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)
UMGNF
buy
+400,147
+0.67%
$26.12
-
0.67%
CRM
buy
+175,368
+2.96%
$264.91
29.92% $185.66
2.96%
MICC
buy
+78,417
+0.08%
$16.00
6.68% $17.07
0.00%
UNLYF
buy
+348,520
+1.45%
$65.46
-
1.45%
TRU
+39.70%
+164,754
+0.90%
$85.75
17.60% $70.66
3.17%
RYAN
+19.90%
+114,470
+0.38%
$51.63
36.94% $32.56
2.27%
ABNB
+12.37%
+35,284
+0.31%
$135.72
1.61% $133.54
2.77%
EBAY
+9.74%
+52,119
+0.29%
$87.10
25.55% $109.35
3.26%
KVUE
+7.95%
+258,238
+0.28%
$17.25
2.67% $17.71
3.86%
SOLV
+5.23%
+48,303
+0.24%
$79.24
2.23% $81.01
4.91%
NWSA
+2.51%
+52,176
+0.09%
$26.12
4.36% $27.26
3.55%
LYV
+2.00%
+8,016
+0.07%
$142.50
12.33% $160.07
3.71%
WMG
-8.53%
-192,805
-0.38%
$30.67
2.41% $29.93
4.04%
FOX
-8.53%
-29,871
-0.12%
$64.93
7.78% $59.88
1.33%
BMY
-8.53%
-144,413
-0.50%
$53.94
6.17% $57.27
5.33%
OTIS
-8.53%
-32,358
-0.18%
$87.35
19.47% $70.34
1.93%
PM
-8.53%
-30,514
-0.31%
$160.40
11.15% $178.29
3.35%
AON
-8.53%
-15,431
-0.35%
$352.88
6.90% $328.53
3.72%
ZG
-8.53%
-12,547
-0.05%
$68.23
48.13% $35.39
0.59%
WBD
-8.53%
-386,219
-0.71%
$28.82
8.95% $26.24
7.61%
CTVA
-8.53%
-69,199
-0.30%
$67.03
14.92% $77.03
3.17%
RBGPF
-8.53%
-35,904
-0.19%
$80.90
25.15% $60.56
0.00%
BTAFF
-8.53%
-84,369
-0.31%
$56.80
8.89% $61.85
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
20.27% $83.49
3.50%
IT
-8.63%
-19,513
-0.31%
$252.28
34.97% $164.05
3.32%
RBA
-8.73%
-19,086
-0.13%
$102.87
-
0.00%
NVSEF
-8.73%
-31,950
-0.28%
$138.37
7.54% $148.80
2.95%
JNJ
-8.73%
-33,639
-0.44%
$206.95
12.48% $232.77
4.64%
NWS
-8.86%
-63,714
-0.12%
$29.63
5.26% $31.19
1.24%
TKO
-10.19%
-17,973
-0.24%
$209.00
2.64% $203.49
2.11%
NTDOF
-30.65%
-131,500
-0.57%
$67.64
32.73% $45.50
1.28%
FOXA
-33.36%
-376,947
-1.76%
$73.07
8.46% $66.89
3.51%
CFRHF
-100.00%
-159,240
-1.93%
$190.44
9.08% $207.73
0.00%
EA
-100.00%
-188,270
-2.42%
$201.70
0.64% $203.00
0.00%
ORCL
-100.00%
-78,676
-1.41%
$281.24
24.02% $213.68
0.00%
UNLYF
-100.00%
-428,643
-1.62%
$59.36
6.94% $55.24
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.