Independent Franchise Partners
US Equity Fund
US Equity Fund Portfolio 13F
Independent Franchise Partners Holdings Activity
- Portfolio value:
- $1.57B≈ (-$70M≈)
- Previous value:
- $1.64B≈
- # of changes:
- 36
- New positions:
- 3
- Reported for:
- 31 Dec 2025 (Q4)
- Latest filing date:
- 26 Feb 2026
US Equity Fund has disclosed a total of 36 changes to the portfolio in the (2025 Q4) SEC report(s): increased the number of shares of 8, bought 3 totally new, decreased the number of shares of 22 and completely sold out 3 position(s).
What stocks did Independent Franchise Partners buy in 2025 Q4?
During 2025 Q4 Independent Franchise Partners has bought 11 securities out of which top 5 purchases (by % change to portfolio) were (SOLV) Solventum Corp (added shares +5.23%), (KVUE) Kenvue Inc (added shares +7.95%), (LYV) Live Nation Entertainment Inc (added shares +2.00%), (NWSA) News Corp A (added shares +2.51%) and (EBAY) eBay Inc (added shares +9.74%).
What did Independent Franchise Partners invest in during 2025 Q4?
In the 2025 Q4 report(s) the following changes have been made to the top investments: (WBD) Warner Bros Discovery Inc (reduced shares -8.53%), (BMY) Bristol-Myers Squibb Company (reduced shares -8.53%), (SOLV) Solventum Corp (added shares +5.23%), (JNJ) Johnson & Johnson (reduced shares -8.73%) and (ZG) Zillow Group Inc (reduced shares -8.53%).
36 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* |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Salesforce.com Inc
|
new
|
+175,368
|
175,368
|
+2.96%
|
$264.91
|
-30.93%($182.97)
|
2.96%
|
2025 Q4
|
≈ 0.25 years
|
|
|
|
UNIVERSAL MUSIC GROUP NV
|
new
|
+400,147
|
400,147
|
+0.67%
|
$26.12
|
-35.23%($16.92)
|
0.67%
|
2025 Q4
|
≈ 0.25 years
|
|
|
|
The Magnum Ice Cream Company N.V
|
new
|
+78,417
|
78,417
|
+0.08%
|
$16.00
|
+16.05%($18.57)
|
0.08%
|
2025 Q4
|
≈ 0.25 years
|
|
|
|
TransUnion
|
+39.70%
|
+164,754
|
579,714
|
+0.9%
|
$85.75
|
-7.99%($78.90)
|
3.17%
|
2022 Q1
|
≈ 4.00 years
|
|
|
|
Ryan Specialty Group Holdings Inc
|
+19.90%
|
+114,470
|
689,779
|
+0.38%
|
$51.63
|
-13.23%($44.80)
|
2.27%
|
2025 Q3
|
≈ 0.50 years
|
|
|
|
AirbnbInc
|
+12.37%
|
+35,284
|
320,617
|
+0.31%
|
$135.72
|
+11.66%($151.54)
|
2.77%
|
2025 Q3
|
≈ 0.50 years
|
|
|
|
eBay Inc
|
+9.74%
|
+52,119
|
587,113
|
+0.29%
|
$87.10
|
+30.71%($113.84)
|
3.26%
|
2019 Q3
|
≈ 6.50 years
|
|
|
|
Kenvue Inc
|
+7.95%
|
+258,238
|
3,508,308
|
+0.28%
|
$17.25
|
+11.74%($19.28)
|
3.86%
|
2024 Q3
|
≈ 1.50 years
|
|
|
|
Solventum Corp
|
+5.23%
|
+48,303
|
972,720
|
+0.24%
|
$79.24
|
+7.74%($85.37)
|
4.91%
|
2024 Q3
|
≈ 1.50 years
|
|
|
|
News Corp A
|
+2.51%
|
+52,176
|
2,134,094
|
+0.09%
|
$26.12
|
+6.13%($27.72)
|
3.55%
|
2019 Q3
|
≈ 6.50 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.