Fundsmith LLP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Fundsmith LLP maintained a portfolio of 37 distinct positions. The most significant new addition to the portfolio was NUTANIX INC, which now represents 0.42% of the total fund value. They heavily accumulated shares in ZOETIS INC, increasing their position by 7.9%. The fund also reduced its exposure to OTIS WORLDWIDE CORP by 46.5%.
PCA Score Concentration Risk
Risk ENB
Total Positions
37
Quarter
2025 Q4
Top Holding
WAT (7.9%)
Top 10 Concentration
66.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-37 of 37
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
WAT
WATERS CORP
Healthcare 7.90% 5.99% #1 6
Prev: #7
5.7 -397,520 -10.0%
P
S
3,557,978 $1,351,426,784 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SYK
STRYKER CORPORA...
Healthcare 7.57% 8.57% #2 1
Prev: #1
5.0 -903,782 -19.7%
P
S
3,687,511 $1,296,049,491 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IDXX
IDEXX LABS INC
Healthcare 7.42% 8.43% #3 1
Prev: #2
4.0 -734,422 -28.1%
P
S
1,876,035 $1,269,193,959 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 7.24% 6.65% #4 1
Prev: #5
3.9 -319,652 -8.3%
P
S
3,534,684 $1,239,649,026 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MAR
MARRIOTT INTL I...
Consumer Cyclical 7.21% 5.56% #5 5
Prev: #10
3.9 -248,371 -5.9%
P
S
3,979,927 $1,234,732,552 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 6.40% 7.72% #6 3
Prev: #3
2.6 -2,790,833 -44.4%
P
S
3,498,519 $1,095,036,447 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ADP
AUTOMATIC DATA ...
Technology 6.28% 6.39% #7 1
Prev: #6
3.0 -133,634 -3.1%
P
S
4,177,969 $1,074,698,966 2013 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 5.88% 6.76% #8 4
Prev: #4
2.9 -503,398 -19.5%
P
S
2,079,971 $1,005,915,575 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PM
PHILIP MORRIS I...
Consumer Defensive 5.74% 5.89% #9 1
Prev: #8
2.8 -1,063,547 -14.8%
P
S
6,124,597 $982,385,359 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 5.26% 5.78% #10 1
Prev: #9
2.6 -195,125 -12.5%
P
S
1,363,539 $900,058,459 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MTD
METTLER TOLEDO ...
Healthcare 4.73% 3.66% #11
Prev: #11
2.4 -10,147 -1.7%
P
S
580,507 $809,337,054 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PG
PROCTER AND GAM...
Consumer Defensive 3.56% 3.55% #12 1
Prev: #13
1.9 -328,992 -7.2%
P
S
4,248,048 $608,787,759 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CHD
CHURCH AND DWIG...
Consumer Defensive 3.30% 3.01% #13 1
Prev: #14
1.8 -66,240 -1.0%
P
S
6,728,404 $564,176,675 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FTNT
FORTINET INC
Technology 3.02% 3.58% #14 2
Prev: #12
1.2 -1,904,081 -22.6%
P
S
6,516,011 $517,436,434 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ZTS
ZOETIS INC
Healthcare 2.87% 2.67% #15 1
Prev: #16
3.1 285,672 7.9%
P
S
3,900,803 $490,799,033 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TXN
TEXAS INSTRS IN...
Technology 2.66% 2.53% #16 1
Prev: #17
1.6 -98,329 -3.6%
P
S
2,623,552 $455,160,036 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
INTU
INTUIT
Technology 2.42% 2.09% #17 2
Prev: #19
1.5 21,163 3.5%
P
S
625,619 $414,422,538 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NKE
NIKE INC
Consumer Cyclical 2.15% 2.16% #18
Prev: #18
1.4 -359,302 -5.9%
P
S
5,770,181 $367,618,232 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
OTIS
OTIS WORLDWIDE ...
Industrials 1.59% 2.69% #19 4
Prev: #15
0.6 -2,706,771 -46.5%
P
S
3,112,380 $271,866,393 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSCI
MSCI INC
Financial Services 0.56% 0.48% #20 3
Prev: #23
1.2 no change no change
P
S
166,619 $95,594,319 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ROL
ROLLINS INC
Consumer Cyclical 0.52% 0.44% #21 5
Prev: #26
1.2 no change no change
P
S
1,478,629 $88,747,313 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
QLYS
QUALYS INC
Technology 0.50% 0.58% #22 2
Prev: #20
0.2 -223,053 -25.6%
P
S
647,806 $86,093,417 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PAYC
PAYCOM SOFTWARE...
Technology 0.49% 0.55% #23 2
Prev: #21
1.2 no change no change
P
S
523,433 $83,414,283 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ODD
ODDITY TECH LTD
Consumer Defensive 0.49% 0.45% #24 1
Prev: #25
2.7 657,211 46.4%
P
S
2,074,167 $83,340,030 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CPRX
CATALYST PHARMA...
Healthcare 0.46% 0.33% #25 6
Prev: #31
1.2 no change no change
P
S
3,363,807 $78,511,255 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NSSC
NAPCO SEC TECHN...
Industrials 0.43% 0.39% #26 2
Prev: #28
1.2 no change no change
P
S
1,779,857 $74,220,037 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DOCS
DOXIMITY INC
Healthcare 0.43% 0.50% #27 5
Prev: #22
2.7 294,058 21.7%
P
S
1,650,002 $73,062,089 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NTNX
NUTANIX INC
Technology 0.42% #28
Prev: #—
3.7 1,377,158 no change
NEW
1,377,158 $71,185,297 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VRT
VERTIV HOLDINGS...
Industrials 0.39% 0.45% #29 5
Prev: #24
0.2 -180,506 -30.5%
P
S
410,944 $66,577,037 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VRSN
VERISIGN INC
Technology 0.38% 0.38% #30 1
Prev: #29
1.2 no change no change
P
S
270,634 $65,750,530 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CLX
CLOROX CO DEL
Consumer Defensive 0.36% 0.38% #31 1
Prev: #30
1.1 no change no change
P
S
613,497 $61,858,903 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MANH
MANHATTAN ASSOC...
Technology 0.29% 0.30% #32 1
Prev: #33
1.1 no change no change
P
S
288,332 $49,970,819 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GGG
GRACO INC
Industrials 0.28% 0.39% #33 6
Prev: #27
0.1 -321,529 -35.7%
P
S
579,016 $47,461,942 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MEDP
MEDPACE HLDGS I...
Healthcare 0.27% 0.33% #34 2
Prev: #32
0.1 -44,970 -35.3%
P
S
82,567 $46,373,756 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ADMA
ADMA BIOLOGICS ...
Healthcare 0.22% #35
Prev: #—
3.6 2,102,054 no change
NEW
2,102,054 $38,341,465 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SABR
SABRE CORP
Technology 0.17% 0.20% #36 2
Prev: #34
1.1 no change no change
P
S
21,499,095 $29,238,769 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HD
HOME DEPOT INC
Consumer Cyclical 0.16% 0.17% #37 2
Prev: #35
0.6 -4,654 -5.5%
P
S
80,206 $27,598,885 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-37 of 37 holdings

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