Fundsmith LLP

LONDON, X0 · CIK 0001569205

Portfolio Value: $17.77B

Positions: 34

Period: 2020-03-31

Filed: 2020-05-14

Portfolio Value

$17.77B

Positions

New

Increased

Decreased

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Fundsmith LLP Q1 2020 13F Filing Summary

Fundsmith LLP (LONDON, X0) reported a portfolio value of $17.77B across 34 positions in their Q1 2020 SEC 13F filing (period ending 2020-03-31). Top holdings include MSFT ($1.89B), PM ($1.24B), PYPL ($1.19B). The top 10 positions account for 64.7% of the portfolio. This quarter saw 3 new positions, 11 increases, 19 reductions, 15 complete exits. Notable new buys: NKE ($191.90M), SBUX ($174.20M), XP ($4.89M). Notable exits: CHD, MMM, GTLL.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	MSFTMICROSOFT COM	594918104	$1.89B	11,972,921	10.63%	-1.8%
2	PMPHILIP MORRIS INTERNATIONAL COM	718172109	$1.24B	17,022,953	6.99%	+0.7%
3	PYPLPAYPAL HOLDINGS INC COM	70450Y103	$1.19B	12,407,094	6.69%	-18.3%
4	ELESTEE LAUDER CL A	518439104	$1.07B	6,738,662	6.04%	-2.0%
5	METAFACEBOOK CL A	30303M102	$1.07B	6,433,861	6.04%	-2.3%
6	IEXIDEXX LABORATORIES COM	45168D104	$1.03B	4,245,227	5.79%	-7.5%
7	INTUINTUIT INC COM	461202103	$1.03B	4,457,596	5.77%	-6.0%
8	MKCMCCORMICK & CO NON VTG SHRS COM NON VTG	579780206	$1.01B	7,124,205	5.66%	-3.5%
9	SYKSTRYKER CORP COM	863667101	$987.51M	5,931,325	5.56%	-2.5%
10	VVISA INC CLASS A SHARES COM CL A	92826C839	$982.61M	6,098,637	5.53%	-4.9%
11	PEPPEPSICO INC COM	713448108	$960.21M	7,995,065	5.40%	-5.6%
12	BDXBECTON DICKINSON AND CO COM	75887109	$875.61M	3,810,792	4.93%	-0.3%
13	WATWATERS CORP COM	941848103	$865.66M	4,755,050	4.87%	-6.9%
14	ADPAUTOMATIC DATA PROCESSING COM	53015103	$857.64M	6,274,833	4.83%	-2.9%
15	JNJJOHNSON & JOHNSON COM	478160104	$705.45M	5,379,781	3.97%	-11.3%
16	BF-ABROWN FORMAN CORP CLASS B CL B	115637209	$546.48M	9,844,631	3.08%	+2.2%
17	CLXCLOROX COMPANY COM	189054109	$275.82M	1,592,042	1.55%	-5.4%
18	NKENIKE INC CL B CL B	654106103	$191.90M	2,319,351	1.08%	New
19	SBUXSTARBUCKS CORP COM	855244109	$174.20M	2,649,785	0.98%	New
20	CHKPCHECK POINT SOFTWARE TECH ORD	M22465104	$87.11M	866,437	0.49%	+8.1%
21	MASIMASIMO COM	574795100	$84.28M	475,853	0.47%	-17.2%
22	VRSKVERISK ANALYTICS COM	92345Y106	$83.39M	598,306	0.47%	-3.8%
23	ANSSANSYS COM	03662Q105	$76.71M	329,985	0.43%	-4.9%
24	EFXEQUIFAX COM	294429105	$67.86M	568,122	0.38%	-13.2%
25	VRSNVERISIGN COM	9.2343e+106	$63.98M	355,281	0.36%	+30.2%
26	CGNXCOGNEX COM	192422103	$63.71M	1,508,999	0.36%	+29.2%
27	IPGPIPG PHOTONICS COM	44980X109	$62.44M	566,147	0.35%	+23.1%
28	MSCIMSCI COM	55354G100	$59.06M	204,376	0.33%	+2.2%
29	AOSAO SMITH COM	831865209	$55.40M	1,465,215	0.31%	+24.4%
30	SABRSABRE COM	78573M104	$47.15M	7,950,501	0.27%	+95.3%
31	PAYCPAYCOM SOFTWARE COM	70432V102	$35.27M	174,606	0.20%	+2.2%
32	MELIMERCADOLIBRE COM	58733R102	$17.00M	34,804	0.10%	-
33	MARMARRIOTT INTERNATIONAL CL A CL A	571903202	$12.93M	172,847	0.07%	+0.6%
34	XPXP CLASS A CL A	G98239109	$4.89M	253,367	0.03%	New

Position Changes

Stock	Value	Shares
NKENIKE INC CL B	$191.90M	2,319,351
SBUXSTARBUCKS CORP	$174.20M	2,649,785
XPXP CLASS A	$4.89M	253,367