Fundsmith LLP
Terry Smith
Portfolio value
$13.65BQ2 2026
Quarterly filings
| Year | Quarter | Portfolio value | Positions | Largest holding |
|---|---|---|---|---|
| 2026 | Q2 2026 filed Aug 14, 2026 | $13.65B | 41 | MAR 7.0% |
| Q1 2026 filed May 15, 2026 | $12.83B | 34 | MAR 8.6% | |
| 2025 | Q4 2025 filed Feb 17, 2026 | $17.12B | 37 | WAT 7.9% |
| Q3 2025 filed Nov 14, 2025 | $19.80B | 35 | SYK 8.6% | |
| Q2 2025 filed Aug 14, 2025 | $23.02B | 39 | META 11.4% | |
| Q1 2025 filed May 15, 2025 | $21.97B | 38 | META 10.2% | |
| 2024 | Q4 2024 filed Feb 14, 2025 | $23.46B | 38 | META 11.4% |
| Q3 2024 filed Nov 14, 2024 | $25.28B | 40 | MSFT 11.7% | |
| Q2 2024 filed Aug 14, 2024 | $24.54B | 40 | MSFT 13.0% | |
| Q1 2024 filed May 15, 2024 | $25.55B | 40 | MSFT 12.5% | |
| 2023 | Q4 2023 filed Feb 14, 2024 | $23.89B | 40 | MSFT 12.5% |
| Q3 2023 filed Nov 14, 2023 | $22.01B | 39 | MSFT 12.4% | |
| Q2 2023 filed Aug 14, 2023 | $23.83B | 39 | MSFT 12.9% | |
| Q1 2023 filed May 15, 2023 | $23.17B | 40 | MSFT 11.2% | |
| 2022 | Q4 2022 filed Feb 14, 2023 | $21.90B | 38 | MSFT 9.9% |
| Q3 2022 filed Nov 14, 2022 | $21.07B | 46 | MSFT 10.3% | |
| Q2 2022 filed Aug 15, 2022 | $22.66B | 43 | MSFT 11.4% | |
| Q1 2022 filed May 16, 2022 | $29.12B | 44 | MSFT 10.6% | |
| 2021 | Q4 2021 filed Feb 14, 2022 | $40.98B | 44 | MSFT 10.7% |
| Q3 2021 filed Nov 12, 2021 | $36.17B | 43 | MSFT 9.4% | |
| Q2 2021 filed Aug 13, 2021 | $36.09B | 43 | PYPL 9.9% | |
| Q1 2021 filed May 14, 2021 | $31.44B | 42 | PYPL 9.5% | |
| 2020 | Q4 2020 filed Feb 12, 2021 | $30.17B | 39 | PYPL 9.6% |
| Q3 2020 filed Nov 12, 2020 | $25.60B | 36 | MSFT 9.8% | |
| Q2 2020 filed Aug 12, 2020 | $22.92B | 34 | MSFT 10.6% | |
| Q1 2020 filed May 14, 2020 | $17.77B | 34 | MSFT 10.6% | |
| 2019 | Q4 2019 filed Feb 13, 2020 | $21.17B | 31 | MSFT 9.1% |
| Q3 2019 filed Nov 12, 2019 | $19.56B | 31 | MSFT 8.7% | |
| Q2 2019 filed Aug 9, 2019 | $19.19B | 31 | PYPL 9.2% | |
| Q1 2019 filed May 13, 2019 | $17.60B | 31 | PYPL 9.1% | |
| 2018 | Q4 2018 filed Feb 14, 2019 | $15.75B | 32 | MSFT 8.7% |
| Q3 2018 filed Nov 9, 2018 | $14.91B | 17 | MSFT 9.3% | |
| Q2 2018 filed Aug 22, 2018 | $13.44B | 17 | PYPL 9.4% | |
| Q1 2018 filed Apr 30, 2018 | $12.13B | 17 | PYPL 9.5% | |
| 2017 | Q4 2017 filed Feb 13, 2018 | $11.67B | 18 | PYPL 9.1% |
| Q3 2017 filed Nov 14, 2017 | $10.33B | 17 | IDXX 15.3% | |
| Q2 2017 filed Aug 14, 2017 | $9.54B | 19 | BCRUSD 8.4% | |
| Q1 2017 filed May 5, 2017 | $8.61B | 18 | IDXX 8.0% | |
| 2016 | Q4 2016 filed Feb 13, 2017 | $7.59B | 18 | MSFT 8.4% |
| Q3 2016 filed Nov 14, 2016 | $7.32B | 19 | MSFT 7.8% | |
| Q2 2016 filed Aug 26, 2016 | $6.31B | 19 | SJM 8.3% | |
| Q1 2016 filed Apr 27, 2016 | $4.65B | 17 | MSFT 9.3% | |
| 2015 | Q4 2015 filed Feb 16, 2016 | $3.98B | 18 | MSFT 10.5% |
| Q3 2015 filed Oct 20, 2015 | $3.28B | 20 | MSFT 10.2% | |
| Q2 2015 filed Aug 17, 2015 | $3.18B | 19 | MSFT 10.0% | |
| Q1 2015 filed Jun 3, 2015 | $3.09B | 20 | MSFT 9.4% | |
| 2014 | Q4 2014 filed Feb 10, 2015 | $2.80B | 16 | MCD 10.1% |
| Q3 2014 filed Nov 5, 2014 | $2.34B | 16 | MCD 10.9% | |
| Q2 2014 filed Aug 11, 2014 | $2.17B | 16 | MCD 10.1% | |
| Q1 2014 filed Apr 29, 2014 | $1.91B | 15 | SYK 9.5% | |
| 2013 | Q4 2013 filed Jan 21, 2014 | $1.61B | 15 | SYK 9.9% |
| Q3 2013 filed Nov 7, 2013 | $1.50B | 16 | DPZ 10.1% | |
| Q2 2013 filed Jul 19, 2013 | $1.42B | 17 | SYK 9.2% | |
| Q1 2013 filed Jun 25, 2013 | $1.25B | 17 | SYK 9.8% |
Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.