# Waters (WAT): value investors who own it | moatshark

7 value investors held Waters in their Q3 2026 13F, led by Fundsmith, AKO Capital, First Pacific Advisors (FPA), First Eagle Investment Management…

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Fundsmith | 6.3% | $853m | Trimmed -29% | 46 |
| AKO Capital | 1.8% | $76.3m | Trimmed -75% | 12 |
| First Pacific Advisors (FPA) | 1.2% | $101m | Added +0.3% | 2 |
| First Eagle Investment Management | 0.8% | $501m | Trimmed -15% | 2 |
| Jensen Investment Management | 0.3% | $14.5m | Trimmed -0.5% | 53 |
| Harris Associates (Oakmark) | 0.0% | $6.9m | Trimmed -94% | 2 |
| Mairs & Power | 0.0% | $360k | Added +0.1% | 2 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-08-06 | KUEBLER CHRISTOPHER A | Director | Sold | 3626 | $1.4m |

## Fund holders

| Fund | Manager | Weight | Value | As at |
| --- | --- | --- | --- | --- |
| Fundsmith Equity ETF | Fundsmith | 5.6% | $431k | 2026-06-30 |
| FPA Crescent Fund | First Pacific Advisors (FPA) | 0.5% | $59.9m | 2026-06-30 |
| First Eagle Global Fund | First Eagle Investment Management | 0.3% | $264m | 2026-07-31 |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/wat). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.