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%).

2025 Q4 (38 results)
CRM
buy
+175,368
+2.96%
$264.91
28.05% $190.61
2.96%
MICC
buy
+78,417
+0.08%
$16.00
4.49% $16.72
0.00%
UNLYF
buy
+348,520
+1.45%
$65.46
-
1.45%
UMGNF
buy
+400,147
+0.67%
$26.12
-
0.67%
TRU
+39.70%
+164,754
+0.90%
$85.75
19.08% $69.39
3.17%
RYAN
+19.90%
+114,470
+0.38%
$51.63
40.23% $30.86
2.27%
ABNB
+12.37%
+35,284
+0.31%
$135.72
1.57% $133.59
2.77%
EBAY
+9.74%
+52,119
+0.29%
$87.10
24.94% $108.82
3.26%
KVUE
+7.95%
+258,238
+0.28%
$17.25
2.43% $16.83
3.86%
SOLV
+5.23%
+48,303
+0.24%
$79.24
1.11% $78.36
4.91%
NWSA
+2.51%
+52,176
+0.09%
$26.12
0.27% $26.05
3.55%
LYV
+2.00%
+8,016
+0.07%
$142.50
15.26% $164.25
3.71%
OTIS
-8.53%
-32,358
-0.18%
$87.35
19.95% $69.92
1.93%
PM
-8.53%
-30,514
-0.31%
$160.40
9.69% $175.94
3.35%
AON
-8.53%
-15,431
-0.35%
$352.88
10.56% $315.60
3.72%
BMY
-8.53%
-144,413
-0.50%
$53.94
1.45% $54.72
5.33%
ZG
-8.53%
-12,547
-0.05%
$68.23
47.84% $35.59
0.59%
WBD
-8.53%
-386,219
-0.71%
$28.82
6.32% $27.00
7.61%
CTVA
-8.53%
-69,199
-0.30%
$67.03
16.07% $77.80
3.17%
RBGPF
-8.53%
-35,904
-0.19%
$80.90
25.83% $60.01
0.00%
BTAFF
-8.53%
-84,369
-0.31%
$56.80
6.79% $60.66
3.28%
Z
-8.53%
-81,209
-0.35%
$68.22
-
3.79%
ICE
-8.53%
-30,305
-0.31%
$161.96
-
3.36%
EL
-8.53%
-48,818
-0.33%
$104.72
21.65% $82.05
3.50%
WMG
-8.53%
-192,805
-0.38%
$30.67
4.08% $29.42
4.04%
FOX
-8.53%
-29,871
-0.12%
$64.93
11.54% $57.44
1.33%
IT
-8.63%
-19,513
-0.31%
$252.28
34.70% $164.75
3.32%
JNJ
-8.73%
-33,639
-0.44%
$206.95
7.87% $223.24
4.64%
RBA
-8.73%
-19,086
-0.13%
$102.87
-
0.00%
NVSEF
-8.73%
-31,950
-0.28%
$138.37
4.17% $144.14
2.95%
NWS
-8.86%
-63,714
-0.12%
$29.63
0.64% $29.82
1.24%
TKO
-10.19%
-17,973
-0.24%
$209.00
4.99% $198.57
2.11%
NTDOF
-30.65%
-131,500
-0.57%
$67.64
31.65% $46.23
1.28%
FOXA
-33.36%
-376,947
-1.76%
$73.07
12.03% $64.28
3.51%
CFRHF
-100.00%
-159,240
-1.93%
$190.44
9.72% $208.96
0.00%
EA
-100.00%
-188,270
-2.42%
$201.70
0.46% $202.63
0.00%
ORCL
-100.00%
-78,676
-1.41%
$281.24
18.10% $230.33
0.00%
UNLYF
-100.00%
-428,643
-1.62%
$59.36
7.18% $55.10
0.00%
38 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.