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Fundsmith LLP

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13F filer, CIK 1569205, LONDON, United Kingdom

Fundsmith LLP reported $21,974,626,595 across 38 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 69.17% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001520023-25-000003

Period
2025-03-31
Reported value
$22B
Holdings
38
Top 10 weight
69.17%
New
2
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ZTSadded+2,319,158$382M
TXNadded+1,025,182$184M
INTUnew+181,628$112M
CPRXnew+2,151,274$52.2M
DOCSadded+479,380$27.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
PEPexited-5,663,677-$861M
METAreduced-677,556-$391M
MSFTreduced-816,871-$307M
Vreduced-485,543-$170M
ADPreduced-499,813-$153M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001520023-25-000003, largest first. % of portfolio is the value over $21,974,626,595, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,871,364 shares; 2024Q4: 4,561,352 shares; 2025Q1: 3,883,796 shares 3,883,796$2.24B10.19%-677,556Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,900,275 shares; 2024Q4: 6,187,033 shares; 2025Q1: 5,370,162 shares 5,370,162$2.02B9.17%-816,871Timeline
SYKSTRYKER CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,336,821 shares; 2024Q4: 5,333,977 shares; 2025Q1: 5,069,187 shares 5,069,187$1.89B8.59%-264,790Timeline
PMPHILIP MORRIS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,012,659 shares; 2024Q4: 11,245,175 shares; 2025Q1: 10,805,892 shares 10,805,892$1.72B7.81%-439,283Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,546,831 shares; 2024Q4: 4,622,567 shares; 2025Q1: 4,137,024 shares 4,137,024$1.45B6.6%-485,543Timeline
ADPAUTOMATIC DATA PROCESSING INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,571,820 shares; 2024Q4: 5,013,712 shares; 2025Q1: 4,513,899 shares 4,513,899$1.38B6.28%-499,813Timeline
WATWATERS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,645,999 shares; 2024Q4: 3,634,522 shares; 2025Q1: 3,613,197 shares 3,613,197$1.33B6.06%-21,325Timeline
IDXXIDEXX LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,664,162 shares; 2024Q4: 2,662,855 shares; 2025Q1: 2,648,331 shares 2,648,331$1.11B5.06%-14,524Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,852,087 shares; 2024Q4: 6,848,278 shares; 2025Q1: 6,843,213 shares 6,843,213$1.06B4.82%-5,065Timeline
MARMARRIOTT INTL INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,266,655 shares; 2024Q4: 4,255,340 shares; 2025Q1: 4,251,560 shares 4,251,560$1.01B4.61%-3,780Timeline
FTNTFORTINET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,118,293 shares; 2024Q4: 8,530,423 shares; 2025Q1: 8,523,040 shares 8,523,040$820M3.73%-7,383Timeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,633,222 shares; 2024Q4: 4,626,376 shares; 2025Q1: 4,620,406 shares 4,620,406$787M3.58%-5,970Timeline
CHDCHURCH & DWIGHT CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,882,775 shares; 2024Q4: 6,857,121 shares; 2025Q1: 6,847,486 shares 6,847,486$754M3.43%-9,635Timeline
MTDMETTLER TOLEDO INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 591,919 shares; 2024Q4: 591,455 shares; 2025Q1: 590,838 shares 590,838$698M3.18%-617Timeline
OTISOTIS WORLDWIDE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,141,228 shares; 2024Q4: 5,966,777 shares; 2025Q1: 5,866,737 shares 5,866,737$605M2.76%-100,040Timeline
TXNTEXAS INSTRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,700,630 shares; 2024Q4: 1,700,630 shares; 2025Q1: 2,725,812 shares 2,725,812$490M2.23%+1,025,182Timeline
ZTSZOETIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 230,726 shares; 2024Q4: 227,329 shares; 2025Q1: 2,546,487 shares 2,546,487$419M1.91%+2,319,158Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,299,493 shares; 2024Q4: 6,135,629 shares; 2025Q1: 6,135,629 shares 6,135,629$389M1.77%0Timeline
BF-BBROWN FORMAN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,010,507 shares; 2024Q4: 9,637,881 shares; 2025Q1: 9,637,881 shares 9,637,881$327M1.49%0Timeline
VRSNVERISIGN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 624,500 shares; 2024Q4: 624,500 shares; 2025Q1: 570,035 shares 570,035$145M0.66%-54,465Timeline
INTUINTUITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 181,628 shares 181,628$112M0.51%newTimeline
VRSKVERISK ANALYTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 417,685 shares; 2024Q4: 417,685 shares; 2025Q1: 330,624 shares 330,624$98.4M0.45%-87,061Timeline
CHHCHOICE HOTELS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 733,892 shares; 2024Q4: 733,892 shares; 2025Q1: 733,892 shares 733,892$97.4M0.44%0Timeline
GGGGRACO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,139,641 shares; 2024Q4: 1,139,641 shares; 2025Q1: 1,139,641 shares 1,139,641$95.2M0.43%0Timeline
MSCIMSCI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 166,619 shares; 2024Q4: 166,619 shares; 2025Q1: 166,619 shares 166,619$94.2M0.43%0Timeline
QLYSQUALYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 548,009 shares; 2024Q4: 548,009 shares; 2025Q1: 718,602 shares 718,602$90.5M0.41%+170,593Timeline
PAYCPAYCOM SOFTWARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 322,611 shares; 2024Q4: 322,611 shares; 2025Q1: 413,510 shares 413,510$90.3M0.41%+90,899Timeline
CLXCLOROX CO DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 613,497 shares; 2024Q4: 613,497 shares; 2025Q1: 613,497 shares 613,497$90.3M0.41%0Timeline
ROLROLLINS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,597,513 shares; 2024Q4: 1,597,513 shares; 2025Q1: 1,597,513 shares 1,597,513$86.3M0.39%0Timeline
ODDODDITY TECH LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,615,158 shares; 2024Q4: 1,615,158 shares; 2025Q1: 1,615,158 shares 1,615,158$69.9M0.32%0Timeline
DOCSDOXIMITY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 710,502 shares; 2025Q1: 1,189,882 shares 1,189,882$69M0.31%+479,380Timeline
EXPOEXPONENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 836,477 shares; 2024Q4: 836,477 shares; 2025Q1: 836,477 shares 836,477$67.8M0.31%0Timeline
SABRSABRE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,499,095 shares; 2024Q4: 21,499,095 shares; 2025Q1: 21,499,095 shares 21,499,095$60.4M0.27%0Timeline
EFXEQUIFAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 363,328 shares; 2024Q4: 363,328 shares; 2025Q1: 235,505 shares 235,505$57.4M0.26%-127,823Timeline
CPRXCATALYST PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,151,274 shares 2,151,274$52.2M0.24%newTimeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 147,815 shares; 2024Q4: 145,639 shares; 2025Q1: 114,736 shares 114,736$42M0.19%-30,903Timeline
MEDPMEDPACE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 127,537 shares; 2025Q1: 127,537 shares 127,537$38.9M0.18%0Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 64,990 shares; 2024Q4: 64,033 shares; 2025Q1: 49,454 shares 49,454$27.1M0.12%-14,579Timeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
PEPPEPSICO INC5,663,677$861Mshares
IEXIDEX CORP362,501$75.9Mshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001520023-25-000003 base2025-05-15acceptance time not in the bulk data set