Fundsmith LLP

LONDON, X0 · CIK 0001569205

Portfolio Value: $25.60B

Positions: 36

Period: 2020-09-30

Filed: 2020-11-12

Portfolio Value

$25.60B

Positions

New

Increased

Decreased

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Fundsmith LLP Q3 2020 13F Filing Summary

Fundsmith LLP (LONDON, X0) reported a portfolio value of $25.60B across 36 positions in their Q3 2020 SEC 13F filing (period ending 2020-09-30). Top holdings include MSFT ($2.51B), PYPL ($2.44B), META ($1.68B). The top 10 positions account for 65.4% of the portfolio. This quarter saw 1 new positions, 19 increases, 7 reductions, 15 complete exits. Notable new buy: FTNT ($25.03M). Notable exits: CLX, CHD, MMM.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	MSFTMICROSOFT COM	594918104	$2.51B	11,929,459	9.80%	-0.2%
2	PYPLPAYPAL HOLDINGS INC COM	70450Y103	$2.44B	12,359,311	9.51%	-0.2%
3	METAFACEBOOK CL A	30303M102	$1.68B	6,427,563	6.58%	-0.2%
4	IEXIDEXX LABORATORIES COM	45168D104	$1.66B	4,232,815	6.50%	-0.2%
5	INTUINTUIT INC COM	461202103	$1.50B	4,594,541	5.85%	+0.1%
6	ELESTEE LAUDER CL A	518439104	$1.48B	6,800,333	5.80%	+0.6%
7	MKCMCCORMICK & CO NON VTG SHRS COM NON VTG	579780206	$1.46B	7,542,095	5.72%	-0.0%
8	PMPHILIP MORRIS INTERNATIONAL COM	718172109	$1.46B	19,503,315	5.71%	+0.7%
9	SYKSTRYKER CORP COM	863667101	$1.31B	6,277,138	5.11%	+1.2%
10	PEPPEPSICO INC COM	713448108	$1.24B	8,911,181	4.82%	+1.4%
11	VVISA INC CLASS A SHARES COM CL A	92826C839	$1.23B	6,134,726	4.79%	-0.3%
12	BDXBECTON DICKINSON AND CO COM	75887109	$1.01B	4,340,972	3.95%	+2.3%
13	NKENIKE INC CL B CL B	654106103	$973.24M	7,752,398	3.80%	+7.0%
14	ADPAUTOMATIC DATA PROCESSING COM	53015103	$965.26M	6,919,915	3.77%	+6.8%
15	JNJJOHNSON & JOHNSON COM	478160104	$954.56M	6,411,610	3.73%	+0.1%
16	SBUXSTARBUCKS CORP COM	855244109	$892.04M	10,382,215	3.48%	+24.5%
17	WATWATERS CORP COM	941848103	$839.86M	4,292,028	3.28%	+10.2%
18	BF-ABROWN FORMAN CORP CLASS B CL B	115637209	$772.31M	10,253,745	3.02%	+3.9%
19	VRSKVERISK ANALYTICS COM	92345Y106	$112.56M	607,423	0.44%	-
20	ANSSANSYS COM	03662Q105	$109.63M	335,033	0.43%	-
21	IPGPIPG PHOTONICS COM	44980X109	$106.48M	626,454	0.42%	+9.0%
22	CGNXCOGNEX COM	192422103	$104.33M	1,602,593	0.41%	-
23	MASIMASIMO COM	574795100	$101.25M	428,897	0.40%	-
24	EFXEQUIFAX COM	294429105	$90.50M	576,779	0.35%	-
25	VRSNVERISIGN COM	9.2343e+106	$87.99M	429,518	0.34%	+19.1%
26	QLYSQUALYS COM	74758T303	$79.75M	813,720	0.31%	+30.4%
27	AOSAO SMITH COM	831865209	$78.54M	1,487,541	0.31%	-
28	MSCIMSCI COM	55354G100	$74.03M	207,490	0.29%	-
29	PAYCPAYCOM SOFTWARE COM	70432V102	$66.86M	214,794	0.26%	+9.6%
30	SABRSABRE COM	78573M104	$66.12M	10,156,442	0.26%	+10.6%
31	CHKPCHECK POINT SOFTWARE TECH ORD	M22465104	$40.28M	334,691	0.16%	-38.2%
32	MELIMERCADOLIBRE COM	58733R102	$32.47M	30,000	0.13%	-
33	MARMARRIOTT INTERNATIONAL CL A CL A	571903202	$25.88M	279,552	0.10%	+52.0%
34	FTNTFORTINET INC COM	3.4959e+113	$25.03M	212,445	0.10%	New
35	XPXP CLASS A CL A	G98239109	$10.56M	253,367	0.04%	-
36	CLCOLGATE PALMOLIVE CO COM	194162103	$8.27M	107,251	0.03%	+0.0%

Position Changes

Stock	Value	Shares
FTNTFORTINET INC	$25.03M	212,445