Terry Smith - Fundsmith Portfolio Holdings
As of Dec 31, 2025, the Fundsmith portfolio holdings is valued at approximately $17,116,090,918.00 featuring 37 publicly traded holdings. This in-depth profile highlights the top investments led by WATERS CORP (WAT), STRYKER CORPORATION (SYK), IDEXX LABS INC (IDXX), VISA INC (V), and others based on the company's latest SEC filings reported on Feb 17, 2026. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Fundsmith's stock portfolio spans 37 holdings across 8 sectors, with a total market value of $17,116,090,918.00. The Healthcare sector represents the largest allocation, while the top holdings account for nearly 67% of the total portfolio value. WATERS CORP remains the single largest position at 7.9% of all equity investments.
Complete Holdings
Showing 37 of 37 holdings.
| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | WATERS CORP | WAT | Healthcare | 7.90% | 3,557,978 | -397,520 | -10.05% | $1,351,426,784.00 |
| 2 | STRYKER CORPORATION | SYK | Healthcare | 7.57% | 3,687,511 | -903,782 | -19.68% | $1,296,049,491.00 |
| 3 | IDEXX LABS INC | IDXX | Healthcare | 7.42% | 1,876,035 | -734,422 | -28.13% | $1,269,193,959.00 |
| 4 | VISA INC | V | Financial Services | 7.24% | 3,534,684 | -319,652 | -8.29% | $1,239,649,026.00 |
| 5 | MARRIOTT INTL INC NEW | MAR | Consumer Cyclical | 7.21% | 3,979,927 | -248,371 | -5.87% | $1,234,732,552.00 |
| 6 | ALPHABET INC | GOOGL | Communication Services | 6.40% | 3,498,519 | -2,790,833 | -44.37% | $1,095,036,447.00 |
| 7 | AUTOMATIC DATA PROCESSING IN | ADP | Technology | 6.28% | 4,177,969 | -133,634 | -3.10% | $1,074,698,966.00 |
| 8 | MICROSOFT CORP | MSFT | Technology | 5.88% | 2,079,971 | -503,398 | -19.49% | $1,005,915,575.00 |
| 9 | PHILIP MORRIS INTL INC | PM | Consumer Defensive | 5.74% | 6,124,597 | -1,063,547 | -14.80% | $982,385,359.00 |
| 10 | META PLATFORMS INC | META | Communication Services | 5.26% | 1,363,539 | -195,125 | -12.52% | $900,058,459.00 |
| 11 | METTLER TOLEDO INTERNATIONAL | MTD | Healthcare | 4.73% | 580,507 | -10,147 | -1.72% | $809,337,054.00 |
| 12 | PROCTER AND GAMBLE CO | PG | Consumer Defensive | 3.56% | 4,248,048 | -328,992 | -7.19% | $608,787,759.00 |
| 13 | CHURCH AND DWIGHT CO INC | CHD | Consumer Defensive | 3.30% | 6,728,404 | -66,240 | -0.97% | $564,176,675.00 |
| 14 | FORTINET INC | FTNT | Technology | 3.02% | 6,516,011 | -1,904,081 | -22.61% | $517,436,434.00 |
| 15 | ZOETIS INC | ZTS | Healthcare | 2.87% | 3,900,803 | +285,672 | +7.90% | $490,799,033.00 |
| 16 | TEXAS INSTRS INC | TXN | Technology | 2.66% | 2,623,552 | -98,329 | -3.61% | $455,160,036.00 |
| 17 | INTUIT | INTU | Technology | 2.42% | 625,619 | +21,163 | +3.50% | $414,422,538.00 |
| 18 | NIKE INC | NKE | Consumer Cyclical | 2.15% | 5,770,181 | -359,302 | -5.86% | $367,618,232.00 |
| 19 | OTIS WORLDWIDE CORP | OTIS | Industrials | 1.59% | 3,112,380 | -2,706,771 | -46.51% | $271,866,393.00 |
| 20 | MSCI INC | MSCI | Financial Services | 0.56% | 166,619 | - | - | $95,594,319.00 |
| 21 | ROLLINS INC | ROL | Consumer Cyclical | 0.52% | 1,478,629 | - | - | $88,747,313.00 |
| 22 | QUALYS INC | QLYS | Technology | 0.50% | 647,806 | -223,053 | -25.61% | $86,093,417.00 |
| 23 | PAYCOM SOFTWARE INC | PAYC | Technology | 0.49% | 523,433 | - | - | $83,414,283.00 |
| 24 | ODDITY TECH LTD | ODD | Other | 0.49% | 2,074,167 | +657,211 | +46.38% | $83,340,030.00 |
| 25 | CATALYST PHARMACEUTICALS INC | CPRX | Healthcare | 0.46% | 3,363,807 | - | - | $78,511,255.00 |
| 26 | NAPCO SEC TECHNOLOGIES INC | NSSC | Industrials | 0.43% | 1,779,857 | - | - | $74,220,037.00 |
| 27 | DOXIMITY INC | DOCS | Healthcare | 0.43% | 1,650,002 | +294,058 | +21.69% | $73,062,089.00 |
| 28 | NUTANIX INC | NTNX | Technology | 0.42% | 1,377,158 | +1,377,158 | +100.00% | $71,185,297.00 |
| 29 | VERTIV HOLDINGS CO | VRT | Industrials | 0.39% | 410,944 | -180,506 | -30.52% | $66,577,037.00 |
| 30 | VERISIGN INC | VRSN | Technology | 0.38% | 270,634 | - | - | $65,750,530.00 |
| 31 | CLOROX CO DEL | CLX | Consumer Defensive | 0.36% | 613,497 | - | - | $61,858,903.00 |
| 32 | MANHATTAN ASSOCIATES INC | MANH | Technology | 0.29% | 288,332 | - | - | $49,970,819.00 |
| 33 | GRACO INC | GGG | Industrials | 0.28% | 579,016 | -321,529 | -35.70% | $47,461,942.00 |
| 34 | MEDPACE HLDGS INC | MEDP | Healthcare | 0.27% | 82,567 | -44,970 | -35.26% | $46,373,756.00 |
| 35 | ADMA BIOLOGICS INC | ADMA | Healthcare | 0.22% | 2,102,054 | +2,102,054 | +100.00% | $38,341,465.00 |
| 36 | SABRE CORP | SABR | Technology | 0.17% | 21,499,095 | - | - | $29,238,769.00 |
| 37 | HOME DEPOT INC | HD | Consumer Cyclical | 0.16% | 80,206 | -4,654 | -5.48% | $27,598,885.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Healthcare | 31.86% | $5,453,094,886.00 |
| Technology | 22.51% | $3,853,286,664.00 |
| Consumer Defensive | 12.95% | $2,217,208,696.00 |
| Communication Services | 11.66% | $1,995,094,906.00 |
| Consumer Cyclical | 10.04% | $1,718,696,982.00 |
| Financial Services | 7.80% | $1,335,243,345.00 |
| Industrials | 2.69% | $460,125,409.00 |
| Other | 0.49% | $83,340,030.00 |
Portfolio insights
As of Dec 31, 2025, the Fundsmith portfolio holds 37 securities valued at $17,116,090,918.00. The Healthcare sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.