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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
+2.84%
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
$15.2B
AUM Growth
+$138M
Cap. Flow
-$407M
Cap. Flow %
-2.69%
Top 10 Hldgs %
55.67%
Holding
29
New
4
Increased
4
Reduced
21
Closed
–

Top Buys

Rank Stock Value
1
IT icon
Gartner
IT
+$932M
2
ABNB icon
Airbnb
ABNB
+$539M
3
AON icon
Aon
AON
+$223M
4
SOLV icon
Solventum
SOLV
+$202M
5
RYAN icon
Ryan Specialty Holdings
RYAN
+$101M

Top Sells

Rank Stock Value
1
ORCL icon
Oracle
ORCL
+$870M
2
TKO icon
TKO Group
TKO
+$472M
3
RBA icon
RB Global
RBA
+$310M
4
ICE icon
Intercontinental Exchange
ICE
+$236M
5
CTVA icon
Corteva
CTVA
+$218M

Sector Composition

Rank Sector Weight
1 Communication Services 35.74%
2 Healthcare 17.95%
3 Financials 13.4%
4 Consumer Staples 11.84%
5 Consumer Discretionary 7.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SOLV icon
1
Solventum
SOLV
$15.2B
$942M 6.21%
12,899,240
+2,758,174
+27% +$202M
BMY icon
2
Bristol-Myers Squibb
BMY
$132B
$930M 6.13%
20,623,351
-353,603
-2% -$16.5M
LYV icon
3
Live Nation Entertainment
LYV
$42B
$905M 5.97%
5,540,614
-99,692
-2% -$15.8M
NWSA icon
4
News Corp Class A
NWSA
$15.1B
$884M 5.83%
28,796,357
-374,174
-1% -$11.1M
JNJ icon
5
Johnson & Johnson
JNJ
$608B
$851M 5.61%
4,588,890
-655,248
-12% -$112M
IT icon
6
Gartner
IT
$10.2B
$840M 5.54%
+3,196,127
New +$932M
Z icon
7
Zillow
Z
$8B
$837M 5.52%
10,858,836
-181,085
-2% -$14.8M
ICE icon
8
Intercontinental Exchange
ICE
$85B
$806M 5.31%
4,781,925
-1,323,410
-22% -$236M
AON icon
9
Aon
AON
$75.7B
$748M 4.93%
2,096,486
+615,570
+42% +$223M
CTVA icon
10
Corteva
CTVA
$51.6B
$703M 4.63%
10,387,954
-3,007,521
-22% -$218M
EL icon
11
Estee Lauder
EL
$30.4B
$683M 4.5%
7,753,392
-138,645
-2% -$12.3M
EBAY icon
12
eBay
EBAY
$47.8B
$670M 4.41%
7,363,607
-750,082
-9% -$66.3M
FOXA icon
13
Fox Class A
FOXA
$24.7B
$667M 4.4%
10,576,112
-160,080
-1% -$9.26M
PM icon
14
Philip Morris
PM
$294B
$612M 4.04%
3,775,512
-39,383
-1% -$6.63M
EA icon
15
Electronic Arts
EA
$53B
$551M 3.63%
2,733,751
-681,378
-20% -$113M
ABNB icon
16
Airbnb
ABNB
$89.8B
$506M 3.33%
+4,164,648
New +$539M
KVUE icon
17
Kenvue
KVUE
$36.8B
$500M 3.3%
30,802,691
-462,883
-1% -$9.45M
WMG icon
18
Warner Music
WMG
$13.3B
$448M 2.95%
13,153,384
-126,801
-1% -$4.04M
TRU icon
19
TransUnion
TRU
$15.3B
$383M 2.53%
4,575,284
-71,619
-2% -$6.5M
RBA icon
20
RB Global
RBA
$20.8B
$318M 2.09%
2,931,316
-2,766,665
-49% -$310M
NWS icon
21
News Corp Class B
NWS
$17.2B
$317M 2.09%
9,168,830
-255,098
-3% -$8.61M
FOX icon
22
Fox Class B
FOX
$22B
$293M 1.93%
5,114,507
-93,538
-2% -$4.94M
WBD icon
23
Warner Bros
WBD
$65.6B
$256M 1.69%
13,107,132
+69,208
+0.5% +$943K
ZG icon
24
Zillow
ZG
$8.15B
$149M 0.98%
2,002,694
-35,823
-2% -$2.82M
TKO icon
25
TKO Group
TKO
$13.9B
$114M 0.75%
563,116
-2,582,975
-82% -$472M
1
2

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Independent Franchise Partners's Q3 2025 Portfolio in Review

As of Q3 2025, Independent Franchise Partners held 29 positions worth $15.2B, up 0.92% from $15B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Independent Franchise Partners's Q3 2025 filing shows 4 new, 4 increased and 21 reduced positions. Its largest new stake was Gartner: 3,196,127 shares worth $840M. The largest sale was Oracle, an estimated $870M.

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

  • Independent Franchise Partners's largest Q3 2025 buy was Gartner: 3,196,127 shares worth $840M.
  • Independent Franchise Partners added most to Aon in Q3 2025, an estimated $223M increase.
  • Independent Franchise Partners's biggest Q3 2025 reduction was Oracle, cutting an estimated $870M.
  • Independent Franchise Partners's ten largest holdings make up 56% of its $15.2B portfolio in Q3 2025.
  • Independent Franchise Partners opened 4 new positions and closed 0 in Q3 2025.
  • Independent Franchise Partners's portfolio value rose 0.92% quarter-over-quarter to $15.2B.

Based on Independent Franchise Partners's 13F filing for Q3 2025, filed 14 Nov 2025.