Fundsmith 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Fundsmith disclosed 37 US equity positions worth $17.1bn in its Q4 2025 13F filing. The largest position was WAT at 7.9% of the reported book, followed by SYK and IDXX. Against the Q3 2025 filing, it opened 2 new positions, added to 4 and reduced 22 among the top 37 holdings.
What did Fundsmith own in Q4 2025? Top 37 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | WAT WATERS CORP | Healthcare | 7.9% | $1.4bn | 3,557,978 | -10% | reduced |
| 2 | SYK STRYKER CORPORATION | Healthcare | 7.6% | $1.3bn | 3,687,511 | -20% | reduced |
| 3 | IDXX IDEXX LABS INC | Healthcare | 7.4% | $1.3bn | 1,876,035 | -28% | reduced |
| 4 | V VISA INC | Financial Services | 7.2% | $1.2bn | 3,534,684 | -8% | reduced |
| 5 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 7.2% | $1.2bn | 3,979,927 | -6% | reduced |
| 6 | GOOGL ALPHABET INC | Communication Services | 6.4% | $1.1bn | 3,498,519 | -44% | reduced |
| 7 | ADP AUTOMATIC DATA PROCESSING IN | Technology | 6.3% | $1.1bn | 4,177,969 | -3% | reduced |
| 8 | MSFT MICROSOFT CORP | Technology | 5.9% | $1.0bn | 2,079,971 | -19% | reduced |
| 9 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 5.7% | $982.4m | 6,124,597 | -15% | reduced |
| 10 | META META PLATFORMS INC | Communication Services | 5.3% | $900.1m | 1,363,539 | -13% | reduced |
| 11 | MTD METTLER TOLEDO INTERNATIONAL | Healthcare | 4.7% | $809.3m | 580,507 | -2% | reduced |
| 12 | PG PROCTER AND GAMBLE CO | Consumer Defensive | 3.6% | $608.8m | 4,248,048 | -7% | reduced |
| 13 | CHD CHURCH AND DWIGHT CO INC | Consumer Defensive | 3.3% | $564.2m | 6,728,404 | -1% | reduced |
| 14 | FTNT FORTINET INC | Technology | 3.0% | $517.4m | 6,516,011 | -23% | reduced |
| 15 | ZTS ZOETIS INC | Healthcare | 2.9% | $490.8m | 3,900,803 | 8% | added |
| 16 | TXN TEXAS INSTRS INC | Technology | 2.7% | $455.2m | 2,623,552 | -4% | reduced |
| 17 | INTU INTUIT | Technology | 2.4% | $414.4m | 625,619 | 4% | added |
| 18 | NKE NIKE INC | Consumer Cyclical | 2.1% | $367.6m | 5,770,181 | -6% | reduced |
| 19 | OTIS OTIS WORLDWIDE CORP | Industrials | 1.6% | $271.9m | 3,112,380 | -47% | reduced |
| 20 | MSCI MSCI INC | Financial Services | 0.6% | $95.6m | 166,619 | 0% | held |
| 21 | ROL ROLLINS INC | Consumer Cyclical | 0.5% | $88.7m | 1,478,629 | 0% | held |
| 22 | QLYS QUALYS INC | Technology | 0.5% | $86.1m | 647,806 | -26% | reduced |
| 23 | PAYC PAYCOM SOFTWARE INC | Technology | 0.5% | $83.4m | 523,433 | 0% | held |
| 24 | ODD ODDITY TECH LTD | Consumer Defensive | 0.5% | $83.3m | 2,074,167 | 46% | added |
| 25 | CATALYST PHARMACEUTICALS INC | 0.5% | $78.5m | 3,363,807 | 0% | held | |
| 26 | NSSC NAPCO SEC TECHNOLOGIES INC | Industrials | 0.4% | $74.2m | 1,779,857 | 0% | held |
| 27 | DOCS DOXIMITY INC | Healthcare | 0.4% | $73.1m | 1,650,002 | 22% | added |
| 28 | NTNX NUTANIX INC | Technology | 0.4% | $71.2m | 1,377,158 | – | new |
| 29 | VRT VERTIV HOLDINGS CO | Industrials | 0.4% | $66.6m | 410,944 | -31% | reduced |
| 30 | VRSN VERISIGN INC | Technology | 0.4% | $65.8m | 270,634 | 0% | held |
| 31 | CLX CLOROX CO DEL | Consumer Defensive | 0.4% | $61.9m | 613,497 | 0% | held |
| 32 | MANH MANHATTAN ASSOCIATES INC | Technology | 0.3% | $50.0m | 288,332 | 0% | held |
| 33 | GGG GRACO INC | Industrials | 0.3% | $47.5m | 579,016 | -36% | reduced |
| 34 | MEDP MEDPACE HLDGS INC | Healthcare | 0.3% | $46.4m | 82,567 | -35% | reduced |
| 35 | ADMA ADMA BIOLOGICS INC | Healthcare | 0.2% | $38.3m | 2,102,054 | – | new |
| 36 | SABR SABRE CORP | Technology | 0.2% | $29.2m | 21,499,095 | 0% | held |
| 37 | HD HOME DEPOT INC | Consumer Cyclical | 0.2% | $27.6m | 80,206 | -5% | 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.