Fundsmith LLP

Managed by Terry Smith. $17.12B disclosed long-equity portfolio across 37 positions.

#StockValue% of Portfolio
1WATERS CORP$1.35B7.90%
2STRYKER CORPORATION$1.30B7.57%
3IDEXX LABS INC$1.27B7.42%
4VISA INC$1.24B7.24%
5MARRIOTT INTL INC NEW$1.23B7.21%
6ALPHABET INC$1.10B6.40%
7AUTOMATIC DATA PROCESSING IN$1.07B6.28%
8MICROSOFT CORP$1.01B5.88%
9PHILIP MORRIS INTL INC$982.4M5.74%
10META PLATFORMS INC$900.1M5.26%
11METTLER TOLEDO INTERNATIONAL$809.3M4.73%
12PROCTER AND GAMBLE CO$608.8M3.56%
13CHURCH AND DWIGHT CO INC$564.2M3.30%
14FORTINET INC$517.4M3.02%
15ZOETIS INC$490.8M2.87%
16TEXAS INSTRS INC$455.2M2.66%
17INTUIT$414.4M2.42%
18NIKE INC$367.6M2.15%
19OTIS WORLDWIDE CORP$271.9M1.59%
20MSCI INC$95.6M0.56%
21ROLLINS INC$88.7M0.52%
22QUALYS INC$86.1M0.50%
23PAYCOM SOFTWARE INC$83.4M0.49%
24ODDITY TECH LTD$83.3M0.49%
25CATALYST PHARMACEUTICALS INC$78.5M0.46%

For full quarterly history, transactions, and the investor profile, see Terry Smith's page →

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Fundsmith LLP — overview

Terry Smith runs Fundsmith LLP, a multi-strategy investment firm tracked here via SEC 13F filings. As of the Q4 2025 13F filing, the disclosed long-equity portfolio is valued at $17.1B across 37 positions. The largest holdings are WATERS CORP, STRYKER CORPORATION, and IDEXX LABS INC (WATERS CORP alone is 7.9% of the book).

Key takeaways

  • Disclosed Q4 2025 portfolio: $17.1B.
  • Top holdings: WATERS CORP, STRYKER CORPORATION, and IDEXX LABS INC.