Reported positions
Quarter-end holdings as filed
Explore the full published position list and its source filing. This record excludes the manager’s cash, shorts and non-13(f) assets.
Fundsmith
Terry Smith · Asset managers · notable · $12.8B reported 13(f) long value · filed as Fundsmith LLP · latest quarter 2026-03-31 · CIK 1569205 · EDGAR ↗
- sum of disclosed values for 2026-03-31; 0 positions carry a NULL value and are excluded from the sum, surfaced here rather than folded away
- $12.8B
- ALL retained default holdings for this (filer, period), including NULL-value ones
- 34
- positions with no comparable holding in the prior quarter (kind new), 2026-03-31
- 1
- positions absent from this quarter's filing after being held last quarter (kind exit), 2026-03-31 — inferred from absence, not a sale record
- 4
A quarter-end snapshot. Filed up to 45 days later, so this page is not current holdings and never a complete portfolio. what a 13F is — and is not ↓ methodology §13F ↗
Position changes — into 2026-03-31
by shares · Δ value · filing link · how changes are classified §Period
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match identity_reconciled_by_cusip | the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE classified_by_value · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake | derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero | Prev value | Curr value | Prev shares | Curr shares | |
|---|---|---|---|---|---|---|---|
position key pos:13801 · issuer key iss:1188 CL A | TRIM | −$132M | −609,055 | $1.2B | $1.1B | 3,979,927 | 3,370,872 |
position key pos:15220 · issuer key iss:1725 COM | TRIM | −$290M | −626,095 | $1.3B | $1.0B | 3,687,511 | 3,061,416 |
position key pos:11276 · issuer key iss:1947 COM | TRIM | −$395M | −345,903 | $1.4B | $957M | 3,557,978 | 3,212,075 |
position key pos:12848 · issuer key iss:1921 COM CL A | TRIM | −$301M | −430,594 | $1.2B | $938M | 3,534,684 | 3,104,090 |
position key pos:15142 · issuer key iss:89 CAP STK CL A | TRIM | −$245M | −542,321 | $1.1B | $850M | 3,498,519 | 2,956,198 |
position key pos:15198 · issuer key iss:1445 COM | TRIM | −$137M | −1,011,434 | $982M | $845M | 6,124,597 | 5,113,163 |
position key pos:16368 · issuer key iss:953 COM | TRIM | −$446M | −410,249 | $1.3B | $824M | 1,876,035 | 1,465,786 |
position key pos:10793 · issuer key iss:195 COM | TRIM | −$291M | −322,864 | $1.1B | $783M | 4,177,969 | 3,855,105 |
position key pos:11825 · issuer key iss:1225 COM | TRIM | −$236M | −234 | $1.0B | $770M | 2,079,971 | 2,079,737 |
position key pos:11390 · issuer key iss:720 CL A | TRIM | −$144M | −42,164 | $900M | $756M | 1,363,539 | 1,321,375 |
position key pos:17837 · issuer key iss:1223 COM | TRIM | −$92.3M | −11,991 | $809M | $717M | 580,507 | 568,516 |
position key pos:16657 · issuer key iss:446 COM | TRIM | +$55.6M | −86,896 | $564M | $620M | 6,728,404 | 6,641,508 |
position key pos:14992 · issuer key iss:1485 COM | TRIM | −$2.2M | −48,134 | $609M | $607M | 4,248,048 | 4,199,914 |
position key pos:16841 · issuer key iss:1791 COM | TRIM | +$54.1M | −428 | $455M | $509M | 2,623,552 | 2,623,124 |
position key pos:11239 · issuer key iss:764 COM | TRIM | −$14.3M | −359,336 | $517M | $503M | 6,516,011 | 6,156,675 |
position key pos:11897 · issuer key iss:2010 CL A | TRIM | −$32.4M | −23,244 | $491M | $458M | 3,900,803 | 3,877,559 |
position key pos:14318 · issuer key iss:1382 COM | TRIM | −$61.3M | −380,745 | $272M | $211M | 3,112,380 | 2,731,635 |
position key pos:16004 · issuer key iss:1161 COM | TRIM | −$60.7M | −101,831 | $95.6M | $34.9M | 166,619 | 64,788 |
position key pos:11941 · issuer key iss:1573 COM | TRIM | −$55.6M | −858,694 | $88.7M | $33.1M | 1,478,629 | 619,935 |
position key pos:10679 · issuer key iss:1211 COM | TRIM | −$16.3M | −19,899 | $46.4M | $30.1M | 82,567 | 62,668 |
position key pos:11677 · issuer key iss:1901 COM | TRIM | −$37.6M | −157,167 | $65.8M | $28.2M | 270,634 | 113,467 |
position key pos:10415 · issuer key iss:1418 COM | TRIM | −$56.7M | −303,976 | $83.4M | $26.7M | 523,433 | 219,457 |
position key pos:13754 · issuer key iss:468 COM | TRIM | −$35.2M | −356,280 | $61.9M | $26.7M | 613,497 | 257,217 |
position key pos:16193 · issuer key iss:1909 COM CL A | TRIM | −$43.7M | −319,690 | $66.6M | $22.9M | 410,944 | 91,254 |
position key pos:11791 · issuer key iss:1333 CL A | TRIM | −$49.2M | −799,766 | $71.2M | $21.9M | 1,377,158 | 577,392 |
position key pos:12767 · issuer key iss:220 COM | NEW | +$21.7M | +142,491 | $0 | $21.7M | — | 142,491 |
position key pos:14204 · issuer key iss:409 COM | TRIM | −$57.6M | −2,518,920 | $78.5M | $20.9M | 3,363,807 | 844,887 |
position key pos:16589 · issuer key iss:1510 COM | TRIM | −$66.2M | −421,729 | $86.1M | $19.9M | 647,806 | 226,077 |
position key pos:17136 · issuer key iss:613 CL A | TRIM | −$56.9M | −958,216 | $73.1M | $16.1M | 1,650,002 | 691,786 |
position key pos:17719 · issuer key iss:1175 COM | TRIM | −$33.9M | −167,444 | $50.0M | $16.1M | 288,332 | 120,888 |
position key pos:11605 · issuer key iss:1271 COM | TRIM | −$59.1M | −1,396,261 | $74.2M | $15.1M | 1,779,857 | 383,596 |
position key pos:14879 · issuer key iss:3 COM | TRIM | −$23.5M | −452,561 | $38.3M | $14.9M | 2,102,054 | 1,649,493 |
position key pos:17345 · issuer key iss:1610 COM | TRIM | −$16.2M | −12,485,312 | $29.2M | $13.1M | 21,499,095 | 9,013,783 |
position key pos:10715 · issuer key iss:916 COM | TRIM | −$18.2M | −51,595 | $27.6M | $9.4M | 80,206 | 28,611 |
position key pos:13699 · issuer key iss:841 COM | EXIT‡e | −$47.5M | −579,016 | $47.5M | $0 | 579,016 | — |
position key pos:13832 · issuer key iss:996 COM | EXIT‡e | −$414M | −625,619 | $414M | $0 | 625,619 | — |
position key pos:13891 · issuer key iss:1313 CL B | EXIT‡e | −$368M | −5,770,181 | $368M | $0 | 5,770,181 | — |
position key sid:sec:prov:d5f325436fa5b000cb27ea1acf373e85 · issuer key cusip6:M7518J SHS CL A | EXIT‡e | −$83.3M | −2,074,167 | $83.3M | $0 | 2,074,167 | — |
Flags: no row carries a flag.
1–20 of the 38 changes on this page
Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.
Changes compare every position with a security identifier, new and exited included; holdings without one are counted, not compared. methodology §13F ↗
Reported positions — 2026-03-31
1–34 of 34 positions · $12.8B disclosed value over 34 rows · 0 undisclosed-value rowsViewthis build publishes the selected quarter and the one before it, so a displayed change can be inspected on both sides
| This list carries reported issuer names and security identities, without a dated ticker mapping. Symbols are not inferred from names. | a position composed from a base filing plus NEW-HOLDINGS amendments keeps every source row here; the composition's latest filed date is the one shown served from this build's published holdings (derived from the filer's own reported rows); every row resolves to its filing | Share of total reported value, calculated only when the full position list has disclosed values. This is 13F long value, not total assets. | value undisclosed on the filing: retained and counted, excluded from sums, never shown as $0 | Shares | Wt |
|---|---|---|---|---|---|
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | MARRIOTT INTL INC NEW · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $1.1B | 3,370,872 | 8.6% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | STRYKER CORPORATION · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $1.0B | 3,061,416 | 7.8% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | WATERS CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $957M | 3,212,075 | 7.5% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | VISA INC · COM CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $938M | 3,104,090 | 7.3% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | ALPHABET INC · CAP STK CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $850M | 2,956,198 | 6.6% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | PHILIP MORRIS INTL INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $845M | 5,113,163 | 6.6% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | IDEXX LABS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $824M | 1,465,786 | 6.4% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | AUTOMATIC DATA PROCESSING IN · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $783M | 3,855,105 | 6.1% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | MICROSOFT CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $770M | 2,079,737 | 6.0% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | META PLATFORMS INC · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $756M | 1,321,375 | 5.9% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | METTLER TOLEDO INTERNATIONAL · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $717M | 568,516 | 5.6% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | CHURCH & DWIGHT CO INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $620M | 6,641,508 | 4.8% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | PROCTER & GAMBLE CO · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $607M | 4,199,914 | 4.7% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | TEXAS INSTRS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $509M | 2,623,124 | 4.0% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | FORTINET INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $503M | 6,156,675 | 3.9% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | ZOETIS INC · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $458M | 3,877,559 | 3.6% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | OTIS WORLDWIDE CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $211M | 2,731,635 | 1.6% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | MSCI INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $34.9M | 64,788 | 0.3% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | ROLLINS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $33.1M | 619,935 | 0.3% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | MEDPACE HLDGS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $30.1M | 62,668 | 0.2% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | VERISIGN INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $28.2M | 113,467 | 0.2% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | PAYCOM SOFTWARE INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $26.7M | 219,457 | 0.2% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | CLOROX CO DEL · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $26.7M | 257,217 | 0.2% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | VERTIV HOLDINGS CO · COM CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $22.9M | 91,254 | 0.2% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | NUTANIX INC · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $21.9M | 577,392 | 0.2% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | BADGER METER INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $21.7M | 142,491 | 0.2% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | CATALYST PHARMACEUTICALS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $20.9M | 844,887 | 0.2% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | QUALYS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $19.9M | 226,077 | 0.2% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | DOXIMITY INC · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $16.1M | 691,786 | 0.1% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | MANHATTAN ASSOCIATES INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $16.1M | 120,888 | 0.1% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | NAPCO SEC TECHNOLOGIES INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $15.1M | 383,596 | 0.1% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | ADMA BIOLOGICS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $14.9M | 1,649,493 | 0.1% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | SABRE CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $13.1M | 9,013,783 | 0.1% | |
| verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | HOME DEPOT INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $9.4M | 28,611 | 0.1% |
1–20 of 34 positions
Change kind and share change are in Position changes above; Congress overlap is planned.
1–34 of 34 positions · page 1 of 1
One line per issuer, largest first; a row with no issuer key stands on its own line. Open a line for its rows as this filer reported them. The list holds every row this filer reported for the quarter. Issuer totals on the holders pages count each manager's own report once; that never removes a row here. how positions are grouped ↗
Book shape
2026-03-31 · concentration · vs tracked median · tick = median- Top-25 concentration
- 98.8%above median 80.0%
- Concentration index
- 605 bpsabove median 446 bps
- Positions with value
- 34 / 34median book 97.5 positions
Concentration uses reported 13F long value, not total assets. The index is withheld when any position lacks a value. Medians are over the 8,748 tracked filers with a 2026-03-31 book; the index median over the 8,662 with a complete book.
holdings whose <value> did not parse — retained and counted, never zero-filled: 0 · : 98.8% · integer Herfindahl–Hirschman index in basis points over disclosed position values: 605 · QoQ moves: 38
Filing history
AVAILABLE QUARTERSPLANNED sector rotation · Congress overlap · signals for this filer
Complete source filings on SEC EDGAR
The complete filing on EDGAR.
The position list above is served from the published Public Filings build, each position as this filer reported it; where the page cannot embed every reported row, the list says how many it leaves out. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Public Filings decided on 2026-08-01 to serve this list from its published build; filings newer than this build are on EDGAR.
Open Fundsmith LLP's 13F filings on SEC EDGAR ↗Notes on this data
Share changes
Compare consecutive quarters
Position changes retain the producer’s classification and comparability flags. Share counts and reported values describe different changes.
Coverage
A snapshot, not current holdings
Use the quarter selector to inspect available periods. Unknown values stay unknown and each table states its coverage.
A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗
13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.
Positions are quarter-end snapshots filed up to 45 days late — not current holdings. A position may have been changed or closed before you ever see it, and is older still by however long ago that quarter ended.
Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars with unit_basis carried on every record.
Affiliated managers may report the same position (otherManager), so one position can appear under more than one filer.
Positions under confidential treatment may be omitted until a later amendment discloses them.
These are disclosures, not investment advice (ARCHITECTURE.md §5.2 / M2-CONTRACT §5).