Fundsmith 13F holdings, Q3 2019
Holdings as of September 30, 2019 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 31 US equity positions worth $19.6bn in its Q3 2019 13F filing. The largest position was MSFT at 8.7% of the reported book, followed by PYPL and EL. Against the Q2 2019 filing, it opened 2 new positions, added to 14 and reduced 0 among the top 31 holdings.
What did Fundsmith own in Q3 2019? Top 31 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2019 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT | Technology | 8.7% | $1.7bn | 12,189,646 | 0% | held |
| 2 | PYPL PAYPAL HOLDINGS INC | Financial Services | 8.2% | $1.6bn | 15,402,344 | 0% | held |
| 3 | EL ESTEE LAUDER | Consumer Defensive | 6.9% | $1.3bn | 6,766,747 | 2% | added |
| 4 | SYK STRYKER CORP | Healthcare | 6.6% | $1.3bn | 5,945,105 | 2% | added |
| 5 | PM PHILIP MORRIS INTERNATIONAL | Consumer Defensive | 6.6% | $1.3bn | 16,928,583 | 11% | added |
| 6 | INTU INTUIT INC | Technology | 6.3% | $1.2bn | 4,660,635 | 0% | held |
| 7 | IDXX IDEXX LABORATORIES | Healthcare | 6.3% | $1.2bn | 4,556,016 | 2% | added |
| 8 | META FACEBOOK | Communication Services | 5.9% | $1.2bn | 6,482,183 | 0% | held |
| 9 | WAT WATERS CORP | Healthcare | 5.8% | $1.1bn | 5,122,867 | 0% | held |
| 10 | MKC MCCORMICK & CO NON VTG SHRS | Consumer Defensive | 5.8% | $1.1bn | 7,291,672 | 7% | added |
| 11 | PEP PEPSICO INC | Consumer Defensive | 5.8% | $1.1bn | 8,289,105 | 0% | held |
| 12 | V VISA INC CLASS A SHARES | Financial Services | 5.7% | $1.1bn | 6,445,632 | 5% | added |
| 13 | ADP AUTOMATIC DATA PROCESSING | Technology | 5.3% | $1.0bn | 6,480,485 | 6% | added |
| 14 | BDX BECTON DICKINSON AND CO | Healthcare | 4.9% | $965.8m | 3,817,935 | 0% | held |
| 15 | JNJ JOHNSON & JOHNSON | Healthcare | 3.9% | $770.7m | 5,956,821 | 10% | added |
| 16 | BF/B BROWN FORMAN CORP CLASS B | 3.0% | $580.3m | 9,243,186 | – | new | |
| 17 | EFX EQUIFAX | Industrials | 0.4% | $87.3m | 620,821 | 0% | held |
| 18 | MASI* MASIMO | 0.4% | $85.5m | 574,963 | 0% | held | |
| 19 | VRSK VERISK ANALYTICS | Industrials | 0.4% | $84.5m | 534,530 | 2% | added |
| 20 | SABR SABRE | Technology | 0.4% | $81.3m | 3,630,918 | 0% | held |
| 21 | CHECK POINT SOFTWARE TECH | 0.4% | $79.7m | 727,785 | 17% | added | |
| 22 | AKX ANSYS | 0.4% | $76.8m | 347,128 | 7% | added | |
| 23 | CGNX COGNEX | Technology | 0.3% | $57.4m | 1,167,817 | 0% | held |
| 24 | IPGP IPG PHOTONICS | Technology | 0.3% | $53.3m | 392,900 | 16% | added |
| 25 | VRSN VERISIGN | Technology | 0.3% | $51.5m | 272,873 | 0% | held |
| 26 | MSCI MSCI | Financial Services | 0.2% | $43.6m | 200,070 | 3% | added |
| 27 | AOS AO SMITH | Industrials | 0.2% | $40.5m | 848,563 | 0% | held |
| 28 | PAYC PAYCOM SOFTWARE | Technology | 0.2% | $35.8m | 170,928 | 0% | held |
| 29 | MAR MARRIOTT INTERNATIONAL CL A | Consumer Cyclical | 0.1% | $26.3m | 211,302 | 20% | added |
| 30 | CHD CHURCH AND DWIGHT CO INC | Consumer Defensive | 0.1% | $15.3m | 202,952 | – | new |
| 31 | MELI MERCADOLIBRE | Consumer Cyclical | 0.1% | $13.0m | 23,644 | 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.