Independent Franchise Partners Holdings Activity

US Equity Fund Portfolio 13F

US Equity Fund has disclosed a total of 31 changes to the portfolio in the latest (2025 Q1) SEC report(s): increased the number of shares of 26, bought 1 totally new, decreased the number of shares of 3 and completely sold out 1 position(s).

What stocks is Independent Franchise Partners buying now?

In the recent quarter Independent Franchise Partners has bought 27 securities out of which top 5 purchases (by % change to portfolio) are (KVUE) KENVUE INC (added shares +173.95%), (WBD) WARNER BROS DISCOVERY INC (new buy), (BMY) BRISTOL-MYERS SQUIBB CO (added shares +24.28%), (CTVA) CORTEVA INC (added shares +24.29%) and (LYV) LIVE NATION ENTERTAINMENT IN (added shares +34.88%).

What does Independent Franchise Partners invest in?

Independent Franchise Partners's top 5 holdings (by % of portfolio) are (KVUE) KENVUE INC (5.3%), (ICE) INTERCONTINENTAL EXCHANGE IN (5.2%), (BMY) BRISTOL-MYERS SQUIBB CO (5.05%), (CTVA) CORTEVA INC (5.05%) and (WMG) WARNER MUSIC GROUP CORP-CL A (4.82%).

In the latest report(s) the following changes have been made to the top investments: (KVUE) KENVUE INC (added shares +173.95%), (ICE) INTERCONTINENTAL EXCHANGE IN (added shares +16.75%), (BMY) BRISTOL-MYERS SQUIBB CO (added shares +24.28%), (CTVA) CORTEVA INC (added shares +24.29%) and (WMG) WARNER MUSIC GROUP CORP-CL A (added shares +16.75%).

History
Ticker
Stock
%
Activity
Share
Change
% change to
Portfolio
Reported
Price*
% difference
Current Price
% of
Portfolio
2024 Q2 (30 results)
UNLYF
UNILEVER PLC
buy
+680,040
+1.99%
$54.92
12.82% $61.96
1.99%
WMG
WARNER MUSIC GROUP CORP-CL A
buy
+2,802,577
+4.57%
$30.65
4.89% $29.15
4.57%
EL
ESTEE LAUDER COMPANIES-CL A
+44.06%
+127,877
+0.72%
$106.40
13.10% $92.46
2.37%
FOX
FOX CORP - CLASS B
+19.12%
+88,820
+0.15%
$32.02
61.15% $51.60
0.94%
ORCL
ORACLE CORP
+7.34%
+48,255
+0.36%
$141.20
77.85% $251.12
5.30%
FOXA
FOX CORP - CLASS A
+5.56%
+103,326
+0.22%
$34.37
64.39% $56.50
4.15%
ZG
ZILLOW GROUP INC - A
-4.30%
-7,970
-0.03%
$45.04
77.00% $79.72
0.56%
TKO
TKO GROUP HOLDINGS INC
-4.30%
-28,551
-0.21%
$107.99
54.16% $166.48
4.71%
EBAY
EBAY INC
-4.30%
-43,039
-0.14%
$53.72
72.97% $92.92
3.22%
NVSEF
NOVARTIS AG-REG
-4.30%
-29,119
-0.17%
$107.04
3.46% $110.74
3.69%
EA
ELECTRONIC ARTS INC
-4.30%
-23,203
-0.17%
$139.33
13.74% $158.48
3.83%
NTDOF
NINTENDO CO LTD
-4.30%
-57,100
-0.16%
$53.18
65.91% $88.23
3.60%
BTAFF
BRITISH AMERICAN TOBACCO PLC
-4.30%
-84,241
-0.14%
$30.72
79.21% $55.05
3.07%
BMY
BRISTOL-MYERS SQUIBB CO
-4.31%
-80,598
-0.18%
$41.53
6.16% $44.09
3.95%
RBGPF
RECKITT BENCKISER GROUP PLC
-4.31%
-45,037
-0.13%
$54.13
38.56% $75.00
2.88%
AON
AON PLC-CLASS A
-4.31%
-11,286
-0.22%
$293.58
20.69% $354.31
4.86%
JNJ
JOHNSON & JOHNSON
-4.31%
-19,982
-0.19%
$146.16
14.96% $168.03
4.13%
PM
PHILIP MORRIS INTERNATIONAL
-4.34%
-50,297
-0.27%
$101.33
60.86% $163.00
5.97%
NYT
NEW YORK TIMES CO-A
-4.41%
-17,246
-0.05%
$51.21
4.41% $53.47
0.00%
AZPN
ASPEN TECHNOLOGY INC
-4.41%
-12,345
-0.13%
$198.63
33.08% $264.33
2.83%
ICE
INTERCONTINENTAL EXCHANGE IN
-4.82%
-28,346
-0.25%
$136.89
35.84% $185.95
4.97%
Z
ZILLOW GROUP INC - C
-6.73%
-87,823
-0.30%
$46.39
78.44% $82.78
4.12%
CTVA
CORTEVA INC
-15.26%
-263,392
-0.76%
$53.94
33.04% $71.76
4.20%
RBA
RB GLOBAL INC
-17.75%
-247,282
-1.27%
$76.36
42.98% $109.18
5.89%
NWS
NEWS CORP - CLASS B
-19.08%
-270,854
-0.41%
$28.39
18.35% $33.60
1.74%
NWSA
NEWS CORP - CLASS A
-20.29%
-689,473
-1.01%
$27.57
6.64% $29.40
3.97%
CFRHF
CIE FINANCIERE RICHEMO-A REG
-21.41%
-78,711
-0.65%
$156.10
5.06% $164.00
2.40%
BKNG
BOOKING HOLDINGS INC
-41.27%
-9,613
-2.03%
$3,961.50
36.62% $5,412.33
0.00%
PKI
PERKINELMER INC
-42.47%
-71,120
-0.53%
$104.86
9.90% $115.24
0.00%
TRU
TRANSUNION
-58.42%
-533,132
-2.10%
$74.16
26.25% $93.63
1.50%
30 of 597

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.