13F

Terry Smith

Fundsmith

47 Holdings • Total Value: $13.6B

Portfolio Allocation
Current portfolio weight
13F Holdings Changes
Position changes versus the prior reported quarter
14.08.2026 · Q2 202638
TimeTickerCurrent PriceActionEst. Buy PriceValue
Unlisted holding
—REDUCED—
$951.7M
3,003,695 sh
MTD
—CLOSED—
$717.0M
568,516 sh · -100.0%
UBER
$71.51NEW BUY
Est. Range
$67.19 - $80.83
$645.3M
8,943,151 sh · +100.0%
MA
$589.14NEW BUY
Est. Range
$464.52 - $534.21
$639.5M
1,245,051 sh · +100.0%
TSM
$453.31NEW BUY
Est. Range
$326.80 - $479.00
$548.5M
1,148,449 sh · +100.0%
NFLX
$70.30NEW BUY
Est. Range
$70.86 - $108.95
$499.1M
6,990,345 sh · +100.0%
GEV
$1004.73NEW BUY
Est. Range
$856.01 - $1181.95
$481.5M
409,835 sh · +100.0%
ZTS
$74.81CLOSED—
$458.4M
3,877,559 sh · -100.0%
PM
$201.19REDUCED
Est. Range
$151.63 - $193.05
$363.7M
2,199,470 sh · -43.0%
Unlisted holding
—NEW BUY—
$359.3M
2,435,283 sh · +100.0%
APP
$277.04NEW BUY
Est. Range
$364.64 - $622.00
$358.9M
696,568 sh · +100.0%
NXT
$86.11NEW BUY
Est. Range
$103.73 - $163.13
$340.3M
2,856,092 sh · +100.0%
GOOGL
$351.66REDUCED
Est. Range
$289.45 - $408.61
$340.1M
1,182,844 sh · -40.0%
V
$385.45REDUCED
Est. Range
$293.89 - $345.81
$327.7M
1,084,280 sh · -34.9%
ADP
—REDUCED
Est. Range
$188.16 - $237.11
$254.7M
1,253,538 sh · -32.5%
OTIS
$65.95CLOSED—
$210.6M
2,731,635 sh · -100.0%
FTNT
$194.75REDUCED
Est. Range
$76.01 - $159.07
$206.5M
2,526,737 sh · -41.0%
MSFT
$535.07REDUCED
Est. Range
$349.20 - $466.32
$178.8M
483,000 sh · -23.2%
META
$718.67REDUCED
Est. Range
$540.18 - $691.52
$154.2M
269,499 sh · -20.4%
VEEV
$296.13NEW BUY
Est. Range
$148.05 - $191.97
$145.0M
816,785 sh · +100.0%
YUM
$144.82NEW BUY
Est. Range
$145.44 - $164.16
$88.9M
556,107 sh · +100.0%
SYK
$277.33REDUCED
Est. Range
$281.00 - $352.80
$48.5M
147,583 sh · -4.8%
FICO
—NEW BUY
Est. Range
$870.01 - $1323.35
$21.4M
17,953 sh · +100.0%
Unlisted holding
—CLOSED—
$20.9M
844,887 sh · -100.0%
QLYS
—CLOSED—
$19.9M
226,077 sh · -100.0%
PG
$151.23REDUCED
Est. Range
$138.86 - $153.35
$17.6M
121,543 sh · -2.9%
CHD
$98.11REDUCED
Est. Range
$90.05 - $100.62
$17.3M
184,874 sh · -2.8%
IDCC
—NEW BUY
Est. Range
$249.14 - $387.30
$17.1M
60,324 sh · +100.0%
PAYC
—REDUCED
Est. Range
$110.49 - $151.38
$14.4M
118,694 sh · -54.1%
VRSN
—REDUCED
Est. Range
$244.74 - $312.48
$14.3M
57,754 sh · -50.9%
VRT
—REDUCED
Est. Range
$247.91 - $379.93
$12.4M
49,361 sh · -54.1%
Unlisted holding
—INCREASED—
$9.8M
237,479 sh
HD
$290.74CLOSED—
$9.4M
28,611 sh · -100.0%
MANH
—INCREASED
Est. Range
$119.06 - $162.77
$7.3M
52,089 sh · +43.1%
MSCI
$565.12REDUCED
Est. Range
$525.58 - $644.68
$6.0M
11,208 sh · -17.3%
BMI
—INCREASED
Est. Range
$112.09 - $162.44
$4.8M
32,136 sh · +22.6%
NTNX
$74.63REDUCED
Est. Range
$34.01 - $56.02
$1.5M
39,111 sh · -6.8%
DOCS
—REDUCED
Est. Range
$17.15 - $26.69
$896.2K
38,462 sh · -5.6%
15.05.2026 · Q1 202631
TimeTickerCurrent PriceActionEst. Buy PriceValue
Unlisted holding
—REDUCED—
$762.1M
5,656,995 sh
INTU
—CLOSED—
$414.4M
625,619 sh · -100.0%
NKE
—CLOSED—
$367.6M
5,770,181 sh · -100.0%
SYK
$277.33REDUCED
Est. Range
$319.32 - $389.33
$220.1M
626,095 sh · -17.7%
GOOGL
$351.66REDUCED
Est. Range
$272.11 - $349.00
$169.7M
542,321 sh · -23.4%
PM
$201.19REDUCED
Est. Range
$153.71 - $191.30
$162.2M
1,011,434 sh · -25.8%
V
$385.45REDUCED
Est. Range
$294.32 - $358.62
$151.0M
430,594 sh · -17.6%
ODD
—CLOSED—
$83.3M
2,074,167 sh · -100.0%
ADP
—REDUCED
Est. Range
$198.59 - $268.08
$83.1M
322,864 sh · -11.0%
MSCI
$565.12REDUCED
Est. Range
$501.08 - $626.28
$58.4M
101,831 sh · -65.5%
QLYS
—REDUCED
Est. Range
$82.06 - $137.49
$56.0M
421,729 sh
VRT
—REDUCED
Est. Range
$158.77 - $282.05
$51.8M
319,690 sh · -88.4%
ROL
$31.98REDUCED
Est. Range
$52.32 - $66.14
$51.5M
858,694 sh · -58.1%
PAYC
—REDUCED
Est. Range
$104.90 - $159.85
$48.4M
303,976 sh · -75.1%
GGG
—CLOSED—
$47.5M
579,016 sh · -100.0%
DOCS
—REDUCED
Est. Range
$21.82 - $46.75
$42.4M
958,216 sh · -59.5%
NTNX
$74.63REDUCED
Est. Range
$35.39 - $54.15
$41.3M
799,766 sh · -59.8%
VRSN
—REDUCED
Est. Range
$208.86 - $255.64
$38.2M
157,167 sh · -73.8%
OTIS
$65.95REDUCED
Est. Range
$75.27 - $94.57
$33.3M
380,745 sh
MANH
—REDUCED
Est. Range
$126.00 - $179.94
$29.0M
167,444 sh · -49.2%
FTNT
$194.75REDUCED
Est. Range
$73.55 - $88.60
$28.5M
359,336 sh · -9.0%
META
$718.67REDUCED
Est. Range
$520.26 - $744.00
$27.8M
42,164 sh · -3.9%
BMI
—NEW BUY
Est. Range
$139.14 - $182.23
$21.7M
142,491 sh · +100.0%
HD
$290.74REDUCED
Est. Range
$320.26 - $397.63
$17.8M
51,595 sh
SABR
$1.90REDUCED
Est. Range
$0.81 - $2.00
$17.0M
12,485,312 sh · -58.1%
MTD
—REDUCED
Est. Range
$1162.77 - $1514.42
$16.7M
11,991 sh
ADMA
$10.36REDUCED
Est. Range
$7.21 - $18.95
$8.3M
452,561 sh · -21.5%
CHD
$98.11REDUCED
Est. Range
$81.57 - $106.04
$7.3M
86,896 sh · -1.3%
PG
$151.23REDUCED
Est. Range
$137.62 - $167.25
$6.9M
48,134 sh · -1.2%
ZTS
$74.81REDUCED
Est. Range
$113.29 - $132.49
$2.9M
23,244 sh
MSFT
$535.07REDUCED
Est. Range
$356.28 - $489.70
$113.2K
234 sh · -0.0%
17.02.2026 · Q4 202524
TimeTickerCurrent PriceActionEst. Buy PriceValue
Unlisted holding
—REDUCED—
$694.3M
1,523,612 sh
GOOGL
$351.66REDUCED
Est. Range
$235.84 - $328.83
$678.5M
2,790,833 sh · -61.1%
SYK
$277.33REDUCED
Est. Range
$347.26 - $392.55
$334.1M
903,782 sh · -23.7%
MSFT
$535.07REDUCED
Est. Range
$464.89 - $553.72
$260.7M
503,398 sh · -24.0%
OTIS
$65.95REDUCED
Est. Range
$85.82 - $94.06
$247.5M
2,706,771 sh
PM
$201.19REDUCED
Est. Range
$142.11 - $164.06
$172.5M
1,063,547 sh · -26.7%
FTNT
$194.75REDUCED
Est. Range
$75.31 - $87.66
$160.1M
1,904,081 sh · -34.4%
META
$718.67REDUCED
Est. Range
$581.25 - $759.16
$143.3M
195,125 sh · -15.6%
V
$385.45REDUCED
Est. Range
$318.00 - $356.73
$109.1M
319,652 sh · -13.7%
NTNX
$74.63NEW BUY
Est. Range
$46.12 - $77.90
$71.2M
1,377,158 sh · +100.0%
PG
$151.23REDUCED
Est. Range
$138.14 - $157.40
$50.5M
328,992 sh · -7.5%
ADP
—REDUCED
Est. Range
$247.18 - $293.64
$39.2M
133,634 sh · -4.9%
ADMA
$10.36NEW BUY
Est. Range
$13.76 - $20.46
$38.3M
2,102,054 sh · +100.0%
ZTS
$74.81INCREASED
Est. Range
$115.25 - $148.79
$35.9M
285,672 sh
QLYS
—REDUCED
Est. Range
$121.01 - $155.47
$29.5M
223,053 sh
GGG
—REDUCED
Est. Range
$78.87 - $85.44
$27.3M
321,529 sh
VRT
—REDUCED
Est. Range
$147.35 - $202.45
$27.2M
180,506 sh · -81.2%
ODD
—INCREASED
Est. Range
$35.76 - $62.30
$26.4M
657,211 sh
NKE
—REDUCED
Est. Range
$56.99 - $76.97
$25.1M
359,302 sh
INTU
—INCREASED
Est. Range
$619.82 - $689.17
$14.0M
21,163 sh
DOCS
—INCREASED
Est. Range
$43.25 - $74.33
$13.0M
294,058 sh · +81.8%
MTD
—REDUCED
Est. Range
$1227.73 - $1525.17
$12.5M
10,147 sh
CHD
$98.11REDUCED
Est. Range
$81.33 - $90.64
$5.8M
66,240 sh · -1.0%
HD
$290.74REDUCED
Est. Range
$331.37 - $405.13
$1.9M
4,654 sh
14.11.2025 · Q3 202528
TimeTickerCurrent PriceActionEst. Buy PriceValue
Unlisted holding
—NEW BUY—
$4.7B
19,400,832 sh · +100.0%
SYK
$277.33NEW BUY
Est. Range
$362.00 - $404.87
$1.7B
4,591,293 sh · +100.0%
GOOGL
$351.66NEW BUY
Est. Range
$172.77 - $256.00
$1.5B
6,289,352 sh · +100.0%
MSFT
$535.07NEW BUY
Est. Range
$488.70 - $555.45
$1.3B
2,583,369 sh · +100.0%
V
$385.45NEW BUY
Est. Range
$328.70 - $359.66
$1.3B
3,854,336 sh · +100.0%
ADP
—NEW BUY
Est. Range
$282.27 - $315.98
$1.3B
4,311,603 sh · +100.0%
PM
$201.19NEW BUY
Est. Range
$155.70 - $183.99
$1.2B
7,188,144 sh · +100.0%
META
$718.67NEW BUY
Est. Range
$691.20 - $796.25
$1.1B
1,558,664 sh · +100.0%
MTD
—NEW BUY
Est. Range
$1135.53 - $1340.86
$725.1M
590,654 sh · +100.0%
FTNT
$194.75NEW BUY
Est. Range
$70.12 - $108.77
$708.0M
8,420,092 sh · +100.0%
PG
$151.23NEW BUY
Est. Range
$149.91 - $162.53
$703.3M
4,577,040 sh · +100.0%
CHD
$98.11NEW BUY
Est. Range
$85.08 - $99.86
$595.4M
6,794,644 sh · +100.0%
OTIS
$65.95NEW BUY
Est. Range
$84.25 - $101.42
$532.0M
5,819,151 sh · +100.0%
ZTS
$74.81NEW BUY
Est. Range
$139.34 - $161.77
$529.0M
3,615,131 sh · +100.0%
NKE
—NEW BUY
Est. Range
$68.03 - $80.17
$427.4M
6,129,483 sh · +100.0%
INTU
—NEW BUY
Est. Range
$640.26 - $813.70
$412.8M
604,456 sh · +100.0%
QLYS
—NEW BUY
Est. Range
$124.10 - $151.10
$115.2M
870,859 sh · +100.0%
PAYC
—NEW BUY
Est. Range
$207.18 - $248.95
$108.9M
523,433 sh · +100.0%
DOCS
—NEW BUY
Est. Range
$56.33 - $76.51
$99.2M
1,355,944 sh · +100.0%
MSCI
$565.12NEW BUY
Est. Range
$525.00 - $593.27
$94.5M
166,619 sh · +100.0%
VRT
—NEW BUY
Est. Range
$110.06 - $153.50
$89.2M
591,450 sh · +100.0%
ODD
—NEW BUY
Est. Range
$56.14 - $77.83
$88.3M
1,416,956 sh · +100.0%
ROL
$31.98NEW BUY
Est. Range
$54.65 - $59.12
$86.9M
1,478,629 sh · +100.0%
GGG
—NEW BUY
Est. Range
$81.57 - $89.67
$76.5M
900,545 sh · +100.0%
VRSN
—NEW BUY
Est. Range
$261.23 - $310.60
$75.7M
270,634 sh · +100.0%
MANH
—NEW BUY
Est. Range
$192.99 - $247.22
$59.1M
288,332 sh · +100.0%
SABR
$1.90NEW BUY
Est. Range
$1.69 - $3.52
$39.3M
21,499,095 sh · +100.0%
HD
$290.74NEW BUY
Est. Range
$352.46 - $426.75
$34.4M
84,860 sh · +100.0%
Full Holdings
TickerWeightActionPosition Change %ValueDiv. YieldCurrent Price
MARRIOTT INTL INC NEW
7.0%REDUCED-23.3%$958.3M-—
SYK
STRYKER CORPORATION
6.7%REDUCED-4.8%$917.4M-—
WATERS CORP
6.2%REDUCED-29.2%$852.7M-—
V
VISA INC
5.1%REDUCED-34.9%$693.0M0.70%$385.45
UBER
UBER TECHNOLOGIES INC
4.7%NEW BUY+100.0%$645.3M-$71.51
MA
MASTERCARD INCORPORATED
4.7%NEW BUY+100.0%$639.5M0.72%$589.14
GOOGL
ALPHABET INC
4.6%REDUCED-40.0%$633.7M0.24%$351.66
CHD
CHURCH & DWIGHT CO INC
4.6%REDUCED-2.8%$625.5M-—
PG
PROCTER & GAMBLE CO
4.4%REDUCED-2.9%$598.1M2.84%$151.23
MSFT
MICROSOFT CORP
4.4%REDUCED-23.2%$595.6M0.68%$535.07
META
META PLATFORMS INC
4.3%REDUCED-20.4%$592.5M0.29%$718.67
ADP
AUTOMATIC DATA PROCESSING IN
4.3%REDUCED-32.5%$582.6M-—
FTNT
FORTINET INC
4.1%REDUCED-41.0%$557.6M-—
TSM
TAIWAN SEMICONDUCTOR MANUFAC
4.0%NEW BUY+100.0%$548.5M0.85%$453.31
IDEXX LABS INC
3.9%REDUCED-30.4%$536.9M-—
TEXAS INSTRS INC
3.9%REDUCED-31.4%$536.3M-—
PM
PHILIP MORRIS INTL INC
3.9%REDUCED-43.0%$527.1M2.99%$201.19
NFLX
NETFLIX INC.
3.7%NEW BUY+100.0%$499.1M-—
GEV
GE VERNOVA INC
3.5%NEW BUY+100.0%$481.5M0.17%$1004.73
APP
APPLOVIN CORP
2.6%NEW BUY+100.0%$358.9M-$277.04
TJX COS INC NEW
2.5%NEW BUY+100.0%$344.3M-—
NXT
NEXTPOWER INC
2.5%NEW BUY+100.0%$340.3M-—
VEEV
VEEVA SYS INC
1.1%NEW BUY+100.0%$145.0M-—
YUM
YUM BRANDS INC
0.7%NEW BUY+100.0%$88.9M-—
MSCI
MSCI INC
0.2%REDUCED-17.3%$30.0M1.41%$565.12
MEDPACE HLDGS INC
0.2%REDUCED-16.4%$27.7M-—
NTNX
NUTANIX INC
0.2%REDUCED-6.8%$27.4M-—
BMI
BADGER METER INC
0.2%INCREASED+22.6%$25.9M1.25%$131.38
CLOROX CO DEL
0.2%INCREASED+5.5%$25.9M-—
ROL
ROLLINS INC
0.2%HOLD0.0%$25.9M2.29%$31.98
MANH
MANHATTAN ASSOCIATES INC
0.2%INCREASED+43.1%$24.1M-—
NAPCO SEC TECHNOLOGIES INC
0.2%INCREASED+58.2%$23.1M-—
FICO
FAIR ISAAC CORP
0.2%NEW BUY+100.0%$21.4M-$667.58
SABR
SABRE CORP
0.1%HOLD0.0%$18.8M-—
IDCC
INTERDIGITAL INC
0.1%NEW BUY+100.0%$17.1M-—
OREILLY AUTOMOTIVE INC
0.1%NEW BUY+100.0%$15.0M-—
VRT
VERTIV HOLDINGS CO
0.1%REDUCED-54.1%$14.0M-—
VRSN
VERISIGN INC
0.1%REDUCED-50.9%$14.0M-—
ADMA
ADMA BIOLOGICS INC
0.1%HOLD0.0%$13.8M-$10.36
DOCS
DOXIMITY INC
0.1%REDUCED-5.6%$13.5M-$30.50
PAYC
PAYCOM SOFTWARE INC
0.1%REDUCED-54.1%$12.7M0.65%$232.22
CATALYST PHARMACEUTICALS INC
0.0%CLOSED-100.0%$0-—
HD
HOME DEPOT INC
0.0%CLOSED-100.0%$03.20%$290.74
MTD
METTLER TOLEDO INTERNATIONAL
0.0%CLOSED-100.0%$0-—
OTIS
OTIS WORLDWIDE CORP
0.0%CLOSED-100.0%$02.61%$65.95
QLYS
QUALYS INC
0.0%CLOSED-100.0%$0-—
ZTS
ZOETIS INC
0.0%CLOSED-100.0%$02.79%$74.81

This page is for educational and informational purposes only. Data is sourced from public SEC records and is not financial, investment, tax, or legal advice.