whalepapers
Overview/ Fundsmith LLP/ Q4 2025

Fundsmith LLP

Terry Smith · As of Q4 2025 · filed Feb 17, 2026

Q4 2025

Holdings

37 positions · Δ vs prior quarter
WAT WATERS CORP
$1.35B
7.9%
3,557,978 −397,520 −10.0% Reduced
SYK STRYKER CORP
$1.30B
7.6%
3,687,511 −903,782 −19.7% Reduced
IDXX IDEXX LABORATORIES INC
$1.27B
7.4%
1,876,035 −734,422 −28.1% Reduced
V VISA INC-CLASS A SHARES
$1.24B
7.2%
3,534,684 −319,652 −8.3% Reduced
MAR MARRIOTT INTERNATIONAL -CL A
$1.23B
7.2%
3,979,927 −248,371 −5.9% Reduced
GOOGL ALPHABET INC-CL A
$1.10B
6.4%
3,498,519 −2,790,833 −44.4% Reduced
ADP AUTOMATIC DATA PROCESSING
$1.07B
6.3%
4,177,969 −133,634 −3.1% Reduced
MSFT MICROSOFT CORP
$1.01B
5.9%
2,079,971 −503,398 −19.5% Reduced
PM PHILIP MORRIS INTERNATIONAL
$982.4M
5.7%
6,124,597 −1,063,547 −14.8% Reduced
META META PLATFORMS INC-CLASS A
$900.1M
5.3%
1,363,539 −195,125 −12.5% Reduced
MTD METTLER-TOLEDO INTERNATIONAL
$809.3M
4.7%
580,507 −10,147 −1.7% Reduced
PG PROCTER & GAMBLE CO
$608.8M
3.6%
4,248,048 −328,992 −7.2% Reduced
CHD CHURCH & DWIGHT CO INC
$564.2M
3.3%
6,728,404 −66,240 −1.0% Reduced
FTNT FORTINET INC
$517.4M
3.0%
6,516,011 −1,904,081 −22.6% Reduced
ZTS ZOETIS INC
$490.8M
2.9%
3,900,803 +285,672 +7.9% Added
TXN TEXAS INSTRUMENTS INC
$455.2M
2.7%
2,623,552 −98,329 −3.6% Reduced
INTU INTUIT INC
$414.4M
2.4%
625,619 +21,163 +3.5% Added
NKE NIKE INC -CL B
$367.6M
2.1%
5,770,181 −359,302 −5.9% Reduced
OTIS OTIS WORLDWIDE CORP
$271.9M
1.6%
3,112,380 −2,706,771 −46.5% Reduced
MSCI MSCI INC
$95.6M
0.6%
166,619 Held
ROL ROLLINS INC
$88.7M
0.5%
1,478,629 Held
QLYS QUALYS INC
$86.1M
0.5%
647,806 −223,053 −25.6% Reduced
PAYC PAYCOM SOFTWARE INC
$83.4M
0.5%
523,433 Held
ODD ODDITY TECH LTD-CL A
$83.3M
0.5%
2,074,167 +657,211 +46.4% Added
CATALYST PHARMACEUTICALS INC
$78.5M
0.5%
3,363,807 Held
NSSC NAPCO SECURITY TECHNOLOGIES
$74.2M
0.4%
1,779,857 Held
DOCS DOXIMITY INC-CLASS A
$73.1M
0.4%
1,650,002 +294,058 +21.7% Added
NTNX NUTANIX INC - A
$71.2M
0.4%
1,377,158 +1,377,158 New
VRT VERTIV HOLDINGS CO-A
$66.6M
0.4%
410,944 −180,506 −30.5% Reduced
VRSN VERISIGN INC
$65.8M
0.4%
270,634 Held
CLX CLOROX COMPANY
$61.9M
0.4%
613,497 Held
MANH MANHATTAN ASSOCIATES INC
$50.0M
0.3%
288,332 Held
GGG GRACO INC
$47.5M
0.3%
579,016 −321,529 −35.7% Reduced
MEDP MEDPACE HOLDINGS INC
$46.4M
0.3%
82,567 −44,970 −35.3% Reduced
ADMA ADMA BIOLOGICS INC
$38.3M
0.2%
2,102,054 +2,102,054 New
SABR SABRE CORP
$29.2M
0.2%
21,499,095 Held
HD HOME DEPOT INC
$27.6M
0.2%
80,206 −4,654 −5.5% Reduced

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.