Fundsmith - Q3 2023 holdings

$22 Billion is the total value of Fundsmith's 39 reported holdings in Q3 2023. The portfolio turnover from Q2 2023 to Q3 2023 was 10.3% .

 Value Shares↓ Weighting
MSFT SellMICROSOFT CORP$2,730,865,547
-11.0%
8,648,822
-4.0%
12.41%
-3.6%
SYK BuySTRYKER CORP$1,508,123,296
-10.3%
5,518,803
+0.1%
6.85%
-2.9%
FB SellMETA PLATFORMS INC-CLASS Acl a$1,502,894,790
-7.4%
5,006,145
-11.4%
6.83%
+0.3%
PM SellPHILIP MORRIS INTERNATIONAL$1,394,674,743
-9.5%
15,064,536
-4.6%
6.34%
-2.0%
ADP SellAUTOMATIC DATA PROCESSING$1,328,124,777
+9.3%
5,520,512
-0.1%
6.04%
+18.4%
V SellVISA INC CLASS A SHARES$1,324,075,336
-3.2%
5,756,599
-0.1%
6.02%
+4.8%
IDXX BuyIDEXX LABORATORIES INC$1,296,310,528
-12.8%
2,964,554
+0.1%
5.89%
-5.6%
MKC SellMCCORMICK & CO NON VTG SHRS$1,158,249,981
-14.2%
15,312,665
-1.0%
5.26%
-7.0%
PEP SellPEPSICO INC$1,124,958,248
-8.6%
6,639,272
-0.1%
5.11%
-1.0%
WAT SellWATERS CORP$1,043,778,720
+2.8%
3,806,494
-0.1%
4.74%
+11.3%
GOOGL SellALPHABET CL A ORDcap stk cl a$993,060,946
+8.9%
7,588,728
-0.4%
4.51%
+18.0%
MAR BuyMARRIOTT INTERNATIONAL CL Acl a$864,015,057
+2400.2%
4,395,681
+2236.5%
3.93%
+2607.6%
PG SellPROCTER & GAMBLE ORD$706,921,138
-3.9%
4,846,573
-0.1%
3.21%
+4.0%
BFB SellBROWN FORMAN CORP CLASS Bcl b$697,251,205
-14.4%
12,086,171
-0.9%
3.17%
-7.3%
CHD BuyCHURCH AND DWIGHT ORD$666,604,951
-0.3%
7,274,964
+9.1%
3.03%
+8.0%
NKE SellNIKE INC CL Bcl b$640,870,292
-13.5%
6,702,262
-0.1%
2.91%
-6.3%
MTD SellMETTLER TOLEDO ORD$629,959,956
-15.6%
568,520
-0.1%
2.86%
-8.6%
OTIS SellOTIS WORLDWIDE ORD$518,072,823
-9.8%
6,450,913
-0.1%
2.35%
-2.4%
FTNT BuyFORTINET ORD$288,954,462
+65.2%
4,924,241
+112.9%
1.31%
+78.9%
AAPL BuyApple$228,271,896
-11.7%
1,333,286
+0.0%
1.04%
-4.4%
VRSN SellVERISIGN INC$135,728,720
-11.0%
670,166
-0.7%
0.62%
-3.6%
VRSK SellVERISK ANALYTICS INC$124,369,493
+3.8%
526,454
-0.7%
0.56%
+12.3%
MSCI SellMSCI INC$107,679,587
+8.6%
209,869
-0.7%
0.49%
+17.5%
SABR SellSABRE CORP$101,258,740
+39.8%
22,552,058
-0.7%
0.46%
+51.3%
QLYS SellQUALYS INC$99,751,682
+17.3%
653,895
-0.7%
0.45%
+26.9%
EXPO SellEXPONENT INC$93,521,852
-8.9%
1,092,545
-0.7%
0.42%
-1.4%
EFX SellEQUIFAX INC$90,107,341
-22.7%
491,906
-0.7%
0.41%
-16.4%
GGG SellGRACO ORD$89,130,491
-16.0%
1,222,976
-0.5%
0.40%
-9.0%
CGNX SellCOGNEX CORP$86,818,277
-24.8%
2,045,671
-0.7%
0.39%
-18.6%
IEX SellIDEX ORD$80,921,444
-3.9%
389,008
-0.5%
0.37%
+4.2%
ROL SellROLLINS ORD$63,995,976
-13.4%
1,714,331
-0.7%
0.29%
-6.1%
IPGP SellIPG PHOTONICS CORP$56,472,182
-25.8%
556,157
-0.7%
0.26%
-19.4%
HD BuyHOME DEPOT ORD$44,616,039
-2.5%
147,657
+0.2%
0.20%
+5.7%
JNJ BuyJOHNSON & JOHNSON$42,734,374
-5.7%
274,378
+0.2%
0.19%
+2.1%
PAYC SellPAYCOM SOFTWARE INC$41,458,310
-19.8%
159,904
-0.7%
0.19%
-13.4%
ZTS BuyZOETIS CL A ORDcl a$38,763,266
+1.2%
222,803
+0.2%
0.18%
+9.3%
MA BuyMASTERCARD CL A ORDcl a$24,846,520
+1.3%
62,758
+0.7%
0.11%
+9.7%
MCD NewMCDONALD S ORD$24,320,78192,320
+100.0%
0.11%
NewODDITY TECH LTD$16,301,250575,000
+100.0%
0.07%
MASI ExitMASIMO CORP$0-730,377
-100.0%
-0.50%
EL ExitESTEE LAUDER COMPANIES CL Acl a$0-5,418,525
-100.0%
-4.46%
Original filings

The following EDGAR filing(s) were analyzed to create this report:

  • View 13F-HR filed 2023-11-14
Signatures

The EDGAR filing(s) were signed by:

About Fundsmith

Fundsmith is a UK-based investment management firm founded by Terry Smith in 2010. The company has gained a reputation for its focus on high-quality, long-term investments in global equities. The firm's investment philosophy is centered around investing in companies with strong competitive advantages, high returns on capital, and sustainable business models.

Terry Smith, the CEO and founder of Fundsmith, is a well-known figure in the investment world. He has over 40 years of experience in the finance industry and has worked for some of the world's largest financial institutions. Smith is also the author of several books on finance and investing, including "Accounting for Growth" and "Investing for Growth."

Fundsmith's investment strategy has been successful, with the firm's flagship Fundsmith Equity Fund delivering strong returns since its inception. The fund has consistently outperformed its benchmark, the MSCI World Index, and has attracted a large following of investors.

The company's Chief Investment Officer, Julian Robins, is responsible for overseeing the firm's investment process and managing the Fundsmith Equity Fund. Robins has over 20 years of experience in the finance industry and has worked for several leading investment firms.

Overall, Fundsmith's focus on high-quality, long-term investments and its experienced leadership team have made it a popular choice for investors looking for a reliable investment manager.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.

Top long-term holdings
NameQuarters ownedLatest quarter ownedMax weighting
STRYKER CORP43Q3 20239.9%
PHILIP MORRIS INTL INC43Q3 20238.3%
PEPSICO INC43Q3 20238.5%
VISA INC CLASS A SHARES43Q3 20236.5%
JOHNSON + JOHNSON43Q3 20237.7%
WATERS CORP38Q3 20237.5%
MICROSOFT CORP36Q3 202312.9%
AUTOMATIC DATA PROCESSING INC36Q3 20236.8%
PAYPAL HLDGS INC35Q3 202315.3%
COLGATE PALMOLIVE CO30Q4 20213.4%

View Fundsmith's complete holdings history.

Latest significant ownerships (13-D/G)
Fundsmith Q3 2023 significant holdings filed using form 13D/G when ownership exceeds 5% of a company's total stock issue.
FiledShares Percentage
IDEXX LABORATORIES INC /DEFebruary 14, 20234,447,8285.4%

View Fundsmith's complete significant-ownership history.

Latest filings
TypeFiled
13F-HR2024-02-14
SC 13G/A2024-02-14
SC 13G/A2024-02-14
SC 13G/A2024-02-14
SC 13G/A2024-02-14
13F-HR2023-11-14
13F-HR2023-08-14
13F-HR2023-05-15
13F-HR2023-02-14
SC 13G2023-02-14

View Fundsmith's complete filings history.

Compare quarters

Export Fundsmith's holdings