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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
+6.77%
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
$15B
AUM Growth
+$1.01B
Cap. Flow
+$269M
Cap. Flow %
1.79%
Top 10 Hldgs %
57.4%
Holding
25
New
–
Increased
5
Reduced
20
Closed
–

Top Buys

Rank Stock Value
1
KVUE icon
Kenvue
KVUE
+$498M
2
SOLV icon
Solventum
SOLV
+$306M
3
TRU icon
TransUnion
TRU
+$211M
4
BMY icon
Bristol-Myers Squibb
BMY
+$176M
5
NWSA icon
News Corp Class A
NWSA
+$54.5M

Top Sells

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$253M
2
CTVA icon
Corteva
CTVA
+$226M
3
FOXA icon
Fox Class A
FOXA
+$114M
4
ORCL icon
Oracle
ORCL
+$102M
5
PM icon
Philip Morris
PM
+$92.5M

Sector Composition

Rank Sector Weight
1 Communication Services 36.3%
2 Healthcare 16.91%
3 Financials 13.69%
4 Consumer Staples 13.22%
5 Materials 6.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ICE icon
1
Intercontinental Exchange
ICE
$85.5B
$1.12B 7.45%
6,105,335
-87,089
-1% -$15M
CTVA icon
2
Corteva
CTVA
$53.9B
$998M 6.64%
13,395,475
-3,389,825
-20% -$226M
BMY icon
3
Bristol-Myers Squibb
BMY
$133B
$971M 6.46%
20,976,954
+3,583,163
+21% +$176M
NWSA icon
4
News Corp Class A
NWSA
$15B
$867M 5.77%
29,170,531
+1,980,941
+7% +$54.5M
LYV icon
5
Live Nation Entertainment
LYV
$40.3B
$853M 5.68%
5,640,306
-58,254
-1% -$8.02M
JNJ icon
6
Johnson & Johnson
JNJ
$622B
$801M 5.33%
5,244,138
-58,398
-1% -$8.98M
ORCL icon
7
Oracle
ORCL
$370B
$780M 5.19%
3,568,470
-630,463
-15% -$102M
Z icon
8
Zillow
Z
$7.81B
$773M 5.14%
11,039,921
-113,776
-1% -$7.67M
SOLV icon
9
Solventum
SOLV
$14.8B
$769M 5.12%
10,141,066
+4,320,342
+74% +$306M
PM icon
10
Philip Morris
PM
$298B
$695M 4.62%
3,814,895
-538,636
-12% -$92.5M
KVUE icon
11
Kenvue
KVUE
$37.1B
$654M 4.35%
31,265,574
+21,886,537
+233% +$498M
EL icon
12
Estee Lauder
EL
$30.6B
$638M 4.24%
7,892,037
-84,397
-1% -$5.43M
RBA icon
13
RB Global
RBA
$20.4B
$605M 4.03%
5,697,981
-47,859
-0.8% -$4.91M
EBAY icon
14
eBay
EBAY
$50.8B
$604M 4.02%
8,113,689
-3,575,578
-31% -$253M
FOXA icon
15
Fox Class A
FOXA
$24.5B
$602M 4%
10,736,192
-2,152,468
-17% -$114M
TKO icon
16
TKO Group
TKO
$13.6B
$572M 3.81%
3,146,091
-32,191
-1% -$5.17M
EA icon
17
Electronic Arts
EA
$53B
$545M 3.63%
3,415,129
-530,573
-13% -$78.5M
AON icon
18
Aon
AON
$77.2B
$528M 3.51%
1,480,916
-102,305
-6% -$37.1M
TRU icon
19
TransUnion
TRU
$15.1B
$409M 2.72%
4,646,903
+2,530,335
+120% +$211M
WMG icon
20
Warner Music
WMG
$13.6B
$362M 2.41%
13,280,185
-98,679
-0.7% -$2.75M
NWS icon
21
News Corp Class B
NWS
$17B
$323M 2.15%
9,423,928
-304,644
-3% -$9.65M
FOX icon
22
Fox Class B
FOX
$21.8B
$269M 1.79%
5,208,045
-52,870
-1% -$2.57M
WBD icon
23
Warner Bros
WBD
$65.8B
$149M 0.99%
13,037,924
-30,451
-0.2% -$284K
ZG icon
24
Zillow
ZG
$7.94B
$140M 0.93%
2,038,517
-21,882
-1% -$1.45M
RTO icon
25
Rentokil
RTO
$11.7B
$2.45M 0.02%
102,155
-65,846
-39% -$1.53M

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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
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Polen Capital Management
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X
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CM
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Independent Franchise Partners's Q2 2025 Portfolio in Review

As of Q2 2025, Independent Franchise Partners held 25 positions worth $15B, up 7.2% from $14B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Trading was light in Q2 2025: portfolio turnover was 0%. Independent Franchise Partners opened no new positions and made no exits, leaving the 25-position portfolio largely intact.

By sector, the portfolio is most concentrated in Communication Services at 36% of assets, down from 38% a quarter earlier, followed by Healthcare and Financials.

  • Independent Franchise Partners added most to Kenvue in Q2 2025, an estimated $498M increase.
  • Independent Franchise Partners's biggest Q2 2025 reduction was eBay, cutting an estimated $253M.
  • Independent Franchise Partners's ten largest holdings make up 57% of its $15B portfolio in Q2 2025.
  • Independent Franchise Partners opened 0 new positions and closed 0 in Q2 2025.
  • Independent Franchise Partners's portfolio value rose 7.2% quarter-over-quarter to $15B.

Based on Independent Franchise Partners's 13F filing for Q2 2025, filed 13 Aug 2025.