Fundsmith Equity 13F, Q2 2024
Terry Smith · quarter ending 30 June 2024 · filed 14 August 2024 · SEC CIK 1569205
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2024
The 25 largest of 40 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2024 filing.
| Company | Ticker | Value | % of book | vs Q1 2024 |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $3.19B | 13.0% | -6% shares |
| META PLATFORMS INC-CLASS A | META | $2.46B | 10.0% | unchanged |
| STRYKER CORP | SYK | $1.82B | 7.4% | -2% shares |
| PHILIP MORRIS INTERNATIONAL | PM | $1.47B | 6.0% | -2% shares |
| VISA INC CLASS A SHARES | V | $1.46B | 5.9% | -2% shares |
| AUTOMATIC DATA PROCESSING | ADP | $1.33B | 5.4% | -3% shares |
| IDEXX LABORATORIES INC | IDXX | $1.30B | 5.3% | unchanged |
| ALPHABET CL A ORD | GOOGL | $1.25B | 5.1% | unchanged |
| WATERS CORP | WAT | $1.06B | 4.3% | -3% shares |
| MARRIOTT INTERNATIONAL CL A | MAR | $1.03B | 4.2% | -2% shares |
| PEPSICO INC | PEP | $950.18M | 3.9% | unchanged |
| METTLER TOLEDO ORD | MTD | $826.78M | 3.4% | -3% shares |
| PROCTER & GAMBLE ORD | PG | $766.42M | 3.1% | -3% shares |
| CHURCH AND DWIGHT ORD | CHD | $716.88M | 2.9% | -4% shares |
| MCCORMICK & CO NON VTG SHRS | MKC | $712.84M | 2.9% | -18% shares |
| FORTINET ORD | FTNT | $619.92M | 2.5% | +26% shares |
| OTIS WORLDWIDE ORD | OTIS | $590.87M | 2.4% | -3% shares |
| BROWN FORMAN CORP CLASS B | BF/B | $481.08M | 2.0% | -3% shares |
| NIKE INC CL B | NKE | $474.79M | 1.9% | -3% shares |
| Apple | AAPL | $328.27M | 1.3% | -2% shares |
| TEXAS INSTRUMENTS INC | TXN | $300.51M | 1.2% | +39% shares |
| VERISK ANALYTICS INC | VRSK | $125.08M | 0.5% | -3% shares |
| EQUIFAX INC | EFX | $111.14M | 0.5% | -3% shares |
| VERISIGN INC | VRSN | $111.04M | 0.5% | -3% shares |
| EXPONENT INC | EXPO | $96.84M | 0.4% | -3% shares |
What changed since Q1 2024
Against the Q1 2024 filing, Fundsmith Equity opened 0 new positions, added to 3, trimmed 27, left 10 unchanged and exited 0. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001520023-24-000030, filed by Fundsmith LLP. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.