Fundsmith LLP

All holdings · as of Dec 31, 2025

Company	Class	Value	Shares	% of portfolio
Waters Corp	—	$1.35B	3,557,978	7.9%
STRYKER CORP	—	$1.30B	3,687,511	7.6%
IDEXX LABORATORIES INC /DE	—	$1.27B	1,876,035	7.4%
Visa Inc	—	$1.24B	3,534,684	7.2%
Marriott International Inc/MD	—	$1.23B	3,979,927	7.2%
Alphabet Inc.	—	$1.10B	3,498,519	6.4%
AUTOMATIC DATA PROCESSING INC	—	$1.07B	4,177,969	6.3%
MICROSOFT CORP	—	$1.01B	2,079,971	5.9%
Philip Morris International Inc.	—	$982.39M	6,124,597	5.7%
Meta Platforms Inc	—	$900.06M	1,363,539	5.3%
Mettler-Toledo International Inc	—	$809.34M	580,507	4.7%
PROCTER & GAMBLE Co	—	$608.79M	4,248,048	3.6%
CHURCH & DWIGHT CO INC /DE	—	$564.18M	6,728,404	3.3%
Fortinet Inc	—	$517.44M	6,516,011	3.0%
Zoetis Inc.	—	$490.80M	3,900,803	2.9%
TEXAS INSTRUMENTS INC	—	$455.16M	2,623,552	2.7%
INTUIT INC.	—	$414.42M	625,619	2.4%
NIKE, Inc.	—	$367.62M	5,770,181	2.1%
Otis Worldwide Corp	—	$271.87M	3,112,380	1.6%
MSCI Inc.	—	$95.59M	166,619	0.6%
ROLLINS INC	—	$88.75M	1,478,629	0.5%
Qualys Inc	—	$86.09M	647,806	0.5%
Paycom Software, Inc.	—	$83.41M	523,433	0.5%
Oddity Tech Ltd	—	$83.34M	2,074,167	0.5%
CATALYST PHARMACEUTICALS, INC.	—	$78.51M	3,363,807	0.5%
Napco Security Technologies Inc	—	$74.22M	1,779,857	0.4%
Doximity, Inc.	—	$73.06M	1,650,002	0.4%
Nutanix, Inc.	—	$71.19M	1,377,158	0.4%
Vertiv Holdings Co	—	$66.58M	410,944	0.4%
VeriSign Inc	—	$65.75M	270,634	0.4%
CLOROX CO /DE	—	$61.86M	613,497	0.4%
MANHATTAN ASSOCIATES INC	—	$49.97M	288,332	0.3%
GRACO INC	—	$47.46M	579,016	0.3%
Medpace Holdings, Inc.	—	$46.37M	82,567	0.3%
ADMA Biologics Inc	—	$38.34M	2,102,054	0.2%
Sabre Corp	—	$29.24M	21,499,095	0.2%
HOME DEPOT, INC.	—	$27.60M	80,206	0.2%