Terry Smith / Fundsmith

Publicly disclosed long equity holdings.

Holdings as of 2026-06-30Filed 2026-08-14Updated 2026-10-22

20 / 20 quarters verified

Disclosed long shares$13.65B

Positions41

Top 10 concentration52.5%

New13

Increased4

Valuation basis

Value covers disclosed long shares only; options and principal amounts are excluded. Values flagged by cross-filer unit reconciliation are estimates.

Portfolio holdings

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Filed	Investor	Stock	Change	Shares Δ	Weight	Source
2026-08-14	Fundsmith	MARMARRIOTT INTL INC NEWCL A	Decreased	-23.3%	7.02% -1.6 pp	SEC filing
2026-08-14	Fundsmith	SYKSTRYKER CORPORATIONCOM	Decreased	-4.8%	6.72% -1.1 pp	SEC filing
2026-08-14	Fundsmith	WATWATERS CORPCOM	Decreased	-29.2%	6.25% -1.2 pp	SEC filing
2026-08-14	Fundsmith	VVISA INCCOM CL A	Decreased	-34.9%	5.08% -2.2 pp	SEC filing
2026-08-14	Fundsmith	UBERUBER TECHNOLOGIES INCCOM	New	—	4.73% +4.7 pp	SEC filing
2026-08-14	Fundsmith	MAMASTERCARD INCORPORATEDCL A	New	—	4.69% +4.7 pp	SEC filing
2026-08-14	Fundsmith	GOOGLALPHABET INCCAP STK CL A	Decreased	-40.0%	4.64% -2.0 pp	SEC filing
2026-08-14	Fundsmith	CHURCH & DWIGHT CO INCCHURCH & DWIGHT CO INCCOM	Decreased	-2.8%	4.58% -0.2 pp	SEC filing
2026-08-14	Fundsmith	PROCTER & GAMBLE COPROCTER & GAMBLE COCOM	Decreased	-2.9%	4.38% -0.3 pp	SEC filing
2026-08-14	Fundsmith	MSFTMICROSOFT CORPCOM	Decreased	-23.2%	4.36% -1.6 pp	SEC filing
2026-08-14	Fundsmith	METAMETA PLATFORMS INCCL A	Decreased	-20.4%	4.34% -1.6 pp	SEC filing
2026-08-14	Fundsmith	ADPAUTOMATIC DATA PROCESSING INCOM	Decreased	-32.5%	4.27% -1.8 pp	SEC filing
2026-08-14	Fundsmith	FORTINET INCFORTINET INCCOM	Decreased	-41.0%	4.09% +0.2 pp	SEC filing
2026-08-14	Fundsmith	TSMTAIWAN SEMICONDUCTOR MANUFACSPONSORED ADS	New	—	4.02% +4.0 pp	SEC filing
2026-08-14	Fundsmith	IDXXIDEXX LABS INCCOM	Decreased	-30.4%	3.93% -2.5 pp	SEC filing
2026-08-14	Fundsmith	TXNTEXAS INSTRS INCCOM	Decreased	-31.4%	3.93% -0.0 pp	SEC filing
2026-08-14	Fundsmith	PMPHILIP MORRIS INTL INCCOM	Decreased	-43.0%	3.86% -2.7 pp	SEC filing
2026-08-14	Fundsmith	NFLXNETFLIX INC.COM	New	—	3.66% +3.7 pp	SEC filing
2026-08-14	Fundsmith	GEVGE VERNOVA INCCOM	New	—	3.53% +3.5 pp	SEC filing
2026-08-14	Fundsmith	APPAPPLOVIN CORPCOM CL A	New	—	2.63% +2.6 pp	SEC filing
2026-08-14	Fundsmith	TJX COS INC NEWTJX COS INC NEWCOM	New	—	2.52% +2.5 pp	SEC filing
2026-08-14	Fundsmith	NEXTPOWER INCNEXTPOWER INCCLASS A COM	New	—	2.49% +2.5 pp	SEC filing
2026-08-14	Fundsmith	VEEVA SYS INCVEEVA SYS INCCL A COM	New	—	1.06% +1.1 pp	SEC filing
2026-08-14	Fundsmith	YUM BRANDS INCYUM BRANDS INCCOM	New	—	0.65% +0.7 pp	SEC filing
2026-08-14	Fundsmith	MSCIMSCI INCCOM	Decreased	-17.3%	0.22% -0.1 pp	SEC filing
2026-08-14	Fundsmith	MEDPACE HLDGS INCMEDPACE HLDGS INCCOM	Decreased	-16.4%	0.20% -0.0 pp	SEC filing
2026-08-14	Fundsmith	NUTANIX INCNUTANIX INCCL A	Decreased	-6.8%	0.20% +0.0 pp	SEC filing
2026-08-14	Fundsmith	BADGER METER INCBADGER METER INCCOM	Increased	+22.6%	0.19% +0.0 pp	SEC filing
2026-08-14	Fundsmith	CLOROX CO DELCLOROX CO DELCOM	Increased	+5.5%	0.19% -0.0 pp	SEC filing
2026-08-14	Fundsmith	ROLLINS INCROLLINS INCCOM	Unchanged	0.0%	0.19% -0.1 pp	SEC filing
2026-08-14	Fundsmith	MANHATTAN ASSOCIATES INCMANHATTAN ASSOCIATES INCCOM	Increased	+43.1%	0.18% +0.1 pp	SEC filing
2026-08-14	Fundsmith	NAPCO SEC TECHNOLOGIES INCNAPCO SEC TECHNOLOGIES INCCOM	Increased	+58.2%	0.17% +0.1 pp	SEC filing
2026-08-14	Fundsmith	FICOFAIR ISAAC CORPCOM	New	—	0.16% +0.2 pp	SEC filing
2026-08-14	Fundsmith	SABRE CORPSABRE CORPCOM	Unchanged	0.0%	0.14% +0.0 pp	SEC filing
2026-08-14	Fundsmith	INTERDIGITAL INCINTERDIGITAL INCCOM	New	—	0.13% +0.1 pp	SEC filing
2026-08-14	Fundsmith	ORLYOREILLY AUTOMOTIVE INCCOM	New	—	0.11% +0.1 pp	SEC filing
2026-08-14	Fundsmith	VRTVERTIV HOLDINGS COCOM CL A	Decreased	-54.1%	0.10% -0.1 pp	SEC filing
2026-08-14	Fundsmith	VRSNVERISIGN INCCOM	Decreased	-50.9%	0.10% -0.1 pp	SEC filing
2026-08-14	Fundsmith	ADMAADMA BIOLOGICS INCCOM	Unchanged	0.0%	0.10% -0.0 pp	SEC filing
2026-08-14	Fundsmith	DOXIMITY INCDOXIMITY INCCL A	Decreased	-5.6%	0.10% -0.0 pp	SEC filing
2026-08-14	Fundsmith	PAYCOM SOFTWARE INCPAYCOM SOFTWARE INCCOM	Decreased	-54.1%	0.09% -0.1 pp	SEC filing

Latest changes

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Filed	Investor	Stock	Change	Shares Δ	Weight	Source
2026-08-14	Fundsmith	MARMARRIOTT INTL INC NEWCL A	Decreased	-23.3%	7.02% -1.6 pp	SEC filing
2026-08-14	Fundsmith	SYKSTRYKER CORPORATIONCOM	Decreased	-4.8%	6.72% -1.1 pp	SEC filing
2026-08-14	Fundsmith	WATWATERS CORPCOM	Decreased	-29.2%	6.25% -1.2 pp	SEC filing
2026-08-14	Fundsmith	VVISA INCCOM CL A	Decreased	-34.9%	5.08% -2.2 pp	SEC filing
2026-08-14	Fundsmith	GOOGLALPHABET INCCAP STK CL A	Decreased	-40.0%	4.64% -2.0 pp	SEC filing
2026-08-14	Fundsmith	PMPHILIP MORRIS INTL INCCOM	Decreased	-43.0%	3.86% -2.7 pp	SEC filing
2026-08-14	Fundsmith	IDXXIDEXX LABS INCCOM	Decreased	-30.4%	3.93% -2.5 pp	SEC filing
2026-08-14	Fundsmith	ADPAUTOMATIC DATA PROCESSING INCOM	Decreased	-32.5%	4.27% -1.8 pp	SEC filing
2026-08-14	Fundsmith	MSFTMICROSOFT CORPCOM	Decreased	-23.2%	4.36% -1.6 pp	SEC filing
2026-08-14	Fundsmith	METAMETA PLATFORMS INCCL A	Decreased	-20.4%	4.34% -1.6 pp	SEC filing
2026-08-14	Fundsmith	METTLER TOLEDO INTERNATIONALMETTLER TOLEDO INTERNATIONALCOM	Exited	-100.0%	0.00% -5.6 pp	SEC filing
2026-08-14	Fundsmith	CHURCH & DWIGHT CO INCCHURCH & DWIGHT CO INCCOM	Decreased	-2.8%	4.58% -0.2 pp	SEC filing

Portfolio history

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Quarter	Positions	Disclosed long share value
2026 Q2	41	$13.65B
2026 Q1	34	$12.83B
2025 Q4	37	$17.12B
2025 Q3	35	$19.80B
2025 Q2	39	$23.02B
2025 Q1	38	$21.97B
2024 Q4	38	$23.46B
2024 Q3	40	$25.28B
2024 Q2	40	$24.54B
2024 Q1	40	$25.55B
2023 Q4	40	$23.89B
2023 Q3	39	$22.01B
2023 Q2	39	$23.83B
2023 Q1	40	$23.17B
2022 Q4	38	$21.90B
2022 Q3	46	$21.07B
2022 Q2	43	$22.66B
2022 Q1	44	$29.12B
2021 Q4	44	$40.98B
2021 Q3	43	$36.17B

Sources & reporting managers

Fundsmith LLP · SEC

Original filings & information tables

0001569205-26-000012

Terry Smith / Fundsmith

Portfolio holdings

Latest changes

Portfolio history

Sources & reporting managers

Quarterly holdings review