Stryker Corporation (SYK) -- Benefiting from Elective Surgery Backlog | Fundsmith 2024 Q4

Capitalizing on Healthcare Demand with Innovative Solutions

Apr 13, 2025

Summary

Investment rationale: Strong position in medical technology and surgical equipment.
Market positioning: Leading provider of medical devices with a focus on innovation.
Risks and challenges: Regulatory changes and healthcare spending fluctuations.
Recent performance: Positive attribution of +1.3% to the fund’s performance in 2024.
Future outlook: Continued growth driven by innovation and healthcare demand.

Stryker Corporation (SYK, Financial) was highlighted in the Fundsmith 2024 Q4 letter as a top contributor, benefiting from the backlog of elective surgeries. Fundsmith LLP emphasized Stryker's strong market position in medical technology and its ability to capitalize on increased healthcare demand. The company's consistent performance underscores its strategic importance within the fund's portfolio.

"Stryker, which is making its 5th appearance, is benefitting from work on the backlog of elective surgical procedures which built up during the pandemic." — Fundsmith LLP, Fundsmith 2024 Q4 Fund Letter

Read full letter at gurufocus Fundsmith 2024 Q4 page.

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