FUNDSMITH INVESTMENT SERVICES LTD.

CIK

1868537

Location

GRANDE RIVIERE NOIRE, O4

Portfolio Value

Mid $4,405,319,599

Diversification

Diversified

Filing Date

Global Rank

#732 / 8,603 ▼ 87 · as of Mar 2026

Top Industry

Diagnostics & Research 19.9%

3Y Alpha vs SPY

-9.2%

Period ended 3 months ago

Filed May 15, 2026 · 55d

20 quarters · since Jun 2021

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+37.5%

SPY

+76.0%

Annualised alpha

-9.5%

Max drawdown

−16.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

24 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.9%

+0.5 pts

Top 5

39.6%

+1.6 pts

Top 10

70.6%

+0.9 pts

HHI

640

Diversified+38

Portfolio Trend

20 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	31.8%	$1,400,256,453	5
Technology	19.1%	$841,157,542	7
Consumer Defensive	17.6%	$774,073,699	3
Communication Services	13.5%	$594,553,880	2
Consumer Cyclical	9.0%	$394,633,138	4
Financial Services	7.0%	$309,930,496	1
Industrials	2.1%	$90,714,391	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+2,248	2,853	$964,171
TJX	Tjx Companies Inc /De/	+2,058	3,213	$513,116
AAPL	Apple Inc.	+1,578	2,183	$554,023
AMZN	Amazon Com Inc	+1,274	1,989	$414,249
No positions match the current search.

Trimmed

Positions the filer reduced

18 positions

Ticker	Company	Δ Shares	Shares	Value
PM	Philip Morris International Inc.	−414,082	1,677,719	$277,394,059
OTIS	Otis Worldwide Corp	−284,726	966,787	$74,519,941
FTNT	Fortinet, Inc.	−158,444	1,659,789	$135,637,957
GOOGL	Alphabet Inc.	−122,839	1,134,379	$326,202,025
SYK	Stryker Corp	−121,557	1,185,850	$389,658,451
MAR	Marriott International Inc /Md/	−119,126	1,199,125	$392,197,813
ZTS	Zoetis Inc.	−86,267	1,120,147	$132,412,576
IDXX	Idexx Laboratories Inc /De	−72,273	481,586	$270,598,357
META	Meta Platforms, Inc.	−54,496	469,040	$268,351,855
V	Visa Inc.	−54,069	1,025,445	$309,930,496
WAT	Waters Corp /De/	−49,354	1,096,855	$326,643,419
CHD	Church & Dwight Co Inc /De/	−23,080	2,597,159	$242,366,877
MTD	Mettler Toledo International Inc/	−16,977	222,759	$280,943,650
PG	PROCTER & GAMBLE Co	−16,429	1,760,681	$254,312,763
ADP	Automatic Data Processing Inc	−11,011	1,327,309	$269,682,642
TXN	Texas Instruments Inc	−5,582	866,997	$168,318,797
HD	Home Depot, Inc.	−4,736	4,585	$1,507,960
MSFT	Microsoft Corp	−4,547	664,002	$245,793,620
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
NKE	NIKE, Inc.	2,226,357	$141,841,204
INTU	Intuit Inc.	176,360	$116,824,391
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

24 positions · $4,405,319,599 total · as of Mar 31, 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	1,199,125	-119,126	$392,197,813	−4.1%	8.90%
SYK	Stryker Corp Healthcare	Reduced	1,185,850	-121,557	$389,658,451	−15.2%	8.85%
WAT	Waters Corp /De/ Healthcare	Reduced	1,096,855	-49,354	$326,643,419	−25.0%	7.41%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,134,379	-122,839	$326,202,025	−17.1%	7.40%
V	Visa Inc. Financial Services	Reduced	1,025,445	-54,069	$309,930,496	−18.1%	7.04%
MTD	Mettler Toledo International Inc/ Healthcare	Reduced	222,759	-16,977	$280,943,650	−15.9%	6.38%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	1,677,719	-414,082	$277,394,059	−17.3%	6.30%
IDXX	Idexx Laboratories Inc /De Healthcare	Reduced	481,586	-72,273	$270,598,357	−27.8%	6.14%
ADP	Automatic Data Processing Inc Technology	Reduced	1,327,309	-11,011	$269,682,642	−21.7%	6.12%
META	Meta Platforms, Inc. Communication Services	Reduced	469,040	-54,496	$268,351,855	−22.3%	6.09%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	1,760,681	-16,429	$254,312,763	−0.1%	5.77%
MSFT	Microsoft Corp Technology	Reduced	664,002	-4,547	$245,793,620	−24.0%	5.58%
CHD	Church & Dwight Co Inc /De/ Consumer Defensive	Reduced	2,597,159	-23,080	$242,366,877	+10.3%	5.50%
TXN	Texas Instruments Inc Technology	Reduced	866,997	-5,582	$168,318,797	+11.2%	3.82%
FTNT	Fortinet, Inc. Technology	Reduced	1,659,789	-158,444	$135,637,957	−6.1%	3.08%
ZTS	Zoetis Inc. Healthcare	Reduced	1,120,147	-86,267	$132,412,576	−12.8%	3.01%
OTIS	Otis Worldwide Corp Industrials	Reduced	966,787	-284,726	$74,519,941	−31.8%	1.69%
BMI	Badger Meter Inc Technology	Held	132,631	0	$20,206,332	−12.6%	0.46%
WM	Waste Management Inc Industrials	Held	70,475	0	$16,194,450	+4.6%	0.37%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	4,585	-4,736	$1,507,960	−53.0%	0.03%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	2,853	+2,248	$964,171	+424.4%	0.02%
AAPL	Apple Inc. Technology	Added	2,183	+1,578	$554,023	+236.8%	0.01%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	3,213	+2,058	$513,116	+189.2%	0.01%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,989	+1,274	$414,249	+151.0%	0.01%