13F filing recap · Q4 2022

What did Fundsmith buy in Q4 2022?

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

Stock value

$21.90B

Positions

Estimated turnover

7.6%

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.

Increased positions

AAPLApple Inc.$60.97Mreported value+12.7K shares+2.8%IEXIdex Corp$60.22Mreported value+167.8K shares+174.9%JNJJohnson & Johnson$48.72Mreported value+950 shares+0.3%HDHome Depot, Inc.$48.25Mreported value+511 shares+0.3%PGProcter & Gamble Co$47.79Mreported value+1.1K shares+0.3%ZTSZoetis Inc.$32.82Mreported value+771 shares+0.3%

Reduced positions

MSFTMicrosoft Corporation$2.17Breported value-254.6K shares-2.7%PMPhilip Morris International Inc.$1.67Breported value-13.0K shares-0.1%ELEstee Lauder Companies Inc$1.41Breported value-276.4K shares-4.6%IDXXIdexx Laboratories Inc /de$1.40Breported value-177.0K shares

Exited positions

INTUIntuit Inc.$657.15Mprior reported value-1.70M shares-100.0%PYPLPayPal Holdings, Inc.$482.96Mprior reported value-5.61M shares-100.0%ANSSAnsys Inc$60.87Mprior reported value-274.6K shares-100.0%MELIMercadolibre, Inc.$20.05Mprior reported value-24.2K shares