Independent Franchise Partners (FOX) reports 4.69% stake in Fox Class A

Rhea-AI Filing Summary

Fox Corp received an amended ownership report from Independent Franchise Partners, LLP, a U.K.-based investment adviser, covering its Class A common stock. The firm reports beneficial ownership of 9,777,519 Class A shares, representing 4.69% of this share class. It has sole voting power over 9,564,821 shares, shared voting power over 56,078 shares, and sole dispositive power over all 9,777,519 shares, with no shared dispositive power.

The filer states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Fox Corp, nor in connection with any control-related transaction, other than activities solely in connection with a nomination under Rule 240.14a-11.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

Fox Corp

(Name of Issuer)

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

35137L105

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 35137L105

1

Names of Reporting Persons

Independent Franchise Partners, LLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,564,821.00
6	Shared Voting Power 56,078.00
7	Sole Dispositive Power 9,777,519.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,777,519.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.69 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Fox Corp
(b)	Address of issuer's principal executive offices: 1211 Avenue of the Americas, New York, New York, 10036
Item 2.
(a)	Name of person filing: Independent Franchise Partners, LLP
(b)	Address or principal business office or, if none, residence: Level 1, 10 Portman Square, London W1H 6AZ, United Kingdom
(c)	Citizenship: United Kingdom
(d)	Title of class of securities: Class A Common Stock, par value $0.01 per share
(e)	CUSIP No.: 35137L105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 9,777,519
(b)	Percent of class: 4.69%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 9,564,821
	(ii) Shared power to vote or to direct the vote: 56,078
	(iii) Sole power to dispose or to direct the disposition of: 9,777,519
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Independent Franchise Partners, LLP

Signature:	Sandeep Ghela
Name/Title:	Sandeep Ghela | Chief Operating Officer
Date:	01/27/2026

FAQ

What does Independent Franchise Partners, LLP report owning in FOX Class A shares?

Independent Franchise Partners, LLP reports beneficial ownership of 9,777,519 Fox Corp Class A common shares, representing 4.69% of that class.

How much voting power does Independent Franchise Partners, LLP have in FOX Class A stock?

The firm reports sole voting power over 9,564,821 Fox Corp Class A shares and shared voting power over an additional 56,078 shares.

What dispositive power does Independent Franchise Partners, LLP have over FOX shares?

Independent Franchise Partners, LLP has sole dispositive power over 9,777,519 Fox Corp Class A shares and no shared dispositive power.

Is Independent Franchise Partners, LLP filing this for control purposes over FOX?

The filer certifies the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of Fox Corp, except for activities solely in connection with a nomination under Rule 240.14a-11.

Why is this FOX Schedule 13G/A labeled as ownership of 5 percent or less?

Item 5 states ownership of 5 percent or less of a class, and the reported beneficial ownership is 4.69% of Fox Corp’s Class A common stock.

Who signed the FOX Schedule 13G/A for Independent Franchise Partners, LLP?

The filing is signed by Sandeep Ghela, Chief Operating Officer of Independent Franchise Partners, LLP, dated 01/27/2026.