# Independent Franchise Partners LLP: Form 13F holdings

An institutional investment manager in London. SEC CIK 1483866.

- Quarter ended: 2026-06-30
- Filed: 2026-08-13
- Reported value: $15.24bn
- Positions: 26 (26 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1483866/000117266126003379/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [BRISTOL-MYERS SQUIBB CO (BMY)](/companies/bmy.md) | COM | $1.26bn | 8.2% | 21,792,841 |  | Added +517,367 |
| [SOLVENTUM CORP (SOLV)](/companies/solv.md) | COM SHS | $1.25bn | 8.2% | 16,170,038 |  | Added +436,543 |
| [LIVE NATION ENTERTAINMENT IN (LYV)](/companies/lyv.md) | COM | $1.10bn | 7.2% | 6,013,439 |  | Added +148,682 |
| [TRANSUNION (TRU)](/companies/tru.md) | COM | $1.01bn | 6.6% | 13,976,652 |  | Added +1,844,708 |
| [KENVUE INC (KVUE)](/companies/kvue.md) | COM | $963.7m | 6.3% | 50,427,994 |  | Added +1,219,146 |
| [SALESFORCE INC (CRM)](/companies/crm.md) | COM | $911.6m | 6.0% | 5,818,837 |  | Added +1,783,787 |
| AON PLC | SHS CL A | $878.0m | 5.8% | 2,646,943 |  | Added +58,941 |
| [NEWS CORP NEW (NWSA)](/companies/nwsa.md) | CL A | $796.4m | 5.2% | 32,074,535 |  | Added +1,149,961 |
| [AIRBNB INC (ABNB)](/companies/abnb.md) | COM CL A | $776.1m | 5.1% | 5,423,764 |  | Added +148,103 |
| [JOHNSON & JOHNSON (JNJ)](/companies/jnj.md) | COM | $772.9m | 5.1% | 3,043,186 |  | Added +71,750 |
| [GARTNER INC (IT)](/companies/it.md) | COM | $723.7m | 4.7% | 5,582,962 |  | Added +982,191 |
| [INTERCONTINENTAL EXCHANGE IN (ICE)](/companies/ice.md) | COM | $646.7m | 4.2% | 5,253,130 |  | Added +297,938 |
| [ZILLOW GROUP INC (ZG)](/companies/zg.md) | CL C CAP STK | $513.8m | 3.4% | 16,300,754 |  | Added +3,103,325 |
| [EBAY INC. (EBAY)](/companies/ebay.md) | COM | $508.1m | 3.3% | 4,546,653 |  | Reduced −2,225,579 |
| [PHILIP MORRIS INTL INC (PM)](/companies/pm.md) | COM | $466.4m | 3.1% | 2,578,328 |  | Added +17,762 |
| [FOX CORP (FOXA)](/companies/foxa.md) | CL A COM | $438.1m | 2.9% | 8,398,658 |  | Added +223,964 |
| [LAUDER ESTEE COS INC (EL)](/companies/el.md) | CL A | $390.2m | 2.6% | 4,941,737 |  | Reduced −1,686,803 |
| [OTIS WORLDWIDE CORP (OTIS)](/companies/otis.md) | COM | $368.9m | 2.4% | 5,152,104 |  | Added +4,149,820 |
| [WARNER MUSIC GROUP CORP (WMG)](/companies/wmg.md) | COM CL A | $351.9m | 2.3% | 12,997,804 |  | Reduced −36,450 |
| [FOX CORP (FOXA)](/companies/foxa.md) | CL B COM | $256.8m | 1.7% | 5,482,675 |  | Added +174,794 |
| [NEWS CORP NEW (NWSA)](/companies/nwsa.md) | CL B | $253.2m | 1.7% | 9,023,857 |  | Reduced −87,903 |
| WARNER BROS DISCOVERY INC | COM SER A | $217.5m | 1.4% | 8,157,933 |  | Reduced −539,797 |
| [ZILLOW GROUP INC (ZG)](/companies/zg.md) | CL A | $115.2m | 0.8% | 3,672,937 |  | Added +934,455 |
| [RYAN SPECIALTY HOLDINGS INC (RYAN)](/companies/ryan.md) | CL A | $99.9m | 0.7% | 2,645,789 |  | Reduced −175,065 |
| [CORTEVA INC (CTVA)](/companies/ctva.md) | COM | $94.4m | 0.6% | 1,115,112 |  | Reduced −73,784 |
| [TKO GROUP HOLDINGS INC (TKO)](/companies/tko.md) | CL A | $86.4m | 0.6% | 429,092 |  | Reduced −28,508 |

Source: SEC EDGAR, Form 13F-HR, accession 0001172661-26-003379. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.