SEC 13F Intelligence

Managers / Q2 2022 · view latest →

FUNDSMITH INVESTMENT SERVICES LTD.

CIK 0001868537 · BLACK RIVER BUSINESS PARK, ROYAL ROAD, LA MIVOIE, GRANDE RIVIERE NOIRE, O4, 90607 · 00 230 483 3015

Reported Value
$6.0B
Q2 2022
Positions
24
Filings on Record
21
2019–present window
Filed
Aug 15, 2022
original filing

Summary

Fundsmith Investment Services Ltd. reported $6.0B in U.S.-listed holdings across 24 positions for Q2 2022.

Its largest position, MSFT, represents 11.7% of the portfolio.

Compared with Q1 2022, the fund opened 0 new positions and exited 1.

Portfolio Metrics

Turnover
+1.9%
vs prior filed quarter
Top-10 Concentration
+63.3%
share of reported value
Largest Position
+11.7%
Microsoft

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q2 ’21: $161MQ2 ’21Q3 ’21: $165MQ4 ’21: $184MQ1 ’22: $7.3BQ1 ’22Q2 ’22: $6.0BQ3 ’22: $5.8BQ4 ’22: $6.0BQ4 ’22Q1 ’23: $6.5BQ2 ’23: $6.9BQ3 ’23: $6.4BQ3 ’23Q4 ’23: $6.9BQ1 ’24: $7.5BQ2 ’24: $7.8BQ2 ’24Q3 ’24: $8.0BQ4 ’24: $7.7BQ1 ’25: $7.1BQ1 ’25Q2 ’25: $7.4BQ3 ’25: $6.4BQ4 ’25: $5.5BQ4 ’25Q1 ’26: $4.4Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 100.0%
  • Common Stock · 100.0% · $6.0B

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMZNAMAZON COM ORDADDED+1.71M1.80M−$102M$191M
SBUXSTARBUCKS CORPSOLD OUT−2.62M0−$238M$0
VVISA INC CLASS A SHARESADDED+216.1K1.46M+$12M$288M
MCXMCCORMICK & CO NON VTG SHRSADDED+482.4K4.03M−$19M$336M
ELESTEE LAUDER COMPANIES CL AADDED+148.9K1.62M+$12M$413M
SYKSTRYKER CORPADDED+145.8K1.63M−$73M$325M
4I1PHILIP MORRIS INTERNATIONALADDED+368.6K4.41M+$56M$435M
MSFTMICROSOFT CORPADDED+221.7K2.74M−$73M$704M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2022

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM11.74%$704M2.74M
24I1PHILIP MORRIS INTERNATIONALhistory →COM7.25%$435M4.41M
3ELESTEE LAUDER COMPANIES CL Ahistory →CL A6.89%$413M1.62M
4IDXXIDEXX LABORATORIES INChistory →COM5.84%$350M999.3K
5PEPPEPSICO INChistory →COM5.81%$349M2.09M
6MCXMCCORMICK & CO NON VTG SHRShistory →COM NON VTG5.60%$336M4.03M
7SYKSTRYKER CORPhistory →COM5.41%$325M1.63M
8CHDCHURCH AND DWIGHT ORDhistory →COM4.99%$299M3.23M
9ADPAUTOMATIC DATA PROCESSINGhistory →COM4.94%$296M1.41M
10INTUINTUIT INChistory →COM4.88%$293M759.7K
11VVISA INC CLASS A SHAREShistory →COM CL A4.79%$288M1.46M
12BF/BBROWN FORMAN CORP CLASS Bhistory →CL B4.61%$277M3.94M
13WATWATERS CORPhistory →COM4.55%$273M825.6K
14MTDMETTLER TOLEDO ORDhistory →COM4.29%$257M224.0K
15ADBEADOBE ORDhistory →COM4.18%$251M685.9K
16NKENIKE INC CL Bhistory →CL B3.74%$224M2.20M
17METAMETA PLATFORMS INC-CLASS Ahistory →CL A3.56%$213M1.32M
18AMZNAMAZON COM ORDhistory →COM3.18%$191M1.80M
19PYPLPAYPAL HOLDINGS INChistory →COM2.96%$178M2.55M
20GOOGLALPHABET CL A ORDhistory →CAP STK CL A0.18%$11M98.1K
21JNJJOHNSON & JOHNSONhistory →COM0.17%$10M57.7K
22PGPROCTER & GAMBLE ORDCOM0.16%$9M66.0K
23HDHOME DEPOT ORDCOM0.14%$9M31.0K
24ZTSZOETIS CL A ORDCL A0.13%$8M46.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$4.4B24May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$5.5B26Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$6.4B23Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$7.4B26Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$7.1B27May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$7.7B31Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$8.0B28Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$7.8B28Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$7.5B27May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$6.9B26Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$6.4B26Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$6.9B26Aug 14, 2023RESTATEMENTchanges · EDGAR ↗
Q1 2023$6.5B25May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$6.0B24Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$5.8B26Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$6.0B24Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$7.3B25May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$184M29Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$165M29Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$161M29Aug 13, 202113F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.