Fundsmith 13F holdings, Q4 2022
Holdings as of December 31, 2022 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 38 US equity positions worth $21.9bn in its Q4 2022 13F filing. The largest position was MSFT at 9.9% of the reported book, followed by PM and EL. Against the Q3 2022 filing, it opened 0 new positions, added to 2 and reduced 6 among the top 38 holdings.
What did Fundsmith own in Q4 2022? Top 38 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2022 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 9.9% | $2.2bn | 9,030,036 | -3% | reduced |
| 2 | PM PHILIP MORRIS INTERNATIONAL | Consumer Defensive | 7.6% | $1.7bn | 16,476,088 | -0% | held |
| 3 | EL ESTEE LAUDER COMPANIES CL A | Consumer Defensive | 6.4% | $1.4bn | 5,679,620 | -5% | reduced |
| 4 | IDXX IDEXX LABORATORIES INC | Healthcare | 6.4% | $1.4bn | 3,443,732 | -5% | reduced |
| 5 | SYK STRYKER CORP | Healthcare | 6.3% | $1.4bn | 5,607,041 | -0% | held |
| 6 | ADP AUTOMATIC DATA PROCESSING | Technology | 6.0% | $1.3bn | 5,540,720 | -1% | reduced |
| 7 | MKC MCCORMICK & CO NON VTG SHRS | Consumer Defensive | 5.9% | $1.3bn | 15,495,211 | -0% | held |
| 8 | WAT WATERS CORP | Healthcare | 5.8% | $1.3bn | 3,689,697 | -0% | held |
| 9 | PEP PEPSICO INC | Consumer Defensive | 5.5% | $1.2bn | 6,657,120 | -7% | reduced |
| 10 | V VISA INC CLASS A SHARES | Financial Services | 5.3% | $1.2bn | 5,612,145 | -0% | held |
| 11 | MTD METTLER TOLEDO ORD | Healthcare | 3.7% | $810.8m | 560,900 | -0% | held |
| 12 | BF/B BROWN FORMAN CORP CLASS B | 3.6% | $797.8m | 12,146,796 | -1% | reduced | |
| 13 | NKE NIKE INC CL B | Consumer Cyclical | 3.6% | $787.0m | 6,726,271 | -0% | held |
| 14 | ADBE ADOBE ORD | Technology | 3.2% | $709.9m | 2,109,326 | -0% | held |
| 15 | CHD CHURCH AND DWIGHT ORD | Consumer Defensive | 3.1% | $680.9m | 8,446,572 | -0% | held |
| 16 | GOOGL ALPHABET CL A ORD | Communication Services | 3.1% | $672.9m | 7,626,313 | -0% | held |
| 17 | META META PLATFORMS INC-CLASS A | Communication Services | 3.0% | $659.1m | 5,476,865 | -0% | held |
| 18 | AMZN AMAZON COM ORD | Consumer Cyclical | 2.6% | $569.3m | 6,777,831 | -0% | held |
| 19 | OTIS OTIS WORLDWIDE ORD | Industrials | 2.2% | $491.8m | 6,280,677 | -0% | held |
| 20 | SABR SABRE CORP | Technology | 0.6% | $140.3m | 22,707,687 | -0% | held |
| 21 | VRSN VERISIGN INC | Technology | 0.6% | $138.6m | 674,791 | -0% | held |
| 22 | FTNT FORTINET ORD | Technology | 0.5% | $113.1m | 2,313,303 | -0% | held |
| 23 | MASI* MASIMO CORP | 0.5% | $113.1m | 764,319 | -0% | held | |
| 24 | MSCI MSCI INC | Financial Services | 0.4% | $98.3m | 211,317 | -0% | held |
| 25 | CGNX COGNEX CORP | Technology | 0.4% | $97.0m | 2,059,788 | -0% | held |
| 26 | EFX EQUIFAX INC | Industrials | 0.4% | $96.3m | 495,301 | -0% | held |
| 27 | VRSK VERISK ANALYTICS INC | Industrials | 0.4% | $93.5m | 530,087 | -0% | held |
| 28 | IPGP IPG PHOTONICS CORP | Technology | 0.4% | $80.9m | 854,259 | -0% | held |
| 29 | QLYS QUALYS INC | Technology | 0.3% | $73.9m | 658,407 | -0% | held |
| 30 | ROL ROLLINS ORD | Consumer Cyclical | 0.3% | $63.1m | 1,726,161 | -0% | held |
| 31 | AAPL Apple | Technology | 0.3% | $61.0m | 469,234 | 3% | added |
| 32 | IEX IDEX ORD | Industrials | 0.3% | $60.2m | 263,740 | 175% | added |
| 33 | PAYC PAYCOM SOFTWARE INC | Technology | 0.2% | $50.0m | 161,007 | -0% | held |
| 34 | JNJ JOHNSON & JOHNSON | Healthcare | 0.2% | $48.7m | 275,797 | 0% | held |
| 35 | HD HOME DEPOT ORD | Consumer Cyclical | 0.2% | $48.3m | 152,766 | 0% | held |
| 36 | PG PROCTER & GAMBLE ORD | Consumer Defensive | 0.2% | $47.8m | 315,297 | 0% | held |
| 37 | ZTS ZOETIS CL A ORD | Healthcare | 0.1% | $32.8m | 223,956 | 0% | held |
| 38 | EW EDWARDS LIFESCIENCES ORD | Healthcare | 0.0% | $744.5k | 9,979 | 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.