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Fundsmith LLP

Fundsmith LLP Portfolio holdings

AUM $13.6B
1-Year Est. Return 7.6%
This Fund
S&P 500
This Quarter Est. Return
+13.77%
1 Year Est. Return
+7.6%
3 Year Est. Return
+53.18%
5 Year Est. Return
+52.54%
10 Year Est. Return
+342.88%
AUM
$21.9B
AUM Growth
+$829M
Cap. Flow
-$1.54B
Cap. Flow %
-7.02%
Top 10 Hldgs %
65.12%
Holding
46
New
–
Increased
6
Reduced
31
Closed
8
Avg Time Held
16.1 quarters
Top 10 Avg Time Held
12.1 quarters
Top 20 Avg Time Held
18.7 quarters

Top Buys

Rank Stock Value
1
IEX icon
IDEX
IEX
+$37.5M
2
AAPL icon
Apple
AAPL
+$1.82M
3
JNJ icon
Johnson & Johnson
JNJ
+$164K
4
HD icon
Home Depot
HD
+$156K
5
PG icon
Procter & Gamble
PG
+$152K

Top Sells

Rank Stock Value
1
INTU icon
Intuit
INTU
+$657M
2
PYPL icon
PayPal
PYPL
+$483M
3
PEP icon
PepsiCo
PEP
+$86.9M
4
IDXX icon
Idexx Laboratories
IDXX
+$68.7M
5
EL icon
Estee Lauder
EL
+$61.7M

Sector Composition

Rank Sector Weight
1 Consumer Staples 32.38%
2 Healthcare 23.05%
3 Technology 22.62%
4 Consumer Discretionary 6.7%
5 Communication Services 6.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
MSFT icon
1
Microsoft
MSFT
$3.97T
$2.17B 9.89%
9,030,036
-254,578
-3% -$61.1M
2018 Q3
17 quarters
PM icon
2
Philip Morris
PM
$314B
$1.67B 7.62%
16,476,088
-12,979
-0.1% -$1.22M
2013 Q2
38 quarters
EL icon
3
Estee Lauder
EL
$35.5B
$1.41B 6.44%
5,679,620
-276,354
-5% -$61.7M
2016 Q2
26 quarters
IDXX icon
4
Idexx Laboratories
IDXX
$40.8B
$1.4B 6.42%
3,443,732
-177,045
-5% -$68.7M
2015 Q1
31 quarters
SYK icon
5
Stryker
SYK
$106B
$1.37B 6.26%
5,607,041
-21,528
-0.4% -$4.89M
2013 Q2
38 quarters
ADP icon
6
Automatic Data Processing
ADP
$107B
$1.32B 6.04%
5,540,720
-30,958
-0.6% -$7.6M
2013 Q2
38 quarters
MKC icon
7
McCormick & Company Non-Voting
MKC
$12.1B
$1.28B 5.87%
15,495,211
-11,510
-0.1% -$928K
2018 Q4
16 quarters
WAT icon
8
Waters Corp
WAT
$42.6B
$1.26B 5.77%
3,689,697
-3,500
-0.1% -$1.11M
2015 Q1
31 quarters
PEP icon
9
PepsiCo
PEP
$172B
$1.2B 5.49%
6,657,120
-487,193
-7% -$86.9M
2013 Q2
38 quarters
V icon
10
Visa
V
$724B
$1.17B 5.33%
5,612,145
-23,245
-0.4% -$4.69M
2013 Q2
38 quarters
MTD icon
11
Mettler-Toledo International
MTD
$31.1B
$811M 3.7%
560,900
-556
-0.1% -$744K
2022 Q1
3 quarters
BF.B icon
12
Brown-Forman Class B
BF.B
$12.1B
$798M 3.64%
12,146,796
-79,544
-0.7% -$5.4M
2019 Q3
13 quarters
NKE icon
13
Nike
NKE
$51.6B
$787M 3.59%
6,726,271
-8,137
-0.1% -$819K
2020 Q1
11 quarters
ADBE icon
14
Adobe
ADBE
$94.3B
$710M 3.24%
2,109,326
-1,971
-0.1% -$630K
2022 Q1
3 quarters
CHD icon
15
Church & Dwight Co
CHD
$23.3B
$681M 3.11%
8,446,572
-11,453
-0.1% -$879K
2020 Q4
8 quarters
GOOGL icon
16
Alphabet (Google) Class A
GOOGL
$4.3T
$673M 3.07%
7,626,313
-6,515
-0.1% -$619K
2021 Q4
4 quarters
META icon
17
Meta Platforms (Facebook)
META
$1.83T
$659M 3.01%
5,476,865
-3,419
-0.1% -$401K
2018 Q1
19 quarters
AMZN icon
18
Amazon
AMZN
$2.83T
$569M 2.6%
6,777,831
-6,491
-0.1% -$641K
2021 Q3
5 quarters
OTIS icon
19
Otis Worldwide
OTIS
$25.1B
$492M 2.25%
6,280,677
-5,201
-0.1% -$384K
2022 Q3
1 quarter
SABR icon
20
Sabre
SABR
$767M
$140M 0.64%
22,707,687
-25,082
-0.1% -$140K
2018 Q4
16 quarters
VRSN icon
21
VeriSign
VRSN
$27.5B
$139M 0.63%
674,791
-742
-0.1% -$142K
2018 Q4
16 quarters
FTNT icon
22
Fortinet
FTNT
$143B
$113M 0.52%
2,313,303
-2,554
-0.1% -$133K
2020 Q3
9 quarters
MASI
23
DELISTED
Masimo
MASI
$113M 0.52%
764,319
-842
-0.1% -$116K
2018 Q4
16 quarters
MSCI icon
24
MSCI
MSCI
$41.1B
$98.3M 0.45%
211,317
-234
-0.1% -$109K
2018 Q4
16 quarters
CGNX icon
25
Cognex
CGNX
$10.6B
$97M 0.44%
2,059,788
-2,295
-0.1% -$108K
2018 Q4
16 quarters
1
2

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PMAM
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MGIA
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BHCM
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HRCM
Hood River Capital Management Palm Beach Gardens, Florida $13.8B AUM 163.97% 1-Year Est. Return
DWM
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VA
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Fundsmith LLP's Q4 2022 Portfolio in Review

As of Q4 2022, Fundsmith LLP held 46 positions worth $21.9B, up 3.9% from $21.1B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Fundsmith LLP withdrew a net $1.54B in Q4 2022, closing 8 positions and reducing 31 holdings. Its most notable exit was Intuit, an estimated $657M position sold in full.

By sector, the portfolio is most concentrated in Consumer Staples at 32% of assets, up from 30% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Fundsmith LLP added an estimated $37.5M to IDEX.

  • Fundsmith LLP added most to IDEX in Q4 2022, an estimated $37.5M increase.
  • Fundsmith LLP's biggest Q4 2022 reduction was PepsiCo, cutting an estimated $86.9M.
  • Fundsmith LLP fully exited Intuit in Q4 2022, selling an estimated $657M.
  • Fundsmith LLP's ten largest holdings make up 65% of its $21.9B portfolio in Q4 2022.
  • Fundsmith LLP opened 0 new positions and closed 8 in Q4 2022.
  • Fundsmith LLP's portfolio value rose 3.9% quarter-over-quarter to $21.9B.

Based on Fundsmith LLP's 13F filing for Q4 2022, filed 14 Feb 2023.