{
 "manager": "Fundsmith",
 "page": "https://www.moatshark.com/m/fundsmith",
 "form": "13F-HR",
 "period": "2026-06-30",
 "filed": "2026-08-14",
 "previous_period": "2026-03-31",
 "filing_url": "https://www.sec.gov/Archives/edgar/data/1569205/000156920526000012/0001569205-26-000012-index.htm",
 "total_value_usd": 13648923682,
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holdings": [
  {
   "company": "Marriott International",
   "ticker": "MAR",
   "moatshark_slug": "mar",
   "sector": "Consumer discretionary",
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   "portfolio_pct": 7.02,
   "previous_pct": 8.59,
   "change": "REDUCE",
   "share_change_pct": -23.3,
   "quarters_held": 14
  },
  {
   "company": "Stryker",
   "ticker": "SYK",
   "moatshark_slug": "syk",
   "sector": "Health care",
   "value_usd": 917391182,
   "shares": 2913833,
   "portfolio_pct": 6.72,
   "previous_pct": 7.84,
   "change": "REDUCE",
   "share_change_pct": -4.8,
   "quarters_held": 54
  },
  {
   "company": "Waters",
   "ticker": "WAT",
   "moatshark_slug": "wat",
   "sector": "Technology",
   "value_usd": 852702945,
   "shares": 2273632,
   "portfolio_pct": 6.25,
   "previous_pct": 7.46,
   "change": "REDUCE",
   "share_change_pct": -29.2,
   "quarters_held": 46
  },
  {
   "company": "Visa",
   "ticker": "V",
   "moatshark_slug": "v",
   "sector": "Financials",
   "value_usd": 692976613,
   "shares": 2019810,
   "portfolio_pct": 5.08,
   "previous_pct": 7.31,
   "change": "REDUCE",
   "share_change_pct": -34.9,
   "quarters_held": 54
  },
  {
   "company": "Uber Technologies",
   "ticker": "UBER",
   "moatshark_slug": "uber",
   "sector": "Industrials",
   "value_usd": 645337776,
   "shares": 8943151,
   "portfolio_pct": 4.73,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Mastercard",
   "ticker": "MA",
   "moatshark_slug": "ma",
   "sector": "Financials",
   "value_usd": 639458194,
   "shares": 1245051,
   "portfolio_pct": 4.69,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Alphabet",
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   "moatshark_slug": "goog",
   "sector": "Communication and media",
   "value_usd": 633743519,
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   "portfolio_pct": 4.64,
   "previous_pct": 6.63,
   "change": "REDUCE",
   "share_change_pct": -40,
   "quarters_held": 19
  },
  {
   "company": "Church & Dwight",
   "ticker": "CHD",
   "moatshark_slug": "chd",
   "sector": "Materials",
   "value_usd": 625518702,
   "shares": 6456634,
   "portfolio_pct": 4.58,
   "previous_pct": 4.83,
   "change": "REDUCE",
   "share_change_pct": -2.8,
   "quarters_held": 23
  },
  {
   "company": "Procter & Gamble",
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   "moatshark_slug": "pg",
   "sector": "Materials",
   "value_usd": 598052323,
   "shares": 4078371,
   "portfolio_pct": 4.38,
   "previous_pct": 4.73,
   "change": "REDUCE",
   "share_change_pct": -2.9,
   "quarters_held": 23
  },
  {
   "company": "Microsoft",
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   "moatshark_slug": "msft",
   "sector": "Technology",
   "value_usd": 595614836,
   "shares": 1596737,
   "portfolio_pct": 4.36,
   "previous_pct": 6,
   "change": "REDUCE",
   "share_change_pct": -23.2,
   "quarters_held": 32
  },
  {
   "company": "Meta Platforms",
   "ticker": "META",
   "moatshark_slug": "meta",
   "sector": "Communication and media",
   "value_usd": 592511232,
   "shares": 1051876,
   "portfolio_pct": 4.34,
   "previous_pct": 5.89,
   "change": "REDUCE",
   "share_change_pct": -20.4,
   "quarters_held": 34
  },
  {
   "company": "Automatic Data Processing",
   "ticker": "ADP",
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   "sector": "Industrials",
   "value_usd": 582620930,
   "shares": 2601567,
   "portfolio_pct": 4.27,
   "previous_pct": 6.11,
   "change": "REDUCE",
   "share_change_pct": -32.5,
   "quarters_held": 39
  },
  {
   "company": "Fortinet",
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   "moatshark_slug": "ftnt",
   "sector": "Technology",
   "value_usd": 557631076,
   "shares": 3629938,
   "portfolio_pct": 4.09,
   "previous_pct": 3.92,
   "change": "REDUCE",
   "share_change_pct": -41,
   "quarters_held": 24
  },
  {
   "company": "Taiwan Semiconductor Manufacturing",
   "ticker": "TSM",
   "moatshark_slug": "tsm",
   "sector": "Technology",
   "value_usd": 548464789,
   "shares": 1148449,
   "portfolio_pct": 4.02,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "IDEXX Laboratories",
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   "sector": "Health care",
   "value_usd": 536909312,
   "shares": 1019887,
   "portfolio_pct": 3.93,
   "previous_pct": 6.42,
   "change": "REDUCE",
   "share_change_pct": -30.4,
   "quarters_held": 46
  },
  {
   "company": "Texas Instruments",
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   "moatshark_slug": "txn",
   "sector": "Technology",
   "value_usd": 536282179,
   "shares": 1799182,
   "portfolio_pct": 3.93,
   "previous_pct": 3.97,
   "change": "REDUCE",
   "share_change_pct": -31.4,
   "quarters_held": 10
  },
  {
   "company": "Philip Morris International",
   "ticker": "PM",
   "moatshark_slug": "pm",
   "sector": "Consumer staples",
   "value_usd": 527116201,
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   "previous_pct": 6.59,
   "change": "REDUCE",
   "share_change_pct": -43,
   "quarters_held": 54
  },
  {
   "company": "Netflix",
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   "moatshark_slug": "nflx",
   "sector": "Communication and media",
   "value_usd": 499110633,
   "shares": 6990345,
   "portfolio_pct": 3.66,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Ge Vernova",
   "ticker": "GEV",
   "moatshark_slug": "gev",
   "sector": "Industrials",
   "value_usd": 481498748,
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   "portfolio_pct": 3.53,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Applovin",
   "ticker": "APP",
   "moatshark_slug": "app",
   "sector": "Technology",
   "value_usd": 358892731,
   "shares": 696568,
   "portfolio_pct": 2.63,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "TJX Companies",
   "ticker": "TJX",
   "moatshark_slug": "tjx",
   "sector": "Consumer discretionary",
   "value_usd": 344297688,
   "shares": 2272592,
   "portfolio_pct": 2.52,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Nextpower",
   "ticker": "NXT",
   "moatshark_slug": "nxt",
   "sector": "Technology",
   "value_usd": 340274801,
   "shares": 2856092,
   "portfolio_pct": 2.49,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Veeva Systems",
   "ticker": "VEEV",
   "moatshark_slug": "veev",
   "sector": "Technology",
   "value_usd": 144954834,
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   "portfolio_pct": 1.06,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Yum! Brands",
   "ticker": "YUM",
   "moatshark_slug": "yum",
   "sector": "Consumer discretionary",
   "value_usd": 88899265,
   "shares": 556107,
   "portfolio_pct": 0.65,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "MSCI",
   "ticker": "MSCI",
   "moatshark_slug": "msci",
   "sector": "Financials",
   "value_usd": 30006943,
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   "previous_pct": 0.27,
   "change": "REDUCE",
   "share_change_pct": -17.3,
   "quarters_held": 31
  },
  {
   "company": "Medpace Holdings",
   "ticker": "MEDP",
   "moatshark_slug": "medp",
   "sector": "Health care",
   "value_usd": 27735687,
   "shares": 52372,
   "portfolio_pct": 0.2,
   "previous_pct": 0.23,
   "change": "REDUCE",
   "share_change_pct": -16.4,
   "quarters_held": 7
  },
  {
   "company": "Nutanix",
   "ticker": "NTNX",
   "moatshark_slug": "ntnx",
   "sector": "Technology",
   "value_usd": 27430800,
   "shares": 538281,
   "portfolio_pct": 0.2,
   "previous_pct": 0.17,
   "change": "REDUCE",
   "share_change_pct": -6.8,
   "quarters_held": 3
  },
  {
   "company": "Badger Meter",
   "ticker": "BMI",
   "moatshark_slug": "bmi",
   "sector": "Industrials",
   "value_usd": 25911154,
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   "portfolio_pct": 0.19,
   "previous_pct": 0.17,
   "change": "ADD",
   "share_change_pct": 22.6,
   "quarters_held": 2
  },
  {
   "company": "Clorox Company",
   "ticker": "CLX",
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   "sector": "Materials",
   "value_usd": 25894590,
   "shares": 271318,
   "portfolio_pct": 0.19,
   "previous_pct": 0.21,
   "change": "ADD",
   "share_change_pct": 5.5,
   "quarters_held": 11
  },
  {
   "company": "Rollins",
   "ticker": "ROL",
   "moatshark_slug": "rol",
   "sector": "Industrials",
   "value_usd": 25876087,
   "shares": 619935,
   "portfolio_pct": 0.19,
   "previous_pct": 0.26,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 22
  },
  {
   "company": "Manhattan Associates",
   "ticker": "MANH",
   "moatshark_slug": "manh",
   "sector": "Technology",
   "value_usd": 24087047,
   "shares": 172977,
   "portfolio_pct": 0.18,
   "previous_pct": 0.13,
   "change": "ADD",
   "share_change_pct": 43.1,
   "quarters_held": 5
  },
  {
   "company": "Napco Security Technologies",
   "ticker": "NSSC",
   "moatshark_slug": "nssc",
   "sector": "Technology",
   "value_usd": 23052873,
   "shares": 606974,
   "portfolio_pct": 0.17,
   "previous_pct": 0.12,
   "change": "ADD",
   "share_change_pct": 58.2,
   "quarters_held": 5
  },
  {
   "company": "Fair Isaac",
   "ticker": "FICO",
   "moatshark_slug": "fico",
   "sector": "Technology",
   "value_usd": 21449885,
   "shares": 17953,
   "portfolio_pct": 0.16,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Sabre",
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   "moatshark_slug": "sabr",
   "sector": "Technology",
   "value_usd": 18838806,
   "shares": 9013783,
   "portfolio_pct": 0.14,
   "previous_pct": 0.1,
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   "share_change_pct": 0,
   "quarters_held": 31
  },
  {
   "company": "Interdigital",
   "ticker": "IDCC",
   "moatshark_slug": "idcc",
   "sector": "Financials",
   "value_usd": 17079534,
   "shares": 60324,
   "portfolio_pct": 0.13,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "O'Reilly Automotive",
   "ticker": "ORLY",
   "moatshark_slug": "orly",
   "sector": "Consumer discretionary",
   "value_usd": 14982214,
   "shares": 162691,
   "portfolio_pct": 0.11,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Vertiv Holdings",
   "ticker": "VRT",
   "moatshark_slug": "vrt",
   "sector": "Technology",
   "value_usd": 14026614,
   "shares": 41893,
   "portfolio_pct": 0.1,
   "previous_pct": 0.18,
   "change": "REDUCE",
   "share_change_pct": -54.1,
   "quarters_held": 5
  },
  {
   "company": "Verisign",
   "ticker": "VRSN",
   "moatshark_slug": "vrsn",
   "sector": "Technology",
   "value_usd": 14015162,
   "shares": 55713,
   "portfolio_pct": 0.1,
   "previous_pct": 0.22,
   "change": "REDUCE",
   "share_change_pct": -50.9,
   "quarters_held": 31
  },
  {
   "company": "Adma Biologics",
   "ticker": "ADMA",
   "moatshark_slug": "adma",
   "sector": "Health care",
   "value_usd": 13806256,
   "shares": 1649493,
   "portfolio_pct": 0.1,
   "previous_pct": 0.12,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 3
  },
  {
   "company": "Doximity",
   "ticker": "DOCS",
   "moatshark_slug": "docs",
   "sector": "Technology",
   "value_usd": 13549940,
   "shares": 653324,
   "portfolio_pct": 0.1,
   "previous_pct": 0.13,
   "change": "REDUCE",
   "share_change_pct": -5.6,
   "quarters_held": 7
  },
  {
   "company": "Paycom Software",
   "ticker": "PAYC",
   "moatshark_slug": "payc",
   "sector": "Technology",
   "value_usd": 12663894,
   "shares": 100763,
   "portfolio_pct": 0.09,
   "previous_pct": 0.21,
   "change": "REDUCE",
   "share_change_pct": -54.1,
   "quarters_held": 31
  },
  {
   "company": "Mettler-Toledo International",
   "ticker": "MTD",
   "moatshark_slug": "mtd",
   "sector": "Technology",
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 5.59,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 17
  },
  {
   "company": "Zoetis",
   "ticker": "ZTS",
   "moatshark_slug": "zts",
   "sector": "Health care",
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 3.57,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 22
  },
  {
   "company": "Otis Worldwide",
   "ticker": "OTIS",
   "moatshark_slug": "otis",
   "sector": "Industrials",
   "value_usd": 0,
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   "portfolio_pct": 0,
   "previous_pct": 1.64,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 15
  },
  {
   "company": "Catalyst Pharmaceuticals",
   "ticker": "CPRX",
   "moatshark_slug": "cprx",
   "sector": null,
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 0.16,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 5
  },
  {
   "company": "Qualys",
   "ticker": "QLYS",
   "moatshark_slug": "qlys",
   "sector": "Technology",
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 0.15,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 24
  },
  {
   "company": "Home Depot",
   "ticker": "HD",
   "moatshark_slug": "hd",
   "sector": "Consumer discretionary",
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 0.07,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 21
  }
 ]
}