Fundsmith portfolio
Investment firm, London · 13F holdings for the quarter ended June 30, 2026
Filed with the SEC August 14, 2026 · Next filing due by November 14, 2026
Reported value
$13.6B
up from $12.8B in Q1 2026
Positions
41
34 last quarter
Top 10 holdings
52.5%
of the portfolio
This quarter
13 new · 6 sold
4 added to, 21 trimmed
What Fundsmith did in Q2 2026
Fundsmith opened 13 new positions, the largest Uber Technologies, Mastercard and Taiwan Semiconductor Manufacturing. It raised its stake in Napco Security Technologies by 58%. It sold out of 6 positions, among them Mettler Toledo International Inc/, Zoetis and Otis Worldwide. It cut Vertiv Holdings by 54%, Paycom Software by 54% and Verisign by 51%. Marriott International is still the largest holding, at 7.0% of the portfolio.
Biggest buys
- Uber Technologies UBERNew
- Mastercard MANew
- Taiwan Semiconductor Manufacturing TSMNew
- Netflix NFLXNew
- GE Vernova GEVNew
Biggest sells
- Mettler Toledo International Inc/ MTDSold out
- Zoetis ZTSSold out
- Otis Worldwide OTISSold out
- Catalyst Pharmaceuticals CPRXSold out
- Qualys QLYSSold out
Top 15 holdings
Values as reported in the 13F, not today’s prices| # | Company | Share of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|
| 1 | Marriott InternationalMAR | 7.0% | $958.3M | −23% | Q3 2024 or earlier |
| 2 | StrykerSYK | 6.7% | $917.4M | −5% | Q3 2024 or earlier |
| 3 | WatersWAT | 6.2% | $852.7M | −29% | Q3 2024 or earlier |
| 4 | VisaV | 5.1% | $693.0M | −35% | Q3 2024 or earlier |
| 5 | Uber TechnologiesUBER | 4.7% | $645.3M | New | Q2 2026 |
| 6 | MastercardMA | 4.7% | $639.5M | New | Q3 2024 or earlier |
| 7 | AlphabetGOOGL | 4.6% | $633.7M | −40% | Q3 2024 or earlier |
| 8 | Church & DwightCHD | 4.6% | $625.5M | −3% | Q3 2024 or earlier |
| 9 | Procter & GamblePG | 4.4% | $598.1M | −3% | Q3 2024 or earlier |
| 10 | MicrosoftMSFT | 4.4% | $595.6M | −23% | Q3 2024 or earlier |
| 11 | Meta PlatformsMETA | 4.3% | $592.5M | −20% | Q3 2024 or earlier |
| 12 | Automatic Data ProcessingADP | 4.3% | $582.6M | −33% | Q3 2024 or earlier |
| 13 | FortinetFTNT | 4.1% | $557.6M | −41% | Q3 2024 or earlier |
| 14 | Taiwan Semiconductor ManufacturingTSM | 4.0% | $548.5M | New | Q2 2026 |
| 15 | Idexx LaboratoriesIDXX | 3.9% | $536.9M | −30% | Q3 2024 or earlier |
26 more positions, plus every quarter’s holdings going back years.Request early access to see the full portfolio →
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Other value investors
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About this data
- What is a 13F?
- A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- How current is it?
- Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- Whose figures are these?
- The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- What does it leave out?
- Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.