---
name: Copy Fundsmith
kind: hedgecopy-fund
cik: 0001569205
latest_13f_period: 2026-06-30
latest_13f_filed: 2026-08-14
author: HedgeCopy
---

# Copy Fundsmith (13F follow-the-filing)

Fundsmith files a 13F-HR with the SEC each quarter (CIK 0001569205). This skill describes a
long-only copy portfolio built from that filing, bought the trading day after it is filed.

## Track record (estimated from 13F holdings, net of 10 bps per unit of turnover)
- Annualised return copying the filings, last 3 years (headline): +14.1% vs SPY +22.9% (alpha -8.8%/yr)
- Annualised since the series started (2022-08-19 to 2026-10-09): +9.8% vs SPY +17.3%
- Follow-the-filing TTM: +6.8% vs SPY +16.2% (alpha -9.4%)
- Quarters of history: 17; average coverage 99%; flags: none

## Latest disclosed top holdings (2026-06-30)
| # | Ticker | Issuer | Weight |
|---|---|---|---|
| 1 | MAR | MARRIOTT INTL INC NEW | 7.0% |
| 2 | SYK | STRYKER CORPORATION | 6.7% |
| 3 | WAT | WATERS CORP | 6.2% |
| 4 | V | VISA INC | 5.1% |
| 5 | UBER | UBER TECHNOLOGIES INC | 4.7% |
| 6 | MA | MASTERCARD INCORPORATED | 4.7% |
| 7 | GOOGL | ALPHABET INC | 4.6% |
| 8 | CHD | CHURCH & DWIGHT CO INC | 4.6% |
| 9 | PG | PROCTER & GAMBLE CO | 4.4% |
| 10 | MSFT | MICROSOFT CORP | 4.4% |
| 11 | META | META PLATFORMS INC | 4.3% |
| 12 | ADP | AUTOMATIC DATA PROCESSING IN | 4.3% |
| 13 | FTNT | FORTINET INC | 4.1% |
| 14 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 4.0% |
| 15 | IDXX | IDEXX LABS INC | 3.9% |
| 16 | TXN | TEXAS INSTRS INC | 3.9% |
| 17 | PM | PHILIP MORRIS INTL INC | 3.9% |
| 18 | NFLX | NETFLIX INC. | 3.7% |
| 19 | GEV | GE VERNOVA INC | 3.5% |
| 20 | APP | APPLOVIN CORP | 2.6% |

## About the fund

Fundsmith is a London-based investment management firm founded in 2010 by Terry Smith. The firm focuses on delivering superior long-term investment performance by investing in a concentrated portfolio of high-quality, resilient global companies.

- Strategy: Long-term, buy-and-hold, quality growth
- Type: Long-only
- Founders: Terry Smith
- Key people: Terry Smith (CEO and CIO); Mark Laurence (COO); Paul Mainwaring (CFO); Julian Robins (Head of Research)
- Founded 2010 · HQ London, UK
- Reported AUM: $36.0bn (as of December 2023)
- Website: https://www.fundsmith.co.uk

### Approach
Fundsmith employs a long-term, buy-and-hold strategy focused on high-quality, resilient global growth companies. The firm selects 20-30 stocks based on stringent criteria, including high returns on operating capital, defensible competitive advantages, and attractive valuations, while avoiding leverage, derivatives, and short-term trading. The investment process is bottom-up, combining prescriptive screens with deep fundamental analysis.

### History
Fundsmith was established in 2010 by Terry Smith to offer a different approach to investment management, focusing on high-quality companies and long-term performance. The firm is owned and controlled by its partners and is structured to ensure continuity. Over the years, it has expanded its product range to include various open-ended equity funds and investment trusts, such as the Smithson Investment Trust.

### Notable positions / campaigns
- Various equity holdings (2026): Meta Platforms, Waters, TSMC, Texas Instruments, and Procter & Gamble were noted as top contributors in a recent monthly report.

_Profile generated 2026-10-09 from public sources; may be incomplete or out of date._

## Rules
- Hold the top 20 long US-equity positions from the latest 13F-HR, weighted as reported.
- Rebalance on the first trading day after each new 13F-HR is filed. Cash only, paper only.

## Parameters
```json
{
  "params": {
    "funds": [
      "0001569205"
    ],
    "top_n": 20,
    "weighting": "13f",
    "rebalance": "filing_plus_1",
    "budget_usd": 10000,
    "stop_loss_pct": null,
    "cash_only": true
  }
}
```

> Estimated from 13F holdings (long US equities only; no shorts, options, cash or fees). Past performance is not a guide to the future. Not investment advice. Paper trading only.