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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
+11.12%
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
$9.98B
AUM Growth
+$166M
Cap. Flow
-$808M
Cap. Flow %
-8.1%
Top 10 Hldgs %
63.45%
Holding
23
New
1
Increased
4
Reduced
17
Closed
1

Top Buys

Rank Stock Value
1
CTVA icon
Corteva
CTVA
+$381M
2
MO icon
Altria Group
MO
+$147M
3
EA icon
Electronic Arts
EA
+$114M
4
FOXA icon
Fox Class A
FOXA
+$83.7M
5
NWS icon
News Corp Class B
NWS
+$941K

Top Sells

Rank Stock Value
1
CMG icon
Chipotle Mexican Grill
CMG
+$478M
2
MSFT icon
Microsoft
MSFT
+$291M
3
AAPL icon
Apple
AAPL
+$121M
4
JNJ icon
Johnson & Johnson
JNJ
+$112M
5
EFX icon
Equifax
EFX
+$95.7M

Sector Composition

Rank Sector Weight
1 Technology 23.73%
2 Communication Services 18.55%
3 Financials 13.75%
4 Healthcare 12.6%
5 Consumer Staples 11.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FOXA icon
1
Fox Class A
FOXA
$24.8B
$814M 8.16%
21,961,257
+2,445,265
+13% +$83.7M
JNJ icon
2
Johnson & Johnson
JNJ
$640B
$762M 7.64%
5,224,634
-823,804
-14% -$112M
AAPL icon
3
Apple
AAPL
$4.97T
$739M 7.41%
10,069,944
-1,886,084
-16% -$121M
MSFT icon
4
Microsoft
MSFT
$2.9T
$693M 6.94%
4,393,026
-1,980,252
-31% -$291M
BKNG icon
5
Booking.com
BKNG
$156B
$682M 6.84%
8,305,550
-236,200
-3% -$18.5M
WU icon
6
Western Union
WU
$2.53B
$618M 6.19%
23,067,892
-987,542
-4% -$25.6M
SPGI icon
7
S&P Global
SPGI
$124B
$526M 5.27%
1,927,344
-328,527
-15% -$85.4M
ACN icon
8
Accenture
ACN
$106B
$524M 5.25%
2,488,486
-417,627
-14% -$81.4M
BMY icon
9
Bristol-Myers Squibb
BMY
$129B
$495M 4.96%
7,709,399
-167,601
-2% -$9.6M
EA icon
10
Electronic Arts
EA
$52.4B
$478M 4.79%
4,441,863
+1,143,732
+35% +$114M
TAP icon
11
Molson Coors Class B
TAP
$8.02B
$435M 4.36%
8,075,187
-371,708
-4% -$20M
EFX icon
12
Equifax
EFX
$22B
$434M 4.35%
3,100,143
-691,062
-18% -$95.7M
CTVA icon
13
Corteva
CTVA
$60.5B
$425M 4.26%
+14,379,132
New +$381M
NWSA icon
14
News Corp Class A
NWSA
$15.6B
$420M 4.21%
29,694,437
-1,772,657
-6% -$23.9M
ORCL icon
15
Oracle
ORCL
$339B
$411M 4.12%
7,764,009
-45,092
-0.6% -$2.48M
MO icon
16
Altria Group
MO
$125B
$396M 3.97%
7,929,015
+3,121,068
+65% +$147M
EBAY icon
17
eBay
EBAY
$51.2B
$348M 3.49%
9,650,419
-565,813
-6% -$20.5M
PM icon
18
Philip Morris
PM
$309B
$316M 3.17%
3,717,988
-395,176
-10% -$32.6M
TRU icon
19
TransUnion
TRU
$16B
$228M 2.28%
2,659,027
-511,395
-16% -$42.6M
NWS icon
20
News Corp Class B
NWS
$17.7B
$139M 1.39%
9,567,582
+68,322
+0.7% +$941K
TIF
21
DELISTED
Tiffany & Co.
TIF
$55.1M 0.55%
411,958
-570,317
-58% -$67.4M
IAA
22
DELISTED
IAA, Inc. Common Stock
IAA
$38.3M 0.38%
814,886
-159,304
-16% -$6.71M
CMG icon
23
Chipotle Mexican Grill
CMG
$43.9B
– –
-28,431,750
Closed -$478M

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Independent Franchise Partners's Q4 2019 Portfolio in Review

As of Q4 2019, Independent Franchise Partners held 23 positions worth $9.98B, up 1.7% from $9.81B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Independent Franchise Partners withdrew a net $808M in Q4 2019, closing 1 position and reducing 17 holdings. Its most notable exit was Chipotle Mexican Grill, an estimated $478M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 26% a quarter earlier, followed by Communication Services and Financials.

Against the trend, Independent Franchise Partners opened a new position in Corteva worth $425M.

  • Independent Franchise Partners's largest Q4 2019 buy was Corteva: 14,379,132 shares worth $425M.
  • Independent Franchise Partners added most to Altria Group in Q4 2019, an estimated $147M increase.
  • Independent Franchise Partners's biggest Q4 2019 reduction was Microsoft, cutting an estimated $291M.
  • Independent Franchise Partners fully exited Chipotle Mexican Grill in Q4 2019, selling an estimated $478M.
  • Independent Franchise Partners's ten largest holdings make up 63% of its $9.98B portfolio in Q4 2019.
  • Independent Franchise Partners opened 1 new position and closed 1 in Q4 2019.
  • Independent Franchise Partners's portfolio value rose 1.7% quarter-over-quarter to $9.98B.

Based on Independent Franchise Partners's 13F filing for Q4 2019, filed 13 Feb 2020.