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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
+7.85%
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
$11.9B
AUM Growth
+$838M
Cap. Flow
+$3.38M
Cap. Flow %
0.03%
Top 10 Hldgs %
59.42%
Holding
25
New
2
Increased
18
Reduced
4
Closed
1

Top Buys

Rank Stock Value
1
CTVA icon
Corteva
CTVA
+$182M
2
FOX icon
Fox Class B
FOX
+$106M
3
RBA icon
RB Global
RBA
+$69.2M
4
AZPN
Aspen Technology Inc
AZPN
+$63.1M
5
BMY icon
Bristol-Myers Squibb
BMY
+$50.6M

Top Sells

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$212M
2
ORCL icon
Oracle
ORCL
+$211M
3
MSFT icon
Microsoft
MSFT
+$62.6M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$60M
5
FOXA icon
Fox Class A
FOXA
+$4.72M

Sector Composition

Rank Sector Weight
1 Communication Services 27.34%
2 Financials 18.92%
3 Technology 15.08%
4 Healthcare 10.08%
5 Consumer Discretionary 9.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RBA icon
1
RB Global
RBA
$20.5B
$965M 8.07%
16,078,138
+1,227,053
+8% +$69.2M
BMY icon
2
Bristol-Myers Squibb
BMY
$133B
$802M 6.71%
12,539,440
+755,208
+6% +$50.6M
BKNG icon
3
Booking.com
BKNG
$151B
$716M 5.99%
6,624,700
+21,125
+0.3% +$2.23M
ORCL icon
4
Oracle
ORCL
$373B
$708M 5.93%
5,946,553
-2,045,323
-26% -$211M
AON icon
5
Aon
AON
$77.1B
$704M 5.89%
2,040,211
+3,478
+0.2% +$1.13M
Z icon
6
Zillow
Z
$7.81B
$689M 5.77%
13,718,353
+42,878
+0.3% +$1.97M
CTVA icon
7
Corteva
CTVA
$53.5B
$647M 5.42%
11,292,296
+3,115,825
+38% +$182M
FOXA icon
8
Fox Class A
FOXA
$24.5B
$640M 5.35%
18,813,489
-144,134
-0.8% -$4.72M
PM icon
9
Philip Morris
PM
$298B
$616M 5.15%
6,305,698
+86,540
+1% +$8.27M
NWSA icon
10
News Corp Class A
NWSA
$15B
$614M 5.14%
31,493,424
+1,728,582
+6% +$31.3M
CRM icon
11
Salesforce
CRM
$150B
$611M 5.11%
2,892,873
-1,040,384
-26% -$212M
EA icon
12
Electronic Arts
EA
$53B
$588M 4.92%
4,536,220
+8,928
+0.2% +$1.13M
ICE icon
13
Intercontinental Exchange
ICE
$85.7B
$573M 4.79%
5,066,581
+11,744
+0.2% +$1.27M
TRU icon
14
TransUnion
TRU
$15.1B
$538M 4.51%
6,873,021
+16,386
+0.2% +$1.13M
EBAY icon
15
eBay
EBAY
$50.7B
$471M 3.94%
10,541,896
+18,880
+0.2% +$838K
SPGI icon
16
S&P Global
SPGI
$122B
$445M 3.73%
1,110,837
+1,975
+0.2% +$722K
MSFT icon
17
Microsoft
MSFT
$3.43T
$426M 3.56%
1,250,100
-199,727
-14% -$62.6M
JNJ icon
18
Johnson & Johnson
JNJ
$621B
$403M 3.37%
2,435,193
+5,994
+0.2% +$967K
NWS icon
19
News Corp Class B
NWS
$17B
$250M 2.09%
12,653,817
+16,578
+0.1% +$303K
WWE
20
DELISTED
World Wrestling Entertainment
WWE
$182M 1.52%
1,674,849
+31,144
+2% +$3.22M
ZG icon
21
Zillow
ZG
$7.96B
$117M 0.98%
2,373,641
+5,351
+0.2% +$241K
FOX icon
22
Fox Class B
FOX
$21.9B
$112M 0.93%
+3,496,885
New +$106M
NYT icon
23
New York Times
NYT
$12.2B
$76M 0.64%
1,929,545
+763,474
+65% +$29M
AZPN
24
DELISTED
Aspen Technology Inc
AZPN
$57M 0.48%
+339,968
New +$63.1M
GOOGL icon
25
Alphabet (Google) Class A
GOOGL
$4.35T
– –
-578,295
Closed -$60M

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BBVA
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Impax Asset Management Group
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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
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Polen Capital Management
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X
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Independent Franchise Partners's Q2 2023 Portfolio in Review

As of Q2 2023, Independent Franchise Partners held 25 positions worth $11.9B, up 7.5% from $11.1B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Independent Franchise Partners's Q2 2023 filing shows 2 new, 18 increased, 4 reduced and 1 closed positions. Its largest new stake was Fox Class B: 3,496,885 shares worth $112M. The largest sale was Salesforce, an estimated $212M.

By sector, the portfolio is most concentrated in Communication Services at 27% of assets, up from 26% a quarter earlier, followed by Financials and Technology.

  • Independent Franchise Partners's largest Q2 2023 buy was Fox Class B: 3,496,885 shares worth $112M.
  • Independent Franchise Partners added most to Corteva in Q2 2023, an estimated $182M increase.
  • Independent Franchise Partners's biggest Q2 2023 reduction was Salesforce, cutting an estimated $212M.
  • Independent Franchise Partners fully exited Alphabet (Google) Class A in Q2 2023, selling an estimated $60M.
  • Independent Franchise Partners's ten largest holdings make up 59% of its $11.9B portfolio in Q2 2023.
  • Independent Franchise Partners opened 2 new positions and closed 1 in Q2 2023.
  • Independent Franchise Partners's portfolio value rose 7.5% quarter-over-quarter to $11.9B.

Based on Independent Franchise Partners's 13F filing for Q2 2023, filed 11 Aug 2023.