Fundsmith (Terry Smith) disclosed 31 US equity positions worth $21.2bn in its Q4 2019 13F filing. Its largest position is MSFT at 9.1% of the reported book, followed by PYPL and PM. Versus Q3 2019 it opened 1 new position, added to 16, reduced 2 and exited 1.
$21.2bn
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.
65.9%
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.