Instuitional Investor - Independent Franchise Partners Llp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Solventum Corp	SOLV	12,899,240	$941,644,520	6.21%
2.	Bristol Myers Squibb Co	BMY	20,623,351	$930,113,130	6.13%
3.	Live Nation Entertainment Inc.	LYV	5,540,614	$905,336,327	5.97%
4.	News Corp	NWS	28,796,357	$884,336,123	5.83%
5.	Johnson & Johnson	JNJ	4,588,890	$850,871,983	5.61%