Terry Smith's 2025Q1 portfolio

Terry Smith (Fundsmith) held 19 positions as of Mar 31, 2025, with the largest position at 10.3% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q1but 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 Mar 31, 2025 (19)

1METAMeta Platforms Inc-class A
% port
10.3%
-1.1pp vs prior Qnow 6.1%
2SYKStryker Corp
% port
9.4%
+0.5pp vs prior Qnow 8.8%
3MSFTMicrosoft Corp
% port
9.4%
-2.0pp vs prior Qnow 5.6%
4PMPhilip Morris International
% port
7.7%
+2.1pp vs prior Qnow 6.3%
5VVisa Inc-class A Shares
% port
7.0%
+0.6pp vs prior Q
6ADPAutomatic Data Processing
% port
6.7%
+0.1pp vs prior Qnow 6.1%
7WATWaters Corp
% port
6.3%
+0.4pp vs prior Qnow 7.4%
8IDXXIdexx Laboratories Inc
% port
5.1%
+0.4pp vs prior Qnow 6.1%
9MARMarriott International -cl A
% port
5.0%
-0.4pp vs prior Qnow 8.9%
10PGProcter & Gamble Co/the
% port
4.7%
+0.2pp vs prior Qnow 5.8%
11CHDChurch & Dwight CO Inc
% port
4.5%
+0.5pp vs prior Qnow 5.5%
12GOOGLAlphabet Inc-cl A
% port
4.4%
-0.6pp vs prior Qnow 7.4%
13MTDMettler-toledo International
% port
4.3%
+0.2pp vs prior Qnow 6.4%
14FTNTFortinet Inc
% port
3.5%
+0.3pp vs prior Qnow 3.1%
15OTISOtis Worldwide Corp
% port
2.5%
+0.4pp vs prior Qnow 1.7%
16TXNTexas Instruments Inc
% port
2.4%
+1.1pp vs prior Qnow 3.8%
17ZTSZoetis Inc
% port
1.7%
+1.5pp vs prior Qnow 3.0%
18HDHome Depot Inc
% port
0.2%
now 0.0%
19WMWaste Management Inc
% port
0.2%
+0.1pp vs prior Qnow 0.4%

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.