Fundsmith Boosts Tech Bets with Q2 Portfolio Shake-up

Fundsmith's 13F portfolio has seen significant changes in Q2 2026, with the total value rising to approximately $13.65 billion. The fund now holds 41 stocks, up from 34 in the previous quarter.

The top positions in Fundsmith's portfolio are held by MAR (Marriott), SYK (Stryker), WAT (Waters), V (Visa), and UBER (Uber), which together comprise around 30% of the fund's assets. The top five holdings have expanded from 24% to 30% since the last quarter.

The addition of new stakes in Uber, Mastercard, Taiwan Semi, Netflix, and GE Vernova reflect a tilt towards large-cap growth and tech stocks. Fundsmith has also made significant disposals, including Mettler-Toledo, Zoetis, and Otis Worldwide, while trimming positions in top holdings such as Marriott, Stryker, Waters, Visa, Alphabet, and Meta.