Fundsmith LLP

LONDON, X0 · CIK 1569205 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2014 · limited liability partnership

Assets managed$18.5bn
Staff43 · 5 in investment roles
Main clients (by assets)Private funds 100%
Private funds2 · $608.4m gross assets
Websitefundsmith.mu
Form ADV · 2026-06-26SEC adviser record

Legal entityFUNDSMITH LLP (GB)

KindFCA fund manager
Others nearbyLondon, Stamford, CT
FamilyFundsmith LLP · 2 related pages

As an employer

Offices in1 country
Private fundsother private 2

In the UK

FCA-authorised companies1
Runs fundsyes

Company	Town	Staff	Pay gap report	FCA register
FUNDSMITH LLP Limited Liability PartnershipFCA: Authorised · manages AIFs	London			Authorisedmanages AIFs

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

$13.6bn reported value +6.4% vs Q1 2026

41positions

52.5%in top 10

13 new 4 added 21 reduced 6 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MARRIOTT INTL INC NEW CL A MAR	MAR	2,585,757	$958.3m7.02%	7.02%	Reduced -785.1k	-785,115 -23.3%
2	STRYKER CORPORATION COM SYK	SYK	2,913,833	$917.4m6.72%	6.72%	Reduced -147.6k	-147,583 -4.8%
3	WATERS CORP COM WAT	WAT	2,273,632	$852.7m6.25%	6.25%	Reduced -938.4k	-938,443 -29.2%
4	VISA INC COM CL A V	V	2,019,810	$693.0m5.08%	5.08%	Reduced -1.1m	-1,084,280 -34.9%
5	UBER TECHNOLOGIES INC COM UBER	UBER	8,943,151	$645.3m4.73%	4.73%	New
6	MASTERCARD INCORPORATED CL A MA	MA	1,245,051	$639.5m4.69%	4.69%	New
7	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,773,354	$633.7m4.64%	4.64%	Reduced -1.2m	-1,182,844 -40.0%
8	CHURCH & DWIGHT CO INC COM CHD	CHD	6,456,634	$625.5m4.58%	4.58%	Reduced -184.9k	-184,874 -2.8%
9	PROCTER AND GAMBLE CO COM PG	PG	4,078,371	$598.1m4.38%	4.38%	Reduced -121.5k	-121,543 -2.9%
10	MICROSOFT CORP COM MSFT	MSFT	1,596,737	$595.6m4.36%	4.36%	Reduced -483.0k	-483,000 -23.2%
11	META PLATFORMS INC CL A META	META	1,051,876	$592.5m4.34%	4.34%	Reduced -269.5k	-269,499 -20.4%
12	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	2,601,567	$582.6m4.27%	4.27%	Reduced -1.3m	-1,253,538 -32.5%
13	FORTINET INC COM FTNT	FTNT	3,629,938	$557.6m4.09%	4.09%	Reduced -2.5m	-2,526,737 -41.0%
14	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	1,148,449	$548.5m4.02%	4.02%	New
15	IDEXX LABS INC COM IDXX	IDXX	1,019,887	$536.9m3.93%	3.93%	Reduced -445.9k	-445,899 -30.4%
16	TEXAS INSTRS INC COM TXN	TXN	1,799,182	$536.3m3.93%	3.93%	Reduced -823.9k	-823,942 -31.4%
17	PHILIP MORRIS INTL INC COM PM	PM	2,913,693	$527.1m3.86%	3.86%	Reduced -2.2m	-2,199,470 -43.0%
18	NETFLIX INC COM NFLX	NFLX	6,990,345	$499.1m3.66%	3.66%	New
19	GE VERNOVA INC COM GEV	GEV	409,835	$481.5m3.53%	3.53%	New
20	APPLOVIN CORP COM CL A APP	APP	696,568	$358.9m2.63%	2.63%	New
21	TJX COS INC NEW COM TJX	TJX	2,272,592	$344.3m2.52%	2.52%	New
22	NEXTRACKER INC CLASS A COM NXT	NXT	2,856,092	$340.3m2.49%	2.49%	New
23	VEEVA SYS INC CL A COM VEEV	VEEV	816,785	$145.0m1.06%	1.06%	New
24	YUM BRANDS INC COM YUM	YUM	556,107	$88.9m0.65%	0.65%	New
25	MSCI INC COM MSCI	MSCI	53,580	$30.0m0.22%	0.22%	Reduced -11.2k	-11,208 -17.3%
26	MEDPACE HLDGS INC COM MEDP	MEDP	52,372	$27.7m0.20%	0.20%	Reduced -10.3k	-10,296 -16.4%
27	NUTANIX INC CL A NTNX	NTNX	538,281	$27.4m0.20%	0.20%	Reduced -39.1k	-39,111 -6.8%
28	BADGER METER INC COM BMI	BMI	174,627	$25.9m0.19%	0.19%	Added +32.1k	+32,136 22.6%
29	CLOROX CO DEL COM CLX	CLX	271,318	$25.9m0.19%	0.19%	Added +14.1k	+14,101 5.5%
30	ROLLINS INC COM ROL	ROL	619,935	$25.9m0.19%	0.19%	Unchanged
31	MANHATTAN ASSOCIATES INC COM MANH	MANH	172,977	$24.1m0.18%	0.18%	Added +52.1k	+52,089 43.1%
32	NAPCO SEC TECHNOLOGIES INC COM NSSC	NSSC	606,974	$23.1m0.17%	0.17%	Added +223.4k	+223,378 58.2%
33	FAIR ISAAC CORP COM FICO	FICO	17,953	$21.4m0.16%	0.16%	New
34	SABRE CORP COM SABR	SABR	9,013,783	$18.8m0.14%	0.14%	Unchanged
35	INTERDIGITAL INC COM IDCC	IDCC	60,324	$17.1m0.13%	0.13%	New
36	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	162,691	$15.0m0.11%	0.11%	New
37	VERTIV HOLDINGS CO COM CL A VRT	VRT	41,893	$14.0m0.10%	0.10%	Reduced -49.4k	-49,361 -54.1%
38	VERISIGN INC COM VRSN	VRSN	55,713	$14.0m0.10%	0.10%	Reduced -57.8k	-57,754 -50.9%
39	ADMA BIOLOGICS INC COM ADMA	ADMA	1,649,493	$13.8m0.10%	0.10%	Unchanged
40	DOXIMITY INC CL A DOCS	DOCS	653,324	$13.5m0.10%	0.10%	Reduced -38.5k	-38,462 -5.6%
41	PAYCOM SOFTWARE INC COM PAYC	PAYC	100,763	$12.7m0.09%	0.09%	Reduced -118.7k	-118,694 -54.1%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
METTLER TOLEDO INTERNATIONAL MTD	MTD	568,516	$717.0m568.5k shares
ZOETIS INC ZTS	ZTS	3,877,559	$458.4m3.9m shares
OTIS WORLDWIDE CORP OTIS	OTIS	2,731,635	$210.6m2.7m shares
CATALYST PHARMACEUTICALS INC CPRX	CPRX	844,887	$20.9m844.9k shares
QUALYS INC QLYS	QLYS	226,077	$19.9m226.1k shares
HOME DEPOT INC HD	HD	28,611	$9.4m28.6k shares