Fundsmith, a London-based investment firm, released its 2025 investor letter for the Fundsmith Equity Fund focusing on global equities. The T Class Accumulation shares returned 0.8% in 2025, underperforming the MSCI World Index by 12%. Top five holdings are available in the letter for 2025.

In the Q4 2025 investor letter, Fundsmith Equity Fund highlighted Intuit Inc. (INTU), a financial management company. INTU shares had a one-month return of -1.18% and gained 5.49% over 52 weeks, closing at $646.90 per share on January 9, 2026, with a market cap of $180.097 billion.

Fundsmith Equity Fund discussed its position on Intuit Inc. (INTU) in the Q4 2025 investor letter, mentioning the sale and rebuying of shares due to the Mailchimp acquisition. The company paid a high price for Mailchimp, affecting its valuation and share performance. Management hopes to learn from the situation.

Intuit Inc. (INTU) was not among the 30 most popular stocks among hedge funds in 2024. 96 hedge fund portfolios held INTU at the end of Q3, down from 105 in the previous quarter. In Q1 of fiscal 2026, INTU reported revenue of $3.9 billion, showing an 18% year-over-year increase. Certain AI stocks may offer more upside potential and less downside risk compared to INTU.

Read more at Yahoo Finance: Here’s Why Fundsmith Equity Fund Reestablished Its Stake in Intuit (INTU)