13F filing recap · Q2 2023

What did Fundsmith buy in Q2 2023?

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

Stock value

$23.83B

Positions

Estimated turnover

7.7%

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

EXPOExponent, Inc.$102.66Mreported value+1.10M shares

Increased positions

SYKStryker Corp$1.68Breported value+13.3K shares+0.2%IDXXIdexx Laboratories Inc /de$1.49Breported value+7.4K shares+0.2%VVisa Inc.$1.37Breported value+147.9K shares+2.6%WATWaters Corporation$1.02Breported value+111.1K shares

Reduced positions

MSFTMicrosoft Corporation$3.07Breported value-18.5K shares-0.2%METAMeta Platforms, Inc.$1.62Breported value-11.1K shares-0.2%PMPhilip Morris International Inc.$1.54Breported value-678.9K shares-4.1%MKCMccormick & Company, Incorporated$1.35Breported value-31.5K shares

Exited positions

AMZNAmazon.com Inc$700.08Mprior reported value-6.78M shares-100.0%EWEdwards Lifesciences Corporation$825.6Kprior reported value-10.0K shares-100.0%