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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
-14.61%
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
$10.6B
AUM Growth
-$2.02B
Cap. Flow
-$47.6M
Cap. Flow %
-0.45%
Top 10 Hldgs %
56.65%
Holding
26
New
–
Increased
4
Reduced
22
Closed
–

Top Buys

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$323M
2
TRU icon
TransUnion
TRU
+$150M
3
Z icon
Zillow
Z
+$130M
4
ZG icon
Zillow
ZG
+$23.3M

Top Sells

Rank Stock Value
1
BMY icon
Bristol-Myers Squibb
BMY
+$202M
2
CTVA icon
Corteva
CTVA
+$127M
3
JNJ icon
Johnson & Johnson
JNJ
+$55.9M
4
PM icon
Philip Morris
PM
+$33.4M
5
FOXA icon
Fox Class A
FOXA
+$23.2M

Sector Composition

Rank Sector Weight
1 Communication Services 28.08%
2 Financials 20.73%
3 Technology 14.73%
4 Healthcare 13.8%
5 Consumer Discretionary 9.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BMY icon
1
Bristol-Myers Squibb
BMY
$132B
$954M 8.97%
12,386,958
-2,656,135
-18% -$202M
PM icon
2
Philip Morris
PM
$301B
$643M 6.04%
6,509,223
-327,837
-5% -$33.4M
FOXA icon
3
Fox Class A
FOXA
$24.4B
$641M 6.03%
19,945,516
-660,553
-3% -$23.2M
CRM icon
4
Salesforce
CRM
$149B
$600M 5.64%
3,636,375
+1,830,319
+101% +$323M
AON icon
5
Aon
AON
$76.7B
$579M 5.45%
2,148,008
-64,853
-3% -$18.6M
EA icon
6
Electronic Arts
EA
$53B
$568M 5.34%
4,672,801
-155,252
-3% -$19.8M
CTVA icon
7
Corteva
CTVA
$54.4B
$529M 4.97%
9,765,714
-2,181,183
-18% -$127M
JNJ icon
8
Johnson & Johnson
JNJ
$621B
$514M 4.83%
2,897,130
-313,950
-10% -$55.9M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.27T
$506M 4.76%
4,646,660
-153,340
-3% -$18.1M
ICE icon
10
Intercontinental Exchange
ICE
$85.8B
$491M 4.62%
5,224,891
-173,735
-3% -$18.6M
TRU icon
11
TransUnion
TRU
$14.9B
$460M 4.32%
5,745,451
+1,746,275
+44% +$150M
BKNG icon
12
Booking.com
BKNG
$150B
$457M 4.3%
6,532,250
-241,775
-4% -$20.6M
EBAY icon
13
eBay
EBAY
$50.1B
$453M 4.25%
10,860,855
-358,115
-3% -$17.5M
Z icon
14
Zillow
Z
$7.62B
$438M 4.12%
13,805,634
+3,227,434
+31% +$130M
ORCL icon
15
Oracle
ORCL
$365B
$438M 4.12%
6,270,777
-212,413
-3% -$15.5M
NWSA icon
16
News Corp Class A
NWSA
$14.9B
$438M 4.12%
28,098,788
-982,744
-3% -$18.1M
MSFT icon
17
Microsoft
MSFT
$3.4T
$414M 3.89%
1,612,753
-53,448
-3% -$14.5M
SPGI icon
18
S&P Global
SPGI
$121B
$393M 3.7%
1,166,787
-39,188
-3% -$14M
WU icon
19
Western Union
WU
$2.04B
$282M 2.65%
17,144,047
-518,366
-3% -$9.14M
NWS icon
20
News Corp Class B
NWS
$16.8B
$211M 1.98%
13,257,576
-391,227
-3% -$7.28M
RBA icon
21
RB Global
RBA
$20.3B
$161M 1.51%
2,471,604
-185,510
-7% -$10.9M
ACN icon
22
Accenture
ACN
$99.3B
$114M 1.08%
412,002
-9,047
-2% -$2.72M
WWE
23
DELISTED
World Wrestling Entertainment
WWE
$108M 1.01%
1,724,182
-178,658
-9% -$11M
IAA
24
DELISTED
IAA, Inc. Common Stock
IAA
$102M 0.96%
3,102,987
-232,948
-7% -$8.53M
ZG icon
25
Zillow
ZG
$7.74B
$76.6M 0.72%
2,407,916
+589,966
+32% +$23.3M
1
2

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SSA
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FGP
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Independent Franchise Partners's Q2 2022 Portfolio in Review

As of Q2 2022, Independent Franchise Partners held 26 positions worth $10.6B, down 16% from $12.7B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Trading was light in Q2 2022: portfolio turnover was 0%. Independent Franchise Partners opened no new positions and made no exits, leaving the 26-position portfolio largely intact.

By sector, the portfolio is most concentrated in Communication Services at 28% of assets, down from 30% a quarter earlier, followed by Financials and Technology.

  • Independent Franchise Partners added most to Salesforce in Q2 2022, an estimated $323M increase.
  • Independent Franchise Partners's biggest Q2 2022 reduction was Bristol-Myers Squibb, cutting an estimated $202M.
  • Independent Franchise Partners's ten largest holdings make up 57% of its $10.6B portfolio in Q2 2022.
  • Independent Franchise Partners opened 0 new positions and closed 0 in Q2 2022.
  • Independent Franchise Partners's portfolio value fell 16% quarter-over-quarter to $10.6B.

Based on Independent Franchise Partners's 13F filing for Q2 2022, filed 12 Aug 2022.