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IFP
Independent Franchise Partners Portfolio holdings
AUM
$14.3B
1-Year Est. Return
3.49%
This Fund
S&P 500
This Quarter
Est. Return
+18.66%
1 Year Est. Return
+3.49%
3 Year Est. Return
+55.26%
5 Year Est. Return
+61.47%
10 Year Est. Return
+309.34%
AUM
$8.86B
AUM Growth
+$715M
(+8.8%)
Cap. Flow
-$645M
Cap. Flow
% of AUM
-7.28%
Top 10 Holdings %
Top 10 Hldgs %
69.54%
Holding
24
New
6
Increased
6
Reduced
10
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fox Class A
FOXA
|
+$465M |
| 2 |
Electronic Arts
EA
|
+$240M |
| 3 |
Booking.com
BKNG
|
+$188M |
| 4 |
Western Union
WU
|
+$162M |
| 5 |
Apple
AAPL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$1.19B |
| 2 |
Chipotle Mexican Grill
CMG
|
+$304M |
| 3 |
eBay
EBAY
|
+$276M |
| 4 |
Abbott
ABT
|
+$95.5M |
| 5 |
Zoetis
ZTS
|
+$88.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.88% |
| 2 | Consumer Staples | 16.21% |
| 3 | Consumer Discretionary | 13.81% |
| 4 | Communication Services | 12.97% |
| 5 | Healthcare | 12.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Johnson & Johnson
JNJ
$617B
| $1.09B | 12.33% |
7,818,999
-77,932
| -1% | -$10.4M |
|
2
Microsoft
MSFT
$3.35T
| $816M | 9.21% |
6,920,438
-63,578
| -0.9% | -$6.94M |
|
|
3
Apple
AAPL
$4.9T
| $713M | 8.04% |
15,012,524
+2,656,452
| +21% | +$113M |
|
4
Accenture
ACN
$99.9B
| $595M | 6.72% |
3,381,612
-50,574
| -1% | -$7.95M |
|
5
Altria Group
MO
$113B
| $535M | 6.03% |
9,313,169
-1,203,928
| -11% | -$61.5M |
|
6
Equifax
EFX
$20.7B
| $527M | 5.94% |
4,443,439
+182,009
| +4% | +$19.4M |
|
7
Molson Coors Class B
TAP
$7.79B
| $515M | 5.81% |
8,630,924
-82,901
| -1% | -$5.12M |
|
8
S&P Global
SPGI
$122B
| $497M | 5.61% |
2,360,337
-55,178
| -2% | -$10.7M |
|
|
9
Fox Class A
FOXA
$24.7B
| $438M | 4.94% |
+11,923,579
| New | +$465M |
|
10
Oracle
ORCL
$367B
| $436M | 4.91% |
8,108,640
+114,433
| +1% | +$5.83M |
|
|
11
Chipotle Mexican Grill
CMG
$49.4B
| $420M | 4.73% |
29,534,850
-26,238,900
| -47% | -$304M |
|
|
12
Booking.com
BKNG
$150B
| $414M | 4.67% |
5,924,500
+2,637,025
| +80% | +$188M |
|
|
13
eBay
EBAY
$50.4B
| $391M | 4.41% |
10,519,754
-7,968,717
| -43% | -$276M |
|
14
Philip Morris
PM
$299B
| $387M | 4.36% |
4,374,768
-701,466
| -14% | -$56.5M |
|
15
News Corp Class A
NWSA
$15.2B
| $371M | 4.19% |
29,820,290
+4,771,685
| +19% | +$60.1M |
|
|
16
Electronic Arts
EA
$52.9B
| $257M | 2.9% |
+2,526,825
| New | +$240M |
|
|
17
Western Union
WU
$2.4B
| $166M | 1.87% |
+8,988,795
| New | +$162M |
|
|
TIF
18
DELISTED
Tiffany & Co.
TIF
| $104M | 1.17% |
+982,862
| New | +$90.2M |
|
19
TransUnion
TRU
$15.4B
| $97.5M | 1.1% |
+1,459,216
| New | +$90.4M |
|
20
News Corp Class B
NWS
$17.2B
| $68.6M | 0.77% |
5,490,528
+1,534,766
| +39% | +$19.6M |
|
21
Walt Disney
DIS
$167B
| $15.4M | 0.17% |
+139,025
| New | +$15.5M |
|
|
22
Zoetis
ZTS
$31.9B
| $10.4M | 0.12% |
103,053
-970,425
| -90% | -$88.1M |
|
|
23
Abbott
ABT
$183B
| – | – |
-1,319,722
| Closed | -$95.5M |
|
|
TFCFA
24
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| – | – |
-24,711,741
| Closed | -$1.19B |
|
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Independent Franchise Partners's Q1 2019 Portfolio in Review
As of Q1 2019, Independent Franchise Partners held 24 positions worth $8.86B, up 8.8% from $8.15B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Independent Franchise Partners withdrew a net $645M in Q1 2019, closing 2 positions and reducing 10 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class A, an estimated $1.19B position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 25% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
Against the trend, Independent Franchise Partners opened a new position in Fox Class A worth $438M.
- Independent Franchise Partners's largest Q1 2019 buy was Fox Class A: 11,923,579 shares worth $438M.
- Independent Franchise Partners added most to Booking.com in Q1 2019, an estimated $188M increase.
- Independent Franchise Partners's biggest Q1 2019 reduction was Chipotle Mexican Grill, cutting an estimated $304M.
- Independent Franchise Partners fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $1.19B.
- Independent Franchise Partners's ten largest holdings make up 70% of its $8.86B portfolio in Q1 2019.
- Independent Franchise Partners opened 6 new positions and closed 2 in Q1 2019.
- Independent Franchise Partners's portfolio value rose 8.8% quarter-over-quarter to $8.86B.
Based on Independent Franchise Partners's 13F filing for Q1 2019, filed 14 May 2019.