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Livermore
Livermore
ZHEN

Fundsmith

Superinvestor

Fundsmith LLP

SEC CIK
0001569205
Manager
Terry Smith
Style
Quality
Latest filing
Aug 14, 2026

Holdings in Q3 2022

Holdings as of Sep 30, 2022, filed Nov 14, 2022. Long positions only; changes compare share counts with Q2 2022.

Institution overview
Positions
46
+3 vs. Q2 2022
Portfolio value
$21.1B
−$1.60B (−7.0%) vs. Q2 2022
Filed
Nov 14, 2022
SEC
Holdings of Fundsmith in Q3 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
MSFTMicrosoft CorpStock9,284,614$2.16B10.3%−735,920−7.3%ReducedHistory
PMPhilip Morris International Inc.Stock16,489,067$1.37B6.5%+10,642+0.1%AddedHistory
ELEstee Lauder Companies IncCL A5,955,974$1.29B6.1%+4,678+0.1%AddedHistory
ADPAutomatic Data Processing IncStock5,571,678$1.26B6.0%+6,300+0.1%AddedHistory
IDXXIDEXX Laboratories IncCOM3,620,777$1.18B5.6%+1,902+0.1%AddedHistory
PEPPepsiCo IncStock7,144,313$1.17B5.5%+7,287+0.1%AddedHistory
SYKStryker CorpStock5,628,569$1.14B5.4%−421,279−7.0%ReducedHistory
MKCMcCormick & Co IncStock15,506,721$1.11B5.2%+13,838+0.1%AddedHistory
VVisa Inc.Stock5,635,390$1.00B4.8%+5,048+0.1%AddedHistory
WATWaters CorpCOM3,693,197$995.4M4.7%+3,972+0.1%AddedHistory
BF.BBrown Forman CorpStock12,226,340$813.9M3.9%+13,209+0.1%AddedHistory
AMZNAmazon Com IncStock6,784,322$766.6M3.6%+5,302+0.1%AddedHistory
METAMeta Platforms, Inc.Stock5,480,284$743.6M3.5%+2,803+0.1%AddedHistory
GOOGLAlphabet Inc.Stock7,632,828$730.1M3.5%00.0%UnchangedConverted for a 20-for-1 splitHistory
INTUIntuit Inc.Stock1,696,667$657.2M3.1%−674,761−28.5%ReducedHistory
MTDMettler Toledo International IncCOM561,456$608.7M2.9%+21,004+3.9%AddedHistory
CHDChurch & Dwight Co IncCOM8,458,025$604.2M2.9%+13,764+0.2%AddedHistory
ADBEAdobe Inc.Stock2,111,297$581.0M2.8%+2,449+0.1%AddedHistory
NKENIKE, Inc.Stock6,734,408$559.8M2.7%+6,671+0.1%AddedHistory
PYPLPayPal Holdings, Inc.Stock5,611,242$483.0M2.3%−4,040,576−41.9%ReducedHistory
OTISOtis Worldwide CorpStock6,285,878$401.0M1.9%+6,285,878NewHistory
VRSNVerisign IncCOM675,533$117.3M0.6%+8,035+1.2%AddedHistory
SABRSabre CorpCOM22,732,769$117.1M0.6%+262,934+1.2%AddedHistory
FTNTFortinet, Inc.Stock2,315,857$113.8M0.5%+26,787+1.2%AddedHistory
MASIMasimo CorpCOM765,161$108.0M0.5%+8,848+1.2%AddedHistory
QLYSQualys, Inc.COM661,420$92.2M0.4%−268,786−28.9%ReducedHistory
VRSKVerisk Analytics, Inc.COM530,677$90.5M0.4%+5,857+1.1%AddedHistory
MSCIMSCI Inc.Stock211,551$89.2M0.4%+2,447+1.2%AddedHistory
CGNXCognex CorpCOM2,062,083$85.5M0.4%+24,978+1.2%AddedHistory
EFXEquifax IncCOM495,850$85.0M0.4%+5,737+1.2%AddedHistory
IPGPIpg Photonics CorpCOM855,203$72.1M0.3%+9,892+1.2%AddedHistory
AAPLApple Inc.Stock456,485$63.1M0.3%+456,485NewHistory
ANSSAnsys IncCOM274,559$60.9M0.3%−104,576−27.6%ReducedHistory
ROLRollins IncCOM1,728,084$59.9M0.3%−151,188−8.0%ReducedHistory
PAYCPaycom Software, Inc.Stock161,308$53.2M0.3%−94,414−36.9%ReducedHistory
JNJJohnson & JohnsonStock274,847$44.9M0.2%+1,393+0.5%AddedHistory
HDHome Depot, Inc.Stock152,255$42.0M0.2%+750+0.5%AddedHistory
PGProcter & Gamble CoStock314,211$39.7M0.2%+1,593+0.5%AddedHistory
ZTSZoetis Inc.Stock223,185$33.1M0.2%+1,132+0.5%AddedHistory
MELIMercadolibre IncCOM24,225$20.1M0.1%00.0%UnchangedHistory
IEXIdex CorpCOM95,928$19.2M0.1%+95,928NewHistory
WNS Hldgs Ltd92932M101SPON ADR193,179$15.8M0.1%00.0%Unchanged–
GGenpact LTDSHS317,337$13.9M0.1%00.0%UnchangedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR155,558$10.7M0.1%00.0%UnchangedHistory
XPXP Inc.CL A253,367$4.82M<0.1%00.0%UnchangedHistory
EWEdwards Lifesciences CorpStock9,979$825.0K<0.1%+9,979NewHistory

Sold out since Q2 2022 (1)

Positions held at the end of Q2 2022 that are gone from this filing.

Positions of Fundsmith sold out since Q2 2022
SecurityClassShares in Q2 2022Value in Q2 2022% of portfolio in Q2 2022History
WINGWingstop Inc.COM825,464$61.7M0.3%History