FUNDSMITH INVESTMENT SERVICES LTD.

Registered adviser

CIK

1868537

Location

GRANDE RIVIERE NOIRE, O4

Portfolio Value

Mid $4,518,917,729

Diversification

Diversified

Filing Date

Global Rank

#915 / 8,807 ▼ 90

Top Industry

Diagnostics & Research 10.8%

3Y Alpha vs SPY

-8.0%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

21 quarters · since Jun 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 310498

Roster of Oct 1, 2026

Regulatory AUM

$24,575,319,221

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

1 fund · Hedge funds

$8,823,618 gross assets

LEI

213800YINPPN97G4IU14

Private funds on Schedule D 7.B.(1)

As filed Jun 27, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

No private funds listed.

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Jul 2026 to Oct 2026	$24,575,319,221	Pooled investment vehicles (100%)
Jul 2025 to Jun 2026	$40,033,432,932	Pooled investment vehicles (100%)
Jul 2024 to Jun 2025	$48,627,546,941	Pooled investment vehicles (100%)
Dec 2023 to Jun 2024	$42,523,909,041	Pooled investment vehicles (100%)
Jan 2021 to Dec 2021	—	—

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 55.2%, 21.2 effective positions, active share 83.9% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

32.5% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 12.7 quarters (12+)

Closest benchmark: the S&P 500 as of 2026-06-30, active share 83.9%; sector active share 28.3% against the combined 13F book's sector weights.

Over time 21 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

27 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

7.4%

−1.5 pts

Top 5

32.3%

−7.3 pts

Top 10

55.2%

−15.4 pts

HHI

471

Diversified−170

Portfolio Trend

21 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	29.4%	$1,326,985,380	8
Healthcare	19.1%	$863,114,756	4
Communication Services	14.8%	$668,357,397	4
Consumer Defensive	12.7%	$575,897,943	3
Consumer Cyclical	10.5%	$472,513,193	4
Financial Services	9.6%	$435,280,388	2
Industrials	3.9%	$176,768,672	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
TJX	Tjx Companies Inc /De/	+718,337	721,550	$109,314,825
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+408,623	411,476	$196,508,593
BMI	Badger Meter Inc	+118,565	251,196	$37,272,462
WM	Waste Management Inc	+44,509	114,984	$25,627,633
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
PM	Philip Morris International Inc.	−733,323	944,396	$170,850,680
PG	PROCTER & GAMBLE Co	−674,762	1,085,919	$159,239,162
GOOGL	Alphabet Inc.	−575,416	558,963	$199,756,607
FTNT	Fortinet, Inc.	−533,555	1,126,234	$173,012,067
ADP	Automatic Data Processing Inc	−503,645	823,664	$184,459,552
V	Visa Inc.	−344,953	680,492	$233,470,000
MAR	Marriott International Inc /Md/	−297,202	901,923	$334,243,644
WAT	Waters Corp /De/	−259,091	837,764	$314,195,010
MSFT	Microsoft Corp	−158,641	505,361	$188,509,760
IDXX	Idexx Laboratories Inc /De	−154,528	327,058	$172,176,413
SYK	Stryker Corp	−135,265	1,050,585	$330,766,181
META	Meta Platforms, Inc.	−128,310	340,730	$191,929,801
TXN	Texas Instruments Inc	−107,863	759,134	$226,275,071
CHD	Church & Dwight Co Inc /De/	−59,916	2,537,243	$245,808,101
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
UBER	Uber Technologies, Inc	2,955,961	$213,302,145
MA	Mastercard Inc	392,933	$201,810,388
NFLX	Netflix Inc	2,186,945	$156,147,873
GEV	GE Vernova Inc.	128,646	$151,141,039
APP	AppLovin Corp	233,921	$120,523,116
NXT	Nextpower Inc.	903,523	$107,645,730
VEEV	Veeva Systems Inc	259,070	$45,977,152
YUM	Yum Brands Inc	178,009	$28,456,518
ORLY	O Reilly Automotive Inc	5,410	$498,206
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
MTD	Mettler Toledo International Inc/	222,759	$280,943,650
ZTS	Zoetis Inc.	1,120,147	$132,412,576
OTIS	Otis Worldwide Corp	966,787	$74,519,941
HD	Home Depot, Inc.	4,585	$1,507,960
AAPL	Apple Inc.	2,183	$554,023
AMZN	Amazon Com Inc	1,989	$414,249
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

27 tracked positions · $4,518,917,729 total · filing declares 27 positions · $4,518,917,743 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MAR	Marriott International Inc /Md/ Consumer Cyclical	Reduced	901,923	-297,202	$334,243,644	−14.8%	7.40%
SYK	Stryker Corp Healthcare	Reduced	1,050,585	-135,265	$330,766,181	−15.1%	7.32%
WAT	Waters Corp /De/ Healthcare	Reduced	837,764	-259,091	$314,195,010	−3.8%	6.95%
CHD	Church & Dwight Co Inc /De/ Consumer Defensive	Reduced	2,537,243	-59,916	$245,808,101	+1.4%	5.44%
V	Visa Inc. Financial Services	Reduced	680,492	-344,953	$233,470,000	−24.7%	5.17%
TXN	Texas Instruments Inc Technology	Reduced	759,134	-107,863	$226,275,071	+34.4%	5.01%
UBER	Uber Technologies, Inc Technology	NEW	2,955,961	NEW	$213,302,145	NEW	4.72%
MA	Mastercard Inc Financial Services	NEW	392,933	NEW	$201,810,388	NEW	4.47%
GOOGL	Alphabet Inc. Communication Services	Reduced	558,963	-575,416	$199,756,607	−38.8%	4.42%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	411,476	+408,623	$196,508,593	+20281.1%	4.35%
META	Meta Platforms, Inc. Communication Services	Reduced	340,730	-128,310	$191,929,801	−28.5%	4.25%
MSFT	Microsoft Corp Technology	Reduced	505,361	-158,641	$188,509,760	−23.3%	4.17%
ADP	Automatic Data Processing Inc Technology	Reduced	823,664	-503,645	$184,459,552	−31.6%	4.08%
FTNT	Fortinet, Inc. Technology	Reduced	1,126,234	-533,555	$173,012,067	+27.6%	3.83%
IDXX	Idexx Laboratories Inc /De Healthcare	Reduced	327,058	-154,528	$172,176,413	−36.4%	3.81%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	944,396	-733,323	$170,850,680	−38.4%	3.78%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	1,085,919	-674,762	$159,239,162	−37.4%	3.52%
NFLX	Netflix Inc Communication Services	NEW	2,186,945	NEW	$156,147,873	NEW	3.46%
GEV	GE Vernova Inc. Industrials	NEW	128,646	NEW	$151,141,039	NEW	3.34%
APP	AppLovin Corp Communication Services	NEW	233,921	NEW	$120,523,116	NEW	2.67%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	721,550	+718,337	$109,314,825	+21204.1%	2.42%
NXT	Nextpower Inc. Technology	NEW	903,523	NEW	$107,645,730	NEW	2.38%
VEEV	Veeva Systems Inc Healthcare	NEW	259,070	NEW	$45,977,152	NEW	1.02%
BMI	Badger Meter Inc Technology	Added	251,196	+118,565	$37,272,462	+84.5%	0.82%
YUM	Yum Brands Inc Consumer Cyclical	NEW	178,009	NEW	$28,456,518	NEW	0.63%
WM	Waste Management Inc Industrials	Added	114,984	+44,509	$25,627,633	+58.2%	0.57%
ORLY	O Reilly Automotive Inc Consumer Cyclical	NEW	5,410	NEW	$498,206	NEW	0.01%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.