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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
-0.17%
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
$10.9B
AUM Growth
-$1.23B
Cap. Flow
-$1.05B
Cap. Flow %
-9.62%
Top 10 Hldgs %
63.46%
Holding
24
New
1
Increased
5
Reduced
18
Closed
–

Top Buys

Rank Stock Value
1
WMG icon
Warner Music
WMG
+$168M
2
EL icon
Estee Lauder
EL
+$140M
3
BMY icon
Bristol-Myers Squibb
BMY
+$24.9M
4
FOXA icon
Fox Class A
FOXA
+$19.5M
5
FOX icon
Fox Class B
FOX
+$19.2M

Top Sells

Rank Stock Value
1
TRU icon
TransUnion
TRU
+$319M
2
BKNG icon
Booking.com
BKNG
+$308M
3
CTVA icon
Corteva
CTVA
+$182M
4
RBA icon
RB Global
RBA
+$148M
5
NWSA icon
News Corp Class A
NWSA
+$117M

Sector Composition

Rank Sector Weight
1 Communication Services 32.44%
2 Financials 15.95%
3 Healthcare 11.81%
4 Consumer Staples 9.65%
5 Consumer Discretionary 8.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RBA icon
1
RB Global
RBA
$20.5B
$899M 8.28%
11,770,067
-1,980,187
-14% -$148M
ICE icon
2
Intercontinental Exchange
ICE
$87.7B
$772M 7.11%
5,637,011
-285,467
-5% -$38.4M
ORCL icon
3
Oracle
ORCL
$367B
$759M 6.99%
5,374,723
-118,487
-2% -$14.7M
AON icon
4
Aon
AON
$77.8B
$707M 6.51%
2,409,530
+49,161
+2% +$14.5M
PM icon
5
Philip Morris
PM
$299B
$679M 6.25%
6,702,152
-380,414
-5% -$37.2M
NWSA icon
6
News Corp Class A
NWSA
$15.2B
$670M 6.17%
24,306,600
-4,510,551
-16% -$117M
FOXA icon
7
Fox Class A
FOXA
$24.7B
$636M 5.85%
18,495,954
+597,450
+3% +$19.5M
BMY icon
8
Bristol-Myers Squibb
BMY
$132B
$606M 5.58%
14,600,621
+556,295
+4% +$24.9M
CTVA icon
9
Corteva
CTVA
$59.8B
$600M 5.52%
11,118,124
-3,304,957
-23% -$182M
EA icon
10
Electronic Arts
EA
$52.9B
$565M 5.2%
4,052,313
-129,883
-3% -$17.1M
JNJ icon
11
Johnson & Johnson
JNJ
$617B
$564M 5.2%
3,862,080
-188,412
-5% -$28M
Z icon
12
Zillow
Z
$7.71B
$558M 5.14%
12,022,250
-691,634
-5% -$30.4M
EBAY icon
13
eBay
EBAY
$50.4B
$499M 4.59%
9,282,584
-457,530
-5% -$23.8M
BKNG icon
14
Booking.com
BKNG
$150B
$419M 3.86%
2,644,025
-2,076,175
-44% -$308M
TKO icon
15
TKO Group
TKO
$13.8B
$380M 3.5%
3,522,742
-210,827
-6% -$21.4M
EL icon
16
Estee Lauder
EL
$30.7B
$369M 3.4%
3,466,048
+1,066,320
+44% +$140M
NWS icon
17
News Corp Class B
NWS
$17.2B
$264M 2.43%
9,299,164
-1,973,408
-18% -$52.5M
TRU icon
18
TransUnion
TRU
$15.4B
$253M 2.33%
3,410,096
-4,271,281
-56% -$319M
FOX icon
19
Fox Class B
FOX
$22B
$161M 1.48%
5,023,830
+636,247
+15% +$19.2M
WMG icon
20
Warner Music
WMG
$14.4B
$160M 1.47%
+5,225,334
New +$168M
RVTY icon
21
Revvity
RVTY
$12.7B
$112M 1.03%
1,067,353
-813,672
-43% -$86.4M
AZPN
22
DELISTED
Aspen Technology Inc
AZPN
$99.1M 0.91%
499,163
-12,345
-2% -$2.54M
ZG icon
23
Zillow
ZG
$7.79B
$94.2M 0.87%
2,091,542
-100,131
-5% -$4.32M
NYT icon
24
New York Times
NYT
$12.3B
$35.7M 0.33%
697,339
-17,246
-2% -$811K

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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
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 Q2 2024 Portfolio in Review

As of Q2 2024, Independent Franchise Partners held 24 positions worth $10.9B, down 10% from $12.1B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Independent Franchise Partners withdrew a net $1.05B in Q2 2024, reducing 18 holdings. Its largest reduction was TransUnion, cutting an estimated $319M.

By sector, the portfolio is most concentrated in Communication Services at 32% of assets, up from 28% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Independent Franchise Partners opened a new position in Warner Music worth $160M.

  • Independent Franchise Partners's largest Q2 2024 buy was Warner Music: 5,225,334 shares worth $160M.
  • Independent Franchise Partners added most to Estee Lauder in Q2 2024, an estimated $140M increase.
  • Independent Franchise Partners's biggest Q2 2024 reduction was TransUnion, cutting an estimated $319M.
  • Independent Franchise Partners's ten largest holdings make up 63% of its $10.9B portfolio in Q2 2024.
  • Independent Franchise Partners opened 1 new position and closed 0 in Q2 2024.
  • Independent Franchise Partners's portfolio value fell 10% quarter-over-quarter to $10.9B.

Based on Independent Franchise Partners's 13F filing for Q2 2024, filed 13 Aug 2024.