FI
Fundsmith Investment Services LTD. 13F Filings & AI Analysis
Fundsmith Investment Services LTD.CIK: 0001868537
Quality / disciplined sizing
Total reported value
$4.4B
Reporting period: 2026-03-31 · Number of holdings: 24
FUNDSMITH INVESTMENT SERVICES LTD. disclosed 24 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $4.4B and a quarterly turnover rate of 23.2%.
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Personality snowflake
- Concentration
- 25.62
- Portfolio Stability
- 23.19
- Momentum/Contrarian
- 53.15
- Sector conviction
- 59.99
- Diversification
- 48
- Sizing Uniformity
- 92.51
Fundsmith Investment Services LTD.'s disclosed holdings carry a Herfindahl concentration index of 0.064 — mathematically equivalent to about 16 equally-sized positions, close to its 24 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 0.75), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Recent moves
Add CHD
-0.9% $22.7M
Add MAR
-9.0% -$16.8M
Add PG
-0.9% -$364.9K
Add TXN
-0.6% $16.9M
Trim IDXX
-13.0% -$104.1M
Trim WAT
-4.3% -$108.7M
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 | 8.90% | +1.42% | -9.04% | |
| 2 | SYK | Stryker CORP | Stock-Healthcare | 8.85% | +0.44% | -9.30% | |
| 3 | WAT | Waters CORP | Stock-Healthcare | 7.41% | -0.55% | -4.31% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 7.40% | +0.20% | -9.77% | |
| 5 | V | Visa Inc-class A Shares | Stock-Financials | 7.04% | +0.11% | -5.01% | |
| 6 | MTD | Mettler-toledo International | Stock-Healthcare | 6.38% | +0.27% | -7.08% | |
| 7 | PM | Philip Morris International | Stock-Consumer Staples | 6.30% | +0.16% | -19.80% | |
| 8 | IDXX | Idexx Laboratories INC | Stock-Healthcare | 6.14% | -0.72% | -13.05% | |
| 9 | ADP | Automatic Data Processing | Stock-Tech | 6.12% | -0.18% | -0.82% | |
| 10 | META | Meta Platforms Inc-class A | Stock-Comm Services | 6.09% | -0.23% | -10.41% | |
| 11 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 5.77% | +1.11% | -0.92% | |
| 12 | MSFT | Microsoft CORP | Stock-Tech | 5.58% | -0.34% | -0.68% | |
| 13 | CHD | Church & Dwight Co INC | Stock-Consumer Staples | 5.50% | +1.48% | -0.88% | |
| 14 | TXN | Texas Instruments INC | Stock-Tech | 3.82% | +1.05% | -0.64% | |
| 15 | FTNT | Fortinet INC | Stock-Tech | 3.08% | +0.44% | -8.71% | |
| 16 | ZTS | Zoetis INC | Stock-Healthcare | 3.01% | +0.23% | -7.15% | |
| 17 | OTIS | Otis Worldwide CORP | Stock-Industrials | 1.69% | -0.31% | -22.75% | |
| 18 | BMI | Badger Meter INC | Stock-Tech | 0.46% | +0.04% | — | |
| 19 | WM | Waste Management INC | Stock-Industrials | 0.37% | +0.09% | — | |
| 20 | HD | Home Depot INC | Stock-Consumer Disc | 0.03% | -0.03% | -50.81% | |
| 21 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.02% | +0.02% | +371.57% | |
| 22 | AAPL | Apple INC | Stock-Tech | 0.01% | +0.01% | +260.83% | |
| 23 | TJX | Tjx Companies INC | Stock-Consumer Disc | 0.01% | +0.01% | +178.18% | |
| 24 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.01% | +0.01% | +178.18% |
Portfolio Performance
Performance for Q3 2026
+5.8%
Performance Last 4 Quarters
+8.1%
Based on 78% of reported portfolio value with available pricing
- Stdev
- +14.7%
- Beta
- +0.96
- Alpha
- -5.9%
- Max Drawdown
- -10.4%
- Annualized Perf
- +11.3%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +1.35
- Stutzer
- +0.23
- Treynor
- +0.12
- Sterling
- +0.58
- Calmar
- +1.09
- Information Ratio
- -0.86
- Tracking Error
- +7.7%
- Stdev Down
- +8.8%
- Winning Months %
- +55.6%
- Losing Months %
- +44.4%
- Best 12 Months
- +31.8%
- Worst 12 Months
- +2.1%
- Efficiency Ratio
- +0.3
- Sharpe
- +0.8
- Stdev Sectors
- +9%
- Skewness
- -0.26
- Kurtosis
- -0.51
- Upside Potential
- +3.1
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 24 | $4.4B | 23 | |
| 2025-12-31 | 26 | $5.5B | 19 | |
| 2025-09-30 | 23 | $6.4B | 23 | |
| 2025-06-30 | 26 | $7.4B | 0 | |
| 2025-03-31 | 27 | $7.1B | 100 | |
| 2024-12-31 | 31 | $7.7B | 0 | |
| 2024-09-30 | 28 | $8.0B | 0 | |
| 2024-06-30 | 28 | $7.8B | 0 | |
| 2024-03-31 | 27 | $7.5B | 0 | |
| 2023-12-31 | 26 | $6.9B | 0 | |
| 2023-09-30 | 26 | $6.4B | 0 | |
| 2023-06-30 | 26 | $6.9B | 0 | |
| 2023-03-31 | 25 | $6.5B | 0 | |
| 2022-12-31 | 24 | $6.0B | 0 | |
| 2022-09-30 | 26 | $5.8B | 0 | |
| 2022-06-30 | 24 | $6.0B | 0 | |
| 2022-03-31 | 25 | $7.3B | 0 | |
| 2021-12-31 | 29 | $184.1M | 0 | |
| 2021-09-30 | 29 | $164.6M | 0 | |
| 2021-06-30 | 29 | $161.0M | 0 |
Holding changes this quarter
Fundsmith Investment Services LTD.'s most significant position changes for 2026-03-31: Sold out: Nike INC -cl B (NKE); Sold out: Intuit INC (INTU); Trim: Church & Dwight Co INC (CHD) — shares -0.88%; Trim: Marriott International -cl A (MAR) — shares -9.04%; Trim: Procter & Gamble Co/the (PG) — shares -0.92%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CHD | Church & Dwight Co INC | +1.5% | -0.88% | Trim |
| 2 | MAR | Marriott International -cl A | +1.4% | -9.04% | Trim |
| 3 | PG | Procter & Gamble Co/the | +1.1% | -0.92% | Trim |
| 4 | TXN | Texas Instruments INC | +1.1% | -0.64% | Trim |
| 5 | SYK | Stryker CORP | +0.4% | -9.30% | Trim |
| 6 | FTNT | Fortinet INC | +0.4% | -8.71% | Trim |
| 7 | MTD | Mettler-toledo International | +0.3% | -7.08% | Trim |
| 8 | ZTS | Zoetis INC | +0.2% | -7.15% | Trim |
| 9 | GOOGL | Alphabet Inc-cl A | +0.2% | -9.77% | Trim |
| 10 | PM | Philip Morris International | +0.2% | -19.80% | Trim |
| 11 | V | Visa Inc-class A Shares | +0.1% | -5.01% | Trim |
| 12 | WM | Waste Management INC | +0.1% | — | Unchanged |
| 13 | BMI | Badger Meter INC | 0% | — | Unchanged |
| 14 | TSM | Taiwan Semiconductor-sp Adr | 0% | +371.57% | Add |
| 15 | AAPL | Apple INC | 0% | +260.83% | Add |
| 16 | TJX | Tjx Companies INC | 0% | +178.18% | Add |
| 17 | AMZN | Amazon.com INC | 0% | +178.18% | Add |
| 18 | HD | Home Depot INC | 0% | -50.81% | Trim |
| 19 | ADP | Automatic Data Processing | -0.2% | -0.82% | Trim |
| 20 | META | Meta Platforms Inc-class A | -0.2% | -10.41% | Trim |
| 21 | OTIS | Otis Worldwide CORP | -0.3% | -22.75% | Trim |
| 22 | MSFT | Microsoft CORP | -0.3% | -0.68% | Trim |
| 23 | WAT | Waters CORP | -0.6% | -4.31% | Trim |
| 24 | IDXX | Idexx Laboratories INC | -0.7% | -13.05% | Trim |
| 25 | NKE | Nike INC -cl B | — | EXIT | Sold out |
| 26 | INTU | Intuit INC | — | EXIT | Sold out |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | Amendment | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-13 | 13F-HR | View on EDGAR |
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 (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $4.4B, spread across 24 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) — $392.2M (8.9%)
2. Stryker CORP (SYK) — $389.7M (8.8%)
3. Waters CORP (WAT) — $326.6M (7.4%)
4. Alphabet Inc-cl A (GOOGL) — $326.2M (7.4%)
5. Visa Inc-class A Shares (V) — $309.9M (7.0%)
What changes did Fundsmith Investment Services LTD. make in its most recent portfolio filing?
In the latest reported quarter, Fundsmith Investment Services LTD. made 24 notable position adjustments: 0 new positions were initiated, 4 existing holdings were added to, 18 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Nike INC -cl B (NKE); Sold out: Intuit INC (INTU); Trim: Church & Dwight Co INC (CHD) — shares -0.88%; Trim: Marriott International -cl A (MAR) — shares -9.04%; Trim: Procter & Gamble Co/the (PG) — shares -0.92%
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:
• Health Care: 31.8%
• Information Technology: 19.1%
• Consumer Staples: 17.6%
• Communication Services: 13.5%
• Consumer Discretionary: 9.0%
• Financials: 7.0%
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