Independent Franchise Partners LLP
Annual return '25
+14.6%
SPY '25
+17.7%
Alpha
-3.1ptsvs SPY
Invested
$28.6B
Holdings
26
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 97%. 2 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$BMY
BRISTOL-MYERS SQUIBB CO
Q3 2025: Sold 1.7% (20.98M → 20.62M shares)
9.3%
02
$SOLV
SOLVENTUM CORP
Q3 2025: Increased +27.2% (10.14M → 12.90M shares)
7.4%
03
$LYV
LIVE NATION ENTERTAINMENT IN
Q3 2025: Sold 1.8% (5.64M → 5.54M shares)
6.4%
04
$KVUE
KENVUE INC
Q3 2025: Sold 1.5% (31.27M → 30.80M shares)
6.1%
05
$TRU
TRANSUNION
Q3 2025: Sold 1.5% (4.65M → 4.58M shares)
6.1%
06
$ICE
INTERCONTINENTAL EXCHANGE IN
Q3 2025: Sold 21.7% (6.11M → 4.78M shares)
5.6%
07
$NWSA
NEWS CORP NEW
Q3 2025: Sold 1.3% (29.17M → 28.80M shares)
5.6%
08
$CRM
SALESFORCE INC
Held since at least Q1 2024
5.4%
09
$IT
GARTNER INC
Q3 2025: New position (3.20M shares)
5.3%
10
$JNJ
JOHNSON & JOHNSON
Q3 2025: Sold 12.5% (5.24M → 4.59M shares)
5.2%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 09:28 UTC.