Fundsmith 13F holdings, Q1 2015
Holdings as of March 31, 2015 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 20 US equity positions worth $3.1bn in its Q1 2015 13F filing. The largest position was MSFT at 9.4% of the reported book, followed by DR PEPPER SNAPPLE GROUP INC and BECTON DICKINSON & CO. Against the Q4 2014 filing, it opened 8 new positions, added to 9 and reduced 1 among the top 20 holdings.
What did Fundsmith own in Q1 2015? Top 20 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2014 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 9.4% | $290.2m | 7,185,480 | – | new |
| 2 | DR PEPPER SNAPPLE GROUP INC | 8.9% | $275.8m | 3,514,615 | 0% | held | |
| 3 | BECTON DICKINSON & CO | 8.3% | $257.3m | 1,791,841 | – | new | |
| 4 | SYK STRYKER CORP | Healthcare | 8.0% | $248.6m | 2,694,794 | 4% | added |
| 5 | EBAY EBAY INC | Consumer Cyclical | 7.4% | $229.3m | 3,975,089 | 29% | added |
| 6 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 7.2% | $221.6m | 2,942,293 | 18% | added |
| 7 | DPZ DOMINOS PIZZA INC | Consumer Cyclical | 7.0% | $214.6m | 2,134,570 | 0% | held |
| 8 | PEP PEPSICO INC | Consumer Defensive | 6.7% | $207.5m | 2,170,265 | 10% | added |
| 9 | BARD C R INC | 6.3% | $193.1m | 1,155,034 | – | new | |
| 10 | JNJ JOHNSON & JOHNSON | Healthcare | 6.2% | $190.0m | 1,902,103 | 17% | added |
| 11 | V VISA INC | Financial Services | 5.4% | $166.3m | 2,546,503 | 326% | added |
| 12 | AUTOMATIC DATA PROCESSING INC | 4.9% | $150.9m | 1,762,562 | – | new | |
| 13 | MMM 3M CO | Industrials | 4.9% | $150.9m | 920,847 | 6% | added |
| 14 | PG PROCTER & GAMBLE CO | Consumer Defensive | 4.3% | $131.6m | 1,618,689 | 5% | added |
| 15 | CL COLGATE PALMOLIVE CO | Consumer Defensive | 2.4% | $74.6m | 1,081,946 | 11% | added |
| 16 | WAT WATERS CORP | Healthcare | 1.3% | $38.6m | 310,736 | – | new |
| 17 | CHH CHOICE HOTELS INTL INC | Consumer Cyclical | 1.1% | $35.5m | 553,589 | -42% | reduced |
| 18 | MAR MARRIOT INTL INC NEW | Consumer Cyclical | 0.1% | $4.0m | 49,424 | – | new |
| 19 | IDXX IDEXX LABS INC | Healthcare | 0.1% | $3.9m | 25,493 | – | new |
| 20 | DNKN DUNKIN BRANDS GROUP INC | 0.1% | $3.8m | 80,148 | – | new |
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.