Fundsmith 13F holdings, Q1 2020
Holdings as of March 31, 2020 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 34 US equity positions worth $17.8bn in its Q1 2020 13F filing. The largest position was MSFT at 10.6% of the reported book, followed by PM and PYPL. Against the Q4 2019 filing, it opened 3 new positions, added to 11 and reduced 18 among the top 34 holdings.
What did Fundsmith own in Q1 2020? Top 34 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2019 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT | Technology | 10.6% | $1.9bn | 11,972,921 | -2% | reduced |
| 2 | PM PHILIP MORRIS INTERNATIONAL | Consumer Defensive | 7.0% | $1.2bn | 17,022,953 | 1% | added |
| 3 | PYPL PAYPAL HOLDINGS INC | Financial Services | 6.7% | $1.2bn | 12,407,094 | -18% | reduced |
| 4 | EL ESTEE LAUDER | Consumer Defensive | 6.0% | $1.1bn | 6,738,662 | -2% | reduced |
| 5 | META FACEBOOK | Communication Services | 6.0% | $1.1bn | 6,433,861 | -2% | reduced |
| 6 | IDXX IDEXX LABORATORIES | Healthcare | 5.8% | $1.0bn | 4,245,227 | -8% | reduced |
| 7 | INTU INTUIT INC | Technology | 5.8% | $1.0bn | 4,457,596 | -6% | reduced |
| 8 | MKC MCCORMICK & CO NON VTG SHRS | Consumer Defensive | 5.7% | $1.0bn | 7,124,205 | -3% | reduced |
| 9 | SYK STRYKER CORP | Healthcare | 5.6% | $987.5m | 5,931,325 | -2% | reduced |
| 10 | V VISA INC CLASS A SHARES | Financial Services | 5.5% | $982.6m | 6,098,637 | -5% | reduced |
| 11 | PEP PEPSICO INC | Consumer Defensive | 5.4% | $960.2m | 7,995,065 | -6% | reduced |
| 12 | BDX BECTON DICKINSON AND CO | Healthcare | 4.9% | $875.6m | 3,810,792 | -0% | held |
| 13 | WAT WATERS CORP | Healthcare | 4.9% | $865.7m | 4,755,050 | -7% | reduced |
| 14 | ADP AUTOMATIC DATA PROCESSING | Technology | 4.8% | $857.6m | 6,274,833 | -3% | reduced |
| 15 | JNJ JOHNSON & JOHNSON | Healthcare | 4.0% | $705.5m | 5,379,781 | -11% | reduced |
| 16 | BF/B BROWN FORMAN CORP CLASS B | 3.1% | $546.5m | 9,844,631 | 2% | added | |
| 17 | CLX CLOROX COMPANY | Consumer Defensive | 1.6% | $275.8m | 1,592,042 | -5% | reduced |
| 18 | NKE NIKE INC CL B | Consumer Cyclical | 1.1% | $191.9m | 2,319,351 | – | new |
| 19 | SBUX STARBUCKS CORP | Consumer Cyclical | 1.0% | $174.2m | 2,649,785 | – | new |
| 20 | CHECK POINT SOFTWARE TECH | 0.5% | $87.1m | 866,437 | 8% | added | |
| 21 | MASI* MASIMO | 0.5% | $84.3m | 475,853 | -17% | reduced | |
| 22 | VRSK VERISK ANALYTICS | Industrials | 0.5% | $83.4m | 598,306 | -4% | reduced |
| 23 | AKX ANSYS | 0.4% | $76.7m | 329,985 | -5% | reduced | |
| 24 | EFX EQUIFAX | Industrials | 0.4% | $67.9m | 568,122 | -13% | reduced |
| 25 | VRSN VERISIGN | Technology | 0.4% | $64.0m | 355,281 | 30% | added |
| 26 | CGNX COGNEX | Technology | 0.4% | $63.7m | 1,508,999 | 29% | added |
| 27 | IPGP IPG PHOTONICS | Technology | 0.4% | $62.4m | 566,147 | 23% | added |
| 28 | MSCI MSCI | Financial Services | 0.3% | $59.1m | 204,376 | 2% | added |
| 29 | AOS AO SMITH | Industrials | 0.3% | $55.4m | 1,465,215 | 24% | added |
| 30 | SABR SABRE | Technology | 0.3% | $47.1m | 7,950,501 | 95% | added |
| 31 | PAYC PAYCOM SOFTWARE | Technology | 0.2% | $35.3m | 174,606 | 2% | added |
| 32 | MELI MERCADOLIBRE | Consumer Cyclical | 0.1% | $17.0m | 34,804 | 0% | held |
| 33 | MAR MARRIOTT INTERNATIONAL CL A | Consumer Cyclical | 0.1% | $12.9m | 172,847 | 1% | added |
| 34 | XP XP CLASS A | Financial Services | 0.0% | $4.9m | 253,367 | – | new |
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.