Fundsmith 13F holdings, Q3 2023
Holdings as of September 30, 2023 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 39 US equity positions worth $22.0bn in its Q3 2023 13F filing. The largest position was MSFT at 12.4% of the reported book, followed by SYK and META. Against the Q2 2023 filing, it opened 2 new positions, added to 4 and reduced 18 among the top 39 holdings.
What did Fundsmith own in Q3 2023? Top 39 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2023 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 12.4% | $2.7bn | 8,648,822 | -4% | reduced |
| 2 | SYK STRYKER CORP | Healthcare | 6.9% | $1.5bn | 5,518,803 | 0% | held |
| 3 | META META PLATFORMS INC-CLASS A | Communication Services | 6.8% | $1.5bn | 5,006,145 | -11% | reduced |
| 4 | PM PHILIP MORRIS INTERNATIONAL | Consumer Defensive | 6.3% | $1.4bn | 15,064,536 | -5% | reduced |
| 5 | ADP AUTOMATIC DATA PROCESSING | Technology | 6.0% | $1.3bn | 5,520,512 | -0% | held |
| 6 | V VISA INC CLASS A SHARES | Financial Services | 6.0% | $1.3bn | 5,756,599 | -0% | held |
| 7 | IDXX IDEXX LABORATORIES INC | Healthcare | 5.9% | $1.3bn | 2,964,554 | 0% | held |
| 8 | MKC MCCORMICK & CO NON VTG SHRS | Consumer Defensive | 5.3% | $1.2bn | 15,312,665 | -1% | reduced |
| 9 | PEP PEPSICO INC | Consumer Defensive | 5.1% | $1.1bn | 6,639,272 | -0% | held |
| 10 | WAT WATERS CORP | Healthcare | 4.7% | $1.0bn | 3,806,494 | -0% | held |
| 11 | GOOGL ALPHABET CL A ORD | Communication Services | 4.5% | $993.1m | 7,588,728 | -0% | held |
| 12 | MAR MARRIOTT INTERNATIONAL CL A | Consumer Cyclical | 3.9% | $864.0m | 4,395,681 | 2237% | added |
| 13 | PG PROCTER & GAMBLE ORD | Consumer Defensive | 3.2% | $706.9m | 4,846,573 | -0% | held |
| 14 | BF/B BROWN FORMAN CORP CLASS B | 3.2% | $697.3m | 12,086,171 | -1% | reduced | |
| 15 | CHD CHURCH AND DWIGHT ORD | Consumer Defensive | 3.0% | $666.6m | 7,274,964 | 9% | added |
| 16 | NKE NIKE INC CL B | Consumer Cyclical | 2.9% | $640.9m | 6,702,262 | -0% | held |
| 17 | MTD METTLER TOLEDO ORD | Healthcare | 2.9% | $630.0m | 568,520 | -0% | held |
| 18 | OTIS OTIS WORLDWIDE ORD | Industrials | 2.4% | $518.1m | 6,450,913 | -0% | held |
| 19 | FTNT FORTINET ORD | Technology | 1.3% | $289.0m | 4,924,241 | 113% | added |
| 20 | AAPL Apple | Technology | 1.0% | $228.3m | 1,333,286 | 0% | held |
| 21 | VRSN VERISIGN INC | Technology | 0.6% | $135.7m | 670,166 | -1% | reduced |
| 22 | VRSK VERISK ANALYTICS INC | Industrials | 0.6% | $124.4m | 526,454 | -1% | reduced |
| 23 | MSCI MSCI INC | Financial Services | 0.5% | $107.7m | 209,869 | -1% | reduced |
| 24 | SABR SABRE CORP | Technology | 0.5% | $101.3m | 22,552,058 | -1% | reduced |
| 25 | QLYS QUALYS INC | Technology | 0.5% | $99.8m | 653,895 | -1% | reduced |
| 26 | EXPO EXPONENT INC | Industrials | 0.4% | $93.5m | 1,092,545 | -1% | reduced |
| 27 | EFX EQUIFAX INC | Industrials | 0.4% | $90.1m | 491,906 | -1% | reduced |
| 28 | GGG GRACO ORD | Industrials | 0.4% | $89.1m | 1,222,976 | -1% | reduced |
| 29 | CGNX COGNEX CORP | Technology | 0.4% | $86.8m | 2,045,671 | -1% | reduced |
| 30 | IEX IDEX ORD | Industrials | 0.4% | $80.9m | 389,008 | -1% | reduced |
| 31 | ROL ROLLINS ORD | Consumer Cyclical | 0.3% | $64.0m | 1,714,331 | -1% | reduced |
| 32 | IPGP IPG PHOTONICS CORP | Technology | 0.3% | $56.5m | 556,157 | -1% | reduced |
| 33 | HD HOME DEPOT ORD | Consumer Cyclical | 0.2% | $44.6m | 147,657 | 0% | held |
| 34 | JNJ JOHNSON & JOHNSON | Healthcare | 0.2% | $42.7m | 274,378 | 0% | held |
| 35 | PAYC PAYCOM SOFTWARE INC | Technology | 0.2% | $41.5m | 159,904 | -1% | reduced |
| 36 | ZTS ZOETIS CL A ORD | Healthcare | 0.2% | $38.8m | 222,803 | 0% | held |
| 37 | MA MASTERCARD CL A ORD | Financial Services | 0.1% | $24.8m | 62,758 | 1% | added |
| 38 | MCD MCDONALD S ORD | Consumer Cyclical | 0.1% | $24.3m | 92,320 | – | new |
| 39 | ODD ODDITY TECH LTD | Consumer Defensive | 0.1% | $16.3m | 575,000 | – | 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.