This $40 Billion Hedge Fund Loves These 5 Stocks

3. Estée Lauder Companies Inc. (NYSE:EL)

Fundsmith’s stake value: $2.65 billion

Percentage of Fundsmith’s portfolio: 6.47%

Number of hedge fund holders: 44

Estée Lauder Companies Inc. (NYSE:EL) is an American multinational manufacturer and marketer of skincare, makeup, fragrance, and hair care products. Fundsmith has been holding a leading stake in the company over the years. It also appears that the stake in the company contributed positively to the London-based hedge fund. The company’s share price surged 214% in the past five years. In addition, the company offers a dividend yield of around 0.90%. 

Of the 924 hedge funds tracked by Insider Monkey, Estee Lauder Companies Inc. was in 44 portfolios as of December.