Instuitional Investor - Independent Franchise Partners Llp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Rb Global Inc		15,207,574	$1,017,234,624	8.64%
2.	Intercontinentalexchange Inc	ICE	6,065,419	$778,981,762	6.62%
3.	Zillow Inc	Z	12,969,551	$750,418,220	6.37%
4.	News Corp	NWS	30,061,983	$738,021,682	6.27%
5.	Bristol Myers Squibb Co	BMY	14,065,112	$721,680,896	6.13%