Fundsmith LLP

LONDON, X0 · CIK 0001569205

Portfolio Value: $23.83B

Positions: 39

Period: 2023-06-30

Filed: 2023-08-14

Portfolio Value

$23.83B

Positions

New

Increased

Decreased

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Fundsmith LLP Q2 2023 13F Filing Summary

Fundsmith LLP (LONDON, X0) reported a portfolio value of $23.83B across 39 positions in their Q2 2023 SEC 13F filing (period ending 2023-06-30). Top holdings include MSFT ($3.07B), SYK ($1.68B), META ($1.62B). The top 10 positions account for 65.6% of the portfolio. This quarter saw 1 new positions, 11 increases, 17 reductions, 30 complete exits. Notable new buy: EXPO ($102.66M). Notable exits: AMZN, EW, ADBE.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	MSFTMICROSOFT CORP COM	594918104	$3.07B	9,012,591	12.88%	-0.2%
2	SYKSTRYKER CORP COM	863667101	$1.68B	5,511,645	7.06%	+0.2%
3	METAMETA PLATFORMS INC-CLASS A CL A	30303M102	$1.62B	5,653,137	6.81%	-0.2%
4	PMPHILIP MORRIS INTERNATIONAL COM	718172109	$1.54B	15,784,916	6.47%	-4.1%
5	IEXIDEXX LABORATORIES INC COM	45168D104	$1.49B	2,961,551	6.24%	+0.2%
6	VVISA INC CLASS A SHARES COM CL A	92826C839	$1.37B	5,761,283	5.74%	+2.6%
7	MKCMCCORMICK & CO NON VTG SHRS COM NON VTG	579780206	$1.35B	15,467,107	5.66%	-0.2%
8	PEPPEPSICO INC COM	713448108	$1.23B	6,644,967	5.16%	-0.2%
9	ADPAUTOMATIC DATA PROCESSING COM	53015103	$1.21B	5,526,368	5.10%	-0.3%
10	ELESTEE LAUDER COMPANIES CL A CL A	518439104	$1.06B	5,418,525	4.46%	-0.2%
11	WATWATERS CORP COM	941848103	$1.02B	3,809,473	4.26%	+3.0%
12	GOOGLALPHABET CL A ORD CAP STK CL A	02079K305	$911.59M	7,615,636	3.82%	-0.2%
13	BF-ABROWN FORMAN CORP CLASS B CL B	115637209	$814.42M	12,195,517	3.42%	-0.3%
14	MTDMETTLER TOLEDO ORD COM	592688105	$746.51M	569,144	3.13%	+1.4%
15	NKENIKE INC CL B CL B	654106103	$740.65M	6,710,646	3.11%	-0.2%
16	PGPROCTER & GAMBLE ORD COM	742718109	$735.81M	4,849,177	3.09%	+182.5%
17	CHDCHURCH AND DWIGHT ORD COM	171340102	$668.41M	6,668,756	2.80%	-21.1%
18	OTISOTIS WORLDWIDE ORD COM	68902V107	$574.60M	6,455,411	2.41%	+2.8%
19	AAPLApple COM	37833100	$258.49M	1,332,635	1.08%	-0.7%
20	FTNTFORTINET ORD COM	3.4959e+113	$174.86M	2,313,303	0.73%	-
21	VRSNVERISIGN INC COM	9.2343e+106	$152.48M	674,791	0.64%	-
22	MASIMASIMO CORP COM	574795100	$120.18M	730,377	0.50%	-4.4%
23	VRSKVERISK ANALYTICS INC COM	92345Y106	$119.82M	530,087	0.50%	-
24	EFXEQUIFAX INC COM	294429105	$116.54M	495,301	0.49%	-
25	CGNXCOGNEX CORP COM	192422103	$115.39M	2,059,788	0.48%	-
26	GGGGRACO ORD COM	384109104	$106.14M	1,229,228	0.45%	+125.2%
27	EXPOEXPONENT INC COM	30214U102	$102.66M	1,100,101	0.43%	New
28	MSCIMSCI INC COM	55354G100	$99.17M	211,317	0.42%	-
29	QLYSQUALYS INC COM	74758T303	$85.05M	658,407	0.36%	-
30	IEXIDEX ORD COM	45167R104	$84.19M	391,124	0.35%	+48.3%
31	IPGPIPG PHOTONICS CORP COM	44980X109	$76.09M	560,198	0.32%	-34.4%
32	ROLROLLINS ORD COM	775711104	$73.93M	1,726,161	0.31%	-
33	SABRSABRE CORP COM	78573M104	$72.44M	22,707,687	0.30%	-
34	PAYCPAYCOM SOFTWARE INC COM	70432V102	$51.72M	161,007	0.22%	-
35	HDHOME DEPOT ORD COM	437076102	$45.78M	147,381	0.19%	-4.1%
36	JNJJOHNSON & JOHNSON COM	478160104	$45.33M	273,864	0.19%	-1.3%
37	ZTSZOETIS CL A ORD CL A	98978V103	$38.30M	222,386	0.16%	-1.3%
38	MARMARRIOTT INTERNATIONAL CL A CL A	571903202	$34.56M	188,129	0.14%	+88.9%
39	MAMASTERCARD CL A ORD CL A	57636Q104	$24.52M	62,334	0.10%	+49.6%

Position Changes

Stock	Value	Shares
EXPOEXPONENT INC	$102.66M	1,100,101