Fundsmith 13F holdings, Q1 2024
Holdings as of March 31, 2024 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 40 US equity positions worth $25.6bn in its Q1 2024 13F filing. The largest position was MSFT at 12.5% of the reported book, followed by META and SYK. Against the Q4 2023 filing, it opened 2 new positions, added to 8 and reduced 30 among the top 40 holdings.
What did Fundsmith own in Q1 2024? Top 40 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2023 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 12.5% | $3.2bn | 7,617,903 | -4% | reduced |
| 2 | META META PLATFORMS INC-CLASS A | Communication Services | 9.4% | $2.4bn | 4,969,549 | -1% | reduced |
| 3 | SYK STRYKER CORP | Healthcare | 7.7% | $2.0bn | 5,479,066 | -1% | reduced |
| 4 | V VISA INC CLASS A SHARES | Financial Services | 6.2% | $1.6bn | 5,690,596 | -1% | reduced |
| 5 | IDXX IDEXX LABORATORIES INC | Healthcare | 5.7% | $1.5bn | 2,714,762 | -1% | reduced |
| 6 | ADP AUTOMATIC DATA PROCESSING | Technology | 5.6% | $1.4bn | 5,765,869 | -1% | reduced |
| 7 | PM PHILIP MORRIS INTERNATIONAL | Consumer Defensive | 5.3% | $1.4bn | 14,822,237 | -1% | reduced |
| 8 | WAT WATERS CORP | Healthcare | 5.1% | $1.3bn | 3,766,251 | -1% | reduced |
| 9 | MAR MARRIOTT INTERNATIONAL CL A | Consumer Cyclical | 4.3% | $1.1bn | 4,364,298 | -1% | reduced |
| 10 | GOOGL ALPHABET CL A ORD | Communication Services | 4.1% | $1.1bn | 6,980,992 | -1% | reduced |
| 11 | PEP PEPSICO INC | Consumer Defensive | 4.0% | $1.0bn | 5,845,947 | -12% | reduced |
| 12 | MKC MCCORMICK & CO NON VTG SHRS | Consumer Defensive | 3.7% | $939.4m | 12,229,563 | -19% | reduced |
| 13 | MTD METTLER TOLEDO ORD | Healthcare | 3.2% | $812.2m | 610,096 | 7% | added |
| 14 | PG PROCTER & GAMBLE ORD | Consumer Defensive | 3.0% | $778.7m | 4,799,082 | -1% | reduced |
| 15 | CHD CHURCH AND DWIGHT ORD | Consumer Defensive | 2.9% | $748.1m | 7,171,440 | -1% | reduced |
| 16 | OTIS OTIS WORLDWIDE ORD | Industrials | 2.4% | $624.9m | 6,295,103 | -2% | reduced |
| 17 | NKE NIKE INC CL B | Consumer Cyclical | 2.4% | $612.0m | 6,512,417 | -3% | reduced |
| 18 | BF/B BROWN FORMAN CORP CLASS B | 2.3% | $591.5m | 11,458,780 | -2% | reduced | |
| 19 | FTNT FORTINET ORD | Technology | 2.2% | $558.4m | 8,174,985 | 11% | added |
| 20 | AAPL Apple | Technology | 1.1% | $273.9m | 1,597,544 | 20% | added |
| 21 | TXN TEXAS INSTRUMENTS INC | Technology | 0.8% | $193.6m | 1,111,306 | – | new |
| 22 | EFX EQUIFAX INC | Industrials | 0.5% | $126.5m | 472,805 | -3% | reduced |
| 23 | VRSN VERISIGN INC | Technology | 0.5% | $122.1m | 644,143 | -3% | reduced |
| 24 | VRSK VERISK ANALYTICS INC | Industrials | 0.4% | $112.8m | 478,647 | -8% | reduced |
| 25 | GGG GRACO ORD | Industrials | 0.4% | $109.9m | 1,175,486 | -3% | reduced |
| 26 | MSCI MSCI INC | Financial Services | 0.4% | $96.3m | 171,859 | -17% | reduced |
| 27 | CHH CHOICE HOTELS INTERNATIONAL ORD | Consumer Cyclical | 0.4% | $95.6m | 756,944 | – | new |
| 28 | QLYS QUALYS INC | Technology | 0.4% | $94.3m | 565,246 | -9% | reduced |
| 29 | IEX IDEX ORD | Industrials | 0.4% | $91.2m | 373,902 | -3% | reduced |
| 30 | CLX CLOROX COMPANY | Consumer Defensive | 0.4% | $90.1m | 588,141 | -3% | reduced |
| 31 | EXPO EXPONENT INC | Industrials | 0.3% | $86.8m | 1,050,120 | -3% | reduced |
| 32 | CGNX COGNEX CORP | Technology | 0.3% | $83.4m | 1,966,235 | -3% | reduced |
| 33 | ROL ROLLINS ORD | Consumer Cyclical | 0.3% | $76.2m | 1,647,761 | -3% | reduced |
| 34 | PAYC PAYCOM SOFTWARE INC | Technology | 0.3% | $64.7m | 325,271 | 106% | added |
| 35 | ODD ODDITY TECH LTD | Consumer Defensive | 0.2% | $57.7m | 1,327,313 | 20% | added |
| 36 | HD HOME DEPOT ORD | Consumer Cyclical | 0.2% | $56.2m | 146,584 | -2% | reduced |
| 37 | SABR SABRE CORP | Technology | 0.2% | $52.5m | 21,676,328 | -3% | reduced |
| 38 | ZTS ZOETIS CL A ORD | Healthcare | 0.2% | $38.7m | 228,805 | 1% | added |
| 39 | MA MASTERCARD CL A ORD | Financial Services | 0.1% | $31.0m | 64,449 | 1% | added |
| 40 | MCD MCDONALD S ORD | Consumer Cyclical | 0.1% | $26.4m | 93,617 | 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.