13F filing recap · Q3 2023

What did Fundsmith buy in Q3 2023?

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

Stock value

$22.01B

Positions

Estimated turnover

11.7%

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

MCDMcdonald’s Corporation$24.32Mreported value+92.3K shares ODDOddity Tech Ltd$16.30Mreported value+575.0K shares

Increased positions

SYKStryker Corp$1.51Breported value+7.2K shares+0.1%IDXXIdexx Laboratories Inc /de$1.30Breported value+3.0K shares+0.1%MARMarriott International Inc /md/$864.02Mreported value+4.21M shares+2236.5%CHDChurch & Dwight Co., Inc.$666.60Mreported value+606.2K shares

Reduced positions

MSFTMicrosoft Corporation$2.73Breported value-363.8K shares-4.0%METAMeta Platforms, Inc.$1.50Breported value-647.0K shares-11.4%PMPhilip Morris International Inc.$1.39Breported value-720.4K shares-4.6%ADPAutomatic Data Processing Inc$1.33Breported value-5.9K shares

Exited positions

ELEstee Lauder Companies Inc$1.06Bprior reported value-5.42M shares-100.0%MASIMasimo Corp$120.18Mprior reported value-730.4K shares-100.0%