Exited position

Terry Smith’s Lauder Estee Cos Inc (EL) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Fundsmith LLPVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ2 2016Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares7.17MHighest verified quarter-end share count
Quarters reported25Verified quarters with shares above zero
What happened?

Fundsmith LLP first reported Lauder Estee Cos Inc in Q2 2016. The reported position was increased and reduced across later filings. The latest verified relationship event shows that Fundsmith LLP sold the entire position in Q3 2023, and the stock is no longer reported in the latest verified portfolio.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q3 2023
Sold the entire position−5.42M shares · No shares reported at quarter-end
Q2 2023
Sold 0.2% of the position−9.81K shares · 5.42M shares remained
Filing context

Quarter-end price $196.38 · Estimated holding basis $179.54

Q1 2023
Sold 4.4% of the position−251.29K shares · 5.43M shares remained
Filing context

Quarter-end price $246.46 · Estimated holding basis $179.54

Q4 2022
Sold 4.6% of the position−276.35K shares · 5.68M shares remained
Filing context

Quarter-end price $248.11 · Estimated holding basis $179.54

Q3 2022
Bought 0.08% more+4.68K shares · 5.96M shares reported after the change
Filing context

Quarter-end price $215.90 · Estimated holding basis $179.54

Q2 2022
Bought 2.7% more+156.43K shares · 5.95M shares reported after the change
Filing context

Quarter-end price $254.67 · Estimated holding basis $179.51

1 unchanged quarter is collapsed by default.

Portfolio importance

How important was Lauder Estee Cos Inc in Fundsmith LLP’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Last reported portfolio weight4.5%Q2 2023
Last reported rank#10of 39 reported positions
Peak portfolio weight6.9%Q3 2019
Best historical rank#3Q3 2019
At peak importanceQ3 2019
EL
6.9%
Largest holding
8.7%
Cross-investor discovery

Who else owns Lauder Estee Cos Inc?

Also reported by 2 other tracked investors in their latest verified filings.

Joel GreenblattGotham Asset Management
EL0.1% of reported portfolio
Ray DalioBridgewater Associates, LP
EL0.0% of reported portfolio
Explore Lauder Estee Cos Inc across all tracked investors →
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$98.222026-09-14

Market context only; not an investor transaction price.

Latest verified investor filingQ2 2026 · filed 2026-08-14
Open SEC filing ↗

This tracker follows Fundsmith LLP’s reported positions. Form 13F reports quarter-end positions and is filed later; it does not disclose exact trade dates or execution prices.