Fundsmith LLP

CIK 0001569205 · Q2 2026

13F Equity AUM

$13.6B

+6.4% QoQ

Positions

+7 QoQ

AUM Rank

#428

Top 5%

Skill Alpha (FF)

+1.9%/yr^ns

No Clear Edge

Rank #1,408 · Top 17%

vs S&P +1.2%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 29.8%Top 10: 52.5%Top 20: 90.7%

MAR7.0%

SYK6.7%

WAT6.3%

V5.1%

UBER4.7%

MA4.7%

GOOGL4.6%

CHD4.6%

PG4.4%

MSFT4.4%

Others (31)47.5%

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

Sector Allocation

Technology27.3%

Healthcare18.4%

Communication Services12.6%

Consumer Cyclical10.6%

Financial Services10.0%

Consumer Defensive9.2%

Industrials4.5%

Consumer Staples3.9%

Other3.5%

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

Position Sizing

Positions: 41Median: 2.52%Avg: 2.44%

0–0.5%

17(2.6%)

0.5–1%

1(0.7%)

1–3%

4(8.7%)

3–5%

15(63.0%)

5%+

4(25.1%)

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

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Portfolio Overlap

Shared: 0Unique: 41vs 20 funds

0%Low

Fund positions

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.

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Position Changes This Quarter

New13Increased4Decreased21Exited6

New Positions

UBER4.7%

+8.9M

MA4.7%

+1.2M

TSM4.0%

+1.1M

NFLX3.7%

+7.0M

GEV3.5%

+410K

APP2.6%

+697K

TJX2.5%

+2.3M

NXT2.5%

+2.9M

VEEV1.1%

+817K

YUM0.7%

+556K

Increased

NSSC0.2%

+223K(+58%)

MANH0.2%

+52K(+43%)

BMI0.2%

+32K(+23%)

CLX0.2%

+14K(+5%)

Decreased

FTNT4.1%

-2,526,737(-41%)

4I13.9%

-2,199,470(-43%)

ADP4.3%

-1,253,538(-33%)

GOOGL4.6%

-1,182,844(-40%)

V5.1%

-1,084,280(-35%)

WAT6.3%

-938,443(-29%)

TXN3.9%

-823,942(-31%)

MAR7.0%

-785,115(-23%)

MSFT4.4%

-483,000(-23%)

IDXX3.9%

-445,899(-30%)

Exited

-568,516

-3,877,559

-2,731,635

-844,887

-226,077

-28,611

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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