Fundsmith LLP — MICROSOFT CORP MSFT: Quarterly 13F Position History
Fundsmith LLP has reported MICROSOFT CORP (MSFT) on 41 13F-HR filings in Pactolio's tracked window, first appearing in Q1 2016. As of Q1 2026, the position is sized at 2,079,737 shares ($769.9M market value, 6.00% of the equity book). Quarter-over-quarter share count change: 234 (-0.0%) .
- 2,079,737Shares Held (Latest Filing)
- $769.9MReported Market Value (Latest Filing)
- 6.00%Portfolio Weight (% of 13F Equity Book)
- 234Quarter-over-Quarter Share Change
- -$236.1MQuarter-over-Quarter Value Change
- 13,002,366Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 41 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 2,079,737 | 234 | -0.0% | $769.9M | 6.00% | $370.17 |
| Q4 2025 | 2,079,971 | 503,398 | -19.5% | $1.01B | 5.88% | $483.62 |
| Q3 2025 | 2,583,369 | 2,358,140 | -47.7% | $1.34B | 6.76% | $517.95 |
| Q2 2025 | 4,941,509 | 428,653 | -8.0% | $2.46B | 10.68% | $497.41 |
| Q1 2025 | 5,370,162 | 816,871 | -13.2% | $2.02B | 9.17% | $375.39 |
| Q4 2024 | 6,187,033 | 713,242 | -10.3% | $2.61B | 11.12% | $421.50 |
| Q3 2024 | 6,900,275 | 240,340 | -3.4% | $2.97B | 11.75% | $430.30 |
| Q2 2024 | 7,140,615 | 477,288 | -6.3% | $3.19B | 13.01% | $446.95 |
| Q1 2024 | 7,617,903 | 325,421 | -4.1% | $3.21B | 12.54% | $420.72 |
| Q4 2023 | 7,943,324 | 705,498 | -8.2% | $2.99B | 12.50% | $376.04 |
| Q3 2023 | 8,648,822 | 363,769 | -4.0% | $2.73B | 12.41% | $315.75 |
| Q2 2023 | 9,012,591 | 18,510 | -0.2% | $3.07B | 12.88% | $340.54 |
| Q1 2023 | 9,031,101 | +1,065 | +0.0% | $2.60B | 11.24% | $288.30 |
| Q4 2022 | 9,030,036 | 254,578 | -2.7% | $2.17B | 9.89% | $239.82 |
| Q3 2022 | 9,284,614 | 735,920 | -7.3% | $2.16B | 10.26% | $232.90 |
| Q2 2022 | 10,020,534 | +2,102 | +0.0% | $2.57B | 11.36% | $256.83 |
| Q1 2022 | 10,018,432 | 2,983,934 | -22.9% | $3.09B | 10.61% | $308.31 |
| Q4 2021 | 13,002,366 | +968,000 | +8.0% | $4.37B | 10.67% | $336.32 |
| Q3 2021 | 12,034,366 | 655 | -0.0% | $3.39B | 9.38% | $281.92 |
| Q2 2021 | 12,035,021 | 14,272 | -0.1% | $3.26B | 9.03% | $270.90 |
| Q1 2021 | 12,049,293 | 23,045 | -0.2% | $2.84B | 9.04% | $235.77 |
| Q4 2020 | 12,072,338 | +142,879 | +1.2% | $2.69B | 8.90% | $222.42 |
| Q3 2020 | 11,929,459 | 25,399 | -0.2% | $2.51B | 9.80% | $210.33 |
| Q2 2020 | 11,954,858 | 18,063 | -0.2% | $2.43B | 10.62% | $203.51 |
| Q1 2020 | 11,972,921 | 217,608 | -1.8% | $1.89B | 10.63% | $157.71 |
| Q4 2019 | 12,190,529 | +883 | +0.0% | $1.92B | 9.08% | $157.70 |
| Q3 2019 | 12,189,646 | +18,512 | +0.2% | $1.69B | 8.66% | $139.03 |
| Q2 2019 | 12,171,134 | +30,766 | +0.3% | $1.63B | 8.50% | $133.96 |
| Q1 2019 | 12,140,368 | +239,328 | +2.0% | $1.43B | 8.14% | $117.94 |
| Q4 2018 | 11,901,040 | 173,020 | -1.4% | $1.36B | 8.72% | $114.37 |
| Q3 2018 | 12,074,060 | +12,074,060 | — | $1.38B | 9.26% | $114.37 |
| Q2 2018 | 0 | 12,075,307 | -100.0% | $0 | 0.00% | — |
| Q1 2018 | 12,075,307 | +984,147 | +8.9% | $1.10B | 9.09% | $91.27 |
| Q4 2017 | 11,091,160 | +14,825 | +0.1% | $948.7M | 8.13% | $85.54 |
| Q3 2017 | 11,076,335 | +355,610 | +3.3% | $818.0M | 7.92% | $73.85 |
| Q2 2017 | 10,720,725 | +518,608 | +5.1% | $739.0M | 7.75% | $68.93 |
| Q1 2017 | 10,202,117 | 166 | -0.0% | $671.9M | 7.81% | $65.86 |
| Q4 2016 | 10,202,283 | +267,350 | +2.7% | $641.6M | 8.45% | $62.89 |
| Q3 2016 | 9,934,933 | +1,097,542 | +12.4% | $572.3M | 7.82% | $57.60 |
| Q2 2016 | 8,837,391 | +977,061 | +12.4% | $452.2M | 7.43% | $51.17 |
| Q1 2016 | 7,860,330 | — | — | $434.1M | 9.35% | $55.23 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Fundsmith LLP first disclose a MSFT position in 13F-HR filings?
Fundsmith LLP first reported MICROSOFT CORP (MSFT) on its 13F-HR filing for the period ending 2016-03-31 (Q1 2016). The position has appeared on 41 reported quarters within Pactolio's tracked window.
What was Fundsmith LLP's most recent quarter-over-quarter share-count change in MSFT?
Between Q4 2025 and Q1 2026, Fundsmith LLP reduced its MSFT position by 234 shares (-0.0%), leaving 2,079,737 shares at a market value of $769.9M.
Does the implied price-per-share represent Fundsmith LLP's cost basis in MSFT?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.