Waters CORP (WAT) Institutional Investor Snapshot (1178 Funds, Q2 2026)

WAT ranks #364 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

WAT is a top-conviction position for Fundsmith Investment Services LTD. — at 7.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in WAT belongs to BlackRock, Inc., but the position matters far more to Fundsmith Investment Services LTD., who has 7.0% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Massachusetts Financial Services Co /ma/ has added to its WAT position for two straight quarters, increasing it by $1.5B to reach $2.5B today.

Terry Smith has trimmed its WAT position for two straight quarters, cutting it by $498.7M while still holding $852.7M.

WAT is up 1.6% today, and institutions have been net buyers of $14.6B this quarter — today's price move and the underlying institutional flow are pointing the same direction.

WAT posted net income of $166.1M over the trailing twelve months, and currently trades at a P/E of 148.1.

• Profitable — net income of $166.1M over the trailing twelve months
• Revenue grew 62.0% year over year
• Net income declined year over year, from $660.9M to $166.1M
• Generated $652.6M in positive operating cash flow
• Current ratio of 1.73x — enough short-term assets to cover short-term liabilities
• Liabilities run 0.98x equity — within a conventional range