Terry Smith’s portfolio: Fundsmith 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001569205
Latest filing in brief
In its Q2 2026 13F, filed August 14, 2026, Fundsmith reported $13.6B across 41 US positions. The largest: MAR (7.0%), SYK (6.7%), WAT (6.3%), V (5.1%), UBER (4.7%). In the quarter it opened 13 positions, sold out of 6, added to 4 and trimmed 21; positions opened and sold out came to 42.2% of the portfolio's value.
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed Aug 14, 2026
- 13 New
- 4 Added
- 21 Trimmed
- 6 Exited
41 positions at June 30, 2026. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | MAR | MARRIOTT INTL INC NEW | $958M | 2.6M | 7.02% | −23.3% | Trimmed |
| 2 | SYK | STRYKER CORPORATION | $917M | 2.9M | 6.72% | −4.8% | Trimmed |
| 3 | WAT | WATERS CORP | $853M | 2.3M | 6.25% | −29.2% | Trimmed |
| 4 | V | VISA INC | $693M | 2.0M | 5.08% | −34.9% | Trimmed |
| 5 | UBER | UBER TECHNOLOGIES INC | $645M | 8.9M | 4.73% | — | New |
| 6 | MA | MASTERCARD INCORPORATED | $639M | 1.2M | 4.69% | — | New |
| 7 | GOOGL | ALPHABET INC | $634M | 1.8M | 4.64% | −40.0% | Trimmed |
| 8 | CHD | CHURCH & DWIGHT CO INC | $626M | 6.5M | 4.58% | −2.8% | Trimmed |
| 9 | PG | PROCTER & GAMBLE CO | $598M | 4.1M | 4.38% | −2.9% | Trimmed |
| 10 | MSFT | MICROSOFT CORP | $596M | 1.6M | 4.36% | −23.2% | Trimmed |
| 11 | META | META PLATFORMS INC | $593M | 1.1M | 4.34% | −20.4% | Trimmed |
| 12 | ADP | AUTOMATIC DATA PROCESSING IN | $583M | 2.6M | 4.27% | −32.5% | Trimmed |
| 13 | FTNT | FORTINET INC | $558M | 3.6M | 4.09% | −41.0% | Trimmed |
| 14 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $548M | 1.1M | 4.02% | — | New |
| 15 | IDXX | IDEXX LABS INC | $537M | 1.0M | 3.93% | −30.4% | Trimmed |
| 16 | TXN | TEXAS INSTRS INC | $536M | 1.8M | 3.93% | −31.4% | Trimmed |
| 17 | PM | PHILIP MORRIS INTL INC | $527M | 2.9M | 3.86% | −43.0% | Trimmed |
| 18 | NFLX | NETFLIX INC. | $499M | 7.0M | 3.66% | — | New |
| 19 | GEV | GE VERNOVA INC | $481M | 409.8K | 3.53% | — | New |
| 20 | APP | APPLOVIN CORP | $359M | 696.6K | 2.63% | — | New |
| 21 | TJX | TJX COS INC NEW | $344M | 2.3M | 2.52% | — | New |
| 22 | NXT | NEXTPOWER INC | $340M | 2.9M | 2.49% | — | New |
| 23 | VEEV | VEEVA SYS INC | $145M | 816.8K | 1.06% | — | New |
| 24 | YUM | YUM BRANDS INC | $89M | 556.1K | 0.65% | — | New |
| 25 | MSCI | MSCI INC | $30M | 53.6K | 0.22% | −17.3% | Trimmed |
| 26 | MEDP | MEDPACE HLDGS INC | $28M | 52.4K | 0.20% | −16.4% | Trimmed |
| 27 | NTNX | NUTANIX INC | $27M | 538.3K | 0.20% | −6.8% | Trimmed |
| 28 | BMI | BADGER METER INC | $26M | 174.6K | 0.19% | +22.6% | Added |
| 29 | CLX | CLOROX CO DEL | $26M | 271.3K | 0.19% | +5.5% | Added |
| 30 | ROL | ROLLINS INC | $26M | 619.9K | 0.19% | 0.0% | Held |
| 31 | MANH | MANHATTAN ASSOCIATES INC | $24M | 173.0K | 0.18% | +43.1% | Added |
| 32 | NSSC | NAPCO SEC TECHNOLOGIES INC | $23M | 607.0K | 0.17% | +58.2% | Added |
| 33 | FICO | FAIR ISAAC CORP | $21M | 18.0K | 0.16% | — | New |
| 34 | SABR | SABRE CORP | $19M | 9.0M | 0.14% | 0.0% | Held |
| 35 | IDCC | INTERDIGITAL INC | $17M | 60.3K | 0.13% | — | New |
| 36 | ORLY | OREILLY AUTOMOTIVE INC | $15M | 162.7K | 0.11% | — | New |
| 37 | VRT | VERTIV HOLDINGS CO | $14M | 41.9K | 0.10% | −54.1% | Trimmed |
| 38 | VRSN | VERISIGN INC | $14M | 55.7K | 0.10% | −50.9% | Trimmed |
| 39 | ADMA | ADMA BIOLOGICS INC | $14M | 1.6M | 0.10% | 0.0% | Held |
| 40 | DOCS | DOXIMITY INC | $14M | 653.3K | 0.10% | −5.6% | Trimmed |
| 41 | PAYC | PAYCOM SOFTWARE INC | $13M | 100.8K | 0.09% | −54.1% | Trimmed |
6 exited positions
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
Every quarter on file (54)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.