Fundsmith Investment Services Ltd.
Net seller this quarter
$4.52B
27
-$331M
55.2%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 MAR | $334M | 7.40% | 0.34% | -24.8% | Q1 2023 |
 SYK | $331M | 7.32% | 0.27% | -11.4% | Q2 2021 |
 WAT | $314M | 6.95% | 0.85% | -23.6% | Q1 2022 |
 CHD | $246M | 5.44% | 1.07% | -2.3% | Q1 2022 |
 V | $233M | 5.17% | 0.04% | -33.6% | Q2 2021 |
 TXN | $226M | 5.01% | 0.08% | -12.4% | Q1 2024 |
 UBER | $213M | 4.72% | 0.14% | New | Q2 2026 |
 MA | $202M | 4.47% | 0.03% | Not reported | Q2 2021 |
 GOOGL | $200M | 4.42% | 0.00% | -50.7% | Q1 2022 |
 TSM | $197M | 4.35% | 0.00% | +14322.6% | Q1 2024 |
 META | $192M | 4.25% | Not reported | -27.4% | Q2 2021 |
 MSFT | $189M | 4.17% | 0.01% | -23.9% | Q2 2021 |
 ADP | $184M | 4.08% | 0.21% | -37.9% | Q1 2022 |
 FTNT | $173M | 3.83% | 0.15% | -32.2% | Q2 2023 |
 IDXX | $172M | 3.81% | 0.41% | -32.1% | Q1 2022 |
 PM | $171M | 3.78% | 0.06% | -43.7% | Q1 2022 |
 PG | $159M | 3.52% | 0.05% | -38.3% | Q1 2022 |
 NFLX | $156M | 3.46% | 0.05% | New | Q2 2026 |
 GEV | $151M | 3.34% | 0.05% | New | Q2 2026 |
 APP | $121M | 2.67% | 0.07% | New | Q2 2026 |
 TJX | $109M | 2.42% | 0.07% | +22357.2% | Q4 2025 |
 NXT | $108M | 2.38% | 0.66% | New | Q2 2026 |
 VEEV | $46M | 1.02% | 0.16% | New | Q2 2026 |
 BMI | $37.3M | 0.82% | 0.86% | +89.4% | Q4 2025 |
 YUM | $28.5M | 0.63% | 0.06% | New | Q2 2026 |
 WM | $25.6M | 0.57% | 0.03% | +63.2% | Q4 2024 |
 ORLY | $498K | 0.01% | 0.00% | Not reported | Q2 2021 |
| Q1 2026 | |||||
| MAR | $392M | 8.90% | 0.45% | -9.0% | Q1 2023 |
| SYK | $390M | 8.85% | 0.31% | -9.3% | Q2 2021 |
| WAT | $327M | 7.41% | 1.12% | -4.3% | Q1 2022 |
| GOOGL | $326M | 7.40% | 0.01% | -9.8% | Q1 2022 |
| V | $310M | 7.04% | 0.05% | -5.0% | Q2 2021 |
 MTD | $281M | 6.38% | 1.10% | -7.1% | Q1 2022 |
| PM | $277M | 6.30% | 0.11% | -19.8% | Q1 2022 |
| IDXX | $271M | 6.14% | 0.61% | -13.1% | Q1 2022 |
| ADP | $270M | 6.12% | 0.33% | -0.8% | Q1 2022 |
| META | $268M | 6.09% | Not reported | -10.4% | Q2 2021 |
| PG | $254M | 5.77% | 0.08% | -0.9% | Q1 2022 |
| MSFT | $246M | 5.58% | 0.01% | -0.7% | Q2 2021 |
| CHD | $242M | 5.50% | 1.10% | -0.9% | Q1 2022 |
| TXN | $168M | 3.82% | 0.10% | -0.6% | Q1 2024 |
| FTNT | $136M | 3.08% | 0.23% | -8.7% | Q2 2023 |
 ZTS | $132M | 3.01% | 0.27% | -7.2% | Q2 2021 |
 OTIS | $74.5M | 1.69% | 0.25% | -22.8% | Q2 2021 |
| BMI | $20.2M | 0.46% | 0.45% | Not reported | Q4 2025 |
| WM | $16.2M | 0.37% | 0.02% | Not reported | Q4 2024 |
 HD | $1.51M | 0.03% | 0.00% | -50.8% | Q2 2021 |
| TSM | $964K | 0.02% | 0.00% | +371.6% | Q1 2024 |
 AAPL | $554K | 0.01% | 0.00% | +260.8% | Q3 2022 |
| TJX | $513K | 0.01% | 0.00% | +178.2% | Q4 2025 |
 AMZN | $414K | 0.01% | 0.00% | +178.2% | Q2 2021 |
| Q4 2025 | |||||
| SYK | $460M | 8.41% | 0.34% | -15.9% | Q2 2021 |
| WAT | $435M | 7.96% | 1.92% | -15.5% | Q1 2022 |
| MAR | $409M | 7.48% | 0.50% | -9.9% | Q1 2023 |
| GOOGL | $394M | 7.20% | 0.01% | -35.4% | Q1 2022 |
| V | $379M | 6.93% | 0.06% | -13.6% | Q2 2021 |
| IDXX | $375M | 6.86% | 0.69% | -19.5% | Q1 2022 |
| META | $346M | 6.32% | Not reported | -26.0% | Q2 2021 |
| ADP | $344M | 6.30% | 0.33% | -7.4% | Q1 2022 |
| PM | $336M | 6.14% | 0.13% | -6.4% | Q1 2022 |
| MTD | $334M | 6.11% | 1.08% | -5.5% | Q1 2022 |
| MSFT | $323M | 5.92% | 0.01% | -33.5% | Q2 2021 |
| PG | $255M | 4.66% | 0.08% | -5.9% | Q1 2022 |
| CHD | $220M | 4.02% | 1.09% | -6.6% | Q1 2022 |
| ZTS | $152M | 2.78% | 0.28% | +2.6% | Q2 2021 |
| TXN | $151M | 2.77% | 0.10% | -11.5% | Q1 2024 |
| FTNT | $144M | 2.64% | 0.24% | -20.2% | Q2 2023 |
 NKE | $142M | 2.59% | 0.13% | -3.8% | Q2 2021 |
 INTU | $117M | 2.14% | 0.06% | -6.5% | Q2 2021 |
| OTIS | $109M | 2.00% | 0.32% | -23.9% | Q2 2021 |
| BMI | $23.1M | 0.42% | 0.36% | New | Q4 2025 |
| WM | $15.5M | 0.28% | 0.02% | Not reported | Q4 2024 |
| HD | $3.21M | 0.06% | 0.00% | -33.7% | Q2 2021 |
| TSM | $184K | 0.00% | 0.00% | Not reported | Q1 2024 |
| TJX | $177K | 0.00% | 0.00% | New | Q4 2025 |
| AMZN | $165K | 0.00% | 0.00% | Not reported | Q2 2021 |
| AAPL | $164K | 0.00% | 0.00% | Not reported | Q3 2022 |
| Q3 2025 | |||||
| SYK | $574M | 8.95% | 0.41% | -4.7% | Q2 2021 |
| MSFT | $521M | 8.12% | 0.01% | -36.8% | Q2 2021 |
| META | $520M | 8.10% | Not reported | -38.1% | Q2 2021 |
| GOOGL | $473M | 7.37% | 0.02% | -2.8% | Q1 2022 |
| IDXX | $440M | 6.85% | 0.86% | -18.5% | Q1 2022 |
| V | $427M | 6.65% | 0.07% | -4.7% | Q2 2021 |
| ADP | $424M | 6.61% | 0.36% | -4.1% | Q1 2022 |
| WAT | $407M | 6.34% | 2.28% | +11.1% | Q1 2022 |
| MAR | $381M | 5.94% | 0.54% | -2.7% | Q1 2023 |
| PM | $362M | 5.65% | 0.14% | -20.0% | Q1 2022 |
| MTD | $312M | 4.86% | 1.24% | -2.6% | Q1 2022 |
| PG | $290M | 4.52% | 0.08% | -3.0% | Q1 2022 |
| CHD | $246M | 3.83% | 1.15% | -3.7% | Q1 2022 |
| FTNT | $192M | 2.99% | 0.31% | -9.2% | Q2 2023 |
| TXN | $181M | 2.82% | 0.11% | -1.6% | Q1 2024 |
| ZTS | $172M | 2.68% | 0.27% | +34.9% | Q2 2021 |
| NKE | $161M | 2.52% | 0.14% | +0.1% | Q2 2021 |
| OTIS | $150M | 2.34% | 0.42% | -2.9% | Q2 2021 |
| INTU | $129M | 2.01% | 0.07% | +65.3% | Q2 2021 |
 CPNG | $20.4M | 0.32% | Not reported | Not reported | Q1 2025 |
| WM | $15.6M | 0.24% | 0.02% | Not reported | Q4 2024 |
 IESC | $13.3M | 0.21% | 0.17% | Not reported | Q4 2024 |
| HD | $5.69M | 0.09% | 0.00% | -57.7% | Q2 2021 |