What did Terry Smith buy in Q1 2026?

Terry Smith opened 0 new positions and added to 4 existing holdings in the Q1 2026 13F.

What did Terry Smith sell in Q1 2026?

Terry Smith exited 2 positions (NKE, INTU) and trimmed 2.

What Terry Smith bought and sold in Q1 2026

In Q1 2026, Terry Smith (Fundsmith) added to 4, trimmed 2, exited 2 (NKE, INTU). The book stood at $4.41B across 24 positions, filed May 15, 2026.

0New4Added2Trimmed2Exited

Share𝕏 in

Added to (4)

TSMTaiwan Semiconductor-sp Adr+372% shares · <0.1% · $964K
AAPLApple Inc+261% shares · <0.1% · $554K
TJXTjx Companies Inc+178% shares · <0.1% · $513K
AMZNAmazon.com Inc+178% shares · <0.1% · $414K

Trimmed (2)

OTISOtis Worldwide Corp-23% shares · 1.7% · $75M
HDHome Depot Inc-51% shares · <0.1% · $2M

Exited (2)

NKENike Inc -cl Bwas 2.6% of book
INTUIntuit Incwas 2.1% of book

Terry Smith's other filings

Q4 2025 changes Q3 2025 changes Q2 2025 changes Q1 2025 changes Q4 2024 changes

Terry Smith's full portfolio →The whole cohort in Q1 2026 →

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.