Fundsmith LLP

LONDON, X0 · CIK 0001569205

Portfolio Value: $30.17B

Positions: 39

Period: 2020-12-31

Filed: 2021-02-12

Portfolio Value

$30.17B

Positions

New

Increased

Decreased

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Fundsmith LLP Q4 2020 13F Filing Summary

Fundsmith LLP (LONDON, X0) reported a portfolio value of $30.17B across 39 positions in their Q4 2020 SEC 13F filing (period ending 2020-12-31). Top holdings include PYPL ($2.89B), MSFT ($2.69B), IEX ($2.11B). The top 10 positions account for 63.6% of the portfolio. This quarter saw 2 new positions, 25 increases, 11 reductions, 14 complete exits. Notable new buys: ZTS ($20.03M), TSM ($12.87M). Notable exits: CHKP, CLX, MMM.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	PYPLPAYPAL HOLDINGS INC COM	70450Y103	$2.89B	12,333,741	9.57%	-0.2%
2	MSFTMICROSOFT COM	594918104	$2.69B	12,072,338	8.90%	+1.2%
3	IEXIDEXX LABORATORIES COM	45168D104	$2.11B	4,226,428	7.00%	-0.2%
4	ELESTEE LAUDER CL A	518439104	$1.81B	6,786,727	5.99%	-0.2%
5	METAFACEBOOK CL A	30303M102	$1.75B	6,418,874	5.81%	-0.1%
6	INTUINTUIT INC COM	461202103	$1.74B	4,587,585	5.78%	-0.2%
7	SYKSTRYKER CORP COM	863667101	$1.63B	6,634,893	5.39%	+5.7%
8	PMPHILIP MORRIS INTERNATIONAL COM	718172109	$1.61B	19,467,941	5.34%	-0.2%
9	MKCMCCORMICK & CO NON VTG SHRS COM NON VTG	579780206	$1.54B	16,133,793	5.11%	+113.9%
10	PEPPEPSICO INC COM	713448108	$1.43B	9,648,806	4.74%	+8.3%
11	VVISA INC CLASS A SHARES COM CL A	92826C839	$1.34B	6,122,231	4.44%	-0.2%
12	ADPAUTOMATIC DATA PROCESSING COM	53015103	$1.25B	7,087,617	4.14%	+2.4%
13	SBUXSTARBUCKS CORP COM	855244109	$1.12B	10,441,081	3.70%	+0.6%
14	NKENIKE INC CL B CL B	654106103	$1.09B	7,733,544	3.63%	-0.2%
15	WATWATERS CORP COM	941848103	$1.09B	4,409,835	3.62%	+2.7%
16	BDXBECTON DICKINSON AND CO COM	75887109	$1.09B	4,345,415	3.60%	+0.1%
17	JNJJOHNSON & JOHNSON COM	478160104	$1.01B	6,392,509	3.33%	-0.3%
18	BF-ABROWN FORMAN CORP CLASS B CL B	115637209	$814.62M	10,255,848	2.70%	+0.0%
19	CHDCHURCH & DWIGHT INC COM	171340102	$491.21M	5,631,204	1.63%	+0.0%
20	SABRSABRE COM	78573M104	$163.66M	13,615,381	0.54%	+34.1%
21	IPGPIPG PHOTONICS COM	44980X109	$140.39M	627,344	0.47%	+0.1%
22	ANSSANSYS COM	03662Q105	$129.91M	357,103	0.43%	+6.6%
23	EFXEQUIFAX COM	294429105	$129.74M	672,758	0.43%	+16.6%
24	CGNXCOGNEX COM	192422103	$128.82M	1,604,491	0.43%	+0.1%
25	VRSKVERISK ANALYTICS COM	92345Y106	$126.25M	608,148	0.42%	+0.1%
26	MASIMASIMO COM	574795100	$115.20M	429,254	0.38%	+0.1%
27	QLYSQUALYS COM	74758T303	$113.80M	933,787	0.38%	+14.8%
28	FTNTFORTINET INC COM	3.4959e+113	$110.62M	744,771	0.37%	+250.6%
29	VRSNVERISIGN COM	9.2343e+106	$107.89M	498,577	0.36%	+16.1%
30	PAYCPAYCOM SOFTWARE COM	70432V102	$97.25M	215,026	0.32%	+0.1%
31	MSCIMSCI COM	55354G100	$92.76M	207,737	0.31%	+0.1%
32	AOSAO SMITH COM	831865209	$81.64M	1,489,317	0.27%	+0.1%
33	MELIMERCADOLIBRE COM	58733R102	$47.74M	28,500	0.16%	-5.0%
34	MARMARRIOTT INTERNATIONAL CL A CL A	571903202	$36.66M	277,920	0.12%	-0.6%
35	ZTSZOETIS INC CL A	98978V103	$20.03M	121,003	0.07%	New
36	TSMTAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	874039100	$12.87M	117,981	0.04%	New
37	XPXP CLASS A CL A	G98239109	$10.05M	253,367	0.03%	-
38	CLCOLGATE PALMOLIVE CO COM	194162103	$9.58M	112,079	0.03%	+4.5%
39	PGPROCTER AND GAMBLE CO COM	742718109	$5.31M	38,171	0.02%	+0.0%

Position Changes

Stock	Value	Shares
ZTSZOETIS INC	$20.03M	121,003
TSMTAIWAN SEMICONDUCTOR MFG LTD	$12.87M	117,981