Follow The Filings

Fundsmith LLP Terry Smith

London, X0 20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

  • $13.6B
  • 41 holdings
  • 2026 Q2
  • +6.4% QoQ
  • Top 5 29.8%

Portfolio

2026 Q2, filed 8/14/2026, top 12 of 41 holdings

Top 5 29.8%, top 10 52.5%

  1. MAR, Marriott 7.0%
  2. SYK, Stryker 6.7%
  3. WAT, Waters 6.3%
  4. V, Visa 5.1%
  5. UBER, Uber 4.7%
  6. MA, Mastercard 4.7%
  7. GOOGL, Alphabet 4.6%
  8. CHD, Church & Dwight 4.6%
  9. PG, Procter & Gamble 4.4%
  10. MSFT, Microsoft 4.4%
  11. META, Meta Platforms 4.3%
  12. ADP, Automatic Data Processing 4.3%
  13. Other 38.9%

AUM over time

2026 Q2 $13.6B +6.4% QoQ
2021 Q3: $36.2B 2021 Q3: $36.2B
Q3 2021
2021 Q4: $41B, +13.3% QoQ 2021 Q4: $41B, +13.3% QoQ
Q4
2022 Q1: $29.1B, −28.9% QoQ 2022 Q1: $29.1B, −28.9% QoQ
Q1 2022
2022 Q2: $22.7B, −22.2% QoQ 2022 Q2: $22.7B, −22.2% QoQ
Q2
2022 Q3: $21.1B, −7.0% QoQ 2022 Q3: $21.1B, −7.0% QoQ
Q3
2022 Q4: $21.9B, +3.9% QoQ 2022 Q4: $21.9B, +3.9% QoQ
Q4
2023 Q1: $23.2B, +5.8% QoQ 2023 Q1: $23.2B, +5.8% QoQ
Q1 2023
2023 Q2: $23.8B, +2.8% QoQ 2023 Q2: $23.8B, +2.8% QoQ
Q2
2023 Q3: $22B, −7.7% QoQ 2023 Q3: $22B, −7.7% QoQ
Q3
2023 Q4: $23.9B, +8.5% QoQ 2023 Q4: $23.9B, +8.5% QoQ
Q4
2024 Q1: $25.6B, +7.0% QoQ 2024 Q1: $25.6B, +7.0% QoQ
Q1 2024
2024 Q2: $24.5B, −4.0% QoQ 2024 Q2: $24.5B, −4.0% QoQ
Q2
2024 Q3: $25.3B, +3.0% QoQ 2024 Q3: $25.3B, +3.0% QoQ
Q3
2024 Q4: $23.5B, −7.2% QoQ 2024 Q4: $23.5B, −7.2% QoQ
Q4
2025 Q1: $22B, −6.3% QoQ 2025 Q1: $22B, −6.3% QoQ
Q1 2025
2025 Q2: $23B, +4.7% QoQ 2025 Q2: $23B, +4.7% QoQ
Q2
2025 Q3: $19.8B, −14.0% QoQ 2025 Q3: $19.8B, −14.0% QoQ
Q3
2025 Q4: $17.1B, −13.5% QoQ 2025 Q4: $17.1B, −13.5% QoQ
Q4
2026 Q1: $12.8B, −25.1% QoQ 2026 Q1: $12.8B, −25.1% QoQ
Q1 2026
2026 Q2: $13.6B, +6.4% QoQ 2026 Q2: $13.6B, +6.4% QoQ
Q2

Book

2023 Q2 2023 Q1, filed 14 Aug, long equity only

Download CSV Download Excel All activity
MSFT, Microsoft 12.88% Reduce −0.2% 9,012,591 $340.54 $3.1B −18,510 +$465M
SYK, Stryker 7.06%, was 6.77% Add +0.2% 5,511,645 $305.09 $1.7B +13,332 +$112M
META, Meta Platforms 6.81% Reduce −0.2% 5,653,137 $286.98 $1.6B −11,134 +$422M
PM, Philip Morris International 6.47%, was 6.91% Reduce −4.1% 15,784,916 $97.62 $1.5B −678,947 −$60M
IDXX, Idexx Laboratories 6.24% Add +0.2% 2,961,551 $502.23 $1.5B +7,355 +$10M
V, Visa 5.74%, was 5.46% Add +2.6% 5,761,283 $237.48 $1.4B +147,863 +$103M
MKC, Mccormick & Co. Non VTG 5.66% Reduce −0.2% 15,467,107 $87.23 $1.3B −31,481 +$60M
PEP, PepsiCo 5.16%, was 5.24% Reduce −0.2% 6,644,967 $185.22 $1.2B −13,570 +$17M
ADP, Automatic Data Processing 5.10%, was 5.32% Reduce −0.3% 5,526,368 $219.79 $1.2B −15,598 −$19M
EL, Estee Lauder 4.46%, was 5.77% Reduce −0.2% 5,418,525 $196.38 $1.1B −9,807 −$274M
WAT, Waters 4.26% Add +3.0% 3,809,473 $266.54 $1B +111,104 −$130M
GOOGL, Alphabet 3.82% Reduce −0.2% 7,615,636 $119.70 $912M −12,562 +$120M
BF.B, Brown-Forman 3.42% Reduce −0.3% 12,195,517 $66.78 $814M −34,531 +$28M
MTD, Mettler-Toledo 3.13% Add +1.4% 569,144 $1,312 $747M +7,730 −$113M
NKE, Nike 3.11%, was 3.56% Reduce −0.2% 6,710,646 $110.37 $741M −15,625 −$84M
PG, Procter & Gamble 3.09%, was 1.10% Add +182.5% 4,849,177 $151.74 $736M +3,132,695 +$481M
CHD, Church & Dwight 2.80%, was 3.22% Reduce −21.1% 6,668,756 $100.23 $668M −1,781,171 −$79M
OTIS, Otis Worldwide 2.41%, was 2.29% Add +2.8% 6,455,411 $89.01 $575M +173,736 +$44M
AAPL, Apple 1.08% Reduce −0.7% 1,332,635 $193.97 $258M −9,344 +$37M
FTNT, Fortinet 0.73% Hold 2,313,303 $75.59 $175M — —
VRSN, VeriSign 0.64% Hold 674,791 $225.97 $152M — —
Masimo 0.50%, was 0.61% Reduce −4.4% 730,377 $164.55 $120M −33,942 −$21M
VRSK, Verisk 0.50% Hold 530,087 $226.03 $120M — —
EFX, Equifax 0.49% Hold 495,301 $235.30 $117M — —
CGNX, Cognex 0.48% Hold 2,059,788 $56.02 $115M — —
GGG, Graco 0.45%, was 0.17% Add +125.2% 1,229,228 $86.35 $106M +683,317 +$66M
EXPO, Exponent 0.43% New 1,100,101 $93.32 $103M +1,100,101 +$103M
MSCI 0.42% Hold 211,317 $469.29 $99M — —
QLYS, Qualys 0.36% Hold 658,407 $129.17 $85M — —
IEX, Idex 0.35%, was 0.26% Add +48.3% 391,124 $215.26 $84M +127,384 +$23M
IPGP, IPG Photonics 0.32%, was 0.45% Reduce −34.4% 560,198 $135.82 $76M −294,061 −$29M
ROL, Rollins 0.31% Hold 1,726,161 $42.83 $74M — —
SABR, Sabre 0.30% Hold 22,707,687 $3.19 $72M — —
PAYC, Paycom Software 0.22% Hold 161,007 $321.24 $52M — —
HD, Home Depot 0.19%, was 0.20% Reduce −4.1% 147,381 $310.64 $46M −6,282 +$433K
JNJ, Johnson & Johnson 0.19% Reduce −1.3% 273,864 $165.52 $45M −3,600 +$2.3M
ZTS, Zoetis 0.16% Reduce −1.3% 222,386 $172.21 $38M −2,923 +$797K
MAR, Marriott 0.14%, was 0.07% Add +88.9% 188,129 $183.69 $35M +88,535 +$18M
MA, Mastercard 0.10%, was 0.07% Add +49.6% 62,334 $393.30 $25M +20,670 +$9.4M

Exits / last held

Gone since 2023 Q1, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
AMZN, Amazon 3.02% Exit 0 $103.29 $700M −6,777,831 −$700M
EW, Edwards Lifesciences — Exit 0 $82.77 $826K −9,979 −$826K

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2023 Q1. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

Filings history

20 periods, with AUM normalized

Newest 13Fs
Period Holds AUM QoQ Form Filed Filing ID
2026 Q2 41 $13.6B +6.4% 13F-HR 8/14/2026 000156920526000012
2026 Q1 34 $12.8B −25.1% 13F-HR 5/15/2026 000156920526000005
2025 Q4 37 $17.1B −13.5% 13F-HR 2/17/2026 000156920526000002
2025 Q3 35 $19.8B −14.0% 13F-HR 11/14/2025 000156920525000004
2025 Q2 39 $23B +4.7% 13F-HR 8/14/2025 000180154725000008
2025 Q1 38 $22B −6.3% 13F-HR 5/15/2025 000152002325000003
2024 Q4 38 $23.5B −7.2% 13F-HR 2/14/2025 000152002325000002
2024 Q3 40 $25.3B +3.0% 13F-HR 11/14/2024 000152002324000040
2024 Q2 40 $24.5B −4.0% 13F-HR 8/14/2024 000152002324000030
2024 Q1 40 $25.6B +7.0% 13F-HR 5/15/2024 000152002324000020
2023 Q4 40 $23.9B +8.5% 13F-HR 2/14/2024 000152002324000014
2023 Q3 39 $22B −7.7% 13F-HR 11/14/2023 000152002323000012
2023 Q2 39 $23.8B +2.8% 13F-HR 8/14/2023 000152002323000011
2023 Q1 40 $23.2B +5.8% 13F-HR 5/15/2023 000152002323000010
2022 Q4 38 $21.9B +3.9% 13F-HR 2/14/2023 000152002323000001
2022 Q3 46 $21.1B −7.0% 13F-HR 11/14/2022 000152002322000010
2022 Q2 43 $22.7B −22.2% 13F-HR 8/15/2022 000152002322000009
2022 Q1 44 $29.1B −28.9% 13F-HR 5/16/2022 000152002322000006
2021 Q4 44 $41B +13.3% 13F-HR 2/14/2022 000186853722000005
2021 Q3 43 $36.2B — 13F-HR 11/12/2021 000152002321000007

About

Fundsmith LLP

20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Notable person
Terry Smith
SEC filing name
Fundsmith LLP
Location
London, X0
All SEC filings
View on sec.gov