Equal-WT
WhaleScore 2.0
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Fundsmith LLP is based out of London. Fundsmith LLP is a hedge fund with 6 clients and discretionary assets under management (AUM) of $37,504,375,805 (Form ADV from 2024-10-30). Their last reported 13F filing for Q3 2024 included $25,278,411,425 in managed 13F securities
and a top 10 holdings concentration of 67.51%. Fundsmith LLP's largest holding is Microsoft Corporation with shares held of 6,900,275. Whalewisdom has at least 52 13F filings, and 26 13G filings
Business Description
Fundsmith, established in England and Wales in 2010, is an advisory firm authorized and regulated by the UK Financial Conduct Authority. Owned by International Value Investments Limited, a subsidiary of the Seychelles-based Eighth Wonder Foundation, Fundsmith aims to ensure long-term succession and protection for employees, partners, and investors.
Fundsmith's advisory services include investment analysis and strategies, with a focus on minimizing risk. The firm offers wrap fee programs and manages a substantial amount of assets. Compensation for advisory services is typically paid directly to Fundsmith, with no additional non-advisory fees. The timing of payments is not specified in the provided context.
Investment Strategy
Fundsmith aims to be a long-term buy and hold investor in listed equities. It seeks to own shares in companies that will compound in value over the years and does not engage in short-term trading strategies, market timing, hedging, or investments in derivatives.
Fundsmith adheres to stringent investment criteria in selecting investee companies for the Funds with the aim of investing in high-quality businesses that can sustain a high return on operating capital employed; businesses whose advantages are difficult to replicate; businesses with a high degree of certainty of growth from reinvestment of their cash flows at high rates of return; businesses that are resilient to change, particularly technological innovation; businesses that do not require significant leverage to generate returns; and businesses whose valuation is considered by Fundsmith to be attractive.
Known Email Addresses
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Other Contact Information
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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| TXN Texas Instruments, I | 0.17% |
| MTD Mettler-Toledo Inter | 0.14% |
| OTIS Otis Worldwide Corp | 0.12% |
| CLX Clorox Co | 0.08% |
| IDXX IDEXX Laboratories I | 0.04% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| MKC McCormick & Co. Non- | 2.34% |
| MSFT Microsoft Corporatio | 1.26% |
| PM Philip Morris Intern | 0.21% |
| CHD Church & Dwight Co., | 0.07% |
| VRSK Verisk Analytics Inc | 0.07% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| MSFT Microsoft Corporatio | 11.75% |
| META Meta Platforms Inc | 11.03% |
| SYK Stryker Corp | 7.63% |
| ADP Automatic Data Proce | 6.1% |
| V VISA Inc | 6.03% |
2024-09-30
13F Activity
| Market Value | $25.3b, Prior: $24.5b |
| Inflows (Outflows) as % of Total MV | (-4.7403)% |
| New Purchases | 0 stocks |
| Added To | 11 stocks |
| Sold out of | 0 stocks |
| Reduced holdings in | 15 stocks |
| Top 10 Holdings % | 67.51% |
| Turnover %[1] | 0% |
| Turnover Alt %[2] | 0.17% |
| Time Held Top 20 | 23.65 quarters |
| Time Held Top 10 | 16.5 quarters |
| Time Held All | 19.65 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30