SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Troy Asset Management Ltd

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

Reported Value
$5.7B
Q4 2021
Positions
34
Filings on Record
78
2019–present window
Filed
Feb 1, 2022
original filing

Summary

Troy Asset Management Ltd reported $5.7B in U.S.-listed holdings across 34 positions for Q4 2021.

Its largest position, MSFT, represents 15.5% of the portfolio.

The book was largely unchanged from Q3 2021.

Portfolio Metrics

Turnover
+2.4%
vs prior filed quarter
Top-10 Concentration
+83.3%
share of reported value
Largest Position
+15.5%
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: 91.2%Other: 8.8%
  • Common Stock · 91.2% · $5.2B
  • Other · 8.8% · $499M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EBAEBAY INCTRIMMED−96.5K82.6K−$7M$5M
MAMASTERCARD INC - AADDED+45.7K161.1K+$18M$58M
VVISA INC-CLASS A SHARESADDED+525.1K3.06M+$98M$664M
CLCOLGATE-PALMOLIVE COADDED+19.9K148.6K+$3M$13M
MSFTMICROSOFT CORPTRIMMED−161.3K2.60M+$96M$875M
FNVFRANCO-NEVADA CORP (US)HELD+64.7K2.10M+$26M$290M
METAMETA PLATFORMS INCHELD+5.1K166.4K+$1M$56M
BDXBECTON DICKINSON AND COHELD+26.8K927.4K+$12M$233M

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

Holdings — Q4 2021

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM15.47%$875M2.60M
2GOOGLALPHABET INC-CL Ahistory →COM14.35%$812M280.4K
3VVISA INC-CLASS A SHAREShistory →COM11.73%$664M3.06M
4MEDTRONIC INCCOM8.37%$474M4.58M
5PGPROCTER & GAMBLEhistory →COM7.14%$404M2.47M
6AXPAMERICAN EXPRESS COhistory →COM6.75%$382M2.34M
7PAYXPAYCHEX INChistory →COM5.38%$304M2.23M
8FNVFRANCO-NEVADA CORP (US)history →COM5.12%$290M2.10M
9AG8AGILENT TECHNOLOGIES INChistory →COM4.91%$278M1.74M
10BDXBECTON DICKINSON AND COhistory →COM4.12%$233M927.4K
11CMECME GROUP INChistory →COM2.86%$162M708.8K
12DUTMOODY'S CORP MCO UShistory →COM1.59%$90M230.3K
134I1PHILIP MORRIS INThistory →COM1.04%$59M618.3K
14MAMASTERCARD INC - Ahistory →COM1.02%$58M161.1K
15ADPAUTOMATIC DATA PROCESSINGhistory →COM1.00%$57M230.1K
16METAMETA PLATFORMS INChistory →COM0.99%$56M166.4K
17PEPPEPSICO INChistory →COM0.93%$52M302.0K
18INTUINTUIT INChistory →COM0.92%$52M81.0K
19JNJJOHNSON & JOHNSONhistory →COM0.68%$39M226.6K
20CSCOCISCO SYSTEMS INChistory →COM0.68%$39M611.2K
21PYPLPAYPAL HOLDINGS INChistory →COM0.63%$36M190.0K
22FASTFASTENAL COhistory →COM0.50%$29M445.7K
23FISVFISERV INChistory →COM0.46%$26M250.0K
24MCDMCDONALD'S CORPhistory →COM0.45%$25M94.7K
25HSYHERSHEY CO/THEhistory →COM0.44%$25M128.9K
26ACCENTURE PLC-CL ACOM0.44%$25M60.1K
27BKNGBOOKING HOLDINGS INChistory →COM0.37%$21M8.8K
28SPGIS&P GLOBAL INChistory →COM0.33%$19M39.4K
29TTWOTAKE-TWO INTERACTIVE SOFTWREhistory →COM0.28%$16M89.0K
30W3UWESTERN UNION COhistory →COM0.26%$15M832.0K
31KOCOCA-COLA COhistory →COM0.24%$14M228.5K
32CLXCLOROX COMPANYhistory →COM0.23%$13M74.8K
33CLCOLGATE-PALMOLIVE COhistory →COM0.22%$13M148.6K
34EBAEBAY INCCOM0.10%$5M82.6K

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 ↗.