← All Managers

Terry Smith

Fundsmith

Quality growth investor

🌐 Website📍 London, UKEst. 2010💰 ~$25B AUM

$12.83B

Portfolio Value

34

Holdings

Q1 '26

Period

2026-05-15

Filed

📉

Simulated 13F Return

⚠️ Approximation

Total Return

+11.2%

Q4 '24Q3 '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

MARREDUCED
8.6% of portfolio
-15% shares+1.4pp
SYKREDUCED
7.8% of portfolio
-17% shares+0.3pp
WATREDUCED
7.5% of portfolio
-10% shares-0.4pp
VREDUCED
7.3% of portfolio
-12% shares+0.1pp
GOOGLREDUCED
6.6% of portfolio
-16% shares+0.2pp
PMREDUCED
6.6% of portfolio
-17% shares+0.9pp
IDXXREDUCED
6.4% of portfolio
-22% shares-1.0pp
ADPREDUCED
6.1% of portfolio
-8% shares-0.2pp
MSFTREDUCED
6.0% of portfolio
-0% shares+0.1pp
METAREDUCED
5.9% of portfolio
-3% shares+0.6pp
MTDREDUCED
5.6% of portfolio
-2% shares+0.9pp
CHDREDUCED
4.8% of portfolio
-1% shares+1.5pp
PGREDUCED
4.7% of portfolio
-1% shares+1.2pp
TXNREDUCED
4.0% of portfolio
-0% shares+1.3pp
FTNTREDUCED
3.9% of portfolio
-6% shares+0.9pp
ZBHREDUCED
3.6% of portfolio
-1% shares+0.7pp
OTISREDUCED
1.6% of portfolio
-12% shares+0.1pp
MSCIINCREASED
0.3% of portfolio
-61% shares-0.3pp
ROLINCREASED
0.3% of portfolio
-58% shares-0.3pp
MEDPREDUCED
0.2% of portfolio
-24% shares-0.0pp
VRSNREDUCED
0.2% of portfolio
-58% shares-0.2pp
PYPLREDUCED
0.2% of portfolio
-58% shares-0.3pp
CLXREDUCED
0.2% of portfolio
-58% shares-0.2pp
VRTINCREASED
0.2% of portfolio
-78% shares-0.2pp
NTNXINCREASED
0.2% of portfolio
-58% shares-0.2pp
BMINEW
0.2% of portfolio
New position
CPRXINCREASED
0.2% of portfolio
-75% shares-0.3pp
QLYSREDUCED
0.2% of portfolio
-65% shares-0.3pp
DOCSINCREASED
0.1% of portfolio
-58% shares-0.3pp
MANHREDUCED
0.1% of portfolio
-58% shares-0.2pp
NSSCINCREASED
0.1% of portfolio
-78% shares-0.3pp
ADMAREDUCED
0.1% of portfolio
-22% shares-0.1pp
SABRINCREASED
0.1% of portfolio
-58% shares-0.1pp
HDREDUCED
0.1% of portfolio
-64% shares-0.1pp
INTUSOLD
was 2.4%
Sold out position
Filing price: $662.42
NKESOLD
was 2.1%
Sold out position
Filing price: $63.71
ODDSOLD
was 0.5%
Sold out position
Filing price: $40.18
GGGSOLD
was 0.3%
Sold out position
Filing price: $81.97

Sold Out (4)

SOLDNKENIKE INCwas 2.15%@$63.71
SOLDODDODDITY TECH LTDwas 0.49%@$40.18
SOLDINTUINTUITwas 2.42%@$662.42
SOLDGGGGRACO INCwas 0.28%@$81.97

📊 Sector Breakdown

Portfolio allocation by sector

Unknown 29.4%Technology 26.6%Consumer Staples 16.4%Healthcare 11.4%Consumer Discretionary 8.7%+1 more (7.6%)

💼 Holdings

🔍

34 of 34 positions · $12.83B

This quarter: 1 new position, increased 8, reduced 25, sold 4. Net seller.

MARREDUCED
8.6%
8.6% of portfolio (was 7.2%, trimmed)
Filed ~$327
📄
SYKREDUCED
7.8%
7.8% of portfolio (was 7.6%, trimmed)
Filed ~$329
📄
WATREDUCED
7.5%
7.5% of portfolio (was 7.9%, trimmed)
Filed ~$298
📄
VREDUCED
7.3%
7.3% of portfolio (was 7.2%, trimmed)
Filed ~$302
📄
GOOGLREDUCED
6.6%
6.6% of portfolio (was 6.4%, trimmed)
Filed ~$288
📄
PMREDUCED
6.6%
6.6% of portfolio (was 5.7%, trimmed)
Filed ~$165
📄
IDXXREDUCED
6.4%
6.4% of portfolio (was 7.4%, trimmed)
Filed ~$562
📄
ADPREDUCED
6.1%
6.1% of portfolio (was 6.3%, trimmed)
Filed ~$203
📄
MSFTREDUCED
6.0%
6.0% of portfolio (was 5.9%, trimmed)
Filed ~$370
📄
METAREDUCED
5.9%
5.9% of portfolio (was 5.3%, trimmed)
Filed ~$572
📄
MTDREDUCED
5.6%
5.6% of portfolio (was 4.7%, trimmed)
Filed ~$1261
📄
CHDREDUCED
4.8%
4.8% of portfolio (was 3.3%, trimmed)
Filed ~$93
📄
PGREDUCED
4.7%
4.7% of portfolio (was 3.6%, trimmed)
Filed ~$144
📄
TXNREDUCED
4.0%
4.0% of portfolio (was 2.7%, trimmed)
Filed ~$194
📄
FTNTREDUCED
3.9%
3.9% of portfolio (was 3.0%, trimmed)
Filed ~$82
📄
ZBHREDUCED
3.6%
3.6% of portfolio (was 2.9%, trimmed)
Filed ~$118
📄
OTISREDUCED
1.6%
1.6% of portfolio (was 1.6%, trimmed)
Filed ~$77
📄
MSCIINCREASED
0.3%
0.3% of portfolio (was 0.6%, added)
Filed ~$539
📄
ROLINCREASED
0.3%
0.3% of portfolio (was 0.5%, added)
Filed ~$53
📄
MEDPREDUCED
0.2%
0.2% of portfolio (was 0.3%, trimmed)
Filed ~$480
📄
VRSNREDUCED
0.2%
0.2% of portfolio (was 0.4%, trimmed)
Filed ~$248
📄
PYPLREDUCED
0.2%
0.2% of portfolio (was 0.5%, trimmed)
Filed ~$122
📄
CLXREDUCED
0.2%
0.2% of portfolio (was 0.4%, trimmed)
Filed ~$104
📄
VRTINCREASED
0.2%
0.2% of portfolio (was 0.4%, added)
Filed ~$251
📄
NTNXINCREASED
0.2%
0.2% of portfolio (was 0.4%, added)
Filed ~$38
📄
125 of 34

🚫 Sold Out (4 positions)

SOLDNKENIKE INCwas 2.15%@$63.715770181 shares · $367.6M
SOLDODDODDITY TECH LTDwas 0.49%@$40.182074167 shares · $83.3M
SOLDINTUINTUITwas 2.42%@$662.42625619 shares · $414.4M
SOLDGGGGRACO INCwas 0.28%@$81.97579016 shares · $47.5M