Fundsmith 13F holdings, Q1 2023
Holdings as of March 31, 2023 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 40 US equity positions worth $23.2bn in its Q1 2023 13F filing. The largest position was MSFT at 11.2% of the reported book, followed by PM and SYK. Against the Q4 2022 filing, it opened 3 new positions, added to 7 and reduced 3 among the top 40 holdings.
What did Fundsmith own in Q1 2023? Top 40 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2022 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 11.2% | $2.6bn | 9,031,101 | 0% | held |
| 2 | PM PHILIP MORRIS INTERNATIONAL | Consumer Defensive | 6.9% | $1.6bn | 16,463,863 | -0% | held |
| 3 | SYK STRYKER CORP | Healthcare | 6.8% | $1.6bn | 5,498,313 | -2% | reduced |
| 4 | IDXX IDEXX LABORATORIES INC | Healthcare | 6.4% | $1.5bn | 2,954,196 | -14% | reduced |
| 5 | EL ESTEE LAUDER COMPANIES CL A | Consumer Defensive | 5.8% | $1.3bn | 5,428,332 | -4% | reduced |
| 6 | MKC MCCORMICK & CO NON VTG SHRS | Consumer Defensive | 5.6% | $1.3bn | 15,498,588 | 0% | held |
| 7 | V VISA INC CLASS A SHARES | Financial Services | 5.5% | $1.3bn | 5,613,420 | 0% | held |
| 8 | ADP AUTOMATIC DATA PROCESSING | Technology | 5.3% | $1.2bn | 5,541,966 | 0% | held |
| 9 | PEP PEPSICO INC | Consumer Defensive | 5.2% | $1.2bn | 6,658,537 | 0% | held |
| 10 | META META PLATFORMS INC-CLASS A | Communication Services | 5.2% | $1.2bn | 5,664,271 | 3% | added |
| 11 | WAT WATERS CORP | Healthcare | 4.9% | $1.1bn | 3,698,369 | 0% | held |
| 12 | MTD METTLER TOLEDO ORD | Healthcare | 3.7% | $859.1m | 561,414 | 0% | held |
| 13 | NKE NIKE INC CL B | Consumer Cyclical | 3.6% | $824.9m | 6,726,271 | 0% | held |
| 14 | GOOGL ALPHABET CL A ORD | Communication Services | 3.4% | $791.3m | 7,628,198 | 0% | held |
| 15 | BF/B BROWN FORMAN CORP CLASS B | 3.4% | $786.0m | 12,230,048 | 1% | added | |
| 16 | CHD CHURCH AND DWIGHT ORD | Consumer Defensive | 3.2% | $747.1m | 8,449,927 | 0% | held |
| 17 | AMZN AMAZON COM ORD | Consumer Cyclical | 3.0% | $700.1m | 6,777,831 | 0% | held |
| 18 | OTIS OTIS WORLDWIDE ORD | Industrials | 2.3% | $530.2m | 6,281,675 | 0% | held |
| 19 | PG PROCTER & GAMBLE ORD | Consumer Defensive | 1.1% | $255.2m | 1,716,482 | 444% | added |
| 20 | AAPL Apple | Technology | 1.0% | $221.3m | 1,341,979 | 186% | added |
| 21 | FTNT FORTINET ORD | Technology | 0.7% | $153.7m | 2,313,303 | 0% | held |
| 22 | VRSN VERISIGN INC | Technology | 0.6% | $142.6m | 674,791 | 0% | held |
| 23 | MASI* MASIMO CORP | 0.6% | $141.0m | 764,319 | 0% | held | |
| 24 | MSCI MSCI INC | Financial Services | 0.5% | $118.3m | 211,317 | 0% | held |
| 25 | IPGP IPG PHOTONICS CORP | Technology | 0.5% | $105.3m | 854,259 | 0% | held |
| 26 | CGNX COGNEX CORP | Technology | 0.4% | $102.1m | 2,059,788 | 0% | held |
| 27 | VRSK VERISK ANALYTICS INC | Industrials | 0.4% | $101.7m | 530,087 | 0% | held |
| 28 | EFX EQUIFAX INC | Industrials | 0.4% | $100.5m | 495,301 | 0% | held |
| 29 | SABR SABRE CORP | Technology | 0.4% | $97.4m | 22,707,687 | 0% | held |
| 30 | QLYS QUALYS INC | Technology | 0.4% | $85.6m | 658,407 | 0% | held |
| 31 | ROL ROLLINS ORD | Consumer Cyclical | 0.3% | $64.8m | 1,726,161 | 0% | held |
| 32 | IEX IDEX ORD | Industrials | 0.3% | $60.9m | 263,740 | 0% | held |
| 33 | PAYC PAYCOM SOFTWARE INC | Technology | 0.2% | $48.9m | 161,007 | 0% | held |
| 34 | HD HOME DEPOT ORD | Consumer Cyclical | 0.2% | $45.3m | 153,663 | 1% | added |
| 35 | JNJ JOHNSON & JOHNSON | Healthcare | 0.2% | $43.0m | 277,464 | 1% | added |
| 36 | GGG GRACO ORD | Industrials | 0.2% | $39.9m | 545,911 | – | new |
| 37 | ZTS ZOETIS CL A ORD | Healthcare | 0.2% | $37.5m | 225,309 | 1% | added |
| 38 | MAR MARRIOTT INTERNATIONAL CL A | Consumer Cyclical | 0.1% | $16.5m | 99,594 | – | new |
| 39 | MA MASTERCARD CL A ORD | Financial Services | 0.1% | $15.1m | 41,664 | – | new |
| 40 | EW EDWARDS LIFESCIENCES ORD | Healthcare | 0.0% | $825.6k | 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.