Fundsmith (Terry Smith)
Fundsmith LLP · CIK 0001569205 · LONDON, X0 · Quarter end: 2026-06-30 · Filed on: 2026-08-14 · Open the SEC source ↗Growth Investor
Portfolio Value (AUM)Total value of the fund's US stock portfolio reported to the SEC.
$13.65B
2026 Q2
Positions
41
Top-10 ConcentrationHow much of the portfolio sits in the 10 largest holdings. High = concentrated bets.
52.5%
Est. Net Flow (Q)
—
2026 Q2
AUM History
Quarterly History · 40 Quarter
| Quarter | Filed | Holdings | Total Value | Turnover % | Top 10 |
|---|---|---|---|---|---|
| 2026 Q2 | 2026-08-14 | 41 | $13.65B | 42.2% | MAR, SYK, WAT, V, UBER, MA, GOOGL, CHD, PG, MSFT |
| 2026 Q1 | 2026-05-15 | 34 | $12.83B | 6.2% | MAR, SYK, WAT, V, GOOGL, PM, IDXX, ADP, MSFT, META |
| 2025 Q4 | 2026-02-17 | 37 | $17.12B | 0.6% | WAT, SYK, IDXX, V, MAR, GOOGL, ADP, MSFT, PM, META |
| 2025 Q3 | 2025-11-14 | 35 | $19.80B | 1.0% | SYK, IDXX, GOOGL, MSFT, V, ADP, WAT, PM, META, MAR |
| 2025 Q2 | 2025-08-14 | 39 | $23.02B | 2.5% | META, MSFT, SYK, PM, IDXX, V, ADP, WAT, GOOGL, MAR |
| 2025 Q1 | 2025-05-15 | 38 | $21.97B | 4.8% | META, MSFT, SYK, PM, V, ADP, WAT, IDXX, GOOGL, MAR |
| 2024 Q4 | 2025-02-14 | 38 | $23.46B | 2.8% | META, MSFT, SYK, ADP, V, PM, WAT, GOOGL, MAR, IDXX |
| 2024 Q3 | 2024-11-14 | 40 | $25.28B | 0.0% | MSFT, META, SYK, ADP, V, PM, IDXX, WAT, GOOGL, MAR |
| 2024 Q2 | 2024-08-14 | 40 | $24.54B | 0.0% | MSFT, META, SYK, PM, V, ADP, IDXX, GOOGL, WAT, MAR |
| 2024 Q1 | 2024-05-15 | 40 | $25.55B | 1.6% | MSFT, META, SYK, V, IDXX, ADP, PM, WAT, MAR, GOOGL |
| 2023 Q4 | 2024-02-14 | 40 | $23.89B | 0.4% | MSFT, META, SYK, IDXX, V, PM, ADP, WAT, PEP, MKC |
| 2023 Q3 | 2023-11-14 | 39 | $22.01B | 5.3% | MSFT, SYK, META, PM, ADP, V, IDXX, MKC, PEP, WAT |
| 2023 Q2 | 2023-08-14 | 39 | $23.83B | 3.4% | MSFT, SYK, META, PM, IDXX, V, MKC, PEP, ADP, EL |
| 2023 Q1 | 2023-05-15 | 40 | $23.17B | 3.5% | MSFT, PM, SYK, IDXX, EL, MKC, V, ADP, PEP, META |
| 2022 Q4 | 2023-02-14 | 38 | $21.90B | 5.9% | MSFT, PM, EL, IDXX, SYK, ADP, MKC, WAT, PEP, V |
| 2022 Q3 | 2022-11-14 | 46 | $21.07B | 2.5% | MSFT, PM, EL, ADP, IDXX, PEP, SYK, MKC, V, WAT |
| 2022 Q2 | 2022-08-15 | 43 | $22.66B | 2.9% | MSFT, PM, EL, MKC, IDXX, WAT, SYK, PEP, ADP, V |
| 2022 Q1 | 2022-05-16 | 44 | $29.12B | 4.6% | MSFT, IDXX, EL, SYK, PM, MKC, INTU, PEP, ADP, V |
| 2021 Q4 | 2022-02-14 | 44 | $40.98B | 3.1% | MSFT, IDXX, EL, PYPL, INTU, META, PM, SYK, MKC, PEP |
| 2021 Q3 | 2021-11-12 | 43 | $36.17B | 6.4% | MSFT, PYPL, IDXX, INTU, META, EL, SYK, PM, WAT, PEP |
| 2021 Q2 | 2021-08-13 | 43 | $36.09B | 0.0% | PYPL, MSFT, IDXX, INTU, META, EL, PM, SYK, MKC, V |
| 2021 Q1 | 2021-05-14 | 42 | $31.44B | 0.4% | PYPL, MSFT, IDXX, EL, META, INTU, PM, SYK, MKC, PEP |
| 2020 Q4 | 2021-02-12 | 39 | $30.17B | 2.0% | PYPL, MSFT, IDXX, EL, META, INTU, SYK, PM, MKC, PEP |
| 2020 Q3 | 2020-11-12 | 36 | $25.60B | 0.1% | MSFT, PYPL, META, IDXX, INTU, EL, MKC, PM, SYK, PEP |
| 2020 Q2 | 2020-08-12 | 34 | $22.92B | 1.7% | MSFT, PYPL, META, IDXX, INTU, PM, MKC, EL, V, PEP |
| 2020 Q1 | 2020-05-14 | 34 | $17.77B | 1.9% | MSFT, PM, PYPL, EL, META, IDXX, INTU, MKC, SYK, V |
| 2019 Q4 | 2020-02-13 | 31 | $21.17B | 1.3% | MSFT, PYPL, PM, EL, META, SYK, MKC, INTU, V, IDXX |
| 2019 Q3 | 2019-11-12 | 31 | $19.56B | 6.5% | MSFT, PYPL, EL, SYK, PM, INTU, IDXX, META, WAT, MKC |
| 2019 Q2 | 2019-08-09 | 31 | $19.19B | 0.0% | PYPL, MSFT, META, IDXX, EL, INTU, PM, SYK, WAT, PEP |
| 2019 Q1 | 2019-05-13 | 31 | $17.60B | 0.9% | PYPL, MSFT, WAT, PM, INTU, SYK, EL, META, PEP, IDXX |
| 2018 Q4 | 2019-02-14 | 32 | $15.62B | 5.6% | MSFT, PYPL, IDXX, PM, META, INTU, BDX, SYK, WAT, EL |
| 2018 Q3 | 2018-11-09 | 17 | $14.91B | 18.1% | MSFT, PYPL, IDXX, PM, SYK, META, WAT, BDX, INTU, PEP |
| 2018 Q2 | 2018-08-22 | 17 | $13.44B | 17.9% | PYPL, MCD, META, IDXX, SYK, WAT, BDX, PM, PEP, INTU |
| 2018 Q1 | 2018-04-30 | 17 | $12.13B | 20.9% | PYPL, MSFT, SYK, PM, WAT, IDXX, META, BDX, PEP, INTU |
| 2017 Q4 | 2018-02-13 | 18 | $11.67B | 9.7% | PYPL, MSFT, 26138E109, WAT, 067383109, SYK, PM, PEP, IDXX, V |
| 2017 Q3 | 2017-11-14 | 17 | $10.33B | 10.0% | IDXX, MSFT, 067383109, WAT, SYK, PM, 26138E109, PEP, ADP, JNJ |
| 2017 Q2 | 2017-08-14 | 19 | $9.54B | 1.6% | 067383109, PYPL, MSFT, SYK, IDXX, WAT, PEP, PM, JNJ, ADP |
| 2017 Q1 | 2017-05-05 | 18 | $8.61B | 0.0% | IDXX, SYK, MSFT, 067383109, PEP, PM, PYPL, WAT, 26138E109, JNJ |
| 2016 Q4 | 2017-02-13 | 18 | $7.59B | 34.9% | MSFT, SYK, 067383109, IDXX, PEP, PYPL, 26138E109, JNJ, PM, SJM |
| 2016 Q3 | 2016-11-14 | 19 | $7.32B | — | MSFT, 67383109, IDXX, PEP, SJM, PYPL, PM, SYK, WAT, JNJ |
Share counts are split-adjusted. Time held counts consecutive quarters ending with the latest filing; more than ten years shows as ">10 Years".
Related managers
Five closest superinvestors by Jaccard overlap of tickers held in the latest quarter (computed nightly).
| Manager | Overlap | Shared holdings |
|---|---|---|
| Giverny Capital | 10.8% | MSFT, TSM, VEEV, V, ADP, META, GOOGL, MA +1 |
| Cantillon Capital Management | 9.7% | MSFT, TSM, YUM, V, GOOGL, UBER |
| Weitz Investment Management | 9.6% | MSFT, TSM, TXN, IDXX, V, META, MA, NFLX |
| Stockbridge Partners | 9.4% | TSM, VEEV, V, GOOGL, MA |
| Markel Group (Tom Gayner) | 9.3% | MAR, MSFT, PM, ROL, TXN, YUM, V, META +5 |
Read the 2026-Q2 quarterly report · 13F Filing Calendar
13F data shows quarter-end positions, is delayed by up to 45 days and covers only long positions in US-listed securities; short positions, most derivatives and non-US assets are not reported.