Fundsmith

Q2 2013 13F · by Terry Smith, founder

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

First filing on record. Nothing to compare against.

Concentrated · behaves like 15 equal-sized positions

Turnover · first filing on record

restated 17 rows corrected by the filer · US stock −0.55%; later quarters recomputed 13F-HR/A · Jul 17, 2013 ↗


SYKStryker Corporation	9.19%	2,021,417	$131M	held	—	new
unresolvedDr Pepper Snapple Group Inc	9.14%	2,831,057	$130M	held	—	new
DPZDomino's Pizza Inc.	9.11%	2,229,652	$130M	held	—	new
MSFTMicrosoft Corp	8.56%	3,525,044	$122M	held	—	new
BDXBecton, Dickinson and Co.	7.63%	1,098,017	$109M	held	—	new
PGProcter & Gamble Company	7.04%	1,301,833	$100M	held	—	new
ADPAutomatic Data Processing	6.82%	1,408,541	$97M	held	—	new
MMM3M Company	6.42%	835,096	$91M	held	—	new
JNJJohnson & Johnson	6.27%	1,038,629	$89M	held	—	new
PEPPepsiCo, Inc.	5.62%	978,146	$80M	held	—	new
WATWaters Corp	5.23%	744,352	$74M	held	—	new
PMPhilip Morris International Inc.	5.15%	846,738	$73M	held	—	new
CHHChoice Hotels Intnl.	3.97%	1,422,535	$56M	held	—	new
CLColgate-Palmolive Company	3.16%	784,868	$45M	held	—	new
MCDMcDonald's Corporation	2.98%	427,999	$42M	held	—	new
unresolvedSigma Aldrich Corp	2.00%	261,549	$28M	held	—	new
VVISA Inc.	1.72%	133,894	$24M	held	—	new