Terry Smith Holdings Activity

Fundsmith Portfolio 13F

Fundsmith has disclosed a total of 38 changes to the portfolio in the latest (2026 Q1) SEC report(s): bought 1 totally new, decreased the number of shares of 33 and completely sold out 4 position(s).

What stocks is Terry Smith buying now?

In the recent quarter Terry Smith has bought (BMI) BADGER METER INC (new buy).

What does Terry Smith invest in?

Terry Smith's top 5 holdings (by % of portfolio) are (MAR) MARRIOTT INTERNATIONAL -CL A (8.59%), (SYK) STRYKER CORP (7.84%), (WAT) WATERS CORP (7.46%), (V) VISA INC-CLASS A SHARES (7.31%) and (GOOGL) ALPHABET INC-CL A (6.63%).

In the latest report(s) the following changes have been made to the top investments: (MAR) MARRIOTT INTERNATIONAL -CL A (reduced shares -15.3%), (SYK) STRYKER CORP (reduced shares -16.98%), (WAT) WATERS CORP (reduced shares -9.72%), (V) VISA INC-CLASS A SHARES (reduced shares -12.18%) and (GOOGL) ALPHABET INC-CL A (reduced shares -15.5%).

2025 Q3 (27 results)
NSSC
+86.39%
+824,945
+0.18%
$42.95
13.67% $37.08
0.39%
INTU
+64.01%
+235,916
+0.81%
$682.91
59.04% $279.71
2.09%
PAYC
+26.58%
+109,923
+0.12%
$208.14
39.65% $125.61
0.55%
ZTS
+25.32%
+730,300
+0.54%
$146.32
45.98% $79.04
2.67%
CPRX
+24.17%
+654,721
+0.07%
$19.70
59.29% $31.38
0.33%
QLYS
+21.19%
+152,257
+0.10%
$132.33
14.07% $113.71
0.58%
WAT
+9.62%
+347,091
+0.53%
$299.81
20.44% $361.08
5.99%
HD
+1.79%
+1,493
+0.00%
$405.19
16.36% $338.90
0.17%
MTD
+0.10%
+617
+0.00%
$1,227.61
6.77% $1,144.54
3.66%
PG
+0.10%
+4,760
+0.00%
$153.65
0.77% $152.46
3.55%
TXN
+0.06%
+1,591
+0.00%
$183.73
66.31% $305.57
2.53%
FTNT
+0.02%
+1,730
+0.00%
$84.08
74.31% $146.56
3.58%
V
+0.01%
+265
+0.00%
$341.38
2.07% $334.32
6.65%
MAR
-0.20%
-8,301
-0.01%
$260.44
53.43% $399.60
5.56%
CHD
-0.43%
-29,645
-0.01%
$87.63
12.20% $98.32
3.01%
IDXX
-1.09%
-28,832
-0.09%
$638.89
10.78% $570.00
8.43%
ADP
-1.16%
-50,496
-0.07%
$293.50
24.60% $221.31
6.39%
SYK
-1.83%
-85,714
-0.16%
$369.67
17.27% $305.83
8.57%
GOOGL
-7.56%
-514,102
-0.63%
$243.10
49.79% $364.13
7.72%
VRT
-18.41%
-133,473
-0.10%
$150.86
106.58% $311.65
0.45%
PM
-20.78%
-1,886,051
-1.55%
$162.20
11.66% $181.11
5.89%
MSFT
-47.72%
-2,358,140
-6.17%
$517.95
25.60% $385.34
6.76%
META
-56.32%
-2,010,088
-7.46%
$734.38
20.61% $583.01
5.78%
VRSK
-100.00%
-176,195
-0.28%
$311.50
42.10% $180.35
0.00%
CHH
-100.00%
-733,892
-0.47%
$126.88
8.29% $116.36
0.00%
EXPO
-100.00%
-746,820
-0.28%
$74.71
23.49% $57.16
0.00%
MA
-100.00%
-27,663
-0.08%
$561.94
10.96% $500.37
0.00%
27 of 1,363

Shares, change to shares, sold shares - split-adjusted.

Reported price - this doesn't represent the actual buy or sell price.
It is the split-adjusted price of the security as of the last day of the reported period.

Value or Price - If the security is completely sold out, we show the reported value (or price) prior to the actual period.