SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Troy Asset Management Ltd

CIK 0001601407 · 33 DAVIES STREET, LONDON, W1K4BP · 00442074994030

Reported Value
$3.0B
Q1 2020
Positions
44
Filings on Record
78
2019–present window
Filed
May 14, 2020
original filing

Summary

Troy Asset Management Ltd reported $3.0B in U.S.-listed holdings across 44 positions for Q1 2020.

Its largest position, MSFT, represents 14.3% of the portfolio.

The book was largely unchanged from Q4 2019.

Portfolio Metrics

Turnover
+14.9%
vs prior filed quarter
Top-10 Concentration
+81.5%
share of reported value
Largest Position
+14.3%
Microsoft

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: $2.0BQ4 ’18Q1 ’19: $2.0BQ2 ’19: $2.4BQ3 ’19: $2.5BQ4 ’19: $2.7BQ4 ’19Q1 ’20: $3.0BQ2 ’20: $3.6BQ3 ’20: $4.1BQ4 ’20: $4.9BQ4 ’20Q1 ’21: $5.3BQ2 ’21: $5.8BQ3 ’21: $5.2BQ4 ’21: $5.7BQ4 ’21Q1 ’22: $5.6BQ2 ’22: $4.8BQ3 ’22: $3.4BQ1 ’23: $3MQ1 ’23Q2 ’23: $3MQ3 ’23: $3MQ4 ’23: $3MQ1 ’24: $3MQ1 ’24Q3 ’24: $3.1BQ4 ’24: $3.0BQ1 ’25: $3.1BQ2 ’25: $3.6BQ2 ’25Q3 ’25: $3.7BQ4 ’25: $3.9BQ1 ’26: $3.4Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 90.4%Other: 9.6%
  • Common Stock · 90.4% · $2.7B
  • Other · 9.6% · $291M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PAYXPAYCHEX INCADDED+1.58M1.68M+$97M$106M
VVISA INC-CLASS A SHARESADDED+1.30M1.45M+$205M$234M
MAMASTERCARD INC - AADDED+41.2K56.9K+$9M$14M
MEDTRONIC INCADDED+1.97M3.13M+$151M$283M
GOOGLALPHABET INC-CL AADDED+132.4K259.9K+$131M$302M
WFCWELLS FARGO & COTRIMMED−2.48M347.8K−$142M$10M
4I1PHILIP MORRIS INTADDED+1.34M3.60M+$71M$262M
AG8AGILENT TECHNOLOGIES INCADDED+698.5K1.89M+$34M$135M

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

Holdings — Q1 2020

44 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM14.26%$434M2.75M
2GOOGLALPHABET INC-CL Ahistory →COM9.93%$302M259.9K
3MEDTRONIC INCCOM9.30%$283M3.13M
4PGPROCTER & GAMBLEhistory →COM8.99%$273M2.48M
54I1PHILIP MORRIS INThistory →COM8.63%$262M3.60M
6VVISA INC-CLASS A SHAREShistory →COM7.69%$234M1.45M
7KOCOCA-COLA COhistory →COM7.31%$222M5.03M
8BRK/ABERKSHIRE HATHAWAY-A SHShistory →COM6.04%$184M675
9AXPAMERICAN EXPRESS COhistory →COM4.90%$149M1.74M
10FNVFRANCO-NEVADA CORP (US)history →COM4.48%$136M1.37M
11AG8AGILENT TECHNOLOGIES INChistory →COM4.45%$135M1.89M
12PAYXPAYCHEX INChistory →COM3.47%$106M1.68M
13CLCOLGATE-PALMOLIVE COhistory →COM3.46%$105M1.58M
14PYPLPAYPAL HOLDINGS INChistory →COM0.75%$23M237.4K
15BDXBECTON DICKINSON AND COhistory →COM0.60%$18M79.7K
16JNJJOHNSON & JOHNSONhistory →COM0.50%$15M115.5K
17FISVFISERV INChistory →COM0.47%$14M151.8K
18MAMASTERCARD INC - Ahistory →COM0.45%$14M56.9K
19METAFACEBOOK INC-Ahistory →COM0.44%$13M79.6K
20INTUINTUIT INChistory →COM0.43%$13M56.6K
21PEPPEPSICO INChistory →COM0.40%$12M102.2K
22WFCWELLS FARGO & COCOM0.33%$10M347.8K
23CSCOCISCO SYSTEMS INCCOM0.28%$9M220.0K
24BKNGBOOKING HOLDINGS INCCOM0.27%$8M6.0K
25ESEVERSOURCE ENERGYCOM0.24%$7M92.0K
26MOALTRIA GROUP INCCOM0.22%$7M176.4K
27CLXCLOROX COMPANY CLX USCOM0.20%$6M35.0K
28EBAEBAY INCCOM0.20%$6M199.9K
29DISWALT DISNEY CO/THE DIS USCOM0.20%$6M62.1K
30W3UWESTERN UNION COCOM0.17%$5M280.0K
31HSYHERSHEY CO/THECOM0.16%$5M36.0K
32BACVERIZON COMMUNICATIONS INCCOM0.15%$5M87.7K
33EMREMERSON ELECTRIC COCOM0.15%$5M98.0K
34MCDMCDONALD'S CORPCOM0.13%$4M24.0K
35THOMSON REUTERS CORPCOM0.13%$4M40.3K
36ACCENTURE PLC-CL ACOM0.12%$4M23.0K
37PFEPFIZER INCCOM0.04%$1M33.0K
38WHITE MOUNTAINS INSURANCE GPCOM0.02%$605,000665
39UTXZUNITED TECHNOLOGIES CORPCOM0.02%$566,0006.0K
40NWSANEWS CORP-CL ACOM0.02%$538,00060.0K
41EXMOCEXXON MOBIL CORPCOM0.01%$304,0008.0K
42MDLZMONDELEZ INTERNATIONAL INC-ACOM0.00%$87,0001.7K
43KRAFT HEINZ COCOM0.00%$14,000576
44GENERAL ELECTRIC COCOM0.00%$4,000560

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.4B30May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.9B31Feb 9, 202613F-HRchanges · EDGAR ↗
Q3 2025$3.7B31Nov 7, 2025RESTATEMENTchanges · EDGAR ↗
Q2 2025$3.6B31Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$3.1B30May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$3.0B31Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.1B31Nov 1, 202413F-HRchanges · EDGAR ↗
Q2 2024REVEALEDUnder review61Jul 23, 202413F-HRchanges · EDGAR ↗
Q1 2024$3M31Apr 29, 202413F-HRchanges · EDGAR ↗
Q4 2023$3M32Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$3M35Nov 3, 202313F-HRchanges · EDGAR ↗
Q2 2023$3M34Aug 1, 202313F-HRchanges · EDGAR ↗
Q1 2023$3M34Apr 28, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review34Jan 20, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.4B34Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$4.8B34Aug 5, 202213F-HRchanges · EDGAR ↗
Q1 2022$5.6B35May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$5.7B34Feb 1, 202213F-HRchanges · EDGAR ↗
Q3 2021$5.2B34Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$5.8B35Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$5.3B39May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$4.9B46Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.1B44Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$3.6B45Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.0B44May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.7B44Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.5B42Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.4B42Jul 25, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.0B42Apr 26, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.0B42Jan 22, 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 ↗.