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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 Q4 2022

Holdings as of Dec 31, 2022, filed Feb 14, 2023. Long positions only; changes compare share counts with Q3 2022.

Institution overview
Positions
38
−8 vs. Q3 2022
Portfolio value
$21.9B
+$828.8M (+3.9%) vs. Q3 2022
Filed
Feb 14, 2023
SEC
Holdings of Fundsmith in Q4 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
MSFTMicrosoft CorpStock9,030,036$2.17B9.9%−254,578−2.7%ReducedHistory
PMPhilip Morris International Inc.Stock16,476,088$1.67B7.6%−12,979−0.1%ReducedHistory
ELEstee Lauder Companies IncCL A5,679,620$1.41B6.4%−276,354−4.6%ReducedHistory
IDXXIDEXX Laboratories IncCOM3,443,732$1.40B6.4%−177,045−4.9%ReducedHistory
SYKStryker CorpStock5,607,041$1.37B6.3%−21,528−0.4%ReducedHistory
ADPAutomatic Data Processing IncStock5,540,720$1.32B6.0%−30,958−0.6%ReducedHistory
MKCMcCormick & Co IncStock15,495,211$1.28B5.9%−11,510−0.1%ReducedHistory
WATWaters CorpCOM3,689,697$1.26B5.8%−3,500−0.1%ReducedHistory
PEPPepsiCo IncStock6,657,120$1.20B5.5%−487,193−6.8%ReducedHistory
VVisa Inc.Stock5,612,145$1.17B5.3%−23,245−0.4%ReducedHistory
MTDMettler Toledo International IncCOM560,900$810.8M3.7%−556−0.1%ReducedHistory
BF.BBrown Forman CorpStock12,146,796$797.8M3.6%−79,544−0.7%ReducedHistory
NKENIKE, Inc.Stock6,726,271$787.0M3.6%−8,137−0.1%ReducedHistory
ADBEAdobe Inc.Stock2,109,326$709.9M3.2%−1,971−0.1%ReducedHistory
CHDChurch & Dwight Co IncCOM8,446,572$680.9M3.1%−11,453−0.1%ReducedHistory
GOOGLAlphabet Inc.Stock7,626,313$672.9M3.1%−6,515−0.1%ReducedHistory
METAMeta Platforms, Inc.Stock5,476,865$659.1M3.0%−3,419−0.1%ReducedHistory
AMZNAmazon Com IncStock6,777,831$569.3M2.6%−6,491−0.1%ReducedHistory
OTISOtis Worldwide CorpStock6,280,677$491.8M2.2%−5,201−0.1%ReducedHistory
SABRSabre CorpCOM22,707,687$140.3M0.6%−25,082−0.1%ReducedHistory
VRSNVerisign IncCOM674,791$138.6M0.6%−742−0.1%ReducedHistory
FTNTFortinet, Inc.Stock2,313,303$113.1M0.5%−2,554−0.1%ReducedHistory
MASIMasimo CorpCOM764,319$113.1M0.5%−842−0.1%ReducedHistory
MSCIMSCI Inc.Stock211,317$98.3M0.4%−234−0.1%ReducedHistory
CGNXCognex CorpCOM2,059,788$97.0M0.4%−2,295−0.1%ReducedHistory
EFXEquifax IncCOM495,301$96.3M0.4%−549−0.1%ReducedHistory
VRSKVerisk Analytics, Inc.COM530,087$93.5M0.4%−590−0.1%ReducedHistory
IPGPIpg Photonics CorpCOM854,259$80.9M0.4%−944−0.1%ReducedHistory
QLYSQualys, Inc.COM658,407$73.9M0.3%−3,013−0.5%ReducedHistory
ROLRollins IncCOM1,726,161$63.1M0.3%−1,923−0.1%ReducedHistory
AAPLApple Inc.Stock469,234$61.0M0.3%+12,749+2.8%AddedHistory
IEXIdex CorpCOM263,740$60.2M0.3%+167,812+174.9%AddedHistory
PAYCPaycom Software, Inc.Stock161,007$50.0M0.2%−301−0.2%ReducedHistory
JNJJohnson & JohnsonStock275,797$48.7M0.2%+950+0.3%AddedHistory
HDHome Depot, Inc.Stock152,766$48.3M0.2%+511+0.3%AddedHistory
PGProcter & Gamble CoStock315,297$47.8M0.2%+1,086+0.3%AddedHistory
ZTSZoetis Inc.Stock223,956$32.8M0.1%+771+0.3%AddedHistory
EWEdwards Lifesciences CorpStock9,979$744.5K<0.1%00.0%UnchangedHistory

Sold out since Q3 2022 (8)

Positions held at the end of Q3 2022 that are gone from this filing.

Positions of Fundsmith sold out since Q3 2022
SecurityClassShares in Q3 2022Value in Q3 2022% of portfolio in Q3 2022History
INTUIntuit Inc.Stock1,696,667$657.2M3.1%History
PYPLPayPal Holdings, Inc.Stock5,611,242$483.0M2.3%History
ANSSAnsys IncCOM274,559$60.9M0.3%History
MELIMercadolibre IncCOM24,225$20.1M0.1%History
WNS Hldgs Ltd92932M101SPON ADR193,179$15.8M0.1%–
GGenpact LTDSHS317,337$13.9M0.1%History
TSMTaiwan Semiconductor Manufacturing Co LtdADR155,558$10.7M0.1%History
XPXP Inc.CL A253,367$4.82M<0.1%History