What Terry Smith bought and sold in Q2 2026
In Q2 2026, Terry Smith (Fundsmith) opened 9 new positions — including UBER (4.7%), MA (4.5%), NFLX (3.5%), added to 4, trimmed 11, exited 6 (MTD, ZTS, OTIS). The book stood at $4.52B across 27 positions, filed Aug 14, 2026.
9New4Added11Trimmed6Exited
New positions (9)
- UBERUber Technologies Inc4.7% · $213M
- MAMastercard Inc - A4.5% · $202M
- NFLXNetflix Inc3.5% · $156M
- GEVGE Vernova Inc3.3% · $151M
- APPApplovin Corp-class A2.7% · $121M
- NXTNextpower Inc-cl A2.4% · $108M
- VEEVVeeva Systems Inc-class A1.0% · $46M
- YUMYum! Brands Inc0.6% · $28M
- ORLYO'reilly Automotive Inc<0.1% · $498K
Added to (4)
Trimmed (11)
- MARMarriott International -cl A-25% shares · 7.4% · $334M
- WATWaters Corp-24% shares · 7.0% · $314M
- VVisa Inc-class A Shares-34% shares · 5.2% · $233M
- GOOGLAlphabet Inc-cl A-51% shares · 4.4% · $200M
- METAMeta Platforms Inc-class A-27% shares · 4.2% · $192M
- MSFTMicrosoft Corp-24% shares · 4.2% · $189M
- ADPAutomatic Data Processing-38% shares · 4.1% · $184M
- FTNTFortinet Inc-32% shares · 3.8% · $173M
- IDXXIdexx Laboratories Inc-32% shares · 3.8% · $172M
- PMPhilip Morris International-44% shares · 3.8% · $171M
- PGProcter & Gamble Co/the-38% shares · 3.5% · $159M
Exited (6)
Terry Smith's other filings
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.