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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
+7.44%
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
$11.8B
AUM Growth
+$229M
Cap. Flow
-$498M
Cap. Flow %
-4.23%
Top 10 Hldgs %
59.71%
Holding
25
New
1
Increased
3
Reduced
21
Closed
–

Top Buys

Rank Stock Value
1
RVTY icon
Revvity
RVTY
+$186M
2
TRU icon
TransUnion
TRU
+$65.9M
3
TKO icon
TKO Group
TKO
+$10.9M
4
FOX icon
Fox Class B
FOX
+$621K

Top Sells

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$171M
2
SPGI icon
S&P Global
SPGI
+$120M
3
RBA icon
RB Global
RBA
+$44.5M
4
BMY icon
Bristol-Myers Squibb
BMY
+$35.9M
5
PM icon
Philip Morris
PM
+$34.9M

Sector Composition

Rank Sector Weight
1 Communication Services 28.53%
2 Financials 19.01%
3 Healthcare 10.99%
4 Technology 10.55%
5 Consumer Discretionary 9.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RBA icon
1
RB Global
RBA
$20.4B
$1.02B 8.65%
15,207,574
-692,077
-4% -$44.5M
ICE icon
2
Intercontinental Exchange
ICE
$85.6B
$779M 6.62%
6,065,419
-301,785
-5% -$34.2M
Z icon
3
Zillow
Z
$7.79B
$750M 6.38%
12,969,551
-653,720
-5% -$28.8M
NWSA icon
4
News Corp Class A
NWSA
$14.9B
$738M 6.27%
30,061,983
-1,326,639
-4% -$28.8M
BMY icon
5
Bristol-Myers Squibb
BMY
$133B
$722M 6.13%
14,065,112
-684,567
-5% -$35.9M
BKNG icon
6
Booking.com
BKNG
$149B
$686M 5.83%
4,837,400
-220,825
-4% -$27.5M
ORCL icon
7
Oracle
ORCL
$374B
$593M 5.04%
5,623,969
-278,912
-5% -$30.4M
CTVA icon
8
Corteva
CTVA
$52.6B
$589M 5.01%
12,289,093
-605,599
-5% -$28.9M
EA icon
9
Electronic Arts
EA
$53B
$588M 4.99%
4,294,925
-210,926
-5% -$27.9M
AON icon
10
Aon
AON
$76.5B
$563M 4.78%
1,933,361
-93,004
-5% -$29.8M
CRM icon
11
Salesforce
CRM
$151B
$557M 4.73%
2,116,336
-755,414
-26% -$171M
PM icon
12
Philip Morris
PM
$297B
$550M 4.68%
5,846,611
-378,952
-6% -$34.9M
TRU icon
13
TransUnion
TRU
$15.1B
$543M 4.62%
7,904,281
+1,081,996
+16% +$65.9M
FOXA icon
14
Fox Class A
FOXA
$24.5B
$521M 4.43%
17,568,031
-1,050,672
-6% -$31.8M
EBAY icon
15
eBay
EBAY
$50.6B
$435M 3.7%
9,980,317
-488,228
-5% -$20.2M
JNJ icon
16
Johnson & Johnson
JNJ
$618B
$361M 3.07%
2,302,820
-114,192
-5% -$17.5M
EL icon
17
Estee Lauder
EL
$30.4B
$359M 3.06%
2,458,113
-121,146
-5% -$16.1M
SPGI icon
18
S&P Global
SPGI
$121B
$352M 2.99%
798,525
-305,065
-28% -$120M
NWS icon
19
News Corp Class B
NWS
$16.9B
$300M 2.55%
11,681,719
-742,110
-6% -$16.8M
RVTY icon
20
Revvity
RVTY
$12.6B
$211M 1.79%
+1,925,885
New +$186M
TKO icon
21
TKO Group
TKO
$13.6B
$145M 1.23%
1,780,573
+137,635
+8% +$10.9M
ZG icon
22
Zillow
ZG
$7.94B
$127M 1.08%
2,243,798
-111,595
-5% -$4.78M
FOX icon
23
Fox Class B
FOX
$21.8B
$98.2M 0.83%
3,550,700
+22,127
+0.6% +$621K
AZPN
24
DELISTED
Aspen Technology Inc
AZPN
$90.9M 0.77%
413,105
-28,352
-6% -$5.46M
NYT icon
25
New York Times
NYT
$12.1B
$88.3M 0.75%
1,802,245
-127,300
-7% -$5.62M

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SSA
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FGP
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BIP
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Independent Franchise Partners's Q4 2023 Portfolio in Review

As of Q4 2023, Independent Franchise Partners held 25 positions worth $11.8B, up 2% from $11.5B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Independent Franchise Partners withdrew a net $498M in Q4 2023, reducing 21 holdings. Its largest reduction was Salesforce, cutting an estimated $171M.

By sector, the portfolio is most concentrated in Communication Services at 29% of assets, up from 27% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Independent Franchise Partners opened a new position in Revvity worth $211M.

  • Independent Franchise Partners's largest Q4 2023 buy was Revvity: 1,925,885 shares worth $211M.
  • Independent Franchise Partners added most to TransUnion in Q4 2023, an estimated $65.9M increase.
  • Independent Franchise Partners's biggest Q4 2023 reduction was Salesforce, cutting an estimated $171M.
  • Independent Franchise Partners's ten largest holdings make up 60% of its $11.8B portfolio in Q4 2023.
  • Independent Franchise Partners opened 1 new position and closed 0 in Q4 2023.
  • Independent Franchise Partners's portfolio value rose 2% quarter-over-quarter to $11.8B.

Based on Independent Franchise Partners's 13F filing for Q4 2023, filed 13 Feb 2024.