Terry Smith's 2024Q3 portfolio

Terry Smith (Fundsmith) held 20 positions as of Sep 30, 2024, with the largest position at 11.7% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2024Q3but have since been exited aren't included in this table — for a full point-in-time reconstruction, use the SEC EDGAR filing directly.

Holdings as of Sep 30, 2024 (20)

1MSFTMicrosoft Corp
% port
11.7%
-1.3pp vs prior Qnow 5.6%
2METAMeta Platforms Inc-class A
% port
11.4%
+1.0pp vs prior Qnow 6.1%
3SYKStryker Corp
% port
8.5%
+0.2pp vs prior Qnow 8.8%
4ADPAutomatic Data Processing
% port
6.3%
+0.7pp vs prior Qnow 6.1%
5VVisa Inc-class A Shares
% port
6.2%
now 7.0%
6PMPhilip Morris International
% port
5.8%
-0.3pp vs prior Qnow 6.3%
7WATWaters Corp
% port
5.5%
+0.9pp vs prior Qnow 7.4%
8IDXXIdexx Laboratories Inc
% port
5.4%
now 6.1%
9MTDMettler-toledo International
% port
4.8%
+0.2pp vs prior Qnow 6.4%
10PGProcter & Gamble Co/the
% port
4.4%
+0.1pp vs prior Qnow 5.8%
11MARMarriott International -cl A
% port
4.4%
now 8.9%
12GOOGLAlphabet Inc-cl A
% port
4.1%
-0.6pp vs prior Qnow 7.4%
13CHDChurch & Dwight CO Inc
% port
3.8%
-0.1pp vs prior Qnow 5.5%
14FTNTFortinet Inc
% port
2.5%
+0.5pp vs prior Qnow 3.1%
15OTISOtis Worldwide Corp
% port
2.3%
now 1.7%
16AAPLApple Inc
% port
1.7%
+0.1pp vs prior Qnow 0.0%
17TXNTexas Instruments Inc
% port
1.2%
+0.2pp vs prior Qnow 3.8%
18TSMTaiwan Semiconductor-sp Adr
% port
0.3%
now 0.0%
19HDHome Depot Inc
% port
0.3%
now 0.0%
20ZTSZoetis Inc
% port
0.2%
now 3.0%

13F-HR filings disclose long US-equity positions only. 13Fs don't cover shorts, bonds, derivatives, or non-US listings, so the picture here is the public part of the portfolio — not the whole.

Not investment advice.