Fundsmith LLP: MICROSOFT (MSFT): Quarterly 13F Position History
As of Q1 2026, Fundsmith LLP reported 2,079,737 shares of MICROSOFT (MSFT), worth $769.9M and representing 6.0% of its 13F equity book. Quarter-over-quarter share count change: 234 (-0.0%) . The position first appeared in Q1 2016 and has been disclosed across 41 13F-HR filings in Pactolio's tracked window.
- 2,079,737Shares Held (Latest Filing)
- $769.9MReported Market Value (Latest Filing)
- 6.0%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 | 6.0% | $370.2 |
| Q4 2025 | 2,079,971 | 503,398 | -19.5% | $1.0B | 5.9% | $483.6 |
| Q3 2025 | 2,583,369 | 2,358,140 | -47.7% | $1.3B | 6.8% | $518.0 |
| Q2 2025 | 4,941,509 | 428,653 | -8.0% | $2.5B | 10.7% | $497.4 |
| Q1 2025 | 5,370,162 | 816,871 | -13.2% | $2.0B | 9.2% | $375.4 |
| Q4 2024 | 6,187,033 | 713,242 | -10.3% | $2.6B | 11.1% | $421.5 |
| Q3 2024 | 6,900,275 | 240,340 | -3.4% | $3.0B | 11.7% | $430.3 |
| Q2 2024 | 7,140,615 | 477,288 | -6.3% | $3.2B | 13.0% | $446.9 |
| Q1 2024 | 7,617,903 | 325,421 | -4.1% | $3.2B | 12.5% | $420.7 |
| Q4 2023 | 7,943,324 | 705,498 | -8.2% | $3.0B | 12.5% | $376.0 |
| Q3 2023 | 8,648,822 | 363,769 | -4.0% | $2.7B | 12.4% | $315.8 |
| Q2 2023 | 9,012,591 | 18,510 | -0.2% | $3.1B | 12.9% | $340.5 |
| Q1 2023 | 9,031,101 | +1,065 | +0.0% | $2.6B | 11.2% | $288.3 |
| Q4 2022 | 9,030,036 | 254,578 | -2.7% | $2.2B | 9.9% | $239.8 |
| Q3 2022 | 9,284,614 | 735,920 | -7.3% | $2.2B | 10.3% | $232.9 |
| Q2 2022 | 10,020,534 | +2,102 | +0.0% | $2.6B | 11.4% | $256.8 |
| Q1 2022 | 10,018,432 | 2,983,934 | -22.9% | $3.1B | 10.6% | $308.3 |
| Q4 2021 | 13,002,366 | +968,000 | +8.0% | $4.4B | 10.7% | $336.3 |
| Q3 2021 | 12,034,366 | 655 | -0.0% | $3.4B | 9.4% | $281.9 |
| Q2 2021 | 12,035,021 | 14,272 | -0.1% | $3.3B | 9.0% | $270.9 |
| Q1 2021 | 12,049,293 | 23,045 | -0.2% | $2.8B | 9.0% | $235.8 |
| Q4 2020 | 12,072,338 | +142,879 | +1.2% | $2.7B | 8.9% | $222.4 |
| Q3 2020 | 11,929,459 | 25,399 | -0.2% | $2.5B | 9.8% | $210.3 |
| Q2 2020 | 11,954,858 | 18,063 | -0.2% | $2.4B | 10.6% | $203.5 |
| Q1 2020 | 11,972,921 | 217,608 | -1.8% | $1.9B | 10.6% | $157.7 |
| Q4 2019 | 12,190,529 | +883 | +0.0% | $1.9B | 9.1% | $157.7 |
| Q3 2019 | 12,189,646 | +18,512 | +0.2% | $1.7B | 8.7% | $139.0 |
| Q2 2019 | 12,171,134 | +30,766 | +0.3% | $1.6B | 8.5% | $134.0 |
| Q1 2019 | 12,140,368 | +239,328 | +2.0% | $1.4B | 8.1% | $117.9 |
| Q4 2018 | 11,901,040 | 173,020 | -1.4% | $1.4B | 8.7% | $114.4 |
| Q3 2018 | 12,074,060 | +12,074,060 | — | $1.4B | 9.3% | $114.4 |
| Q2 2018 | 0 | 12,075,307 | -100.0% | $0 | 0.0% | — |
| Q1 2018 | 12,075,307 | +984,147 | +8.9% | $1.1B | 9.1% | $91.3 |
| Q4 2017 | 11,091,160 | +14,825 | +0.1% | $948.7M | 8.1% | $85.5 |
| Q3 2017 | 11,076,335 | +355,610 | +3.3% | $818.0M | 7.9% | $73.8 |
| Q2 2017 | 10,720,725 | +518,608 | +5.1% | $739.0M | 7.7% | $68.9 |
| Q1 2017 | 10,202,117 | 166 | -0.0% | $671.9M | 7.8% | $65.9 |
| Q4 2016 | 10,202,283 | +267,350 | +2.7% | $641.6M | 8.4% | $62.9 |
| Q3 2016 | 9,934,933 | +1,097,542 | +12.4% | $572.3M | 7.8% | $57.6 |
| Q2 2016 | 8,837,391 | +977,061 | +12.4% | $452.2M | 7.4% | $51.2 |
| Q1 2016 | 7,860,330 | — | — | $434.1M | 9.3% | $55.2 |
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 (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.