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%).

History
Ticker
Stock
%
Activity
Share
Change
% change to
Portfolio
Reported
Price*
% difference
Current Price
% of
Portfolio
2021 Q3 (28 results)
RBA
RITCHIE BROS AUCTIONEERS
buy
+1,182,932
+3.65%
$61.66
65.72% $102.18
3.65%
ICE
INTERCONTINENTAL EXCHANGE IN
+29.81%
+146,879
+0.84%
$114.82
-
3.67%
IAA
IAA INC
+9.31%
+111,163
+0.30%
$54.57
-
3.56%
NTDOF
NINTENDO CO LTD
-1.87%
-2,300
-0.06%
$487.98
90.53% $46.23
2.94%
GOOGL
ALPHABET INC-CL A
-1.89%
-12,360
-0.08%
$133.68
168.55% $358.99
4.30%
WWE
WORLD WRESTLING ENTERTAIN-A
-1.90%
-17,185
-0.05%
$56.26
-
2.50%
TMX
TERMINIX GLOBAL HOLDINGS INC
-1.90%
-17,015
-0.04%
$41.67
-
1.83%
FOXA
FOX CORP - CLASS A
-1.90%
-47,196
-0.09%
$40.11
60.26% $64.28
4.89%
BKNG
BOOKING HOLDINGS INC
-1.90%
-802
-0.10%
$2,373.87
93.06% $164.78
4.92%
AON
AON PLC-CLASS A
-1.90%
-7,649
-0.11%
$285.77
10.44% $315.60
5.64%
MO
ALTRIA GROUP INC
-1.90%
-15,727
-0.04%
$45.52
54.44% $70.30
1.85%
ALC
ALCON INC
-1.90%
-17,179
-0.07%
$81.59
21.28% $64.23
3.62%
NVSEF
NOVARTIS AG-REG
-1.90%
-14,814
-0.06%
$82.44
74.84% $144.14
3.15%
BTAFF
BRITISH AMERICAN TOBACCO PLC
-1.90%
-34,983
-0.06%
$35.09
72.89% $60.66
3.17%
CTVA
CORTEVA INC
-1.90%
-37,732
-0.08%
$42.08
84.89% $77.80
4.10%
EA
ELECTRONIC ARTS INC
-1.90%
-8,139
-0.06%
$142.25
42.45% $202.63
2.99%
PM
PHILIP MORRIS INTERNATIONAL
-1.90%
-26,201
-0.12%
$94.79
85.61% $175.94
6.41%
BMY
BRISTOL-MYERS SQUIBB CO
-1.90%
-28,972
-0.09%
$59.17
7.52% $54.72
4.42%
CME
CME GROUP INC
-1.90%
-3,905
-0.04%
$193.38
30.64% $252.64
1.95%
SPGI
S&P GLOBAL INC
-1.90%
-3,027
-0.06%
$424.89
2.97% $412.29
3.32%
WU
WESTERN UNION CO
-1.90%
-43,079
-0.04%
$20.22
60.93% $7.90
2.25%
ORCL
ORACLE CORP
-1.90%
-18,296
-0.08%
$87.13
164.35% $230.33
4.12%
JNJ
JOHNSON & JOHNSON
-1.90%
-9,544
-0.08%
$161.50
38.23% $223.24
3.98%
NWSA
NEWS CORP - CLASS A
-2.63%
-103,271
-0.12%
$23.53
10.71% $26.05
4.51%
MSFT
MICROSOFT CORP
-20.24%
-69,171
-0.98%
$281.92
51.58% $427.34
3.84%
EBAY
EBAY INC
-26.18%
-268,828
-0.94%
$69.67
56.19% $108.82
2.64%
AAPL
APPLE INC
-26.40%
-97,475
-0.69%
$141.50
119.27% $310.26
0.00%
ACN
ACCENTURE PLC-CL A
-40.04%
-83,711
-1.34%
$319.92
44.54% $177.43
2.01%
28 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.