Fundsmith 13F holdings, Q2 2023
Holdings as of June 30, 2023 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 39 US equity positions worth $23.8bn in its Q2 2023 13F filing. The largest position was MSFT at 12.9% of the reported book, followed by SYK and META. Against the Q1 2023 filing, it opened 1 new position, added to 9 and reduced 8 among the top 39 holdings.
What did Fundsmith own in Q2 2023? Top 39 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2023 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 12.9% | $3.1bn | 9,012,591 | -0% | held |
| 2 | SYK STRYKER CORP | Healthcare | 7.1% | $1.7bn | 5,511,645 | 0% | held |
| 3 | META META PLATFORMS INC-CLASS A | Communication Services | 6.8% | $1.6bn | 5,653,137 | -0% | held |
| 4 | PM PHILIP MORRIS INTERNATIONAL | Consumer Defensive | 6.5% | $1.5bn | 15,784,916 | -4% | reduced |
| 5 | IDXX IDEXX LABORATORIES INC | Healthcare | 6.2% | $1.5bn | 2,961,551 | 0% | held |
| 6 | V VISA INC CLASS A SHARES | Financial Services | 5.7% | $1.4bn | 5,761,283 | 3% | added |
| 7 | MKC MCCORMICK & CO NON VTG SHRS | Consumer Defensive | 5.7% | $1.3bn | 15,467,107 | -0% | held |
| 8 | PEP PEPSICO INC | Consumer Defensive | 5.2% | $1.2bn | 6,644,967 | -0% | held |
| 9 | ADP AUTOMATIC DATA PROCESSING | Technology | 5.1% | $1.2bn | 5,526,368 | -0% | held |
| 10 | EL ESTEE LAUDER COMPANIES CL A | Consumer Defensive | 4.5% | $1.1bn | 5,418,525 | -0% | held |
| 11 | WAT WATERS CORP | Healthcare | 4.3% | $1.0bn | 3,809,473 | 3% | added |
| 12 | GOOGL ALPHABET CL A ORD | Communication Services | 3.8% | $911.6m | 7,615,636 | -0% | held |
| 13 | BF/B BROWN FORMAN CORP CLASS B | 3.4% | $814.4m | 12,195,517 | -0% | held | |
| 14 | MTD METTLER TOLEDO ORD | Healthcare | 3.1% | $746.5m | 569,144 | 1% | added |
| 15 | NKE NIKE INC CL B | Consumer Cyclical | 3.1% | $740.7m | 6,710,646 | -0% | held |
| 16 | PG PROCTER & GAMBLE ORD | Consumer Defensive | 3.1% | $735.8m | 4,849,177 | 183% | added |
| 17 | CHD CHURCH AND DWIGHT ORD | Consumer Defensive | 2.8% | $668.4m | 6,668,756 | -21% | reduced |
| 18 | OTIS OTIS WORLDWIDE ORD | Industrials | 2.4% | $574.6m | 6,455,411 | 3% | added |
| 19 | AAPL Apple | Technology | 1.1% | $258.5m | 1,332,635 | -1% | reduced |
| 20 | FTNT FORTINET ORD | Technology | 0.7% | $174.9m | 2,313,303 | 0% | held |
| 21 | VRSN VERISIGN INC | Technology | 0.6% | $152.5m | 674,791 | 0% | held |
| 22 | MASI* MASIMO CORP | 0.5% | $120.2m | 730,377 | -4% | reduced | |
| 23 | VRSK VERISK ANALYTICS INC | Industrials | 0.5% | $119.8m | 530,087 | 0% | held |
| 24 | EFX EQUIFAX INC | Industrials | 0.5% | $116.5m | 495,301 | 0% | held |
| 25 | CGNX COGNEX CORP | Technology | 0.5% | $115.4m | 2,059,788 | 0% | held |
| 26 | GGG GRACO ORD | Industrials | 0.4% | $106.1m | 1,229,228 | 125% | added |
| 27 | EXPO EXPONENT INC | Industrials | 0.4% | $102.7m | 1,100,101 | – | new |
| 28 | MSCI MSCI INC | Financial Services | 0.4% | $99.2m | 211,317 | 0% | held |
| 29 | QLYS QUALYS INC | Technology | 0.4% | $85.0m | 658,407 | 0% | held |
| 30 | IEX IDEX ORD | Industrials | 0.4% | $84.2m | 391,124 | 48% | added |
| 31 | IPGP IPG PHOTONICS CORP | Technology | 0.3% | $76.1m | 560,198 | -34% | reduced |
| 32 | ROL ROLLINS ORD | Consumer Cyclical | 0.3% | $73.9m | 1,726,161 | 0% | held |
| 33 | SABR SABRE CORP | Technology | 0.3% | $72.4m | 22,707,687 | 0% | held |
| 34 | PAYC PAYCOM SOFTWARE INC | Technology | 0.2% | $51.7m | 161,007 | 0% | held |
| 35 | HD HOME DEPOT ORD | Consumer Cyclical | 0.2% | $45.8m | 147,381 | -4% | reduced |
| 36 | JNJ JOHNSON & JOHNSON | Healthcare | 0.2% | $45.3m | 273,864 | -1% | reduced |
| 37 | ZTS ZOETIS CL A ORD | Healthcare | 0.2% | $38.3m | 222,386 | -1% | reduced |
| 38 | MAR MARRIOTT INTERNATIONAL CL A | Consumer Cyclical | 0.1% | $34.6m | 188,129 | 89% | added |
| 39 | MA MASTERCARD CL A ORD | Financial Services | 0.1% | $24.5m | 62,334 | 50% | added |
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.