Independent Franchise Partners Holdings Activity

US Equity Fund Portfolio 13F

US Equity Fund has disclosed a total of 31 changes to the portfolio in the latest (2025 Q1) SEC report(s): increased the number of shares of 26, bought 1 totally new, decreased the number of shares of 3 and completely sold out 1 position(s).

What stocks is Independent Franchise Partners buying now?

In the recent quarter Independent Franchise Partners has bought 27 securities out of which top 5 purchases (by % change to portfolio) are (KVUE) KENVUE INC (added shares +173.95%), (WBD) WARNER BROS DISCOVERY INC (new buy), (BMY) BRISTOL-MYERS SQUIBB CO (added shares +24.28%), (CTVA) CORTEVA INC (added shares +24.29%) and (LYV) LIVE NATION ENTERTAINMENT IN (added shares +34.88%).

What does Independent Franchise Partners invest in?

Independent Franchise Partners's top 5 holdings (by % of portfolio) are (KVUE) KENVUE INC (5.3%), (ICE) INTERCONTINENTAL EXCHANGE IN (5.2%), (BMY) BRISTOL-MYERS SQUIBB CO (5.05%), (CTVA) CORTEVA INC (5.05%) and (WMG) WARNER MUSIC GROUP CORP-CL A (4.82%).

In the latest report(s) the following changes have been made to the top investments: (KVUE) KENVUE INC (added shares +173.95%), (ICE) INTERCONTINENTAL EXCHANGE IN (added shares +16.75%), (BMY) BRISTOL-MYERS SQUIBB CO (added shares +24.28%), (CTVA) CORTEVA INC (added shares +24.29%) and (WMG) WARNER MUSIC GROUP CORP-CL A (added shares +16.75%).

History
Ticker
Stock
%
Activity
Share
Change
% change to
Portfolio
Reported
Price*
% difference
Current Price
% of
Portfolio
2025 Q1 (31 results)
WBD
WARNER BROS DISCOVERY INC
buy
+4,295,964
+3.30%
$10.73
1.96% $10.94
3.30%
KVUE
KENVUE INC
+173.95%
+1,957,740
+3.36%
$23.98
12.55% $20.97
5.30%
LYV
LIVE NATION ENTERTAINMENT IN
+34.88%
+98,177
+0.92%
$130.58
14.78% $149.88
3.55%
SOLV
SOLVENTUM CORP
+34.46%
+167,689
+0.91%
$76.04
2.43% $77.89
3.57%
NWSA
NEWS CORP - CLASS A
+25.68%
+343,749
+0.72%
$27.22
9.22% $29.73
3.51%
CTVA
CORTEVA INC
+24.29%
+217,602
+0.99%
$62.93
19.35% $75.11
5.05%
JNJ
JOHNSON & JOHNSON
+24.28%
+77,173
+0.92%
$165.84
5.98% $155.92
4.69%
ORCL
ORACLE CORP
+24.28%
+51,278
+0.51%
$139.81
56.61% $218.96
2.63%
EA
ELECTRONIC ARTS INC
+24.28%
+55,799
+0.58%
$144.52
10.06% $159.06
2.96%
AON
AON PLC-CLASS A
+24.28%
+13,363
+0.75%
$399.09
10.56% $356.93
3.84%
ZG
ZILLOW GROUP INC - A
+24.28%
+27,265
+0.13%
$66.86
3.86% $69.44
0.67%
EL
ESTEE LAUDER COMPANIES-CL A
+24.28%
+57,288
+0.50%
$66.00
28.95% $85.11
2.57%
BMY
BRISTOL-MYERS SQUIBB CO
+24.28%
+125,275
+0.99%
$60.99
22.10% $47.51
5.05%
TRU
TRANSUNION
+24.28%
+26,786
+0.16%
$82.99
8.33% $89.90
0.82%
Z
ZILLOW GROUP INC - C
+24.28%
+176,481
+0.87%
$68.56
4.29% $71.50
4.44%
NWS
NEWS CORP - CLASS B
+21.10%
+125,346
+0.27%
$30.37
13.30% $34.41
1.57%
EBAY
EBAY INC
+19.98%
+129,130
+0.63%
$67.73
12.36% $76.10
3.76%
NVSEF
NOVARTIS AG-REG
+16.75%
+62,091
+0.49%
$110.59
9.42% $121.01
3.43%
RBGPF
RECKITT BENCKISER GROUP PLC
+16.75%
+106,437
+0.52%
$67.56
1.62% $68.65
3.59%
CFRHF
CIE FINANCIERE RICHEMO-A REG
+16.75%
+21,681
+0.27%
$172.88
9.98% $190.14
1.87%
ICE
INTERCONTINENTAL EXCHANGE IN
+16.75%
+31,691
+0.75%
$172.50
5.43% $181.86
5.20%
UNLYF
UNILEVER PLC
+16.75%
+58,363
+0.25%
$59.51
1.79% $60.58
1.73%
BTAFF
BRITISH AMERICAN TOBACCO PLC
+16.75%
+76,775
+0.40%
$41.10
12.89% $46.40
2.77%
WMG
WARNER MUSIC GROUP CORP-CL A
+16.75%
+307,812
+0.69%
$31.35
11.23% $27.83
4.82%
NTDOF
NINTENDO CO LTD
+16.74%
+109,100
+0.53%
$67.40
37.69% $92.81
3.67%
FOX
FOX CORP - CLASS B
+15.74%
+45,177
+0.17%
$52.71
2.12% $51.59
1.25%
FOXA
FOX CORP - CLASS A
+3.76%
+40,968
+0.17%
$56.60
1.11% $55.97
4.59%
TKO
TKO GROUP HOLDINGS INC
-8.91%
-23,780
-0.27%
$152.81
14.92% $175.61
2.76%
PM
PHILIP MORRIS INTERNATIONAL
-22.67%
-103,113
-1.23%
$158.73
11.84% $177.53
4.21%
RBA
RB GLOBAL INC
-30.85%
-172,620
-1.27%
$100.30
5.55% $105.87
2.84%
AZPN
ASPEN TECHNOLOGY INC
-100.00%
-101,138
-2.89%
$249.63
5.89% $264.33
0.00%
31 of 597

Shares, change to shares, sold shares - 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.

Value or Price - If the security is completely sold out, we show the reported value (or price) prior to the actual period.