Independent Franchise Partners LLP
Independent Franchise Partners LLP, founded in 2009, is an employee-owned investment management firm headquartered in London, UK. It offers the Franchise investment approach, focusing on concentrated portfolios of high-quality companies for institutional investors globally. With around 26 to 37 employees, the firm emphasizes long-term investment returns, ownership stability, and serving institutional and professional clients. Its AUM as of mid-2025 is approximately $15 billion.
Investment Strategy
The firm utilizes the 'Franchise' investment approach, believing that concentrated portfolios of exceptionally high-quality companies, whose main advantage is supported by a dominant intangible asset, can generate attractive long-term returns with below-average volatility. The strategy focuses on both quality and value, seeking to compound client capital across full market cycles while managing absolute risk. Environmental, Social, and Governance (ESG) factors are integrated into its investment process, concentrating on financially material risks that impact franchise quality and valuation.
Latest 13F Filing Activity
Independent Franchise Partners LLP filed their most recent 13F report on Jun 30, 2025 disclosing 24 equity positions with a total 13F market value of $15B. The fund increased holdings in Kenvue Inc., Solventum Corp., Transunion among other positions. Independent Franchise Partners LLP reduced exposure to Ebay Inc., Fox Corp., Aon PLC among others.
Top Holdings
Equity Positions (24)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I ICE | INTERCONTINENTAL EXCHANGE IN | 7.45% | $1.12B | 6,105,335 | $122.19 | $183.47 | +$52.0M |
C CTVA | CORTEVA INC | 6.64% | $998.4M | 13,395,475 | $46.92 | $74.53 | -$57.9M |
B BMY | BRISTOL-MYERS SQUIBB CO | 6.46% | $971.0M | 20,976,954 | $55.52 | $46.29 | -$89.8M |
N NWSA | NEWS CORP NEW | 5.77% | $866.9M | 29,170,531 | $16.42 | $29.72 | +$126.8M |
L LYV | LIVE NATION ENTERTAINMENT IN | 5.68% | $853.3M | 5,640,306 | $124.33 | $151.28 | +$109.1M |