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Portfolio (Quarterly) Guide ↗

Independent Franchise Partners LLP

· CIK 0001483866
13F Portfolio $15.7B AUM 27 positions Filed Feb 17, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 27 New
Page 2 of 2  ·  27 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 NWS NEWS CORP NEW Communication Services 9,161,455.0 $271.5M 1.73% NEW $29.63 -5.9%
22 CRM SALESFORCE INC Technology 537,999.0 $142.5M 0.91% NEW $264.91 -41.6%
23 ZG ZILLOW GROUP INC Communication Services 2,024,556.0 $138.1M 0.88% NEW $68.23 -56.2%
24 RB GLOBAL INC 1,151,798.0 $118.5M 0.75% NEW $102.87
25 RYAN RYAN SPECIALTY HOLDINGS INC Financial Services 2,115,313.0 $109.2M 0.69% NEW $51.63 -27.5%
26 TKO TKO GROUP HOLDINGS INC Communication Services 485,832.0 $101.5M 0.65% NEW $209.00 -2.6%
27 OTIS OTIS WORLDWIDE CORP Industrials 1,064,149.0 $93.0M 0.59% NEW $87.35 -18.1%
Page 2 of 2  ·  27 positions

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 30.0%
Healthcare 19.8%
Consumer Defensive 14.5%
Financial Services 10.5%
Consumer Cyclical 8.8%
Technology 6.3%
Industrials 5.6%
Basic Materials 4.5%