SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Independent Franchise Partners LLP

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

Reported Value
$10.6B
Q2 2022
Positions
26
Filings on Record
30
2019–present window
Filed
Aug 12, 2022
original filing

Summary

Independent Franchise Partners LLP reported $10.6B in U.S.-listed holdings across 26 positions for Q2 2022.

Its largest position, BMY, represents 9.0% of the portfolio.

The book was largely unchanged from Q1 2022.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+58.2%
share of reported value
Largest Position
+9.0%
Bristol Myers Squibb

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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 93.5%Other: 6.5%
  • Common Stock · 93.5% · $9.9B
  • Other · 6.5% · $694M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRMSALESFORCE INCADDED+1.83M3.64M+$217M$600M
TRUTRANSUNIONADDED+1.75M5.75M+$46M$460M
ZGZILLOW GROUP INCADDED+590.0K2.41M−$11M$77M
ZZILLOW GROUP INCADDED+3.23M13.81M−$83M$438M
CTVACORTEVA INCTRIMMED−2.18M9.77M−$158M$529M
BMYBRISTOL-MYERS SQUIBB COTRIMMED−2.66M12.39M−$145M$954M
TERMINIX GLOBAL HOLDINGS INCTRIMMED−180.9K1.64M−$16M$67M
JNJJOHNSON & JOHNSONTRIMMED−313.9K2.90M−$55M$514M

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

Holdings — Q2 2022

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BMYBRISTOL-MYERS SQUIBB COhistory →COM8.97%$954M12.39M
2NWSANEWS CORP NEWCL A · CL B6.10%$648M41.36M
34I1PHILIP MORRIS INTL INChistory →COM6.04%$643M6.51M
4FOXAFOX CORPhistory →CL A COM6.03%$641M19.95M
5CRMSALESFORCE INChistory →COM5.64%$600M3.64M
6AON PLCSHS CL A5.45%$579M2.15M
7EAELECTRONIC ARTS INChistory →COM5.34%$568M4.67M
8CTVACORTEVA INChistory →COM4.97%$529M9.77M
9ZZILLOW GROUP INCCL C CAP STK · CL A4.84%$515M16.21M
10JNJJOHNSON & JOHNSONhistory →COM4.83%$514M2.90M
11GOOGLALPHABET INChistory →CAP STK CL A4.76%$506M232.3K
12ICEINTERCONTINENTAL EXCHANGE INhistory →COM4.62%$491M5.22M
13TRUTRANSUNIONhistory →COM4.32%$460M5.75M
14BKNGBOOKING HOLDINGS INChistory →COM4.30%$457M261.3K
15EBAEBAY INC.history →COM4.25%$453M10.86M
16ORCLORACLE CORPhistory →COM4.12%$438M6.27M
17MSFTMICROSOFT CORPhistory →COM3.89%$414M1.61M
18SPGIS&P GLOBAL INChistory →COM3.70%$393M1.17M
19W3UWESTERN UN COhistory →COM2.65%$282M17.14M
20RBAGBPRITCHIE BROS AUCTIONEERShistory →COM1.51%$161M2.47M
21ACCENTURE PLC IRELANDSHS CLASS A1.08%$114M412.0K
22WWEUSDWORLD WRESTLING ENTMT INChistory →CL A1.01%$108M1.72M
23IAA-WUSDIAA INChistory →COM0.96%$102M3.10M
24TERMINIX GLOBAL HOLDINGS INCCOM0.63%$67M1.64M

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 ↗.