Fundsmith (Terry Smith) disclosed 31 US equity positions worth $17.6bn in its Q1 2019 13F filing. Its largest position is PYPL at 9.1% of the reported book, followed by MSFT and WAT. Versus Q4 2018 it opened 0 new positions, added to 24, reduced 1 and exited 1.
$17.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
31
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.1%
Largest position
The largest single position as a share of the reported equity book.
67.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
17
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
55
Quarters on file since Q4 2012
Quarters for which this manager's 13F holdings are on record.