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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
+6.92%
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
$14B
AUM Growth
+$700M
Cap. Flow
-$106M
Cap. Flow %
-0.76%
Top 10 Hldgs %
60.81%
Holding
26
New
1
Increased
17
Reduced
7
Closed
1

Top Buys

Rank Stock Value
1
SOLV icon
Solventum
SOLV
+$314M
2
WMG icon
Warner Music
WMG
+$243M
3
LYV icon
Live Nation Entertainment
LYV
+$137M
4
WBD icon
Warner Bros
WBD
+$137M
5
KVUE icon
Kenvue
KVUE
+$128M

Top Sells

Rank Stock Value
1
RBA icon
RB Global
RBA
+$374M
2
PM icon
Philip Morris
PM
+$324M
3
FOXA icon
Fox Class A
FOXA
+$174M
4
AON icon
Aon
AON
+$166M
5
AZPN
Aspen Technology Inc
AZPN
+$130M

Sector Composition

Rank Sector Weight
1 Communication Services 37.83%
2 Healthcare 17%
3 Financials 13.38%
4 Consumer Staples 10.29%
5 Materials 7.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ICE icon
1
Intercontinental Exchange
ICE
$85.2B
$1.07B 7.62%
6,192,424
+31,588
+0.5% +$5.18M
BMY icon
2
Bristol-Myers Squibb
BMY
$134B
$1.06B 7.57%
17,393,791
+264,562
+2% +$15.4M
CTVA icon
3
Corteva
CTVA
$50.9B
$1.06B 7.53%
16,785,300
+288,792
+2% +$17.9M
JNJ icon
4
Johnson & Johnson
JNJ
$613B
$879M 6.27%
5,302,536
+108,065
+2% +$16.9M
EBAY icon
5
eBay
EBAY
$47.6B
$792M 5.65%
11,689,267
+510,629
+5% +$34M
Z icon
6
Zillow
Z
$8.04B
$765M 5.45%
11,153,697
+271,084
+2% +$20.7M
LYV icon
7
Live Nation Entertainment
LYV
$42.3B
$744M 5.31%
5,698,560
+1,004,574
+21% +$137M
NWSA icon
8
News Corp Class A
NWSA
$15.1B
$740M 5.28%
27,189,590
+572,331
+2% +$16M
FOXA icon
9
Fox Class A
FOXA
$24.6B
$729M 5.2%
12,888,660
-3,288,749
-20% -$174M
PM icon
10
Philip Morris
PM
$292B
$691M 4.93%
4,353,531
-2,290,300
-34% -$324M
AON icon
11
Aon
AON
$75.9B
$632M 4.51%
1,583,221
-433,751
-22% -$166M
ORCL icon
12
Oracle
ORCL
$409B
$587M 4.19%
4,198,933
+60,478
+1% +$9.85M
RBA icon
13
RB Global
RBA
$20.9B
$576M 4.11%
5,745,840
-3,918,122
-41% -$374M
EA icon
14
Electronic Arts
EA
$53B
$570M 4.07%
3,945,702
+88,767
+2% +$12M
EL icon
15
Estee Lauder
EL
$30.6B
$526M 3.75%
7,976,434
+118,276
+2% +$8.56M
TKO icon
16
TKO Group
TKO
$13.8B
$486M 3.46%
3,178,282
-230,858
-7% -$35.3M
SOLV icon
17
Solventum
SOLV
$15.3B
$443M 3.16%
5,820,724
+4,217,570
+263% +$314M
WMG icon
18
Warner Music
WMG
$13.1B
$419M 2.99%
13,378,864
+7,483,839
+127% +$243M
NWS icon
19
News Corp Class B
NWS
$17.2B
$295M 2.11%
9,728,572
+78,855
+0.8% +$2.5M
FOX icon
20
Fox Class B
FOX
$22.1B
$277M 1.98%
5,260,915
-445,471
-8% -$22.1M
KVUE icon
21
Kenvue
KVUE
$36.5B
$225M 1.6%
9,379,037
+5,761,288
+159% +$128M
TRU icon
22
TransUnion
TRU
$15.3B
$176M 1.25%
2,116,568
+30,518
+1% +$2.79M
WBD icon
23
Warner Bros
WBD
$65.4B
$140M 1%
+13,068,375
New +$137M
ZG icon
24
Zillow
ZG
$8.19B
$138M 0.98%
2,060,399
+36,046
+2% +$2.66M
RTO icon
25
Rentokil
RTO
$12B
$3.85M 0.03%
168,001
-131,148
-44% -$3.16M
1
2

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SSA
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FGP
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Independent Franchise Partners's Q1 2025 Portfolio in Review

As of Q1 2025, Independent Franchise Partners held 26 positions worth $14B, up 5.3% from $13.3B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Independent Franchise Partners's Q1 2025 filing shows 1 new, 17 increased, 7 reduced and 1 closed positions. Its largest new stake was Warner Bros: 13,068,375 shares worth $140M. The largest sale was RB Global, an estimated $374M.

By sector, the portfolio is most concentrated in Communication Services at 38% of assets, up from 37% a quarter earlier, followed by Healthcare and Financials.

  • Independent Franchise Partners's largest Q1 2025 buy was Warner Bros: 13,068,375 shares worth $140M.
  • Independent Franchise Partners added most to Solventum in Q1 2025, an estimated $314M increase.
  • Independent Franchise Partners's biggest Q1 2025 reduction was RB Global, cutting an estimated $374M.
  • Independent Franchise Partners fully exited Aspen Technology Inc in Q1 2025, selling an estimated $130M.
  • Independent Franchise Partners's ten largest holdings make up 61% of its $14B portfolio in Q1 2025.
  • Independent Franchise Partners opened 1 new position and closed 1 in Q1 2025.
  • Independent Franchise Partners's portfolio value rose 5.3% quarter-over-quarter to $14B.

Based on Independent Franchise Partners's 13F filing for Q1 2025, filed 14 May 2025.