Terry Smith portfolio
Every US-listed position Fundsmith LLP reported in its 13F for Q2 2026, the quarter ended 2026-06-30, filed with the SEC on 2026-08-14. 41 positions at the quarter end, after opening 13 and exiting 6 during it.
Holdings at Q2 2026
| Ticker | Company | Allocation | Value | Shares | Change |
|---|---|---|---|---|---|
| MAR | Marriott International Inc | 7.02% | $958.26M | 2,585,757 | Trimmed |
| SYK | Stryker Corp | 6.72% | $917.39M | 2,913,833 | Trimmed |
| WAT | Waters Corp | 6.25% | $852.70M | 2,273,632 | Trimmed |
| V | Visa Inc. | 5.08% | $692.98M | 2,019,810 | Trimmed |
| UBER | Uber Technologies, Inc | 4.73% | $645.34M | 8,943,151 | New |
| MA | Mastercard Inc | 4.69% | $639.46M | 1,245,051 | New |
| GOOGL | Alphabet Inc. | 4.64% | $633.74M | 1,773,354 | Trimmed |
| CHD | Church & Dwight Co Inc | 4.58% | $625.52M | 6,456,634 | Trimmed |
| PG | Procter & Gamble Co | 4.38% | $598.05M | 4,078,371 | Trimmed |
| MSFT | Microsoft Corp | 4.36% | $595.61M | 1,596,737 | Trimmed |
| META | Meta Platforms, Inc. | 4.34% | $592.51M | 1,051,876 | Trimmed |
| ADP | Automatic Data Processing Inc | 4.27% | $582.62M | 2,601,567 | Trimmed |
| FTNT | Fortinet, Inc. | 4.09% | $557.63M | 3,629,938 | Trimmed |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | 4.02% | $548.46M | 1,148,449 | New |
| IDXX | IDEXX Laboratories Inc | 3.93% | $536.91M | 1,019,887 | Trimmed |
| TXN | Texas Instruments Inc | 3.93% | $536.28M | 1,799,182 | Trimmed |
| PM | Philip Morris International Inc. | 3.86% | $527.12M | 2,913,693 | Trimmed |
| NFLX | Netflix Inc | 3.66% | $499.11M | 6,990,345 | New |
| GEV | GE Vernova Inc. | 3.53% | $481.50M | 409,835 | New |
| APP | AppLovin Corp | 2.63% | $358.89M | 696,568 | New |
| TJX | TJX Companies Inc | 2.52% | $344.30M | 2,272,592 | New |
| NXT | Nextpower Inc. | 2.49% | $340.27M | 2,856,092 | New |
| VEEV | Veeva Systems Inc | 1.06% | $144.95M | 816,785 | New |
| YUM | Yum Brands Inc | 0.65% | $88.90M | 556,107 | New |
| MSCI | MSCI Inc. | 0.22% | $30.01M | 53,580 | Trimmed |
| MEDP | Medpace Holdings, Inc. | 0.20% | $27.74M | 52,372 | Trimmed |
| NTNX | Nutanix, Inc. | 0.20% | $27.43M | 538,281 | Trimmed |
| BMI | Badger Meter Inc | 0.19% | $25.91M | 174,627 | Added |
| CLX | Clorox Co | 0.19% | $25.89M | 271,318 | Added |
| ROL | Rollins Inc | 0.19% | $25.88M | 619,935 | - |
| MANH | Manhattan Associates Inc | 0.18% | $24.09M | 172,977 | Added |
| NSSC | NAPCO Security Technologies, Inc | 0.17% | $23.05M | 606,974 | Added |
| FICO | Fair Isaac Corp | 0.16% | $21.45M | 17,953 | New |
| SABR | Sabre Corp | 0.14% | $18.84M | 9,013,783 | - |
| IDCC | InterDigital, Inc. | 0.13% | $17.08M | 60,324 | New |
| ORLY | O'Reilly Automotive Inc | 0.11% | $14.98M | 162,691 | New |
| VRT | Vertiv Holdings Co | 0.10% | $14.03M | 41,893 | Trimmed |
| VRSN | Verisign Inc | 0.10% | $14.02M | 55,713 | Trimmed |
| ADMA | ADMA Biologics, Inc. | 0.10% | $13.81M | 1,649,493 | - |
| DOCS | Doximity, Inc. | 0.10% | $13.55M | 653,324 | Trimmed |
| PAYC | Paycom Software, Inc. | 0.09% | $12.66M | 100,763 | Trimmed |
What changed in Q2 2026
| Action | Ticker | Company | Share change | Value |
|---|---|---|---|---|
| Trimmed | MAR | Marriott International Inc | -785,115 | $958.26M |
| Trimmed | SYK | Stryker Corp | -147,583 | $917.39M |
| Trimmed | WAT | Waters Corp | -938,443 | $852.70M |
| Trimmed | V | Visa Inc. | -1,084,280 | $692.98M |
| New | UBER | Uber Technologies, Inc | +8,943,151 | $645.34M |
| New | MA | Mastercard Inc | +1,245,051 | $639.46M |
| Trimmed | GOOGL | Alphabet Inc. | -1,182,844 | $633.74M |
| Trimmed | CHD | Church & Dwight Co Inc | -184,874 | $625.52M |
| Trimmed | PG | Procter & Gamble Co | -121,543 | $598.05M |
| Trimmed | MSFT | Microsoft Corp | -483,000 | $595.61M |
| Trimmed | META | Meta Platforms, Inc. | -269,499 | $592.51M |
| Trimmed | ADP | Automatic Data Processing Inc | -1,253,538 | $582.62M |
| Trimmed | FTNT | Fortinet, Inc. | -2,526,737 | $557.63M |
| New | TSM | Taiwan Semiconductor Manufacturing Co Ltd | +1,148,449 | $548.46M |
| Trimmed | IDXX | IDEXX Laboratories Inc | -445,899 | $536.91M |
| Trimmed | TXN | Texas Instruments Inc | -823,942 | $536.28M |
| Trimmed | PM | Philip Morris International Inc. | -2,199,470 | $527.12M |
| New | NFLX | Netflix Inc | +6,990,345 | $499.11M |
| New | GEV | GE Vernova Inc. | +409,835 | $481.50M |
| New | APP | AppLovin Corp | +696,568 | $358.89M |
| New | TJX | TJX Companies Inc | +2,272,592 | $344.30M |
| New | NXT | Nextpower Inc. | +2,856,092 | $340.27M |
| New | VEEV | Veeva Systems Inc | +816,785 | $144.95M |
| New | YUM | Yum Brands Inc | +556,107 | $88.90M |
| Trimmed | MSCI | MSCI Inc. | -11,208 | $30.01M |
The 25 largest changes by value. The full quarter, filterable by action, loads below.
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