Fundsmith

Fundsmith is managed by Terry Smith, a well-regarded figure in the investment community known for his straightforward, long-term investment approach. Smith founded Fundsmith in 2010, and he emphasizes investing in high-quality, resilient global companies that can sustain a high return on operating capital. The fund's investment philosophy is centered around the principle of "buy good companies, don't overpay, do nothing," aiming to minimize trading and costs.

AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings — not the fund's actual assets under management.

• Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
• For PUT and CALL options, the reported Value is the notional value of the underlying shares — not the option premium paid. This significantly overstates the actual capital at risk.
• Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
• 13F filings cover institutional managers with ≥$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.

Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.

Portfolio Holdings

Top 1 positions

Quarter-on-Quarter Activity

Quarter Activity

During the quarter, Fundsmith did not make any changes to its portfolio. There were no new positions, exits, or adjustments in the holdings. This period marked a static phase in the fund's activity.

<p>As of the latest reporting period ending June 30, 2018, Fundsmith's portfolio is notably minimal with only one position, which is unspecified in the provided data. The total assets under management (AUM) and the value of the top holding are both reported as $0.00 billion and $0 million respectively, indicating either a transition phase or a lack of active investment. The exact details of the holding, including the sector and ticker, are not disclosed, making it challenging to determine the fund's sector concentration or specific investment focus based on the available information.</p> <p>The recent investment activity within Fundsmith shows no new positions, no closed positions, and no changes in existing holdings. This stagnation could suggest a period of evaluation or strategic pause for the fund. Without any movements in the portfolio, it's difficult to ascertain a clear directional thesis or macroeconomic outlook from the fund's current strategy. The lack of activity might signal a cautious approach in the current economic environment or potential restructuring of investment strategies.</p>