Terry Smith's Portfolio: Fundsmith 13F Holdings

Quarterly SEC 13F-HR filings · CIK 0001569205

Latest filing in plain English

As of the Q2 2026 13F filing (filed 2026-08-14), Terry Smith's Fundsmith reported $13.6B across 41 disclosed US equity positions. The largest holdings: MAR (7.0%), SYK (6.7%), WAT (6.3%), V (5.1%), UBER (4.7%). During the quarter the fund opened 13 new positions, exited 6, added to 4, and trimmed 21 — 42.2% turnover.

MethodologyOpen ↓

Parsed quarterly from SEC EDGAR 13F-HR filings. A 13F discloses the US-listed long positions (and listed options) of institutional managers with $100M+ in US equities, filed up to 45 days after quarter-end — it excludes shorts, bonds, foreign-listed shares, and anything traded since the report date. Tickers are resolved from CUSIPs via OpenFIGI with manual corrections. Q/Q change compares share counts against the prior filing; the NEW / ADD / TRIM chips and turnover come from the same quarter-over-quarter comparison. Not investment advice.

Holdings

Q2 2026Filed Aug 14, 2026

13 New4 Increased21 Reduced6 Exited42.2% Turnover

#	Ticker	Issuer	Value ▼	Shares	Weight	Q/Q Change	Status
1	MAR	MARRIOTT INTL INC NEW	$958.3M	2.6M	7.02%	-23.3%	TRIM
2	SYK	STRYKER CORPORATION	$917.4M	2.9M	6.72%	-4.8%	TRIM
3	WAT	WATERS CORP	$852.7M	2.3M	6.25%	-29.2%	TRIM
4	V	VISA INC	$693.0M	2.0M	5.08%	-34.9%	TRIM
5	UBER	UBER TECHNOLOGIES INC	$645.3M	8.9M	4.73%	—	NEW
6	MA	MASTERCARD INCORPORATED	$639.5M	1.2M	4.69%	—	NEW
7	GOOGL	ALPHABET INC	$633.7M	1.8M	4.64%	-40%	TRIM
8	CHD	CHURCH & DWIGHT CO INC	$625.5M	6.5M	4.58%	-2.8%	TRIM
9	PG	PROCTER & GAMBLE CO	$598.1M	4.1M	4.38%	-2.9%	TRIM
10	MSFT	MICROSOFT CORP	$595.6M	1.6M	4.36%	-23.2%	TRIM
11	META	META PLATFORMS INC	$592.5M	1.1M	4.34%	-20.4%	TRIM
12	ADP	AUTOMATIC DATA PROCESSING IN	$582.6M	2.6M	4.27%	-32.5%	TRIM
13	FTNT	FORTINET INC	$557.6M	3.6M	4.09%	-41%	TRIM
14	TSM	TAIWAN SEMICONDUCTOR MANUFAC	$548.5M	1.1M	4.02%	—	NEW
15	IDXX	IDEXX LABS INC	$536.9M	1.0M	3.93%	-30.4%	TRIM
16	TXN	TEXAS INSTRS INC	$536.3M	1.8M	3.93%	-31.4%	TRIM
17	PM	PHILIP MORRIS INTL INC	$527.1M	2.9M	3.86%	-43%	TRIM
18	NFLX	NETFLIX INC.	$499.1M	7.0M	3.66%	—	NEW
19	GEV	GE VERNOVA INC	$481.5M	409.8K	3.53%	—	NEW
20	APP	APPLOVIN CORP	$358.9M	696.6K	2.63%	—	NEW
21	TJX	TJX COS INC NEW	$344.3M	2.3M	2.52%	—	NEW
22	NXT	NEXTPOWER INC	$340.3M	2.9M	2.49%	—	NEW
23	VEEV	VEEVA SYS INC	$145.0M	816.8K	1.06%	—	NEW
24	YUM	YUM BRANDS INC	$88.9M	556.1K	0.65%	—	NEW
25	MSCI	MSCI INC	$30.0M	53.6K	0.22%	-17.3%	TRIM
26	MEDP	MEDPACE HLDGS INC	$27.7M	52.4K	0.2%	-16.4%	TRIM
27	NTNX	NUTANIX INC	$27.4M	538.3K	0.2%	-6.8%	TRIM
28	BMI	BADGER METER INC	$25.9M	174.6K	0.19%	+22.6%	ADD
29	CLX	CLOROX CO DEL	$25.9M	271.3K	0.19%	+5.5%	ADD
30	ROL	ROLLINS INC	$25.9M	619.9K	0.19%	0%
31	MANH	MANHATTAN ASSOCIATES INC	$24.1M	173.0K	0.18%	+43.1%	ADD
32	NSSC	NAPCO SEC TECHNOLOGIES INC	$23.1M	607.0K	0.17%	+58.2%	ADD
33	FICO	FAIR ISAAC CORP	$21.4M	18.0K	0.16%	—	NEW
34	SABR	SABRE CORP	$18.8M	9.0M	0.14%	0%
35	IDI	INTERDIGITAL INC	$17.1M	60.3K	0.13%	—	NEW
36	ORLY	OREILLY AUTOMOTIVE INC	$15.0M	162.7K	0.11%	—	NEW
37	VRT	VERTIV HOLDINGS CO	$14.0M	41.9K	0.1%	-54.1%	TRIM
38	VRSN	VERISIGN INC	$14.0M	55.7K	0.1%	-50.9%	TRIM
39	ADMA	ADMA BIOLOGICS INC	$13.8M	1.6M	0.1%	0%
40	DOCS	DOXIMITY INC	$13.5M	653.3K	0.1%	-5.6%	TRIM
41	PAYC	PAYCOM SOFTWARE INC	$12.7M	100.8K	0.09%	-54.1%	TRIM