Fundsmith, Llp

SEC-registered Private Fund Manager · Large ($10B–$100B) CRD 160365 · SEC file 801-79120 · London · www.youtube.com

☆ Save with Pro ADV data as of Jun 26, 2026

Regulatory AUM: $18.5B
Discretionary: $18.5B
Clients: 5
Avg AUM / client: $3.7B
Accounts: 5
Employees: 43

AUM over time

$2.6B $45.7B

Jan 2014 Mar 2026

Annual snapshots from Form ADV filings · as of Jun 26, 2026

Investments (13F portfolio — 34 positions, $12,827,766,987)

13F period Mar 31, 2026

#	Issuer	Class	Value	Shares	% of 13F	% of AUM
1	Marriott Intl Inc New	CL A	$1,102,511,105	3,370,872	8.59%	5.96%
2	Stryker Corporation	COM	$1,005,950,683	3,061,416	7.84%	5.44%
3	Waters Corp	COM	$956,555,935	3,212,075	7.46%	5.17%
4	Visa Inc	COM CL A	$938,180,162	3,104,090	7.31%	5.07%
5	Alphabet Inc	CAP STK CL A	$850,084,297	2,956,198	6.63%	4.59%
6	Philip Morris Intl Inc	COM	$845,410,370	5,113,163	6.59%	4.57%
7	Idexx Labs Inc	COM	$823,610,496	1,465,786	6.42%	4.45%
8	Automatic Data Processing In	COM	$783,280,234	3,855,105	6.11%	4.23%
9	Microsoft Corp	COM	$769,856,245	2,079,737	6.0%	4.16%
10	Meta Platforms Inc	CL A	$755,998,279	1,321,375	5.89%	4.08%
11	Mettler Toledo International	COM	$717,012,379	568,516	5.59%	3.87%
12	Church & Dwight Co Inc	COM	$619,785,527	6,641,508	4.83%	3.35%
13	Procter & Gamble Co	COM	$606,635,578	4,199,914	4.73%	3.28%
14	Texas Instrs Inc	COM	$509,253,293	2,623,124	3.97%	2.75%
15	Fortinet Inc	COM	$503,123,481	6,156,675	3.92%	2.72%
16	Zoetis Inc	CL A	$458,366,249	3,877,559	3.57%	2.48%
17	Otis Worldwide Corp	COM	$210,554,426	2,731,635	1.64%	1.14%
18	Msci Inc	COM	$34,921,380	64,788	0.27%	0.19%
19	Rollins Inc	COM	$33,110,728	619,935	0.26%	0.18%
20	Medpace Hldgs Inc	COM	$30,092,547	62,668	0.23%	0.16%
21	Verisign Inc	COM	$28,180,664	113,467	0.22%	0.15%
22	Paycom Software Inc	COM	$26,672,804	219,457	0.21%	0.14%
23	Clorox Co Del	COM	$26,655,398	257,217	0.21%	0.14%
24	Vertiv Holdings Co	COM CL A	$22,866,427	91,254	0.18%	0.12%
25	Nutanix Inc	CL A	$21,946,670	577,392	0.17%	0.12%

Top 25 of 34 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).

Who they serve

Client type	Clients	AUM	% of AUM
Pooled investment vehicles (non-investment companies)	5	$18.5B	100.0%

Private funds (3)

Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $1.2B combined gross assets

Fund	Type	Domicile	Gross assets	Owners
Fundsmith Equity Fund, Lp	Other Private Fund	Delaware	$950M	308
Fundsmith Sustainable Equity Fund, L.P.	Other Private Fund	Delaware	$272M	75
Smithson, L.P.	Other Private Fund	Delaware	$26.3M	43

People (5)

Name	Role / title	With firm since	Ownership
Laurence, Mark, Aubrey Seymour	Partner And Chief Operating Officer	Apr 2010 (16y)	5% – 10%
Smith, Terence, Charles	Partner And Chief Executive Officer	Apr 2010 (16y)	10% – 25%
Robins, Julian, John	Shareholder	Apr 2014 (12y)	≈ 7.5% – 25% via Nolelu Ii Llc
Mainwaring, Paul, Richard	Chief Financial Officer And Partner	Jan 2021 (6y)	Less than 5%
Parker, Robert, Vernon	Chief Compliance Officer	Oct 2021 (5y)	Less than 5%

Entity owners (Schedule A/B)

Entity	Title / status	Since	Sch.	Ownership
International Value Investments Limited	Partner	Apr 2010	A	50% – 75%
Nolelu Ii Llc	Partner	Aug 2012	A	10% – 25%
Eighth Wonder Limited	Shareholder	Sep 2017	B	≈ 14.06% – 56.25% via Eighth Wonder
Eighth Wonder	Shareholder	Jul 2020	B	≈ 18.75% – 56.25% via Value Investments Limited
The Eighth Wonder Foundation	Shareholder	Jun 2022	B	≈ 10.55% – 56.25% via Eighth Wonder Limited
Value Investments Limited	Shareholder	Jul 2010	B	≈ 25% – 56.25% via International Value Investments Limited

Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.

Estimated effective ownership (look-through of filed bands):

Robins, Julian, John: 75% – 100% of Nolelu Ii Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
Eighth Wonder Limited: 75% – 100% of Eighth Wonder × 75% – 100% of Value Investments Limited × 50% – 75% of International Value Investments Limited × 50% – 75% direct ≈ 14.06% – 56.25% of the firm
Eighth Wonder: 75% – 100% of Value Investments Limited × 50% – 75% of International Value Investments Limited × 50% – 75% direct ≈ 18.75% – 56.25% of the firm
The Eighth Wonder Foundation: 75% – 100% of Eighth Wonder Limited × 75% – 100% of Eighth Wonder × 75% – 100% of Value Investments Limited × 50% – 75% of International Value Investments Limited × 50% – 75% direct ≈ 10.55% – 56.25% of the firm
Value Investments Limited: 50% – 75% of International Value Investments Limited × 50% – 75% direct ≈ 25% – 56.25% of the firm

Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.

Private funds (3, $1.2B gross assets)

Fund	Type	Gross assets	Min. investment	Owners
Fundsmith Equity Fund, Lp	Other Private Fund	$950M	$250K	308
Fundsmith Sustainable Equity Fund, L.P.	Other Private Fund	$272M	$250K	75
Smithson, L.P.	Other Private Fund	$26.3M	$250K	43

From Form ADV Section 7.B private fund reporting.

Documents (1 archived)

Form	Period	Size
Form ADV (full filing)	06/26/2026	1.5 MB	View · PDF · Source ↗

Archived copies of the firm's regulatory filings, versioned by content hash.

Disciplinary disclosures

No disciplinary events reported on the firm's latest Form ADV filing.

How they charge

• Percentage of assets under management

Services

• Portfolio management for pooled investment vehicles

Custody

Reported custodians

Northern Trust $3.9B (9% of AUM) Oct 2021

Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).

Firm reports having custody of client funds or securities (Item 9.A).

Source

All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 26, 2026.

View current Form ADV (SEC/IAPD) ↗