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Fundsmith

Superinvestor

Fundsmith LLP

SEC CIK
0001569205
Manager
Terry Smith
Style
Quality
Latest filing
Aug 14, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 14, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
35
−4 vs. Q2 2025
Portfolio value
$19.8B
−$3.22B (−14.0%) vs. Q2 2025
Filed
Nov 14, 2025
SEC
Holdings of Fundsmith in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
SYKStryker CorpStock4,591,293$1.70B8.6%−85,714−1.8%ReducedHistory
IDXXIDEXX Laboratories IncCOM2,610,457$1.67B8.4%−28,832−1.1%ReducedHistory
GOOGLAlphabet Inc.Stock6,289,352$1.53B7.7%−514,102−7.6%ReducedHistory
MSFTMicrosoft CorpStock2,583,369$1.34B6.8%−2,358,140−47.7%ReducedHistory
VVisa Inc.Stock3,854,336$1.32B6.6%+2650.0%AddedHistory
ADPAutomatic Data Processing IncStock4,311,603$1.27B6.4%−50,496−1.2%ReducedHistory
WATWaters CorpCOM3,955,498$1.19B6.0%+347,091+9.6%AddedHistory
PMPhilip Morris International Inc.Stock7,188,144$1.17B5.9%−1,886,051−20.8%ReducedHistory
METAMeta Platforms, Inc.Stock1,558,664$1.14B5.8%−2,010,088−56.3%ReducedHistory
MARMarriott International IncStock4,228,298$1.10B5.6%−8,301−0.2%ReducedHistory
MTDMettler Toledo International IncCOM590,654$725.1M3.7%+617+0.1%AddedHistory
FTNTFortinet, Inc.Stock8,420,092$708.0M3.6%+1,7300.0%AddedHistory
PGProcter & Gamble CoStock4,577,040$703.3M3.6%+4,760+0.1%AddedHistory
CHDChurch & Dwight Co IncCOM6,794,644$595.4M3.0%−29,645−0.4%ReducedHistory
OTISOtis Worldwide CorpStock5,819,151$532.0M2.7%00.0%UnchangedHistory
ZTSZoetis Inc.Stock3,615,131$529.0M2.7%+730,300+25.3%AddedHistory
TXNTexas Instruments IncStock2,721,881$500.1M2.5%+1,591+0.1%AddedHistory
NKENIKE, Inc.Stock6,129,483$427.4M2.2%00.0%UnchangedHistory
INTUIntuit Inc.Stock604,456$412.8M2.1%+235,916+64.0%AddedHistory
QLYSQualys, Inc.COM870,859$115.2M0.6%+152,257+21.2%AddedHistory
PAYCPaycom Software, Inc.Stock523,433$108.9M0.6%+109,923+26.6%AddedHistory
DOCSDoximity, Inc.CL A1,355,944$99.2M0.5%00.0%UnchangedHistory
MSCIMSCI Inc.Stock166,619$94.5M0.5%00.0%UnchangedHistory
VRTVertiv Holdings CoCOM CL A591,450$89.2M0.5%−133,473−18.4%ReducedHistory
ODDOddity Tech LtdSHS CL A1,416,956$88.3M0.4%00.0%UnchangedHistory
ROLRollins IncCOM1,478,629$86.9M0.4%00.0%UnchangedHistory
GGGGraco IncCOM900,545$76.5M0.4%00.0%UnchangedHistory
NSSCNapco Security Technologies, IncStock1,779,857$76.4M0.4%+824,945+86.4%AddedHistory
VRSNVerisign IncCOM270,634$75.7M0.4%00.0%UnchangedHistory
CLXClorox CoStock613,497$75.6M0.4%00.0%UnchangedHistory
CPRXCatalyst Pharmaceuticals, Inc.COM3,363,807$66.3M0.3%+654,721+24.2%AddedHistory
MEDPMedpace Holdings, Inc.COM127,537$65.6M0.3%00.0%UnchangedHistory
MANHManhattan Associates IncStock288,332$59.1M0.3%00.0%UnchangedHistory
SABRSabre CorpCOM21,499,095$39.3M0.2%00.0%UnchangedHistory
HDHome Depot, Inc.Stock84,860$34.4M0.2%+1,493+1.8%AddedHistory

Sold out since Q2 2025 (4)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Fundsmith sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
CHHChoice Hotels International IncCOM733,892$93.1M0.4%History
EXPOExponent IncCOM746,820$55.8M0.2%History
VRSKVerisk Analytics, Inc.COM176,195$54.9M0.2%History
MAMastercard IncStock27,663$15.5M0.1%History