# Independent Franchise Partners US Equity Fund

Independent Franchise Partners US Equity Fund is a registered fund series of Advisers Investment Trust (series S000032964). Net assets $1.5B as of 2026-03-31.

## Profile

- Series ID: S000032964
- Registrant: Advisers Investment Trust
- LEI: 549300CEKV4YBYWQON24
- Net assets: $1.5B
- Total assets: $1.5B
- As of: 2026-03-31

## Advisers

- [INDEPENDENT FRANCHISE PARTNERS LLP (Advisor)](https://search.stillhousedata.com/firm/150108)

## Top holdings (32 reported)

_Showing 15 of 32 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [Bristol-Myers Squibb Company](https://search.stillhousedata.com/security/110122108) | — | $96.2M | 628.54% |
| [Warner Bros. Discovery Inc.](https://search.stillhousedata.com/security/934423104) | — | $84.7M | 553.17% |
| [Aon PLC](https://search.stillhousedata.com/security/G0403H108) | — | $69.0M | 450.57% |
| [Solventum Corp.](https://search.stillhousedata.com/security/83444M101) | — | $65.1M | 425.00% |
| [Live Nation Entertainment, Inc.](https://search.stillhousedata.com/security/538034109) | — | $63.9M | 417.21% |
| [Kenvue Inc.](https://search.stillhousedata.com/security/49177J102) | — | $62.0M | 404.69% |
| [Johnson & Johnson](https://search.stillhousedata.com/security/478160104) | — | $60.2M | 393.15% |
| [TransUnion](https://search.stillhousedata.com/security/89400J107) | — | $58.0M | 378.87% |
| [eBay Inc.](https://search.stillhousedata.com/security/278642103) | — | $54.7M | 357.56% |
| [News Corporation](https://search.stillhousedata.com/security/65249B109) | — | $54.6M | 356.82% |
| [Warner Music Group Corporation](https://search.stillhousedata.com/security/934550203) | — | $54.1M | 353.37% |
| [British American Tobacco PLC](https://search.stillhousedata.com/security/G1510J102) | — | $54.0M | 352.67% |
| [Intercontinental Exchange Inc](https://search.stillhousedata.com/security/45866F104) | — | $52.4M | 342.13% |
| [Novartis AG](https://search.stillhousedata.com/security/H5820Q150) | — | $52.0M | 339.35% |
| [Salesforce Inc.](https://search.stillhousedata.com/security/79466L302) | — | $50.1M | 327.33% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-03-31 | $1.5B |
| 2025-12-31 | $1.6B |
| 2025-09-30 | $1.7B |
| 2025-06-30 | $1.5B |
| 2025-03-31 | $1.4B |
| 2024-12-31 | $1.1B |
| 2024-09-30 | $2.0B |
| 2024-06-28 | $1.9B |

## More

- [Registrant: Advisers Investment Trust](https://search.stillhousedata.com/registrant/1516523)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000032964.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

---

Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.