$36.2 Billion is the total value of Fundsmith's 43 reported holdings in Q3 2021. The portfolio turnover from Q2 2021 to Q3 2021 was 9.3% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSFT | Sell | MICROSOFT | $3,392,728,000 | +4.1% | 12,034,366 | -0.0% | 9.38% | +3.8% |
| PYPL | Sell | PAYPAL HOLDINGS INC | $3,197,674,000 | -10.7% | 12,288,820 | -0.0% | 8.84% | -10.9% |
| IDXX | Sell | IDEXX LABORATORIES | $2,638,225,000 | -1.5% | 4,242,202 | -0.0% | 7.29% | -1.8% |
| INTU | Sell | INTUIT INC | $2,472,326,000 | +10.1% | 4,582,539 | -0.0% | 6.84% | +9.8% |
| FB | FACEBOOKcl a | $2,185,718,000 | -2.4% | 6,440,136 | 0.0% | 6.04% | -2.6% | |
| EL | Buy | ESTEE LAUDERcl a | $2,049,047,000 | -5.7% | 6,831,752 | +0.0% | 5.66% | -5.9% |
| SYK | Buy | STRYKER CORP | $1,850,126,000 | +1.6% | 7,015,492 | +0.0% | 5.12% | +1.3% |
| PM | PHILIP MORRIS INTERNATIONAL | $1,834,530,000 | -4.4% | 19,353,620 | 0.0% | 5.07% | -4.6% | |
| WAT | Buy | WATERS CORP | $1,611,850,000 | +5.8% | 4,511,194 | +2.3% | 4.46% | +5.5% |
| PEP | Buy | PEPSICO INC | $1,518,036,000 | +1.6% | 10,092,652 | +0.1% | 4.20% | +1.3% |
| MKC | Buy | MCCORMICK & CO NON VTG SHRS | $1,516,365,000 | -3.6% | 18,713,629 | +5.1% | 4.19% | -3.8% |
| V | Buy | VISA INC CLASS A SHARES | $1,469,047,000 | -3.9% | 6,595,049 | +0.9% | 4.06% | -4.1% |
| ADP | Sell | AUTOMATIC DATA PROCESSING | $1,418,659,000 | +0.6% | 7,096,134 | -0.0% | 3.92% | +0.4% |
| NKE | Buy | NIKE INC CL Bcl b | $1,272,903,000 | -5.9% | 8,764,739 | +0.1% | 3.52% | -6.1% |
| AMZN | New | AMAZON COM INC | $1,208,438,000 | – | 367,861 | +100.0% | 3.34% | – |
| SBUX | Sell | STARBUCKS CORP | $1,185,284,000 | -1.4% | 10,745,026 | -0.0% | 3.28% | -1.6% |
| JNJ | Buy | JOHNSON & JOHNSON | $1,163,376,000 | -1.3% | 7,203,569 | +0.7% | 3.22% | -1.6% |
| BFB | Buy | BROWN FORMAN CORP CLASS Bcl b | $966,459,000 | +2.4% | 14,422,611 | +14.5% | 2.67% | +2.1% |
| CHD | Buy | CHURCH & DWIGHT INC | $910,127,000 | +15.8% | 11,022,496 | +19.5% | 2.52% | +15.5% |
| SABR | Buy | SABRE | $237,907,000 | +22.3% | 20,093,468 | +29.0% | 0.66% | +22.1% |
| FTNT | Sell | FORTINET INC | $185,275,000 | +3.4% | 634,415 | -15.6% | 0.51% | +3.2% |
| EFX | Buy | EQUIFAX | $172,770,000 | +6.2% | 681,754 | +0.4% | 0.48% | +6.0% |
| VRSK | Buy | VERISK ANALYTICS | $158,716,000 | +15.0% | 792,510 | +0.4% | 0.44% | +14.9% |
| ANSS | Buy | ANSYS | $158,191,000 | +12.7% | 464,652 | +14.9% | 0.44% | +12.3% |
| VRSN | Buy | VERISIGN | $142,132,000 | +6.1% | 693,291 | +17.8% | 0.39% | +5.9% |
| CGNX | Buy | COGNEX | $130,437,000 | -4.2% | 1,625,987 | +0.4% | 0.36% | -4.2% |
| MSCI | Buy | MSCI | $128,068,000 | +14.5% | 210,520 | +0.4% | 0.35% | +14.2% |
| IPGP | Buy | IPG PHOTONICS | $126,476,000 | -5.3% | 798,462 | +26.0% | 0.35% | -5.4% |
| QLYS | Buy | QUALYS | $119,137,000 | +10.9% | 1,070,513 | +0.4% | 0.33% | +10.4% |
| MASI | Buy | MASIMO | $117,762,000 | +12.1% | 435,010 | +0.4% | 0.33% | +12.0% |
| AOS | Buy | AO SMITH | $108,370,000 | -14.9% | 1,774,515 | +0.4% | 0.30% | -15.0% |
| PAYC | Buy | PAYCOM SOFTWARE | $108,027,000 | +36.9% | 217,906 | +0.4% | 0.30% | +36.5% |
| WING | Buy | WINGSTOP INC | $92,287,000 | +4.4% | 562,965 | +0.4% | 0.26% | +4.1% |
| ROL | Buy | ROLLINS INC | $79,442,000 | +3.7% | 2,248,561 | +0.4% | 0.22% | +3.8% |
| HD | Buy | HOME DEPOT INC | $48,694,000 | +3413.3% | 148,339 | +3314.0% | 0.14% | +3275.0% |
| ZTS | Buy | ZOETIS INCcl a | $46,691,000 | +13.6% | 240,502 | +9.0% | 0.13% | +13.2% |
| PG | Buy | PROCTER AND GAMBLE CO | $44,482,000 | +9.8% | 318,181 | +6.0% | 0.12% | +9.8% |
| MELI | MERCADOLIBRE | $40,683,000 | +7.8% | 24,225 | 0.0% | 0.11% | +6.7% | |
| WNS | Buy | WNS HLDGS LTDsponsored ads | $15,453,000 | +63.0% | 188,912 | +59.1% | 0.04% | +65.4% |
| TSM | TAIWAN SEMICONDUCTOR MFG LTDsponsored ads | $14,474,000 | -7.1% | 129,633 | 0.0% | 0.04% | -7.0% | |
| G | New | GENPACT LIMITED | $14,500,000 | – | 305,208 | +100.0% | 0.04% | – |
| XP | XP CLASS Acl a | $10,178,000 | -7.8% | 253,367 | 0.0% | 0.03% | -9.7% | |
| CL | Buy | COLGATE PALMOLIVE CO | $9,288,000 | -6.5% | 122,890 | +0.6% | 0.03% | -7.1% |
| MAR | Exit | MARRIOTT INTERNATIONAL CL Acl a | $0 | – | -297,432 | -100.0% | -0.11% | – |
| BDX | Exit | BECTON DICKINSON AND CO | $0 | – | -4,328,550 | -100.0% | -2.92% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2021-11-12
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
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| STRYKER CORP | 43 | Q3 2023 | 9.9% |
| PHILIP MORRIS INTL INC | 43 | Q3 2023 | 8.3% |
| PEPSICO INC | 43 | Q3 2023 | 8.5% |
| VISA INC CLASS A SHARES | 43 | Q3 2023 | 6.5% |
| JOHNSON + JOHNSON | 43 | Q3 2023 | 7.7% |
| WATERS CORP | 38 | Q3 2023 | 7.5% |
| MICROSOFT CORP | 36 | Q3 2023 | 12.9% |
| AUTOMATIC DATA PROCESSING INC | 36 | Q3 2023 | 6.8% |
| PAYPAL HLDGS INC | 35 | Q3 2023 | 15.3% |
| COLGATE PALMOLIVE CO | 30 | Q4 2021 | 3.4% |
View Fundsmith's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| IDEXX LABORATORIES INC /DE | February 14, 2023 | 4,447,828 | 5.4% |
View Fundsmith's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| 13F-HR | 2023-11-14 |
| 13F-HR | 2023-08-14 |
| 13F-HR | 2023-05-15 |
| 13F-HR | 2023-02-14 |
| SC 13G | 2023-02-14 |
View Fundsmith's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.