This $40 Billion Hedge Fund Loves These 5 Stocks

2. IDEXX Laboratories, Inc. (NASDAQ:IDXX)

Fundsmith’s stake value: $2.79 billion

Percentage of Fundsmith’s portfolio: 6.81%

Number of hedge fund holders: 43

Terry Smith of Fundsmith has been showing confidence in IDEXX Laboratories, Inc. (NASDAQ:IDXX) over the years. His confidence has also been paying off considering a robust share price run of a multinational corporation engaged in providing products and services for animal veterinary, poultry, livestock, water testing, and dairy markets. Its share price grew 12% in the last twelve months, extending five-year gains to over 250%. The company’s share price run is backed by its strong financial numbers. In 2021, the company’s revenue of $3.2 billion surged 19% year over year while earnings per share of $8.60 increased 28% on a reported basis and 29% on a comparable basis.

Bullish hedge fund positions remained flat in IDEXX Laboratories compared to the previous quarter. It was in 43 hedge fund portfolios as of December.