Terry Smith - Fundsmith Portfolio Holdings
As of Sep 30, 2025, the Fundsmith portfolio holdings is valued at approximately $19,795,225,546.00 featuring 35 publicly traded holdings. This in-depth profile highlights the top investments led by STRYKER CORPORATION (SYK), IDEXX LABS INC (IDXX), ALPHABET INC (GOOGL), MICROSOFT CORP (MSFT), and others based on the company's latest SEC filings reported on Nov 14, 2025. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Fundsmith's stock portfolio spans 35 holdings across 8 sectors, with a total market value of $19,795,225,546.00. The Healthcare sector represents the largest allocation, while the top holdings account for nearly 68% of the total portfolio value. STRYKER CORPORATION remains the single largest position at 8.6% of all equity investments.
Complete Holdings
Showing 35 of 35 holdings.
| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | STRYKER CORPORATION | SYK | Healthcare | 8.57% | 4,591,293 | -85,714 | -1.83% | $1,697,263,283.00 |
| 2 | IDEXX LABS INC | IDXX | Healthcare | 8.43% | 2,610,457 | -28,832 | -1.09% | $1,667,794,873.00 |
| 3 | ALPHABET INC | GOOGL | Communication Services | 7.72% | 6,289,352 | -514,102 | -7.56% | $1,528,941,471.00 |
| 4 | MICROSOFT CORP | MSFT | Technology | 6.76% | 2,583,369 | -2,358,140 | -47.72% | $1,338,055,974.00 |
| 5 | VISA INC | V | Financial Services | 6.65% | 3,854,336 | +265 | +0.01% | $1,315,793,224.00 |
| 6 | AUTOMATIC DATA PROCESSING IN | ADP | Technology | 6.39% | 4,311,603 | -50,496 | -1.16% | $1,265,455,481.00 |
| 7 | WATERS CORP | WAT | Healthcare | 5.99% | 3,955,498 | +347,091 | +9.62% | $1,185,897,855.00 |
| 8 | PHILIP MORRIS INTL INC | PM | Consumer Defensive | 5.89% | 7,188,144 | -1,886,051 | -20.78% | $1,165,916,957.00 |
| 9 | META PLATFORMS INC | META | Communication Services | 5.78% | 1,558,664 | -2,010,088 | -56.32% | $1,144,651,668.00 |
| 10 | MARRIOTT INTL INC NEW | MAR | Consumer Cyclical | 5.56% | 4,228,298 | -8,301 | -0.20% | $1,101,217,931.00 |
| 11 | METTLER TOLEDO INTERNATIONAL | MTD | Healthcare | 3.66% | 590,654 | +617 | +0.10% | $725,092,757.00 |
| 12 | FORTINET INC | FTNT | Technology | 3.58% | 8,420,092 | +1,730 | +0.02% | $707,961,335.00 |
| 13 | PROCTER AND GAMBLE CO | PG | Consumer Defensive | 3.55% | 4,577,040 | +4,760 | +0.10% | $703,262,196.00 |
| 14 | CHURCH & DWIGHT CO INC | CHD | Consumer Defensive | 3.01% | 6,794,644 | -29,645 | -0.43% | $595,414,654.00 |
| 15 | OTIS WORLDWIDE CORP | OTIS | Industrials | 2.69% | 5,819,151 | - | - | $532,044,976.00 |
| 16 | ZOETIS INC | ZTS | Healthcare | 2.67% | 3,615,131 | +730,300 | +25.32% | $528,965,968.00 |
| 17 | TEXAS INSTRS INC | TXN | Technology | 2.53% | 2,721,881 | +1,591 | +0.06% | $500,091,196.00 |
| 18 | NIKE INC | NKE | Consumer Cyclical | 2.16% | 6,129,483 | - | - | $427,408,850.00 |
| 19 | INTUIT | INTU | Technology | 2.09% | 604,456 | +235,916 | +64.01% | $412,789,047.00 |
| 20 | QUALYS INC | QLYS | Technology | 0.58% | 870,859 | +152,257 | +21.19% | $115,240,771.00 |
| 21 | PAYCOM SOFTWARE INC | PAYC | Technology | 0.55% | 523,433 | +109,923 | +26.58% | $108,947,345.00 |
| 22 | DOXIMITY INC | DOCS | Healthcare | 0.50% | 1,355,944 | - | - | $99,187,304.00 |
| 23 | MSCI INC | MSCI | Financial Services | 0.48% | 166,619 | - | - | $94,541,287.00 |
| 24 | VERTIV HOLDINGS CO | VRT | Industrials | 0.45% | 591,450 | -133,473 | -18.41% | $89,226,147.00 |
| 25 | ODDITY TECH LTD | ODD | Other | 0.45% | 1,416,956 | - | - | $88,276,359.00 |
| 26 | ROLLINS INC | ROL | Consumer Cyclical | 0.44% | 1,478,629 | - | - | $86,854,667.00 |
| 27 | GRACO INC | GGG | Industrials | 0.39% | 900,545 | - | - | $76,510,303.00 |
| 28 | NAPCO SEC TECHNOLOGIES INC | NSSC | Industrials | 0.39% | 1,779,857 | +824,945 | +86.39% | $76,444,858.00 |
| 29 | VERISIGN INC | VRSN | Technology | 0.38% | 270,634 | - | - | $75,661,147.00 |
| 30 | CLOROX CO DEL | CLX | Consumer Defensive | 0.38% | 613,497 | - | - | $75,644,180.00 |
| 31 | CATALYST PHARMACEUTICALS INC | CPRX | Healthcare | 0.33% | 3,363,807 | +654,721 | +24.17% | $66,266,998.00 |
| 32 | MEDPACE HLDGS INC | MEDP | Healthcare | 0.33% | 127,537 | - | - | $65,574,424.00 |
| 33 | MANHATTAN ASSOCIATES INC | MANH | Technology | 0.30% | 288,332 | - | - | $59,102,293.00 |
| 34 | SABRE CORP | SABR | Technology | 0.20% | 21,499,095 | - | - | $39,343,344.00 |
| 35 | HOME DEPOT INC | HD | Consumer Cyclical | 0.17% | 84,860 | +1,493 | +1.79% | $34,384,423.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Healthcare | 30.49% | $6,036,043,462.00 |
| Technology | 23.35% | $4,622,647,933.00 |
| Communication Services | 13.51% | $2,673,593,139.00 |
| Consumer Defensive | 12.83% | $2,540,237,987.00 |
| Consumer Cyclical | 8.33% | $1,649,865,871.00 |
| Financial Services | 7.12% | $1,410,334,511.00 |
| Industrials | 3.91% | $774,226,284.00 |
| Other | 0.45% | $88,276,359.00 |
Portfolio insights
As of Sep 30, 2025, the Fundsmith portfolio holds 35 securities valued at $19,795,225,546.00. The Healthcare sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.