SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Independent Franchise Partners LLP

CIK 0001483866 · LEVEL 1, 10 PORTMAN SQUARE, LONDON, X0, W1H6AZ · 442074959070

Reported Value
$10.0B
Q4 2019
Positions
22
Filings on Record
30
2019–present window
Filed
Feb 13, 2020
original filing

Summary

Independent Franchise Partners LLP reported $10.0B in U.S.-listed holdings across 22 positions for Q4 2019.

Its largest position, FOXA, represents 8.2% of the portfolio.

Compared with Q3 2019, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+10.7%
vs prior filed quarter
Top-10 Concentration
+63.5%
share of reported value
Largest Position
+8.2%
Fox
New / Exited
1 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $8.1BQ4 ’18Q1 ’19: $8.9BQ2 ’19: $9.7BQ3 ’19: $9.8BQ4 ’19: $10.0BQ4 ’19Q1 ’20: $8.1BQ2 ’20: $9.8BQ3 ’20: $10.1BQ4 ’20: $11.6BQ4 ’20Q1 ’21: $12.6BQ2 ’21: $13.4BQ3 ’21: $12.7BQ4 ’21: $12.7BQ4 ’21Q1 ’22: $12.7BQ2 ’22: $10.6BQ3 ’22: $9.5BQ4 ’22: $10.2BQ4 ’22Q1 ’23: $11.1BQ2 ’23: $11.9BQ3 ’23: $11.5BQ4 ’23: $11.8BQ4 ’23Q1 ’24: $12.1BQ2 ’24: $10.9BQ3 ’24: $11.3BQ4 ’24: $13.3BQ4 ’24Q1 ’25: $14.0BQ2 ’25: $15.0BQ3 ’25: $15.2BQ4 ’25: $15.7BQ4 ’25Q1 ’26: $14.3Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 94.7%Other: 5.3%
  • Common Stock · 94.7% · $9.5B
  • Other · 5.3% · $524M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CTVACORTEVA INCNEW+14.38M14.38M+$425M$425M
CMGCHIPOTLE MEXICAN GRILL INCSOLD OUT−568.6K0−$478M$0
MOALTRIA GROUP INCADDED+3.12M7.93M+$199M$396M
TIFEURTIFFANY & CO NEWTRIMMED−570.3K412.0K−$36M$55M
EAELECTRONIC ARTS INCADDED+1.14M4.44M+$155M$478M
MSFTMICROSOFT CORPTRIMMED−1.98M4.39M−$193M$693M
EFXEQUIFAX INCTRIMMED−691.1K3.10M−$99M$434M
IAA-WUSDIAA INCTRIMMED−159.3K814.9K−$2M$38M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2019

21 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FOXAFOX CORPhistory →CL A COM8.16%$814M21.96M
2JNJJOHNSON & JOHNSONhistory →COM7.64%$762M5.22M
3AAPLAPPLE INChistory →COM7.41%$739M2.52M
4MSFTMICROSOFT CORPhistory →COM6.94%$693M4.39M
5BKNGBOOKING HLDGS INChistory →COM6.84%$682M332.2K
6W3UWESTERN UN COhistory →COM6.19%$618M23.07M
7NWSANEWS CORP NEWCL A · CL B5.60%$559M39.26M
8SPGIS&P GLOBAL INChistory →COM5.27%$526M1.93M
9ACCENTURE PLC IRELANDSHS CLASS A5.25%$524M2.49M
10BMYBRISTOL MYERS SQUIBB COhistory →COM4.96%$495M7.71M
11EAELECTRONIC ARTS INChistory →COM4.79%$478M4.44M
12TAPMOLSON COORS BREWING COhistory →CL B4.36%$435M8.08M
13EFXEQUIFAX INChistory →COM4.35%$434M3.10M
14CTVACORTEVA INChistory →COM4.26%$425M14.38M
15ORCLORACLE CORPhistory →COM4.12%$411M7.76M
16MOALTRIA GROUP INChistory →COM3.97%$396M7.93M
17EBAEBAY INChistory →COM3.49%$348M9.65M
184I1PHILIP MORRIS INTL INChistory →COM3.17%$316M3.72M
19TRUTRANSUNIONhistory →COM2.28%$228M2.66M
20TIFEURTIFFANY & CO NEWhistory →COM0.55%$55M412.0K
21IAA-WUSDIAA INChistory →COM0.38%$38M814.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$14.3B26May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$15.7B27Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$15.2B29Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$15.0B25Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$14.0B25May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$13.3B25Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$11.3B25Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$10.9B24Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$12.1B23May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$11.8B25Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$11.5B24Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$11.9B24Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$11.1B23May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$10.2B24Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$9.5B25Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$10.6B26Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$12.7B26May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$12.7B26Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$12.7B25Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$13.4B24Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$12.6B24May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$11.6B25Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$10.1B25Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$9.8B25Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$8.1B26May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$10.0B22Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$9.8B22Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$9.7B20Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$8.9B22May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$8.1B18Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.