Independent Franchise Partners LLP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Independent Franchise Partners LLP reported 26 stock positions worth $15.2 billion. Its top holding was Bristol-Myers Squibb (BMY) at 8.2% of the portfolio, followed by Solventum (SOLV, 8.2%) and Live Nation Entertainment (LYV, 7.2%). Compared with Q1 2026, it added to 18 and reduced 8. The biggest buy was Otis Worldwide (OTIS, shares +414%) and the biggest sale eBay (EBAY, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001483866
- Portfolio Value
- $15.2B (Q2 2026)
- SEC Filing
- 0001172661-26-003379 ↗ filed Aug 13, 2026
Holdings Value
Holdings 26 stocks · $15.2B
| BMY Bristol-Myers Squibb Co. | 8.24% | 21,792,841 | $1.3B | Add +2.4% |
| SOLV Solventum Corp. | 8.18% | 16,170,038 | $1.2B | Add +2.8% |
| LYV Live Nation Entertainment Inc. | 7.22% | 6,013,439 | $1.1B | Add +2.5% |
| TRU Transunion | 6.61% | 13,976,652 | $1.0B | Add +15.2% |
| KVUE Kenvue Inc. | 6.32% | 50,427,994 | $963.7M | Add +2.5% |
| CRM Salesforce Inc. | 5.98% | 5,818,837 | $911.6M | Add +44.2% |
| AON Aon PLC Class A | 5.76% | 2,646,943 | $878.0M | Add +2.3% |
| NWSA News Corp. Class A | 5.22% | 32,074,535 | $796.4M | Add +3.7% |
| ABNB Airbnb Inc. Class A | 5.09% | 5,423,764 | $776.1M | Add +2.8% |
| JNJ Johnson & Johnson | 5.07% | 3,043,186 | $772.9M | Add +2.4% |
| IT Gartner Inc. | 4.75% | 5,582,962 | $723.7M | Add +21.4% |
| ICE Intercontinental Exchange Inc. | 4.24% | 5,253,130 | $646.7M | Add +6.0% |
| Z Zillow Group Inc. Class C | 3.37% | 16,300,754 | $513.8M | Add +23.5% |
| EBAY eBay Inc. | 3.33% | 4,546,653 | $508.1M | Reduce -32.9% |
| PM Philip Morris International | 3.06% | 2,578,328 | $466.4M | Add +0.7% |
| FOXA Fox Corp. Class A | 2.87% | 8,398,658 | $438.1M | Add +2.7% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 2.56% | 4,941,737 | $390.2M | Reduce -25.4% |
| OTIS Otis Worldwide Corp. | 2.42% | 5,152,104 | $368.9M | Add +414.0% |
| WMG Warner Music Group Corp. Class A | 2.31% | 12,997,804 | $351.9M | Reduce -0.3% |
| FOX Fox Corp. Class B | 1.68% | 5,482,675 | $256.8M | Add +3.3% |
| NWS News Corp. Class B | 1.66% | 9,023,857 | $253.2M | Reduce -1.0% |
| WBD Warner Bros Discovery Inc. | 1.43% | 8,157,933 | $217.5M | Reduce -6.2% |
| ZG Zillow Group Inc. Class A | 0.76% | 3,672,937 | $115.2M | Add +34.1% |
| RYAN Ryan Specialty Holdings Inc. | 0.66% | 2,645,789 | $99.9M | Reduce -6.2% |
| CTVA Corteva Inc. | 0.62% | 1,115,112 | $94.4M | Reduce -6.2% |
| TKO Tko Group Holdings Inc. | 0.57% | 429,092 | $86.4M | Reduce -6.2% |
Portfolio Sells Q1 2026 → Q2 2026
| EBAY eBay Inc. | Reduce -32.9% | 3.33% | −0.98 |
| EL Estee Lauder Companies Class A | Reduce -25.4% | 2.56% | −0.77 |
| WBD Warner Bros Discovery Inc. | Reduce -6.2% | 1.43% | −0.24 |
| NWS News Corp. Class B | Reduce -1.0% | 1.66% | −0.16 |
| TKO Tko Group Holdings Inc. | Reduce -6.2% | 0.57% | −0.08 |
| CTVA Corteva Inc. | Reduce -6.2% | 0.62% | −0.08 |
| WMG Warner Music Group Corp. Class A | Reduce -0.3% | 2.31% | −0.02 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -6.2% | 0.66% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| OTIS Otis Worldwide Corp. | Add +414.0% | 2.42% | +1.88 |
| SOLV Solventum Corp. | Add +2.8% | 8.18% | +0.99 |
| LYV Live Nation Entertainment Inc. | Add +2.5% | 7.22% | +0.96 |
| TRU Transunion | Add +15.2% | 6.61% | +0.74 |
| CRM Salesforce Inc. | Add +44.2% | 5.98% | +0.71 |
| ABNB Airbnb Inc. Class A | Add +2.8% | 5.09% | +0.43 |
| KVUE Kenvue Inc. | Add +2.5% | 6.32% | +0.39 |
| PM Philip Morris International | Add +0.7% | 3.06% | +0.10 |
| JNJ Johnson & Johnson | Add +2.4% | 5.07% | −0.01 |
| ZG Zillow Group Inc. Class A | Add +34.1% | 0.76% | −0.04 |
| AON Aon PLC Class A | Add +2.3% | 5.76% | −0.09 |
| NWSA News Corp. Class A | Add +3.7% | 5.22% | −0.17 |
| FOX Fox Corp. Class B | Add +3.3% | 1.68% | −0.29 |
| IT Gartner Inc. | Add +21.4% | 4.75% | −0.35 |
| Z Zillow Group Inc. Class C | Add +23.5% | 3.37% | −0.45 |
| FOXA Fox Corp. Class A | Add +2.7% | 2.87% | −0.47 |
| BMY Bristol-Myers Squibb Co. | Add +2.4% | 8.24% | −0.79 |
| ICE Intercontinental Exchange Inc. | Add +6.0% | 4.24% | −1.21 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 26 | $15.2B | BMY, SOLV, LYV, TRU, KVUE |
| Q1 2026 | 26 | $14.3B | BMY, SOLV, LYV, KVUE, TRU |
| Q4 2025 | 27 | $15.7B | SOLV, BMY, IT, KVUE, EL |
| Q3 2025 | 29 | $15.2B | SOLV, BMY, LYV, NWSA, JNJ |
| Q2 2025 | 25 | $15.0B | ICE, CTVA, BMY, NWSA, LYV |
| Q1 2025 | 25 | $14.0B | ICE, BMY, CTVA, JNJ, EBAY |
| Q4 2024 | 25 | $13.3B | BMY, CTVA, ICE, RBA, Z |
| Q3 2024 | 25 | $11.3B | RBA, ICE, Z, PM, BMY |
| Q2 2024 | 24 | $10.9B | RBA, ICE, ORCL, AON, PM |
| Q1 2024 | 23 | $12.1B | RBA, CTVA, ICE, AON, BMY |