13F filing recap · Q1 2024

What did Fundsmith buy in Q1 2024?

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

Stock value

$25.55B

Positions

Estimated turnover

5.3%

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

TXNTexas Instruments Incorporated$193.60Mreported value+1.11M shares CHHChoice Hotels International Inc /de$95.64Mreported value+756.9K shares

Increased positions

MTDMettler-Toledo International Inc.$812.21Mreported value+42.5K shares+7.5%FTNTFortinet, Inc.$558.43Mreported value+843.1K shares+11.5%AAPLApple Inc.$273.95Mreported value+263.0K shares+19.7%PAYCPaycom Software, Inc.$64.73Mreported value+167.4K shares

Reduced positions

MSFTMicrosoft Corporation$3.21Breported value-325.4K shares-4.1%METAMeta Platforms, Inc.$2.41Breported value-29.2K shares-0.6%SYKStryker Corp$1.96Breported value-33.6K shares-0.6%VVisa Inc.$1.59Breported value-47.9K shares

Exited positions

IPGPIpg Photonics Corp$59.59Mprior reported value-549.0K shares-100.0%JNJJohnson & Johnson$43.64Mprior reported value-278.4K shares-100.0%