Fundsmith 13F holdings, Q1 2022
Holdings as of March 31, 2022 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 44 US equity positions worth $29.1bn in its Q1 2022 13F filing. The largest position was MSFT at 10.6% of the reported book, followed by IDXX and EL. Against the Q4 2021 filing, it opened 2 new positions, added to 4 and reduced 29 among the top 44 holdings.
What did Fundsmith own in Q1 2022? Top 44 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2021 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 10.6% | $3.1bn | 10,018,432 | -23% | reduced |
| 2 | IDXX IDEXX LABORATORIES INC | Healthcare | 6.8% | $2.0bn | 3,618,062 | -15% | reduced |
| 3 | EL ESTEE LAUDER COMPANIES CL A | Consumer Defensive | 5.4% | $1.6bn | 5,794,870 | -19% | reduced |
| 4 | SYK STRYKER CORP | Healthcare | 5.4% | $1.6bn | 5,846,171 | -19% | reduced |
| 5 | PM PHILIP MORRIS INTERNATIONAL | Consumer Defensive | 5.3% | $1.5bn | 16,457,291 | -19% | reduced |
| 6 | MKC MCCORMICK & CO NON VTG SHRS | Consumer Defensive | 5.3% | $1.5bn | 15,486,666 | -18% | reduced |
| 7 | INTU INTUIT INC | Technology | 5.0% | $1.4bn | 3,006,900 | -19% | reduced |
| 8 | PEP PEPSICO INC | Consumer Defensive | 4.5% | $1.3bn | 7,807,921 | -25% | reduced |
| 9 | ADP AUTOMATIC DATA PROCESSING | Technology | 4.3% | $1.3bn | 5,562,848 | -22% | reduced |
| 10 | V VISA INC CLASS A SHARES | Financial Services | 4.3% | $1.2bn | 5,628,028 | -18% | reduced |
| 11 | META META PLATFORMS INC-CLASS A | Communication Services | 4.2% | $1.2bn | 5,476,931 | -19% | reduced |
| 12 | PYPL PAYPAL HOLDINGS INC | Financial Services | 4.2% | $1.2bn | 10,476,837 | -20% | reduced |
| 13 | WAT WATERS CORP | Healthcare | 3.9% | $1.1bn | 3,687,572 | -18% | reduced |
| 14 | AMZN AMAZON COM ORD | Consumer Cyclical | 3.8% | $1.1bn | 338,898 | -20% | reduced |
| 15 | GOOGL ALPHABET CL A ORD | Communication Services | 3.6% | $1.1bn | 380,432 | -9% | reduced |
| 16 | NKE NIKE INC CL B | Consumer Cyclical | 3.1% | $905.1m | 6,726,427 | -23% | reduced |
| 17 | ADBE ADOBE ORD | Technology | 3.0% | $876.2m | 1,923,197 | – | new |
| 18 | CHD CHURCH AND DWIGHT ORD | Consumer Defensive | 2.9% | $838.6m | 8,438,079 | -28% | reduced |
| 19 | BF/B BROWN FORMAN CORP CLASS B | 2.7% | $789.8m | 11,784,004 | -24% | reduced | |
| 20 | SBUX STARBUCKS CORP | Consumer Cyclical | 2.6% | $749.0m | 8,233,643 | -29% | reduced |
| 21 | MTD METTLER TOLEDO ORD | Healthcare | 1.9% | $566.6m | 412,603 | – | new |
| 22 | SABR SABRE CORP | Technology | 0.9% | $259.2m | 22,673,573 | 0% | held |
| 23 | FTNT FORTINET ORD | Technology | 0.5% | $157.9m | 461,993 | -27% | reduced |
| 24 | VRSK VERISK ANALYTICS INC | Industrials | 0.5% | $151.3m | 704,713 | -11% | reduced |
| 25 | AKX ANSYS INC | 0.5% | $147.9m | 465,713 | 0% | held | |
| 26 | CGNX COGNEX CORP | Technology | 0.5% | $147.1m | 1,907,048 | 5% | added |
| 27 | VRSN VERISIGN INC | Technology | 0.5% | $139.4m | 626,508 | -10% | reduced |
| 28 | QLYS QUALYS INC | Technology | 0.5% | $133.7m | 938,828 | -12% | reduced |
| 29 | EFX EQUIFAX INC | Industrials | 0.4% | $117.3m | 494,685 | -28% | reduced |
| 30 | MASI* MASIMO CORP | 0.4% | $110.8m | 761,096 | 75% | added | |
| 31 | MSCI MSCI INC | Financial Services | 0.4% | $106.1m | 211,000 | 0% | held |
| 32 | WING WINGSTOP ORD | Consumer Cyclical | 0.3% | $97.7m | 832,538 | 48% | added |
| 33 | IPGP IPG PHOTONICS CORP | Technology | 0.3% | $93.6m | 852,972 | 0% | held |
| 34 | PAYC PAYCOM SOFTWARE INC | Technology | 0.3% | $89.4m | 258,063 | 18% | added |
| 35 | ROL ROLLINS ORD | Consumer Cyclical | 0.3% | $80.0m | 2,282,107 | -13% | reduced |
| 36 | PG PROCTER & GAMBLE ORD | Consumer Defensive | 0.2% | $47.4m | 310,330 | -16% | reduced |
| 37 | HD HOME DEPOT ORD | Consumer Cyclical | 0.2% | $44.3m | 148,076 | -7% | reduced |
| 38 | JNJ JOHNSON & JOHNSON | Healthcare | 0.1% | $43.0m | 242,435 | -97% | reduced |
| 39 | ZTS ZOETIS CL A ORD | Healthcare | 0.1% | $41.6m | 220,428 | -16% | reduced |
| 40 | MELI MERCADOLIBRE | Consumer Cyclical | 0.1% | $28.8m | 24,225 | 0% | held |
| 41 | WNSN WNS HOLDINGS - ADR | 0.1% | $16.5m | 193,179 | 0% | held | |
| 42 | TSM Taiwan Semiconductor Manufacturing US ADR | Technology | 0.1% | $14.8m | 141,721 | 0% | held |
| 43 | G Genpact Ltd | Technology | 0.0% | $13.8m | 317,337 | 0% | held |
| 44 | XP XP CLASS A | Financial Services | 0.0% | $7.6m | 253,367 | 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.