Fundsmith LLP

LONDON, X0 · CIK 0001569205

Portfolio Value: $22.92B

Positions: 34

Period: 2020-06-30

Filed: 2020-08-12

Portfolio Value

$22.92B

Positions

New

Increased

Decreased

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Fundsmith LLP Q2 2020 13F Filing Summary

Fundsmith LLP (LONDON, X0) reported a portfolio value of $22.92B across 34 positions in their Q2 2020 SEC 13F filing (period ending 2020-06-30). Top holdings include MSFT ($2.43B), PYPL ($2.16B), META ($1.46B). The top 10 positions account for 66.1% of the portfolio. This quarter saw 1 new positions, 25 increases, 7 reductions, 16 complete exits. Notable new buy: QLYS ($64.89M). Notable exits: CLX, CHD, MMM.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	MSFTMICROSOFT COM	594918104	$2.43B	11,954,858	10.62%	-0.2%
2	PYPLPAYPAL HOLDINGS INC COM	70450Y103	$2.16B	12,388,814	9.42%	-0.1%
3	METAFACEBOOK CL A	30303M102	$1.46B	6,443,510	6.38%	+0.1%
4	IEXIDEXX LABORATORIES COM	45168D104	$1.40B	4,240,711	6.11%	-0.1%
5	INTUINTUIT INC COM	461202103	$1.36B	4,590,217	5.93%	+3.0%
6	PMPHILIP MORRIS INTERNATIONAL COM	718172109	$1.36B	19,375,855	5.92%	+13.8%
7	MKCMCCORMICK & CO NON VTG SHRS COM NON VTG	579780206	$1.35B	7,543,578	5.91%	+5.9%
8	ELESTEE LAUDER CL A	518439104	$1.28B	6,758,574	5.56%	+0.3%
9	VVISA INC CLASS A SHARES COM CL A	92826C839	$1.19B	6,150,855	5.18%	+0.9%
10	PEPPEPSICO INC COM	713448108	$1.16B	8,787,703	5.07%	+9.9%
11	SYKSTRYKER CORP COM	863667101	$1.12B	6,204,547	4.88%	+4.6%
12	BDXBECTON DICKINSON AND CO COM	75887109	$1.01B	4,242,057	4.43%	+11.3%
13	ADPAUTOMATIC DATA PROCESSING COM	53015103	$964.98M	6,481,152	4.21%	+3.3%
14	JNJJOHNSON & JOHNSON COM	478160104	$900.80M	6,405,491	3.93%	+19.1%
15	NKENIKE INC CL B CL B	654106103	$710.28M	7,244,034	3.10%	+212.3%
16	WATWATERS CORP COM	941848103	$702.44M	3,893,805	3.07%	-18.1%
17	BF-ABROWN FORMAN CORP CLASS B CL B	115637209	$628.00M	9,864,841	2.74%	+0.2%
18	SBUXSTARBUCKS CORP COM	855244109	$613.50M	8,336,710	2.68%	+214.6%
19	VRSKVERISK ANALYTICS COM	92345Y106	$103.38M	607,423	0.45%	+1.5%
20	EFXEQUIFAX COM	294429105	$99.14M	576,779	0.43%	+1.5%
21	MASIMASIMO COM	574795100	$97.78M	428,897	0.43%	-9.9%
22	ANSSANSYS COM	03662Q105	$97.74M	335,033	0.43%	+1.5%
23	CGNXCOGNEX COM	192422103	$95.71M	1,602,593	0.42%	+6.2%
24	IPGPIPG PHOTONICS COM	44980X109	$92.19M	574,773	0.40%	+1.5%
25	VRSNVERISIGN COM	9.2343e+106	$74.60M	360,694	0.33%	+1.5%
26	SABRSABRE COM	78573M104	$74.03M	9,185,260	0.32%	+15.5%
27	AOSAO SMITH COM	831865209	$70.09M	1,487,541	0.31%	+1.5%
28	MSCIMSCI COM	55354G100	$69.26M	207,490	0.30%	+1.5%
29	QLYSQUALYS COM	74758T303	$64.89M	623,812	0.28%	New
30	PAYCPAYCOM SOFTWARE COM	70432V102	$60.68M	195,926	0.26%	+12.2%
31	CHKPCHECK POINT SOFTWARE TECH ORD	M22465104	$58.15M	541,290	0.25%	-37.5%
32	MELIMERCADOLIBRE COM	58733R102	$29.57M	30,000	0.13%	-13.8%
33	MARMARRIOTT INTERNATIONAL CL A CL A	571903202	$15.77M	183,887	0.07%	+6.4%
34	XPXP CLASS A CL A	G98239109	$10.64M	253,367	0.05%	-

Position Changes

Stock	Value	Shares
QLYSQUALYS	$64.89M	623,812