Fundsmith Investment Services
Terry Smith
Period
Q2 2026
Portfolio Date
Jun 30, 2026
Stocks Held
27
Market Value
$4.5B
Holdings Value Trend
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Top 5 Holdings
Historical Positions
| Symbol | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| MAR | 7.4% | 8.9% | 7.5% | 5.9% |
| SYK | 7.3% | 8.8% | 8.4% | 8.9% |
| WAT | 7.0% | 7.4% | 8.0% | 6.3% |
| CHD | 5.4% | - | - | - |
| V | 5.2% | 7.0% | 6.9% | 6.7% |
| TXN | 5.0% | - | - | - |
| UBER | 4.7% | - | - | - |
| MA | 4.5% | - | - | - |
| GOOGL | 4.4% | 7.4% | 7.2% | 7.4% |
| TSM | 4.3% | - | - | - |
Post-Filing Contributors
Price change since reported price, ranked by portfolio contribution
MSFT+28.99%
ADP+24.68%
SYK+4.08%
WAT+7.91%
IDXX+3.69%
Post-Filing Detractors
Price change since reported price, ranked by portfolio contribution
APP-40.07%
MTD-8.16%
TSM-12.89%
GEV-17.78%
MAR-3.78%
Sector Analysis
Financials9.6%
Healthcare19.1%
Technology29.4%
Industrials3.9%
Consumer Staples12.7%
Communication Services14.8%
Consumer Discretionary10.5%
All Holdings
1
M
$MAR
7.4%
Decreased 24.78%
2S
$SYK
7.3%
Decreased 11.41%
3W
$WAT
7.0%
Decreased 23.62%
4C
$CHD
5.4%
Decreased 2.31%
5V
$V
5.2%
Decreased 33.64%
6T
$TXN
5.0%
Decreased 12.44%
7U
$UBER
4.7%
New
8M
$MA
4.5%
New
9G
$GOOGL
4.4%
Decreased 50.73%
10T
$TSM
4.3%
Increased 14322.57%
11M
$META
4.3%
Decreased 27.36%
12M
$MSFT
4.2%
Decreased 23.89%
13A
$ADP
4.1%
Decreased 37.94%
14F
$FTNT
3.8%
Decreased 32.15%
15I
$IDXX
3.8%
Decreased 32.09%
16P
$PM
3.8%
Decreased 43.71%
17P
$PG
3.5%
Decreased 38.32%
18N
$NFLX
3.5%
New
19G
$GEV
3.3%
New
20A
$APP
2.7%
New
21T
$TJX
2.4%
Increased 22357.21%
22N
$NXT
2.4%
New
23V
$VEEV
1.0%
New
24B
$BMI
0.8%
Increased 89.39%
25Y
$YUM
0.6%
New
26W
$WM
0.6%
Increased 63.16%
27O
$ORLY
0.0%
New