FI
Fundsmith Investment Services LTD. 13F Filing (Q2 2026) — Top Positions & Stock Picks
Fundsmith Investment Services LTD.CIK: 0001868537
ContrarianQuality / disciplined sizingHigh-turnover trader
Total reported value
$4.5B
Reporting period: 2026-06-30 · Number of holdings: 27
FUNDSMITH INVESTMENT SERVICES LTD. disclosed 27 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $4.5B and a quarterly turnover rate of 62.7%.
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Personality snowflake
- Concentration
- 18.83
- Portfolio Stability
- 62.68
- Momentum
- 0
- Sector conviction
- 50.9
- Diversification
- 54
- Sizing Uniformity
- 94.69
Fundsmith Investment Services LTD.'s disclosed holdings carry a Herfindahl concentration index of 0.047 — mathematically equivalent to about 21 equally-sized positions, close to its 27 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.53), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 2.3 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out MTD
New buy UBER
New buy MA
Add TSM
+14322.6% $195.5M
New buy NFLX
New buy GEV
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MAR | Marriott International -cl A | Stock-Consumer Disc | 7.40% | -1.50% | -24.78% | |
| 2 | SYK | Stryker CORP | Stock-Healthcare | 7.32% | -1.53% | -11.41% | |
| 3 | WAT | Waters CORP | Stock-Healthcare | 6.95% | -0.46% | -23.62% | |
| 4 | CHD | Church & Dwight Co Inc | Stock-Consumer Staples | 5.44% | -0.06% | -2.31% | |
| 5 | V | Visa Inc-class A Shares | Stock-Financials | 5.17% | -1.87% | -33.64% | |
| 6 | TXN | Texas Instruments Inc | Stock-Tech | 5.01% | +1.19% | -12.44% | |
| 7 | UBER | Uber Technologies Inc | Stock-Industrials | 4.72% | +4.72% | NEW | |
| 8 | MA | Mastercard Inc - A | Stock-Financials | 4.47% | +4.47% | NEW | |
| 9 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 4.42% | -2.98% | -50.73% | |
| 10 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 4.35% | +4.33% | +14322.57% | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 4.25% | -1.84% | -27.36% | |
| 12 | MSFT | Microsoft CORP | Stock-Tech | 4.17% | -1.41% | -23.89% | |
| 13 | ADP | Automatic Data Processing | Stock-Tech | 4.08% | -2.04% | -37.94% | |
| 14 | FTNT | Fortinet Inc | Stock-Tech | 3.83% | +0.75% | -32.15% | |
| 15 | IDXX | Idexx Laboratories Inc | Stock-Healthcare | 3.81% | -2.33% | -32.09% | |
| 16 | PM | Philip Morris International | Stock-Consumer Staples | 3.78% | -2.52% | -43.71% | |
| 17 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 3.52% | -2.25% | -38.32% | |
| 18 | NFLX | Netflix Inc | Stock-Comm Services | 3.46% | +3.46% | NEW | |
| 19 | GEV | GE Vernova Inc | Stock-Industrials | 3.34% | +3.34% | NEW | |
| 20 | APP | Applovin Corp-class A | Stock-Tech | 2.67% | +2.67% | NEW | |
| 21 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 2.42% | +2.41% | +22357.21% | |
| 22 | NXT | Nextpower Inc-cl A | Stock-Tech | 2.38% | +2.38% | NEW | |
| 23 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 1.02% | +1.02% | NEW | |
| 24 | BMI | Badger Meter Inc | Stock-Tech | 0.82% | +0.36% | +89.39% | |
| 25 | YUM | Yum! Brands Inc | Stock-Consumer Disc | 0.63% | +0.63% | NEW | |
| 26 | WM | Waste Management Inc | Stock-Industrials | 0.57% | +0.20% | +63.16% | |
| 27 | ORLY | O'reilly Automotive Inc | Stock-Consumer Disc | 0.01% | +0.01% | NEW |
Portfolio Performance
Performance for Q3 2026
+5.4%
Performance Last 4 Quarters
+5.5%
- Stdev
- +14%
- Beta
- +0.93
- Alpha
- -5.6%
- Max Drawdown
- -11.1%
- Annualized Perf
- +12.8%
- Batting Avg vs S&P
- +27.8%
- Sortino
- +1.6
- Stutzer
- +0.27
- Treynor
- +0.14
- Sterling
- +0.73
- Calmar
- +1.15
- Information Ratio
- -0.96
- Tracking Error
- +7.2%
- Stdev Down
- +8.1%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +30.1%
- Worst 12 Months
- -1%
- Efficiency Ratio
- +0.35
- Sharpe
- +0.93
- Stdev Sectors
- +6.2%
- Skewness
- -0.28
- Kurtosis
- -0.3
- Upside Potential
- +3.32
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 27 | $4.5B | 63 | ||
| 2026 Q1 | 24 | $4.4B | 23 | ||
| 2025 Q4 | 26 | $5.5B | 19 | ||
| 2025 Q3 | 23 | $6.4B | 23 | ||
| 2025 Q2 | 26 | $7.4B | 0 | ||
| 2025 Q1 | 27 | $7.1B | 100 | ||
| 2024 Q4 | 31 | $7.7B | 0 | ||
| 2024 Q3 | 28 | $8.0B | 0 | ||
| 2024 Q2 | 28 | $7.8B | 0 | ||
| 2024 Q1 | 27 | $7.5B | 0 | ||
| 2023 Q4 | 26 | $6.9B | 0 | ||
| 2023 Q3 | 26 | $6.4B | 0 | ||
| 2023 Q2 | 26 | $6.9B | 0 | ||
| 2023 Q1 | 25 | $6.5B | 0 | ||
| 2022 Q4 | 24 | $6.0B | 0 | ||
| 2022 Q3 | 26 | $5.8B | 0 | ||
| 2022 Q2 | 24 | $6.0B | 0 | ||
| 2022 Q1 | 25 | $7.3B | 0 | ||
| 2021 Q4 | 29 | $184.1M | 0 | ||
| 2021 Q3 | 29 | $164.6M | 0 | ||
| 2021 Q2 | 29 | $161.0M | 0 |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Fundsmith Investment Services LTD.'s most significant position changes for 2026-06-30: Sold out: Mettler-toledo International (MTD); New buy: Uber Technologies Inc (UBER); New buy: Mastercard Inc - A (MA); New buy: Netflix Inc (NFLX); New buy: GE Vernova Inc (GEV).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | UBER | Uber Technologies Inc | +4.7% | NEW | New buy |
| 2 | MA | Mastercard Inc - A | +4.5% | NEW | New buy |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +4.3% | +14322.57% | Add |
| 4 | NFLX | Netflix Inc | +3.5% | NEW | New buy |
| 5 | GEV | GE Vernova Inc | +3.3% | NEW | New buy |
| 6 | APP | Applovin Corp-class A | +2.7% | NEW | New buy |
| 7 | TJX | Tjx Companies Inc | +2.4% | +22357.21% | Add |
| 8 | NXT | Nextpower Inc-cl A | +2.4% | NEW | New buy |
| 9 | TXN | Texas Instruments Inc | +1.2% | -12.44% | Trim |
| 10 | VEEV | Veeva Systems Inc-class A | +1% | NEW | New buy |
| 11 | FTNT | Fortinet Inc | +0.8% | -32.15% | Trim |
| 12 | YUM | Yum! Brands Inc | +0.6% | NEW | New buy |
| 13 | BMI | Badger Meter Inc | +0.4% | +89.39% | Add |
| 14 | WM | Waste Management Inc | +0.2% | +63.16% | Add |
| 15 | ORLY | O'reilly Automotive Inc | 0% | NEW | New buy |
| 16 | AAPL | Apple Inc | 0% | EXIT | Sold out |
| 17 | AMZN | Amazon.com Inc | 0% | EXIT | Sold out |
| 18 | HD | Home Depot Inc | 0% | EXIT | Sold out |
| 19 | CHD | Church & Dwight Co Inc | -0.1% | -2.31% | Trim |
| 20 | WAT | Waters CORP | -0.5% | -23.62% | Trim |
| 21 | MSFT | Microsoft CORP | -1.4% | -23.89% | Trim |
| 22 | MAR | Marriott International -cl A | -1.5% | -24.78% | Trim |
| 23 | SYK | Stryker CORP | -1.5% | -11.41% | Trim |
| 24 | OTIS | Otis Worldwide CORP | -1.7% | EXIT | Sold out |
| 25 | META | Meta Platforms Inc-class A | -1.8% | -27.36% | Trim |
| 26 | V | Visa Inc-class A Shares | -1.9% | -33.64% | Trim |
| 27 | ADP | Automatic Data Processing | -2% | -37.94% | Trim |
| 28 | PG | Procter & Gamble Co/the | -2.3% | -38.32% | Trim |
| 29 | IDXX | Idexx Laboratories Inc | -2.3% | -32.09% | Trim |
| 30 | PM | Philip Morris International | -2.5% | -43.71% | Trim |
| 31 | GOOGL | Alphabet Inc-cl A | -3% | -50.73% | Trim |
| 32 | ZTS | Zoetis Inc | -3% | EXIT | Sold out |
| 33 | MTD | Mettler-toledo International | -6.4% | EXIT | Sold out |
Filing History
FAQ
What is Fundsmith Investment Services LTD. and what type of investor is it?
Fundsmith Investment Services LTD. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $4.5B, spread across 27 disclosed positions.
What are Fundsmith Investment Services LTD.'s largest equity positions?
Based on the latest 13F filing, Fundsmith Investment Services LTD.'s top holdings by market value are:
1. Marriott International -cl A (MAR) — $334.2M (7.4%)
2. Stryker CORP (SYK) — $330.8M (7.3%)
3. Waters CORP (WAT) — $314.2M (7.0%)
4. Church & Dwight Co Inc (CHD) — $245.8M (5.4%)
5. Visa Inc-class A Shares (V) — $233.5M (5.2%)
What changes did Fundsmith Investment Services LTD. make in its most recent portfolio filing?
In the latest reported quarter, Fundsmith Investment Services LTD. made 33 notable position adjustments: 9 new positions were initiated, 4 existing holdings were added to, 14 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Mettler-toledo International (MTD); New buy: Uber Technologies Inc (UBER); New buy: Mastercard Inc - A (MA); New buy: Netflix Inc (NFLX); New buy: GE Vernova Inc (GEV)
What sectors does Fundsmith Investment Services LTD. focus on?
Fundsmith Investment Services LTD. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 27.3%
• Health Care: 19.1%
• Consumer Staples: 12.7%
• Communication Services: 12.1%
• Consumer Discretionary: 10.5%
• Financials: 9.6%
Investment Profile
Fundsmith Investment Services LTD. returned an annualized 12.8% over the trailing 36 months — underperforming the S&P 500 by 5.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.93 (roughly in line with the market) and a 28% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading.
Its turnover score has risen from 0 to 63 over the past 4 quarters — a shift toward more active trading.
It has added to its TSM position over the past two quarters (+$196.3M, now $196.5M), while trimming IDXX over the same stretch (-$202.5M, still holding $172.2M).
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UT
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Developer Access
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