# FUNDSMITH INVESTMENT SERVICES LTD.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1868537. Source: https://holderbook.com/funds/1868537-fundsmith-investment-services-ltd/

- Reported value: $4.5B
- Positions: 27
- Weight of the ten largest: 55.2%
- 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/) | $334.2M | 901,923 | 7.4% | 14 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $330.8M | 1,050,585 | 7.3% | 21 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $314.2M | 837,764 | 7.0% | 18 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $245.8M | 2,537,243 | 5.4% | 18 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $233.5M | 680,492 | 5.2% | 21 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $226.3M | 759,134 | 5.0% | 10 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $213.3M | 2,955,961 | 4.7% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $201.8M | 392,933 | 4.5% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $199.8M | 558,963 | 4.4% | 18 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $196.5M | 411,476 | 4.3% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $191.9M | 340,730 | 4.2% | 21 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $188.5M | 505,361 | 4.2% | 21 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $184.5M | 823,664 | 4.1% | 18 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $173.0M | 1,126,234 | 3.8% | 13 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $172.2M | 327,058 | 3.8% | 18 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $170.9M | 944,396 | 3.8% | 18 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $159.2M | 1,085,919 | 3.5% | 18 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $156.1M | 2,186,945 | 3.5% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $151.1M | 128,646 | 3.3% | 1 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $120.5M | 233,921 | 2.7% | 1 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $109.3M | 721,550 | 2.4% | 3 |
| NEXTPOWER INC | [NXT](https://holderbook.com/stocks/NXT/) | $107.6M | 903,523 | 2.4% | 1 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $46.0M | 259,070 | 1.0% | 1 |
| BADGER METER INC | [BMI](https://holderbook.com/stocks/BMI/) | $37.3M | 251,196 | 0.8% | 3 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $28.5M | 178,009 | 0.6% | 1 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $25.6M | 114,984 | 0.6% | 7 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $498.2K | 5,410 | 0.0% | 1 |

## 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 | +10.1% | +14.8% | -4.7% | 100% |
| Q1 2026 | -9.2% | -4.6% | -4.6% | 100% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 100% |
| Q3 2025 | -1.3% | +7.8% | -9.2% | 100% |
| Q2 2025 | +10.1% | +10.5% | -0.3% | 100% |
| Q1 2025 | -0.4% | -4.6% | +4.1% | 100% |
| Q4 2024 | -0.3% | +2.1% | -2.5% | 100% |
| Q3 2024 | +7.6% | +5.4% | +2.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $4.5B | 27 |
| Q1 2026 | $4.4B | 24 |
| Q4 2025 | $5.5B | 26 |
| Q3 2025 | $6.4B | 23 |
| Q2 2025 | $7.4B | 26 |
| Q1 2025 | $7.1B | 27 |
| Q4 2024 | $7.7B | 31 |
| Q3 2024 | $8.0B | 28 |
| Q2 2024 | $7.8B | 28 |
| Q1 2024 | $7.5B | 27 |
| Q4 2023 | $6.9B | 26 |
| Q3 2023 | $6.4B | 26 |