Independent Franchise Partners recent buys & sells (2025 Q3)
US Equity Fund
US Equity Fund Portfolio Changes
Purchase & sale details
- Portfolio value:
- $1.64B (+$188M)
- Previous value:
- $1.45B
- # of changes:
- 33
- New positions:
- 4
- Reported for:
- 30 Sep 2025 (Q3)
- Latest filing date:
- 21 Nov 2025
US Equity Fund has disclosed a total of 33 changes to the portfolio in the (2025 Q3) SEC report(s): increased the number of shares of 20, bought 4 totally new and decreased the number of shares of 9 position(s).
What stocks did Independent Franchise Partners buy in 2025 Q3?
During 2025 Q3 Independent Franchise Partners has bought 24 securities out of which top 5 purchases (by % change to portfolio) were (WBD) Warner Bros Discovery Inc (added shares +5.22%), (ZG) Zillow Group Inc (added shares +5.22%), (WMG) Warner Music Group (added shares +5.22%), (BMY) Bristol-Myers Squibb Company (added shares +5.22%) and (FOXA) Fox Corp, CL-A (added shares +5.22%).
What did Independent Franchise Partners invest in during 2025 Q3?
In the 2025 Q3 report(s) the following changes have been made to the top investments: (WBD) Warner Bros Discovery Inc (added shares +5.22%), (ZG) Zillow Group Inc (added shares +5.22%), (WMG) Warner Music Group (added shares +5.22%), (BMY) Bristol-Myers Squibb Company (added shares +5.22%) and (JNJ) Johnson & Johnson (reduced shares -2.62%).
33 results
| History | Ticker | Name |
% or activity |
Shares change |
Shares held after* |
% change to portfolio |
Reported price* |
% difference current price* |
% of portfolio |
Held since* | Held for* |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Ryan Specialty Group Holdings Inc
|
new
|
+575,309
|
575,309
|
+1.98%
|
$56.36
|
-22.89%($43.46)
|
1.98%
|
2025 Q3
|
~0.25 years
|
|
|
|
Gartner Inc
|
new
|
+226,230
|
226,230
|
+3.63%
|
$262.87
|
-12.05%($231.20)
|
3.63%
|
2025 Q3
|
~0.25 years
|
|
|
|
AirbnbInc
|
new
|
+285,333
|
285,333
|
+2.11%
|
$121.42
|
+43.05%($173.69)
|
2.11%
|
2025 Q3
|
~0.25 years
|
|
|
|
Otis Worldwide Corp
|
new
|
+379,504
|
379,504
|
+2.12%
|
$91.43
|
-17.67%($75.27)
|
2.12%
|
2025 Q3
|
~0.25 years
|
|
|
|
Solventum Corp
|
+36.08%
|
+245,095
|
924,417
|
+1.09%
|
$73.00
|
+16.49%($85.04)
|
4.12%
|
2024 Q3
|
~1.25 years
|
|
|
|
Aon PLC
|
+23.89%
|
+34,865
|
180,804
|
+0.76%
|
$356.58
|
-15.09%($302.76)
|
3.93%
|
2020 Q3
|
~5.25 years
|
|
|
|
News Corp A
|
+8.73%
|
+167,106
|
2,081,918
|
+0.31%
|
$30.71
|
+0.83%($30.96)
|
3.90%
|
2019 Q3
|
~6.25 years
|
|
|
|
TransUnion
|
+6.95%
|
+26,957
|
414,960
|
+0.14%
|
$83.78
|
-2.29%($81.86)
|
2.12%
|
2022 Q1
|
~3.75 years
|
|
|
|
Nintendo Co Ltd
|
+6.93%
|
+27,800
|
429,070
|
+0.15%
|
$86.59
|
-35.64%($55.73)
|
2.27%
|
2019 Q3
|
~6.25 years
|
|
|
|
Reckitt Benckiser Group PLC
|
+5.22%
|
+20,891
|
420,983
|
+0.1%
|
$76.90
|
-8.78%($70.15)
|
1.98%
|
2024 Q1
|
~1.75 years
|
|
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
* Current price: this can be a delayed price and may not reflect the real-time market value, however it is too close.
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* Held since / Held for: calculated since the latest "new buy" position. If the security was previously exited and re-entered, only the most recent holding period is counted. 2013 Q2 is the earliest period we have data for, so "2013 Q2*" means "2013 Q2 or earlier".