Fundsmith 13F holdings, Q4 2016
Holdings as of December 31, 2016 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 18 US equity positions worth $7.6bn in its Q4 2016 13F filing. The largest position was MSFT at 8.4% of the reported book, followed by SYK and BARD C R INC. Against the Q3 2016 filing, it opened 3 new positions, added to 10 and reduced 1 among the top 18 holdings.
What did Fundsmith own in Q4 2016? Top 18 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2016 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 8.4% | $641.6m | 10,202,283 | 3% | added |
| 2 | SYK STRYKER CORP | Healthcare | 7.9% | $596.6m | 4,949,396 | 20% | added |
| 3 | BARD C R INC | 7.4% | $560.4m | 2,500,869 | – | new | |
| 4 | IDXX IDEXX LABS INC | Healthcare | 7.0% | $528.6m | 4,476,866 | -0% | held |
| 5 | PEP PEPSICO INC | Consumer Defensive | 6.9% | $524.1m | 4,991,525 | 8% | added |
| 6 | PYPL PAYPAL HLDGS INC | Financial Services | 6.6% | $503.3m | 12,595,293 | 6% | added |
| 7 | DR PEPPER SNAPPLE GROUP INC | 6.4% | $482.5m | 5,304,854 | 34% | added | |
| 8 | JNJ JOHNSON & JOHNSON | Healthcare | 6.2% | $473.9m | 4,103,392 | 3% | added |
| 9 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 6.2% | $472.7m | 5,153,071 | 4% | added |
| 10 | SJM SMUCKER J M CO | Consumer Defensive | 6.2% | $467.8m | 3,622,364 | -0% | held |
| 11 | WAT WATERS CORP | Healthcare | 5.5% | $414.7m | 3,083,357 | 2% | added |
| 12 | ADP AUTOMATIC DATA PROCESSING IN | Technology | 5.3% | $401.2m | 3,878,243 | – | new |
| 13 | V VISA INC | Financial Services | 5.1% | $388.0m | 4,952,292 | 0% | held |
| 14 | BDX BECTON DICKINSON & CO | Healthcare | 4.9% | $369.7m | 2,224,922 | – | new |
| 15 | MMM 3M CO | Industrials | 4.6% | $349.8m | 1,960,542 | -0% | held |
| 16 | EL LAUDER ESTEE COS INC | Consumer Defensive | 3.7% | $277.5m | 3,590,783 | 5% | added |
| 17 | CL COLGATE PALMOLIVE CO | Consumer Defensive | 1.7% | $126.8m | 1,925,410 | 1% | added |
| 18 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 0.2% | $15.0m | 176,436 | -10% | 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.