Fundsmith: 13F holdings, Q2 2026
Quality compounder · SEC EDGAR filings (CIK 0001569205) · Explore on the interactive board
Fundsmith disclosed 41 US equity positions worth $13.6bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is MAR at 7.0% of the reported book, followed by SYK, WAT. The top ten holdings are 52.5% of the book, and the portfolio behaves like about 22 equal-weight positions. Versus the prior filing it opened 13 new positions, added to 4, reduced 21 and exited 6.
What does Fundsmith own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 13 new, 4 added, 21 reduced, 6 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 7.0% | $958.3m | 2,585,757 | -23% | reduced |
| 2 | SYK STRYKER CORPORATION | Healthcare | 6.7% | $917.4m | 2,913,833 | -5% | reduced |
| 3 | WAT WATERS CORP | Healthcare | 6.2% | $852.7m | 2,273,632 | -29% | reduced |
| 4 | V VISA INC | Financial Services | 5.1% | $693.0m | 2,019,810 | -35% | reduced |
| 5 | UBER UBER TECHNOLOGIES INC | Technology | 4.7% | $645.3m | 8,943,151 | – | new |
| 6 | MA MASTERCARD INCORPORATED | Financial Services | 4.7% | $639.5m | 1,245,051 | – | new |
| 7 | GOOGL ALPHABET INC | Communication Services | 4.6% | $633.7m | 1,773,354 | -40% | reduced |
| 8 | CHD CHURCH & DWIGHT CO INC | Consumer Defensive | 4.6% | $625.5m | 6,456,634 | -3% | reduced |
| 9 | PG PROCTER & GAMBLE CO | Consumer Defensive | 4.4% | $598.1m | 4,078,371 | -3% | reduced |
| 10 | MSFT MICROSOFT CORP | Technology | 4.4% | $595.6m | 1,596,737 | -23% | reduced |
| 11 | META META PLATFORMS INC | Communication Services | 4.3% | $592.5m | 1,051,876 | -20% | reduced |
| 12 | ADP AUTOMATIC DATA PROCESSING IN | Technology | 4.3% | $582.6m | 2,601,567 | -33% | reduced |
| 13 | FTNT FORTINET INC | Technology | 4.1% | $557.6m | 3,629,938 | -41% | reduced |
| 14 | TSM TAIWAN SEMICONDUCTOR MANUFAC | Technology | 4.0% | $548.5m | 1,148,449 | – | new |
| 15 | IDXX IDEXX LABS INC | Healthcare | 3.9% | $536.9m | 1,019,887 | -30% | reduced |
| 16 | TXN TEXAS INSTRS INC | Technology | 3.9% | $536.3m | 1,799,182 | -31% | reduced |
| 17 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 3.9% | $527.1m | 2,913,693 | -43% | reduced |
| 18 | NFLX NETFLIX INC. | Communication Services | 3.7% | $499.1m | 6,990,345 | – | new |
| 19 | GEV GE VERNOVA INC | Industrials | 3.5% | $481.5m | 409,835 | – | new |
| 20 | APP APPLOVIN CORP | Communication Services | 2.6% | $358.9m | 696,568 | – | new |
| 21 | TJX TJX COS INC NEW | Consumer Cyclical | 2.5% | $344.3m | 2,272,592 | – | new |
| 22 | NXT NEXTPOWER INC | Technology | 2.5% | $340.3m | 2,856,092 | – | new |
| 23 | VEEV VEEVA SYS INC | Healthcare | 1.1% | $145.0m | 816,785 | – | new |
| 24 | YUM YUM BRANDS INC | Consumer Cyclical | 0.7% | $88.9m | 556,107 | – | new |
| 25 | MSCI MSCI INC | Financial Services | 0.2% | $30.0m | 53,580 | -17% | reduced |
| 26 | MEDP MEDPACE HLDGS INC | Healthcare | 0.2% | $27.7m | 52,372 | -16% | reduced |
| 27 | NTNX NUTANIX INC | Technology | 0.2% | $27.4m | 538,281 | -7% | reduced |
| 28 | BMI BADGER METER INC | Technology | 0.2% | $25.9m | 174,627 | 23% | added |
| 29 | CLX CLOROX CO DEL | Consumer Defensive | 0.2% | $25.9m | 271,318 | 5% | added |
| 30 | ROL ROLLINS INC | Consumer Cyclical | 0.2% | $25.9m | 619,935 | 0% | held |
| 31 | MANH MANHATTAN ASSOCIATES INC | Technology | 0.2% | $24.1m | 172,977 | 43% | added |
| 32 | NSSC NAPCO SEC TECHNOLOGIES INC | Industrials | 0.2% | $23.1m | 606,974 | 58% | added |
| 33 | FICO FAIR ISAAC CORP | Technology | 0.2% | $21.4m | 17,953 | – | new |
| 34 | SABR SABRE CORP | Technology | 0.1% | $18.8m | 9,013,783 | 0% | held |
| 35 | IDCC INTERDIGITAL INC | Technology | 0.1% | $17.1m | 60,324 | – | new |
| 36 | ORLY OREILLY AUTOMOTIVE INC | Consumer Cyclical | 0.1% | $15.0m | 162,691 | – | new |
| 37 | VRT VERTIV HOLDINGS CO | Industrials | 0.1% | $14.0m | 41,893 | -54% | reduced |
| 38 | VRSN VERISIGN INC | Technology | 0.1% | $14.0m | 55,713 | -51% | reduced |
| 39 | ADMA ADMA BIOLOGICS INC | Healthcare | 0.1% | $13.8m | 1,649,493 | 0% | held |
| 40 | DOCS DOXIMITY INC | Healthcare | 0.1% | $13.5m | 653,324 | -6% | reduced |
| 41 | PAYC PAYCOM SOFTWARE INC | Technology | 0.1% | $12.7m | 100,763 | -54% | reduced |
What did Fundsmith sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| MTD METTLER TOLEDO INTERNATIONAL | 49.9% | $717.0m |
| ZTS ZOETIS INC | 31.9% | $458.4m |
| OTIS OTIS WORLDWIDE CORP | 14.7% | $210.6m |
| CATALYST PHARMACEUTICALS INC | 1.5% | $20.9m |
| QLYS QUALYS INC | 1.4% | $19.9m |
| HD HOME DEPOT INC | 0.7% | $9.4m |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 29.1% |
| Healthcare | 18.4% |
| Communication Services | 15.3% |
| Consumer Defensive | 13.0% |
| Consumer Cyclical | 10.5% |
| Financial Services | 10.0% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2026 | 41 | $13.6bn |
| Q1 2026 | 34 | $12.8bn |
| Q4 2025 | 37 | $17.1bn |
| Q3 2025 | 35 | $19.8bn |
| Q2 2025 | 39 | $23.0bn |
| Q1 2025 | 38 | $22.0bn |
| Q4 2024 | 38 | $23.5bn |
| Q3 2024 | 40 | $25.3bn |
| Q2 2024 | 40 | $24.5bn |
| Q1 2024 | 40 | $25.6bn |
| Q4 2023 | 40 | $23.9bn |
| Q3 2023 | 39 | $22.0bn |
| Q2 2023 | 39 | $23.8bn |
| Q1 2023 | 40 | $23.2bn |
| Q4 2022 | 38 | $21.9bn |
| Q3 2022 | 46 | $21.1bn |
Earliest filing: Q4 2012 · 55 quarters on file
How concentrated is Fundsmith's portfolio?
Across every quarter Fundsmith has filed, its median largest position is 9.9% of the book and its median top-ten weight is 68.8%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 73 completed holding spells, the median lasted 9.0 quarters; 41 positions are still open and their final length is unknown.