Fundsmith 13F holdings, Q4 2018
Holdings as of December 31, 2018 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 32 US equity positions worth $15.8bn in its Q4 2018 13F filing. The largest position was MSFT at 8.7% of the reported book, followed by PYPL and IDXX. Against the Q3 2018 filing, it opened 15 new positions, added to 5 and reduced 2 among the top 32 holdings.
What did Fundsmith own in Q4 2018? Top 32 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2018 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT | Technology | 8.7% | $1.4bn | 12,026,986 | -0% | held |
| 2 | PYPL PAYPAL HOLDINGS INC | Financial Services | 8.5% | $1.3bn | 15,202,210 | 0% | held |
| 3 | IDXX IDEXX LABORATORIES | Healthcare | 7.0% | $1.1bn | 4,432,292 | 0% | held |
| 4 | PM PHILIP MORRIS INTERNATIONAL | Consumer Defensive | 6.4% | $1.0bn | 12,409,367 | 0% | held |
| 5 | META FACEBOOK | Communication Services | 6.4% | $1.0bn | 6,119,785 | 3% | added |
| 6 | INTU INTUIT INC | Technology | 6.4% | $1.0bn | 4,425,774 | 8% | added |
| 7 | SYK STRYKER CORP | Healthcare | 6.2% | $982.4m | 5,529,153 | 0% | held |
| 8 | BDX BECTON DICKINSON AND CO | Healthcare | 6.2% | $975.0m | 3,735,706 | -0% | held |
| 9 | WAT WATERS CORP | Healthcare | 6.2% | $970.1m | 4,983,259 | -1% | reduced |
| 10 | PEP PEPSICO INC | Consumer Defensive | 5.8% | $913.4m | 8,170,141 | 0% | held |
| 11 | EL ESTEE LAUDER | Consumer Defensive | 5.8% | $913.0m | 6,282,397 | 7% | added |
| 12 | ADP AUTOMATIC DATA PROCESSING | Technology | 5.7% | $893.1m | 5,927,691 | 2% | added |
| 13 | V VISA INC CLASS A SHARES | Financial Services | 5.5% | $859.3m | 5,725,371 | 0% | held |
| 14 | MMM 3M CO | Industrials | 4.7% | $734.7m | 3,486,738 | 0% | held |
| 15 | JNJ JOHNSON & JOHNSON | Healthcare | 4.0% | $633.0m | 4,581,202 | 0% | held |
| 16 | MKC MCCORMICK & CO NON VTG SHRS | Consumer Defensive | 2.2% | $354.3m | 2,688,994 | – | new |
| 17 | CL COLGATE PALMOLIVE CO | Consumer Defensive | 0.9% | $148.9m | 2,223,446 | -56% | reduced |
| 18 | MASI* MASIMO | 0.3% | $51.5m | 479,372 | – | new | |
| 19 | CHECK POINT SOFTWARE TECH | 0.3% | $49.2m | 479,073 | – | new | |
| 20 | EFX EQUIFAX | Industrials | 0.3% | $49.1m | 527,747 | – | new |
| 21 | VRSK VERISK ANALYTICS | Industrials | 0.3% | $49.1m | 450,436 | – | new |
| 22 | SABR SABRE | Technology | 0.3% | $49.0m | 2,262,871 | – | new |
| 23 | CDK CDK GBL. | 0.3% | $44.2m | 922,783 | – | new | |
| 24 | VRSN VERISIGN | Technology | 0.3% | $40.5m | 272,873 | – | new |
| 25 | CGNX COGNEX | Technology | 0.3% | $40.0m | 1,033,167 | – | new |
| 26 | AKX ANSYS | 0.2% | $39.0m | 273,041 | – | new | |
| 27 | AOS AO SMITH | Industrials | 0.2% | $29.5m | 689,903 | – | new |
| 28 | MAR MARRIOTT INTERNATIONAL CL A | Consumer Cyclical | 0.2% | $24.0m | 181,589 | 14% | added |
| 29 | MSCI MSCI | Financial Services | 0.1% | $21.3m | 144,247 | – | new |
| 30 | PAYC PAYCOM SOFTWARE | Technology | 0.1% | $20.9m | 170,928 | – | new |
| 31 | IPGP IPG PHOTONICS | Technology | 0.1% | $19.2m | 169,115 | – | new |
| 32 | MELI MERCADOLIBRE | Consumer Cyclical | 0.0% | $5.3m | 18,267 | – | 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.