13F filing recap · Q4 2021

What did Fundsmith buy in Q4 2021?

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

Stock value

$40.98B

Positions

Estimated turnover

8.5%

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

GOOGLAlphabet Inc.$1.21Breported value+419.1K shares

Increased positions

MSFTMicrosoft Corporation$4.37Breported value+968.0K shares+8.0%IDXXIdexx Laboratories Inc /de$2.79Breported value+81 shares+0.0%ELEstee Lauder Companies Inc$2.65Breported value+333.4K shares+4.9%PYPLPayPal Holdings, Inc.$2.46Breported value+730.6K shares

Reduced positions

INTUIntuit Inc.$2.40Breported value-849.7K shares-18.5%ADPAutomatic Data Processing Inc$1.75Breported value-1.7K shares-0.0%WATWaters Corporation$1.68Breported value-315 shares-0.0%NKENike, Inc.$1.46Breported value-10.8K shares