1y return+5.8%S&P 500 +20.9%
3y return+41.5%S&P 500 +68.5%
5y return+42.3%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since September 30, 2017: $248 against $297 in the S&P 500.2
Troy Asset Management LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VVisa Inc-class A Shares | $560.1M | 15.6% | |
| GOOGLAlphabet Inc-cl A | $458.3M | 12.8% | −13.3% |
| AAgilent Technologies Inc | $355.5M | 9.9% | +10.9% |
| CNICanadian Natl Railway Co | $322.3M | 9.0% | −2.5% |
| Chubb LtdCUSIP H1467J104 | $295.1M | 8.2% | |
| MSFTMicrosoft Corp | $246.1M | 6.9% | −4.0% |
| HUBBHubbell Inc | $229.3M | 6.4% | −20.9% |
| Alcon IncCUSIP H01301128 | $207.6M | 5.8% | +27.2% |
| VRSNVerisign Inc | $168.8M | 4.7% | −14.4% |
| MKLMarkel Group Inc | $120.1M | 3.4% | New |
| ADBEAdobe Inc | $97.1M | 2.7% | −9.7% |
| MAMastercard Inc - A | $71.2M | 2.0% | +8.0% |
| CMECme Group Inc | $61.5M | 1.7% | +21.9% |
| METAMeta Platforms Inc | $47.9M | 1.3% | +18.3% |
| TXNTexas Instruments Inc | $45.8M | 1.3% | −7.4% |
| BKNGBooking Holdings Inc | $41.2M | 1.1% | +21.4% |
| AMZNAmazon.com Inc Amzn Us | $32.1M | 0.9% | +10.3% |
| SYYSysco Corp | $31.5M | 0.9% | −7.3% |
| PAYXPaychex Inc | $24.7M | 0.7% | −31.4% |
| PEPPepsico Inc | $24.7M | 0.7% | −7.4% |
| PMPhilip Morris Int | $22.4M | 0.6% | −5.3% |
| NKENike Inc -cl B | $19.0M | 0.5% | −7.3% |
| SPGIS&p Global Inc | $18.5M | 0.5% | +10.3% |
| TTWOTake-two Interactive Softwre | $17.9M | 0.5% | +10.3% |
| CPCanadian Pacific Kansas City | $15.9M | 0.4% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGLAlphabet Inc-cl A | June 30, 2020 | +404.0% | $458.3M |
| BKNGBooking Holdings Inc | June 30, 2020 | +179.8% | $41.2M |
| PMPhilip Morris Int | June 30, 2020 | +158.2% | $22.4M |
| METAMeta Platforms Inc | June 30, 2020 | +148.1% | $47.9M |
| MSFTMicrosoft Corp | June 30, 2020 | +83.3% | $246.1M |
| TXNTexas Instruments Inc | December 31, 2022 | +80.4% | $45.8M |
| VVisa Inc-class A Shares | June 30, 2020 | +77.6% | $560.1M |
| MAMastercard Inc - A | June 30, 2020 | +73.7% | $71.2M |
| HUBBHubbell Inc | March 31, 2025 | +58.1% | $229.3M |
| MCOMoody's Corp | March 31, 2021 | +51.7% | $14.3M |
Sold off last quarter
- Accenture Plc-cl ACUSIP G1151C101 was $27.5M
- MCDMcdonald's Corp was $22.3M
- ADPAutomatic Data Processing was $21.9M
- TSMTaiwan Semiconductor-sp Adr was $57K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.0% | +14.8% |
| March 31, 2026 | −9.8% | −4.6% |
| December 31, 2025 | +5.3% | +2.4% |
| September 30, 2025 | +4.0% | +7.8% |
| June 30, 2025 | +8.5% | +10.5% |
| March 31, 2025 | +0.5% | −4.6% |
| December 31, 2024 | +3.5% | +2.1% |
| September 30, 2024 | +6.3% | +5.4% |
| June 30, 2024 | −0.4% | +4.0% |
| March 31, 2024 | +7.2% | +10.0% |
| December 31, 2023 | +7.9% | +11.2% |
| September 30, 2023 | −3.3% | −3.6% |
| June 30, 2023 | +5.8% | +8.3% |
| March 31, 2023 | +7.3% | +7.0% |
| December 31, 2022 | +9.5% | +7.1% |
| September 30, 2022 | −8.5% | −5.3% |
| June 30, 2022 | −15.8% | −16.5% |
| March 31, 2022 | −1.7% | −4.9% |
| December 31, 2021 | +5.7% | +10.7% |
| September 30, 2021 | +1.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Troy Asset Management Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1601407&type=13F-HR&dateb=&owner=include&count=40CIK 1601407
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1601407/000160140726000004/Filed July 31, 2026 · accession 0001601407-26-000004