SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Independent Franchise Partners LLP

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

Reported Value
$9.8B
Q2 2020
Positions
25
Filings on Record
30
2019–present window
Filed
Aug 13, 2020
original filing

Summary

Independent Franchise Partners LLP reported $9.8B in U.S.-listed holdings across 25 positions for Q2 2020.

Its largest position, JNJ, represents 7.4% of the portfolio.

Compared with Q1 2020, the fund opened 0 new positions and exited 1.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+59.7%
share of reported value
Largest Position
+7.4%
Johnson Johnson

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: 95.9%Other: 4.1%
  • Common Stock · 95.9% · $9.4B
  • Other · 4.1% · $405M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ADSKAUTODESK INCADDED+412.0K627.2K+$116M$150M
TAPMOLSON COORS BEVERAGE COSOLD OUT−5.86M0−$229M$0
4I1PHILIP MORRIS INTL INCADDED+2.29M7.14M+$147M$500M
EFXEQUIFAX INCTRIMMED−860.9K1.08M−$46M$185M
SERVUSDSERVICEMASTER GLOBAL HLDGS IADDED+523.4K2.09M+$32M$75M
METAFACEBOOK INCTRIMMED−483.8K973.4K−$22M$221M
BMYBRISTOL-MYERS SQUIBB COADDED+1.95M10.85M+$142M$638M
BKNGBOOKING HOLDINGS INCTRIMMED−59.4K308.7K−$4M$492M

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

Holdings — Q2 2020

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1JNJJOHNSON & JOHNSONhistory →COM7.37%$726M5.16M
2FOXAFOX CORPhistory →CL A COM6.94%$683M25.46M
3MSFTMICROSOFT CORPhistory →COM6.84%$673M3.31M
4AAPLAPPLE INChistory →COM6.53%$643M1.76M
5BMYBRISTOL-MYERS SQUIBB COhistory →COM6.48%$638M10.85M
6EAELECTRONIC ARTS INChistory →COM5.89%$580M4.39M
7NWSANEWS CORP NEWCL A · CL B5.22%$514M43.26M
84I1PHILIP MORRIS INTL INChistory →COM5.08%$500M7.14M
9CTVACORTEVA INChistory →COM4.99%$492M18.35M
10BKNGBOOKING HOLDINGS INChistory →COM4.99%$492M308.7K
11IBMINTERNATIONAL BUSINESS MACHShistory →COM4.57%$450M3.73M
12W3UWESTERN UN COhistory →COM4.37%$431M19.92M
13SPGIS&P GLOBAL INChistory →COM4.27%$420M1.27M
14ORCLORACLE CORPhistory →COM4.26%$419M7.59M
15ACCENTURE PLC IRELANDSHS CLASS A4.11%$405M1.89M
16EBAEBAY INC.history →COM4.08%$402M7.67M
17MOALTRIA GROUP INChistory →COM3.20%$315M8.02M
18GOOGLALPHABET INChistory →CAP STK CL A2.83%$279M196.5K
19METAFACEBOOK INChistory →CL A2.24%$221M973.4K
20EFXEQUIFAX INChistory →COM1.88%$185M1.08M
21ADSKAUTODESK INChistory →COM1.52%$150M627.2K
22WWEUSDWORLD WRESTLING ENTMT INChistory →CL A0.99%$98M2.25M
23SERVUSDSERVICEMASTER GLOBAL HLDGS Ihistory →COM0.76%$75M2.09M
24IAA-WUSDIAA INChistory →COM0.59%$58M1.51M

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 ↗.