Asset manager, long-only 13F filer
Fundsmith
US long stock positions, not assets under management
Form 13F-HR, filed 14 August 2026
Fundsmith has stopped filing, or filed late: its most recent 13F in our EDGAR ingest was filed 14 August 2026, covering the quarter ended 30 June 2026 — 1 reporting quarter behind the newest filing among managers we track. Everything below is that last filing, not a current portfolio.
How has Fundsmith's portfolio moved against the S&P 500?
Fundsmith's latest 13F filing covers the quarter ended 30 June 2026 and was filed 14 August 2026 (45 days after quarter end): 41 disclosed US-listed positions — 13.6B USD in long stock. Thirteen new buys, two adds, eleven trims and six exits against the prior quarter. Holdings are up to 45 days old by the time they clear EDGAR.
Since Sept 2025Fundsmith -31%S&P 500 from Dec 2025 +9%
The line rebuilds Fundsmith's disclosed 13F holdings at each filing and holds them to the next, tracked against the S&P 500 where daily price history overlaps. Long US equity only — an illustrative read, not an audited return.
Since Sept 2024Fundsmith -46%S&P 500 from Dec 2025 +9%
The line rebuilds Fundsmith's disclosed 13F holdings at each filing and holds them to the next, tracked against the S&P 500 where daily price history overlaps. Long US equity only — an illustrative read, not an audited return.
- Long stock value
- 13.6B USD
- Positions
- 41
- Top holding
- MAR, 7.0%
- Top sector
- Technology 33%
- New buys, Q2 2026
- 13
- Exits, Q2 2026
- 6
Values as reported, as of Q2 2026
Top holdings — quarter ended 30 June 2026
41 US-listed positions were disclosed for the quarter ended 30 June 2026; the 15 largest by reported value are below.
Source: SEC EDGAR Form 13F-HR, as filed.
| Position | Value | Weight | Shares | Last quarter |
|---|---|---|---|---|
| MARMARRIOTT INTL INC NEW | 958.3M USD | 7.0% | 2.6M | Held |
| SYKSTRYKER CORPORATION | 917.4M USD | 6.7% | 2.9M | Held |
| WATWATERS CORP | 852.7M USD | 6.2% | 2.3M | Trimmed |
| VVISA INC | 693.0M USD | 5.1% | 2.0M | Trimmed |
| UBERUBER TECHNOLOGIES INC | 645.3M USD | 4.7% | 8.9M | New buy |
| MAMASTERCARD INCORPORATED | 639.5M USD | 4.7% | 1.2M | New buy |
| GOOGLALPHABET INC | 633.7M USD | 4.6% | 1.8M | Trimmed |
| CHDCHURCH & DWIGHT CO INC | 625.5M USD | 4.6% | 6.5M | Held |
| PGPROCTER & GAMBLE CO | 598.1M USD | 4.4% | 4.1M | Held |
| MSFTMICROSOFT CORP | 595.6M USD | 4.4% | 1.6M | Held |
| METAMETA PLATFORMS INC | 592.5M USD | 4.3% | 1.1M | Held |
| ADPAUTOMATIC DATA PROCESSING IN | 582.6M USD | 4.3% | 2.6M | Trimmed |
| FTNTFORTINET INC | 557.6M USD | 4.1% | 3.6M † | Trimmed |
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 548.5M USD | 4.0% | 1.1M | New buy |
| IDXXIDEXX LABS INC | 536.9M USD | 3.9% | 1.0M | Trimmed |
† Share count moved sharply against value during the quarter — likely a stock split in the reporting, not a real position change.
Quarterly changes — quarter ended 30 June 2026
32 changes vs the prior quarter's filing, as of 30 June 2026: 13 new, 2 added, 11 trimmed and 6 sold out.
What changed against the previous quarter's filing: new positions first, then adds, trims and exits, each sorted by position size.
New buys 13Adds 2Trims 11Exits 6
| Position | Change | Shares moved | Value after |
|---|---|---|---|
| UBERUBER TECHNOLOGIES INC | New buy | +8.9M | 645.3M USD |
| MAMASTERCARD INCORPORATED | New buy | +1.2M | 639.5M USD |
| TSMTAIWAN SEMICONDUCTOR MANUFAC | New buy | +1.1M | 548.5M USD |
| NFLXNETFLIX INC. | New buy | +7.0M | 499.1M USD |
| GEVGE VERNOVA INC | New buy | +409.8K | 481.5M USD |
| APPAPPLOVIN CORP | New buy | +696.6K | 358.9M USD |
| TJXTJX COS INC NEW | New buy | +2.3M | 344.3M USD |
| NXTNEXTPOWER INC | New buy | +2.9M | 340.3M USD |
| VEEVVEEVA SYS INC | New buy | +816.8K | 145.0M USD |
| YUMYUM BRANDS INC | New buy | +556.1K | 88.9M USD |
| FICOFAIR ISAAC CORP | New buy | +18.0K | 21.4M USD |
| IDCCINTERDIGITAL INC | New buy | +60.3K | 17.1M USD |
| ORLYOREILLY AUTOMOTIVE INC | New buy | +162.7K | 15.0M USD |
| MANHMANHATTAN ASSOCIATES INC | Added | +52.1K | 24.1M USD |
| NSSCNAPCO SEC TECHNOLOGIES INC | Added | +223.4K | 23.1M USD |
| WATWATERS CORP | Trimmed | −938.4K | 852.7M USD |
| VVISA INC | Trimmed | −1.1M | 693.0M USD |
| GOOGLALPHABET INC | Trimmed | −1.2M | 633.7M USD |
| ADPAUTOMATIC DATA PROCESSING IN | Trimmed | −1.3M | 582.6M USD |
| FTNTFORTINET INC | Trimmed | −2.5M | 557.6M USD |
| IDXXIDEXX LABS INC | Trimmed | −445.9K | 536.9M USD |
| TXNTEXAS INSTRS INC | Trimmed | −823.9K | 536.3M USD |
| PMPHILIP MORRIS INTL INC | Trimmed | −2.2M | 527.1M USD |
| VRTVERTIV HOLDINGS CO | Trimmed | −49.4K | 14.0M USD |
| VRSNVERISIGN INC | Trimmed | −57.8K | 14.0M USD |
| PAYCPAYCOM SOFTWARE INC | Trimmed | −118.7K | 12.7M USD |
| MTDMETTLER TOLEDO INTERNATIONAL | Sold out | −568.5K | was 717.0M USD |
| ZTSZOETIS INC | Sold out | −3.9M | was 458.4M USD |
| OTISOTIS WORLDWIDE CORP | Sold out | −2.7M | was 210.6M USD |
| CPRXCATALYST PHARMACEUTICALS INC | Sold out | −844.9K | was 20.9M USD |
| QLYSQUALYS INC | Sold out | −226.1K | was 19.9M USD |
| HDHOME DEPOT INC | Sold out | −28.6K | was 9.4M USD |
Sector allocation
Technology carries the largest share of disclosed value, at 33%.
Weights are by reported value of the quarter-end holdings; sectors from the reference list, unclassified where none matched.
| Sector | Weight | Holdings |
|---|---|---|
| Technology | 33% | APP, BMI, FICO, FTNT, GOOGL, MANH, MSFT, NTNX, NXT, PAYC, SABR, TSM, TXN, UBER, VEEV, VRSN |
| Healthcare | 17% | ADMA, DOCS, IDXX, MEDP, SYK, WAT |
| Consumer Cyclical | 14% | MAR, NFLX, ORLY, TJX, YUM |
| Consumer Defensive | 13% | CHD, CLX, PG, PM |
| Financial Services | 10% | MA, MSCI, V |
| Industrials | 5% | ADP, NSSC, ROL, VRT |
| Communication Services | 4% | IDCC, META |
| Utilities | 4% | GEV |
Fundsmith: frequently asked questions
What is Fundsmith's biggest holding?
As of the quarter ended 30 June 2026, the largest disclosed position was MAR (MARRIOTT INTL INC NEW), about 7.0% of the disclosed US-listed portfolio by reported value.
What did Terry Smith's Fundsmith buy in Q2 2026?
13 new positions were disclosed for the quarter ended 30 June 2026; the largest were UBER, MA, TSM. Adds and trims are listed in the quarterly-changes table on this page.
How concentrated is the portfolio?
Broadly diversified. The top five positions are 30% of disclosed value and the top ten are 52%.
When is Fundsmith's next 13F due?
13F filings for the quarter ended 30 September 2026 are due by 16 November 2026 — managers have 45 days after each calendar quarter ends. Whether Fundsmith files is up to the manager; we show whatever EDGAR receives.
Does this show the whole portfolio?
No. Form 13F covers US-listed long equity and some options only — no short bets, bonds, cash, private businesses, non-US holdings or timing inside the quarter. Amended filings replace originals; this page always shows the latest canonical version.
Read the form itself on SEC EDGAR or see our plain-words guide to 13F filings — Fundsmith may have already changed these positions since 30 June 2026.
References
- SEC EDGAR Form 13F-HR, quarterly, up to 45 days delayed. Filings are public records. Ticker mapping via SEC public files and OpenFIGI.
- Finazon prior-day close, indicative (IEX-derived, not the official close), some closes dollar-rounded at the source