Terry Smith Portfolio
Terry Smith · Fundsmith LLP — SEC 13F/HR filings · Report date 2025-12-31
$17.12B13F reported value (previous quarter $17.12B)
37Equity holdings
100.0%Displayed equity weight (remaining: options/other)
WAT 7.9%, SYK 7.6%, IDXX 7.4%Top 3 holdings weight
About this page
Large institutional investment managers report qualifying US holdings quarterly through 13F filings with the SEC. We parse the original XML to display portfolio weights and quarterly position changes. Current prices and returns are indicative estimates.
| Security ▲▼ | Portfolio weight ▲▼ | Shares held ▲▼ | Reported value ▲▼ | Current price ▲▼ | Estimated cost basis ▲▼ | Estimated return ▲▼ | Latest quarter activity | |||||||||||||||||||||||||||||||||||||||||||||
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| WATWaters CorporationCommon stock | 7.90% | 3,557,978 | $1.35B | $434.09 | $336.44 | +29.0% | Reduced (2025Q4) -397,520 sharesHolding historyQuarterly holding historyCOM
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| SYKStryker CorporationCommon stock | 7.57% | 3,687,511 | $1.30B | $277.33 | $374.40 | -25.9% | Reduced (2025Q4) -903,782 sharesHolding historyQuarterly holding historyCOM
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| IDXXIDEXX Laboratories, Inc.Common stock | 7.42% | 1,876,035 | $1.27B | $560.36 | $426.17 | +31.5% | Reduced (2025Q4) -734,422 sharesHolding historyQuarterly holding historyCOM
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| VVisa Inc.A class shares | 7.24% | 3,534,684 | $1.24B | $385.45 | $314.62 | +22.5% | Reduced (2025Q4) -319,652 sharesHolding historyQuarterly holding historyCOM CL A
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| MARMarriott International, Inc.A class shares | 7.21% | 3,979,927 | $1.23B | $365.88 | $286.52 | +27.7% | Reduced (2025Q4) -248,371 sharesHolding historyQuarterly holding historyCL A
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| GOOGLAlphabet Class AA class shares | 6.40% | 3,498,519 | $1.10B | $351.66 | $186.65 | +88.4% | Reduced (2025Q4) -2,790,833 sharesHolding historyQuarterly holding historyCAP STK CL A
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| ADPAutomatic Data ProcessingCommon stock | 6.28% | 4,177,969 | $1.07B | $288.90 | $297.94 | -3.0% | Reduced (2025Q4) -133,634 sharesHolding historyQuarterly holding historyCOM
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| MSFTMicrosoft CorporationCommon stock | 5.88% | 2,079,971 | $1.01B | $535.07 | $424.23 | +26.1% | Reduced (2025Q4) -503,398 sharesHolding historyQuarterly holding historyCOM
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| PMPhilip Morris International Inc.Common stock | 5.74% | 6,124,597 | $0.98B | $200.60 | $126.26 | +58.9% | Reduced (2025Q4) -1,063,547 sharesHolding historyQuarterly holding historyCOM
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| METAMeta Platforms, Inc.A class shares | 5.26% | 1,363,539 | $0.90B | $718.67 | $609.67 | +17.9% | Reduced (2025Q4) -195,125 sharesHolding historyQuarterly holding historyCL A
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| MTDMettler-Toledo International Inc.Common stock | 4.73% | 580,507 | $0.81B | $1,622.29 | $1,250.06 | +29.8% | Held UnchangedHolding historyQuarterly holding historyCOM
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| ?PROCTER AND GAMBLE COCommon stock | 3.56% | 4,248,048 | $0.61B | — | Unavailable* | — | Reduced (2025Q4) -328,992 shares | |||||||||||||||||||||||||||||||||||||||||||||
| ?CHURCH AND DWIGHT CO INCCommon stock | 3.30% | 6,728,404 | $0.56B | — | Unavailable* | — | New | |||||||||||||||||||||||||||||||||||||||||||||
| FTNTFortinet, Inc.Common stock | 3.02% | 6,516,011 | $0.52B | $169.13 | $96.96 | +74.4% | Reduced (2025Q4) -1,904,081 sharesHolding historyQuarterly holding historyCOM
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| ZTSZoetis Inc.A class shares | 2.87% | 3,900,803 | $0.49B | $74.81 | $171.63 | -56.4% | Added (2025Q4) +285,672 sharesHolding historyQuarterly holding historyCL A
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| TXNTexas Instruments IncorporatedCommon stock | 2.66% | 2,623,552 | $0.46B | $283.74 | $191.39 | +48.3% | Reduced (2025Q4) -98,329 sharesHolding historyQuarterly holding historyCOM
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| INTUIntuit Inc.Common stock | 2.42% | 625,619 | $0.41B | $301.45 | $602.57 | -50.0% | Added (2025Q4) +21,163 sharesHolding historyQuarterly holding historyCOM
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| NKENIKE, Inc.B class shares | 2.15% | 5,770,181 | $0.37B | $37.13 | $77.50 | -52.1% | Reduced (2025Q4) -359,302 sharesHolding historyQuarterly holding historyCL B
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| OTISOtis Worldwide CorporationCommon stock | 1.59% | 3,112,380 | $0.27B | — | $96.97 | — | Reduced (2025Q4) -2,706,771 sharesHolding historyQuarterly holding historyCOM
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| MSCIMSCI Inc.Common stock | 0.56% | 166,619 | $0.10B | $570.48 | $563.61 | +1.2% | Held UnchangedHolding historyQuarterly holding historyCOM
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| ROLRollins, Inc.Common stock | 0.52% | 1,478,629 | $0.09B | $33.45 | $48.14 | -30.5% | Held UnchangedHolding historyQuarterly holding historyCOM
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| QLYSQualys, Inc.Common stock | 0.50% | 647,806 | $0.09B | $181.05 | $124.50 | +45.4% | Reduced (2025Q4) -223,053 sharesHolding historyQuarterly holding historyCOM
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| PAYCPaycom Software, Inc.Common stock | 0.49% | 523,433 | $0.08B | $251.64 | $166.88 | +50.8% | Held UnchangedHolding historyQuarterly holding historyCOM
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| ODDOddity Tech Ltd.Common stock | 0.49% | 2,074,167 | $0.08B | $22.43 | $35.77 | -37.3% | Added (2025Q4) +657,211 sharesHolding historyQuarterly holding historySHS CL A
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| ?CATALYST PHARMACEUTICALS INCCommon stock | 0.46% | 3,363,807 | $0.08B | — | Unavailable* | — | Held Unchanged | |||||||||||||||||||||||||||||||||||||||||||||
| NSSCNapco Security Technologies, Inc.Common stock | 0.43% | 1,779,857 | $0.07B | $35.33 | $28.61 | +23.5% | Held UnchangedHolding historyQuarterly holding historyCOM
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| DOCSDoximity, Inc.A class shares | 0.43% | 1,650,002 | $0.07B | $30.97 | $54.70 | -43.4% | Added (2025Q4) +294,058 sharesHolding historyQuarterly holding historyCL A
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| NTNXNutanix, Inc.A class shares | 0.42% | 1,377,158 | $0.07B | $72.88 | $49.37 | +47.6% | New | |||||||||||||||||||||||||||||||||||||||||||||
| VRTVertiv Holdings CoA class shares | 0.39% | 410,944 | $0.07B | $210.61 | $116.45 | +80.9% | Reduced (2025Q4) -180,506 shares | |||||||||||||||||||||||||||||||||||||||||||||
| VRSNVeriSign, Inc.Common stock | 0.38% | 270,634 | $0.07B | $282.07 | $183.34 | +53.9% | Held Unchanged | |||||||||||||||||||||||||||||||||||||||||||||
| CLXThe Clorox CompanyCommon stock | 0.36% | 613,497 | $0.06B | $84.45 | $165.01 | -48.8% | Held Unchanged | |||||||||||||||||||||||||||||||||||||||||||||
| MANHManhattan Associates, Inc.Common stock | 0.29% | 288,332 | $0.05B | $222.17 | $191.52 | +16.0% | Held Unchanged | |||||||||||||||||||||||||||||||||||||||||||||
| GGGGraco Inc.Common stock | 0.28% | 579,016 | $0.05B | $82.05 | $87.31 | -6.0% | Reduced (2025Q4) -321,529 shares | |||||||||||||||||||||||||||||||||||||||||||||
| MEDPMedpace Holdings, Inc.Common stock | 0.27% | 82,567 | $0.05B | $610.57 | $342.53 | +78.3% | Reduced (2025Q4) -44,970 shares | |||||||||||||||||||||||||||||||||||||||||||||
| ADMAADMA Biologics, Inc.Common stock | 0.22% | 2,102,054 | $0.04B | — | $19.50 | — | New | |||||||||||||||||||||||||||||||||||||||||||||
| SABRSabre CorporationCommon stock | 0.17% | 21,499,096 | $0.03B | $1.71 | $3.19 | -46.5% | Held Unchanged | |||||||||||||||||||||||||||||||||||||||||||||
| HDThe Home Depot, Inc.Common stock | 0.16% | 80,206 | $0.03B | $310.70 | $410.17 | -24.3% | Reduced (2025Q4) -4,654 shares |
Quarterly 13F history
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New 3 · Added 4 · Trimmed 20 · Exited 1
* Estimated cost basis: 13F filings do not disclose average purchase prices. For new positions since 2024 Q9, we estimate the cost basis using quarterly average prices. Positions with partial sales are marked unavailable. Returns based on these estimates are for reference only.
This page mechanically processes original 13F/HR filings on SEC EDGAR. Holdings are reported as of quarter-end and filings are submitted within 45 days, so actual holdings may differ. Coverage of options, derivatives, foreign equities and warrants may be limited. Do not rely on this page alone for investment decisions; verify the original filings at SEC EDGAR.