13F filing recap · Q4 2020

What did Fundsmith buy in Q4 2020?

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

Stock value

$30.17B

Positions

Estimated turnover

6.8%

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

CHDChurch & Dwight Co., Inc.$491.21Mreported value+5.63M shares ZTSZoetis Inc.$20.03Mreported value+121.0K shares TSMTaiwan Semiconductor Manufacturing$12.87Mreported value+118.0K shares PGProcter & Gamble Co$5.31Mreported value+38.2K shares

Increased positions

MSFTMicrosoft Corporation$2.69Breported value+142.9K shares+1.2%SYKStryker Corp$1.63Breported value+357.8K shares+5.7%MKCMccormick & Company, Incorporated$1.54Breported value+8.59M shares+113.9%PEPPepsico, Inc.$1.43Breported value+737.6K shares

Reduced positions

PYPLPayPal Holdings, Inc.$2.89Breported value-25.6K shares-0.2%IDXXIdexx Laboratories Inc /de$2.11Breported value-6.4K shares-0.2%ELEstee Lauder Companies Inc$1.81Breported value-13.6K shares-0.2%METAMeta Platforms, Inc.$1.75Breported value-8.7K shares

Exited positions

CHKPCheck Point Software Technologies Ltd.$40.28Mprior reported value-334.7K shares-100.0%