Fundsmith 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 39 US equity positions worth $23.0bn in its Q2 2025 13F filing. The largest position was META at 11.4% of the reported book, followed by MSFT and SYK. Against the Q1 2025 filing, it opened 3 new positions, added to 4 and reduced 18 among the top 39 holdings.
What did Fundsmith own in Q2 2025? Top 39 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | META META PLATFORMS INC | Communication Services | 11.4% | $2.6bn | 3,568,752 | -8% | reduced |
| 2 | MSFT MICROSOFT CORP | Technology | 10.7% | $2.5bn | 4,941,509 | -8% | reduced |
| 3 | SYK STRYKER CORPORATION | Healthcare | 8.0% | $1.9bn | 4,677,007 | -8% | reduced |
| 4 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 7.2% | $1.7bn | 9,074,195 | -16% | reduced |
| 5 | IDXX IDEXX LABS INC | Healthcare | 6.2% | $1.4bn | 2,639,289 | -0% | held |
| 6 | V VISA INC | Financial Services | 5.9% | $1.4bn | 3,854,071 | -7% | reduced |
| 7 | ADP AUTOMATIC DATA PROCESSING IN | Technology | 5.8% | $1.3bn | 4,362,099 | -3% | reduced |
| 8 | WAT WATERS CORP | Healthcare | 5.5% | $1.3bn | 3,608,407 | -0% | held |
| 9 | GOOGL ALPHABET INC | Communication Services | 5.2% | $1.2bn | 6,803,454 | -1% | reduced |
| 10 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 5.0% | $1.2bn | 4,236,599 | -0% | held |
| 11 | FTNT FORTINET INC | Technology | 3.9% | $890.0m | 8,418,362 | -1% | reduced |
| 12 | PG PROCTER AND GAMBLE CO | Consumer Defensive | 3.2% | $728.5m | 4,572,280 | -1% | reduced |
| 13 | MTD METTLER TOLEDO INTERNATIONAL | Healthcare | 3.0% | $693.1m | 590,037 | -0% | held |
| 14 | CHD CHURCH & DWIGHT CO INC | Consumer Defensive | 2.8% | $655.9m | 6,824,289 | -0% | held |
| 15 | OTIS OTIS WORLDWIDE CORP | Industrials | 2.5% | $576.2m | 5,819,151 | -1% | reduced |
| 16 | TXN TEXAS INSTRS INC | Technology | 2.5% | $564.8m | 2,720,290 | -0% | held |
| 17 | ZTS ZOETIS INC | Healthcare | 2.0% | $449.9m | 2,884,831 | 13% | added |
| 18 | NKE NIKE INC | Consumer Cyclical | 1.9% | $435.4m | 6,129,483 | -0% | held |
| 19 | INTU INTUIT | Technology | 1.3% | $290.3m | 368,540 | 103% | added |
| 20 | ODD ODDITY TECH LTD | Consumer Defensive | 0.5% | $106.9m | 1,416,956 | -12% | reduced |
| 21 | QLYS QUALYS INC | Technology | 0.4% | $102.7m | 718,602 | 0% | held |
| 22 | MSCI MSCI INC | Financial Services | 0.4% | $96.1m | 166,619 | 0% | held |
| 23 | PAYC PAYCOM SOFTWARE INC | Technology | 0.4% | $95.7m | 413,510 | 0% | held |
| 24 | CHH CHOICE HOTELS INTL INC | Consumer Cyclical | 0.4% | $93.1m | 733,892 | 0% | held |
| 25 | VRT VERTIV HOLDINGS CO | Industrials | 0.4% | $93.1m | 724,923 | – | new |
| 26 | ROL ROLLINS INC | Consumer Cyclical | 0.4% | $83.4m | 1,478,629 | -7% | reduced |
| 27 | DOCS DOXIMITY INC | Healthcare | 0.4% | $83.2m | 1,355,944 | 14% | added |
| 28 | VRSN VERISIGN INC | Technology | 0.3% | $78.2m | 270,634 | -53% | reduced |
| 29 | GGG GRACO INC | Industrials | 0.3% | $77.4m | 900,545 | -21% | reduced |
| 30 | CLX CLOROX CO DEL | Consumer Defensive | 0.3% | $73.7m | 613,497 | 0% | held |
| 31 | SABR SABRE CORP | Technology | 0.3% | $67.9m | 21,499,095 | 0% | held |
| 32 | CATALYST PHARMACEUTICALS INC | 0.3% | $58.8m | 2,709,086 | 26% | added | |
| 33 | MANH MANHATTAN ASSOCIATES INC | Technology | 0.2% | $56.9m | 288,332 | – | new |
| 34 | EXPO EXPONENT INC | Industrials | 0.2% | $55.8m | 746,820 | -11% | reduced |
| 35 | VRSK VERISK ANALYTICS INC | Industrials | 0.2% | $54.9m | 176,195 | -47% | reduced |
| 36 | MEDP MEDPACE HLDGS INC | Healthcare | 0.2% | $40.0m | 127,537 | 0% | held |
| 37 | HD HOME DEPOT INC | Consumer Cyclical | 0.1% | $30.6m | 83,367 | -27% | reduced |
| 38 | NSSC NAPCO SEC TECHNOLOGIES INC | Industrials | 0.1% | $28.4m | 954,912 | – | new |
| 39 | MA MASTERCARD INCORPORATED | Financial Services | 0.1% | $15.5m | 27,663 | -44% | 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.