Fundsmith 13F holdings (Terry Smith)
Fundsmith (Terry Smith) reported its Q2 2026 13F on Aug 14, 2026. The filing shows a $13.6B US stock portfolio in 41 positions, 30% of it in the top five: Marriott International (7.0%), Stryker (6.7%), Waters (6.3%), Visa Inc-Class A Shares (5.1%) and UBER Technologies (4.7%). In Q2 2026 it opened 13 new positions, added to 4, trimmed 17 and sold out of 6. At today's prices that book is up 6.5% since the quarter closed. 13F filings arrive up to 45 days after the quarter ends and cover long US-listed positions only, so they show where the money was, not where it is now; this is educational analysis, not investment advice.
Q2 2026 13F, filed Aug 14, 2026. Prices as of Oct 23, 2026. Refreshed weekly from SEC EDGAR.
How big is Fundsmith's stock portfolio?
From the Q2 2026 13F, filed Aug 14, 2026. Prices are today's, so "since quarter-end" is how the book as filed has done since.
What does Fundsmith own?
The positions in its Q2 2026 13F, largest first. The 40 largest of 41 are shown. "This site's filters" is how many of this site's 8 value filters the stock passes; a stock this site tracks links to its own analysis.
| Stock | Weight | Size | Shares vs. last quarter | Quarters held | Since quarter-end | This site's filters |
|---|---|---|---|---|---|---|
| MARMarriott International | 7.0% | $958M2.6M shares | -23% | 8+ | +7.1% | 3/8 |
| SYKStryker Corp | 6.7% | $917M2.9M shares | -5% | 8+ | -2.5% | 4/8 |
| WATWaters Corp | 6.3% | $853M2.3M shares | -29% | 8+ | +21.5% | 2/8 |
| VVisa Inc-Class A Shares | 5.1% | $693M2.0M shares | -35% | 8+ | +20.8% | 2/8 |
| UBERUBER Technologies Inc | 4.7% | $645M8.9M shares | New | 1 | -4.3% | 5/8 |
| MAMastercard Inc - A | 4.7% | $639M1.2M shares | New | 1 | +23.3% | 2/8 |
| GOOGLAlphabet Inc | 4.6% | $634M1.8M shares | -40% | 8+ | -9.3% | 5/8 |
| CHDChurch & Dwight Co Inc | 4.6% | $626M6.5M shares | -3% | 8+ | +12.4% | 4/8 |
| PGProcter & Gamble Co | 4.4% | $598M4.1M shares | -3% | 8+ | +12.9% | 4/8 |
| MSFTMicrosoft Corp | 4.4% | $596M1.6M shares | -23% | 8+ | +39.7% | 2/8 |
| METAMETA Platforms Inc-Class A | 4.3% | $593M1.1M shares | -20% | 8+ | +15.2% | 3/8 |
| ADPAutomatic Data Processing | 4.3% | $583M2.6M shares | -33% | 8+ | +37.5% | 3/8 |
| FTNTFortinet Inc | 4.1% | $558M3.6M shares | -41% | 8+ | +12.6% | 2/8 |
| TSMTaiwan Semiconductor-Sp Adr | 4.0% | $548M1.1M shares | New | 1 | -13.7% | n/a |
| IDXXIdexx Laboratories Inc | 3.9% | $537M1.0M shares | -30% | 8+ | +7.7% | 2/8 |
| TXNTexas Instruments Inc | 3.9% | $536M1.8M shares | -31% | 8+ | -6.2% | 2/8 |
| PMPhilip Morris International | 3.9% | $527M2.9M shares | -43% | 8+ | +11.5% | 2/8 |
| NFLXNetflix Inc | 3.7% | $499M7.0M shares | New | 1 | -6.1% | 5/8 |
| GEVGE Vernova Inc | 3.5% | $481M410K shares | New | 1 | -29.6% | 5/8 |
| APPApplovin Corp-Class A | 2.6% | $359M697K shares | New | 1 | -48.7% | 4/8 |
| TJXTJX Companies Inc | 2.5% | $344M2.3M shares | New | 1 | -2.7% | 3/8 |
| NXTNextpower Inc | 2.5% | $340M2.9M shares | New | 1 | -34.8% | n/a |
| VEEVVeeva Systems Inc-Class A | 1.1% | $145M817K shares | New | 1 | +81.7% | 3/8 |
| YUMYum! Brands Inc | 0.7% | $88.9M556K shares | New | 1 | -3.4% | 5/8 |
| MSCIMSCI Inc | 0.2% | $30.0M53.6K shares | -17% | 8+ | +10.7% | 2/8 |
| MEDPMedpace Holdings Inc | 0.2% | $27.7M52.4K shares | -16% | 7 | +23.5% | n/a |
| NTNXNutanix Inc - A | 0.2% | $27.4M538K shares | -7% | 3 | +36.5% | n/a |
| BMIBadger Meter Inc | 0.2% | $25.9M175K shares | +23% | 2 | +0.8% | n/a |
| CLXClorox Company | 0.2% | $25.9M271K shares | +6% | 8+ | -7.1% | 2/8 |
| ROLRollins Inc | 0.2% | $25.9M620K shares | 0% | 8+ | n/a | 2/8 |
| MANHManhattan Associates Inc | 0.2% | $24.1M173K shares | +43% | 5 | +73.9% | n/a |
| NSSCNapco Security Technologies | 0.2% | $23.1M607K shares | +58% | 5 | +1.6% | n/a |
| FICOFair Isaac Corp | 0.2% | $21.4M18.0K shares | New | 1 | -31.1% | 3/8 |
| SABRSabre Corp | 0.1% | $18.8M9.0M shares | 0% | 8+ | n/a | n/a |
| IDCCInterdigital Inc | 0.1% | $17.1M60.3K shares | New | 1 | +17.3% | n/a |
| ORLYO'reilly Automotive Inc | 0.1% | $15.0M163K shares | New | 1 | -0.1% | 3/8 |
| VRTVertiv Holdings Co-A | 0.1% | $14.0M41.9K shares | -54% | 5 | -41.6% | 3/8 |
| VRSNVerisign Inc | 0.1% | $14.0M55.7K shares | -51% | 8+ | +21.1% | 2/8 |
| ADMAADMA Biologics Inc | 0.1% | $13.8M1.6M shares | 0% | 3 | +30.8% | n/a |
| DOCSDoximity Inc-Class A | 0.1% | $13.5M653K shares | -6% | 7 | +62.4% | n/a |
What did Terry Smith buy and sell in Q2 2026?
Compared with Q1 2026. A position counts as added or trimmed when its share count moved by 5% or more.
Bought (new)
Added to
Trimmed
Sold out
How has Fundsmith's portfolio changed over time?
The reported stock book each quarter. It includes market moves as well as buying and selling.
| Quarter | Stock book | Positions | Change |
|---|---|---|---|
| Q3 2024 | $25.3B | 40 | n/a |
| Q4 2024 | $23.5B | 38 | -7.2% |
| Q1 2025 | $22.0B | 38 | -6.3% |
| Q2 2025 | $23.0B | 39 | +4.7% |
| Q3 2025 | $19.8B | 35 | -14.0% |
| Q4 2025 | $17.1B | 37 | -13.5% |
| Q1 2026 | $12.8B | 34 | -25.1% |
| Q2 2026 | $13.6B | 41 | +6.4% |
Frequently asked questions about Fundsmith
What does Fundsmith own?
Fundsmith's Q2 2026 13F lists 41 positions worth $13.6B. The largest are Marriott International (7.0%), Stryker (6.7%), Waters (6.3%), Visa Inc-Class A Shares (5.1%) and UBER Technologies (4.7%), together 30% of the book. The full table is above; each stock this site tracks links to its own analysis.
What did Terry Smith buy and sell in Q2 2026?
Compared with Q1 2026, Fundsmith opened 13 new positions (UBER, MA and TSM and more), added to 4, trimmed 17 and sold out of 6 (MTD, ZTS and OTIS and more). A position counts as added or trimmed when its share count moved by 5% or more.
How concentrated is Fundsmith's portfolio?
The top position is 7% of the book, the top five 30% and the top ten 53%, across 41 positions. Estimated turnover last quarter was 66% of the book.
When does Fundsmith file its next 13F?
Managers file within 45 days after each quarter ends. For the quarter ending Sep 30, 2026, the deadline is about Nov 16, 2026 (a weekend deadline moves to the next business day). This page updates when the filing is on EDGAR.
Can you see Terry Smith's cost basis or profit?
No. A 13F lists positions at quarter-end, not what was paid or when, and it excludes shorts and non-US holdings. This page shows each stock's price change since the quarter closed (the whole book as filed is +6.5%, with 100% of it priced) and since the position first appeared, which is a rough read and not their profit.
Where does this data come from?
- Holdings: Fundsmith's Form 13F-HR filings, listed on SEC EDGAR; the latest, filed Aug 14, 2026, is here. The Q2 2026 book was filed Aug 14, 2026.
- Prices and tickers: today's prices are from Finnhub, matched to each filing's securities with OpenFIGI; "since quarter-end" compares today's price with the price implied by the filing (value divided by shares).
- Limits: a 13F covers long US-listed positions only, up to 45 days after the quarter ends: no shorts, no cost basis, no trades inside the quarter. Read the Editorial Standards for how this site treats filings, and Form 13F in the glossary.
About this page
This page lists everything in Fundsmith's latest Form 13F (Terry Smith): every position, what changed last quarter and how the stocks have moved since. Every figure comes from SEC filings and is refreshed weekly; read the Editorial Standards for the rules, or open Superinvestors to compare all 25 investors. Educational content only, not investment advice.