FUNDSMITH INVESTMENT SERVICES LTD.

CIK 1868537 · View on SEC EDGAR ↗

Portfolio value
$4.5B
#866 of 9,443 by 13F value · top 9.2%
Positions
27
As of
June 30, 2026

Portfolio value QoQ: +2.6% 13F does not disclose cash

Top 10 holdings weight
55.24%
Top 25 holdings weight
99.42%
Positions above 1%
23
Effective number of positions
21.2

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 30.41% Est. buys $1,356,989,156 · sells $1,741,360,848

Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 60.0% still held

New positions
9
Increased
4
Decreased
14
Closed
6
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+12.5%
S&P 500 total return (same window)
+28.1%
Excess return
-15.5%

Annualized: +8.2% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 99.5% · Options excluded: 0.0%

Sector breakdown

Technology
20.0%
Health Care
19.1%
Industrials
15.9%
Communication Services
12.1%
Financial Services
9.6%
Consumer products
9.0%
Consumer Discretionary
8.0%
Consumer Staples
3.8%
Retail
2.4%

Full portfolio 27 positions

Type Streak 8Q trend
MAR Marriott International - Class A Common Stock $334,243,645 7.40% 901,923 $-57,954,169 Down ×4
SYK Stryker Corporation Common Stock $330,766,181 7.32% 1,050,585 $-58,892,271 Down ×6
WAT Waters Corporation Common Stock $314,195,011 6.95% 837,764 $-12,448,408 Down ×3
CHD Church & Dwight Company, Inc. Common Stock $245,808,102 5.44% 2,537,243 $3,441,224 Down ×4
V Visa Inc. $233,470,000 5.17% 680,492 $-76,460,497 Down ×6
TXN Texas Instruments Incorporated - Common Stock $226,275,071 5.01% 759,134 $57,956,273 Down ×4
UBER Uber Technologies, Inc. Common Stock $213,302,146 4.72% 2,955,961 Up ×1
MA Mastercard Incorporated Common Stock $201,810,389 4.47% 392,933
GOOGL Alphabet Inc. - Class A Common Stock $199,756,607 4.42% 558,963 $-126,445,418 Down ×6
TSM Taiwan Semiconductor Manufacturing Company Ltd. $196,508,593 4.35% 411,476 $195,544,422 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $191,929,802 4.25% 340,730 $-76,422,053 Down ×6
MSFT Microsoft Corporation - Common Stock $188,509,760 4.17% 505,361 $-57,283,860 Down ×6
ADP Automatic Data Processing, Inc. - Common Stock $184,459,553 4.08% 823,664 $-85,223,090 Down ×6
FTNT Fortinet, Inc. - Common Stock $173,012,067 3.83% 1,126,234 $37,374,110 Down ×6
IDXX IDEXX Laboratories, Inc. - Common Stock $172,176,414 3.81% 327,058 $-98,421,944 Down ×6
PM Philip Morris International Inc Common Stock $170,850,680 3.78% 944,396 $-106,543,379 Down ×6
PG Procter & Gamble Company (The) Common Stock $159,239,162 3.52% 1,085,919 $-95,073,602 Down ×6
NFLX Netflix, Inc. - Common Stock $156,147,873 3.46% 2,186,945 Up ×1
GEV GE Vernova Inc. Common Stock $151,141,040 3.34% 128,646 Up ×1
APP Applovin Corporation - Class A Common Stock $120,523,117 2.67% 233,921 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $109,314,825 2.42% 721,550 $108,801,709 Up ×2
NXT Nextpower Inc. - Class A Common Stock $107,645,730 2.38% 903,523 Up ×1
VEEV Veeva Systems Inc. Class A Common Stock $45,977,153 1.02% 259,070 Up ×1
BMI Badger Meter, Inc. Common Stock $37,272,462 0.82% 251,196 $17,066,129 Up ×1
YUM Yum! Brands, Inc. $28,456,519 0.63% 178,009 Up ×1
WM Waste Management, Inc. Common Stock $25,627,634 0.57% 114,984 $9,433,184 Up ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $498,207 0.01% 5,410 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
UBER $213,302,146 2,955,961 4.72%
MA $201,810,389 392,933 4.47%
NFLX $156,147,873 2,186,945 3.46%
GEV $151,141,040 128,646 3.34%
APP $120,523,117 233,921 2.67%
NXT $107,645,730 903,523 2.38%
VEEV $45,977,153 259,070 1.02%
YUM $28,456,519 178,009 0.63%
ORLY $498,207 5,410 0.01%

Top movers (QoQ)

Security Action Shares Δ Value Δ
GOOGL Trimmed -575K -$126.4M
PM Trimmed -733K -$106.5M
IDXX Trimmed -155K -$98.4M
PG Trimmed -675K -$95.1M
ADP Trimmed -504K -$85.2M
V Trimmed -345K -$76.5M
META Trimmed -128K -$76.4M
SYK Trimmed -135K -$58.9M
TXN Trimmed -108K +$58.0M
MAR Trimmed -297K -$58.0M

2 positions hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
PEP March 31, 2025 1,848,406 $281,068,616 -4.9%
MTD June 30, 2026 222,759 $280,943,651 9.0%
NKE March 31, 2026 2,226,357 $141,841,204 -23.2%
ZTS June 30, 2026 1,120,147 $132,412,577 6.6%
INTU March 31, 2026 176,360 $116,824,391 -16.6%
BFB June 30, 2025 2,855,440 $96,913,634 No longer tracked
OTIS June 30, 2026 966,787 $74,519,942 0.4%
TSM March 31, 2025 149,989 $29,621,328 153.1%
MEDP March 31, 2025 64,138 $21,308,568 99.9%
CPNG Dec. 31, 2025 634,547 $20,432,413 -31.7%
FCNCA Sept. 30, 2025 10,369 $20,286,637 21.8%
IESC Dec. 31, 2025 33,400 $13,281,510 73.4%
RDDT March 31, 2025 76,675 $12,531,762 46.1%
NVDA March 31, 2025 85,880 $11,532,825 100.1%
SHOP Sept. 30, 2025 88,177 $10,171,217 -1.9%
MA Sept. 30, 2025 16,576 $9,314,717 1.1%
ARGT March 31, 2025 58,754 $4,857,193 No longer tracked
HD June 30, 2026 4,585 $1,507,961 -4.8%
AAPL June 30, 2026 2,183 $554,024 6.5%
AMZN June 30, 2026 1,989 $414,249 8.2%