Troy Asset Management Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 31, 2026), Troy Asset Management Ltd reported 29 stock positions worth $3.6 billion. Its top holding was Visa Class A (V) at 15.6% of the portfolio, followed by Alphabet Class A (GOOGL, 12.8%) and Agilent Technologies (A, 9.9%). Compared with Q1 2026, it opened 3 new positions, sold out of 4, added to 11 and reduced 15. The biggest buy was a new position in Markel (MKL) and the biggest sale Hubbell (HUBB, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001601407
- Portfolio Value
- $3.6B (Q2 2026)
- SEC Filing
- 0001601407-26-000004 ↗ filed Jul 31, 2026
Holdings Value
Holdings 29 stocks · $3.6B
| V Visa Inc. Class A | 15.62% | 1,632,408 | $560.1M | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 12.78% | 1,282,411 | $458.3M | Reduce -13.3% |
| A Agilent Technologies Inc. | 9.92% | 2,676,647 | $355.5M | Add +10.9% |
| CNI Canadian Natl Railway Co. | 8.99% | 2,564,246 | $322.3M | Reduce -2.5% |
| CB Chubb Ltd. | 8.23% | 866,176 | $295.1M | Reduce -1.0% |
| MSFT Microsoft Corp. | 6.86% | 659,861 | $246.1M | Reduce -4.0% |
| HUBB Hubbell Inc. | 6.39% | 438,244 | $229.3M | Reduce -20.9% |
| ALC Alcon Inc. filed as ALCON AG | 5.79% | 3,801,548 | $207.6M | Add +27.2% |
| VRSN Verisign Inc. | 4.71% | 670,837 | $168.8M | Reduce -14.4% |
| MKL Markel Group Inc. | 3.35% | 61,509 | $120.1M | New |
| ADBE Adobe Inc. | 2.71% | 473,694 | $97.1M | Reduce -9.8% |
| MA Mastercard Inc. Class A | 1.99% | 138,720 | $71.2M | Add +8.0% |
| CME Cme Group Inc. | 1.72% | 278,677 | $61.5M | Add +21.9% |
| META Meta Platforms Inc. Class A | 1.34% | 85,011 | $47.9M | Add +18.3% |
| TXN Texas Instruments Inc. | 1.28% | 153,815 | $45.8M | Reduce -7.4% |
| BKNG Booking Holdings Inc. | 1.15% | 231,246 | $41.2M | Add +21.4% |
| AMZN Amazon.com Inc. | 0.90% | 134,889 | $32.1M | Add +10.3% |
| SYY Sysco Corp. | 0.88% | 376,447 | $31.5M | Reduce -7.3% |
| PAYX Paychex Inc. | 0.69% | 250,985 | $24.7M | Reduce -31.4% |
| PEP Pepsico Inc. | 0.69% | 182,153 | $24.7M | Reduce -7.3% |
| PM Philip Morris International | 0.62% | 123,550 | $22.4M | Reduce -5.3% |
| NKE Nike Inc. Class B | 0.53% | 462,264 | $19.0M | Reduce -7.3% |
| SPGI S&P Global Inc. | 0.52% | 45,404 | $18.5M | Add +10.3% |
| TTWO Take-Two Interactive Softwre | 0.50% | 71,786 | $17.9M | Add +10.3% |
| CP Canadian Pacific Kansas City | 0.44% | 183,413 | $15.9M | New |
| INTU Intuit Inc. | 0.42% | 58,195 | $15.2M | Reduce -18.8% |
| KVUE Kenvue Inc. | 0.40% | 749,323 | $14.3M | Reduce -7.4% |
| MCO Moody's Corp. | 0.40% | 31,468 | $14.3M | Add +10.3% |
| AZN Astrazeneca PLC | 0.21% | 52,367 | $7.4M | New |
Portfolio Sells Q1 2026 → Q2 2026
| HUBB Hubbell Inc. | Reduce -20.9% | 6.39% | −1.72 |
| ADBE Adobe Inc. | Reduce -9.8% | 2.71% | −1.10 |
| VRSN Verisign Inc. | Reduce -14.4% | 4.71% | −1.10 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.82 |
| MSFT Microsoft Corp. | Reduce -4.0% | 6.86% | −0.72 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.67 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.65 |
| INTU Intuit Inc. | Reduce -18.8% | 0.42% | −0.50 |
| PAYX Paychex Inc. | Reduce -31.4% | 0.69% | −0.32 |
| CB Chubb Ltd. | Reduce -1.0% | 8.23% | −0.27 |
| NKE Nike Inc. Class B | Reduce -7.3% | 0.53% | −0.26 |
| PEP Pepsico Inc. | Reduce -7.3% | 0.69% | −0.22 |
| PM Philip Morris International | Reduce -5.3% | 0.62% | −0.02 |
| KVUE Kenvue Inc. | Reduce -7.4% | 0.40% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.00 |
| SYY Sysco Corp. | Reduce -7.3% | 0.88% | +0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -13.3% | 12.78% | +0.09 |
| TXN Texas Instruments Inc. | Reduce -7.4% | 1.28% | +0.32 |
| CNI Canadian Natl Railway Co. | Reduce -2.5% | 8.99% | +0.50 |
Portfolio Buys Q1 2026 → Q2 2026
| MKL Markel Group Inc. | New | 3.35% | +3.35 |
| A Agilent Technologies Inc. | Add +10.9% | 9.92% | +1.71 |
| V Visa Inc. Class A | Add +0.0% | 15.62% | +0.91 |
| ALC Alcon Inc. | Add +27.2% | 5.79% | +0.51 |
| CP Canadian Pacific Kansas City | New | 0.44% | +0.44 |
| AZN Astrazeneca PLC | New | 0.21% | +0.21 |
| BKNG Booking Holdings Inc. | Add +21.4% | 1.15% | +0.19 |
| AMZN Amazon.com Inc. | Add +10.3% | 0.90% | +0.14 |
| TTWO Take-Two Interactive Softwre | Add +10.3% | 0.50% | +0.12 |
| META Meta Platforms Inc. Class A | Add +18.3% | 1.34% | +0.11 |
| MA Mastercard Inc. Class A | Add +8.0% | 1.99% | +0.07 |
| MCO Moody's Corp. | Add +10.3% | 0.40% | +0.03 |
| SPGI S&P Global Inc. | Add +10.3% | 0.52% | −0.01 |
| CME Cme Group Inc. | Add +21.9% | 1.72% | −0.30 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 29 | $3.6B | V, GOOGL, A, CNI, CB |
| Q1 2026 | 30 | $3.4B | V, GOOGL, CB, CNI, A |
| Q4 2025 | 30 | $3.9B | V, GOOGL, MSFT, A, CNI |
| Q3 2025 | 31 | $3.9B | V, GOOGL, MSFT, A, CNI |
| Q2 2025Amended | 31 | $3.7B | GOOGL, V, MSFT, A, VRSN |
| Q1 2025Amended | 31 | $3.7B | GOOGL, V, MSFT, A, VRSN |
| Q4 2024Amended | 33 | $3.0B | V, GOOGL, MSFT, VRSN, AXP |
| Q3 2024Amended | 33 | $3.2B | V, MSFT, GOOGL, AXP, PG |
| Q2 2024Amended | 33 | $3.1B | V, MSFT, GOOGL, PG, AXP |
| Q1 2024Amended | 33 | $3.3B | V, MSFT, GOOGL, PG, BDX |