Terry Smith's portfolio
Terry Smith's Fundsmith portfolio: $13.6B across 41 stocks as of Q2 2026. Top holdings MAR, SYK, WAT, V, UBER. Latest buys and sells from the 13F filed Aug 14, 2026.
Top holdings
| Stock | % of portfolio | Value | Shares | Change |
|---|---|---|---|---|
| MAR MARRIOTT INTL INC NEW | 7.0% | $958.3M | 2.6M | Trimmed |
| SYK STRYKER CORPORATION | 6.7% | $917.4M | 2.9M | Trimmed |
| WAT WATERS CORP | 6.2% | $852.7M | 2.3M | Trimmed |
| V VISA INC | 5.1% | $693.0M | 2.0M | Trimmed |
| UBER UBER TECHNOLOGIES INC | 4.7% | $645.3M | 8.9M | New |
| MA MASTERCARD INCORPORATED | 4.7% | $639.5M | 1.2M | New |
| GOOGL ALPHABET INC | 4.6% | $633.7M | 1.8M | Trimmed |
| CHD CHURCH & DWIGHT CO INC | 4.6% | $625.5M | 6.5M | Trimmed |
| PG PROCTER & GAMBLE CO | 4.4% | $598.1M | 4.1M | Trimmed |
| MSFT MICROSOFT CORP | 4.4% | $595.6M | 1.6M | Trimmed |
| META META PLATFORMS INC | 4.3% | $592.5M | 1.1M | Trimmed |
| ADP AUTOMATIC DATA PROCESSING IN | 4.3% | $582.6M | 2.6M | Trimmed |
| FTNT FORTINET INC | 4.1% | $557.6M | 3.6M | Trimmed |
| TSM TAIWAN SEMICONDUCTOR MANUFAC | 4.0% | $548.5M | 1.1M | New |
| IDXX IDEXX LABS INC | 3.9% | $536.9M | 1.0M | Trimmed |
| TXN TEXAS INSTRS INC | 3.9% | $536.3M | 1.8M | Trimmed |
| PM PHILIP MORRIS INTL INC | 3.9% | $527.1M | 2.9M | Trimmed |
| NFLX NETFLIX INC. | 3.7% | $499.1M | 7.0M | New |
| GEV GE VERNOVA INC | 3.5% | $481.5M | 409,835 | New |
| APP APPLOVIN CORP | 2.6% | $358.9M | 696,568 | New |
| TJX TJX COS INC NEW | 2.5% | $344.3M | 2.3M | New |
| NXT NEXTPOWER INC | 2.5% | $340.3M | 2.9M | New |
| VEEV VEEVA SYS INC | 1.1% | $145.0M | 816,785 | New |
| YUM YUM BRANDS INC | 0.7% | $88.9M | 556,107 | New |
| MSCI MSCI INC | 0.2% | $30.0M | 53,580 | Trimmed |
| MEDP MEDPACE HLDGS INC | 0.2% | $27.7M | 52,372 | Trimmed |
| NTNX NUTANIX INC | 0.2% | $27.4M | 538,281 | Trimmed |
| BMI BADGER METER INC | 0.2% | $25.9M | 174,627 | Added |
| CLX CLOROX CO DEL | 0.2% | $25.9M | 271,318 | Added |
| ROL ROLLINS INC | 0.2% | $25.9M | 619,935 | Held |
| MANH MANHATTAN ASSOCIATES INC | 0.2% | $24.1M | 172,977 | Added |
| NSSC NAPCO SEC TECHNOLOGIES INC | 0.2% | $23.1M | 606,974 | Added |
| FICO FAIR ISAAC CORP | 0.2% | $21.4M | 17,953 | New |
| SABR SABRE CORP | 0.1% | $18.8M | 9.0M | Held |
| IDCC INTERDIGITAL INC | 0.1% | $17.1M | 60,324 | New |
| ORLY OREILLY AUTOMOTIVE INC | 0.1% | $15.0M | 162,691 | New |
| VRT VERTIV HOLDINGS CO | 0.1% | $14.0M | 41,893 | Trimmed |
| VRSN VERISIGN INC | 0.1% | $14.0M | 55,713 | Trimmed |
| ADMA ADMA BIOLOGICS INC | 0.1% | $13.8M | 1.6M | Held |
| DOCS DOXIMITY INC | 0.1% | $13.5M | 653,324 | Trimmed |
Biggest buys (Q2 2026)
| Stock | Action | Trade value | Shares now | Weight |
|---|---|---|---|---|
| UBER UBER TECHNOLOGIES INC | New | $645.3M | 8.9M | 4.7% |
| MA MASTERCARD INCORPORATED | New | $639.5M | 1.2M | 4.7% |
| TSM TAIWAN SEMICONDUCTOR MANUFAC | New | $548.5M | 1.1M | 4.0% |
| NFLX NETFLIX INC. | New | $499.1M | 7.0M | 3.7% |
| GEV GE VERNOVA INC | New | $481.5M | 409,835 | 3.5% |
| APP APPLOVIN CORP | New | $358.9M | 696,568 | 2.6% |
| TJX TJX COS INC NEW | New | $344.3M | 2.3M | 2.5% |
| NXT NEXTPOWER INC | New | $340.3M | 2.9M | 2.5% |
| VEEV VEEVA SYS INC | New | $145.0M | 816,785 | 1.1% |
| YUM YUM BRANDS INC | New | $88.9M | 556,107 | 0.7% |
| FICO FAIR ISAAC CORP | New | $21.4M | 17,953 | 0.2% |
| IDCC INTERDIGITAL INC | New | $17.1M | 60,324 | 0.1% |
| ORLY OREILLY AUTOMOTIVE INC | New | $15.0M | 162,691 | 0.1% |
| NSSC NAPCO SEC TECHNOLOGIES INC | Added | $8.5M | 606,974 | 0.2% |
| MANH MANHATTAN ASSOCIATES INC | Added | $7.3M | 172,977 | 0.2% |
| BMI BADGER METER INC | Added | $4.8M | 174,627 | 0.2% |
| CLX CLOROX CO DEL | Added | $1.3M | 271,318 | 0.2% |
Biggest sells (Q2 2026)
| Stock | Action | Trade value | Shares now | Weight |
|---|---|---|---|---|
| GOOGL ALPHABET INC | Trimmed | $422.7M | 1.8M | 4.6% |
| PM PHILIP MORRIS INTL INC | Trimmed | $397.9M | 2.9M | 3.9% |
| FTNT FORTINET INC | Trimmed | $388.2M | 3.6M | 4.1% |
| V VISA INC | Trimmed | $372.0M | 2.0M | 5.1% |
| WAT WATERS CORP | Trimmed | $352.0M | 2.3M | 6.2% |
| MAR MARRIOTT INTL INC NEW | Trimmed | $291.0M | 2.6M | 7.0% |
| ADP AUTOMATIC DATA PROCESSING IN | Trimmed | $280.7M | 2.6M | 4.3% |
| TXN TEXAS INSTRS INC | Trimmed | $245.6M | 1.8M | 3.9% |
| IDXX IDEXX LABS INC | Trimmed | $234.7M | 1.0M | 3.9% |
| MSFT MICROSOFT CORP | Trimmed | $180.2M | 1.6M | 4.4% |
| META META PLATFORMS INC | Trimmed | $151.8M | 1.1M | 4.3% |
| SYK STRYKER CORPORATION | Trimmed | $46.5M | 2.9M | 6.7% |
| CHD CHURCH & DWIGHT CO INC | Trimmed | $17.9M | 6.5M | 4.6% |
| PG PROCTER & GAMBLE CO | Trimmed | $17.8M | 4.1M | 4.4% |
| VRT VERTIV HOLDINGS CO | Trimmed | $16.5M | 41,893 | 0.1% |
| PAYC PAYCOM SOFTWARE INC | Trimmed | $14.9M | 100,763 | 0.1% |
| VRSN VERISIGN INC | Trimmed | $14.5M | 55,713 | 0.1% |
| MSCI MSCI INC | Trimmed | $6.3M | 53,580 | 0.2% |
| MEDP MEDPACE HLDGS INC | Trimmed | $5.5M | 52,372 | 0.2% |
| NTNX NUTANIX INC | Trimmed | $2.0M | 538,281 | 0.2% |
| DOCS DOXIMITY INC | Trimmed | $797.7K | 653,324 | 0.1% |
Source: SEC Form 13F-HR for the quarter ending June 30, 2026, filed August 14, 2026; compared with Q1 2026. Long US equity positions only.
Frequently asked questions
What does Terry Smith own?
As of Q2 2026, Fundsmith's largest holdings are MAR (7.0%), SYK (6.7%), WAT (6.2%), V (5.1%), UBER (4.7%). The top 10 positions make up 52% of the $13.6B portfolio.
What did Terry Smith buy last quarter?
In Q2 2026, Fundsmith's largest purchases were UBER (new, $645.3M), MA (new, $639.5M), TSM (new, $548.5M), NFLX (new, $499.1M).
What did Terry Smith sell last quarter?
Fundsmith's largest sales in Q2 2026 were GOOGL (trimmed, $422.7M), PM (trimmed, $397.9M), FTNT (trimmed, $388.2M), V (trimmed, $372.0M).
When is Terry Smith's next 13F filing?
13F reports are due 45 days after each quarter ends. The latest filing, for Q2 2026, was filed on August 14, 2026.