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← Terry Smith

Terry Smith's 2025Q4 portfolio

Terry Smith (Fundsmith) held 20 positions as of Dec 31, 2025, with the largest position at 8.4% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q4but 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 Dec 31, 2025 (20)

  1. 1SYKStryker Corp
    % port
    8.4%
    -0.5pp vs prior Qnow 8.8%
  2. 2WATWaters Corp
    % port
    8.0%
    +1.6pp vs prior Qnow 7.4%
  3. 3MARMarriott International -cl A
    % port
    7.5%
    +1.5pp vs prior Qnow 8.9%
  4. 4GOOGLAlphabet Inc-cl A
    % port
    7.2%
    -0.2pp vs prior Qnow 7.4%
  5. 5VVisa Inc-class A Shares
    % port
    6.9%
    +0.3pp vs prior Qnow 7.0%
  6. 6IDXXIdexx Laboratories Inc
    % port
    6.9%
    now 6.1%
  7. 7METAMeta Platforms Inc-class A
    % port
    6.3%
    -1.8pp vs prior Qnow 6.1%
  8. 8ADPAutomatic Data Processing
    % port
    6.3%
    -0.3pp vs prior Qnow 6.1%
  9. 9PMPhilip Morris International
    % port
    6.1%
    +0.5pp vs prior Qnow 6.3%
  10. 10MTDMettler-toledo International
    % port
    6.1%
    +1.3pp vs prior Qnow 6.4%
  11. 11MSFTMicrosoft Corp
    % port
    5.9%
    -2.2pp vs prior Qnow 5.6%
  12. 12PGProcter & Gamble Co/the
    % port
    4.7%
    +0.1pp vs prior Qnow 5.8%
  13. 13CHDChurch & Dwight CO Inc
    % port
    4.0%
    +0.2pp vs prior Qnow 5.5%
  14. 14ZTSZoetis Inc
    % port
    2.8%
    now 3.0%
  15. 15TXNTexas Instruments Inc
    % port
    2.8%
    now 3.8%
  16. 16FTNTFortinet Inc
    % port
    2.6%
    -0.3pp vs prior Qnow 3.1%
  17. 17OTISOtis Worldwide Corp
    % port
    2.0%
    -0.3pp vs prior Qnow 1.7%
  18. 18BMIBadger Meter Inc
    % port
    0.4%
  19. 19WMWaste Management Inc
    % port
    0.3%
  20. 20HDHome Depot Inc
    % port
    0.1%

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.