Fundsmith Equity 13F, Q3 2024
Terry Smith · quarter ending 30 September 2024 · filed 14 November 2024 · SEC CIK 1569205
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2024
The 25 largest of 40 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2024 filing.
| Company | Ticker | Value | % of book | vs Q2 2024 |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $2.97B | 11.8% | -3% shares |
| META PLATFORMS INC-CLASS A | META | $2.79B | 11.0% | unchanged |
| STRYKER CORP | SYK | $1.93B | 7.6% | unchanged |
| AUTOMATIC DATA PROCESSING | ADP | $1.54B | 6.1% | unchanged |
| VISA INC CLASS A SHARES | V | $1.53B | 6.0% | unchanged |
| PHILIP MORRIS INTERNATIONAL | PM | $1.46B | 5.8% | -17% shares |
| IDEXX LABORATORIES INC | IDXX | $1.35B | 5.3% | unchanged |
| WATERS CORP | WAT | $1.31B | 5.2% | unchanged |
| ALPHABET CL A ORD | GOOGL | $1.14B | 4.5% | unchanged |
| MARRIOTT INTERNATIONAL CL A | MAR | $1.06B | 4.2% | unchanged |
| PEPSICO INC | PEP | $976.08M | 3.9% | unchanged |
| METTLER TOLEDO ORD | MTD | $887.70M | 3.5% | unchanged |
| PROCTER & GAMBLE ORD | PG | $802.47M | 3.2% | unchanged |
| FORTINET ORD | FTNT | $784.67M | 3.1% | unchanged |
| CHURCH AND DWIGHT ORD | CHD | $720.76M | 2.9% | unchanged |
| OTIS WORLDWIDE ORD | OTIS | $638.32M | 2.5% | unchanged |
| NIKE INC CL B | NKE | $556.88M | 2.2% | unchanged |
| BROWN FORMAN CORP CLASS B | BF/B | $492.52M | 1.9% | -10% shares |
| Apple | AAPL | $363.15M | 1.4% | unchanged |
| TEXAS INSTRUMENTS INC | TXN | $351.30M | 1.4% | +10% shares |
| MCCORMICK & CO NON VTG SHRS | MKC | $142.23M | 0.6% | -83% shares |
| VERISIGN INC | VRSN | $118.63M | 0.5% | unchanged |
| VERISK ANALYTICS INC | VRSK | $111.92M | 0.4% | -10% shares |
| EQUIFAX INC | EFX | $106.77M | 0.4% | -21% shares |
| CLOROX COMPANY | CLX | $99.94M | 0.4% | +8% shares |
What changed since Q2 2024
Against the Q2 2024 filing, Fundsmith Equity opened 0 new positions, added to 2, trimmed 7, left 31 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 0001520023-24-000040, 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.