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FIS

Fundsmith Investment Services Portfolio holdings

AUM $4.52B
1-Year Est. Return 8.53%
This Fund
S&P 500
This Quarter Est. Return
+10.2%
1 Year Est. Return
+8.53%
3 Year Est. Return
+53.56%
5 Year Est. Return
+62.92%
10 Year Est. Return
–
AUM
$6.92B
AUM Growth
+$501M
Cap. Flow
-$113M
Cap. Flow %
-1.63%
Top 10 Hldgs %
67.6%
Holding
26
New
–
Increased
15
Reduced
6
Closed
–

Top Buys

Rank Stock Value
1
FTNT icon
Fortinet
FTNT
+$47.8M
2
ADP icon
Automatic Data Processing
ADP
+$18.8M
3
WAT icon
Waters Corp
WAT
+$7.62M
4
MTD icon
Mettler-Toledo International
MTD
+$6.86M
5
SYK icon
Stryker
SYK
+$2.2M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$92M
2
IDXX icon
Idexx Laboratories
IDXX
+$80.3M
3
PEP icon
PepsiCo
PEP
+$16.9M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$13.5M
5
PM icon
Philip Morris
PM
+$6.15M

Sector Composition

Rank Sector Weight
1 Consumer Staples 25.89%
2 Healthcare 24.2%
3 Technology 21.38%
4 Communication Services 11.51%
5 Consumer Discretionary 8.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$3.6T
$899M 12.99%
2,391,724
-258,420
-10% -$92M
META icon
2
Meta Platforms (Facebook)
META
$1.39T
$533M 7.7%
1,505,728
– –
SYK icon
3
Stryker
SYK
$130B
$528M 7.63%
1,764,252
+7,853
+0.4% +$2.2M
IDXX icon
4
Idexx Laboratories
IDXX
$44.3B
$454M 6.56%
818,619
-170,973
-17% -$80.3M
V icon
5
Visa
V
$682B
$443M 6.4%
1,701,521
+4,344
+0.3% +$1.07M
PM icon
6
Philip Morris
PM
$296B
$414M 5.99%
4,404,706
-66,757
-1% -$6.15M
ADP icon
7
Automatic Data Processing
ADP
$110B
$392M 5.67%
1,684,089
+80,896
+5% +$18.8M
WAT icon
8
Waters Corp
WAT
$40.9B
$374M 5.4%
1,134,683
+27,589
+2% +$7.62M
PEP icon
9
PepsiCo
PEP
$195B
$341M 4.93%
2,009,615
-102,028
-5% -$16.9M
MAR icon
10
Marriott International
MAR
$93.9B
$301M 4.35%
1,334,674
+7,166
+0.5% +$1.45M
MTD icon
11
Mettler-Toledo International
MTD
$28.6B
$290M 4.19%
239,147
+6,342
+3% +$6.86M
MKC icon
12
McCormick & Company Non-Voting
MKC
$15.2B
$279M 4.03%
4,075,588
-7,025
-0.2% -$460K
PG icon
13
Procter & Gamble
PG
$336B
$273M 3.94%
1,861,885
+11,867
+0.6% +$1.76M
GOOGL icon
14
Alphabet (Google) Class A
GOOGL
$4.22T
$264M 3.81%
1,888,668
-100,359
-5% -$13.5M
CHD icon
15
Church & Dwight Co
CHD
$23.5B
$256M 3.69%
2,703,549
+20,899
+0.8% +$1.91M
NKE icon
16
Nike
NKE
$60.9B
$238M 3.44%
2,195,166
– –
BF.B icon
17
Brown-Forman Class B
BF.B
$13B
$229M 3.31%
4,014,256
– –
OTIS icon
18
Otis Worldwide
OTIS
$27.4B
$152M 2.19%
1,693,969
+9,861
+0.6% +$820K
AAPL icon
19
Apple
AAPL
$4.62T
$94.6M 1.37%
491,211
– –
FTNT icon
20
Fortinet
FTNT
$112B
$93.8M 1.36%
1,603,420
+864,961
+117% +$47.8M
HD icon
21
Home Depot
HD
$343B
$17.1M 0.25%
49,311
+5,586
+13% +$1.73M
ZTS icon
22
Zoetis
ZTS
$31.7B
$14.7M 0.21%
74,407
+8,430
+13% +$1.49M
JNJ icon
23
Johnson & Johnson
JNJ
$659B
$14.4M 0.21%
91,630
+10,381
+13% +$1.59M
FCNCA icon
24
First Citizens BancShares
FCNCA
$24.5B
$10.4M 0.15%
7,296
– –
MCD icon
25
McDonald's
MCD
$189B
$9.03M 0.13%
30,444
+1,103
+4% +$300K
1
2

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Fundsmith Investment Services's Q4 2023 Portfolio in Review

As of Q4 2023, Fundsmith Investment Services held 26 positions worth $6.92B, up 7.8% from $6.42B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Trading was light in Q4 2023: portfolio turnover was 0%. Fundsmith Investment Services opened no new positions and made no exits, leaving the 26-position portfolio largely intact.

By sector, the portfolio is most concentrated in Consumer Staples at 26% of assets, down from 28% a quarter earlier, followed by Healthcare and Technology.

  • Fundsmith Investment Services added most to Fortinet in Q4 2023, an estimated $47.8M increase.
  • Fundsmith Investment Services's biggest Q4 2023 reduction was Microsoft, cutting an estimated $92M.
  • Fundsmith Investment Services's ten largest holdings make up 68% of its $6.92B portfolio in Q4 2023.
  • Fundsmith Investment Services opened 0 new positions and closed 0 in Q4 2023.
  • Fundsmith Investment Services's portfolio value rose 7.8% quarter-over-quarter to $6.92B.

Based on Fundsmith Investment Services's 13F filing for Q4 2023, filed 14 Feb 2024.