Fundsmith 13F holdings, Q1 2014
Holdings as of March 31, 2014 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 15 US equity positions worth $1.9bn in its Q1 2014 13F filing. The largest position was SYK at 9.5% of the reported book, followed by BARD CR INC and MCD. Against the Q4 2013 filing, it opened 0 new positions, added to 11 and reduced 2 among the top 15 holdings.
What did Fundsmith own in Q1 2014? Top 15 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2013 |
|---|---|---|---|---|---|---|---|
| 1 | SYK STRYKER CORP | Healthcare | 9.5% | $181.3m | 2,225,955 | 5% | added |
| 2 | BARD CR INC | 9.4% | $178.7m | 1,209,341 | 173% | added | |
| 3 | MCD MICROSOFT | Consumer Cyclical | 9.2% | $175.8m | 4,290,030 | 4% | added |
| 4 | DR PEPPER SNAPPLE GROUP INC | 9.2% | $175.3m | 3,218,586 | 6% | added | |
| 5 | BECTON DICKINSON & CO | 8.8% | $168.0m | 1,435,203 | 22% | added | |
| 6 | DPZ DOMINOS PIZZA INC | Consumer Cyclical | 8.6% | $164.3m | 2,134,570 | 0% | held |
| 7 | PEP PEPSICO INC | Consumer Defensive | 7.1% | $134.4m | 1,609,367 | 31% | added |
| 8 | AUTOMATIC DATA PROCESSING INC | 6.4% | $121.4m | 1,571,495 | 12% | added | |
| 9 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 6.0% | $114.5m | 1,398,707 | 25% | added |
| 10 | MMM 3M CO | Industrials | 5.9% | $113.3m | 835,096 | 0% | held |
| 11 | JNJ JOHNSON & JOHNSON | Healthcare | 5.9% | $113.2m | 1,152,868 | 11% | added |
| 12 | PG PROCTER & GAMBLE CO | Consumer Defensive | 5.9% | $113.1m | 1,414,311 | 9% | added |
| 13 | V VISA INC | Financial Services | 4.2% | $80.0m | 370,764 | 49% | added |
| 14 | CHH CHOICE HOTELS INTL INC | Consumer Cyclical | 2.1% | $39.9m | 870,912 | -38% | reduced |
| 15 | CL COLGATE PALMOLIVE CO | Consumer Defensive | 1.7% | $32.7m | 506,402 | -40% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.