1y return+0.5%S&P 500 +20.9%
3y return+29.8%S&P 500 +68.5%
5y return+15.3%S&P 500 +74.5%
10y return+201.1%S&P 500 +256.5%
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, 2016: $301 against $357 in the S&P 500.2
Fundsmith LLPS&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 | $958.3M | 7.0% | −23.3% |
| SYKStryker Corporation | $917.4M | 6.7% | −4.8% |
| WATWaters Corp | $852.7M | 6.2% | −29.2% |
| VVisa Inc | $693.0M | 5.1% | −34.9% |
| UBERUber Technologies Inc | $645.3M | 4.7% | New |
| MAMastercard Incorporated | $639.5M | 4.7% | New |
| GOOGLAlphabet Inc | $633.7M | 4.6% | −40.0% |
| CHDChurch & Dwight Co Inc | $625.5M | 4.6% | −2.8% |
| PGProcter & Gamble Co | $598.1M | 4.4% | −2.9% |
| MSFTMicrosoft Corp | $595.6M | 4.4% | −23.2% |
| METAMeta Platforms Inc | $592.5M | 4.3% | −20.4% |
| ADPAutomatic Data Processing In | $582.6M | 4.3% | −32.5% |
| FTNTFortinet Inc | $557.6M | 4.1% | −41.0% |
| TSMTaiwan Semiconductor Manufac | $548.5M | 4.0% | New |
| IDXXIdexx Labs Inc | $536.9M | 3.9% | −30.4% |
| TXNTexas Instrs Inc | $536.3M | 3.9% | −31.4% |
| PMPhilip Morris Intl Inc | $527.1M | 3.9% | −43.0% |
| NFLXNetflix Inc. | $499.1M | 3.7% | New |
| GEVGe Vernova Inc | $481.5M | 3.5% | New |
| APPApplovin Corp | $358.9M | 2.6% | New |
| TJXTjx Cos Inc New | $344.3M | 2.5% | New |
| NXTNextpower Inc | $340.3M | 2.5% | New |
| VEEVVeeva Sys Inc | $145.0M | 1.1% | New |
| YUMYum Brands Inc | $88.9M | 0.7% | New |
| MSCIMsci Inc | $30.0M | 0.2% | −17.3% |
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 |
|---|---|---|---|
| FTNTFortinet Inc | September 30, 2020 | +552.0% | $557.6M |
| VRTVertiv Holdings Co | June 30, 2025 | +160.7% | $14.0M |
| PMPhilip Morris Intl Inc | June 30, 2020 | +158.2% | $527.1M |
| METAMeta Platforms Inc | June 30, 2020 | +148.1% | $592.5M |
| GOOGLAlphabet Inc | December 31, 2021 | +146.7% | $633.7M |
| MARMarriott Intl Inc New | March 31, 2023 | +123.2% | $958.3M |
| WATWaters Corp | June 30, 2020 | +107.9% | $852.7M |
| MSFTMicrosoft Corp | June 30, 2020 | +83.3% | $595.6M |
| VVisa Inc | June 30, 2020 | +77.6% | $693.0M |
| SYKStryker Corporation | June 30, 2020 | +74.7% | $917.4M |
Sold off last quarter
- MTDMettler Toledo International was $717.0M
- ZTSZoetis Inc was $458.4M
- OTISOtis Worldwide Corp was $210.6M
- Catalyst Pharmaceuticals IncCUSIP 14888U101 was $20.9M
- QLYSQualys Inc was $19.9M
- HDHome Depot Inc was $9.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.8% | +14.8% |
| March 31, 2026 | −9.7% | −4.6% |
| December 31, 2025 | +1.7% | +2.4% |
| September 30, 2025 | −1.2% | +7.8% |
| June 30, 2025 | +10.4% | +10.5% |
| March 31, 2025 | −0.3% | −4.6% |
| December 31, 2024 | −0.1% | +2.1% |
| September 30, 2024 | +7.9% | +5.4% |
| June 30, 2024 | −1.5% | +4.0% |
| March 31, 2024 | +8.3% | +10.0% |
| December 31, 2023 | +9.6% | +11.2% |
| September 30, 2023 | −6.9% | −3.6% |
| June 30, 2023 | +4.6% | +8.3% |
| March 31, 2023 | +8.9% | +7.0% |
| December 31, 2022 | +10.9% | +7.1% |
| September 30, 2022 | −7.9% | −5.3% |
| June 30, 2022 | −16.8% | −16.5% |
| March 31, 2022 | −13.0% | −4.9% |
| December 31, 2021 | +7.3% | +10.7% |
| September 30, 2021 | −1.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Fundsmith LLP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1569205&type=13F-HR&dateb=&owner=include&count=40CIK 1569205
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1569205/000156920526000012/Filed August 14, 2026 · accession 0001569205-26-000012