Troy Asset Management Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Troy Asset Management Ltd reported 33 stock positions worth $3.0 billion. Its top holding was Visa Class A (V) at 16.5% of the portfolio, followed by Alphabet Class A (GOOGL, 14.5%) and Microsoft (MSFT, 11.8%). Compared with Q3 2024, it added to 3 and reduced 30. The biggest buy was Alphabet Class A (GOOGL, shares +17%) and the biggest sale American Express (AXP, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001601407
- Portfolio Value
- $3.0B (Q4 2024)
- SEC Filing
- 0001601407-25-000001 ↗ filed Feb 12, 2025
Holdings Value
Holdings 33 stocks · $3.0B
| V Visa Inc. Class A | 16.50% | 1,585,335 | $501.0M | Reduce -1.7% |
| GOOGL Alphabet Inc. Class A | 14.49% | 2,323,972 | $439.9M | Add +17.4% |
| MSFT Microsoft Corp. | 11.77% | 847,778 | $357.3M | Reduce -5.6% |
| VRSN Verisign Inc. | 6.23% | 914,543 | $189.3M | Add +49.1% |
| AXP American Express Co. | 4.48% | 458,534 | $136.1M | Reduce -44.1% |
| A Agilent Technologies Inc. | 4.31% | 973,103 | $130.7M | Reduce -0.1% |
| CB Chubb Ltd. | 3.81% | 418,429 | $115.6M | Reduce -0.2% |
| PAYX Paychex Inc. | 3.40% | 735,298 | $103.1M | Reduce -19.7% |
| CME Cme Group Inc. | 3.23% | 422,731 | $98.2M | Reduce -18.3% |
| PG The Procter & Gamble Co. | 3.20% | 580,139 | $97.3M | Reduce -37.6% |
| MCO Moody's Corp. | 2.81% | 180,241 | $85.3M | Reduce -1.9% |
| MA Mastercard Inc. Class A | 2.21% | 127,259 | $67.0M | Reduce -8.3% |
| MDT Medtronic PLC | 2.17% | 825,095 | $65.9M | Reduce -14.2% |
| PM Philip Morris International | 1.85% | 467,283 | $56.2M | Reduce -9.7% |
| META Meta Platforms Inc. Class A | 1.81% | 93,673 | $54.8M | Reduce -7.8% |
| FISV Fiserv Inc. | 1.77% | 261,967 | $53.8M | Reduce -11.4% |
| ADP Automatic Data Processing | 1.71% | 177,007 | $51.8M | Reduce -24.9% |
| PEP Pepsico Inc. | 1.51% | 300,959 | $45.8M | Reduce -25.4% |
| BKNG Booking Holdings Inc. | 1.21% | 7,420 | $36.9M | Reduce -16.1% |
| ALC Alcon Inc. filed as ALCON AG | 1.18% | 423,634 | $35.9M | Reduce -0.8% |
| CSCO Cisco Systems Inc. | 1.14% | 582,855 | $34.5M | Reduce -25.0% |
| PYPL PayPal Holdings Inc. | 1.07% | 381,766 | $32.6M | Reduce -0.3% |
| ADBE Adobe Inc. | 1.07% | 72,865 | $32.4M | Add +34.8% |
| MCD McDonald's Corp. | 0.96% | 100,926 | $29.3M | Reduce -26.0% |
| INTU Intuit Inc. | 0.89% | 43,079 | $27.1M | Reduce -1.4% |
| TXN Texas Instruments Inc. | 0.84% | 135,991 | $25.5M | Reduce -25.8% |
| ACN Accenture PLC Class A | 0.75% | 64,355 | $22.6M | Reduce -24.6% |
| KVUE Kenvue Inc. | 0.74% | 1,045,436 | $22.3M | Reduce -26.1% |
| JNJ Johnson & Johnson | 0.68% | 141,813 | $20.5M | Reduce -24.6% |
| TTWO Take-Two Interactive Softwre | 0.62% | 101,455 | $18.7M | Reduce -0.9% |
| CNI Canadian Natl Railway Co. | 0.61% | 183,246 | $18.6M | Reduce -24.5% |
| SPGI S&P Global Inc. | 0.55% | 33,258 | $16.6M | Reduce -12.0% |
| HSY The Hershey Co. | 0.43% | 77,401 | $13.1M | Reduce -24.0% |
Portfolio Sells Q3 2024 → Q4 2024
| AXP American Express Co. | Reduce -44.1% | 4.48% | −2.53 |
| PG The Procter & Gamble Co. | Reduce -37.6% | 3.20% | −1.87 |
| PEP Pepsico Inc. | Reduce -25.4% | 1.51% | −0.65 |
| MDT Medtronic PLC | Reduce -14.2% | 2.17% | −0.56 |
| PAYX Paychex Inc. | Reduce -19.7% | 3.40% | −0.48 |
| MSFT Microsoft Corp. | Reduce -5.6% | 11.77% | −0.40 |
| CME Cme Group Inc. | Reduce -18.3% | 3.23% | −0.36 |
| TXN Texas Instruments Inc. | Reduce -25.8% | 0.84% | −0.35 |
| ADP Automatic Data Processing | Reduce -24.9% | 1.71% | −0.35 |
| MCD McDonald's Corp. | Reduce -26.0% | 0.96% | −0.34 |
| KVUE Kenvue Inc. | Reduce -26.1% | 0.74% | −0.30 |
| JNJ Johnson & Johnson | Reduce -24.6% | 0.68% | −0.28 |
| CNI Canadian Natl Railway Co. | Reduce -24.5% | 0.61% | −0.28 |
| A Agilent Technologies Inc. | Reduce -0.1% | 4.31% | −0.25 |
| ACN Accenture PLC Class A | Reduce -24.6% | 0.75% | −0.20 |
| HSY The Hershey Co. | Reduce -24.0% | 0.43% | −0.18 |
| CSCO Cisco Systems Inc. | Reduce -25.0% | 1.14% | −0.17 |
| ALC Alcon Inc. | Reduce -0.8% | 1.18% | −0.16 |
| PM Philip Morris International | Reduce -9.7% | 1.85% | −0.13 |
| SPGI S&P Global Inc. | Reduce -12.0% | 0.55% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -7.8% | 1.81% | −0.03 |
| CB Chubb Ltd. | Reduce -0.2% | 3.81% | −0.00 |
| INTU Intuit Inc. | Reduce -1.4% | 0.89% | +0.04 |
| BKNG Booking Holdings Inc. | Reduce -16.1% | 1.21% | +0.04 |
| MA Mastercard Inc. Class A | Reduce -8.3% | 2.21% | +0.05 |
| MCO Moody's Corp. | Reduce -1.9% | 2.81% | +0.06 |
| FISV Fiserv Inc. | Reduce -11.4% | 1.77% | +0.10 |
| TTWO Take-Two Interactive Softwre | Reduce -0.9% | 0.62% | +0.12 |
| PYPL PayPal Holdings Inc. | Reduce -0.3% | 1.07% | +0.13 |
| V Visa Inc. Class A | Reduce -1.7% | 16.50% | +2.53 |
Portfolio Buys Q3 2024 → Q4 2024
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 |