Institutional Manager · CIK 0001569205
Fundsmith LLP
LONDON, X0 · File #028-15226
Latest AUM
$17.12B
Positions
37
Top-10 Concentration
66.9%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | ALPHABET INC | GOOG | -2,790,833 | -$873.5M | +$439.6M |
| REDUCE | IDEXX LABS INC | 45168D104 | -734,422 | -$496.9M | +$98.3M |
| REDUCE | STRYKER CORPORATION | SYK | -903,782 | -$317.7M | -$83.6M |
| REDUCE | MICROSOFT CORP | MSFT | -503,398 | -$243.5M | -$88.7M |
| REDUCE | OTIS WORLDWIDE CORP | OTIS | -2,706,771 | -$236.4M | -$23.7M |
| REDUCE | PHILIP MORRIS INTL INC | 718172109 | -1,063,547 | -$170.6M | -$12.9M |
| REDUCE | FORTINET INC | FTNT | -1,904,081 | -$151.2M | -$39.3M |
| REDUCE | WATERS CORP | 941848103 | -397,520 | -$151.0M | +$316.5M |
| REDUCE | META PLATFORMS INC | META | -195,125 | -$128.8M | -$115.8M |
| REDUCE | VISA INC | V | -319,652 | -$112.1M | +$36.0M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202537 pos · $17.12B
- 13F HOLDINGS REPORTQ/E Sep 202535 pos · $19.80B
- 13F HOLDINGS REPORTQ/E Jun 202539 pos · $23.02B
- 13F HOLDINGS REPORTQ/E Mar 202538 pos · $21.97B
- 13F HOLDINGS REPORTQ/E Dec 202438 pos · $23.46B
- 13F HOLDINGS REPORTQ/E Sep 202440 pos · $25.28B
- 13F HOLDINGS REPORTQ/E Jun 202440 pos · $24.54B
- 13F HOLDINGS REPORTQ/E Mar 202440 pos · $25.55B
- 13F HOLDINGS REPORTQ/E Dec 202339 pos · $22.01B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | WATERS CORP | 941848103 | 3,557,978 | $1.35B | 7.90% |
| 2 | STRYKER CORPORATION | SYK | 3,687,511 | $1.30B | 7.57% |
| 3 | IDEXX LABS INC | 45168D104 | 1,876,035 | $1.27B | 7.42% |
| 4 | VISA INC | V | 3,534,684 | $1.24B | 7.24% |
| 5 | MARRIOTT INTL INC NEW | 571903202 | 3,979,927 | $1.23B | 7.21% |
| 6 | ALPHABET INC | GOOG | 3,498,519 | $1.10B | 6.40% |
| 7 | AUTOMATIC DATA PROCESSING IN | ADP | 4,177,969 | $1.07B | 6.28% |
| 8 | MICROSOFT CORP | MSFT | 2,079,971 | $1.01B | 5.88% |
| 9 | PHILIP MORRIS INTL INC | 718172109 | 6,124,597 | $982.4M | 5.74% |
| 10 | META PLATFORMS INC | META | 1,363,539 | $900.1M | 5.26% |
| 11 | METTLER TOLEDO INTERNATIONAL | MTD | 580,507 | $809.3M | 4.73% |
| 12 | PROCTER AND GAMBLE CO | 742718109 | 4,248,048 | $608.8M | 3.56% |
| 13 | CHURCH AND DWIGHT CO INC | CHD | 6,728,404 | $564.2M | 3.30% |
| 14 | FORTINET INC | FTNT | 6,516,011 | $517.4M | 3.02% |
| 15 | ZOETIS INC | ZTS | 3,900,803 | $490.8M | 2.87% |
| 16 | TEXAS INSTRS INC | 882508104 | 2,623,552 | $455.2M | 2.66% |
| 17 | INTUIT | INTU | 625,619 | $414.4M | 2.42% |
| 18 | NIKE INC | NKE | 5,770,181 | $367.6M | 2.15% |
| 19 | OTIS WORLDWIDE CORP | OTIS | 3,112,380 | $271.9M | 1.59% |
| 20 | MSCI INC | MSCI | 166,619 | $95.6M | 0.56% |