Fundsmith LLP

CIK 0001569205 · Q1 2026

13F Equity AUM

$12.8B

-25.1% QoQ

Positions

-3 QoQ

AUM Rank

#563

Top 5%

Skill Alpha (FF)

+2.4%/yr^ns

No Clear Edge

Rank #1,030 · Top 13%

vs S&P +0.6%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 37.8%Top 10: 68.8%Top 20: 97.9%

MAR8.6%

SYK7.8%

WAT7.5%

V7.3%

GOOGL6.6%

4I16.6%

IDXX6.4%

ADP6.1%

MSFT6.0%

META5.9%

Others (24)31.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare31.5%

Technology14.9%

Communication Services12.5%

Consumer Defensive9.8%

Consumer Cyclical9.0%

Industrials8.0%

Financial Services7.6%

Consumer Staples6.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 34Median: 0.96%Avg: 2.94%

0–0.5%

17(2.9%)

0.5–1%

0(0.0%)

1–3%

1(1.6%)

3–5%

5(21.0%)

5%+

11(74.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 34Unique: 0vs 20 funds

0.5%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.9%

VANGUARD CAPITAL MANAGEMENT LLC

STATE STREET CORP

VANGUARD PORTFOLIO MANAGEMENT LLC

1.2%

MORGAN STANLEY

0.6%

GEODE CAPITAL MANAGEMENT, LLC

BANK OF AMERICA CORP /DE/

0.7%

JPMORGAN CHASE & CO

0.7%

FMR LLC

1.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New1Increased0Decreased33Exited4

New Positions

BMI0.2%

+142K

Decreased

SABR0.1%

-12,485,312(-58%)

CPRX0.2%

-2,518,920(-75%)

NSSC0.1%

-1,396,261(-78%)

4I16.6%

-1,011,434(-17%)

DOCS0.1%

-958,216(-58%)

ROL0.3%

-858,694(-58%)

NTNX0.2%

-799,766(-58%)

SYK7.8%

-626,095(-17%)

MAR8.6%

-609,055(-15%)

GOOGL6.6%

-542,321(-16%)

Exited

-625,619

-5,770,181

-2,074,167

-579,016

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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