# Fundsmith LLP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1569205. Source: https://holderbook.com/funds/1569205-fundsmith-llp/

- Reported value: $13.6B
- Positions: 41
- Weight of the ten largest: 52.5%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $958.3M | 2,585,757 | 7.0% | 14 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $917.4M | 2,913,833 | 6.7% | 31 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $852.7M | 2,273,632 | 6.2% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $693.0M | 2,019,810 | 5.1% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $645.3M | 8,943,151 | 4.7% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $639.5M | 1,245,051 | 4.7% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $633.7M | 1,773,354 | 4.6% | 19 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $625.5M | 6,456,634 | 4.6% | 23 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $598.1M | 4,078,371 | 4.4% | 23 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $595.6M | 1,596,737 | 4.4% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $592.5M | 1,051,876 | 4.3% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $582.6M | 2,601,567 | 4.3% | 31 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $557.6M | 3,629,938 | 4.1% | 24 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $548.5M | 1,148,449 | 4.0% | 1 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $536.9M | 1,019,887 | 3.9% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $536.3M | 1,799,182 | 3.9% | 10 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $527.1M | 2,913,693 | 3.9% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $499.1M | 6,990,345 | 3.7% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $481.5M | 409,835 | 3.5% | 1 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $358.9M | 696,568 | 2.6% | 1 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $344.3M | 2,272,592 | 2.5% | 1 |
| NEXTPOWER INC | [NXT](https://holderbook.com/stocks/NXT/) | $340.3M | 2,856,092 | 2.5% | 1 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $145.0M | 816,785 | 1.1% | 1 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $88.9M | 556,107 | 0.7% | 1 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $30.0M | 53,580 | 0.2% | 31 |
| MEDPACE HLDGS INC | [MEDP](https://holderbook.com/stocks/MEDP/) | $27.7M | 52,372 | 0.2% | 7 |
| NUTANIX INC | [NTNX](https://holderbook.com/stocks/NTNX/) | $27.4M | 538,281 | 0.2% | 3 |
| BADGER METER INC | [BMI](https://holderbook.com/stocks/BMI/) | $25.9M | 174,627 | 0.2% | 2 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $25.9M | 271,318 | 0.2% | 11 |
| ROLLINS INC | [ROL](https://holderbook.com/stocks/ROL/) | $25.9M | 619,935 | 0.2% | 22 |
| MANHATTAN ASSOCIATES INC | [MANH](https://holderbook.com/stocks/MANH/) | $24.1M | 172,977 | 0.2% | 5 |
| NAPCO SEC TECHNOLOGIES INC | [NSSC](https://holderbook.com/stocks/NSSC/) | $23.1M | 606,974 | 0.2% | 5 |
| FAIR ISAAC CORP | [FICO](https://holderbook.com/stocks/FICO/) | $21.4M | 17,953 | 0.2% | 1 |
| SABRE CORP | [SABR](https://holderbook.com/stocks/SABR/) | $18.8M | 9,013,783 | 0.1% | 31 |
| INTERDIGITAL INC | [IDCC](https://holderbook.com/stocks/IDCC/) | $17.1M | 60,324 | 0.1% | 1 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $15.0M | 162,691 | 0.1% | 1 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $14.0M | 41,893 | 0.1% | 5 |
| VERISIGN INC | [VRSN](https://holderbook.com/stocks/VRSN/) | $14.0M | 55,713 | 0.1% | 31 |
| ADMA BIOLOGICS INC | [ADMA](https://holderbook.com/stocks/ADMA/) | $13.8M | 1,649,493 | 0.1% | 3 |
| DOXIMITY INC | [DOCS](https://holderbook.com/stocks/DOCS/) | $13.5M | 653,324 | 0.1% | 7 |
| PAYCOM SOFTWARE INC | [PAYC](https://holderbook.com/stocks/PAYC/) | $12.7M | 100,763 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.8% | +14.8% | -4.1% | 100% |
| Q1 2026 | -10.0% | -4.6% | -5.4% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | -1.2% | +7.8% | -9.0% | 100% |
| Q2 2025 | +10.4% | +10.5% | -0.1% | 100% |
| Q1 2025 | -0.3% | -4.6% | +4.3% | 100% |
| Q4 2024 | -0.1% | +2.1% | -2.3% | 100% |
| Q3 2024 | +7.9% | +5.4% | +2.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $13.6B | 41 |
| Q1 2026 | $12.8B | 34 |
| Q4 2025 | $17.1B | 37 |
| Q3 2025 | $19.8B | 35 |
| Q2 2025 | $23.0B | 39 |
| Q1 2025 | $22.0B | 38 |
| Q4 2024 | $23.5B | 38 |
| Q3 2024 | $25.3B | 40 |
| Q2 2024 | $24.5B | 40 |
| Q1 2024 | $25.6B | 40 |
| Q4 2023 | $23.9B | 40 |
| Q3 2023 | $22.0B | 39 |