Independent Franchise Partners
US Equity Fund
US Equity Fund Portfolio 13F
Independent Franchise Partners Holdings Activity
- Portfolio value:
- $1.10B≈ (-$862M≈)
- Previous value:
- $1.96B≈
- # of changes:
- 29
- New positions:
- 0
- Reported for:
- 31 Dec 2024 (Q4)
- Latest filing date:
- 27 Feb 2025
US Equity Fund has disclosed a total of 29 changes to the portfolio in the (2024 Q4) SEC report(s): increased the number of shares of 2 and decreased the number of shares of 27 position(s).
What did Independent Franchise Partners invest in during 2024 Q4?
In the 2024 Q4 report(s) the following changes have been made to the top investments: (ZG) Zillow Group Inc (reduced shares -53.91%), (PM) Philip Morris International Inc (reduced shares -54.85%), (WMG) Warner Music Group (reduced shares -31.50%), (ICE) Intercontinental Exchange Inc (reduced shares -45.12%) and (FOXA) Fox Corp, CL-A (reduced shares -48.23%).
29 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* |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Live Nation Entertainment Inc
|
+75.56%
|
+121,129
|
281,432
|
+1.43%
|
$129.50
|
+34.39%($174.04)
|
3.31%
|
2024 Q3
|
≈ 0.50 years
|
|
|
|
Solventum Corp
|
+20.19%
|
+81,754
|
486,630
|
+0.49%
|
$66.06
|
+29.23%($85.37)
|
2.92%
|
2024 Q3
|
≈ 0.50 years
|
|
|
|
Estee Lauder Companies Inc
|
-30.97%
|
-196,021
|
436,919
|
-0.75%
|
$74.98
|
+12.57%($84.40)
|
2.98%
|
2023 Q3
|
≈ 1.50 years
|
|
|
|
Warner Music Group
|
-31.50%
|
-845,266
|
1,837,842
|
-1.34%
|
$31.00
|
-15.45%($26.21)
|
5.18%
|
2024 Q2
|
≈ 0.75 years
|
|
|
|
eBay Inc
|
-34.70%
|
-343,495
|
646,337
|
-1.08%
|
$61.95
|
+83.77%($113.84)
|
3.64%
|
2019 Q3
|
≈ 5.50 years
|
|
|
|
Corteva Inc
|
-35.72%
|
-500,299
|
900,435
|
-1.45%
|
$56.96
|
+40.95%($80.28)
|
4.66%
|
2019 Q4
|
≈ 5.25 years
|
|
|
|
Johnson & Johnson
|
-37.46%
|
-190,384
|
317,832
|
-1.4%
|
$144.62
|
+78.30%($257.86)
|
4.18%
|
2019 Q3
|
≈ 5.50 years
|
|
|
|
Novartis AG
|
-38.79%
|
-234,968
|
370,728
|
-1.17%
|
$97.74
|
+62.19%($158.52)
|
3.30%
|
2019 Q3
|
≈ 5.50 years
|
|
|
|
Reckitt Benckiser Group PLC
|
-38.80%
|
-402,942
|
635,501
|
-1.24%
|
$60.50
|
+14.39%($69.21)
|
3.50%
|
2024 Q1
|
≈ 1.00 year
|
|
|
|
TransUnion
|
-44.90%
|
-89,879
|
110,319
|
-0.42%
|
$92.71
|
-14.90%($78.90)
|
0.93%
|
2022 Q1
|
≈ 3.00 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.