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Fundsmith

Terry Smith / Fundsmith

Publicly disclosed long equity holdings.

Holdings as of 2023-12-31Filed 2024-02-14Updated 2026-10-22
20 / 20 quarters verified
Disclosed long shares$23.89B
Positions40
Top 10 concentration65.3%
New1
Increased7
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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FiledInvestorStockChangeShares ΔWeightSource
2024-02-14FundsmithMSFTMICROSOFT CORPCOMDecreased-8.2%12.50% +0.1 ppSEC filing
2024-02-14FundsmithMETAMETA PLATFORMS INCCL AUnchanged-0.1%7.41% +0.6 ppSEC filing
2024-02-14FundsmithSYKSTRYKER CORPORATIONCOMUnchanged-0.1%6.91% +0.1 ppSEC filing
2024-02-14FundsmithIDXXIDEXX LABS INCCOMDecreased-7.9%6.34% +0.5 ppSEC filing
2024-02-14FundsmithVVISA INCCOM CL AUnchanged-0.3%6.25% +0.2 ppSEC filing
2024-02-14FundsmithPMPHILIP MORRIS INTL INCCOMUnchanged-0.2%5.92% -0.4 ppSEC filing
2024-02-14FundsmithADPAUTOMATIC DATA PROCESSING INCOMIncreased+5.4%5.67% -0.4 ppSEC filing
2024-02-14FundsmithWATWATERS CORPCOMUnchanged-0.2%5.24% +0.5 ppSEC filing
2024-02-14FundsmithPEPSICO INCPEPSICO INCCOMUnchanged-0.1%4.71% -0.4 ppSEC filing
2024-02-14FundsmithMCCORMICK & CO INCMCCORMICK & CO INCCOM NON VTGDecreased-1.5%4.32% -0.9 ppSEC filing
2024-02-14FundsmithMARMARRIOTT INTL INC NEWCL AUnchanged-0.1%4.15% +0.2 ppSEC filing
2024-02-14FundsmithGOOGLALPHABET INCCAP STK CL ADecreased-7.5%4.10% -0.4 ppSEC filing
2024-02-14FundsmithNIKE INCNIKE INCCL BUnchanged-0.3%3.04% +0.1 ppSEC filing
2024-02-14FundsmithPROCTER & GAMBLE COPROCTER & GAMBLE COCOMUnchanged-0.1%2.97% -0.2 ppSEC filing
2024-02-14FundsmithMETTLER TOLEDO INTERNATIONALMETTLER TOLEDO INTERNATIONALCOMUnchanged-0.2%2.88% +0.0 ppSEC filing
2024-02-14FundsmithCHURCH & DWIGHT CO INCCHURCH & DWIGHT CO INCCOMUnchanged-0.1%2.88% -0.2 ppSEC filing
2024-02-14FundsmithBROWN FORMAN CORPBROWN FORMAN CORPCL BDecreased-3.6%2.79% -0.4 ppSEC filing
2024-02-14FundsmithOTIS WORLDWIDE CORPOTIS WORLDWIDE CORPCOMUnchanged-0.1%2.41% +0.1 ppSEC filing
2024-02-14FundsmithFORTINET INCFORTINET INCCOMIncreased+48.9%1.80% +0.5 ppSEC filing
2024-02-14FundsmithAAPLAPPLE INCCOMUnchanged+0.1%1.08% +0.0 ppSEC filing
2024-02-14FundsmithVRSNVERISIGN INCCOMDecreased-1.3%0.57% -0.0 ppSEC filing
2024-02-14FundsmithVERISK ANALYTICS INCVERISK ANALYTICS INCCOMDecreased-1.3%0.52% -0.0 ppSEC filing
2024-02-14FundsmithQUALYS INCQUALYS INCCOMDecreased-4.6%0.51% +0.1 ppSEC filing
2024-02-14FundsmithEQUIFAX INCEQUIFAX INCCOMDecreased-1.3%0.50% +0.1 ppSEC filing
2024-02-14FundsmithMSCIMSCI INCCOMDecreased-1.3%0.49% +0.0 ppSEC filing
2024-02-14FundsmithGRACO INCGRACO INCCOMDecreased-1.3%0.44% +0.0 ppSEC filing
2024-02-14FundsmithSABRE CORPSABRE CORPCOMDecreased-1.3%0.41% -0.1 ppSEC filing
2024-02-14FundsmithEXPONENT INCEXPONENT INCCOMDecreased-1.3%0.40% -0.0 ppSEC filing
2024-02-14FundsmithCLOROX CO DELCLOROX CO DELCOMNew—0.36% +0.4 ppSEC filing
2024-02-14FundsmithCOGNEX CORPCOGNEX CORPCOMDecreased-1.3%0.35% -0.0 ppSEC filing
2024-02-14FundsmithIDEX CORPIDEX CORPCOMDecreased-1.3%0.35% -0.0 ppSEC filing
2024-02-14FundsmithROLLINS INCROLLINS INCCOMDecreased-1.3%0.31% +0.0 ppSEC filing
2024-02-14FundsmithIPG PHOTONICS CORPIPG PHOTONICS CORPCOMDecreased-1.3%0.25% -0.0 ppSEC filing
2024-02-14FundsmithHDHOME DEPOT INCCOMIncreased+1.5%0.22% +0.0 ppSEC filing
2024-02-14FundsmithODDITY TECH LTDODDITY TECH LTDSHS CL AIncreased+92.1%0.22% +0.1 ppSEC filing
2024-02-14FundsmithZOETIS INCZOETIS INCCL AIncreased+1.5%0.19% +0.0 ppSEC filing
2024-02-14FundsmithJOHNSON & JOHNSONJOHNSON & JOHNSONCOMIncreased+1.5%0.18% -0.0 ppSEC filing
2024-02-14FundsmithPAYCOM SOFTWARE INCPAYCOM SOFTWARE INCCOMDecreased-1.3%0.14% -0.1 ppSEC filing
2024-02-14FundsmithMCDMCDONALDS CORPCOMUnchanged+0.2%0.11% +0.0 ppSEC filing
2024-02-14FundsmithMAMASTERCARD INCORPORATEDCL AIncreased+1.5%0.11% +0.0 ppSEC filing

Latest changes

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FiledInvestorStockChangeShares ΔWeightSource
2024-02-14FundsmithMSFTMICROSOFT CORPCOMDecreased-8.2%12.50% +0.1 ppSEC filing
2024-02-14FundsmithIDXXIDEXX LABS INCCOMDecreased-7.9%6.34% +0.5 ppSEC filing
2024-02-14FundsmithADPAUTOMATIC DATA PROCESSING INCOMIncreased+5.4%5.67% -0.4 ppSEC filing
2024-02-14FundsmithMCCORMICK & CO INCMCCORMICK & CO INCCOM NON VTGDecreased-1.5%4.32% -0.9 ppSEC filing
2024-02-14FundsmithGOOGLALPHABET INCCAP STK CL ADecreased-7.5%4.10% -0.4 ppSEC filing
2024-02-14FundsmithBROWN FORMAN CORPBROWN FORMAN CORPCL BDecreased-3.6%2.79% -0.4 ppSEC filing
2024-02-14FundsmithFORTINET INCFORTINET INCCOMIncreased+48.9%1.80% +0.5 ppSEC filing
2024-02-14FundsmithVRSNVERISIGN INCCOMDecreased-1.3%0.57% -0.0 ppSEC filing
2024-02-14FundsmithVERISK ANALYTICS INCVERISK ANALYTICS INCCOMDecreased-1.3%0.52% -0.0 ppSEC filing
2024-02-14FundsmithQUALYS INCQUALYS INCCOMDecreased-4.6%0.51% +0.1 ppSEC filing
2024-02-14FundsmithEQUIFAX INCEQUIFAX INCCOMDecreased-1.3%0.50% +0.1 ppSEC filing
2024-02-14FundsmithMSCIMSCI INCCOMDecreased-1.3%0.49% +0.0 ppSEC filing

Portfolio history

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QuarterPositionsDisclosed long share value
2026 Q241$13.65B
2026 Q134$12.83B
2025 Q437$17.12B
2025 Q335$19.80B
2025 Q239$23.02B
2025 Q138$21.97B
2024 Q438$23.46B
2024 Q340$25.28B
2024 Q240$24.54B
2024 Q140$25.55B
2023 Q440$23.89B
2023 Q339$22.01B
2023 Q239$23.83B
2023 Q140$23.17B
2022 Q438$21.90B
2022 Q346$21.07B
2022 Q243$22.66B
2022 Q144$29.12B
2021 Q444$40.98B
2021 Q343$36.17B

Sources & reporting managers

Fundsmith LLP · SEC

Original filings & information tables

0001520023-24-000014

HOLDWISE LETTER · 2026 Q2

Quarterly holdings review

Shared holdings, position changes and the original filings.