1y return+0.4%S&P 500 +20.9%
3y return+29.7%S&P 500 +68.5%
5y return+20.3%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2021: $120 against $174 in the S&P 500.2
Fundsmith Investment Services Ltd.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MARMarriott Intl Inc New | $334.2M | 7.4% | −24.8% |
| SYKStryker Corporation | $330.8M | 7.3% | −11.4% |
| WATWaters Corp | $314.2M | 7.0% | −23.6% |
| CHDChurch & Dwight Co Inc | $245.8M | 5.4% | −2.3% |
| VVisa Inc | $233.5M | 5.2% | −33.6% |
| TXNTexas Instrs Inc | $226.3M | 5.0% | −12.4% |
| UBERUber Technologies Inc | $213.3M | 4.7% | New |
| MAMastercard Incorporated | $201.8M | 4.5% | New |
| GOOGLAlphabet Inc | $199.8M | 4.4% | −50.7% |
| TSMTaiwan Semiconductor Manufac | $196.5M | 4.3% | +14322.6% |
| METAMeta Platforms Inc | $191.9M | 4.2% | −27.4% |
| MSFTMicrosoft Corp | $188.5M | 4.2% | −23.9% |
| ADPAutomatic Data Processing In | $184.5M | 4.1% | −37.9% |
| FTNTFortinet Inc | $173.0M | 3.8% | −32.1% |
| IDXXIdexx Labs Inc | $172.2M | 3.8% | −32.1% |
| PMPhilip Morris Intl Inc | $170.9M | 3.8% | −43.7% |
| PGProcter & Gamble Co | $159.2M | 3.5% | −38.3% |
| NFLXNetflix Inc. | $156.1M | 3.5% | New |
| GEVGe Vernova Inc | $151.1M | 3.3% | New |
| APPApplovin Corp | $120.5M | 2.7% | New |
| TJXTjx Cos Inc New | $109.3M | 2.4% | +22357.2% |
| NXTNextpower Inc | $107.6M | 2.4% | New |
| VEEVVeeva Sys Inc | $46.0M | 1.0% | New |
| BMIBadger Meter Inc | $37.3M | 0.8% | +89.4% |
| YUMYum Brands Inc | $28.5M | 0.6% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGLAlphabet Inc | March 31, 2022 | +157.0% | $199.8M |
| MARMarriott Intl Inc New | March 31, 2023 | +123.2% | $334.2M |
| FTNTFortinet Inc | June 30, 2023 | +103.2% | $173.0M |
| PMPhilip Morris Intl Inc | March 31, 2022 | +92.6% | $170.9M |
| TXNTexas Instrs Inc | March 31, 2024 | +71.1% | $226.3M |
| METAMeta Platforms Inc | June 30, 2021 | +62.0% | $191.9M |
| TSMTaiwan Semiconductor Manufac | December 31, 2025 | +57.2% | $196.5M |
| VVisa Inc | June 30, 2021 | +46.7% | $233.5M |
| MSFTMicrosoft Corp | June 30, 2021 | +37.7% | $188.5M |
| SYKStryker Corporation | June 30, 2021 | +21.2% | $330.8M |
Sold off last quarter
- MTDMettler Toledo International was $280.9M
- ZTSZoetis Inc was $132.4M
- OTISOtis Worldwide Corp was $74.5M
- HDHome Depot Inc was $1.5M
- AAPLApple Inc was $554K
- AMZNAmazon Com Inc was $414K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.1% | +14.8% |
| March 31, 2026 | −9.2% | −4.6% |
| December 31, 2025 | +1.9% | +2.4% |
| September 30, 2025 | −1.3% | +7.8% |
| June 30, 2025 | +10.1% | +10.5% |
| March 31, 2025 | −0.4% | −4.6% |
| December 31, 2024 | −0.3% | +2.1% |
| September 30, 2024 | +7.6% | +5.4% |
| June 30, 2024 | −1.2% | +4.0% |
| March 31, 2024 | +8.9% | +10.0% |
| December 31, 2023 | +9.8% | +11.2% |
| September 30, 2023 | −7.1% | −3.6% |
| June 30, 2023 | +4.4% | +8.3% |
| March 31, 2023 | +9.0% | +7.0% |
| December 31, 2022 | +10.9% | +7.1% |
| September 30, 2022 | −8.7% | −5.3% |
| June 30, 2022 | −16.2% | −16.5% |
| March 31, 2022 | −14.9% | −4.9% |
| December 31, 2021 | +10.5% | +10.7% |
| September 30, 2021 | +2.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Fundsmith Investment Services Ltd. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1868537&type=13F-HR&dateb=&owner=include&count=40CIK 1868537
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1868537/000186853726000007/Filed August 14, 2026 · accession 0001868537-26-000007