FUNDSMITH INVESTMENT SERVICES LTD.
SEC Form 13F institutional filer · CIK 0001868537
13F-HR · 22 reported holdings · 2026-03-31
Investment management firm.
Reported long-US-equity value
$4.38B
Top-10 concentration
71.0%
FUNDSMITH INVESTMENT SERVICES LTD. — $4.38B AUM allocation strategy
FUNDSMITH INVESTMENT SERVICES LTD. files SEC Form 13F and reports $4.38B of long US equity value across 22 reported holdings for 2026-03-31.
Its largest sector bet is Health Care 31.9%, followed by Consumer Staples 17.7% and Communication Services 13.6%.
The top 10 holdings account for 71% 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 INVESTMENT SERVICES LTD. — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$4.38B
total across 22 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
71% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$TJX +2.06K sh · +$336K+$AAPL +1.58K sh · +$390K+$AMZN +1.27K sh · +$249K
Biggest trims (shares)
−$PM −414K sh · −$58.1M−$OTIS −285K sh · −$34.8M−$FTNT −158K sh · −$8.75M
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 Equipment15.1%—
- Life Sciences Tools & Services13.9%—
- Interactive Media & Services13.6%—
- Hotels, Resorts & Cruise Lines8.9%—
- Systems Software8.7%—
- Transaction & Payment Processing Services7.1%—
- Tobacco6.3%—
- Human Resource & Employment Services6.2%—
- Other holdings20.2%—
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 | 1.2M | $392M | -119K | 8.9% |
| $SYK | Stryker Corporation | 1.19M | $390M | -122K | 8.9% |
| $WAT | Waters Corporation | 1.1M | $327M | -49.4K | 7.5% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 1.13M | $326M | -123K | 7.4% |
| $V | Visa Inc | 1.03M | $310M | -54.1K | 7.1% |
| $MTD | Mettler-Toledo International Inc | 223K | $281M | -17K | 6.4% |
| $PM | Philip Morris International Inc | 1.68M | $277M | -414K | 6.3% |
| $IDXX | IDEXX Laboratories Inc | 482K | $271M | -72.3K | 6.2% |
| $ADP | Automatic Data Processing Inc | 1.33M | $270M | -11K | 6.2% |
| $META | Meta Platforms Inc | 469K | $268M | -54.5K | 6.1% |
…and 12 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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