13F filing recap · Q4 2018

What did Fundsmith buy in Q4 2018?

Reported stock-position changes between this filing and the previous one.

Stock value

$15.75B

Positions

Estimated turnover

8.2%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

MKCMccormick & Company, Incorporated$354.27Mreported value+2.69M shares MASIMasimo Corp$51.47Mreported value+479.4K shares CHKPCheck Point Software Technologies Ltd.$49.18Mreported value+479.1K shares EFXEquifax Inc$49.15Mreported value+527.7K shares VRSKVerisk Analytics, Inc.$49.12Mreported value+450.4K shares SABRSabre Corporation$48.97Mreported value+2.26M shares CDKCdk Global, Inc.$44.18Mreported value+922.8K shares VRSNVeriSign Inc/ca$40.46Mreported value+272.9K shares CGNXCognex Corporation$39.95Mreported value+1.03M shares ANSSAnsys Inc$39.03Mreported value+273.0K shares AOSA. O. Smith Corporation$29.46Mreported value+689.9K shares MSCIMsci Inc.$21.27Mreported value+144.2K shares PAYCPaycom Software, Inc.$20.93Mreported value+170.9K shares IPGPIpg Photonics Corp$19.16Mreported value+169.1K shares MELIMercadolibre, Inc.$5.35Mreported value+18.3K shares

Increased positions

IDXXIdexx Laboratories Inc /de$1.11Breported value+5.6K shares+0.1%METAMeta Platforms, Inc.$1.01Breported value+159.1K shares+2.7%INTUIntuit Inc.$1.01Breported value+335.5K shares+8.2%SYKStryker Corp$982.42Mreported value+7.8K shares

Reduced positions

MSFTMicrosoft Corporation$1.38Breported value-47.1K shares-0.4%BDXBecton Dickinson & Co$975.02Mreported value-7.3K shares-0.2%WATWaters Corporation$970.14Mreported value-43.3K shares-0.9%CLColgate-Palmolive Company$148.86Mreported value-2.84M shares