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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
+10.77%
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
$11.1B
AUM Growth
+$908M
Cap. Flow
+$50.3M
Cap. Flow %
0.45%
Top 10 Hldgs %
62.35%
Holding
25
New
1
Increased
8
Reduced
14
Closed
2

Top Buys

Rank Stock Value
1
RBA icon
RB Global
RBA
+$587M
2
CRM icon
Salesforce
CRM
+$77.7M
3
NWSA icon
News Corp Class A
NWSA
+$51M
4
NYT icon
New York Times
NYT
+$43M
5
BKNG icon
Booking.com
BKNG
+$34.8M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$370M
2
IAA
IAA, Inc. Common Stock
IAA
+$234M
3
WU icon
Western Union
WU
+$113M
4
MSFT icon
Microsoft
MSFT
+$22.9M
5
WWE
World Wrestling Entertainment
WWE
+$3.68M

Sector Composition

Rank Sector Weight
1 Communication Services 26.03%
2 Financials 17.8%
3 Technology 17.52%
4 Healthcare 10.74%
5 Consumer Discretionary 10.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RBA icon
1
RB Global
RBA
$20.9B
$836M 7.52%
14,851,085
+9,962,297
+204% +$587M
BMY icon
2
Bristol-Myers Squibb
BMY
$134B
$817M 7.35%
11,784,232
-46,252
-0.4% -$3.26M
CRM icon
3
Salesforce
CRM
$152B
$786M 7.07%
3,933,257
+459,956
+13% +$77.7M
ORCL icon
4
Oracle
ORCL
$409B
$743M 6.68%
7,991,876
-38,106
-0.5% -$3.34M
BKNG icon
5
Booking.com
BKNG
$149B
$701M 6.31%
6,603,575
+357,200
+6% +$34.8M
FOXA icon
6
Fox Class A
FOXA
$24.6B
$646M 5.81%
18,957,623
-68,541
-0.4% -$2.32M
AON icon
7
Aon
AON
$75.9B
$642M 5.78%
2,036,733
-7,879
-0.4% -$2.44M
Z icon
8
Zillow
Z
$8.04B
$608M 5.47%
13,675,475
-65,342
-0.5% -$2.78M
PM icon
9
Philip Morris
PM
$292B
$605M 5.44%
6,219,158
-32,026
-0.5% -$3.19M
EA icon
10
Electronic Arts
EA
$53B
$545M 4.91%
4,527,292
+65,742
+1% +$7.72M
ICE icon
11
Intercontinental Exchange
ICE
$85.2B
$527M 4.74%
5,054,837
+69,049
+1% +$7.19M
NWSA icon
12
News Corp Class A
NWSA
$15.1B
$514M 4.63%
29,764,842
+2,791,241
+10% +$51M
CTVA icon
13
Corteva
CTVA
$50.9B
$493M 4.44%
8,176,471
-29,238
-0.4% -$1.79M
EBAY icon
14
eBay
EBAY
$47.6B
$467M 4.2%
10,523,016
+157,760
+2% +$7.23M
TRU icon
15
TransUnion
TRU
$15.3B
$426M 3.83%
6,856,635
-39,335
-0.6% -$2.57M
MSFT icon
16
Microsoft
MSFT
$3.62T
$418M 3.76%
1,449,827
-89,819
-6% -$22.9M
SPGI icon
17
S&P Global
SPGI
$123B
$382M 3.44%
1,108,862
-4,855
-0.4% -$1.71M
JNJ icon
18
Johnson & Johnson
JNJ
$613B
$377M 3.39%
2,429,199
-8,515
-0.3% -$1.37M
NWS icon
19
News Corp Class B
NWS
$17.2B
$220M 1.98%
12,637,239
+135,911
+1% +$2.51M
WWE
20
DELISTED
World Wrestling Entertainment
WWE
$150M 1.35%
1,643,705
-43,066
-3% -$3.68M
ZG icon
21
Zillow
ZG
$8.19B
$103M 0.93%
2,368,290
-7,905
-0.3% -$329K
GOOGL icon
22
Alphabet (Google) Class A
GOOGL
$4.57T
$60M 0.54%
578,295
-3,856,643
-87% -$370M
NYT icon
23
New York Times
NYT
$12.2B
$45.3M 0.41%
+1,166,071
New +$43M
WU icon
24
Western Union
WU
$2.04B
– –
-8,190,782
Closed -$113M
IAA
25
DELISTED
IAA, Inc. Common Stock
IAA
– –
-5,839,692
Closed -$234M

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BBVA
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Impax Asset Management Group
Impax Asset Management Group London, United Kingdom $14.3B AUM 19.8% 1-Year Est. Return
SSA
Schonfeld Strategic Advisors New York $14.2B AUM 37.17% 1-Year Est. Return
FGP
Freestone Grove Partners San Francisco, California $14.2B AUM 24.58% 1-Year Est. Return
BIP
Brandes Investment Partners La Jolla, California $14.1B AUM 25.52% 1-Year Est. Return
Polen Capital Management
Polen Capital Management Boca Raton, Florida $14.5B AUM 5.7% 1-Year Est. Return
X
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CM
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Independent Franchise Partners's Q1 2023 Portfolio in Review

As of Q1 2023, Independent Franchise Partners held 25 positions worth $11.1B, up 8.9% from $10.2B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Independent Franchise Partners's Q1 2023 filing shows 1 new, 8 increased, 14 reduced and 2 closed positions. Its largest new stake was New York Times: 1,166,071 shares worth $45.3M. The largest sale was Alphabet (Google) Class A, an estimated $370M.

By sector, the portfolio is most concentrated in Communication Services at 26% of assets, down from 28% a quarter earlier, followed by Financials and Technology.

  • Independent Franchise Partners's largest Q1 2023 buy was New York Times: 1,166,071 shares worth $45.3M.
  • Independent Franchise Partners added most to RB Global in Q1 2023, an estimated $587M increase.
  • Independent Franchise Partners's biggest Q1 2023 reduction was Alphabet (Google) Class A, cutting an estimated $370M.
  • Independent Franchise Partners fully exited IAA, Inc. Common Stock in Q1 2023, selling an estimated $234M.
  • Independent Franchise Partners's ten largest holdings make up 62% of its $11.1B portfolio in Q1 2023.
  • Independent Franchise Partners opened 1 new position and closed 2 in Q1 2023.
  • Independent Franchise Partners's portfolio value rose 8.9% quarter-over-quarter to $11.1B.

Based on Independent Franchise Partners's 13F filing for Q1 2023, filed 12 May 2023.