Top 5 Stock Picks of Terry Smith’s Fundsmith LLP

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

Fundsmith LLP Stake Value: $2.7 billion

Percentage of Fundsmith LLP’s 13F Portfolio: 7.42%

No. of Hedge Fund Holders: 39

IDEXX Laboratories, Inc. (NASDAQ:IDXX), headquartered in Westbrook, Maine, makes and sells products for veterinary, livestock and poultry, water testing and diary industries. The company, with a market cap of $51.9 billion, is third on our list of top 10 stock picks of Terry Smith’s Fundsmith LLP.

ClearBridge Investments, an investment management firm, published its Q2 2021 investor letter and mentioned IDEXX Laboratories, Inc. (NASDAQ: IDXX). Here is what ClearBridge Investments has to say about the company:

“The Strategy also received strong contributions from several companies in the health care sector. IDEXX Laboratories, meanwhile, benefited from strong performance in its veterinary products segment as pet ownership continues to increase.”