INDEPENDENT FRANCHISE PARTNERS LLP
Q2 2026 Form 13-F
LONDON
CIK 0001483866
· CRD 150108
· SEC-registered investment adviser
$15.2B Reported Value Total
INDEPENDENT FRANCHISE PARTNERS LLP reports 35 total accounts under management (AUM). There are 35 discretionary accounts valued at $23,845,058,541, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
2 funds
· $4.5B gross asset value
Other: $4.5B
Source: Form ADV filed 2026-07-02
Reported value
$15.2B
Quarter over quarter
+1.0%
Holdings
26
Top-10 concentration
63.7%
Key People
Form ADV owners & control persons
Jayson Ian Vowles
OWNER
Richard Francis Crosthwaite
PARTNER
Sandeep Parvin Ghela
PARTNER, CHIEF COMPLIANCE OFFICER & CHIEF OPERATING OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q2 2026 13F record
Q2 2026 13F filing summary
| Period of report | June 30, 2026 |
|---|---|
| Filed | August 13, 2026 |
| Form | 13F-HR |
| Reported value | $15.2B |
| Positions | 26 |
| Change in reported value | +6.7% |
| New positions | 0 |
| Exited positions | 0 |
| Position turnover | 0.0% |
| Top-10 concentration | 63.7% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 13, 2026
|
26 | $15.2B |
|
Q1 2026 13F
Filed May 14, 2026
|
26 | $14.3B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
27 | $15.7B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
29 | $15.2B |
|
Q2 2025 13F
Filed Aug 13, 2025
|
25 | $15.0B |
|
Q1 2025 13F
Filed May 14, 2025
|
25 | $14.0B |
|
Q4 2024 13F
Filed Feb 13, 2025
|
25 | $13.3B |
|
Q3 2024 13F
Filed Nov 13, 2024
|
25 | $11.3B |
|
Q2 2024 13F
Filed Aug 13, 2024
|
24 | $10.9B |
|
Q1 2024 13F
Filed May 14, 2024
|
23 | $12.1B |
|
Q4 2023 13F
Filed Feb 13, 2024
|
25 | $11.8B |
|
Q3 2023 13F
Filed Nov 13, 2023
|
24 | $11.5B |
|
Q2 2023 13F
Filed Aug 11, 2023
|
24 | $11.9B |
|
Q1 2023 13F
Filed May 12, 2023
|
23 | $11.1B |
|
Q4 2022 13F
Filed Feb 13, 2023
|
24 | $10.2B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
25 | $9.5B |
|
Q2 2022 13F
Filed Aug 12, 2022
|
26 | $10.6B |
|
Q1 2022 13F
Filed May 13, 2022
|
26 | $12.7B |
|
Q4 2021 13F
Filed Feb 11, 2022
|
26 | $12.7B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
25 | $12.7B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | BMY BRISTOL-MYERS SQUIBB CO | $1.3B | 8.24% |
| 2 | SOLV SOLVENTUM CORP | $1.2B | 8.18% |
| 3 | LYV LIVE NATION ENTERTAINMENT IN | $1.1B | 7.22% |
| 4 | TRU TRANSUNION | $1.0B | 6.61% |
| 5 | KVUE KENVUE INC | $963.7M | 6.32% |
| 6 | CRM SALESFORCE INC | $911.6M | 5.98% |
| 7 | AON AON PLC | $878.0M | 5.76% |
| 8 | NWSA NEWS CORP NEW | $796.4M | 5.22% |
| 9 | ABNB AIRBNB INC | $776.1M | 5.09% |
| 10 | JNJ JOHNSON & JOHNSON | $772.9M | 5.07% |
| 11 | IT GARTNER INC | $723.7M | 4.75% |
| 12 | ICE INTERCONTINENTAL EXCHANGE IN | $646.7M | 4.24% |
| 13 | Z ZILLOW GROUP INC | $513.8M | 3.37% |
| 14 | EBAY EBAY INC. | $508.1M | 3.33% |
| 15 | PM PHILIP MORRIS INTL INC | $466.4M | 3.06% |
| 16 | FOXA FOX CORP | $438.1M | 2.87% |
| 17 | EL LAUDER ESTEE COS INC | $390.2M | 2.56% |
| 18 | OTIS OTIS WORLDWIDE CORP | $368.9M | 2.42% |
| 19 | WMG WARNER MUSIC GROUP CORP | $351.9M | 2.31% |
| 20 | FOX FOX CORP | $256.8M | 1.68% |
Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.