Troy Asset Management Ltd

LONDON, X0 · CIK 1601407 · 13F filing filed 2026-07-31

SEC-registered investment adviser since 2022 · corporation

Assets managed$14.7bn
Staff45 · 11 in investment roles
Main clients (by assets)Private funds 94%, Charities 2%
Websitetaml.co.uk
Form ADV · 2026-07-30SEC adviser record

Legal entityTROY ASSET MANAGEMENT LIMITED (GB)

KindFCA fund manager
Others nearbyLondon

As an employer

Offices in1 country

In the UK

FCA-authorised companies1
Manages investmentsyes
Retail clientsno, professional only

Company	Town	Staff	Pay gap report	FCA register
TROY ASSET MANAGEMENT LIMITED Private Limited CompanyFCA: Authorised · manages investments, advises, deals	London			Authorisedmanages investments, advises, deals

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

$3.6bn reported value +7.0% vs Q1 2026

29positions

82.6%in top 10

3 new 11 added 15 reduced 4 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VISA INC COM CL A V	V	1,632,408	$560.1m15.62%	15.62%	Added +497	+497 0.0%
2	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,282,411	$458.3m12.78%	12.78%	Reduced -197.2k	-197,250 -13.3%
3	AGILENT TECHNOLOGIES INC COM A	A	2,676,647	$355.5m9.92%	9.92%	Added +263.4k	+263,415 10.9%
4	CANADIAN NATL RY CO COM CNI	CNI	2,564,246	$322.3m8.99%	8.99%	Reduced -64.7k	-64,716 -2.5%
5	CHUBB LIMITED COM CB	CB	866,176	$295.1m8.23%	8.23%	Reduced -8.6k	-8,600 -1.0%
6	MICROSOFT CORP COM MSFT	MSFT	659,861	$246.1m6.86%	6.86%	Reduced -27.4k	-27,411 -4.0%
7	HUBBELL INC COM HUBB	HUBB	438,244	$229.3m6.39%	6.39%	Reduced -115.7k	-115,737 -20.9%
8	ALCON AG ORD SHS ALC	ALC	3,801,548	$207.6m5.79%	5.79%	Added +813.1k	+813,113 27.2%
9	VERISIGN INC COM VRSN	VRSN	670,837	$168.8m4.71%	4.71%	Reduced -112.5k	-112,517 -14.4%
10	MARKEL GROUP INC COM MKL	MKL	61,509	$120.1m3.35%	3.35%	New
11	ADOBE INC COM ADBE	ADBE	473,694	$97.1m2.71%	2.71%	Reduced -51.2k	-51,173 -9.8%
12	MASTERCARD INCORPORATED CL A MA	MA	138,720	$71.2m1.99%	1.99%	Added +10.3k	+10,273 8.0%
13	CME GROUP INC COM CME	CME	278,677	$61.5m1.72%	1.72%	Added +50.0k	+50,020 21.9%
14	META PLATFORMS INC CL A META	META	85,011	$47.9m1.34%	1.34%	Added +13.2k	+13,170 18.3%
15	TEXAS INSTRS INC COM TXN	TXN	153,815	$45.8m1.28%	1.28%	Reduced -12.2k	-12,228 -7.4%
16	BOOKING HOLDINGS INC COM BKNG	BKNG	231,246	$41.2m1.15%	1.15%	Added +40.7k	+40,721 21.4%
17	AMAZON COM INC COM AMZN	AMZN	134,889	$32.1m0.90%	0.90%	Added +12.6k	+12,631 10.3%
18	SYSCO CORP COM SYY	SYY	376,447	$31.5m0.88%	0.88%	Reduced -29.7k	-29,691 -7.3%
19	PAYCHEX INC COM PAYX	PAYX	250,985	$24.7m0.69%	0.69%	Reduced -115.0k	-114,965 -31.4%
20	PEPSICO INC COM PEP	PEP	182,153	$24.7m0.69%	0.69%	Reduced -14.5k	-14,456 -7.3%
21	PHILIP MORRIS INTL INC COM PM	PM	123,550	$22.4m0.62%	0.62%	Reduced -6.9k	-6,938 -5.3%
22	NIKE INC CL B NKE	NKE	462,264	$19.0m0.53%	0.53%	Reduced -36.2k	-36,200 -7.3%
23	S&P GLOBAL INC COM SPGI	SPGI	45,404	$18.5m0.52%	0.52%	Added +4.2k	+4,248 10.3%
24	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	71,786	$17.9m0.50%	0.50%	Added +6.7k	+6,723 10.3%
25	CANADIAN PACIFIC KANSAS CITY COM CP	CP	183,413	$15.9m0.44%	0.44%	New
26	INTUIT COM INTU	INTU	58,195	$15.2m0.42%	0.42%	Reduced -13.4k	-13,427 -18.8%
27	KENVUE INC COM KVUE	KVUE	749,323	$14.3m0.40%	0.40%	Reduced -60.1k	-60,131 -7.4%
28	MOODYS CORP COM MCO	MCO	31,468	$14.3m0.40%	0.40%	Added +2.9k	+2,946 10.3%
29	ASTRAZENECA PLC ORD AZN	AZN	52,367	$7.4m0.21%	0.21%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ACCENTURE PLC IRELAND ACN	ACN	138,585	$27.5m138.6k shares
MCDONALDS CORP MCD	MCD	71,876	$22.3m71.9k shares
AUTOMATIC DATA PROCESSING IN ADP	ADP	107,694	$21.9m107.7k shares
TAIWAN SEMICONDUCTOR MFG LTD TSM	TSM	168	$56.8k168 shares