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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
+2.55%
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
$12.7B
AUM Growth
-$23.1M
Cap. Flow
-$439M
Cap. Flow %
-3.45%
Top 10 Hldgs %
59.3%
Holding
27
New
2
Increased
3
Reduced
21
Closed
1

Top Buys

Rank Stock Value
1
Z icon
Zillow
Z
+$702M
2
BMY icon
Bristol-Myers Squibb
BMY
+$187M
3
ZG icon
Zillow
ZG
+$119M
4
NWSA icon
News Corp Class A
NWSA
+$26.5M
5
NWS icon
News Corp Class B
NWS
+$8.6M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$342M
2
ACN icon
Accenture
ACN
+$336M
3
AON icon
Aon
AON
+$251M
4
MSFT icon
Microsoft
MSFT
+$190M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$182M

Sector Composition

Rank Sector Weight
1 Communication Services 29.11%
2 Financials 22.11%
3 Healthcare 12.3%
4 Technology 10.71%
5 Consumer Discretionary 10.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BMY icon
1
Bristol-Myers Squibb
BMY
$133B
$986M 7.76%
15,807,755
+3,192,337
+25% +$187M
PM icon
2
Philip Morris
PM
$297B
$848M 6.68%
8,930,716
-378,668
-4% -$35.4M
FOXA icon
3
Fox Class A
FOXA
$24.5B
$798M 6.28%
21,617,954
-347,538
-2% -$13.7M
CTVA icon
4
Corteva
CTVA
$52.6B
$791M 6.23%
16,731,457
-300,839
-2% -$13.7M
ICE icon
5
Intercontinental Exchange
ICE
$85.6B
$775M 6.1%
5,664,615
-90,571
-2% -$12M
AON icon
6
Aon
AON
$76.5B
$698M 5.5%
2,323,854
-838,647
-27% -$251M
NWSA icon
7
News Corp Class A
NWSA
$14.9B
$687M 5.41%
30,798,760
+1,159,122
+4% +$26.5M
BKNG icon
8
Booking.com
BKNG
$149B
$683M 5.38%
7,120,750
-114,225
-2% -$10.8M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.36T
$643M 5.06%
4,436,060
-1,261,280
-22% -$182M
Z icon
10
Zillow
Z
$7.79B
$622M 4.9%
+9,746,306
New +$702M
SPGI icon
11
S&P Global
SPGI
$121B
$598M 4.71%
1,267,430
-19,682
-2% -$9M
ORCL icon
12
Oracle
ORCL
$374B
$592M 4.66%
6,792,819
-480,489
-7% -$45.1M
MSFT icon
13
Microsoft
MSFT
$3.45T
$588M 4.63%
1,749,290
-587,461
-25% -$190M
JNJ icon
14
Johnson & Johnson
JNJ
$618B
$576M 4.54%
3,367,534
-37,904
-1% -$6.21M
EBAY icon
15
eBay
EBAY
$50.6B
$469M 3.69%
7,056,975
-113,414
-2% -$8.09M
EA icon
16
Electronic Arts
EA
$53B
$432M 3.4%
3,278,659
-55,900
-2% -$7.52M
CME icon
17
CME Group
CME
$96.3B
$407M 3.2%
1,780,163
-28,506
-2% -$6.27M
WU icon
18
Western Union
WU
$1.98B
$330M 2.6%
18,514,153
-253,398
-1% -$4.67M
NWS icon
19
News Corp Class B
NWS
$16.9B
$315M 2.48%
14,003,308
+375,546
+3% +$8.6M
ACN icon
20
Accenture
ACN
$102B
$180M 1.41%
433,304
-922,448
-68% -$336M
RBA icon
21
RB Global
RBA
$20.4B
$161M 1.27%
2,626,163
-34,029
-1% -$2.28M
IAA
22
DELISTED
IAA, Inc. Common Stock
IAA
$147M 1.15%
2,897,385
-37,504
-1% -$1.99M
ZG icon
23
Zillow
ZG
$7.94B
$103M 0.81%
+1,657,048
New +$119M
WWE
24
DELISTED
World Wrestling Entertainment
WWE
$97.2M 0.77%
1,969,170
-25,487
-1% -$1.39M
TMX
25
DELISTED
Terminix Global Holdings, Inc.
TMX
$88.2M 0.69%
1,949,284
-25,231
-1% -$1.03M
1
2

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SSA
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FGP
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BIP
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X
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Independent Franchise Partners's Q4 2021 Portfolio in Review

As of Q4 2021, Independent Franchise Partners held 27 positions worth $12.7B, down 0.18% from $12.7B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Independent Franchise Partners withdrew a net $439M in Q4 2021, closing 1 position and reducing 21 holdings. Its most notable exit was Apple, an estimated $342M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 29% of assets, up from 25% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Independent Franchise Partners opened a new position in Zillow worth $622M.

  • Independent Franchise Partners's largest Q4 2021 buy was Zillow: 9,746,306 shares worth $622M.
  • Independent Franchise Partners added most to Bristol-Myers Squibb in Q4 2021, an estimated $187M increase.
  • Independent Franchise Partners's biggest Q4 2021 reduction was Accenture, cutting an estimated $336M.
  • Independent Franchise Partners fully exited Apple in Q4 2021, selling an estimated $342M.
  • Independent Franchise Partners's ten largest holdings make up 59% of its $12.7B portfolio in Q4 2021.
  • Independent Franchise Partners opened 2 new positions and closed 1 in Q4 2021.
  • Independent Franchise Partners's portfolio value fell 0.18% quarter-over-quarter to $12.7B.

Based on Independent Franchise Partners's 13F filing for Q4 2021, filed 11 Feb 2022.