Top funds
No. 14 this year · UK fund sold to the public · London

Fundsmith

Run by Terry Smith since 2010. Owns very profitable global brands and tech leaders, and tries to do nothing for long stretches.
If you’d given them £1,000 on January 1, by September 30 you’d have
£986
1.4% in 2026, through Sep 30
You’d have lost £14.
In British pounds.
As reported by Fundsmith fact sheet, for Jan 1 – Sep 30, 2026 · Fundsmith Equity Fund

Good years and bad years

In 2025:
£1,000
£1,008
(+0.8%, in British pounds)
As reported by Fundsmith fact sheet, for Jan 1 – Dec 31, 2025 · Fundsmith Equity Fund
Over 16 years (2010–2026):
£1,000
£6,995
(+13.0% a year, in British pounds)
As reported by Fundsmith fact sheet, for Nov 1, 2010 – Sep 30, 2026 · Fundsmith Equity Fund
Even funds with strong records have bad years.

What they own

Biggest bets first. The % is how much of their stock money is in that company. Tap a stock to open its page.
Already owned
Added lately
Sold lately
A full bar is 10% of their money.

Just bought

17
Between April and June, compared with the report before.

Sold

27
Dollar amounts use the price on Jun 30, 2026, or on Mar 31, 2026 for stocks they sold completely.

Year by year

Each calendar year’s result for Fundsmith Equity Fund (T class, in pounds). In British pounds, after fees. Fundsmith’s main fund is sold to the public in the UK.
From Nov 1, 2010 to Jun 30, 2026, £1,000 became £6,926: 13.1% a year on average, after fees, in British pounds. Up in 15 of the 17 years shown, down in 2.
2026 · Jan 1 – Jun 30
−2.9%
2025
+0.8%
2024
+8.9%
2023
+12.4%
2022
−13.8%
2021
+22.1%
2020
+18.3%
2019
+25.6%
2018
+2.2%
2017
+22.0%
Sources: Fundsmith Equity Fund factsheet, 31 Dec 2025 - ‘Monthly performance table, % Total Return, T Class, Accumul… · Fundsmith Equity Fund Semi-Annual Letter to Shareholders, July 2026

Where their money goes

Each square is $1 of every $100 they have in stocks.

Who invests with them

From Form ADV, the form investment firms file with the SEC about their clients, their money and their staff.
About 221 investors
They hold only about 3% of the money it manages: the form doesn’t count the investors behind the rest.
$18.5 billion it manages
All the money it invests for its clients, by its own count.
43 people work there
5 of them pick investments.
$250,000 minimum to join
For Fundsmith Equity Fund, LP, its biggest fund. Its managers and staff own 2% of it.

Its funds

Fundsmith Equity Fund, LP
About 174 investors
$505 million
Fundsmith Sustainable Equity Fund, L.P.
About 47 investors
$104 million
  • Investor counts are approximate, and someone in two of its funds counts twice.
From the Form ADV filed by Fundsmith, LLP on Jun 26, 2026.
View it on SEC.gov

At a glance

Money they have in stocks
$13.6 billion
$13,648,923,682
Stocks they own
41
Their 5 biggest bets
30% of their money
Holdings as of
Jun 30, 2026
Reported on
Aug 14, 2026
Run by
Terry Smith
Based in
London
Investing since
2010
The original report
SEC.gov ↗︎

Good to know

  • Returns are in British pounds.
  • Companies listed only in Europe don’t appear in these U.S. reports.
Holdings as of Jun 30, 2026, from Fundsmith’s Form 13F, filed Aug 14, 2026.
View the filing on SEC.gov
Not investment advice. For information and education only. Holdings: SEC Form 13F filings and the funds’ own letters. Returns: as reported by the funds or the press, linked at each number. Investors and money managed: the managers’ Form ADV filings with the SEC. Not affiliated with the SEC or any fund.
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