Investor: Terry Smith
Number of Assets: 34
Reporting Period: Q1 - 2026
Holdings at Report: $12,827,766,987
Return Since Report: +$1,378,262,175
Return Since Report: +10.74%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Adma Biologics Inc. (ADMA) | Equity | -21.53% | 1,649,493 | 0.12% | $9.01 | $8.31 | $14,861,932 | $13,707,287 | -$1,154,645 | -7.77% |
| Alphabet Inc. (GOOGL) | Equity | -15.50% | 2,956,198 | 6.63% | $287.56 | $368.03 | $850,084,297 | $1,087,969,550 | +$237,885,253 | +27.98% |
| Automatic Data Processing Inc. (ADP) | Equity | -7.73% | 3,855,105 | 6.11% | $203.18 | $218.41 | $783,280,234 | $841,993,483 | +$58,713,249 | +7.50% |
| Medpace Holdings Inc. (MEDP) | Equity | -24.10% | 62,668 | 0.23% | $480.19 | $460.20 | $30,092,547 | $28,839,814 | -$1,252,733 | -4.16% |
| Mettler-Toledo International Inc. (MTD) | Equity | -2.07% | 568,516 | 5.59% | $1,261.20 | $1,144.84 | $717,012,379 | $650,859,857 | -$66,152,522 | -9.23% |
| Microsoft Corp. (MSFT) | Equity | -0.01% | 2,079,737 | 6.00% | $370.17 | $379.40 | $769,856,245 | $789,052,218 | +$19,195,973 | +2.49% |
| Catalyst Pharmaceuticals Inc. (CPRX) | Equity | -74.88% | 844,887 | 0.16% | $24.76 | $31.38 | $20,919,402 | $26,512,554 | +$5,593,152 | +26.74% |
| Church & Dwight Co. Inc. (CHD) | Equity | -1.29% | 6,641,508 | 4.83% | $93.32 | $95.63 | $619,785,527 | $635,127,410 | +$15,341,883 | +2.48% |
| The Clorox Company (CLX) | Equity | -58.07% | 257,217 | 0.21% | $103.63 | $95.80 | $26,655,398 | $24,641,389 | -$2,014,009 | -7.56% |
| Doximity Inc. (DOCS) | Equity | -58.07% | 691,786 | 0.13% | $23.30 | $20.46 | $16,118,614 | $14,153,942 | -$1,964,672 | -12.19% |
| Fortinet Inc. (FTNT) | Equity | -5.51% | 6,156,675 | 3.92% | $81.72 | $144.73 | $503,123,481 | $891,055,573 | +$387,932,092 | +77.10% |
| The Home Depot Inc. (HD) | Equity | -64.33% | 28,611 | 0.07% | $328.89 | $334.28 | $9,409,872 | $9,564,085 | +$154,213 | +1.64% |
| Idexx Laboratories Inc. (IDXX) | Equity | -21.87% | 1,465,786 | 6.42% | $561.89 | $562.09 | $823,610,496 | $823,903,653 | +$293,157 | +0.04% |
| Badger Meter Inc. (BMI) | Equity | +100% | 142,491 | 0.17% | $152.35 | N/A | $21,708,504 | N/A | N/A | N/A |
| Manhattan Associates Inc. (MANH) | Equity | -58.07% | 120,888 | 0.13% | $133.12 | $132.28 | $16,092,611 | $15,991,065 | -$101,546 | -0.63% |
| Marriott International Inc. (MAR) | Equity | -15.30% | 3,370,872 | 8.59% | $327.07 | $396.20 | $1,102,511,105 | $1,335,539,486 | +$233,028,381 | +21.14% |
| Meta Platforms Inc. (META) | Equity | -3.09% | 1,321,375 | 5.89% | $572.13 | $577.22 | $755,998,279 | $762,724,078 | +$6,725,799 | +0.89% |
| MSCI Inc. (MSCI) | Equity | -61.12% | 64,788 | 0.27% | $539.01 | $581.19 | $34,921,380 | $37,654,138 | +$2,732,758 | +7.83% |
| Napco Security Technologies Inc. (NSSC) | Equity | -78.45% | 383,596 | 0.12% | $39.39 | $37.39 | $15,109,846 | $14,342,654 | -$767,192 | -5.08% |
| Nutanix Inc. (NTNX) | Equity | -58.07% | 577,392 | 0.17% | $38.01 | $46.90 | $21,946,670 | $27,079,685 | +$5,133,015 | +23.39% |
| Otis Worldwide Corp. (OTIS) | Equity | -12.23% | 2,731,635 | 1.64% | $77.08 | $73.27 | $210,554,426 | $200,146,896 | -$10,407,530 | -4.94% |
| Paycom Software Inc. (PAYC) | Equity | -58.07% | 219,457 | 0.21% | $121.54 | $124.85 | $26,672,804 | $27,399,206 | +$726,402 | +2.72% |
| Philip Morris International Inc. (PM) | Equity | -16.51% | 5,113,163 | 6.59% | $165.34 | $178.40 | $845,410,370 | $912,188,279 | +$66,777,909 | +7.90% |
| The Procter & Gamble Company (PG) | Equity | -1.13% | 4,199,914 | 4.73% | $144.44 | $150.38 | $606,635,578 | $631,583,067 | +$24,947,489 | +4.11% |
| Qualys Inc. (QLYS) | Equity | -65.10% | 226,077 | 0.15% | $87.85 | $111.30 | $19,860,864 | $25,162,370 | +$5,301,506 | +26.69% |
| Rollins Inc. (ROL) | Equity | -58.07% | 619,935 | 0.26% | $53.41 | $44.96 | $33,110,728 | $27,872,278 | -$5,238,450 | -15.82% |
| Sabre Corp. (SABR) | Equity | -58.07% | 9,013,783 | 0.10% | $1.45 | $1.88 | $13,069,985 | $16,945,912 | +$3,875,927 | +29.66% |
| Stryker Corp. (SYK) | Equity | -16.98% | 3,061,416 | 7.84% | $328.59 | $307.80 | $1,005,950,683 | $942,303,845 | -$63,646,838 | -6.33% |
| Texas Instruments Inc. (TXN) | Equity | -0.02% | 2,623,124 | 3.97% | $194.14 | $322.86 | $509,253,293 | $846,901,815 | +$337,648,522 | +66.30% |
| Verisign Inc. (VRSN) | Equity | -58.07% | 113,467 | 0.22% | $248.36 | $264.64 | $28,180,664 | $30,027,907 | +$1,847,243 | +6.56% |
| Vertiv Holdings Co (VRT) | Equity | -77.79% | 91,254 | 0.18% | $250.58 | $333.05 | $22,866,427 | $30,392,145 | +$7,525,718 | +32.91% |
| Visa Inc. (V) | Equity | -12.18% | 3,104,090 | 7.31% | $302.24 | $327.24 | $938,180,162 | $1,015,782,412 | +$77,602,250 | +8.27% |
| Waters Corp. (WAT) | Equity | -9.72% | 3,212,075 | 7.46% | $297.80 | $355.44 | $956,555,935 | $1,141,699,938 | +$185,144,003 | +19.36% |
| Zoetis Inc. (ZTS) | Equity | -0.60% | 3,877,559 | 3.57% | $118.21 | $78.71 | $458,366,249 | $305,202,669 | -$153,163,580 | -33.42% |