A British hedge fund manager, Terry Smith, established Fundsmith LLP in 2010 as his own company. Fundsmith manages $45.6 billion in discretionary assets. Per its latest financial report, its Q3 13F portfolio is worth over $36 billion. The Fundsmith Equity Fund and the Fundsmith Emerging Equities Trust are the two main funds of Fundsmith LLP. Investments in communications, information technology, health care, financial services, consumer staples and discretionary sectors are Terry Smith’s primary focus.
Here is Insider Monkey’s list of the 10 best stocks to buy according to Terry Smith’s Fundsmith LLP. Terry Smith’s Fundsmith LLP recommends buying Waters Corporation as one of the best stocks to invest in right now. During the third quarter of 2021, the hedge fund increased its stake in Waters Corporation by 3%, totaling 4.5 million shares worth $1.61 billion. According to the most recent quarterly filings, 5.07 percent of Fundsmith LLP’s investments were in Philip Morris International Inc. A Barclays analyst described the company’s approach to pricing cigarettes as “very aggressive.”. On December 9, Stryker Corporation announced a $0.695 per share quarterly dividend. The contract, worth $491.84 million over five years, calls for the company to provide cardiovascular supplies and care equipment to US military personnel and federal civilian agencies across the country. Estée Lauder Companies Inc. is a multinational American cosmetics and skincare company headquartered in New York City. This represents 5.66 percent of Terry Smith’s total 13F holdings, a $2.04 billion stake in the firm. For more details, click 10 Best Stocks To Buy According To Terry Smith’s Fundsmith LLP.