13F filing recap · Q3 2020

What did Fundsmith buy in Q3 2020?

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

Stock value

$25.60B

Positions

Estimated turnover

2.6%

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

FTNTFortinet, Inc.$25.03Mreported value+212.4K shares CLColgate-Palmolive Company$8.27Mreported value+107.3K shares

Increased positions

INTUIntuit Inc.$1.50Breported value+4.3K shares+0.1%ELEstee Lauder Companies Inc$1.48Breported value+41.8K shares+0.6%PMPhilip Morris International Inc.$1.46Breported value+127.5K shares+0.7%SYKStryker Corp$1.31Breported value+72.6K shares

Reduced positions

MSFTMicrosoft Corporation$2.51Breported value-25.4K shares-0.2%PYPLPayPal Holdings, Inc.$2.44Breported value-29.5K shares-0.2%METAMeta Platforms, Inc.$1.68Breported value-15.9K shares-0.2%IDXXIdexx Laboratories Inc /de$1.66Breported value-7.9K shares