Clients
Fundsmith serves 5 clients. The average client has about $3.70 billion with the firm.
- Pooled investment vehicles5 clients100%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 5 | $18,508,143,977 | 100.0% | $3.70B |
| Total | 5 | $18,508,143,977 | 100% | $3.70B |
- Clients
- 5
- Regulatory AUM
- $18,508,143,977
- Share
- 100.0%
- Avg. per client
- $3.70B
Total
- Clients
- 5
- Regulatory AUM
- $18,508,143,977
- Share
- 100%
- Avg. per client
- $3.70B
What it does
Fundsmith provides portfolio management for pooled vehicles. It is paid through a percentage of assets.
Fundsmith advises 2 private funds.
100.0% of assets ($18.51B across 5 accounts) are managed with discretion. 60% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
Custodians
Fundsmith has custody of $608.4M for 2 clients.
- All other custodians$18.51B100%
Ownership and leadership
International Value Investments Limited owns 50% to 75% of Fundsmith, and Terence Smith is its CEO.
- Owns 50% to 75% of Fundsmith, LLP
International Value Investments Limited
Control person · since April 2010
- Owns 50% to 75% of International Value Investments Limited
Value Investments Limited
Control person · since July 2010
- Owns 75% or more of Value Investments Limited
Eighth Wonder
Control person · since July 2020
- Owns 75% or more of Eighth Wonder
Eighth Wonder Limited
Control person · since September 2017
- Owns 75% or more of Eighth Wonder Limited
The Eighth Wonder Foundation
Control person · since June 2022
- Owns 10% to 25% of Fundsmith, LLP
Terence Smith
Control person · since April 2010
- Owns 10% to 25% of Fundsmith, LLP
Nolelu II LLC
since August 2012
- Owns 75% or more of Nolelu II LLC
Julian Robins
Control person · since April 2014
- Owns 5% to 10% of Fundsmith, LLP
Mark Laurence
Control person · since April 2010
Leadership
- Terence SmithPartner and Chief Executive Officer
- Paul MainwaringChief Financial Officer and Partner
- Mark LaurencePartner and Chief Operating Officer
- Robert ParkerChief Compliance Officer
Staff
- 43 employees
- 5 in advisory functions
Reported holdings
Fundsmith’s reported 13F holdings total $13.65B across 41 positions, and the ten largest make up 52.5% of it.
- $13.65B
- Reported 13F value
- 41
- Positions
- 52.5%
- In the 10 largest
- +6.4%
- Value vs. prior quarter
- Marriott Intl Inc. New · CL A7.0%
- Stryker Corporation6.7%
- Waters Corp.6.2%
- Visa Inc. · Com CL A5.1%
- Uber Technologies Inc.4.7%
- Mastercard Incorporated · CL A4.7%
- Alphabet Inc. · Cap Stk CL A4.6%
- Church & Dwight CO Inc.4.6%
- Procter & Gamble CO4.4%
- Microsoft Corp.4.4%
Together, the ten largest are 52.5% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $13.65B is not its $18.51B in regulatory assets and does not represent any individual client's portfolio.
Fees
Fundsmith is paid through a percentage of assets under management.
Fundsmith’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Fundsmith has 0 offices, with 1 listed address with no US state reported.
Registration details
- Legal name
- Fundsmith, LLP
- Headquarters
- 33 Cavendish Square, London, United Kingdom W1G 0PW
- Phone
- 442035516337
- Website
- www.fundsmith.mu
- SEC file
- 801-79120
- Structure
- limited liability partnership organized in United Kingdom
- Fiscal year end
- March
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Fundsmith have?
Fundsmith has 5 clients and manages $18.5 billion for them, as of June 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 June 2026
What services does Fundsmith offer?
Fundsmith provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Fundsmith have?
Fundsmith has 0 investment adviser representatives registered with state securities authorities, out of 43 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Fundsmith?
Fundsmith is owned through a chain of holding companies by Julian Robins and The Eighth Wonder Foundation. Its direct owners are Terence Smith (10% to 25%), International Value Investments Limited (50% to 75%), Mark Laurence (5% to 10%) and Nolelu II LLC (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 June 2026
How does Fundsmith get paid?
Fundsmith is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file