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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
+3.45%
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
$15.7B
AUM Growth
+$554M
Cap. Flow
+$241M
Cap. Flow %
1.54%
Top 10 Hldgs %
55.63%
Holding
30
New
1
Increased
18
Reduced
8
Closed
3

Top Buys

Rank Stock Value
1
TRU icon
TransUnion
TRU
+$375M
2
KVUE icon
Kenvue
KVUE
+$284M
3
SOLV icon
Solventum
SOLV
+$188M
4
CRM icon
Salesforce
CRM
+$134M
5
ABNB icon
Airbnb
ABNB
+$122M

Top Sells

Rank Stock Value
1
EA icon
Electronic Arts
EA
+$551M
2
JNJ icon
Johnson & Johnson
JNJ
+$184M
3
RBA icon
RB Global
RBA
+$181M
4
FOXA icon
Fox Class A
FOXA
+$52.2M
5
ORCL icon
Oracle
ORCL
+$42.5M

Sector Composition

Rank Sector Weight
1 Communication Services 29.73%
2 Healthcare 19.7%
3 Financials 15.4%
4 Consumer Staples 14.4%
5 Consumer Discretionary 8.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SOLV icon
1
Solventum
SOLV
$15.2B
$1.22B 7.74%
15,355,691
+2,456,451
+19% +$188M
BMY icon
2
Bristol-Myers Squibb
BMY
$132B
$1.12B 7.14%
20,828,148
+204,797
+1% +$9.85M
IT icon
3
Gartner
IT
$10.1B
$835M 5.31%
3,308,566
+112,439
+4% +$27.1M
KVUE icon
4
Kenvue
KVUE
$37.2B
$831M 5.28%
48,146,476
+17,343,785
+56% +$284M
EL icon
5
Estee Lauder
EL
$31B
$821M 5.22%
7,837,249
+83,857
+1% +$8.14M
LYV icon
6
Live Nation Entertainment
LYV
$42B
$817M 5.2%
5,733,718
+193,104
+3% +$27.8M
TRU icon
7
TransUnion
TRU
$15.3B
$783M 4.98%
9,136,903
+4,561,619
+100% +$375M
ICE icon
8
Intercontinental Exchange
ICE
$85.6B
$783M 4.98%
4,831,853
+49,928
+1% +$7.82M
NWSA icon
9
News Corp Class A
NWSA
$15B
$782M 4.97%
29,934,048
+1,137,691
+4% +$29.8M
JNJ icon
10
Johnson & Johnson
JNJ
$608B
$757M 4.81%
3,656,329
-932,561
-20% -$184M
Z icon
11
Zillow
Z
$7.88B
$747M 4.75%
10,953,405
+94,569
+0.9% +$6.85M
AON icon
12
Aon
AON
$76.3B
$747M 4.75%
2,115,523
+19,037
+0.9% +$6.65M
FOXA icon
13
Fox Class A
FOXA
$24.9B
$714M 4.54%
9,777,519
-798,593
-8% -$52.2M
CTVA icon
14
Corteva
CTVA
$52.2B
$704M 4.47%
10,495,388
+107,434
+1% +$6.95M
ABNB icon
15
Airbnb
ABNB
$89.3B
$698M 4.44%
5,146,272
+981,624
+24% +$122M
EBAY icon
16
eBay
EBAY
$48.8B
$675M 4.29%
7,748,177
+384,570
+5% +$33.3M
PM icon
17
Philip Morris
PM
$295B
$613M 3.9%
3,823,728
+48,216
+1% +$7.47M
WMG icon
18
Warner Music
WMG
$13.4B
$402M 2.55%
13,096,205
-57,179
-0.4% -$1.75M
WBD icon
19
Warner Bros
WBD
$66B
$366M 2.33%
12,697,174
-409,958
-3% -$9.58M
FOX icon
20
Fox Class B
FOX
$22.1B
$336M 2.14%
5,174,660
+60,153
+1% +$3.51M
NWS icon
21
News Corp Class B
NWS
$17.1B
$271M 1.73%
9,161,455
-7,375
-0.1% -$220K
CRM icon
22
Salesforce
CRM
$154B
$143M 0.91%
+537,999
New +$134M
ZG icon
23
Zillow
ZG
$8.01B
$138M 0.88%
2,024,556
+21,862
+1% +$1.54M
RBA icon
24
RB Global
RBA
$20.8B
$118M 0.75%
1,151,798
-1,779,518
-61% -$181M
RYAN icon
25
Ryan Specialty Holdings
RYAN
$5.73B
$109M 0.69%
2,115,313
+415,560
+24% +$22.8M
1
2

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SSA
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FGP
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Independent Franchise Partners's Q4 2025 Portfolio in Review

As of Q4 2025, Independent Franchise Partners held 30 positions worth $15.7B, up 3.7% from $15.2B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Independent Franchise Partners's Q4 2025 filing shows 1 new, 18 increased, 8 reduced and 3 closed positions. Its largest new stake was Salesforce: 537,999 shares worth $143M. The largest sale was Electronic Arts, an estimated $551M.

By sector, the portfolio is most concentrated in Communication Services at 30% of assets, down from 36% a quarter earlier, followed by Healthcare and Financials.

  • Independent Franchise Partners's largest Q4 2025 buy was Salesforce: 537,999 shares worth $143M.
  • Independent Franchise Partners added most to TransUnion in Q4 2025, an estimated $375M increase.
  • Independent Franchise Partners's biggest Q4 2025 reduction was Johnson & Johnson, cutting an estimated $184M.
  • Independent Franchise Partners fully exited Electronic Arts in Q4 2025, selling an estimated $551M.
  • Independent Franchise Partners's ten largest holdings make up 56% of its $15.7B portfolio in Q4 2025.
  • Independent Franchise Partners opened 1 new position and closed 3 in Q4 2025.
  • Independent Franchise Partners's portfolio value rose 3.7% quarter-over-quarter to $15.7B.

Based on Independent Franchise Partners's 13F filing for Q4 2025, filed 17 Feb 2026.