Fundsmith 13F holdings, Q4 2019
Holdings as of December 31, 2019 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 31 US equity positions worth $21.2bn in its Q4 2019 13F filing. The largest position was MSFT at 9.1% of the reported book, followed by PYPL and PM. Against the Q3 2019 filing, it opened 1 new position, added to 16 and reduced 2 among the top 31 holdings.
What did Fundsmith own in Q4 2019? Top 31 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2019 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT | Technology | 9.1% | $1.9bn | 12,190,529 | 0% | held |
| 2 | PYPL PAYPAL HOLDINGS INC | Financial Services | 7.8% | $1.6bn | 15,185,799 | -1% | reduced |
| 3 | PM PHILIP MORRIS INTERNATIONAL | Consumer Defensive | 6.8% | $1.4bn | 16,899,236 | -0% | held |
| 4 | EL ESTEE LAUDER | Consumer Defensive | 6.7% | $1.4bn | 6,875,587 | 2% | added |
| 5 | META FACEBOOK | Communication Services | 6.4% | $1.4bn | 6,588,286 | 2% | added |
| 6 | SYK STRYKER CORP | Healthcare | 6.0% | $1.3bn | 6,082,992 | 2% | added |
| 7 | MKC MCCORMICK & CO NON VTG SHRS | Consumer Defensive | 5.9% | $1.3bn | 7,379,711 | 1% | added |
| 8 | INTU INTUIT INC | Technology | 5.9% | $1.2bn | 4,743,046 | 2% | added |
| 9 | V VISA INC CLASS A SHARES | Financial Services | 5.7% | $1.2bn | 6,415,516 | -0% | held |
| 10 | IDXX IDEXX LABORATORIES | Healthcare | 5.7% | $1.2bn | 4,591,899 | 1% | added |
| 11 | WAT WATERS CORP | Healthcare | 5.6% | $1.2bn | 5,106,666 | -0% | held |
| 12 | PEP PEPSICO INC | Consumer Defensive | 5.5% | $1.2bn | 8,469,394 | 2% | added |
| 13 | ADP AUTOMATIC DATA PROCESSING | Technology | 5.2% | $1.1bn | 6,464,198 | -0% | held |
| 14 | BDX BECTON DICKINSON AND CO | Healthcare | 4.9% | $1.0bn | 3,821,427 | 0% | held |
| 15 | JNJ JOHNSON & JOHNSON | Healthcare | 4.2% | $884.5m | 6,063,399 | 2% | added |
| 16 | BF/B BROWN FORMAN CORP CLASS B | 3.1% | $651.0m | 9,630,607 | 4% | added | |
| 17 | CLX CLOROX COMPANY | Consumer Defensive | 1.2% | $258.3m | 1,682,176 | – | new |
| 18 | VRSK VERISK ANALYTICS | Industrials | 0.4% | $92.8m | 621,663 | 16% | added |
| 19 | EFX EQUIFAX | Industrials | 0.4% | $91.7m | 654,288 | 5% | added |
| 20 | SABR SABRE | Technology | 0.4% | $91.3m | 4,070,298 | 12% | added |
| 21 | MASI* MASIMO | 0.4% | $90.9m | 574,963 | 0% | held | |
| 22 | AKX ANSYS | 0.4% | $89.4m | 347,128 | 0% | held | |
| 23 | CHECK POINT SOFTWARE TECH | 0.4% | $89.0m | 801,834 | 10% | added | |
| 24 | IPGP IPG PHOTONICS | Technology | 0.3% | $66.6m | 459,804 | 17% | added |
| 25 | CGNX COGNEX | Technology | 0.3% | $65.4m | 1,167,817 | 0% | held |
| 26 | AOS AO SMITH | Industrials | 0.3% | $56.1m | 1,178,048 | 39% | added |
| 27 | VRSN VERISIGN | Technology | 0.2% | $52.6m | 272,873 | 0% | held |
| 28 | MSCI MSCI | Financial Services | 0.2% | $51.7m | 200,070 | 0% | held |
| 29 | PAYC PAYCOM SOFTWARE | Technology | 0.2% | $45.3m | 170,928 | 0% | held |
| 30 | MAR MARRIOTT INTERNATIONAL CL A | Consumer Cyclical | 0.1% | $26.0m | 171,758 | -19% | reduced |
| 31 | MELI MERCADOLIBRE | Consumer Cyclical | 0.1% | $19.9m | 34,804 | 47% | added |
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.