Independent Franchise Partners Holdings Activity

US Equity Fund Portfolio 13F

US Equity Fund has disclosed a total of 35 changes to the portfolio in the latest (2026 Q1) SEC report(s): increased the number of shares of 25, bought 1 totally new, decreased the number of shares of 6 and completely sold out 3 position(s).

What stocks is Independent Franchise Partners buying now?

In the recent quarter Independent Franchise Partners has bought 26 securities out of which top 5 purchases (by % change to portfolio) are (UMGNF) UNIVERSAL MUSIC GROUP NV (added shares +516.94%), (RBGPF) RECKITT BENCKISER GROUP PLC (new buy), (TRU) TRANSUNION (added shares +44.6%), (NTDOF) NINTENDO CO LTD (added shares +104.48%) and (CRM) SALESFORCECOM INC (added shares +53.08%).

What does Independent Franchise Partners invest in?

Independent Franchise Partners's top 5 holdings (by % of portfolio) are (BMY) BRISTOL-MYERS SQUIBB CO (6.51%), (WBD) WARNER BROS DISCOVERY INC (5.73%), (AON) AON PLC-CLASS A (4.67%), (SOLV) SOLVENTUM CORP (4.4%) and (LYV) LIVE NATION ENTERTAINMENT IN (4.32%).

In the latest report(s) the following changes have been made to the top investments: (BMY) BRISTOL-MYERS SQUIBB CO (added shares +2.43%), (WBD) WARNER BROS DISCOVERY INC (reduced shares -25.55%), (AON) AON PLC-CLASS A (added shares +29.22%), (SOLV) SOLVENTUM CORP (added shares +2.43%) and (LYV) LIVE NATION ENTERTAINMENT IN (added shares +2.6%).

2026 Q1 (35 results)
RBGPF
buy
+378,656
+1.74%
$67.86
-
1.74%
UMGNF
+516.94%
+2,068,524
+2.71%
$19.39
-
3.24%
NTDOF
+104.48%
+310,900
+1.20%
$57.06
18.98% $46.23
2.35%
CRM
+53.08%
+93,077
+1.18%
$186.67
2.11% $190.61
3.39%
RYAN
+45.00%
+310,390
+0.71%
$33.74
8.54% $30.86
2.28%
TRU
+44.60%
+258,555
+1.21%
$69.19
0.29% $69.39
3.92%
IT
+42.11%
+87,049
+0.93%
$158.34
4.05% $164.75
3.15%
ZG
+29.36%
+39,510
+0.11%
$41.39
14.01% $35.59
0.49%
AON
+29.22%
+48,323
+1.05%
$322.78
2.22% $315.60
4.67%
Z
+16.88%
+147,051
+0.41%
$41.38
-
2.85%
NWSA
+2.67%
+57,013
+0.10%
$24.93
4.49% $26.05
3.69%
LYV
+2.60%
+10,617
+0.11%
$152.51
7.70% $164.25
4.32%
ICE
+2.43%
+7,897
+0.08%
$157.28
-
3.54%
NVSEF
+2.43%
+8,115
+0.08%
$151.83
5.06% $144.14
3.51%
TKO
+2.43%
+3,849
+0.05%
$201.65
1.53% $198.57
2.21%
OTIS
+2.43%
+8,433
+0.04%
$77.08
9.29% $69.92
1.85%
WMG
+2.43%
+50,231
+0.09%
$25.54
15.19% $29.42
3.66%
KVUE
+2.43%
+85,219
+0.10%
$17.24
2.38% $16.83
4.19%
BMY
+2.43%
+37,624
+0.15%
$60.65
9.78% $54.72
6.51%
SOLV
+2.43%
+23,628
+0.10%
$65.30
20.00% $78.36
4.40%
BTAFF
+2.43%
+21,980
+0.09%
$58.25
4.14% $60.66
3.65%
ABNB
+2.43%
+7,789
+0.07%
$126.28
5.79% $133.59
2.80%
FOX
+2.43%
+7,783
+0.03%
$53.10
8.17% $57.44
1.18%
EBAY
+2.43%
+14,263
+0.09%
$91.02
19.56% $108.82
3.70%
UNLYF
+2.43%
+8,466
+0.03%
$56.36
-
1.36%
NWS
+1.94%
+12,746
+0.02%
$28.51
4.59% $29.82
1.29%
PM
-13.88%
-45,440
-0.51%
$165.34
6.41% $175.94
3.15%
EL
-14.18%
-74,241
-0.36%
$71.77
14.32% $82.05
2.18%
FOXA
-14.71%
-110,728
-0.44%
$58.40
10.07% $64.28
2.54%
WBD
-25.55%
-1,058,412
-1.97%
$27.46
1.68% $27.00
5.73%
JNJ
-29.99%
-105,485
-1.74%
$244.44
8.67% $223.24
4.07%
CTVA
-43.22%
-320,838
-1.82%
$83.71
7.06% $77.80
2.39%
MICC
-100.00%
-78,417
-0.08%
$16.00
4.49% $16.72
0.00%
RBA
-100.00%
-199,544
-1.39%
$102.87
-
0.00%
RBGPF
-100.00%
-385,079
-2.11%
$80.90
25.83% $60.01
0.00%
35 of 734

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.