FUNDSMITH INVESTMENT SERVICES LTD.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, FUNDSMITH INVESTMENT SERVICES LTD. maintained a portfolio of 28 distinct positions. The most significant new addition to the portfolio was BADGER METER INC, which now represents 0.42% of the total fund value. They heavily accumulated shares in ZOETIS INC, increasing their position by 2.6%. Conversely, FUNDSMITH INVESTMENT SERVICES LTD. completely exited their position in COUPANG INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
28
Quarter
2025 Q4
Top Holding
SYK (8.4%)
Top 10 Concentration
69.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 28
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
SYK
STRYKER CORPORA...
Healthcare 8.41% 8.95% #1
Prev: #1
5.9 -246,373 -15.9%
P
S
1,307,407 $459,514,338 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WAT
WATERS CORP
Healthcare 7.96% 6.34% #2 6
Prev: #8
5.2 -210,080 -15.5%
P
S
1,146,209 $435,364,564 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MAR
MARRIOTT INTL I...
Consumer Cyclical 7.48% 5.94% #3 6
Prev: #9
4.5 -145,310 -9.9%
P
S
1,318,251 $408,974,190 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 7.20% 7.37% #4
Prev: #4
3.4 -689,193 -35.4%
P
S
1,257,218 $393,509,234 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 6.93% 6.65% #5 1
Prev: #6
3.8 -170,135 -13.6%
P
S
1,079,514 $378,596,355 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IDXX
IDEXX LABS INC
Healthcare 6.86% 6.85% #6 1
Prev: #5
3.2 -134,498 -19.5%
P
S
553,859 $374,702,229 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 6.32% 8.10% #7 4
Prev: #3
2.5 -183,945 -26.0%
P
S
523,536 $345,580,878 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ADP
AUTOMATIC DATA ...
Technology 6.30% 6.61% #8 1
Prev: #7
3.0 -106,545 -7.4%
P
S
1,338,320 $344,256,054 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PM
PHILIP MORRIS I...
Consumer Defensive 6.14% 5.65% #9 1
Prev: #10
3.0 -142,339 -6.4%
P
S
2,091,801 $335,524,880 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MTD
METTLER TOLEDO ...
Healthcare 6.11% 4.86% #10 1
Prev: #11
2.9 -14,050 -5.5%
P
S
239,736 $334,237,534 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 5.92% 8.12% #11 9
Prev: #2
2.4 -337,084 -33.5%
P
S
668,549 $323,323,667 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PG
PROCTER AND GAM...
Consumer Defensive 4.66% 4.52% #12
Prev: #12
2.4 -111,865 -5.9%
P
S
1,777,110 $254,677,634 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CHD
CHURCH AND DWIG...
Consumer Defensive 4.02% 3.83% #13
Prev: #13
2.1 -185,990 -6.6%
P
S
2,620,239 $219,707,040 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ZTS
ZOETIS INC
Healthcare 2.78% 2.68% #14 2
Prev: #16
1.6 30,691 2.6%
P
S
1,206,414 $151,791,009 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TXN
TEXAS INSTRS IN...
Technology 2.77% 2.82% #15
Prev: #15
1.6 -113,282 -11.5%
P
S
872,579 $151,383,731 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FTNT
FORTINET INC
Technology 2.64% 2.99% #16 2
Prev: #14
1.1 -461,499 -20.2%
P
S
1,818,233 $144,385,883 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NKE
NIKE INC
Consumer Cyclical 2.59% 2.52% #17
Prev: #17
1.5 -88,151 -3.8%
P
S
2,226,357 $141,841,204 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
INTU
INTUIT
Technology 2.14% 2.01% #18 1
Prev: #19
1.4 -12,154 -6.4%
P
S
176,360 $116,824,391 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
OTIS
OTIS WORLDWIDE ...
Industrials 2.00% 2.34% #19 1
Prev: #18
0.8 -392,590 -23.9%
P
S
1,251,513 $109,319,661 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BMI
BADGER METER IN...
Technology 0.42% #20
Prev: #—
3.7 132,631 no change
NEW
132,631 $23,132,173 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WM
WASTE MGMT INC ...
Industrials 0.28% 0.24% #21
Prev: #21
1.1 no change no change
P
S
70,475 $15,484,062 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HD
HOME DEPOT INC
Consumer Cyclical 0.06% 0.09% #22 1
Prev: #23
0.0 -4,730 -33.7%
P
S
9,321 $3,207,356 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 0.00% #23
Prev: #—
3.5 605 no change
NEW
605 $183,853 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TJX
TJX COS INC NEW
Consumer Cyclical 0.00% #24
Prev: #—
3.5 1,155 no change
NEW
1,155 $177,420 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 0.00% #25
Prev: #—
3.5 715 no change
NEW
715 $165,036 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CPNG
COUPANG INC
Consumer Cyclical 0.00% 0.32%
Sold All 😨
(Was: #20)
0.0 -634,547 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IESC
IES HLDGS INC
Industrials 0.00% 0.21%
Sold All 😨
(Was: #22)
0.0 -33,400 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 28 holdings

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