We are live on ! Find out more
IFP

Independent Franchise Partners Portfolio holdings

AUM $14.3B
1-Year Est. Return 3.49%
This Fund
S&P 500
This Quarter Est. Return
+7.18%
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
$12.1B
AUM Growth
+$324M
Cap. Flow
-$376M
Cap. Flow %
-3.11%
Top 10 Hldgs %
63.38%
Holding
25
New
–
Increased
8
Reduced
15
Closed
2

Top Buys

Rank Stock Value
1
JNJ icon
Johnson & Johnson
JNJ
+$278M
2
TKO icon
TKO Group
TKO
+$163M
3
AON icon
Aon
AON
+$132M
4
PM icon
Philip Morris
PM
+$114M
5
CTVA icon
Corteva
CTVA
+$110M

Top Sells

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$557M
2
SPGI icon
S&P Global
SPGI
+$352M
3
RBA icon
RB Global
RBA
+$102M
4
NYT icon
New York Times
NYT
+$49.5M
5
NWSA icon
News Corp Class A
NWSA
+$31.6M

Sector Composition

Rank Sector Weight
1 Communication Services 27.94%
2 Financials 18.32%
3 Healthcare 13.23%
4 Consumer Discretionary 9.92%
5 Industrials 8.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RBA icon
1
RB Global
RBA
$20.9B
$1.05B 8.66%
13,750,254
-1,457,320
-10% -$102M
CTVA icon
2
Corteva
CTVA
$50.9B
$832M 6.88%
14,423,081
+2,133,988
+17% +$110M
ICE icon
3
Intercontinental Exchange
ICE
$85.2B
$814M 6.73%
5,922,478
-142,941
-2% -$19M
AON icon
4
Aon
AON
$75.8B
$788M 6.52%
2,360,369
+427,008
+22% +$132M
BMY icon
5
Bristol-Myers Squibb
BMY
$134B
$762M 6.3%
14,044,326
-20,786
-0.1% -$1.06M
NWSA icon
6
News Corp Class A
NWSA
$15.1B
$754M 6.24%
28,817,151
-1,244,832
-4% -$31.6M
ORCL icon
7
Oracle
ORCL
$409B
$690M 5.71%
5,493,210
-130,759
-2% -$15M
BKNG icon
8
Booking.com
BKNG
$149B
$685M 5.67%
4,720,200
-117,200
-2% -$16.7M
PM icon
9
Philip Morris
PM
$292B
$649M 5.37%
7,082,566
+1,235,955
+21% +$114M
JNJ icon
10
Johnson & Johnson
JNJ
$613B
$641M 5.3%
4,050,492
+1,747,672
+76% +$278M
Z icon
11
Zillow
Z
$8.04B
$620M 5.13%
12,713,884
-255,667
-2% -$13.9M
TRU icon
12
TransUnion
TRU
$15.3B
$613M 5.07%
7,681,377
-222,904
-3% -$16.3M
FOXA icon
13
Fox Class A
FOXA
$24.6B
$560M 4.63%
17,898,504
+330,473
+2% +$10M
EA icon
14
Electronic Arts
EA
$53B
$555M 4.59%
4,182,196
-112,729
-3% -$15.5M
EBAY icon
15
eBay
EBAY
$47.6B
$514M 4.25%
9,740,114
-240,203
-2% -$10.9M
EL icon
16
Estee Lauder
EL
$30.6B
$370M 3.06%
2,399,728
-58,385
-2% -$8.28M
TKO icon
17
TKO Group
TKO
$13.8B
$323M 2.67%
3,733,569
+1,952,996
+110% +$163M
NWS icon
18
News Corp Class B
NWS
$17.2B
$305M 2.52%
11,272,572
-409,147
-4% -$10.8M
RVTY icon
19
Revvity
RVTY
$12.8B
$198M 1.63%
1,881,025
-44,860
-2% -$4.77M
FOX icon
20
Fox Class B
FOX
$22.1B
$126M 1.04%
4,387,583
+836,883
+24% +$23.4M
AZPN
21
DELISTED
Aspen Technology Inc
AZPN
$109M 0.9%
511,508
+98,403
+24% +$19.4M
ZG icon
22
Zillow
ZG
$8.19B
$105M 0.87%
2,191,673
-52,125
-2% -$2.76M
NYT icon
23
New York Times
NYT
$12.2B
$30.9M 0.26%
714,585
-1,087,660
-60% -$49.5M
CRM icon
24
Salesforce
CRM
$152B
– –
-2,116,336
Closed -$557M
SPGI icon
25
S&P Global
SPGI
$123B
– –
-798,525
Closed -$352M

Similar funds

BBVA
Banco Bilbao Vizcaya Argentaria Madrid, Spain $14.3B AUM 26.23% 1-Year Est. Return
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
Xponance Philadelphia, Pennsylvania $14.1B AUM 30.11% 1-Year Est. Return
CM
Capula Management Grand Cayman, Cayman Islands $14.1B AUM 19.14% 1-Year Est. Return

Independent Franchise Partners's Q1 2024 Portfolio in Review

As of Q1 2024, Independent Franchise Partners held 25 positions worth $12.1B, up 2.8% from $11.8B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Independent Franchise Partners withdrew a net $376M in Q1 2024, closing 2 positions and reducing 15 holdings. Its most notable exit was Salesforce, an estimated $557M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 28% of assets, down from 29% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Independent Franchise Partners added an estimated $278M to Johnson & Johnson.

  • Independent Franchise Partners added most to Johnson & Johnson in Q1 2024, an estimated $278M increase.
  • Independent Franchise Partners's biggest Q1 2024 reduction was RB Global, cutting an estimated $102M.
  • Independent Franchise Partners fully exited Salesforce in Q1 2024, selling an estimated $557M.
  • Independent Franchise Partners's ten largest holdings make up 63% of its $12.1B portfolio in Q1 2024.
  • Independent Franchise Partners opened 0 new positions and closed 2 in Q1 2024.
  • Independent Franchise Partners's portfolio value rose 2.8% quarter-over-quarter to $12.1B.

Based on Independent Franchise Partners's 13F filing for Q1 2024, filed 14 May 2024.