Independent Franchise Partners LLP
SEC Form 13F institutional filer · CIK 0001483866
13F-HR · 20 reported holdings · 2026-03-31
Independent Franchise Partners LLP is an asset manager.
Reported long-US-equity value
$11.89B
Top-10 concentration
72.8%
Independent Franchise Partners LLP — $11.9B AUM allocation strategy
Independent Franchise Partners LLP files SEC Form 13F and reports $11.9B of long US equity value across 20 reported holdings for 2026-03-31.
Its largest sector bet is Health Care 25.6%, followed by Communication Services 25.4% and Financials 13.6%.
The top 10 holdings account for 73% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Independent Franchise Partners LLP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$11.9B
total across 20 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
73% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$CRM +3.5M sh · +$611M+$IT +1.29M sh · −$106M+$KVUE +1.06M sh · +$17.8M
Biggest trims (shares)
−$CTVA −9.31M sh · −$604M−$WBD −4M sh · −$127M−$FOX −1.6M sh · −$237M
Added from nil (new positions)
None this quarter
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Pharmaceuticals17.0%—
- Publishing8.7%—
- Health Care Technology8.6%—
- Broadcasting8.4%—
- Movies & Entertainment8.3%—
- Personal Care Products7.1%—
- Insurance Brokers7.0%—
- Financial Exchanges & Data6.6%—
- Other holdings28.3%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $BMY | Bristol-Myers Squibb Company | 21.3M | $1.29B | +447K | 10.9% |
| $SOLV | Solventum Corporation | 15.7M | $1.03B | +378K | 8.6% |
| $LYV | Live Nation Entertainment Inc | 5.86M | $894M | +131K | 7.5% |
| $KVUE | Kenvue Inc | 49.2M | $848M | +1.06M | 7.1% |
| $AON | Aon plc | 2.59M | $835M | +472K | 7.0% |
| $ICE | Intercontinental Exchange Inc | 4.96M | $779M | +123K | 6.6% |
| $NWS | News Corporation | 30.9M | $771M | +991K | 6.5% |
| $CRM | Salesforce Inc | 4.04M | $753M | +3.5M | 6.3% |
| $IT | Gartner Inc | 4.6M | $728M | +1.29M | 6.1% |
| $JNJ | Johnson & Johnson | 2.97M | $726M | -685K | 6.1% |
…and 10 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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