Fundsmith LLP

LONDON, X0 · CIK 0001569205

Portfolio Value: $22.01B

Positions: 39

Period: 2023-09-30

Filed: 2023-11-14

Portfolio Value

$22.01B

Positions

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Increased

Decreased

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Fundsmith LLP Q3 2023 13F Filing Summary

Fundsmith LLP (LONDON, X0) reported a portfolio value of $22.01B across 39 positions in their Q3 2023 SEC 13F filing (period ending 2023-09-30). Top holdings include MSFT ($2.73B), SYK ($1.51B), META ($1.50B). The top 10 positions account for 65.5% of the portfolio. This quarter saw 1 new positions, 11 increases, 27 reductions, 31 complete exits. Notable new buy: ODD ($16.30M). Notable exits: EL, MASI, AMZN.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	MSFTMICROSOFT CORP COM	594918104	$2.73B	8,648,822	12.41%	-4.0%
2	SYKSTRYKER CORP COM	863667101	$1.51B	5,518,803	6.85%	+0.1%
3	METAMETA PLATFORMS INC-CLASS A CL A	30303M102	$1.50B	5,006,145	6.83%	-11.4%
4	PMPHILIP MORRIS INTERNATIONAL COM	718172109	$1.39B	15,064,536	6.34%	-4.6%
5	ADPAUTOMATIC DATA PROCESSING COM	53015103	$1.33B	5,520,512	6.03%	-0.1%
6	VVISA INC CLASS A SHARES COM CL A	92826C839	$1.32B	5,756,599	6.02%	-0.1%
7	IEXIDEXX LABORATORIES INC COM	45168D104	$1.30B	2,964,554	5.89%	+0.1%
8	MKCMCCORMICK & CO NON VTG SHRS COM NON VTG	579780206	$1.16B	15,312,665	5.26%	-1.0%
9	PEPPEPSICO INC COM	713448108	$1.12B	6,639,272	5.11%	-0.1%
10	WATWATERS CORP COM	941848103	$1.04B	3,806,494	4.74%	-0.1%
11	GOOGLALPHABET CL A ORD CAP STK CL A	02079K305	$993.06M	7,588,728	4.51%	-0.4%
12	MARMARRIOTT INTERNATIONAL CL A CL A	571903202	$864.02M	4,395,681	3.93%	+2236.5%
13	PGPROCTER & GAMBLE ORD COM	742718109	$706.92M	4,846,573	3.21%	-0.1%
14	BF-ABROWN FORMAN CORP CLASS B CL B	115637209	$697.25M	12,086,171	3.17%	-0.9%
15	CHDCHURCH AND DWIGHT ORD COM	171340102	$666.60M	7,274,964	3.03%	+9.1%
16	NKENIKE INC CL B CL B	654106103	$640.87M	6,702,262	2.91%	-0.1%
17	MTDMETTLER TOLEDO ORD COM	592688105	$629.96M	568,520	2.86%	-0.1%
18	OTISOTIS WORLDWIDE ORD COM	68902V107	$518.07M	6,450,913	2.35%	-0.1%
19	FTNTFORTINET ORD COM	3.4959e+113	$288.95M	4,924,241	1.31%	+112.9%
20	AAPLApple COM	37833100	$228.27M	1,333,286	1.04%	+0.0%
21	VRSNVERISIGN INC COM	9.2343e+106	$135.73M	670,166	0.62%	-0.7%
22	VRSKVERISK ANALYTICS INC COM	92345Y106	$124.37M	526,454	0.57%	-0.7%
23	MSCIMSCI INC COM	55354G100	$107.68M	209,869	0.49%	-0.7%
24	SABRSABRE CORP COM	78573M104	$101.26M	22,552,058	0.46%	-0.7%
25	QLYSQUALYS INC COM	74758T303	$99.75M	653,895	0.45%	-0.7%
26	EXPOEXPONENT INC COM	30214U102	$93.52M	1,092,545	0.42%	-0.7%
27	EFXEQUIFAX INC COM	294429105	$90.11M	491,906	0.41%	-0.7%
28	GGGGRACO ORD COM	384109104	$89.13M	1,222,976	0.40%	-0.5%
29	CGNXCOGNEX CORP COM	192422103	$86.82M	2,045,671	0.39%	-0.7%
30	IEXIDEX ORD COM	45167R104	$80.92M	389,008	0.37%	-0.5%
31	ROLROLLINS ORD COM	775711104	$64.00M	1,714,331	0.29%	-0.7%
32	IPGPIPG PHOTONICS CORP COM	44980X109	$56.47M	556,157	0.26%	-0.7%
33	HDHOME DEPOT ORD COM	437076102	$44.62M	147,657	0.20%	+0.2%
34	JNJJOHNSON & JOHNSON COM	478160104	$42.73M	274,378	0.19%	+0.2%
35	PAYCPAYCOM SOFTWARE INC COM	70432V102	$41.46M	159,904	0.19%	-0.7%
36	ZTSZOETIS CL A ORD CL A	98978V103	$38.76M	222,803	0.18%	+0.2%
37	MAMASTERCARD CL A ORD CL A	57636Q104	$24.85M	62,758	0.11%	+0.7%
38	MCDMCDONALD S ORD COM	580135101	$24.32M	92,320	0.11%	+0.0%
39	ODDODDITY TECH LTD SHS CL A	M7518J104	$16.30M	575,000	0.07%	New

Position Changes

Stock	Value	Shares
ODDODDITY TECH LTD	$16.30M	575,000