Terry Smith - Fundsmith Portfolio Balances (Sep 30, 2025)

As of Sep 30, 2025, the Fundsmith portfolio balances reported a total equity value of $19.80B across 35 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Nov 14, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight STRYKER CORPORATION (SYK) as the single largest position, accounting for 8.6% of total equity value, followed by IDEXX LABS INC (IDXX), ALPHABET INC (GOOGL), MICROSOFT CORP (MSFT), and others. Collectively, the top five holdings represent 38.1% of the portfolio, showing how capital is distributed among core positions and long-term investments.