What Terry Smith Bought in Q4 2025
Fundsmith · Quarterly 13F recap as filed with the SEC.
Period: 2025-12-31 · Filed · Historical
$17.12B
Total Value
37
Holdings
2
New Buys
21
Reduced
In Q4 2025, Terry Smith reported 37 long equity positions worth $17.12B in their Fundsmith 13F filing, including 2 new positions (largest: NUTANIX INC at $71.2M) and 5 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | WAT | WATERS CORP | 3557978 | $1.35B | 7.90% | -10.0% |
| 2 | SYK | STRYKER CORPORATION | 3687511 | $1.30B | 7.57% | -19.7% |
| 3 | IDXX | IDEXX LABS INC | 1876035 | $1.27B | 7.42% | -28.1% |
| 4 | V | VISA INC | 3534684 | $1.24B | 7.24% | -8.3% |
| 5 | MAR | MARRIOTT INTL INC NEW | 3979927 | $1.23B | 7.21% | -5.9% |
| 6 | GOOGL | ALPHABET INC | 3498519 | $1.10B | 6.40% | -44.4% |
| 7 | ADP | AUTOMATIC DATA PROCESSING IN | 4177969 | $1.07B | 6.28% | -3.1% |
| 8 | MSFT | MICROSOFT CORP | 2079971 | $1.01B | 5.88% | -19.5% |
| 9 | PM | PHILIP MORRIS INTL INC | 6124597 | $982.4M | 5.74% | -14.8% |
| 10 | META | META PLATFORMS INC | 1363539 | $900.1M | 5.26% | -12.5% |
| 11 | MTD | METTLER TOLEDO INTERNATIONAL | 580507 | $809.3M | 4.73% | -1.7% |
| 12 | PG | PROCTER AND GAMBLE CO | 4248048 | $608.8M | 3.56% | -7.2% |
| 13 | CHD | CHURCH AND DWIGHT CO INC | 6728404 | $564.2M | 3.30% | -1.0% |
| 14 | FTNT | FORTINET INC | 6516011 | $517.4M | 3.02% | -22.6% |
| 15 | ZTS | ZOETIS INC | 3900803 | $490.8M | 2.87% | +7.9% |
| 16 | TXN | TEXAS INSTRS INC | 2623552 | $455.2M | 2.66% | -3.6% |
| 17 | INTU | INTUIT | 625619 | $414.4M | 2.42% | +3.5% |
| 18 | NKE | NIKE INC | 5770181 | $367.6M | 2.15% | -5.9% |
| 19 | OTIS | OTIS WORLDWIDE CORP | 3112380 | $271.9M | 1.59% | -46.5% |
| 20 | MSCI | MSCI INC | 166619 | $95.6M | 0.56% | — |
| 21 | ROL | ROLLINS INC | 1478629 | $88.7M | 0.52% | — |
| 22 | QLYS | QUALYS INC | 647806 | $86.1M | 0.50% | -25.6% |
| 23 | PAYC | PAYCOM SOFTWARE INC | 523433 | $83.4M | 0.49% | — |
| 24 | ODD | ODDITY TECH LTD | 2074167 | $83.3M | 0.49% | +46.4% |
| 25 | CPRX | CATALYST PHARMACEUTICALS INC | 3363807 | $78.5M | 0.46% | — |
| 26 | NSSC | NAPCO SEC TECHNOLOGIES INC | 1779857 | $74.2M | 0.43% | — |
| 27 | DOCS | DOXIMITY INC | 1650002 | $73.1M | 0.43% | +21.7% |
| 28 | NTNX | NUTANIX INC | 1377158 | $71.2M | 0.42% | NEW |
| 29 | VRT | VERTIV HOLDINGS CO | 410944 | $66.6M | 0.39% | -30.5% |
| 30 | VRSN | VERISIGN INC | 270634 | $65.8M | 0.38% | — |
| 31 | CLX | CLOROX CO DEL | 613497 | $61.9M | 0.36% | — |
| 32 | MANH | MANHATTAN ASSOCIATES INC | 288332 | $50.0M | 0.29% | — |
| 33 | GGG | GRACO INC | 579016 | $47.5M | 0.28% | -35.7% |
| 34 | MEDP | MEDPACE HLDGS INC | 82567 | $46.4M | 0.27% | +-35.3% |
| 35 | ADMA | ADMA BIOLOGICS INC | 2102054 | $38.3M | 0.22% | NEW |
| 36 | SABR | SABRE CORP | 21499095 | $29.2M | 0.17% | — |
| 37 | HD | HOME DEPOT INC | 80206 | $27.6M | 0.16% | -5.5% |