Fundsmith 13F holdings, Q4 2017
Holdings as of December 31, 2017 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 18 US equity positions worth $11.7bn in its Q4 2017 13F filing. The largest position was PYPL at 9.1% of the reported book, followed by MSFT and DR PEPPER SNAPPLE GROUP INC. Against the Q3 2017 filing, it opened 1 new position, added to 7 and reduced 6 among the top 18 holdings.
What did Fundsmith own in Q4 2017? Top 18 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2017 |
|---|---|---|---|---|---|---|---|
| 1 | PYPL PAYPAL HLDGS INC | Financial Services | 9.1% | $1.1bn | 14,461,577 | – | new |
| 2 | MSFT MICROSOFT CORP | Technology | 8.1% | $948.7m | 11,091,160 | 0% | held |
| 3 | DR PEPPER SNAPPLE GROUP INC | 7.3% | $848.5m | 8,742,447 | 17% | added | |
| 4 | WAT WATERS CORP | Healthcare | 7.2% | $843.3m | 4,365,313 | 0% | held |
| 5 | BARD C R INC | 7.1% | $822.8m | 2,483,956 | -2% | reduced | |
| 6 | SYK STRYKER CORP | Healthcare | 6.8% | $795.6m | 5,138,240 | -1% | reduced |
| 7 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 6.8% | $793.2m | 7,507,597 | 20% | added |
| 8 | PEP PEPSICO INC | Consumer Defensive | 6.0% | $696.0m | 5,803,600 | 4% | added |
| 9 | IDXX IDEXX LABORATORIES | Healthcare | 5.9% | $688.8m | 4,404,756 | -76% | reduced |
| 10 | V VISA INC | Financial Services | 5.6% | $653.6m | 5,732,658 | 10% | added |
| 11 | ADP AUTOMATIC DATA PROCESSING IN | Technology | 5.5% | $647.3m | 5,523,192 | -1% | reduced |
| 12 | MMM 3M CO | Industrials | 5.4% | $633.1m | 2,689,620 | 3% | added |
| 13 | JNJ JOHNSON & JOHNSON | Healthcare | 5.2% | $605.2m | 4,331,856 | -1% | reduced |
| 14 | BDX BECTON DICKINSON & CO | Healthcare | 4.2% | $492.7m | 2,301,915 | 0% | held |
| 15 | EL LAUDER ESTEE COS INC | Consumer Defensive | 4.2% | $489.2m | 3,844,901 | 0% | held |
| 16 | INTU INTUI INC | Technology | 3.7% | $435.1m | 2,757,670 | 26% | added |
| 17 | CL COLGATE PALMOLIVE CO | Consumer Defensive | 1.6% | $188.3m | 2,495,261 | 1% | added |
| 18 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 0.2% | $19.0m | 139,695 | -24% | 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.