Filed: 2/13/2025ACC: 0001172661-25-000776
📋 What this filing means
INDEPENDENT FRANCHISE PARTNERS LLP filed this quarterly 13F‑HR report disclosing 25 equity positions with a total reported market value of $13.32B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
25
Positions
$13.32B
Total AUM (reported)
183.52M
Total Shares
Allocation by class
COM$8.20B61.6%
CL A$1.95B14.6%
CL C CAP STK$805.86M6.0%
CL A COM$785.90M5.9%
SHS CL A$724.42M5.4%
CL B$293.64M2.2%
CL B COM$261.01M2.0%
Portfolio Concentration
Top 3$2.83B21.2%
4–10$5.47B41.1%
11–25$5.02B37.7%
Top 3 weight
21.2%
Top 10 weight
62.3%
Voting Authority Distribution
Total shares with voting rights: 183.52M
Sole
Full voting authority
181.87M
shares
% of voting shares99.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
1.65M
shares
% of voting shares0.9%
Investment Discretion (by position count)
Sole0
Shared0
Other25
Dominant voting typeSole · 99.1% of voting shares
Institutional Holdings25
Rows:
BRISTOL-MYERS SQUIBB CO
OTRShares17.13M
TypeSH
Market value$968.83M
7.27%
Sole
16.97M
Shared
0.00
None
162.79K
CORTEVA INC
OTRShares16.50M
TypeSH
Market value$939.64M
7.05%
Sole
16.34M
Shared
0.00
None
159.47K
INTERCONTINENTAL EXCHANGE IN
OTRShares6.16M
TypeSH
Market value$918.03M
6.89%
Sole
6.10M
Shared
0.00
None
57.93K
RB GLOBAL INC
OTRShares9.66M
TypeSH
Market value$871.79M
6.54%
Sole
9.57M
Shared
0.00
None
90.38K
ZILLOW GROUP INC
OTRShares10.88M
TypeSH
Market value$805.86M
6.05%
Sole
10.78M
Shared
0.00
None
100.13K
PHILIP MORRIS INTL INC
OTRShares6.64M
TypeSH
Market value$799.59M
6.00%
Sole
6.56M
Shared
0.00
None
81.15K
FOX CORP
OTRShares16.18M
TypeSH
Market value$785.90M
5.90%
Sole
16.03M
Shared
0.00
None
146.24K
JOHNSON & JOHNSON
OTRShares5.19M
TypeSH
Market value$751.22M
5.64%
Sole
5.15M
Shared
0.00
None
46.83K
NEWS CORP NEW
OTRShares26.62M
TypeSH
Market value$733.04M
5.50%
Sole
26.35M
Shared
0.00
None
266.69K
AON PLC
OTRShares2.02M
TypeSH
Market value$724.42M
5.44%
Sole
2M
Shared
0.00
None
19.48K
EBAY INC.
OTRShares11.18M
TypeSH
Market value$692.52M
5.20%
Sole
11.07M
Shared
0.00
None
107.58K
ORACLE CORP
OTRShares4.14M
TypeSH
Market value$689.63M
5.18%
Sole
4.10M
Shared
0.00
None
40.35K
LIVE NATION ENTERTAINMENT IN
OTRShares4.69M
TypeSH
Market value$607.87M
4.56%
Sole
4.65M
Shared
0.00
None
44.67K
LAUDER ESTEE COS INC
OTRShares7.86M
TypeSH
Market value$589.20M
4.42%
Sole
7.78M
Shared
0.00
None
75.28K
ELECTRONIC ARTS INC
OTRShares3.86M
TypeSH
Market value$564.27M
4.24%
Sole
3.82M
Shared
0.00
None
33.65K
TKO GROUP HOLDINGS INC
OTRShares3.41M
TypeSH
Market value$484.47M
3.64%
Sole
3.38M
Shared
0.00
None
29.25K
NEWS CORP NEW
OTRShares9.65M
TypeSH
Market value$293.64M
2.20%
Sole
9.57M
Shared
0.00
None
82.05K
FOX CORP
OTRShares5.71M
TypeSH
Market value$261.01M
1.96%
Sole
5.65M
Shared
0.00
None
58.18K
TRANSUNION
OTRShares2.09M
TypeSH
Market value$193.40M
1.45%
Sole
2.07M
Shared
0.00
None
20.15K
WARNER MUSIC GROUP CORP
OTRShares5.90M
TypeSH
Market value$182.75M
1.37%
Sole
5.90M
Shared
0.00
None
0.00
ZILLOW GROUP INC
OTRShares2.02M
TypeSH
Market value$143.43M
1.08%
Sole
2M
Shared
0.00
None
19.49K
ASPEN TECHNOLOGY INC
OTRShares520.18K
TypeSH
Market value$129.85M
0.97%
Sole
520.18K
Shared
0.00
None
0.00
SOLVENTUM CORP
OTRShares1.60M
TypeSH
Market value$105.90M
0.80%
Sole
1.60M
Shared
0.00
None
0.00
KENVUE INC
OTRShares3.62M
TypeSH
Market value$77.24M
0.58%
Sole
3.62M
Shared
0.00
None
0.00
RENTOKIL INITIAL PLC
OTRShares299.15K
TypeSH
Market value$7.57M
0.06%
Sole
294.55K
Shared
0.00
None
4.60K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
BRISTOL-MYERS SQUIBB COOTR | COM | 17.13M | SH | $968.83M 7.27% | 16.97M | 0.00 | 162.79K |
CORTEVA INCOTR | COM | 16.50M | SH | $939.64M 7.05% | 16.34M | 0.00 | 159.47K |
INTERCONTINENTAL EXCHANGE INOTR | COM | 6.16M | SH | $918.03M 6.89% | 6.10M | 0.00 | 57.93K |
RB GLOBAL INCOTR | COM | 9.66M | SH | $871.79M 6.54% | 9.57M | 0.00 | 90.38K |
ZILLOW GROUP INCOTR | CL C CAP STK | 10.88M | SH | $805.86M 6.05% | 10.78M | 0.00 | 100.13K |
PHILIP MORRIS INTL INCOTR | COM | 6.64M | SH | $799.59M 6.00% | 6.56M | 0.00 | 81.15K |
FOX CORPOTR | CL A COM | 16.18M | SH | $785.90M 5.90% | 16.03M | 0.00 | 146.24K |
JOHNSON & JOHNSONOTR | COM | 5.19M | SH | $751.22M 5.64% | 5.15M | 0.00 | 46.83K |
NEWS CORP NEWOTR | CL A | 26.62M | SH | $733.04M 5.50% | 26.35M | 0.00 | 266.69K |
AON PLCOTR | SHS CL A | 2.02M | SH | $724.42M 5.44% | 2M | 0.00 | 19.48K |
EBAY INC.OTR | COM | 11.18M | SH | $692.52M 5.20% | 11.07M | 0.00 | 107.58K |
ORACLE CORPOTR | COM | 4.14M | SH | $689.63M 5.18% | 4.10M | 0.00 | 40.35K |
LIVE NATION ENTERTAINMENT INOTR | COM | 4.69M | SH | $607.87M 4.56% | 4.65M | 0.00 | 44.67K |
LAUDER ESTEE COS INCOTR | CL A | 7.86M | SH | $589.20M 4.42% | 7.78M | 0.00 | 75.28K |
ELECTRONIC ARTS INCOTR | COM | 3.86M | SH | $564.27M 4.24% | 3.82M | 0.00 | 33.65K |
TKO GROUP HOLDINGS INCOTR | CL A | 3.41M | SH | $484.47M 3.64% | 3.38M | 0.00 | 29.25K |
NEWS CORP NEWOTR | CL B | 9.65M | SH | $293.64M 2.20% | 9.57M | 0.00 | 82.05K |
FOX CORPOTR | CL B COM | 5.71M | SH | $261.01M 1.96% | 5.65M | 0.00 | 58.18K |
TRANSUNIONOTR | COM | 2.09M | SH | $193.40M 1.45% | 2.07M | 0.00 | 20.15K |
WARNER MUSIC GROUP CORPOTR | COM CL A | 5.90M | SH | $182.75M 1.37% | 5.90M | 0.00 | 0.00 |
ZILLOW GROUP INCOTR | CL A | 2.02M | SH | $143.43M 1.08% | 2M | 0.00 | 19.49K |
ASPEN TECHNOLOGY INCOTR | COM | 520.18K | SH | $129.85M 0.97% | 520.18K | 0.00 | 0.00 |
SOLVENTUM CORPOTR | COM SHS | 1.60M | SH | $105.90M 0.80% | 1.60M | 0.00 | 0.00 |
KENVUE INCOTR | COM | 3.62M | SH | $77.24M 0.58% | 3.62M | 0.00 | 0.00 |
RENTOKIL INITIAL PLCOTR | SPONSORED ADR | 299.15K | SH | $7.57M 0.06% | 294.55K | 0.00 | 4.60K |