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

2025 Q3 2025 Q2, filed 14 Nov, long equity only

Download CSV Download Excel All activity
SYK, Stryker 8.57% Reduce −1.8% 4,591,293 $369.67 $1.7B −85,714 −$153M
IDXX, Idexx Laboratories 8.43% Reduce −1.1% 2,610,457 $638.89 $1.7B −28,832 +$252M
GOOGL, Alphabet 7.72% Reduce −7.6% 6,289,352 $243.10 $1.5B −514,102 +$330M
MSFT, Microsoft 6.76%, was 10.68% Reduce −47.7% 2,583,369 $517.95 $1.3B −2,358,140 −$1.1B
V, Visa 6.65%, was 5.95% Add 0.0% 3,854,336 $341.38 $1.3B +265 −$53M
ADP, Automatic Data Processing 6.39% Reduce −1.2% 4,311,603 $293.50 $1.3B −50,496 −$80M
WAT, Waters 5.99%, was 5.47% Add +9.6% 3,955,498 $299.81 $1.2B +347,091 −$74M
PM, Philip Morris International 5.89%, was 7.18% Reduce −20.8% 7,188,144 $162.20 $1.2B −1,886,051 −$487M
META, Meta Platforms 5.78%, was 11.44% Reduce −56.3% 1,558,664 $734.38 $1.1B −2,010,088 −$1.5B
MAR, Marriott 5.56% Reduce −0.2% 4,228,298 $260.44 $1.1B −8,301 −$56M
MTD, Mettler-Toledo 3.66%, was 3.01% Add +0.1% 590,654 $1,228 $725M +617 +$32M
FTNT, Fortinet 3.58% Add 0.0% 8,420,092 $84.08 $708M +1,730 −$182M
PG, Procter & Gamble 3.55%, was 3.16% Add +0.1% 4,577,040 $153.65 $703M +4,760 −$25M
CHD, Church & Dwight 3.01% Reduce −0.4% 6,794,644 $87.63 $595M −29,645 −$60M
OTIS, Otis Worldwide 2.69% Hold 5,819,151 $91.43 $532M — —
ZTS, Zoetis 2.67%, was 1.95% Add +25.3% 3,615,131 $146.32 $529M +730,300 +$79M
TXN, Texas Instruments 2.53%, was 2.45% Add +0.1% 2,721,881 $183.73 $500M +1,591 −$65M
NKE, Nike 2.16% Hold 6,129,483 $69.73 $427M — —
INTU, Intuit 2.09%, was 1.26% Add +64.0% 604,456 $682.91 $413M +235,916 +$123M
QLYS, Qualys 0.58%, was 0.45% Add +21.2% 870,859 $132.33 $115M +152,257 +$13M
PAYC, Paycom Software 0.55%, was 0.42% Add +26.6% 523,433 $208.14 $109M +109,923 +$13M
DOCS, Doximity 0.50% Hold 1,355,944 $73.15 $99M — —
MSCI 0.48% Hold 166,619 $567.41 $95M — —
VRT, Vertiv 0.45% Reduce −18.4% 591,450 $150.86 $89M −133,473 −$3.9M
Holding 0.45% Hold 1,416,956 $62.30 $88M — —
ROL, Rollins 0.44% Hold 1,478,629 $58.74 $87M — —
GGG, Graco 0.39% Hold 900,545 $84.96 $77M — —
NSSC, Napco Sec Technologies 0.39%, was 0.12% Add +86.4% 1,779,857 $42.95 $76M +824,945 +$48M
VRSN, VeriSign 0.38% Hold 270,634 $279.57 $76M — —
CLX, Clorox 0.38% Hold 613,497 $123.30 $76M — —
Catalyst Pharmaceuticals 0.33%, was 0.26% Add +24.2% 3,363,807 $19.70 $66M +654,721 +$7.5M
MEDP, Medpace 0.33% Hold 127,537 $514.16 $66M — —
MANH, Manhattan Associates 0.30% Hold 288,332 $204.98 $59M — —
SABR, Sabre 0.20% Hold 21,499,095 $1.83 $39M — —
HD, Home Depot 0.17%, was 0.13% Add +1.8% 84,860 $405.19 $34M +1,493 +$3.8M

Exits / last held

Gone since 2025 Q2, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
CHH, Choice Hotels International 0.40% Exit 0 $126.88 $93M −733,892 −$93M
EXPO, Exponent 0.24% Exit 0 $74.71 $56M −746,820 −$56M
VRSK, Verisk 0.24% Exit 0 $311.50 $55M −176,195 −$55M
MA, Mastercard 0.07% Exit 0 $561.94 $16M −27,663 −$16M

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 2025 Q2. 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