Terry Smith portfolio
Updated November 15, 2026
Terry Smith (Fundsmith) — His motto: “buy good companies, don't overpay, do nothing.” Focuses on high returns on capital and steady growth.
According to the latest 13F report that Fundsmith filed with the SEC (Q2 2026, filed August 14, 2026), its US stock portfolio is worth about $13.6B across 41 holdings. The largest positions are Marriott International -CL AMAR, Stryker CorpSYK, Waters CorpWAT, and the top 10 make up 52% of the portfolio.
| # | Stock | Weight | Value | Change this quarter |
|---|---|---|---|---|
| 1 | Marriott International -CL AMAR | 7.0% | $958M | Trimmed +23% |
| 2 | Stryker CorpSYK | 6.7% | $917M | Trimmed +5% |
| 3 | Waters CorpWAT | 6.2% | $853M | Trimmed +29% |
| 4 | Visa Inc-class A SharesV | 5.1% | $693M | Trimmed +35% |
| 5 | Uber Technologies IncUBER | 4.7% | $645M | New buy |
| 6 | Mastercard Inc - AMA | 4.7% | $639M | New buy |
| 7 | Alphabet Inc-cl AGOOGL | 4.6% | $634M | Trimmed +40% |
| 8 | Church & Dwight Co IncCHD | 4.6% | $626M | Trimmed +3% |
| 9 | Procter & Gamble Co/thePG | 4.4% | $598M | Trimmed +3% |
| 10 | Microsoft CorpMSFT | 4.4% | $596M | Trimmed +23% |
| 11 | Meta Platforms Inc-class AMETA | 4.3% | $593M | Trimmed +20% |
| 12 | Automatic Data ProcessingADP | 4.3% | $583M | Trimmed +33% |
| 13 | Fortinet IncFTNT | 4.1% | $558M | Trimmed +41% |
| 14 | Taiwan Semiconductor-sp ADRTSM | 4.0% | $548M | New buy |
| 15 | Idexx Laboratories IncIDXX | 3.9% | $537M | Trimmed +30% |
| 16 | Texas Instruments IncTXN | 3.9% | $536M | Trimmed +31% |
| 17 | Philip Morris InternationalPM | 3.9% | $527M | Trimmed +43% |
| 18 | Netflix IncNFLX | 3.7% | $499M | New buy |
| 19 | GE Vernova IncGEV | 3.5% | $481M | New buy |
| 20 | Applovin Corp-class AAPP | 2.6% | $359M | New buy |
| 21 | TJX Companies IncTJX | 2.5% | $344M | New buy |
| 22 | Nextpower IncNXT | 2.5% | $340M | New buy |
| 23 | Veeva Systems Inc-class AVEEV | 1.1% | $145M | New buy |
| 24 | Yum! Brands IncYUM | 0.7% | $89M | New buy |
| 25 | Msci IncMSCI | 0.2% | $30M | Trimmed +17% |
| 26 | Medpace Holdings IncMEDP | 0.2% | $28M | Trimmed +16% |
| 27 | Nutanix Inc - ANTNX | 0.2% | $27M | Trimmed +7% |
| 28 | Badger Meter IncBMI | 0.2% | $26M | Added +23% |
| 29 | Clorox CompanyCLX | 0.2% | $26M | Added +5% |
| 30 | Rollins IncROL | 0.2% | $26M | — |
| 31 | Manhattan Associates IncMANH | 0.2% | $24M | Added +43% |
| 32 | Napco Security TechnologiesNSSC | 0.2% | $23M | Added +58% |
| 33 | Fair Isaac CorpFICO | 0.2% | $21M | New buy |
| 34 | Sabre CorpSABR | 0.1% | $19M | — |
| 35 | Interdigital IncIDCC | 0.1% | $17M | New buy |
| 36 | O'reilly Automotive IncORLY | 0.1% | $15M | New buy |
| 37 | Vertiv Holdings Co-aVRT | 0.1% | $14M | Trimmed +54% |
| 38 | Verisign IncVRSN | 0.1% | $14M | Trimmed +51% |
| 39 | Adma Biologics IncADMA | 0.1% | $14M | — |
| 40 | Doximity Inc-class ADOCS | 0.1% | $14M | Trimmed +6% |
Positions sold out
Mettler-toledo InternationalMTD, Zoetis IncZTS, Otis Worldwide CorpOTIS, Catalyst Pharmaceuticals Inc, Qualys IncQLYS, Home Depot IncHD
Frequently asked questions
What does Terry Smith own now?
According to the latest 13F (Q2 2026), the largest holdings are Marriott International -CL AMAR, Stryker CorpSYK, Waters CorpWAT. The full list is in the table above.
What is a 13F report?
US investment managers with more than $100 million in US stocks must list their holdings with the SEC within 45 days after each quarter ends.
Why is the data delayed?
Because 13F reports arrive up to 45 days after the quarter ends, the manager may have traded since then.
Should I copy this portfolio?
Knowing what great investors buy is a good source of ideas, but because of the delay and different goals, copying blindly is not recommended.
More lists and tools
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