Terry Smith's 2025Q2 portfolio

Terry Smith (Fundsmith) held 19 positions as of Jun 30, 2025, with the largest position at 11.4% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q2but 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 Jun 30, 2025 (19)

1METAMeta Platforms Inc-class A
% port
11.4%
+1.1pp vs prior Qnow 6.1%
2MSFTMicrosoft Corp
% port
10.7%
+1.3pp vs prior Qnow 5.6%
3SYKStryker Corp
% port
8.7%
-0.7pp vs prior Qnow 8.8%
4PMPhilip Morris International
% port
6.9%
-0.8pp vs prior Qnow 6.3%
5VVisa Inc-class A Shares
% port
6.3%
-0.7pp vs prior Qnow 7.0%
6ADPAutomatic Data Processing
% port
6.3%
-0.4pp vs prior Qnow 6.1%
7IDXXIdexx Laboratories Inc
% port
6.1%
+1.1pp vs prior Q
8WATWaters Corp
% port
5.8%
-0.6pp vs prior Qnow 7.4%
9MARMarriott International -cl A
% port
5.6%
+0.5pp vs prior Qnow 8.9%
10GOOGLAlphabet Inc-cl A
% port
4.8%
+0.4pp vs prior Qnow 7.4%
11PGProcter & Gamble Co/the
% port
4.2%
-0.5pp vs prior Qnow 5.8%
12MTDMettler-toledo International
% port
4.1%
-0.2pp vs prior Qnow 6.4%
13CHDChurch & Dwight CO Inc
% port
3.8%
-0.7pp vs prior Qnow 5.5%
14FTNTFortinet Inc
% port
3.6%
+0.1pp vs prior Qnow 3.1%
15TXNTexas Instruments Inc
% port
2.8%
+0.4pp vs prior Qnow 3.8%
16OTISOtis Worldwide Corp
% port
2.3%
-0.2pp vs prior Qnow 1.7%
17ZTSZoetis Inc
% port
1.8%
+0.2pp vs prior Qnow 3.0%
18WMWaste Management Inc
% port
0.2%
now 0.4%
19HDHome Depot Inc
% port
0.2%
now 0.0%

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.