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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 2023

Holdings as of Sep 30, 2023, filed Nov 14, 2023. Long positions only; changes compare share counts with Q2 2023.

Institution overview
Positions
39
0 vs. Q2 2023
Portfolio value
$22.0B
−$1.82B (−7.7%) vs. Q2 2023
Filed
Nov 14, 2023
SEC
Holdings of Fundsmith in Q3 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
MSFTMicrosoft CorpStock8,648,822$2.73B12.4%−363,769−4.0%ReducedHistory
SYKStryker CorpStock5,518,803$1.51B6.9%+7,158+0.1%AddedHistory
METAMeta Platforms, Inc.Stock5,006,145$1.50B6.8%−646,992−11.4%ReducedHistory
PMPhilip Morris International Inc.Stock15,064,536$1.39B6.3%−720,380−4.6%ReducedHistory
ADPAutomatic Data Processing IncStock5,520,512$1.33B6.0%−5,856−0.1%ReducedHistory
VVisa Inc.Stock5,756,599$1.32B6.0%−4,684−0.1%ReducedHistory
IDXXIDEXX Laboratories IncCOM2,964,554$1.30B5.9%+3,003+0.1%AddedHistory
MKCMcCormick & Co IncStock15,312,665$1.16B5.3%−154,442−1.0%ReducedHistory
PEPPepsiCo IncStock6,639,272$1.12B5.1%−5,695−0.1%ReducedHistory
WATWaters CorpCOM3,806,494$1.04B4.7%−2,979−0.1%ReducedHistory
GOOGLAlphabet Inc.Stock7,588,728$993.1M4.5%−26,908−0.4%ReducedHistory
MARMarriott International IncStock4,395,681$864.0M3.9%+4,207,552+2,236.5%AddedHistory
PGProcter & Gamble CoStock4,846,573$706.9M3.2%−2,604−0.1%ReducedHistory
BF.BBrown Forman CorpStock12,086,171$697.3M3.2%−109,346−0.9%ReducedHistory
CHDChurch & Dwight Co IncCOM7,274,964$666.6M3.0%+606,208+9.1%AddedHistory
NKENIKE, Inc.Stock6,702,262$640.9M2.9%−8,384−0.1%ReducedHistory
MTDMettler Toledo International IncCOM568,520$630.0M2.9%−624−0.1%ReducedHistory
OTISOtis Worldwide CorpStock6,450,913$518.1M2.4%−4,498−0.1%ReducedHistory
FTNTFortinet, Inc.Stock4,924,241$289.0M1.3%+2,610,938+112.9%AddedHistory
AAPLApple Inc.Stock1,333,286$228.3M1.0%+6510.0%AddedHistory
VRSNVerisign IncCOM670,166$135.7M0.6%−4,625−0.7%ReducedHistory
VRSKVerisk Analytics, Inc.COM526,454$124.4M0.6%−3,633−0.7%ReducedHistory
MSCIMSCI Inc.Stock209,869$107.7M0.5%−1,448−0.7%ReducedHistory
SABRSabre CorpCOM22,552,058$101.3M0.5%−155,629−0.7%ReducedHistory
QLYSQualys, Inc.COM653,895$99.8M0.5%−4,512−0.7%ReducedHistory
EXPOExponent IncCOM1,092,545$93.5M0.4%−7,556−0.7%ReducedHistory
EFXEquifax IncCOM491,906$90.1M0.4%−3,395−0.7%ReducedHistory
GGGGraco IncCOM1,222,976$89.1M0.4%−6,252−0.5%ReducedHistory
CGNXCognex CorpCOM2,045,671$86.8M0.4%−14,117−0.7%ReducedHistory
IEXIdex CorpCOM389,008$80.9M0.4%−2,116−0.5%ReducedHistory
ROLRollins IncCOM1,714,331$64.0M0.3%−11,830−0.7%ReducedHistory
IPGPIpg Photonics CorpCOM556,157$56.5M0.3%−4,041−0.7%ReducedHistory
HDHome Depot, Inc.Stock147,657$44.6M0.2%+276+0.2%AddedHistory
JNJJohnson & JohnsonStock274,378$42.7M0.2%+514+0.2%AddedHistory
PAYCPaycom Software, Inc.Stock159,904$41.5M0.2%−1,103−0.7%ReducedHistory
ZTSZoetis Inc.Stock222,803$38.8M0.2%+417+0.2%AddedHistory
MAMastercard IncStock62,758$24.8M0.1%+424+0.7%AddedHistory
MCDMcDonalds CorpStock92,320$24.3M0.1%+92,320NewHistory
ODDOddity Tech LtdSHS CL A575,000$16.3M0.1%+575,000NewHistory

Sold out since Q2 2023 (2)

Positions held at the end of Q2 2023 that are gone from this filing.

Positions of Fundsmith sold out since Q2 2023
SecurityClassShares in Q2 2023Value in Q2 2023% of portfolio in Q2 2023History
ELEstee Lauder Companies IncCL A5,418,525$1.06B4.5%History
MASIMasimo CorpCOM730,377$120.2M0.5%History