Troy Asset Management Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Troy Asset Management Ltd reported 30 stock positions worth $3.4 billion. Its top holding was Visa Class A (V) at 14.7% of the portfolio, followed by Alphabet Class A (GOOGL, 12.7%) and Chubb (CB, 8.5%). Compared with Q4 2025, it opened 1 new position, sold out of 1, added to 7 and reduced 21. The biggest buy was a new position in Verisign (VRSN) and the biggest sale Visa Class A (V, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001601407
- Portfolio Value
- $3.4B (Q1 2026)
- SEC Filing
- 0001601407-26-000003 ↗ filed May 11, 2026
Holdings Value
Holdings 30 stocks · $3.4B
| V Visa Inc. Class A | 14.71% | 1,631,911 | $493.2M | Reduce -32.0% |
| GOOGL Alphabet Inc. Class A | 12.69% | 1,479,661 | $425.5M | Reduce -21.3% |
| CB Chubb Ltd. | 8.51% | 874,776 | $285.1M | Add +10.4% |
| CNI Canadian Natl Railway Co. | 8.49% | 2,628,962 | $284.6M | Reduce -3.9% |
| A Agilent Technologies Inc. | 8.21% | 2,413,232 | $275.1M | Add +0.3% |
| HUBB Hubbell Inc. | 8.11% | 553,981 | $271.9M | Add +0.4% |
| MSFT Microsoft Corp. | 7.59% | 687,272 | $254.4M | Reduce -3.5% |
| VRSN Verisign Inc. | 5.80% | 783,354 | $194.6M | New |
| ALC Alcon Inc. filed as ALCON AG | 5.28% | 2,988,435 | $177.1M | Add +0.1% |
| ADBE Adobe Inc. | 3.81% | 524,867 | $127.6M | Reduce -0.0% |
| CME Cme Group Inc. | 2.01% | 228,657 | $67.5M | Reduce -27.3% |
| MA Mastercard Inc. Class A | 1.91% | 128,447 | $64.2M | Reduce -1.0% |
| META Meta Platforms Inc. Class A | 1.23% | 71,841 | $41.1M | Reduce -8.5% |
| PAYX Paychex Inc. | 1.01% | 365,950 | $33.7M | Reduce -36.4% |
| TXN Texas Instruments Inc. | 0.96% | 166,043 | $32.2M | Reduce -8.2% |
| BKNG Booking Holdings Inc. | 0.96% | 7,621 | $32.1M | Reduce -7.9% |
| INTU Intuit Inc. | 0.92% | 71,622 | $31.0M | Add +29.8% |
| PEP Pepsico Inc. | 0.91% | 196,609 | $30.5M | Reduce -22.3% |
| SYY Sysco Corp. | 0.86% | 406,138 | $29.0M | Reduce -8.2% |
| ACN Accenture PLC Class A | 0.82% | 138,585 | $27.5M | Add +15.0% |
| NKE Nike Inc. Class B | 0.79% | 498,464 | $26.3M | Reduce -8.2% |
| AMZN Amazon.com Inc. | 0.76% | 122,258 | $25.5M | Add +4.0% |
| MCD McDonald's Corp. | 0.67% | 71,876 | $22.3M | Reduce -8.3% |
| ADP Automatic Data Processing | 0.65% | 107,694 | $21.9M | Reduce -8.2% |
| PM Philip Morris International | 0.64% | 130,488 | $21.6M | Reduce -6.6% |
| SPGI S&P Global Inc. | 0.52% | 41,156 | $17.5M | Reduce -1.3% |
| KVUE Kenvue Inc. | 0.42% | 809,454 | $14.0M | Reduce -8.3% |
| TTWO Take-Two Interactive Softwre | 0.38% | 65,063 | $12.8M | Reduce -1.3% |
| MCO Moody's Corp. | 0.37% | 28,522 | $12.4M | Reduce -1.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.00% | 168 | $57K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| V Visa Inc. Class A | Reduce -32.0% | 14.71% | −4.80 |
| GOOGL Alphabet Inc. Class A | Reduce -21.3% | 12.69% | −2.47 |
| MSFT Microsoft Corp. | Reduce -3.5% | 7.59% | −1.28 |
| ADBE Adobe Inc. | Reduce -0.0% | 3.81% | −0.93 |
| PAYX Paychex Inc. | Reduce -36.4% | 1.01% | −0.66 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.35 |
| CME Cme Group Inc. | Reduce -27.3% | 2.01% | −0.20 |
| BKNG Booking Holdings Inc. | Reduce -7.9% | 0.96% | −0.18 |
| ADP Automatic Data Processing | Reduce -8.2% | 0.65% | −0.12 |
| META Meta Platforms Inc. Class A | Reduce -8.5% | 1.23% | −0.11 |
| NKE Nike Inc. Class B | Reduce -8.2% | 0.79% | −0.11 |
| TTWO Take-Two Interactive Softwre | Reduce -1.3% | 0.38% | −0.05 |
| SPGI S&P Global Inc. | Reduce -1.3% | 0.52% | −0.04 |
| PEP Pepsico Inc. | Reduce -22.3% | 0.91% | −0.02 |
| MCO Moody's Corp. | Reduce -1.4% | 0.37% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -1.0% | 1.91% | +0.01 |
| KVUE Kenvue Inc. | Reduce -8.3% | 0.42% | +0.02 |
| SYY Sysco Corp. | Reduce -8.2% | 0.86% | +0.02 |
| MCD McDonald's Corp. | Reduce -8.3% | 0.67% | +0.05 |
| PM Philip Morris International | Reduce -6.6% | 0.64% | +0.07 |
| TXN Texas Instruments Inc. | Reduce -8.2% | 0.96% | +0.15 |
| CNI Canadian Natl Railway Co. | Reduce -3.9% | 8.49% | +1.07 |
Portfolio Buys Q4 2025 → Q1 2026
| VRSN Verisign Inc. | New | 5.80% | +5.80 |
| CB Chubb Ltd. | Add +10.4% | 8.51% | +2.13 |
| HUBB Hubbell Inc. | Add +0.4% | 8.11% | +1.80 |
| ALC Alcon Inc. | Add +0.1% | 5.28% | +0.41 |
| AMZN Amazon.com Inc. | Add +4.0% | 0.76% | +0.06 |
| ACN Accenture PLC Class A | Add +15.0% | 0.82% | −0.01 |
| INTU Intuit Inc. | Add +29.8% | 0.92% | −0.02 |
| A Agilent Technologies Inc. | Add +0.3% | 8.21% | −0.23 |
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 |