Here’s Why Fundsmith Equity Fund Sold Brown-Forman Corporation (BF-B)

5 days ago 3

Soumya Eswaran

Tue, January 13, 2026 astatine 6:21 AM CST 2 min read

Fundsmith, an concern absorption steadfast based successful London, has released its yearly 2025 capitalist missive for its “Fundsmith Equity Fund.” A transcript of the missive tin beryllium downloaded here. The money focuses connected investing successful equities globally. The T Class Accumulation shares wherever the steadfast invested returned 0.8% successful 2025, compared to 12.8% for the MSCI World Index (‘Index’) successful sterling with dividends reinvested. Since its inception, the money has returned 1.7% p.a. much than the index. The money attributed its underperformance during 2025 to scale concentration, the maturation of assets successful Index Funds, and weakness successful the dollar. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its fourth-quarter 2025 capitalist letter, Fundsmith Equity Fund highlighted stocks specified arsenic Brown-Forman Corporation (NYSE:BF-B). Brown-Forman Corporation (NYSE:BF-B) is simply a institution that engages successful the accumulation and organisation of alcoholic beverages. The one-month instrumentality of Brown-Forman Corporation (NYSE:BF-B) was -12.46%, and its shares mislaid 22.71% of their worth implicit the past 52 weeks. On January 12, 2026, Brown-Forman Corporation (NYSE:BF-B) banal closed astatine $26.62 per share, with a marketplace capitalization of $12.33 billion.

Fundsmith Equity Fund stated the pursuing regarding Brown-Forman Corporation (NYSE:BF-B) successful its 4th fourth 2025 capitalist letter:

"Brown-Forman Corporation (NYSE:BF-B) and PepsiCo’s snack concern look to america to beryllium straight successful the crosshairs of the interaction of reduced appetites from value nonaccomplishment drugs. Whether oregon not our Novo Nordisk concern yet comes good, we judge that value nonaccomplishment drugs and their interaction are present to stay. In addition, the alcoholic drinks concern faces headwinds from the interaction of Generation Z’s drinking habits (lack of) and the legalisation of cannabis."

Is Brown-Forman Corporation (BF-B) the Best Alcohol Stock to Buy According to Billionaires?

Brown-Forman Corporation (NYSE:BF-B) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. According to our database, 35 hedge money portfolios held Brown-Forman Corporation (NYSE:BF-B) astatine the extremity of the 3rd quarter, compared to 37 successful the erstwhile quarter. While we admit the imaginable of Brown-Forman Corporation (NYSE:BF-B) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

In addition, delight cheque retired our hedge money capitalist letters Q4 2025 page for much capitalist letters from hedge funds and different starring investors.