SEC 13F Intelligence

Managers / Q3 2025 · 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
$6.4B
Q3 2025
Positions
23
Filings on Record
21
2019–present window
Filed
Nov 14, 2025
original filing

Summary

Fundsmith Investment Services Ltd. reported $6.4B in U.S.-listed holdings across 23 positions for Q3 2025.

Its largest position, SYK, represents 9.0% of the portfolio.

Compared with Q2 2025, the fund opened 0 new positions and exited 3.

Portfolio Metrics

Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+70.6%
share of reported value
Largest Position
+9.0%
Stryker Corporation

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% · $6.4B

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FCNCAFIRST CTZNS BANCSHARES INC NSOLD OUT−10.4K0−$20M$0
SHOPSHOPIFY INCSOLD OUT−88.2K0−$10M$0
MAMASTERCARD INCORPORATEDSOLD OUT−16.6K0−$9M$0
INTUINTUITADDED+74.4K188.5K+$39M$129M
HDHOME DEPOT INCTRIMMED−19.2K14.1K−$6M$6M
METAMETA PLATFORMS INCTRIMMED−435.7K707.5K−$324M$520M
MSFTMICROSOFT CORPTRIMMED−584.3K1.01M−$270M$521M
ZTSZOETIS INCADDED+303.9K1.18M+$36M$172M

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

Holdings — Q3 2025

23 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SYKSTRYKER CORPORATIONhistory →COM8.95%$574M1.55M
2MSFTMICROSOFT CORPhistory →COM8.12%$521M1.01M
3METAMETA PLATFORMS INChistory →CL A8.10%$520M707.5K
4GOOGLALPHABET INChistory →CAP STK CL A7.37%$473M1.95M
5IDXXIDEXX LABS INChistory →COM6.85%$440M688.4K
6VVISA INChistory →COM CL A6.65%$427M1.25M
7ADPAUTOMATIC DATA PROCESSING INhistory →COM6.61%$424M1.44M
8WATWATERS CORPhistory →COM6.34%$407M1.36M
9MARMARRIOTT INTL INC NEWhistory →CL A5.94%$381M1.46M
104I1PHILIP MORRIS INTL INChistory →COM5.65%$362M2.23M
11MTDMETTLER TOLEDO INTERNATIONALhistory →COM4.86%$312M253.8K
12PGPROCTER AND GAMBLE COhistory →COM4.52%$290M1.89M
13CHDCHURCH & DWIGHT CO INChistory →COM3.83%$246M2.81M
14FTNTFORTINET INChistory →COM2.99%$192M2.28M
15TXNTEXAS INSTRS INChistory →COM2.82%$181M985.9K
16ZTSZOETIS INChistory →CL A2.68%$172M1.18M
17NKENIKE INChistory →CL B2.52%$161M2.31M
18OTISOTIS WORLDWIDE CORPhistory →COM2.34%$150M1.64M
19INTUINTUIThistory →COM2.01%$129M188.5K
20CPNGCOUPANG INChistory →CL A0.32%$20M634.5K
21WMWASTE MGMT INC DELhistory →COM0.24%$16M70.5K
22IESCIES HLDGS INChistory →COM0.21%$13M33.4K
23HDHOME DEPOT INCCOM0.09%$6M14.1K

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 ↗.