Independent Franchise Partners
US Equity Fund
US Equity Fund Portfolio 13F
Independent Franchise Partners Holdings Activity
- Portfolio value:
- $1.33B~ (-$151M~)
- Previous value:
- $1.48B~
- # of changes:
- 31
- New positions:
- 0
- Reported for:
- 30 Jun 2026 (Q2)
- Latest filing date:
- 28 Aug 2026
US Equity Fund has disclosed a total of 31 changes to the portfolio in the latest (2026 Q2) SEC report(s): increased the number of shares of 5 and decreased the number of shares of 26 position(s).
What stocks is Independent Franchise Partners buying now?
In the recent quarter Independent Franchise Partners has purchased 5 securities: (UMGNF) UNIVERSAL MUSIC GROUP NV (added shares +0.10%), (CRM) Salesforce.com Inc (added shares +19.35%), (OTIS) Otis Worldwide Corp (added shares +96.38%), (ICE) Intercontinental Exchange Inc (added shares +3.43%) and (IT) Gartner Inc (added shares +3.13%).
What does Independent Franchise Partners invest in?
In the latest report(s) the following changes have been made to the top investments: (BMY) Bristol-Myers Squibb Company (reduced shares -12.77%), (WBD) Warner Bros Discovery Inc (reduced shares -12.77%), (SOLV) Solventum Corp (reduced shares -12.77%), (LYV) Live Nation Entertainment Inc (reduced shares -12.77%) and (AON) Aon PLC (reduced shares -12.75%).
31 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* |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Otis Worldwide Corp
|
+96.38%
|
+342,718
|
698,297
|
+1.85%
|
$71.60
|
-0.98%($70.90)
|
3.77%
|
2025 Q3
|
~1.00 year
|
|
|
|
Salesforce.com Inc
|
+19.35%
|
+51,941
|
320,386
|
+0.61%
|
$156.66
|
+67.31%($262.10)
|
3.78%
|
2025 Q4
|
~0.75 years
|
|
|
|
Intercontinental Exchange Inc
|
+3.43%
|
+11,408
|
344,418
|
+0.11%
|
$123.11
|
+30.04%($160.09)
|
3.19%
|
2021 Q2
|
~5.25 years
|
|
|
|
Gartner Inc
|
+3.13%
|
+9,189
|
302,955
|
+0.09%
|
$129.62
|
+51.13%($195.90)
|
2.96%
|
2025 Q3
|
~1.00 year
|
|
|
|
UNIVERSAL MUSIC GROUP NV
|
+0.10%
|
+2,523
|
2,471,194
|
+0%
|
$20.94
|
-17.97%($17.18)
|
3.90%
|
2025 Q4
|
~0.75 years
|
|
|
|
Zillow Group Inc, CL-C
|
-5.01%
|
-59,777
|
1,132,333
|
-0.13%
|
$31.50
|
+8.39%($34.14)
|
2.69%
|
2021 Q4
|
~4.75 years
|
|
|
|
News Corp A
|
-11.21%
|
-245,538
|
1,945,569
|
-0.41%
|
$24.83
|
+24.63%($30.94)
|
3.64%
|
2019 Q3
|
~7.00 years
|
|
|
|
Johnson & Johnson
|
-12.75%
|
-31,391
|
214,832
|
-0.54%
|
$253.97
|
+5.71%($268.47)
|
4.11%
|
2019 Q3
|
~7.00 years
|
|
|
|
Aon PLC
|
-12.75%
|
-27,245
|
186,451
|
-0.61%
|
$331.69
|
-2.90%($322.06)
|
4.66%
|
2020 Q3
|
~6.00 years
|
|
|
|
Nintendo Co Ltd
|
-12.75%
|
-77,600
|
530,870
|
-0.22%
|
$41.91
|
+33.34%($55.89)
|
1.68%
|
2019 Q3
|
~7.00 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. 2013 Q2 is the earliest period we have data for, so "2013 Q2*" means "2013 Q2 or earlier".