Fundsmith

06/30 holdings · reported 08/14

Portfolio value

$13.6B

Stocks

41

Quarters on file

3

Stock	Shares	Value	Weight	Since the quarter before
Marriott International MAR	2,585,757 sh	$958.3M7.0%	7.0%	Trimmed −23.3%
Stryker SYK	2,913,833 sh	$917.4M6.7%	6.7%	Trimmed −4.8%
Waters WAT	2,273,632 sh	$852.7M6.2%	6.2%	Trimmed −29.2%
Visa V	2,019,810 sh	$693M5.1%	5.1%	Trimmed −34.9%
Uber Technologies UBER	8,943,151 sh	$645.3M4.7%	4.7%	New position
Mastercard MA	1,245,051 sh	$639.5M4.7%	4.7%	New position
Alphabet GOOGL	1,773,354 sh	$633.7M4.6%	4.6%	Trimmed −40.0%
Church & Dwight CHD	6,456,634 sh	$625.5M4.6%	4.6%	Trimmed −2.8%
Procter & Gamble PG	4,078,371 sh	$598.1M4.4%	4.4%	Trimmed −2.9%
Microsoft MSFT	1,596,737 sh	$595.6M4.4%	4.4%	Trimmed −23.2%
Meta Platforms META	1,051,876 sh	$592.5M4.3%	4.3%	Trimmed −20.4%
Automatic Data Processing ADP	2,601,567 sh	$582.6M4.3%	4.3%	Trimmed −32.5%
Fortinet FTNT	3,629,938 sh	$557.6M4.1%	4.1%	Trimmed −41.0%
Taiwan Semiconductor Manufacturing TSM	1,148,449 sh	$548.5M4.0%	4.0%	New position
Idexx Laboratories IDXX	1,019,887 sh	$536.9M3.9%	3.9%	Trimmed −30.4%
Texas Instruments TXN	1,799,182 sh	$536.3M3.9%	3.9%	Trimmed −31.4%
Philip Morris International PM	2,913,693 sh	$527.1M3.9%	3.9%	Trimmed −43.0%
Netflix NFLX	6,990,345 sh	$499.1M3.7%	3.7%	New position
GE Vernova GEV	409,835 sh	$481.5M3.5%	3.5%	New position
AppLovin APP	696,568 sh	$358.9M2.6%	2.6%	New position

• 
  Fundsmith

  BuyTaiwan Semiconductor Manufacturing

  Buy
  

  Taiwan Semiconductor Manufacturing

  TSM

  est. $548.5M

  1,148,449 sh

  est. $548.5M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  SellAlphabet

  Sell
  

  Alphabet

  GOOGL

  est. $422.7M

  1,182,844 sh

  est. $422.7M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  SellMicrosoft

  Sell
  

  Microsoft

  MSFT

  est. $180.2M

  483,000 sh

  est. $180.2M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  SellMeta Platforms

  Sell
  

  Meta Platforms

  META

  est. $151.8M

  269,499 sh

  est. $151.8M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  BuyGE Vernova

  Buy
  

  GE Vernova

  GEV

  est. $481.5M

  409,835 sh

  est. $481.5M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  BuyNetflix

  Buy
  

  Netflix

  NFLX

  est. $499.1M

  6,990,345 sh

  est. $499.1M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  BuyUber Technologies

  Buy
  

  Uber Technologies

  UBER

  est. $645.3M

  8,943,151 sh

  est. $645.3M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  BuyAppLovin

  Buy
  

  AppLovin

  APP

  est. $358.9M

  696,568 sh

  est. $358.9M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  BuyMastercard

  Buy
  

  Mastercard

  MA

  est. $639.5M

  1,245,051 sh

  est. $639.5M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  Full saleOtis Worldwide

  Full sale
  

  Otis Worldwide

  OTIS

  est. $210.6M

  2,731,635 sh

  est. $210.6M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  SellVisa

  Sell
  

  Visa

  V

  est. $372M

  1,084,280 sh

  est. $372M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  BuyNextpower

  Buy
  

  Nextpower

  NXT

  est. $340.3M

  2,856,092 sh

  est. $340.3M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  Full saleMettler Toledo International Inc/

  Full sale
  

  Mettler Toledo International Inc/

  MTD

  est. $717M

  568,516 sh

  est. $717M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  BuyVeeva Systems

  Buy
  

  Veeva Systems

  VEEV

  est. $145M

  816,785 sh

  est. $145M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  SellTexas Instruments

  Sell
  

  Texas Instruments

  TXN

  est. $245.6M

  823,942 sh

  est. $245.6M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  SellPhilip Morris International

  Sell
  

  Philip Morris International

  PM

  est. $397.9M

  2,199,470 sh

  est. $397.9M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  Full saleZoetis

  Full sale
  

  Zoetis

  ZTS

  est. $458.4M

  3,877,559 sh

  est. $458.4M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  BuyTJX Companies

  Buy
  

  TJX Companies

  TJX

  est. $344.3M

  2,272,592 sh

  est. $344.3M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  SellIdexx Laboratories

  Sell
  

  Idexx Laboratories

  IDXX

  est. $234.7M

  445,899 sh

  est. $234.7M

  Reported 08/14

  06/30 holdings

• 
  Fundsmith

  SellMarriott International

  Sell
  

  Marriott International

  MAR

  est. $291M

  785,115 sh

  est. $291M

  Reported 08/14

  06/30 holdings