Fundsmith LLP
SEC Form 13F institutional filer · CIK 0001569205
13F-HR · 23 reported holdings · 2026-03-31
Fundsmith LLP is an asset manager.
Reported long-US-equity value
$12.61B
Top-10 concentration
70.0%
Fundsmith LLP — $12.6B AUM allocation strategy
Fundsmith LLP files SEC Form 13F and reports $12.6B of long US equity value across 23 reported holdings for 2026-03-31.
Its largest sector bet is Health Care 31.5%, followed by Consumer Staples 16.4% and Information Technology 14.3%.
The top 10 holdings account for 70% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Fundsmith LLP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$12.6B
total across 23 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
70% of value
higher = narrower conviction; lower = spread / hedging
Biggest trims (shares)
−$PM −1.01M sh · −$137M−$ROL −859K sh · −$55.6M−$SYK −626K sh · −$290M
Added from nil (new positions)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Health Care Equipment14.5%—
- Life Sciences Tools & Services13.2%—
- Interactive Media & Services12.7%—
- Systems Software10.1%—
- Hotels, Resorts & Cruise Lines8.8%—
- Transaction & Payment Processing Services7.5%—
- Tobacco6.7%—
- Human Resource & Employment Services6.2%—
- Other holdings20.4%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $MAR | Marriott International | 3.37M | $1.1B | -609K | 8.7% |
| $SYK | Stryker Corporation | 3.06M | $1.01B | -626K | 8.0% |
| $WAT | Waters Corporation | 3.21M | $957M | -346K | 7.6% |
| $V | Visa Inc | 3.1M | $938M | -431K | 7.4% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 2.96M | $850M | -542K | 6.7% |
| $PM | Philip Morris International Inc | 5.11M | $845M | -1.01M | 6.7% |
| $IDXX | IDEXX Laboratories Inc | 1.47M | $824M | -410K | 6.5% |
| $ADP | Automatic Data Processing Inc | 3.86M | $783M | -323K | 6.2% |
| $MSFT | Microsoft Corporation | 2.08M | $770M | -234 | 6.1% |
| $META | Meta Platforms Inc | 1.32M | $756M | -42.2K | 6.0% |
…and 13 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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