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Portfolio (Quarterly) Guide ↗

Independent Franchise Partners LLP

· CIK 0001483866
13F Portfolio $14.3B AUM 26 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 15 Added 10 Reduced 1 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 JNJ JOHNSON & JOHNSON Healthcare 2,971,436.0 $726.3M 5.08% -685K -18.7% $244.44 -5.9%
2 EBAY EBAY INC. Consumer Cyclical 6,772,232.0 $616.4M 4.31% -976K -12.6% $91.02 +27.0%
3 FOXA FOX CORP Communication Services 8,174,694.0 $477.4M 3.34% -1.6M -16.4% $58.40 +9.5%
4 EL LAUDER ESTEE COS INC Consumer Defensive 6,628,540.0 $475.7M 3.33% -1.2M -15.4% $71.77 +23.0%
5 PM PHILIP MORRIS INTL INC Consumer Defensive 2,560,566.0 $423.4M 2.96% -1.3M -33.0% $165.34 +10.7%
6 NWS NEWS CORP NEW Communication Services 9,111,760.0 $259.8M 1.82% -50K -0.5% $28.51 +3.9%
7 WBD WARNER BROS DISCOVERY INC Communication Services 8,697,730.0 $238.8M 1.67% -4.0M -31.5% $27.46 -1.8%
8 CTVA CORTEVA INC Basic Materials 1,188,896.0 $99.5M 0.70% -9.3M -88.7% $83.71 -4.7%
9 TKO TKO GROUP HOLDINGS INC Communication Services 457,600.0 $92.3M 0.65% -28K -5.8% $201.65 -5.0%
10 OTIS OTIS WORLDWIDE CORP Industrials 1,002,284.0 $77.3M 0.54% -62K -5.8% $77.08 -6.0%

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Communication Services 28.0%
Healthcare 21.3%
Consumer Defensive 12.2%
Financial Services 12.0%
Technology 10.4%
Consumer Cyclical 9.0%
Industrials 6.4%
Basic Materials 0.7%