CIK: 0001813932
Total reported value
$121.0M
Reporting period: 2021-03-31 · Number of holdings: 29
Fundsmith Long/Short Master Fund disclosed 29 holdings in its latest 13F filing for the period ending 2021-03-31, with total reported value of $121.0M and a quarterly turnover rate of 6.5%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "F"
Fundsmith Long/Short Master Fund's disclosed holdings carry a Herfindahl concentration index of 0.037 — mathematically equivalent to about 27 equally-sized positions, close to its 29 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.29), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.1 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 48% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim SNPS
-19.6% -$1.4M
Trim HEI-A
-15.5% -$1.1M
Add META
0.0% $421.0K
Trim ADSK
0.0% -$513.0K
Add ORLY
0.0% $405.0K
Add SPGI
+0.2% $342.0K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MAR | Marriott International -cl A | Stock-Consumer Disc | 5.02% | +0.32% | -5.77% | |
| 2 | ROST | Ross Stores INC | Stock-Consumer Disc | 4.80% | -0.06% | +0.17% | |
| 3 | META | Meta Platforms Inc-class A | Stock-Comm Services | 4.80% | +0.39% | — | |
| 4 | SBUX | Starbucks CORP | Stock-Consumer Disc | 4.61% | +0.16% | +0.30% | |
| 5 | NKE | Nike INC -cl B | Stock-Consumer Disc | 4.52% | -0.24% | +0.14% | |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 4.39% | +0.30% | +0.16% | |
| 7 | ADBE | Adobe INC | Stock-Tech | 4.20% | -0.18% | — | |
| 8 | ADSK | Autodesk INC | Stock-Tech | 4.17% | -0.38% | — | |
| 9 | OTIS | Otis Worldwide CORP | Stock-Industrials | 4.15% | +0.10% | +0.22% | |
| 10 | HEI-A | Heico Corp-class A | Stock-Other | 4.06% | -0.84% | -15.48% | |
| 11 | SPGI | S&p Global INC | Stock-Financials | 4.03% | +0.32% | +0.17% | |
| 12 | SYK | Stryker CORP | Stock-Healthcare | 3.85% | +0.02% | +0.18% | |
| 13 | ZTS | Zoetis INC | Stock-Healthcare | 3.82% | -0.16% | +0.11% | |
| 14 | SNPS | Synopsys INC | Stock-Tech | 3.74% | -1.08% | -19.61% | |
| 15 | A | Agilent Technologies INC | Stock-Healthcare | 3.52% | +0.27% | +0.11% | |
| 16 | INTU | Intuit INC | Stock-Tech | 3.50% | +0.07% | +0.11% | |
| 17 | NOW | Servicenow INC | Stock-Tech | 3.39% | -0.30% | — | |
| 18 | APH | Amphenol Corp-cl A | Stock-Tech | 3.24% | +0.07% | +100.30% | |
| 19 | DEO | Diageo Plc-sponsored Adr | Stock-Consumer Staples | 3.15% | +0.16% | +0.97% | |
| 20 | ORLY | O'reilly Automotive INC | Stock-Consumer Disc | 3.10% | +0.36% | — | |
| 21 | ICLR | ICON Public Limited Company | Stock-Healthcare | 3.03% | +0.05% | — | |
| 22 | EL | Estee Lauder Companies-cl A | Stock-Consumer Staples | 2.46% | +0.23% | +0.13% | |
| 23 | WCN | Waste Connections INC | Stock-Industrials | 2.30% | +0.14% | +0.15% | |
| 24 | DHR | Danaher CORP | Stock-Healthcare | 2.28% | +0.06% | +0.07% | |
| 25 | SHW | Sherwin-williams Co/the | Stock-Materials | 2.21% | +0.04% | +0.17% | |
| 26 | HD | Home Depot INC | Stock-Consumer Disc | 2.10% | +0.30% | +0.42% | |
| 27 | MA | Mastercard INC - A | Stock-Financials | 1.98% | +0.02% | +0.09% | |
| 28 | V | Visa Inc-class A Shares | Stock-Financials | 1.84% | -0.04% | +0.10% | |
| 29 | EFX | Equifax INC | Stock-Industrials | 1.74% | -0.10% | +0.15% |
Not enough priced holdings yet to compute performance
Fundsmith Long/Short Master Fund's most significant position changes for 2021-03-31: Trim: Synopsys INC (SNPS) — shares -19.61%; Trim: Heico Corp-class A (HEI-A) — shares -15.48%; Add: S&p Global INC (SPGI) — shares +0.17%; Trim: Marriott International -cl A (MAR) — shares -5.77%; Add: Home Depot INC (HD) — shares +0.42%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | META | Meta Platforms Inc-class A | +0.4% | — | Unchanged |
| 2 | ORLY | O'reilly Automotive INC | +0.4% | — | Unchanged |
| 3 | SPGI | S&p Global INC | +0.3% | +0.17% | Add |
| 4 | MAR | Marriott International -cl A | +0.3% | -5.77% | Trim |
| 5 | HD | Home Depot INC | +0.3% | +0.42% | Add |
| 6 | MSFT | Microsoft CORP | +0.3% | +0.16% | Add |
| 7 | A | Agilent Technologies INC | +0.3% | +0.11% | Add |
| 8 | EL | Estee Lauder Companies-cl A | +0.2% | +0.13% | Add |
| 9 | DEO | Diageo Plc-sponsored Adr | +0.2% | +0.97% | Add |
| 10 | SBUX | Starbucks CORP | +0.2% | +0.30% | Add |
| 11 | WCN | Waste Connections INC | +0.1% | +0.15% | Add |
| 12 | OTIS | Otis Worldwide CORP | +0.1% | +0.22% | Add |
| 13 | APH | Amphenol Corp-cl A | +0.1% | +100.30% | Add |
| 14 | INTU | Intuit INC | +0.1% | +0.11% | Add |
| 15 | DHR | Danaher CORP | +0.1% | +0.07% | Add |
| 16 | ICLR | ICON Public Limited Company | +0.1% | — | Unchanged |
| 17 | SHW | Sherwin-williams Co/the | 0% | +0.17% | Add |
| 18 | SYK | Stryker CORP | 0% | +0.18% | Add |
| 19 | MA | Mastercard INC - A | 0% | +0.09% | Add |
| 20 | V | Visa Inc-class A Shares | 0% | +0.10% | Add |
| 21 | ROST | Ross Stores INC | -0.1% | +0.17% | Add |
| 22 | EFX | Equifax INC | -0.1% | +0.15% | Add |
| 23 | ZTS | Zoetis INC | -0.2% | +0.11% | Add |
| 24 | ADBE | Adobe INC | -0.2% | — | Unchanged |
| 25 | NKE | Nike INC -cl B | -0.2% | +0.14% | Add |
| 26 | NOW | Servicenow INC | -0.3% | — | Unchanged |
| 27 | ADSK | Autodesk INC | -0.4% | — | Unchanged |
| 28 | HEI-A | Heico Corp-class A | -0.8% | -15.48% | Trim |
| 29 | SNPS | Synopsys INC | -1.1% | -19.61% | Trim |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2021-03-31 | 2021-05-14 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0000939761
Total reported value
$121.0M
89 stks
2016-06-30
Stale — no recent filing
AUM within 0.0% of this institution
CIK 0002053626
Total reported value
$120.9M
91 stks
2025-06-30
Stale — no recent filing
AUM within 0.1% of this institution
CIK 0001167167
Total reported value
$120.9M
2 stks
2017-09-30
Stale — no recent filing
AUM within 0.1% of this institution
Institutions with overlapping top holdings
CIK 0001269932
Total reported value
$5.8B
768 stks
2017-06-30
Stale — no recent filing
2 of the top 5 holdings overlap, including Meta Platforms Inc-class A
CIK 0001632551
Total reported value
$81.9M
137 stks
2026-03-31
2 of the top 5 holdings overlap, including Nike INC -cl B
CIK 0001647692
Total reported value
$166.8M
21 stks
2016-12-31
Stale — no recent filing
2 of the top 5 holdings overlap, including Nike INC -cl B