Fundsmith 13F holdings, Q2 2014
Holdings as of June 30, 2014 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 16 US equity positions worth $2.2bn in its Q2 2014 13F filing. The largest position was MCD at 10.1% of the reported book, followed by SYK and DR PEPPER SNAPPLE GROUP INC. Against the Q1 2014 filing, it opened 1 new position, added to 9 and reduced 2 among the top 16 holdings.
What did Fundsmith own in Q2 2014? Top 16 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2014 |
|---|---|---|---|---|---|---|---|
| 1 | MCD MICROSOFT | Consumer Cyclical | 10.1% | $219.2m | 5,256,276 | 23% | added |
| 2 | SYK STRYKER CORP | Healthcare | 9.6% | $207.4m | 2,459,488 | 10% | added |
| 3 | DR PEPPER SNAPPLE GROUP INC | 9.0% | $196.0m | 3,346,639 | 4% | added | |
| 4 | BECTON DICKINSON & CO | 7.8% | $168.5m | 1,424,756 | -1% | reduced | |
| 5 | PEP PEPSICO INC | Consumer Defensive | 7.8% | $168.5m | 1,886,556 | 17% | added |
| 6 | DPZ DOMINOS PIZZA INC | Consumer Cyclical | 7.2% | $156.0m | 2,134,570 | 0% | held |
| 7 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 6.9% | $150.4m | 1,784,113 | 28% | added |
| 8 | JNJ JOHNSON & JOHNSON | Healthcare | 6.3% | $136.4m | 1,303,385 | 13% | added |
| 9 | AUTOMATIC DATA PROCESSING INC | 5.7% | $124.6m | 1,571,495 | 0% | held | |
| 10 | V VISA INC | Financial Services | 5.7% | $122.6m | 581,984 | 57% | added |
| 11 | MMM 3M CO | Industrials | 5.5% | $119.6m | 835,096 | 0% | held |
| 12 | PG PROCTER & GAMBLE CO | Consumer Defensive | 5.1% | $111.2m | 1,414,311 | 0% | held |
| 13 | BARD CR INC | 4.6% | $99.8m | 697,953 | -42% | reduced | |
| 14 | CHH CHOICE HOTELS INTL INC | Consumer Cyclical | 3.1% | $67.6m | 1,435,203 | 65% | added |
| 15 | EBAY EBAY INC | Consumer Cyclical | 2.7% | $59.6m | 1,190,275 | – | new |
| 16 | CL COLGATE PALMOLIVE CO | Consumer Defensive | 2.7% | $59.4m | 870,912 | 72% | added |
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.