Independent Franchise Partners LLP

CIK 0001483866 · Q2 2026

13F Equity AUM

$15.2B

+6.7% QoQ

Positions

0 QoQ

AUM Rank

#403

Top 5%

Skill Alpha (FF)

+5.2%/yr

Alpha Generator

Rank #705 · Top 9%

vs S&P +2.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 36.6%Top 10: 63.7%Top 20: 94.3%

BMY8.2%

SOLV8.2%

LYV7.2%

TRU6.6%

KVUE6.3%

CRM6.0%

AON5.8%

NWSA5.2%

ABNB5.1%

JNJ5.1%

Others (16)36.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Communication Services27.1%

Healthcare21.5%

Technology10.7%

Financial Services10.7%

Industrials9.0%

Consumer Defensive8.9%

Consumer Cyclical5.1%

Consumer Discretionary3.3%

Other3.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 26Median: 3.35%Avg: 3.85%

0–0.5%

0(0.0%)

0.5–1%

4(2.6%)

1–3%

7(14.9%)

3–5%

5(18.8%)

5%+

10(63.7%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 26vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New0Increased18Decreased8Exited0

Increased

OTIS2.4%

+4.1M(+414%)

Z3.4%

+3.1M(+24%)

TRU6.6%

+1.8M(+15%)

CRM6.0%

+1.8M(+44%)

KVUE6.3%

+1.2M(+2%)

NWSA5.2%

+1.1M(+4%)

IT4.8%

+982K(+21%)

ZG0.8%

+934K(+34%)

BMY8.2%

+517K(+2%)

SOLV8.2%

+437K(+3%)

Decreased

EBA3.3%

-2,225,579(-33%)

EL2.6%

-1,686,803(-25%)

WBD1.4%

-539,797(-6%)

RYAN0.7%

-175,065(-6%)

NWS1.7%

-87,903(-1%)

CTVA0.6%

-73,784(-6%)

WMG2.3%

-36,450(-0%)

TKO0.6%

-28,508(-6%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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