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Fundsmith Investment Services Limited
Terry Smith · Asset Manager · Growth
Fundsmith Investment Services Limited is an investment management firm headquartered in Mauritius and an affiliate of the London-based Fundsmith LLP. Founded in 2010 by Terry Smith, the firm was established to provide a different approach to investing, characterized by transparency, high conviction, and low turnover. It serves as the SEC-registered investment adviser for the firm's international funds and its expansion into the U.S. market, including the Fundsmith Equity ETF. The institution focuses on managing a concentrated portfolio of global equities, aiming to achieve superior long-term returns by investing in high-quality, resilient businesses. As part of the broader Fundsmith group, it manages significant assets for retail and institutional investors globally, maintaining a lean operational structure and a commitment to aligning its interests with those of its clients.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +4.8% |
| YTD return | +1.4% |
| Sharpe ratio | 1.26 |
| Win rate | 46% |
| AUM | $4.3B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $4.3B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.fundsmith.co.uk |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| WAT | Waters Corporation | 8.0% | +30.3% |
| SYK | Stryker Corporation | 7.9% | -23.1% |
| MAR | Marriott International Inc | 7.3% | +23.3% |
| V | Visa Inc. Class A | 6.0% | +7.0% |
| MSFT | Microsoft Corporation | 6.0% | -0.5% |
| CHD | Church & Dwight Company Inc | 5.9% | +2.7% |
| ADP | Automatic Data Processing Inc | 5.4% | +2.7% |
| MA | Mastercard Inc | 5.4% | -4.9% |
| UBER | Uber Technologies Inc | 5.3% | -10.5% |
| META | Meta Platforms Inc. | 4.5% | -5.0% |
| TXN | Texas Instruments Incorporated | 4.5% | +30.7% |
| GOOGL | Alphabet Inc Class A | 4.5% | +38.9% |
| FTNT | Fortinet Inc | 4.2% | +79.9% |
| PM | Philip Morris International Inc | 4.2% | +15.3% |
| IDXX | IDEXX Laboratories Inc | 4.2% | -17.0% |
| NFLX | Netflix Inc | 4.1% | -12.1% |
| TSM | Taiwan Semiconductor Manufacturing | 4.0% | +3.9% |
| PG | Procter & Gamble Company | 3.6% | -3.9% |
| GEV | GE Vernova LLC | 2.7% | +2.8% |
| TJX | The TJX Companies Inc | 2.2% | -5.9% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | SELL | GOOGL | 7.6% → 4.5% |
| Aug 31, 2026 | SELL | V | 7.2% → 6.0% |
| Aug 31, 2026 | SELL | ADP | 7.0% → 5.4% |
| Aug 31, 2026 | SELL | OTIS | 1.4% → 0.0% |
| Aug 31, 2026 | BUY | UBER | 0.0% → 5.3% |
Investment Style Analysis
Fundsmith Investment Services Limited is widely recognized for employing a Growth strategy. As of Sep 18, 2026, the firm oversees approximately $4.3B in assets under management (AUM). The portfolio demonstrates a clear preference for the Diagnostics & Research and Credit Services sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Fundsmith Investment Services Limited made a significant move by reducing the position in GOOGL. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The firm follows a rigorous three-step investment philosophy: "Buy good companies, don't overpay, and do nothing." Fundsmith targets high-quality businesses that can sustain a high return on operating capital employed, particularly those with intangible advantages that are difficult to replicate. The strategy prioritizes companies driven by repeat, predictable transactions in sectors such as consumer staples and healthcare, while strictly avoiding cyclical or highly leveraged industries like airlines, real estate, and banks. By maintaining a concentrated portfolio of 20 to 30 stocks and adopting a long-term buy-and-hold approach, the firm seeks to minimize transaction costs and allow the underlying value of its holdings to compound over time without attempting to time the market.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Fundsmith Investment Services Limited.
Similar Investment Style
Based on Growth.
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Frequently asked questions
How is the simulated portfolio for Fundsmith Investment Services Limited constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Fundsmith Investment Services Limited's largest holding?
As of the latest filing, Fundsmith Investment Services Limited's top position is Waters Corporation (WAT), representing 8.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is Fundsmith Investment Services Limited's historical performance and risk profile?
Our simulation indicates a total return of +4.8% with a win rate of 46%. Notably, the portfolio maintains a Sharpe Ratio of 1.26, suggesting an strong level of risk-adjusted returns compared to the broader market.
What sectors does Fundsmith Investment Services Limited primarily invest in?
Fundsmith Investment Services Limited has a strong preference for the Diagnostics & Research sector, which makes up 12.1% of their disclosed assets. The portfolio also has exposure to Credit Services, indicating a specific thematic focus.
Is Fundsmith Investment Services Limited's portfolio concentrated or diversified?
Fundsmith Investment Services Limited runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 23.2% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Fundsmith Investment Services Limited performed in 2026?
Our AI-simulated model portfolio for Fundsmith Investment Services Limited tracks a Year-to-Date (YTD) return of +1.4%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Terry Smith manage Fundsmith Investment Services Limited directly?
Yes, Terry Smith serves as the key portfolio manager for Fundsmith Investment Services Limited, overseeing the investment strategy and final capital allocation decisions.