← Holdings

Fundsmith

Fundsmith LLPData: SEC EDGAR 13F · Filed 2026-08-14 · 13F filings are quarterly snapshots disclosed up to 45 days late; current positions may differ — not a real-time trading signal.
Period
2026 Q2
Total value
$13.6B
AUM QoQ +6.4%
Positions
41 positions
Filing date
2026-08-14
Letters & ResearchFull archive (34) →
2025-12-31Fundsmith Annual Letter to Shareholders 2025This is a letter from top fund manager Terry Smith to his investors. His fund returned only 0.8% in 2025, far behind the stock market's 12.8%. But he says long-term results (13.8% annualized since 201…2025-12-31Fundsmith Equity Fund Annual Report 2025Terry Smith's Fundsmith fund returned just 0.8% in 2025, far behind the market's 12.8%. Why? The market was dominated by a few tech giants like Nvidia and Tesla, which Smith refuses to buy because the…2025-06-30Fundsmith Semi-Annual Letter to Shareholders 2025This is a letter from star fund manager Terry Smith to his investors. His fund lost 1.9% in the first half of 2025, mainly because two big holdings—drugmaker Novo Nordisk and medical supplies company…2025-06-30Fundsmith Equity Fund Interim Report 2025This report covers Fundsmith, a well-known fund run by Terry Smith, for the first half of 2025. It lost 1.9% in pounds, but that's mostly because the pound rose 9% against the dollar—in dollars it act…2024-12-31Fundsmith Annual Letter to Shareholders 2024This is a fund manager's annual letter to investors. In 2024, their fund returned 8.9%, lagging the market's 20.8% because most gains came from a few tech stocks like Nvidia. The fund didn't chase tho…2024-12-31Fundsmith Equity Fund Annual Report 2024This report covers Terry Smith's Fundsmith Equity Fund for 2024. It returned 8.9%, lagging the MSCI World's 20.8%, because it didn't own enough AI stocks like Nvidia. But its long-term track record is…
Year
Quarter
13 new positions · 4 adds · 21 trims · biggest add NSSC +58.23%
#CompanyPeriod priceTodayValueWeight %Shares (QoQ)Change %
1
Marriott Intl Inc New
MAR
$370.59
$958M
7.02%
2.59M
3.37M
-23.29%
-785K sh
2
Stryker Corporation
SYK
$314.84
$917M
6.72%
2.91M
3.06M
-4.82%
-148K sh
3
Waters Corp
WAT
$375.04
$853M
6.25%
2.27M
3.21M
-29.22%
-938K sh
4
Visa Inc
V
$343.09
$693M
5.08%
2.02M
3.10M
-34.93%
-1.08M sh
5
Uber Technologies Inc
UBER
$72.16
$645M
4.73%
8.94M
New
6
Mastercard Incorporated
MA
$513.6
$639M
4.69%
1.25M
New
7
Alphabet Inc
GOOGL
$357.37
$634M
4.64%
1.77M
2.96M
-40.01%
-1.18M sh
8
Church & Dwight Co Inc
CHD
$96.88
$626M
4.58%
6.46M
6.64M
-2.78%
-185K sh
9
Procter & Gamble Co
PG
$146.64
$598M
4.38%
4.08M
4.20M
-2.89%
-122K sh
10
Microsoft Corp
MSFT
$373.02
$596M
4.36%
1.60M
2.08M
-23.22%
-483K sh
11
Meta Platforms Inc
META
$563.29
$593M
4.34%
1.05M
1.32M
-20.4%
-269K sh
12
Automatic Data Processing In
ADP
$223.95
$583M
4.27%
2.60M
3.86M
-32.52%
-1.25M sh
13
Fortinet Inc
FTNT
$153.62
$558M
4.09%
3.63M
6.16M
-41.04%
-2.53M sh
14
Taiwan Semiconductor Manufac
TSM
$477.57
$548M
4.02%
1.15M
New
15
Idexx Labs Inc
IDXX
$526.44
$537M
3.93%
1.02M
1.47M
-30.42%
-446K sh
16
Texas Instrs Inc
TXN
$298.07
$536M
3.93%
1.80M
2.62M
-31.41%
-824K sh
17
Philip Morris Intl Inc
PM
$180.91
$527M
3.86%
2.91M
5.11M
-43.02%
-2.20M sh
18
Netflix Inc.
NFLX
$71.4
$499M
3.66%
6.99M
New
19
Ge Vernova Inc
GEV
$1174.86
$481M
3.53%
410K
New
20
Applovin Corp
APP
$515.23
$359M
2.63%
697K
New
21
Tjx Cos Inc New
TJX
$151.5
$344M
2.52%
2.27M
New
22
Nextpower Inc
NXT
$119.14
$340M
2.49%
2.86M
New
23
Veeva Sys Inc
VEEV
$177.47
$145M
1.06%
817K
New
24
Yum Brands Inc
YUM
$159.86
$89M
0.65%
556K
New
25
Msci Inc
MSCI
$560.04
$30M
0.22%
54K
65K
-17.3%
-11K sh
26
Medpace Hldgs Inc
MEDP
$529.59
$28M
0.2%
52K
63K
-16.43%
-10K sh
27
Nutanix Inc
NTNX
$50.96
$27M
0.2%
538K
577K
-6.77%
-39K sh
28
Badger Meter Inc
BMI
$148.38
$26M
0.19%
175K
142K
+22.55%
+32K sh
29
Clorox Co Del
CLX
$95.44
$26M
0.19%
271K
257K
+5.48%
+14K sh
30
Rollins Inc
ROL
$41.74
$26M
0.19%
620K
620K
31
Manhattan Associates Inc
MANH
$139.25
$24M
0.18%
173K
121K
+43.09%
+52K sh
32
Napco Sec Technologies Inc
NSSC
$37.98
$23M
0.17%
607K
384K
+58.23%
+223K sh
33
Fair Isaac Corp
FICO
$1194.78
$21M
0.16%
18K
New
34
Sabre Corp
SABR
$2.09
$19M
0.14%
9.01M
9.01M
35
Interdigital Inc
IDCC
$283.13
$17M
0.13%
60K
New
36
Oreilly Automotive Inc
ORLY
$92.09
$15M
0.11%
163K
New
37
Vertiv Holdings Co
VRT
$334.82
$14M
0.1%
42K
91K
-54.09%
-49K sh
38
Verisign Inc
VRSN
$251.56
$14M
0.1%
56K
113K
-50.9%
-58K sh
39
Adma Biologics Inc
ADMA
$8.37
$14M
0.1%
1.65M
1.65M
40
Doximity Inc
DOCS
$20.74
$14M
0.1%
653K
692K
-5.56%
-38K sh
41
Paycom Software Inc
PAYC
$125.68
$13M
0.09%
101K
219K
-54.09%
-119K sh