Fundsmith LLP

LONDON, X0 · CIK 0001569205

Portfolio Value: $17.12B

Positions: 37

Period: 2025-12-31

Filed: 2026-02-17

Portfolio Value

$17.12B

Positions

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Fundsmith LLP Q4 2025 13F Filing Summary

Fundsmith LLP (LONDON, X0) reported a portfolio value of $17.12B across 37 positions in their Q4 2025 SEC 13F filing (period ending 2025-12-31). Top holdings include WAT ($1.35B), SYK ($1.30B), IEX ($1.27B). The top 10 positions account for 66.9% of the portfolio. This quarter saw 2 new positions, 4 increases, 22 reductions, 42 complete exits. Notable new buys: NTNX ($71.19M), ADMA ($38.34M). Notable exits: CHH, EXPO, MA.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	WATWATERS CORP COM	941848103	$1.35B	3,557,978	7.90%	-10.0%
2	SYKSTRYKER CORPORATION COM	863667101	$1.30B	3,687,511	7.57%	-19.7%
3	IEXIDEXX LABS INC COM	45168D104	$1.27B	1,876,035	7.42%	-28.1%
4	VVISA INC COM CL A	92826C839	$1.24B	3,534,684	7.24%	-8.3%
5	MARMARRIOTT INTL INC NEW CL A	571903202	$1.23B	3,979,927	7.21%	-5.9%
6	GOOGLALPHABET INC CAP STK CL A	02079K305	$1.10B	3,498,519	6.40%	-44.4%
7	ADPAUTOMATIC DATA PROCESSING IN COM	53015103	$1.07B	4,177,969	6.28%	-3.1%
8	MSFTMICROSOFT CORP COM	594918104	$1.01B	2,079,971	5.88%	-19.5%
9	PMPHILIP MORRIS INTL INC COM	718172109	$982.39M	6,124,597	5.74%	-14.8%
10	METAMETA PLATFORMS INC CL A	30303M102	$900.06M	1,363,539	5.26%	-12.5%
11	MTDMETTLER TOLEDO INTERNATIONAL COM	592688105	$809.34M	580,507	4.73%	-1.7%
12	PGPROCTER AND GAMBLE CO COM	742718109	$608.79M	4,248,048	3.56%	-7.2%
13	CHDCHURCH AND DWIGHT CO INC COM	171340102	$564.18M	6,728,404	3.30%	-1.0%
14	FTNTFORTINET INC COM	3.4959e+113	$517.44M	6,516,011	3.02%	-22.6%
15	ZTSZOETIS INC CL A	98978V103	$490.80M	3,900,803	2.87%	+7.9%
16	TXNTEXAS INSTRS INC COM	882508104	$455.16M	2,623,552	2.66%	-3.6%
17	INTUINTUIT COM	461202103	$414.42M	625,619	2.42%	+3.5%
18	NKENIKE INC CL B	654106103	$367.62M	5,770,181	2.15%	-5.9%
19	OTISOTIS WORLDWIDE CORP COM	68902V107	$271.87M	3,112,380	1.59%	-46.5%
20	MSCIMSCI INC COM	55354G100	$95.59M	166,619	0.56%	-
21	ROLROLLINS INC COM	775711104	$88.75M	1,478,629	0.52%	-
22	QLYSQUALYS INC COM	74758T303	$86.09M	647,806	0.50%	-25.6%
23	PAYCPAYCOM SOFTWARE INC COM	70432V102	$83.41M	523,433	0.49%	-
24	ODDODDITY TECH LTD SHS CL A	M7518J104	$83.34M	2,074,167	0.49%	+46.4%
25	CPRXCATALYST PHARMACEUTICALS INC COM	14888U101	$78.51M	3,363,807	0.46%	-
26	NSSCNAPCO SEC TECHNOLOGIES INC COM	630402105	$74.22M	1,779,857	0.43%	-
27	DOCSDOXIMITY INC CL A	26622P107	$73.06M	1,650,002	0.43%	+21.7%
28	NTNXNUTANIX INC CL A	67059N108	$71.19M	1,377,158	0.42%	New
29	VRTVERTIV HOLDINGS CO COM CL A	92537N108	$66.58M	410,944	0.39%	-30.5%
30	VRSNVERISIGN INC COM	9.2343e+106	$65.75M	270,634	0.38%	-
31	CLXCLOROX CO DEL COM	189054109	$61.86M	613,497	0.36%	-
32	MANHMANHATTAN ASSOCIATES INC COM	562750109	$49.97M	288,332	0.29%	-
33	GGGGRACO INC COM	384109104	$47.46M	579,016	0.28%	-35.7%
34	MEDPMEDPACE HLDGS INC COM	58506Q109	$46.37M	82,567	0.27%	-35.3%
35	ADMAADMA BIOLOGICS INC COM	899104	$38.34M	2,102,054	0.22%	New
36	SABRSABRE CORP COM	78573M104	$29.24M	21,499,095	0.17%	-
37	HDHOME DEPOT INC COM	437076102	$27.60M	80,206	0.16%	-5.5%

Position Changes

Stock	Value	Shares
NTNXNUTANIX INC	$71.19M	1,377,158
ADMAADMA BIOLOGICS INC	$38.34M	2,102,054