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Funds (13F)

Independent Franchise Partners LLP

Backtest from 2 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+16.1%
S&P 500 +13.8%
Last 12 months
+17.8%
S&P 500 +12.1%
Sharpe ratio
0.87
S&P 500 0.76
Biggest drop
−30.6%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $72.0k$55.3k
StrategyS&P 500 $10,000 in Independent Franchise Partners LLP from 2 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Independent Franchise Partners LLP's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Independent Franchise Partners LLP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+16.1%+13.8%
Total return+620%+453%
Last 12 months+17.8%+12.1%
Last 3 months+8.0%—
Last month+9.6%—
This year so far+10.4%—
Volatility a year16.3%16.0%
Sharpe ratio0.870.76
Biggest drop−30.6%−31.8%
Beta to the S&P 5000.901.00
Alpha a year (t-statistic)+3.3% (1.54)—
Share of weeks up58%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
BMY8.7%——
SOLV8.7%——
LYV7.7%——
TRU7.0%——
KVUE6.7%——
CRM6.3%——
AON6.1%——
NWSA5.5%——
ABNB5.4%——
JNJ5.4%——
IT5.0%——
ICE4.5%——
Z3.6%——
EBAY3.5%——
PM3.2%——
FOXA3.0%——
EL2.7%——
OTIS2.6%——
WMG2.4%——
RYAN0.7%——
CTVA0.7%——
TKO0.6%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest2 Aug 2013 to 2 Nov 2026+16.1%+13.8%0.870.76−30.6%0.90+3.3% (1.54)
2018 onwards5 Jan 2018 to 2 Nov 2026+15.2%+13.9%0.710.66−30.6%0.89+2.5% (0.84)
Last three years3 Nov 2023 to 2 Nov 2026+23.3%+21.8%1.181.16−12.4%0.64+7.2% (1.04)
Last year7 Nov 2025 to 2 Nov 2026+18.0%+14.2%0.850.84−11.7%0.45+9.3% (0.60)
DateCompanyAction
20 Feb 2026CRMBought
21 Nov 2025RYANBought
21 Nov 2025OTISBought
21 Nov 2025ITBought
21 Nov 2025ABNBBought
15 Nov 2024ZBought
15 Nov 2024WMGBought
15 Nov 2024TRUBought
15 Nov 2024TKOBought
15 Nov 2024SOLVBought
15 Nov 2024RTOBought
15 Nov 2024RBABought
15 Nov 2024PMBought
15 Nov 2024ORCLBought
15 Nov 2024NWSABought
15 Nov 2024LYVBought
15 Nov 2024KVUEBought
15 Nov 2024JNJBought
15 Nov 2024ICEBought
15 Nov 2024FOXABought
15 Nov 2024ELBought
15 Nov 2024EBAYBought
15 Nov 2024CTVABought
15 Nov 2024BMYBought
15 Nov 2024AONBought

Dated at the rebalance that made the change.

DateCompanyAction
15 May 2026RBASold
20 Feb 2026RTOSold
20 Feb 2026ORCLSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest