FUNDSMITH LLP Information

33 CAVENDISH SQUARE, LONDON, , W1G 0PW, (40203) 551-6339

Report Date: 12/31/2014

Position Statistics

Total Positions 17
New Positions 0
Increased Positions 12
Decreased Positions 2
Positions with Activity 14
Sold Out Positions 1
Total Mkt Value (in $ millions) 2,874

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 4.53%
Capital Goods 4.79%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 30.01%
Energy
Financial 5.61%
Healthcare 23.08%
Services 21.77%
Technology 10.19%
Transportation
Utilities

17 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
MICROSOFT CORP COM 292,795 30,038 11.43 6,116,468
DR PEPPER SNAPPLE GROUP INC COM 277,163 11,004 4.14 3,514,615
STRYKER CORP COM 251,057 5,017 2.04 2,590,890
BECTON DICKINSON & CO COM 247,526 27,292 12.39 1,714,997
DOMINOS PIZZA INC COM 243,256 New 2,134,570
PHILIP MORRIS INTL INC COM 205,941 45,164 28.09 2,488,707
PEPSICO INC COM 187,285 7,741 4.31 1,967,897
EBAY INC COM 181,976 67,225 58.58 3,073,912
JOHNSON & JOHNSON COM 164,759 19,778 13.64 1,629,983
VISA INC COM CL A 161,344 New 2,390,992
AUTOMATIC DATA PROCESSING INC COM 140,223 4,888 3.61 1,649,776
3M CO COM 137,759 3,150 2.34 866,465
SIGMA ALDRICH CORP COM 130,232 18,959 17.04 936,922
PROCTER & GAMBLE CO COM 124,895 8,767 7.55 1,541,919
COLGATE PALMOLIVE CO COM 67,275 New 972,598
CHOICE HOTELS INTL INC COM 60,283 -16,484 (21.47) 961,757
CDK GLOBAL INC COM -26,108 Sold Out 0