Fundsmith 13F holdings, Q1 2019
Holdings as of March 31, 2019 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 31 US equity positions worth $17.6bn in its Q1 2019 13F filing. The largest position was PYPL at 9.1% of the reported book, followed by MSFT and WAT. Against the Q4 2018 filing, it opened 0 new positions, added to 24 and reduced 1 among the top 31 holdings.
What did Fundsmith own in Q1 2019? Top 31 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2018 |
|---|---|---|---|---|---|---|---|
| 1 | PYPL PAYPAL HOLDINGS INC | Financial Services | 9.1% | $1.6bn | 15,338,423 | 1% | added |
| 2 | MSFT MICROSOFT | Technology | 8.1% | $1.4bn | 12,140,368 | 1% | added |
| 3 | WAT WATERS CORP | Healthcare | 7.2% | $1.3bn | 5,026,757 | 1% | added |
| 4 | PM PHILIP MORRIS INTERNATIONAL | Consumer Defensive | 6.7% | $1.2bn | 13,315,376 | 7% | added |
| 5 | INTU INTUIT INC | Technology | 6.7% | $1.2bn | 4,481,318 | 1% | added |
| 6 | SYK STRYKER CORP | Healthcare | 6.3% | $1.1bn | 5,581,841 | 1% | added |
| 7 | EL ESTEE LAUDER | Consumer Defensive | 6.2% | $1.1bn | 6,631,703 | 6% | added |
| 8 | META FACEBOOK | Communication Services | 6.0% | $1.1bn | 6,367,698 | 4% | added |
| 9 | PEP PEPSICO INC | Consumer Defensive | 5.8% | $1.0bn | 8,269,554 | 1% | added |
| 10 | IDXX IDEXX LABORATORIES | Healthcare | 5.7% | $998.9m | 4,467,341 | 1% | added |
| 11 | ADP AUTOMATIC DATA PROCESSING | Technology | 5.4% | $957.5m | 5,994,171 | 1% | added |
| 12 | BDX BECTON DICKINSON AND CO | Healthcare | 5.4% | $941.8m | 3,771,159 | 1% | added |
| 13 | V VISA INC CLASS A SHARES | Financial Services | 5.1% | $904.2m | 5,789,403 | 1% | added |
| 14 | MKC MCCORMICK & CO NON VTG SHRS | Consumer Defensive | 4.5% | $784.0m | 5,204,584 | 94% | added |
| 15 | MMM 3M CO | Industrials | 4.2% | $734.9m | 3,536,774 | 1% | added |
| 16 | JNJ JOHNSON & JOHNSON | Healthcare | 3.7% | $643.0m | 4,599,735 | 0% | held |
| 17 | EFX EQUIFAX | Industrials | 0.4% | $68.6m | 578,511 | 10% | added |
| 18 | VRSK VERISK ANALYTICS | Industrials | 0.4% | $68.3m | 513,680 | 14% | added |
| 19 | MASI* MASIMO | 0.4% | $67.8m | 490,663 | 2% | added | |
| 20 | CHECK POINT SOFTWARE TECH | 0.4% | $66.3m | 524,186 | 9% | added | |
| 21 | SABR SABRE | Technology | 0.4% | $63.5m | 2,967,828 | 31% | added |
| 22 | CDK CDK GBL. | 0.3% | $54.3m | 922,783 | 0% | held | |
| 23 | AKX ANSYS | 0.3% | $53.4m | 292,526 | 7% | added | |
| 24 | CGNX COGNEX | Technology | 0.3% | $52.5m | 1,033,167 | 0% | held |
| 25 | VRSN VERISIGN | Technology | 0.3% | $49.5m | 272,873 | 0% | held |
| 26 | AOS AO SMITH | Industrials | 0.2% | $40.7m | 763,583 | 11% | added |
| 27 | MSCI MSCI | Financial Services | 0.2% | $37.6m | 188,920 | 31% | added |
| 28 | IPGP IPG PHOTONICS | Technology | 0.2% | $33.2m | 218,607 | 29% | added |
| 29 | PAYC PAYCOM SOFTWARE | Technology | 0.2% | $32.3m | 170,928 | 0% | held |
| 30 | MAR MARRIOTT INTERNATIONAL CL A | Consumer Cyclical | 0.1% | $22.5m | 180,080 | -1% | reduced |
| 31 | MELI MERCADOLIBRE | Consumer Cyclical | 0.1% | $9.3m | 18,267 | 0% | held |
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.