Independent Franchise Partners
US Equity Fund
Independent Franchise Partners News Corp B stake
total: 60
US Equity Fund NWS trades
- Total transactions:
- 22
- New positions:
- 1
- Added:
- 8
- Reduced:
- 13
- Held since:
- 2019 Q3
- Held for:
- 27 quarters
- Latest activity:
- 2026 Q1
According to 2026 Q1 report, Independent Franchise Partners holds 668,280 News Corp B (NWS) shares with a market value of roughly $19.05M accounting for 1.29% of the overall portfolio. To date, the estimated cost basis is nearly $15.27 for "buy" trades and estimated average "sell" price is $23.49. US Equity Fund first purchased NWS in 2019 Q3, initially acquiring about 2.00M shares. Since the initial investment in News Corp B (NWS), US Equity Fund has made 21 more transactions.
When did Independent Franchise Partners buy News Corp B (NWS)?
Independent Franchise Partners first invested in News Corp B (NWS) in 2019 Q3 at the reported quarter-end price of $14.30 per share.
What's the cost basis of US Equity Fund's NWS stake?
The estimated cost basis for News Corp B (NWS) stake is around $15.27 per share. This represents their average reported price* across all buy transactions
Estimated cost basis*
- Weighted AVG buy price:
- $15.27
- Weighted AVG sell price:
- $23.49
Independent Franchise Partners's historical trades in News Corp B
22 results
| Period |
% of portfolio |
Shares held after* |
Reported price* |
Value* |
% (shares) of activity |
% change to portfolio |
|---|---|---|---|---|---|---|
|
2026 Q1
|
1.29%
|
668,280
|
$28.51
|
$19,052,663
|
+1.94% (+12,746)
|
+0.02%
|
|
2025 Q4
|
1.24%
|
655,534
|
$29.63
|
$19,423,472
|
-8.86% (-63,714)
|
-0.12%
|
|
2025 Q3
|
1.52%
|
719,248
|
$34.55
|
$24,850,018
|
+2.68% (+18,797)
|
+0.04%
|
|
2025 Q2
|
1.66%
|
700,451
|
$34.31
|
$24,032,474
|
-2.63% (-18,936)
|
-0.05%
|
|
2025 Q1
|
1.57%
|
719,387
|
$30.37
|
$21,847,783
|
+21.10% (+125,346)
|
+0.27%
|
|
2024 Q4
|
1.64%
|
594,041
|
$30.43
|
$18,076,668
|
-45.12% (-488,395)
|
-0.76%
|
|
2024 Q3
|
1.54%
|
1,082,436
|
$27.95
|
$30,254,086
|
-5.80% (-66,630)
|
-0.1%
|
|
2024 Q2
|
1.74%
|
1,149,066
|
$28.39
|
$32,621,984
|
-19.08% (-270,854)
|
-0.39%
|
|
2024 Q1
|
1.97%
|
1,419,920
|
$27.06
|
$38,423,035
|
-0.68% (-9,777)
|
-0.01%
|
|
2023 Q4
|
1.99%
|
1,429,697
|
$25.72
|
$36,771,807
|
-1.06% (-15,389)
|
-0.02%
|
|
2023 Q2
|
1.53%
|
$19.72
|
+0.32% (+4,649)
|
|||
|
2023 Q1
|
1.49%
|
$17.43
|
+0.13% (+1,918)
|
|||
|
2022 Q4
|
1.70%
|
$18.44
|
-2.89% (-42,783)
|
|||
|
2022 Q2
|
1.48%
|
$15.89
|
-1.88% (-28,401)
|
|||
|
2022 Q1
|
1.81%
|
$22.52
|
-5.49% (-87,707)
|
|||
|
2021 Q4
|
1.73%
|
$22.50
|
-0.06% (-1,013)
|
|||
|
2021 Q2
|
1.93%
|
$24.35
|
-0.15% (-2,423)
|
|||
|
2021 Q1
|
1.95%
|
$23.46
|
+2.20% (+34,443)
|
|||
|
2020 Q3
|
1.33%
|
$13.98
|
+1.60% (+24,654)
|
|||
|
2020 Q1
|
1.04%
|
$8.99
|
+8.55% (+121,458)
|
|||
|
2019 Q4
|
1.30%
|
$14.51
|
-28.82% (-575,078)
|
|||
|
2019 Q3
|
1.41%
|
$14.30
|
new
|
|||
* 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.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.