13F filing recap · Q1 2022

What did Fundsmith buy in Q1 2022?

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

Stock value

$29.12B

Positions

Estimated turnover

27.5%

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

ADBEAdobe Inc.$876.25Mreported value+1.92M shares MTDMettler-Toledo International Inc.$566.58Mreported value+412.6K shares

Increased positions

SABRSabre Corporation$259.16Mreported value+1.3K shares+0.0%ANSSAnsys Inc$147.93Mreported value+63 shares+0.0%CGNXCognex Corporation$147.13Mreported value+95.0K shares+5.2%MASIMasimo Corp$110.77Mreported value+325.2K shares

Reduced positions

MSFTMicrosoft Corporation$3.09Breported value-2.98M shares-22.9%IDXXIdexx Laboratories Inc /de$1.98Breported value-624.2K shares-14.7%ELEstee Lauder Companies Inc$1.58Breported value-1.37M shares-19.1%SYKStryker Corp$1.56Breported value-1.41M shares

Exited positions

AOSA. O. Smith Corporation$152.67Mprior reported value-1.78M shares-100.0%CLColgate-Palmolive Company$10.99Mprior reported value-128.8K shares-100.0%