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

2024 Q1 2023 Q4, filed 15 May, long equity only

Download CSV Download Excel All activity
MSFT, Microsoft 12.54% Reduce −4.1% 7,617,903 $420.72 $3.2B −325,421 +$218M
META, Meta Platforms 9.44% Reduce −0.6% 4,969,549 $485.58 $2.4B −29,157 +$644M
SYK, Stryker 7.67% Reduce −0.6% 5,479,066 $357.87 $2B −33,560 +$310M
V, Visa 6.22%, was 6.25% Reduce −0.8% 5,690,596 $279.08 $1.6B −47,935 +$94M
IDXX, Idexx Laboratories 5.74%, was 6.34% Reduce −0.5% 2,714,762 $539.93 $1.5B −14,155 −$49M
ADP, Automatic Data Processing 5.64%, was 5.67% Reduce −0.9% 5,765,869 $249.74 $1.4B −50,452 +$85M
PM, Philip Morris International 5.32%, was 5.92% Reduce −1.4% 14,822,237 $91.62 $1.4B −215,420 −$57M
WAT, Waters 5.07%, was 5.24% Reduce −0.9% 3,766,251 $344.23 $1.3B −34,437 +$45M
MAR, Marriott 4.31% Reduce −0.6% 4,364,298 $252.31 $1.1B −27,208 +$111M
GOOGL, Alphabet 4.12% Reduce −0.5% 6,980,992 $150.93 $1.1B −36,419 +$73M
PEP, PepsiCo 4.00%, was 4.71% Reduce −11.8% 5,845,947 $175.01 $1B −784,419 −$103M
MKC, Mccormick & Co. Non VTG 3.68%, was 4.32% Reduce −19.0% 12,229,563 $76.81 $939M −2,860,820 −$93M
MTD, Mettler-Toledo 3.18%, was 2.88% Add +7.5% 610,096 $1,331 $812M +42,503 +$124M
PG, Procter & Gamble 3.05% Reduce −0.8% 4,799,082 $162.25 $779M −40,850 +$69M
CHD, Church & Dwight 2.93% Reduce −1.3% 7,171,440 $104.31 $748M −92,676 +$61M
OTIS, Otis Worldwide 2.45% Reduce −2.3% 6,295,103 $99.27 $625M −147,050 +$49M
NKE, Nike 2.40%, was 3.04% Reduce −2.6% 6,512,417 $93.98 $612M −172,996 −$114M
BF.B, Brown-Forman 2.32%, was 2.79% Reduce −1.7% 11,458,780 $51.62 $592M −193,926 −$74M
FTNT, Fortinet 2.19%, was 1.80% Add +11.5% 8,174,985 $68.31 $558M +843,141 +$129M
AAPL, Apple 1.07% Add +19.7% 1,597,544 $171.48 $274M +262,959 +$17M
TXN, Texas Instruments 0.76% New 1,111,306 $174.21 $194M +1,111,306 +$194M
EFX, Equifax 0.50% Reduce −2.6% 472,805 $267.52 $126M −12,764 +$6.4M
VRSN, VeriSign 0.48%, was 0.57% Reduce −2.6% 644,143 $189.51 $122M −17,390 −$14M
VRSK, Verisk 0.44%, was 0.52% Reduce −7.9% 478,647 $235.73 $113M −41,025 −$11M
GGG, Graco 0.43%, was 0.44% Reduce −2.6% 1,175,486 $93.46 $110M −31,735 +$5.1M
MSCI 0.38%, was 0.49% Reduce −17.0% 171,859 $560.45 $96M −35,306 −$21M
CHH 0.37% New 756,944 $126.35 $96M +756,944 +$96M
QLYS, Qualys 0.37%, was 0.51% Reduce −9.4% 565,246 $166.87 $94M −58,709 −$28M
IEX, Idex 0.36% Reduce −2.6% 373,902 $244.02 $91M −10,095 +$7.9M
CLX, Clorox 0.35%, was 0.36% Reduce −2.6% 588,141 $153.11 $90M −15,653 +$4M
EXPO, Exponent 0.34%, was 0.40% Reduce −2.6% 1,050,120 $82.69 $87M −28,351 −$8.1M
CGNX, Cognex 0.33%, was 0.35% Reduce −2.6% 1,966,235 $42.42 $83M −53,083 −$879K
ROL, Rollins 0.30%, was 0.31% Reduce −2.6% 1,647,761 $46.27 $76M −44,485 +$2.3M
PAYC, Paycom Software 0.25%, was 0.14% Add +106.1% 325,271 $199.01 $65M +167,427 +$32M
Holding 0.23%, was 0.22% Add +20.2% 1,327,313 $43.45 $58M +222,897 +$6.3M
HD, Home Depot 0.22% Reduce −2.2% 146,584 $383.60 $56M −3,234 +$4.3M
SABR, Sabre 0.21%, was 0.41% Reduce −2.6% 21,676,328 $2.42 $52M −585,209 −$45M
ZTS, Zoetis 0.15% Add +1.2% 228,805 $169.21 $39M +2,741 −$5.9M
MA, Mastercard 0.12%, was 0.11% Add +1.2% 64,449 $481.57 $31M +772 +$3.9M
MCD, McDonald's 0.10% Add +1.2% 93,617 $281.95 $26M +1,122 −$1M

Exits / last held

Gone since 2023 Q4, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
IPGP, IPG Photonics 0.25% Exit 0 $108.54 $60M −548,993 −$60M
JNJ, Johnson & Johnson 0.18% Exit 0 $156.74 $44M −278,393 −$44M

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 Q4. 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