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Terry Smith
Fundsmith
Quality growth investor
$17.12B
Portfolio Value
37
Holdings
Q4 '25
Period
2026-02-17
Filed
📉
⚠️ ApproximationSimulated 13F Return
Total Return
+11.2%
Q4 '24 → Q3 '25
Annualized
+15.26%/yr
S&P: +18.77%/yr
Alpha (vs S&P)
-2.52%
3 quarters tracked
1-Year Return
—
⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.
📈 Recent Activity
Changes from previous quarter
WATREDUCED
7.9% of portfolio
-10% shares+1.9pp
SYKREDUCED
7.6% of portfolio
-20% shares-1.0pp
IDXXREDUCED
7.4% of portfolio
-28% shares-1.0pp
VREDUCED
7.2% of portfolio
-8% shares+0.6pp
MARREDUCED
7.2% of portfolio
-6% shares+1.7pp
GOOGLREDUCED
6.4% of portfolio
-44% shares-1.3pp
ADPREDUCED
6.3% of portfolio
-3% shares-0.1pp
MSFTREDUCED
5.9% of portfolio
-19% shares-0.9pp
PMREDUCED
5.7% of portfolio
-15% shares-0.2pp
METAREDUCED
5.3% of portfolio
-13% shares-0.5pp
MTDREDUCED
4.7% of portfolio
-2% shares+1.1pp
PGREDUCED
3.6% of portfolio
-7% shares
CHDREDUCED
3.3% of portfolio
-1% shares+0.3pp
FTNTREDUCED
3.0% of portfolio
-23% shares-0.6pp
ZBHINCREASED
2.9% of portfolio
+8% shares+0.2pp
TXNREDUCED
2.7% of portfolio
-4% shares+0.1pp
INTUINCREASED
2.4% of portfolio
+4% shares+0.3pp
NKEREDUCED
2.1% of portfolio
-6% shares-0.0pp
OTISREDUCED
1.6% of portfolio
-47% shares-1.1pp
QLYSREDUCED
0.5% of portfolio
-26% shares-0.1pp
ODDINCREASED
0.5% of portfolio
+46% shares+0.0pp
DOCSINCREASED
0.4% of portfolio
+22% shares-0.1pp
NTNXNEW
0.4% of portfolio
New position
VRTREDUCED
0.4% of portfolio
-31% shares-0.1pp
GGGREDUCED
0.3% of portfolio
-36% shares-0.1pp
MEDPINCREASED
0.3% of portfolio
-35% shares-0.1pp
ADMANEW
0.2% of portfolio
New position
HDREDUCED
0.2% of portfolio
-5% shares-0.0pp
📊 Sector Breakdown
Portfolio allocation by sector
Unknown 33.2%Technology 26.1%Consumer Staples 13.0%Healthcare 10.4%Consumer Discretionary 9.5%+1 more (7.8%)
💼 Holdings
🔍
37 of 37 positions · $17.12B
This quarter: 2 new positions, increased 5, reduced 21. Net seller.
| # | Stock | % Portfolio▼ | Activity | Shares | Reported Price | Value | Current Price | +/- Reported | 52w Low | 52w High | SEC | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | WATWATERS CORP | 7.9% | Reduce 10.05% | 3557978 | $379.83 | $1.35B | — | — | — | — | 📄 | |
| 2 | SYKSTRYKER CORPORATION | 7.6% | Reduce 19.68% | 3687511 | $351.47 | $1.30B | — | — | — | — | 📄 | |
| 3 | IDXXIDEXX LABS INC | 7.4% | Reduce 28.13% | 1876035 | $676.53 | $1.27B | — | — | — | — | 📄 | |
| 4 | VVISA INC | 7.2% | Reduce 8.29% | 3534684 | $350.71 | $1.24B | — | — | — | — | 📄 | |
| 5 | MARMARRIOTT INTL INC NEW | 7.2% | Reduce 5.87% | 3979927 | $310.24 | $1.23B | — | — | — | — | 📄 | |
| 6 | GOOGLALPHABET INC | 6.4% | Reduce 44.37% | 3498519 | $313.00 | $1.10B | — | — | — | — | 📄 | |
| 7 | ADPAUTOMATIC DATA PROCESSING IN | 6.3% | Reduce 3.10% | 4177969 | $257.23 | $1.07B | — | — | — | — | 📄 | |
| 8 | MSFTMICROSOFT CORP | 5.9% | Reduce 19.49% | 2079971 | $483.62 | $1.01B | — | — | — | — | 📄 | |
| 9 | PMPHILIP MORRIS INTL INC | 5.7% | Reduce 14.80% | 6124597 | $160.40 | $982.4M | — | — | — | — | 📄 | |
| 10 | METAMETA PLATFORMS INC | 5.3% | Reduce 12.52% | 1363539 | $660.09 | $900.1M | — | — | — | — | 📄 | |
| 11 | MTDMETTLER TOLEDO INTERNATIONAL | 4.7% | Reduce 1.72% | 580507 | $1394.19 | $809.3M | — | — | — | — | 📄 | |
| 12 | PGPROCTER AND GAMBLE CO | 3.6% | Reduce 7.19% | 4248048 | $143.31 | $608.8M | — | — | — | — | 📄 | |
| 13 | CHDCHURCH AND DWIGHT CO INC | 3.3% | Reduce 0.97% | 6728404 | $83.85 | $564.2M | — | — | — | — | 📄 | |
| 14 | FTNTFORTINET INC | 3.0% | Reduce 22.61% | 6516011 | $79.41 | $517.4M | — | — | — | — | 📄 | |
| 15 | ZBHZOETIS INC | 2.9% | Add 7.90% | 3900803 | $125.82 | $490.8M | — | — | — | — | 📄 | |
| 16 | TXNTEXAS INSTRS INC | 2.7% | Reduce 3.61% | 2623552 | $173.49 | $455.2M | — | — | — | — | 📄 | |
| 17 | INTUINTUIT | 2.4% | Add 3.50% | 625619 | $662.42 | $414.4M | — | — | — | — | 📄 | |
| 18 | NKENIKE INC | 2.1% | Reduce 5.86% | 5770181 | $63.71 | $367.6M | — | — | — | — | 📄 | |
| 19 | OTISOTIS WORLDWIDE CORP | 1.6% | Reduce 46.51% | 3112380 | $87.35 | $271.9M | — | — | — | — | 📄 | |
| 20 | MSCIMSCI INC | 0.6% | Held | 166619 | $573.73 | $95.6M | — | — | — | — | 📄 | |
| 21 | ROLROLLINS INC | 0.5% | Held | 1478629 | $60.02 | $88.7M | — | — | — | — | 📄 | |
| 22 | QLYSQUALYS INC | 0.5% | Reduce 25.61% | 647806 | $132.90 | $86.1M | — | — | — | — | 📄 | |
| 23 | PYPLPAYCOM SOFTWARE INC | 0.5% | Held | 523433 | $159.36 | $83.4M | — | — | — | — | 📄 | |
| 24 | ODDODDITY TECH LTD | 0.5% | Add 46.38% | 2074167 | $40.18 | $83.3M | — | — | — | — | 📄 | |
| 25 | CPRXCATALYST PHARMACEUTICALS INC | 0.5% | Held | 3363807 | $23.34 | $78.5M | — | — | — | — | 📄 | |
| 26 | NSSCNAPCO SEC TECHNOLOGIES INC | 0.4% | Held | 1779857 | $41.70 | $74.2M | — | — | — | — | 📄 | |
| 27 | DOCSDOXIMITY INC | 0.4% | Add 21.69% | 1650002 | $44.28 | $73.1M | — | — | — | — | 📄 | |
| 28 | NTNXNUTANIX INC | 0.4% | Buy | 1377158 | $51.69 | $71.2M | — | — | — | — | 📄 | |
| 29 | VRTVERTIV HOLDINGS CO | 0.4% | Reduce 30.52% | 410944 | $162.01 | $66.6M | — | — | — | — | 📄 | |
| 30 | VRSNVERISIGN INC | 0.4% | Held | 270634 | $242.95 | $65.8M | — | — | — | — | 📄 | |
| 31 | CLXCLOROX CO DEL | 0.4% | Held | 613497 | $100.83 | $61.9M | — | — | — | — | 📄 | |
| 32 | MANHMANHATTAN ASSOCIATES INC | 0.3% | Held | 288332 | $173.31 | $50.0M | — | — | — | — | 📄 | |
| 33 | GGGGRACO INC | 0.3% | Reduce 35.70% | 579016 | $81.97 | $47.5M | — | — | — | — | 📄 | |
| 34 | MEDPMEDPACE HLDGS INC | 0.3% | Add 35.26% | 82567 | $561.65 | $46.4M | — | — | — | — | 📄 | |
| 35 | ADMAADMA BIOLOGICS INC | 0.2% | Buy | 2102054 | $18.24 | $38.3M | — | — | — | — | 📄 | |
| 36 | SABRSABRE CORP | 0.2% | Held | 21499095 | $1.36 | $29.2M | — | — | — | — | 📄 | |
| 37 | HDHOME DEPOT INC | 0.2% | Reduce 5.48% | 80206 | $344.10 | $27.6M | — | — | — | — | 📄 |