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 0001569205 · EDGAR ↗
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 ↗
Period
$12.8B
reported valuesum 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
34
positionsALL retained default holdings for this (filer, period), including NULL-value ones
1
new stakespositions with no comparable holding in the prior quarter (kind new), 2026-03-31
4
exitspositions absent from this quarter's filing after being held last quarter (kind exit), 2026-03-31 — inferred from absence, not a sale record
Position changes — into 2026-03-31
by shares · Δ value · filing link · how changes are classified §Positionposition matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match identity_reconciled_by_cusip | Changethe reported share count is unchanged across the pair, so the position reads as held rather than as a buy or a sell; only builds before this release inferred a direction from the reported value instead 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 (Add / New / 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 | Δ valuederived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero | Δ shares | Prev value | Curr value | Prev shares | Curr shares | Flags |
|---|---|---|---|---|---|---|---|---|
MARRIOTT INTL INC NEW CL Aposition key pos:14677 · issuer key iss:1427 | trim | −$132M | −609,055 | $1.2B | $1.1B | 3,979,927 | 3,370,872 | |
STRYKER CORPORATION COMposition key pos:16108 · issuer key iss:2049 | trim | −$290M | −626,095 | $1.3B | $1.0B | 3,687,511 | 3,061,416 | |
WATERS CORP COMposition key pos:12127 · issuer key iss:2308 | trim | −$395M | −345,903 | $1.4B | $957M | 3,557,978 | 3,212,075 | |
VISA INC COM CL Aposition key pos:13716 · issuer key iss:2278 | trim | −$301M | −430,594 | $1.2B | $938M | 3,534,684 | 3,104,090 | |
ALPHABET INC CAP STK CL Aposition key pos:16029 · issuer key iss:152 | trim | −$245M | −542,321 | $1.1B | $850M | 3,498,519 | 2,956,198 | |
PHILIP MORRIS INTL INC COMposition key pos:16086 · issuer key iss:1711 | trim | −$137M | −1,011,434 | $982M | $845M | 6,124,597 | 5,113,163 | |
IDEXX LABS INC COMposition key pos:17269 · issuer key iss:1161 | trim | −$446M | −410,249 | $1.3B | $824M | 1,876,035 | 1,465,786 | |
AUTOMATIC DATA PROCESSING IN COMposition key pos:11639 · issuer key iss:279 | trim | −$291M | −322,864 | $1.1B | $783M | 4,177,969 | 3,855,105 | |
MICROSOFT CORP COMposition key pos:12680 · issuer key iss:1473 | trim | −$236M | −234 | $1.0B | $770M | 2,079,971 | 2,079,737 | |
META PLATFORMS INC CL Aposition key pos:12241 · issuer key iss:891 | trim | −$144M | −42,164 | $900M | $756M | 1,363,539 | 1,321,375 | |
METTLER TOLEDO INTERNATIONAL COMposition key pos:18754 · issuer key iss:1471 | trim | −$92.3M | −11,991 | $809M | $717M | 580,507 | 568,516 | |
CHURCH & DWIGHT CO INC COMposition key pos:17561 · issuer key iss:579 | trim | +$55.6M | −86,896 | $564M | $620M | 6,728,404 | 6,641,508 | |
PROCTER & GAMBLE CO COMposition key pos:15878 · issuer key iss:1758 | trim | −$2.2M | −48,134 | $609M | $607M | 4,248,048 | 4,199,914 | |
TEXAS INSTRS INC COMposition key pos:17749 · issuer key iss:2125 | trim | +$54.1M | −428 | $455M | $509M | 2,623,552 | 2,623,124 | |
FORTINET INC COMposition key pos:12089 · issuer key iss:945 | trim | −$14.3M | −359,336 | $517M | $503M | 6,516,011 | 6,156,675 | |
ZOETIS INC CL Aposition key pos:12755 · issuer key iss:2380 | trim | −$32.4M | −23,244 | $491M | $458M | 3,900,803 | 3,877,559 | |
OTIS WORLDWIDE CORP COMposition key pos:15199 · issuer key iss:1642 | trim | −$61.3M | −380,745 | $272M | $211M | 3,112,380 | 2,731,635 | |
MSCI INC COMposition key pos:16902 · issuer key iss:1398 | trim | −$60.7M | −101,831 | $95.6M | $34.9M | 166,619 | 64,788 | |
ROLLINS INC COMposition key pos:12799 · issuer key iss:1866 | trim | −$55.6M | −858,694 | $88.7M | $33.1M | 1,478,629 | 619,935 | |
MEDPACE HLDGS INC COMposition key pos:11525 · issuer key iss:1456 | trim | −$16.3M | −19,899 | $46.4M | $30.1M | 82,567 | 62,668 | |
VERISIGN INC COMposition key pos:12530 · issuer key iss:2258 | trim | −$37.6M | −157,167 | $65.8M | $28.2M | 270,634 | 113,467 | |
PAYCOM SOFTWARE INC COMposition key pos:11258 · issuer key iss:1682 | trim | −$56.7M | −303,976 | $83.4M | $26.7M | 523,433 | 219,457 | |
CLOROX CO DEL COMposition key pos:14629 · issuer key iss:603 | trim | −$35.2M | −356,280 | $61.9M | $26.7M | 613,497 | 257,217 | |
VERTIV HOLDINGS CO COM CL Aposition key pos:17092 · issuer key iss:2266 | trim | −$43.7M | −319,690 | $66.6M | $22.9M | 410,944 | 91,254 | |
NUTANIX INC CL Aposition key pos:12644 · issuer key iss:1592 | trim | −$49.2M | −799,766 | $71.2M | $21.9M | 1,377,158 | 577,392 | |
BADGER METER INC COMposition key pos:13635 · issuer key iss:307 | new | +$21.7M | +142,491 | $0 | $21.7M | — | 142,491 | |
CATALYST PHARMACEUTICALS INC COMposition key pos:15084 · issuer key iss:535 | trim | −$57.6M | −2,518,920 | $78.5M | $20.9M | 3,363,807 | 844,887 | |
QUALYS INC COMposition key pos:17491 · issuer key iss:1788 | trim | −$66.2M | −421,729 | $86.1M | $19.9M | 647,806 | 226,077 | |
DOXIMITY INC CL Aposition key pos:18046 · issuer key iss:772 | trim | −$56.9M | −958,216 | $73.1M | $16.1M | 1,650,002 | 691,786 | |
MANHATTAN ASSOCIATES INC COMposition key pos:18635 · issuer key iss:1412 | trim | −$33.9M | −167,444 | $50.0M | $16.1M | 288,332 | 120,888 | |
NAPCO SEC TECHNOLOGIES INC COMposition key pos:12458 · issuer key iss:1527 | trim | −$59.1M | −1,396,261 | $74.2M | $15.1M | 1,779,857 | 383,596 | |
ADMA BIOLOGICS INC COMposition key pos:15764 · issuer key iss:10 | trim | −$23.5M | −452,561 | $38.3M | $14.9M | 2,102,054 | 1,649,493 | |
SABRE CORP COMposition key pos:18255 · issuer key iss:1910 | trim | −$16.2M | −12,485,312 | $29.2M | $13.1M | 21,499,095 | 9,013,783 | |
HOME DEPOT INC COMposition key pos:11561 · issuer key iss:1122 | trim | −$18.2M | −51,595 | $27.6M | $9.4M | 80,206 | 28,611 | |
GRACO INC COMposition key pos:14574 · issuer key iss:1034 | exit‡e | −$47.5M | −579,016 | $47.5M | $0 | 579,016 | — | |
INTUIT COMposition key pos:14708 · issuer key iss:1212 | exit‡e | −$414M | −625,619 | $414M | $0 | 625,619 | — | |
NIKE INC CL Bposition key pos:14767 · issuer key iss:1571 | exit‡e | −$368M | −5,770,181 | $368M | $0 | 5,770,181 | — | |
ODDITY TECH LTD SHS CL Aposition key sid:sec:prov:d5f325436fa5b000cb27ea1acf373e85 · issuer key cusip6:M7518J | exit‡e | −$83.3M | −2,074,167 | $83.3M | $0 | 2,074,167 | — |
18 more changes below.
Quarter ended 2026-03-31Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.
Changes derive from the aggregate's top-25 slices and keyable positions only; unkeyable holdings are counted in the registry, not differenced. methodology §13F ↗
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.
null-value positions: 0holdings whose <value> did not parse — retained and counted, never zero-filled · top-N share ·§: 98.8% · HHI (bps) ·§: 605integer Herfindahl–Hirschman index in basis points over disclosed position values · 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 — every position this filer reported for the selected quarter, as it reported it. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Serving this list is M2-CONTRACT §3, amended 2026-08-02; §3.1 keeps live EDGAR for filings newer than this build.
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.
Viewthis build publishes the selected quarter and the one before it, so a displayed change can be inspected on both sides
Reported positions — 2026-03-31
1–34 of 34 positions · $12.8B disclosed value over 34 rows · 0 undisclosed-value rowsEvery row below carries ticker not yet mapped — stated once here rather than repeated on every row.
| KindClassification is not joined into this reported-position view. Use the changed-positions view to compare the two published quarters. | TickerThis list carries reported issuer names and security identities, without a dated ticker mapping. Symbols are not inferred from names. | Issuera 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 | WeightShare of total reported value, calculated only when the full position list has disclosed values. This is 13F long value, not total assets. | Valuevalue undisclosed on the filing: retained and counted, excluded from sums, never shown as $0 | Shares | Position changeShare change is available in the separate comparison view; it is not joined into this position list. | Wt | CongressThe congressional transaction join is unavailable in this build. |
|---|---|---|---|---|---|---|---|---|
| — | MARverified 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 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% | — | |
| — | SYKverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | STRYKER CORPORATION STRYKER CORPORATION · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $1.0B | 3,061,416 | — | 7.8% | — | |
| — | WATverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | WATERS CORP WATERS CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $957M | 3,212,075 | — | 7.5% | — | |
| — | Vverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | VISA INC VISA INC · COM CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $938M | 3,104,090 | — | 7.3% | — | |
| — | GOOGLverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | ALPHABET INC ALPHABET INC · CAP STK CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $850M | 2,956,198 | — | 6.6% | — | |
| — | PMverified 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 PHILIP MORRIS INTL INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $845M | 5,113,163 | — | 6.6% | — | |
| — | IDXXverified 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 IDEXX LABS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $824M | 1,465,786 | — | 6.4% | — | |
| — | ADPverified 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 AUTOMATIC DATA PROCESSING IN · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $783M | 3,855,105 | — | 6.1% | — | |
| — | MSFTverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | MICROSOFT CORP MICROSOFT CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $770M | 2,079,737 | — | 6.0% | — | |
| — | METAverified 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 META PLATFORMS INC · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $756M | 1,321,375 | — | 5.9% | — | |
| — | MTDverified 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 METTLER TOLEDO INTERNATIONAL · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $717M | 568,516 | — | 5.6% | — | |
| — | CHDverified 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 CHURCH & DWIGHT CO INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $620M | 6,641,508 | — | 4.8% | — | |
| — | PGverified 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 PROCTER & GAMBLE CO · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $607M | 4,199,914 | — | 4.7% | — | |
| — | TXNverified 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 TEXAS INSTRS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $509M | 2,623,124 | — | 4.0% | — | |
| — | FTNTverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | FORTINET INC FORTINET INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $503M | 6,156,675 | — | 3.9% | — | |
| — | ZTSverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | ZOETIS INC ZOETIS INC · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $458M | 3,877,559 | — | 3.6% | — | |
| — | OTISverified 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 OTIS WORLDWIDE CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $211M | 2,731,635 | — | 1.6% | — | |
| — | MSCIverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | MSCI INC MSCI INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $34.9M | 64,788 | — | 0.3% | — | |
| — | ROLverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | ROLLINS INC ROLLINS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $33.1M | 619,935 | — | 0.3% | — | |
| — | MEDPverified 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 MEDPACE HLDGS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $30.1M | 62,668 | — | 0.2% | — | |
| — | VRSNverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | VERISIGN INC VERISIGN INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $28.2M | 113,467 | — | 0.2% | — | |
| — | PAYCverified 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 PAYCOM SOFTWARE INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $26.7M | 219,457 | — | 0.2% | — | |
| — | CLXverified 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 CLOROX CO DEL · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $26.7M | 257,217 | — | 0.2% | — | |
| — | VRTverified 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 VERTIV HOLDINGS CO · COM CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $22.9M | 91,254 | — | 0.2% | — | |
| — | NTNXverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | NUTANIX INC NUTANIX INC · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $21.9M | 577,392 | — | 0.2% | — | |
| — | BMIverified 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 BADGER METER INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $21.7M | 142,491 | — | 0.2% | — | |
| — | CPRXverified 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 CATALYST PHARMACEUTICALS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $20.9M | 844,887 | — | 0.2% | — | |
| — | QLYSverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | QUALYS INC QUALYS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $19.9M | 226,077 | — | 0.2% | — | |
| — | DOCSverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | DOXIMITY INC DOXIMITY INC · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $16.1M | 691,786 | — | 0.1% | — | |
| — | MANHverified 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 MANHATTAN ASSOCIATES INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $16.1M | 120,888 | — | 0.1% | — | |
| — | NSSCverified 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 NAPCO SEC TECHNOLOGIES INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $15.1M | 383,596 | — | 0.1% | — | |
| — | ADMAverified 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 ADMA BIOLOGICS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $14.9M | 1,649,493 | — | 0.1% | — | |
| — | SABRverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) | SABRE CORP SABRE CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $13.1M | 9,013,783 | — | 0.1% | — | |
| — | HDverified 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 HOME DEPOT INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-15 +45d | $9.4M | 28,611 | — | 0.1% | — |
1–34 of 34 positions · page 1 of 1
every row this filer reported for the quarter, as it reported it — cross-filer de-duplication is applied to issuer totals elsewhere and never deletes a row here
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).