Fundsmith 13F holdings, Q4 2023
Holdings as of December 31, 2023 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 40 US equity positions worth $23.9bn in its Q4 2023 13F filing. The largest position was MSFT at 12.5% of the reported book, followed by META and SYK. Against the Q3 2023 filing, it opened 1 new position, added to 7 and reduced 18 among the top 40 holdings.
What did Fundsmith own in Q4 2023? Top 40 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2023 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 12.5% | $3.0bn | 7,943,324 | -8% | reduced |
| 2 | META META PLATFORMS INC-CLASS A | Communication Services | 7.4% | $1.8bn | 4,998,706 | -0% | held |
| 3 | SYK STRYKER CORP | Healthcare | 6.9% | $1.7bn | 5,512,626 | -0% | held |
| 4 | IDXX IDEXX LABORATORIES INC | Healthcare | 6.3% | $1.5bn | 2,728,917 | -8% | reduced |
| 5 | V VISA INC CLASS A SHARES | Financial Services | 6.3% | $1.5bn | 5,738,531 | -0% | held |
| 6 | PM PHILIP MORRIS INTERNATIONAL | Consumer Defensive | 5.9% | $1.4bn | 15,037,657 | -0% | held |
| 7 | ADP AUTOMATIC DATA PROCESSING | Technology | 5.7% | $1.4bn | 5,816,321 | 5% | added |
| 8 | WAT WATERS CORP | Healthcare | 5.2% | $1.3bn | 3,800,688 | -0% | held |
| 9 | PEP PEPSICO INC | Consumer Defensive | 4.7% | $1.1bn | 6,630,366 | -0% | held |
| 10 | MKC MCCORMICK & CO NON VTG SHRS | Consumer Defensive | 4.3% | $1.0bn | 15,090,383 | -1% | reduced |
| 11 | MAR MARRIOTT INTERNATIONAL CL A | Consumer Cyclical | 4.1% | $990.3m | 4,391,506 | -0% | held |
| 12 | GOOGL ALPHABET CL A ORD | Communication Services | 4.1% | $980.3m | 7,017,411 | -8% | reduced |
| 13 | NKE NIKE INC CL B | Consumer Cyclical | 3.0% | $725.8m | 6,685,413 | -0% | held |
| 14 | PG PROCTER & GAMBLE ORD | Consumer Defensive | 3.0% | $709.2m | 4,839,932 | -0% | held |
| 15 | MTD METTLER TOLEDO ORD | Healthcare | 2.9% | $688.5m | 567,593 | -0% | held |
| 16 | CHD CHURCH AND DWIGHT ORD | Consumer Defensive | 2.9% | $686.9m | 7,264,116 | -0% | held |
| 17 | BF/B BROWN FORMAN CORP CLASS B | 2.8% | $665.4m | 11,652,706 | -4% | reduced | |
| 18 | OTIS OTIS WORLDWIDE ORD | Industrials | 2.4% | $576.4m | 6,442,153 | -0% | held |
| 19 | FTNT FORTINET ORD | Technology | 1.8% | $429.1m | 7,331,844 | 49% | added |
| 20 | AAPL Apple | Technology | 1.1% | $256.9m | 1,334,585 | 0% | held |
| 21 | VRSN VERISIGN INC | Technology | 0.6% | $136.2m | 661,533 | -1% | reduced |
| 22 | VRSK VERISK ANALYTICS INC | Industrials | 0.5% | $124.1m | 519,672 | -1% | reduced |
| 23 | QLYS QUALYS INC | Technology | 0.5% | $122.5m | 623,955 | -5% | reduced |
| 24 | EFX EQUIFAX INC | Industrials | 0.5% | $120.1m | 485,569 | -1% | reduced |
| 25 | MSCI MSCI INC | Financial Services | 0.5% | $117.2m | 207,165 | -1% | reduced |
| 26 | GGG GRACO ORD | Industrials | 0.4% | $104.7m | 1,207,221 | -1% | reduced |
| 27 | SABR SABRE CORP | Technology | 0.4% | $98.0m | 22,261,537 | -1% | reduced |
| 28 | EXPO EXPONENT INC | Industrials | 0.4% | $94.9m | 1,078,471 | -1% | reduced |
| 29 | CLX CLOROX COMPANY | Consumer Defensive | 0.4% | $86.1m | 603,794 | – | new |
| 30 | CGNX COGNEX CORP | Technology | 0.4% | $84.3m | 2,019,318 | -1% | reduced |
| 31 | IEX IDEX ORD | Industrials | 0.3% | $83.4m | 383,997 | -1% | reduced |
| 32 | ROL ROLLINS ORD | Consumer Cyclical | 0.3% | $73.9m | 1,692,246 | -1% | reduced |
| 33 | IPGP IPG PHOTONICS CORP | Technology | 0.2% | $59.6m | 548,993 | -1% | reduced |
| 34 | HD HOME DEPOT ORD | Consumer Cyclical | 0.2% | $51.9m | 149,818 | 1% | added |
| 35 | ODD ODDITY TECH LTD | Consumer Defensive | 0.2% | $51.4m | 1,104,416 | 92% | added |
| 36 | ZTS ZOETIS CL A ORD | Healthcare | 0.2% | $44.6m | 226,064 | 1% | added |
| 37 | JNJ JOHNSON & JOHNSON | Healthcare | 0.2% | $43.6m | 278,393 | 1% | added |
| 38 | PAYC PAYCOM SOFTWARE INC | Technology | 0.1% | $32.6m | 157,844 | -1% | reduced |
| 39 | MCD MCDONALD S ORD | Consumer Cyclical | 0.1% | $27.4m | 92,495 | 0% | held |
| 40 | MA MASTERCARD CL A ORD | Financial Services | 0.1% | $27.2m | 63,677 | 1% | 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.