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
2023 Q1 (29 results)
NYT
NEW YORK TIMES CO-A
buy
+539,727
+1.24%
$38.88
38.25% $53.75
1.24%
RBA
RITCHIE BROS AUCTIONEERS
+96.70%
+480,428
+2.76%
$56.29
95.11% $109.83
0.00%
NTDOF
NINTENDO CO LTD
+30.74%
+413,200
+0.95%
$38.64
133.67% $90.30
4.03%
EBAY
EBAY INC
+7.92%
+51,902
+0.23%
$44.37
109.29% $92.86
3.13%
EA
ELECTRONIC ARTS INC
+7.40%
+37,505
+0.27%
$120.45
32.64% $159.77
3.89%
ICE
INTERCONTINENTAL EXCHANGE IN
+7.16%
+39,182
+0.24%
$104.29
80.70% $188.45
3.62%
CRM
SALESFORCECOM INC
+6.70%
+25,360
+0.30%
$199.78
26.30% $252.32
4.78%
NWSA
NEWS CORP - CLASS A
+6.62%
+211,072
+0.22%
$17.27
70.87% $29.51
3.48%
NWS
NEWS CORP - CLASS B
+0.13%
+1,918
+0.00%
$17.43
92.77% $33.60
1.49%
JNJ
JOHNSON & JOHNSON
-0.20%
-540
-0.00%
$155.00
10.35% $171.04
2.44%
Z
ZILLOW GROUP INC - C
-0.20%
-1,807
-0.01%
$44.47
88.10% $83.65
4.63%
WWE
WORLD WRESTLING ENTERTAIN-A
-0.20%
-1,550
-0.01%
$91.26
10.29% $100.65
4.12%
NVSEF
NOVARTIS AG-REG
-0.20%
-908
-0.01%
$91.55
21.67% $111.38
4.65%
SPGI
S&P GLOBAL INC
-0.20%
-272
-0.01%
$344.77
63.30% $563.02
2.73%
CTVA
CORTEVA INC
-0.20%
-980
-0.01%
$60.31
19.25% $71.92
3.22%
AON
AON PLC-CLASS A
-0.20%
-257
-0.01%
$315.29
14.31% $360.40
4.30%
ORCL
ORACLE CORP
-0.20%
-1,159
-0.01%
$92.92
171.77% $252.53
5.55%
PM
PHILIP MORRIS INTERNATIONAL
-0.20%
-1,929
-0.01%
$97.25
67.60% $162.99
5.46%
FOXA
FOX CORP - CLASS A
-0.20%
-2,582
-0.01%
$34.05
67.34% $56.98
4.19%
BKNG
BOOKING HOLDINGS INC
-0.20%
-72
-0.01%
$2,652.41
106.46% $5,476.09
5.56%
MSFT
MICROSOFT CORP
-0.20%
-362
-0.01%
$288.30
85.79% $535.64
3.03%
ZG
ZILLOW GROUP INC - A
-0.20%
-502
-0.00%
$43.70
83.96% $80.39
0.64%
BMY
BRISTOL-MYERS SQUIBB CO
-0.20%
-2,751
-0.01%
$69.31
34.50% $45.40
5.55%
BTAFF
BRITISH AMERICAN TOBACCO PLC
-0.20%
-3,138
-0.01%
$35.04
65.24% $57.90
3.20%
TRU
TRANSUNION
-0.20%
-1,536
-0.01%
$62.14
50.60% $93.58
2.78%
CFRHF
CIE FINANCIERE RICHEMO-A REG
-0.20%
-1,073
-0.01%
$159.46
2.39% $163.28
5.03%
GOOGL
ALPHABET INC-CL A
-43.18%
-203,430
-1.25%
$103.73
88.03% $195.04
1.65%
WU
WESTERN UNION CO
-100.00%
-1,901,270
-1.55%
$13.77
41.68% $8.03
0.00%
IAA
IAA INC
-100.00%
-1,372,085
-3.25%
$40.00
0.28% $39.89
0.00%
29 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.