Independent Franchise Partners (Hassan Elmasry) latest 13F portfolio: 26 holdings worth $14.3B as of Q1 2026.
Backtested since 2020: mirroring Independent Franchise Partners's reported 13F equity holdings each quarter would have returned +181.2% versus +193.3%for the S&P 500 (+18.1% annualized). See the Performance tab for the full equity curve.
Investor: Hassan Elmasry
Number of Assets: 26
Reporting Period: Q1 - 2026
Holdings at Report: $14,289,822,035
Return $ Since Report: +$1,439,238,475
Return % Since Report: +10.07%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Johnson & Johnson (JNJ) | Equity | -18.73% | 2,971,436 | 5.08% | $244.44 | $256.22 | $726,337,815 | $761,341,332 | +$35,003,517 | +4.82% |
| Live Nation Entertainment Inc. (LYV) | Equity | +2.29% | 5,864,757 | 6.26% | $152.51 | $182.56 | $894,434,090 | $1,070,670,038 | +$176,235,948 | +19.70% |
| Zillow Group Inc. (ZG) | Equity | +35.26% | 2,738,482 | 0.79% | $41.39 | $32.08 | $113,345,769 | $87,850,503 | -$25,495,266 | -22.49% |
| Ryan Specialty Holdings Inc. (RYAN) | Equity | +33.35% | 2,820,854 | 0.67% | $33.74 | $44.56 | $95,175,613 | $125,697,254 | +$30,521,641 | +32.07% |
| News Corp. (NWSA) | Equity | +3.31% | 30,924,574 | 5.40% | $24.93 | $29.72 | $770,949,629 | $918,923,716 | +$147,974,087 | +19.19% |
| Ebay Inc. (EBAY) | Equity | -12.60% | 6,772,232 | 4.31% | $91.02 | $109.54 | $616,408,556 | $741,796,432 | +$125,387,876 | +20.34% |
| Gartner Inc. (IT) | Equity | +39.06% | 4,600,771 | 5.10% | $158.34 | $181.52 | $728,486,080 | $835,131,952 | +$106,645,872 | +14.64% |
| Zillow Group Inc. (Z) | Equity | +20.49% | 13,197,429 | 3.82% | $41.38 | $31.52 | $546,109,612 | $415,982,962 | -$130,126,650 | -23.83% |
| Corteva Inc. (CTVA) | Equity | -88.67% | 1,188,896 | 0.70% | $83.71 | $76.98 | $99,522,484 | $91,521,214 | -$8,001,270 | -8.04% |
| Kenvue Inc. (KVUE) | Equity | +2.21% | 49,208,848 | 5.94% | $17.24 | $19.12 | $848,360,539 | $940,627,130 | +$92,266,591 | +10.88% |
| Tko Group Holdings Inc. (TKO) | Equity | -5.81% | 457,600 | 0.65% | $201.65 | $189.06 | $92,275,040 | $86,513,856 | -$5,761,184 | -6.24% |
| Bristol-Myers Squibb Company (BMY) | Equity | +2.15% | 21,275,474 | 9.03% | $60.65 | $63.60 | $1,290,357,498 | $1,353,120,146 | +$62,762,648 | +4.86% |
| Transunion (TRU) | Equity | +32.78% | 12,131,944 | 5.87% | $69.19 | $79.01 | $839,409,205 | $958,544,895 | +$119,135,690 | +14.19% |
| Solventum Corp. (SOLV) | Equity | +2.46% | 15,733,495 | 7.19% | $65.30 | $84.46 | $1,027,397,223 | $1,328,850,988 | +$301,453,765 | +29.34% |
| Airbnb Inc. (ABNB) | Equity | +2.51% | 5,275,661 | 4.66% | $126.28 | $149.73 | $666,210,471 | $789,924,722 | +$123,714,251 | +18.57% |
| Warner Bros. Discovery Inc. (WBD) | Equity | -31.50% | 8,697,730 | 1.67% | $27.46 | $26.55 | $238,839,665 | $230,881,243 | -$7,958,422 | -3.33% |
| Aon PLC (AON) | Equity | +22.33% | 2,588,002 | 5.85% | $322.78 | $357.53 | $835,355,285 | $925,288,355 | +$89,933,070 | +10.77% |
| Philip Morris International Inc. (PM) | Equity | -33.03% | 2,560,566 | 2.96% | $165.34 | $187.88 | $423,363,982 | $481,084,261 | +$57,720,279 | +13.63% |
| Intercontinental Exchange Inc. (ICE) | Equity | +2.55% | 4,955,192 | 5.45% | $157.28 | $148.86 | $779,352,597 | $737,629,881 | -$41,722,716 | -5.35% |
| Salesforce Inc. (CRM) | Equity | +650.01% | 4,035,050 | 5.27% | $186.67 | $185.41 | $753,222,783 | $748,138,621 | -$5,084,163 | -0.67% |
| Fox Corp. (FOX) | Equity | +2.57% | 5,307,881 | 1.97% | $53.10 | $55.01 | $281,848,481 | $291,986,534 | +$10,138,053 | +3.60% |
| News Corp. (NWS) | Equity | -0.54% | 9,111,760 | 1.82% | $28.51 | $33.98 | $259,776,277 | $309,617,605 | +$49,841,328 | +19.19% |
| Otis Worldwide Corp. (OTIS) | Equity | -5.81% | 1,002,284 | 0.54% | $77.08 | $73.50 | $77,256,050 | $73,666,872 | -$3,589,178 | -4.65% |
| Fox Corp. (FOXA) | Equity | -16.39% | 8,174,694 | 3.34% | $58.40 | $61.84 | $477,402,129 | $505,523,077 | +$28,120,948 | +5.89% |
| Warner Music Group Corp. (WMG) | Equity | -0.47% | 13,034,254 | 2.33% | $25.54 | $26.34 | $332,894,847 | $343,257,079 | +$10,362,232 | +3.11% |
| The Estée Lauder Companies Inc. (EL) | Equity | -15.42% | 6,628,540 | 3.33% | $71.77 | $86.82 | $475,730,315 | $575,489,843 | +$99,759,528 | +20.97% |