Fundsmith 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 38 US equity positions worth $22.0bn in its Q1 2025 13F filing. The largest position was META at 10.2% of the reported book, followed by MSFT and SYK. Against the Q4 2024 filing, it opened 2 new positions, added to 5 and reduced 14 among the top 38 holdings.
What did Fundsmith own in Q1 2025? Top 38 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | META META PLATFORMS INC | Communication Services | 10.2% | $2.2bn | 3,883,796 | -15% | reduced |
| 2 | MSFT MICROSOFT CORP | Technology | 9.2% | $2.0bn | 5,370,162 | -13% | reduced |
| 3 | SYK STRYKER CORPORATION | Healthcare | 8.6% | $1.9bn | 5,069,187 | -5% | reduced |
| 4 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 7.8% | $1.7bn | 10,805,892 | -4% | reduced |
| 5 | V VISA INC | Financial Services | 6.6% | $1.4bn | 4,137,024 | -11% | reduced |
| 6 | ADP AUTOMATIC DATA PROCESSING IN | Technology | 6.3% | $1.4bn | 4,513,899 | -10% | reduced |
| 7 | WAT WATERS CORP | Healthcare | 6.1% | $1.3bn | 3,613,197 | -1% | reduced |
| 8 | IDXX IDEXX LABS INC | Healthcare | 5.1% | $1.1bn | 2,648,331 | -1% | reduced |
| 9 | GOOGL ALPHABET INC | Communication Services | 4.8% | $1.1bn | 6,843,213 | -0% | held |
| 10 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 4.6% | $1.0bn | 4,251,560 | -0% | held |
| 11 | FTNT FORTINET INC | Technology | 3.7% | $820.4m | 8,523,040 | -0% | held |
| 12 | PG PROCTER AND GAMBLE CO | Consumer Defensive | 3.6% | $787.4m | 4,620,406 | -0% | held |
| 13 | CHD CHURCH & DWIGHT CO INC | Consumer Defensive | 3.4% | $753.8m | 6,847,486 | -0% | held |
| 14 | MTD METTLER TOLEDO INTERNATIONAL | Healthcare | 3.2% | $697.7m | 590,838 | -0% | held |
| 15 | OTIS OTIS WORLDWIDE CORP | Industrials | 2.8% | $605.4m | 5,866,737 | -2% | reduced |
| 16 | TXN TEXAS INSTRS INC | Technology | 2.2% | $489.8m | 2,725,812 | 60% | added |
| 17 | ZTS ZOETIS INC | Healthcare | 1.9% | $419.3m | 2,546,487 | 1020% | added |
| 18 | NKE NIKE INC | Consumer Cyclical | 1.8% | $389.5m | 6,135,629 | 0% | held |
| 19 | BF/B BROWN FORMAN CORP | 1.5% | $327.1m | 9,637,881 | 0% | held | |
| 20 | VRSN VERISIGN INC | Technology | 0.7% | $144.7m | 570,035 | -9% | reduced |
| 21 | INTU INTUIT | Technology | 0.5% | $111.5m | 181,628 | – | new |
| 22 | VRSK VERISK ANALYTICS INC | Industrials | 0.4% | $98.4m | 330,624 | -21% | reduced |
| 23 | CHH CHOICE HOTELS INTL INC | Consumer Cyclical | 0.4% | $97.4m | 733,892 | 0% | held |
| 24 | GGG GRACO INC | Industrials | 0.4% | $95.2m | 1,139,641 | 0% | held |
| 25 | MSCI MSCI INC | Financial Services | 0.4% | $94.2m | 166,619 | 0% | held |
| 26 | QLYS QUALYS INC | Technology | 0.4% | $90.5m | 718,602 | 31% | added |
| 27 | PAYC PAYCOM SOFTWARE INC | Technology | 0.4% | $90.3m | 413,510 | 28% | added |
| 28 | CLX CLOROX CO DEL | Consumer Defensive | 0.4% | $90.3m | 613,497 | 0% | held |
| 29 | ROL ROLLINS INC | Consumer Cyclical | 0.4% | $86.3m | 1,597,513 | 0% | held |
| 30 | ODD ODDITY TECH LTD | Consumer Defensive | 0.3% | $69.9m | 1,615,158 | 0% | held |
| 31 | DOCS DOXIMITY INC | Healthcare | 0.3% | $69.0m | 1,189,882 | 67% | added |
| 32 | EXPO EXPONENT INC | Industrials | 0.3% | $67.8m | 836,477 | 0% | held |
| 33 | SABR SABRE CORP | Technology | 0.3% | $60.4m | 21,499,095 | 0% | held |
| 34 | EFX EQUIFAX INC | Industrials | 0.3% | $57.4m | 235,505 | -35% | reduced |
| 35 | CATALYST PHARMACEUTICALS INC | 0.2% | $52.2m | 2,151,274 | – | new | |
| 36 | HD HOME DEPOT INC | Consumer Cyclical | 0.2% | $42.0m | 114,736 | -21% | reduced |
| 37 | MEDP MEDPACE HLDGS INC | Healthcare | 0.2% | $38.9m | 127,537 | 0% | held |
| 38 | MA MASTERCARD INCORPORATED | Financial Services | 0.1% | $27.1m | 49,454 | -23% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.