Fundsmith LLP

LONDON, X0 · CIK 0001569205

Portfolio Value: $25.55B

Positions: 40

Period: 2024-03-31

Filed: 2024-05-15

Portfolio Value

$25.55B

Positions

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Increased

Decreased

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Fundsmith LLP Q1 2024 13F Filing Summary

Fundsmith LLP (LONDON, X0) reported a portfolio value of $25.55B across 40 positions in their Q1 2024 SEC 13F filing (period ending 2024-03-31). Top holdings include MSFT ($3.21B), META ($2.41B), SYK ($1.96B). The top 10 positions account for 66.1% of the portfolio. This quarter saw 1 new positions, 9 increases, 30 reductions, 31 complete exits. Notable new buy: TXN ($193.60M). Notable exits: IPGP, JNJ, EL.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	MSFTMICROSOFT CORP COM	594918104	$3.21B	7,617,903	12.54%	-4.1%
2	METAMETA PLATFORMS INC-CLASS A CL A	30303M102	$2.41B	4,969,549	9.44%	-0.6%
3	SYKSTRYKER CORP COM	863667101	$1.96B	5,479,066	7.67%	-0.6%
4	VVISA INC CLASS A SHARES COM CL A	92826C839	$1.59B	5,690,596	6.22%	-0.8%
5	IEXIDEXX LABORATORIES INC COM	45168D104	$1.47B	2,714,762	5.74%	-0.5%
6	ADPAUTOMATIC DATA PROCESSING COM	53015103	$1.44B	5,765,869	5.64%	-0.9%
7	PMPHILIP MORRIS INTERNATIONAL COM	718172109	$1.36B	14,822,237	5.32%	-1.4%
8	WATWATERS CORP COM	941848103	$1.30B	3,766,251	5.07%	-0.9%
9	MARMARRIOTT INTERNATIONAL CL A CL A	571903202	$1.10B	4,364,298	4.31%	-0.6%
10	GOOGLALPHABET CL A ORD CAP STK CL A	02079K305	$1.05B	6,980,992	4.12%	-0.5%
11	PEPPEPSICO INC COM	713448108	$1.02B	5,845,947	4.00%	-11.8%
12	MKCMCCORMICK & CO NON VTG SHRS COM NON VTG	579780206	$939.35M	12,229,563	3.68%	-19.0%
13	MTDMETTLER TOLEDO ORD COM	592688105	$812.21M	610,096	3.18%	+7.5%
14	PGPROCTER & GAMBLE ORD COM	742718109	$778.65M	4,799,082	3.05%	-0.8%
15	CHDCHURCH AND DWIGHT ORD COM	171340102	$748.05M	7,171,440	2.93%	-1.3%
16	OTISOTIS WORLDWIDE ORD COM	68902V107	$624.91M	6,295,103	2.45%	-2.3%
17	NKENIKE INC CL B CL B	654106103	$612.04M	6,512,417	2.40%	-2.6%
18	BF-ABROWN FORMAN CORP CLASS B CL B	115637209	$591.50M	11,458,780	2.32%	-1.7%
19	FTNTFORTINET ORD COM	3.4959e+113	$558.43M	8,174,985	2.19%	+11.5%
20	AAPLApple COM	37833100	$273.95M	1,597,544	1.07%	+19.7%
21	TXNTEXAS INSTRUMENTS INC COM	882508104	$193.60M	1,111,306	0.76%	New
22	EFXEQUIFAX INC COM	294429105	$126.48M	472,805	0.50%	-2.6%
23	VRSNVERISIGN INC COM	9.2343e+106	$122.07M	644,143	0.48%	-2.6%
24	VRSKVERISK ANALYTICS INC COM	92345Y106	$112.83M	478,647	0.44%	-7.9%
25	GGGGRACO ORD COM	384109104	$109.86M	1,175,486	0.43%	-2.6%
26	MSCIMSCI INC COM	55354G100	$96.32M	171,859	0.38%	-17.0%
27	CHHCHOICE HOTELS INTERNATIONAL ORD COM	169905106	$95.64M	756,944	0.37%	+0.0%
28	QLYSQUALYS INC COM	74758T303	$94.32M	565,246	0.37%	-9.4%
29	IEXIDEX ORD COM	45167R104	$91.24M	373,902	0.36%	-2.6%
30	CLXCLOROX COMPANY COM	189054109	$90.05M	588,141	0.35%	-2.6%
31	EXPOEXPONENT INC COM	30214U102	$86.83M	1,050,120	0.34%	-2.6%
32	CGNXCOGNEX CORP COM	192422103	$83.41M	1,966,235	0.33%	-2.6%
33	ROLROLLINS ORD COM	775711104	$76.24M	1,647,761	0.30%	-2.6%
34	PAYCPAYCOM SOFTWARE INC COM	70432V102	$64.73M	325,271	0.25%	+106.1%
35	ODDODDITY TECH LTD SHS CL A	M7518J104	$57.67M	1,327,313	0.23%	+20.2%
36	HDHOME DEPOT ORD COM	437076102	$56.23M	146,584	0.22%	-2.2%
37	SABRSABRE CORP COM	78573M104	$52.46M	21,676,328	0.21%	-2.6%
38	ZTSZOETIS CL A ORD CL A	98978V103	$38.72M	228,805	0.15%	+1.2%
39	MAMASTERCARD CL A ORD CL A	57636Q104	$31.04M	64,449	0.12%	+1.2%
40	MCDMCDONALD S ORD COM	580135101	$26.40M	93,617	0.10%	+1.2%

Position Changes

Stock	Value	Shares
TXNTEXAS INSTRUMENTS INC	$193.60M	1,111,306