Terry Smith - Fundsmith Portfolio Position Sizes (Q2 2026)

According to the SEC 13F filed on Aug 14, 2026, the Fundsmith portfolio balances reported a total equity value of $13.65B across 41 publicly traded holdings as of quarter-end Jun 30, 2026.

The portfolio balances highlight MARRIOTT INTL INC NEW (MAR) as the single largest position, accounting for 7.0% of total equity value, followed by STRYKER CORPORATION (SYK), WATERS CORP (WAT), VISA INC (V), and others. Collectively, the top five holdings represent 29.8% of the portfolio, showing how capital is distributed among core positions and long-term investments.