Troy Asset Management Ltd
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 1, 2024), Troy Asset Management Ltd reported 33 stock positions worth $3.2 billion. Its top holding was Visa Class A (V) at 14.0% of the portfolio, followed by Microsoft (MSFT, 12.2%) and Alphabet Class A (GOOGL, 10.3%). Compared with Q2 2024, it added to 11 and reduced 20. The biggest buy was American Express (AXP, shares +1%) and the biggest sale Alphabet Class A (GOOGL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001601407
- Portfolio Value
- $3.2B (Q3 2024)
- SEC Filing
- 0001601407-24-000021 ↗ filed Nov 1, 2024
Holdings Value
Holdings 33 stocks · $3.2B
| V Visa Inc. Class A | 13.98% | 1,613,006 | $443.5M | Add +2.7% |
| MSFT Microsoft Corp. | 12.17% | 897,803 | $386.3M | Reduce -2.5% |
| GOOGL Alphabet Inc. Class A | 10.35% | 1,980,134 | $328.4M | Reduce -0.5% |
| AXP American Express Co. | 7.02% | 820,843 | $222.6M | Add +0.9% |
| PG The Procter & Gamble Co. | 5.08% | 929,821 | $161.0M | Reduce -20.1% |
| A Agilent Technologies Inc. | 4.56% | 974,184 | $144.6M | Add +1.4% |
| PAYX Paychex Inc. | 3.87% | 915,630 | $122.9M | Reduce -13.8% |
| CB Chubb Ltd. | 3.81% | 419,380 | $120.9M | No change |
| VRSN Verisign Inc. | 3.67% | 613,276 | $116.5M | No change |
| CME Cme Group Inc. | 3.60% | 517,282 | $114.1M | Reduce -12.0% |
| MCO Moody's Corp. | 2.75% | 183,720 | $87.2M | Reduce -1.5% |
| MDT Medtronic PLC | 2.73% | 961,199 | $86.5M | Reduce -11.4% |
| PEP Pepsico Inc. | 2.16% | 403,171 | $68.6M | Reduce -7.6% |
| MA Mastercard Inc. Class A | 2.16% | 138,770 | $68.5M | Add +11.7% |
| ADP Automatic Data Processing | 2.06% | 235,841 | $65.3M | Reduce -8.2% |
| PM Philip Morris International | 1.98% | 517,289 | $62.8M | Reduce -9.2% |
| META Meta Platforms Inc. Class A | 1.83% | 101,634 | $58.2M | Add +5.5% |
| FISV Fiserv Inc. | 1.67% | 295,748 | $53.1M | Add +11.1% |
| ALC Alcon Inc. filed as ALCON AG | 1.34% | 426,845 | $42.6M | Reduce -0.1% |
| MCD McDonald's Corp. | 1.31% | 136,367 | $41.5M | Reduce -7.6% |
| CSCO Cisco Systems Inc. | 1.30% | 777,438 | $41.4M | Reduce -9.5% |
| TXN Texas Instruments Inc. | 1.19% | 183,212 | $37.8M | Reduce -7.5% |
| BKNG Booking Holdings Inc. | 1.17% | 8,844 | $37.3M | Add +8.0% |
| KVUE Kenvue Inc. | 1.03% | 1,413,894 | $32.7M | Reduce -7.5% |
| JNJ Johnson & Johnson | 0.96% | 188,098 | $30.5M | Reduce -7.6% |
| ACN Accenture PLC Class A | 0.95% | 85,327 | $30.2M | Reduce -7.7% |
| PYPL PayPal Holdings Inc. | 0.94% | 382,814 | $29.9M | Add +7.1% |
| CNI Canadian Natl Railway Co. | 0.90% | 242,814 | $28.4M | Reduce -7.2% |
| ADBE Adobe Inc. | 0.88% | 54,045 | $28.0M | Add +7.0% |
| INTU Intuit Inc. | 0.85% | 43,671 | $27.1M | Add +6.8% |
| HSY The Hershey Co. | 0.62% | 101,877 | $19.5M | Reduce -7.7% |
| SPGI S&P Global Inc. | 0.62% | 37,804 | $19.5M | Reduce -5.8% |
| TTWO Take-Two Interactive Softwre | 0.50% | 102,372 | $15.7M | Add +8.1% |
Portfolio Sells Q2 2024 → Q3 2024
| GOOGL Alphabet Inc. Class A | Reduce -0.5% | 10.35% | −1.42 |
| MSFT Microsoft Corp. | Reduce -2.5% | 12.17% | −1.19 |
| PG The Procter & Gamble Co. | Reduce -20.1% | 5.08% | −1.16 |
| PAYX Paychex Inc. | Reduce -13.8% | 3.87% | −0.22 |
| PEP Pepsico Inc. | Reduce -7.6% | 2.16% | −0.18 |
| CME Cme Group Inc. | Reduce -12.0% | 3.60% | −0.16 |
| CNI Canadian Natl Railway Co. | Reduce -7.2% | 0.90% | −0.11 |
| TXN Texas Instruments Inc. | Reduce -7.5% | 1.19% | −0.06 |
| MDT Medtronic PLC | Reduce -11.4% | 2.73% | −0.05 |
| HSY The Hershey Co. | Reduce -7.7% | 0.62% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -9.5% | 1.30% | −0.02 |
| JNJ Johnson & Johnson | Reduce -7.6% | 0.96% | −0.01 |
| SPGI S&P Global Inc. | Reduce -5.8% | 0.62% | +0.03 |
| ACN Accenture PLC Class A | Reduce -7.7% | 0.95% | +0.04 |
| ADP Automatic Data Processing | Reduce -8.2% | 2.06% | +0.07 |
| MCD McDonald's Corp. | Reduce -7.6% | 1.31% | +0.09 |
| ALC Alcon Inc. | Reduce -0.1% | 1.34% | +0.10 |
| PM Philip Morris International | Reduce -9.2% | 1.98% | +0.10 |
| KVUE Kenvue Inc. | Reduce -7.5% | 1.03% | +0.13 |
| MCO Moody's Corp. | Reduce -1.5% | 2.75% | +0.20 |
Portfolio Buys Q2 2024 → Q3 2024
| AXP American Express Co. | Add +0.9% | 7.02% | +0.90 |
| V Visa Inc. Class A | Add +2.7% | 13.98% | +0.59 |
| A Agilent Technologies Inc. | Add +1.4% | 4.56% | +0.52 |
| FISV Fiserv Inc. | Add +11.1% | 1.67% | +0.39 |
| MA Mastercard Inc. Class A | Add +11.7% | 2.16% | +0.38 |
| PYPL PayPal Holdings Inc. | Add +7.1% | 0.94% | +0.27 |
| META Meta Platforms Inc. Class A | Add +5.5% | 1.83% | +0.26 |
| BKNG Booking Holdings Inc. | Add +8.0% | 1.17% | +0.12 |
| TTWO Take-Two Interactive Softwre | Add +8.1% | 0.50% | +0.02 |
| INTU Intuit Inc. | Add +6.8% | 0.85% | −0.02 |
| ADBE Adobe Inc. | Add +7.0% | 0.88% | −0.03 |
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 |