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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
-4.6%
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
$11.5B
AUM Growth
-$414M
Cap. Flow
+$106M
Cap. Flow %
0.92%
Top 10 Hldgs %
60.31%
Holding
26
New
2
Increased
5
Reduced
16
Closed
2

Top Buys

Rank Stock Value
1
EL icon
Estee Lauder
EL
+$430M
2
TKO icon
TKO Group
TKO
+$153M
3
ICE icon
Intercontinental Exchange
ICE
+$149M
4
BMY icon
Bristol-Myers Squibb
BMY
+$135M
5
CTVA icon
Corteva
CTVA
+$84.9M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$426M
2
BKNG icon
Booking.com
BKNG
+$190M
3
WWE
World Wrestling Entertainment
WWE
+$182M
4
RBA icon
RB Global
RBA
+$11M
5
PM icon
Philip Morris
PM
+$7.71M

Sector Composition

Rank Sector Weight
1 Communication Services 26.58%
2 Financials 19.51%
3 Technology 11.25%
4 Healthcare 10.68%
5 Consumer Discretionary 9.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RBA icon
1
RB Global
RBA
$20.4B
$994M 8.61%
15,899,651
-178,487
-1% -$11M
BMY icon
2
Bristol-Myers Squibb
BMY
$133B
$856M 7.42%
14,749,679
+2,210,239
+18% +$135M
ICE icon
3
Intercontinental Exchange
ICE
$85.6B
$701M 6.07%
6,367,204
+1,300,623
+26% +$149M
CTVA icon
4
Corteva
CTVA
$52.6B
$660M 5.72%
12,894,692
+1,602,396
+14% +$84.9M
AON icon
5
Aon
AON
$76.5B
$657M 5.7%
2,026,365
-13,846
-0.7% -$4.58M
NWSA icon
6
News Corp Class A
NWSA
$14.9B
$630M 5.46%
31,388,622
-104,802
-0.3% -$2.13M
Z icon
7
Zillow
Z
$7.79B
$629M 5.45%
13,623,271
-95,082
-0.7% -$4.89M
ORCL icon
8
Oracle
ORCL
$374B
$625M 5.42%
5,902,881
-43,672
-0.7% -$5.06M
BKNG icon
9
Booking.com
BKNG
$149B
$624M 5.41%
5,058,225
-1,566,475
-24% -$190M
CRM icon
10
Salesforce
CRM
$151B
$582M 5.05%
2,871,750
-21,123
-0.7% -$4.56M
FOXA icon
11
Fox Class A
FOXA
$24.5B
$581M 5.04%
18,618,703
-194,786
-1% -$6.4M
PM icon
12
Philip Morris
PM
$297B
$576M 5%
6,225,563
-80,135
-1% -$7.71M
EA icon
13
Electronic Arts
EA
$53B
$543M 4.7%
4,505,851
-30,369
-0.7% -$3.82M
TRU icon
14
TransUnion
TRU
$15.1B
$490M 4.25%
6,822,285
-50,736
-0.7% -$3.98M
EBAY icon
15
eBay
EBAY
$50.6B
$462M 4%
10,468,545
-73,351
-0.7% -$3.27M
SPGI icon
16
S&P Global
SPGI
$121B
$403M 3.5%
1,103,590
-7,247
-0.7% -$2.85M
JNJ icon
17
Johnson & Johnson
JNJ
$618B
$376M 3.26%
2,417,012
-18,181
-0.7% -$3M
EL icon
18
Estee Lauder
EL
$30.4B
$373M 3.23%
+2,579,259
New +$430M
NWS icon
19
News Corp Class B
NWS
$16.9B
$259M 2.25%
12,423,829
-229,988
-2% -$4.77M
TKO icon
20
TKO Group
TKO
$13.6B
$138M 1.2%
+1,642,938
New +$153M
ZG icon
21
Zillow
ZG
$7.94B
$105M 0.91%
2,355,393
-18,248
-0.8% -$916K
FOX icon
22
Fox Class B
FOX
$21.8B
$102M 0.88%
3,528,573
+31,688
+0.9% +$970K
AZPN
23
DELISTED
Aspen Technology Inc
AZPN
$90.2M 0.78%
441,457
+101,489
+30% +$19.1M
NYT icon
24
New York Times
NYT
$12.1B
$79.5M 0.69%
1,929,545
– –
MSFT icon
25
Microsoft
MSFT
$3.45T
– –
-1,250,100
Closed -$426M
1
2

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SSA
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FGP
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BIP
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Independent Franchise Partners's Q3 2023 Portfolio in Review

As of Q3 2023, Independent Franchise Partners held 26 positions worth $11.5B, down 3.5% from $11.9B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Independent Franchise Partners's Q3 2023 filing shows 2 new, 5 increased, 16 reduced and 2 closed positions. Its largest new stake was Estee Lauder: 2,579,259 shares worth $373M. The largest sale was Microsoft, an estimated $426M.

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

  • Independent Franchise Partners's largest Q3 2023 buy was Estee Lauder: 2,579,259 shares worth $373M.
  • Independent Franchise Partners added most to Intercontinental Exchange in Q3 2023, an estimated $149M increase.
  • Independent Franchise Partners's biggest Q3 2023 reduction was Booking.com, cutting an estimated $190M.
  • Independent Franchise Partners fully exited Microsoft in Q3 2023, selling an estimated $426M.
  • Independent Franchise Partners's ten largest holdings make up 60% of its $11.5B portfolio in Q3 2023.
  • Independent Franchise Partners opened 2 new positions and closed 2 in Q3 2023.
  • Independent Franchise Partners's portfolio value fell 3.5% quarter-over-quarter to $11.5B.

Based on Independent Franchise Partners's 13F filing for Q3 2023, filed 13 Nov 2023.