Fundsmith 13F holdings, Q3 2014
Holdings as of September 30, 2014 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 16 US equity positions worth $2.3bn in its Q3 2014 13F filing. The largest position was MCD at 10.9% of the reported book, followed by DR PEPPER SNAPPLE GROUP INC and SYK. Against the Q2 2014 filing, it opened 2 new positions, added to 11 and reduced 1 among the top 16 holdings.
What did Fundsmith own in Q3 2014? Top 16 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2014 |
|---|---|---|---|---|---|---|---|
| 1 | MCD MICROSOFT | Consumer Cyclical | 10.9% | $254.5m | 5,488,976 | 4% | added |
| 2 | DR PEPPER SNAPPLE GROUP INC | 9.3% | $217.1m | 3,375,072 | 1% | added | |
| 3 | SYK STRYKER CORP | Healthcare | 8.8% | $205.0m | 2,539,116 | 3% | added |
| 4 | PEP PEPSICO INC | Consumer Defensive | 7.5% | $175.6m | 1,886,556 | 0% | held |
| 5 | BDX BECTON DICKINSON & CO | Healthcare | 7.4% | $173.7m | 1,525,906 | – | new |
| 6 | DPZ DOMINOS PIZZA INC | Consumer Cyclical | 7.0% | $164.3m | 2,134,570 | 0% | held |
| 7 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 6.9% | $162.0m | 1,942,923 | 9% | added |
| 8 | JNJ JOHNSON & JOHNSON | Healthcare | 6.5% | $152.9m | 1,434,318 | 10% | added |
| 9 | V VISA INC | Financial Services | 5.5% | $127.5m | 597,748 | 3% | added |
| 10 | PG PROCTER & GAMBLE CO | Consumer Defensive | 5.1% | $120.1m | 1,433,679 | 1% | added |
| 11 | MMM 3M CO | Industrials | 5.1% | $120.0m | 846,655 | 1% | added |
| 12 | ADP AUTOMATIC DATA PROCESSING INC | Technology | 5.0% | $116.0m | 1,592,266 | – | new |
| 13 | BARD CR INC | 4.9% | $114.1m | 800,523 | 15% | added | |
| 14 | EBAY EBAY INC | Consumer Cyclical | 4.7% | $109.8m | 1,938,349 | 63% | added |
| 15 | CHH CHOICE HOTELS INTL INC | Consumer Cyclical | 2.7% | $63.5m | 1,224,737 | -15% | reduced |
| 16 | CL COLGATE PALMOLIVE CO | Consumer Defensive | 2.7% | $63.1m | 972,598 | 12% | 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.