Fundsmith Investment Services’s PepsiCo PEP Stock Holding History

Fundsmith Investment Services’s Portfolio PEP Stock Details PEP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q1	–	Sell	-1,848,406	Closed	-$281M	–	31
2024 Q4	$281M	Hold	1,848,406	–	–	3.66%	14
2024 Q3	$314M	Sell	1,848,406 -7,739	-0.4%	-$1.33M	3.91%	13
2024 Q2	$306M	Sell	1,856,145 -29,347	-2%	-$5.06M	3.95%	13
2024 Q1	$330M	Sell	1,885,492 -124,123	-6%	-$20.9M	4.39%	10
2023 Q4	$341M	Sell	2,009,615 -102,028	-5%	-$16.9M	4.93%	9
2023 Q3	$358M	Buy	2,111,643 +680	+0%	+$124K	5.57%	8
2023 Q2	$391M	Buy	2,110,963 +2,074	+0.1%	+$387K	5.7%	7
2023 Q1	$384M	Buy	2,108,889 +1,086	+0.1%	+$190K	5.92%	6
2022 Q4	$381M	Buy	2,107,803 +20,844	+1%	+$3.72M	6.34%	6
2022 Q3	$341M	Sell	2,086,959 -4,656	-0.2%	-$802K	5.89%	4
2022 Q2	$349M	Buy	2,091,615 +82,343	+4%	+$13.9M	5.81%	5
2022 Q1	$336M	Buy	+2,009,272	New	+$337M	4.61%	8

Other funds holding PEP

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Charles Schwab San Francisco, California $751B AUM 38.74% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

Fundsmith Investment Services's PEP Position: Q1 2025 in Review

Fundsmith Investment Services sold out of PepsiCo (PEP) in Q1 2025, closing a stake of 1,848,406 shares — an estimated $281M sold.

Fundsmith Investment Services first reported a position in PEP in Q1 2022 and held it in 12 quarters. The position peaked at $391M in Q2 2023. 3,425 funds tracked by Wall St. Rank hold PEP as of Q1 2025.

Fundsmith Investment Services reported no remaining PepsiCo position as of Q1 2025 after selling out during the quarter.
Fundsmith Investment Services sold 1,848,406 PepsiCo shares in Q1 2025, an estimated $281M.
Fundsmith Investment Services first reported a position in PepsiCo in Q1 2022 and held it in 12 quarters.
Fundsmith Investment Services's PepsiCo position peaked at $391M in Q2 2023.
3,425 funds tracked by Wall St. Rank held PepsiCo as of Q1 2025.

Based on Fundsmith Investment Services's 13F filing for Q1 2025, filed 15 May 2025.