Fundsmith Equity withholds name of new stock allocation

Withheld until ‘desired weighting’ is hit

Fundsmith Equity made a new portfolio allocation in March, but is currently withholding the name of stock until a bigger position has been built up.

In a monthly portfolio comment update posted on the fund's website, Fundsmith stated: "We began buying a new position for the fund, the name of which will be revealed when we have accumulated our desired weighting". Fundsmith has been contacted for any further information. Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits Comparing the factsheets for March and February, the fund's top ten holdings remain the same. According to the notice, Novo Nordisk, Microsoft, McCormick, Alphabet and Amadeus were the top five contributors for the period, whereas IDEXX, Brow...