Fundsmith (Terry Smith) latest 13F portfolio: 34 holdings worth $12.8B as of Q1 2026.
Backtested since 2020: mirroring Fundsmith's reported 13F equity holdings each quarter would have returned +90.9% versus +188.7%for the S&P 500 (+11.0% annualized). See the Performance tab for the full equity curve.
Investor: Terry Smith
Number of Assets: 34
Reporting Period: Q1 - 2026
Holdings at Report: $12,827,766,987
Return $ Since Report: +$2,182,423,551
Return % Since Report: +17.01%
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 | $8.74 | $14,861,932 | $14,416,569 | -$445,363 | -3.00% |
| Alphabet Inc. (GOOGL) | Equity | -15.50% | 2,956,198 | 6.63% | $287.56 | $373.51 | $850,084,297 | $1,104,169,515 | +$254,085,218 | +29.89% |
| Automatic Data Processing Inc. (ADP) | Equity | -7.73% | 3,855,105 | 6.11% | $203.18 | $269.78 | $783,280,234 | $1,040,030,227 | +$256,749,993 | +32.78% |
| Medpace Holdings Inc. (MEDP) | Equity | -24.10% | 62,668 | 0.23% | $480.19 | $573.29 | $30,092,547 | $35,926,938 | +$5,834,391 | +19.39% |
| Mettler-Toledo International Inc. (MTD) | Equity | -2.07% | 568,516 | 5.59% | $1,261.20 | $1,445.00 | $717,012,379 | $821,505,620 | +$104,493,241 | +14.57% |
| Microsoft Corp. (MSFT) | Equity | -0.01% | 2,079,737 | 6.00% | $370.17 | $487.65 | $769,856,245 | $1,014,183,748 | +$244,327,503 | +31.74% |
| Church & Dwight Co. Inc. (CHD) | Equity | -1.29% | 6,641,508 | 4.83% | $93.32 | $100.01 | $619,785,527 | $664,217,215 | +$44,431,688 | +7.17% |
| The Clorox Company (CLX) | Equity | -58.07% | 257,217 | 0.21% | $103.63 | $98.26 | $26,655,398 | $25,274,142 | -$1,381,256 | -5.18% |
| Doximity Inc. (DOCS) | Equity | -58.07% | 691,786 | 0.13% | $23.30 | $21.66 | $16,118,614 | $14,984,085 | -$1,134,529 | -7.04% |
| Fortinet Inc. (FTNT) | Equity | -5.51% | 6,156,675 | 3.92% | $81.72 | $163.21 | $503,123,481 | $1,004,830,927 | +$501,707,446 | +99.72% |
| The Home Depot Inc. (HD) | Equity | -64.33% | 28,611 | 0.07% | $328.89 | $340.02 | $9,409,872 | $9,728,312 | +$318,440 | +3.38% |
| Idexx Laboratories Inc. (IDXX) | Equity | -21.87% | 1,465,786 | 6.42% | $561.89 | $567.84 | $823,610,496 | $832,331,922 | +$8,721,426 | +1.06% |
| Badger Meter Inc. (BMI) | Equity | +100% | 142,491 | 0.17% | $152.35 | $136.95 | $21,708,504 | $19,514,142 | -$2,194,362 | -10.11% |
| Manhattan Associates Inc. (MANH) | Equity | -58.07% | 120,888 | 0.13% | $133.12 | $187.24 | $16,092,611 | $22,635,069 | +$6,542,458 | +40.66% |
| Marriott International Inc. (MAR) | Equity | -15.30% | 3,370,872 | 8.59% | $327.07 | $346.83 | $1,102,511,105 | $1,169,119,536 | +$66,608,431 | +6.04% |
| Meta Platforms Inc. (META) | Equity | -3.09% | 1,321,375 | 5.89% | $572.13 | $590.24 | $755,998,279 | $779,928,380 | +$23,930,101 | +3.17% |
| MSCI Inc. (MSCI) | Equity | -61.12% | 64,788 | 0.27% | $539.01 | $574.43 | $34,921,380 | $37,216,171 | +$2,294,791 | +6.57% |
| Napco Security Technologies Inc. (NSSC) | Equity | -78.45% | 383,596 | 0.12% | $39.39 | $38.09 | $15,109,846 | $14,611,172 | -$498,674 | -3.30% |
| Nutanix Inc. (NTNX) | Equity | -58.07% | 577,392 | 0.17% | $38.01 | $61.06 | $21,946,670 | $35,255,556 | +$13,308,886 | +60.64% |
| Otis Worldwide Corp. (OTIS) | Equity | -12.23% | 2,731,635 | 1.64% | $77.08 | $72.19 | $210,554,426 | $197,196,731 | -$13,357,695 | -6.34% |
| Paycom Software Inc. (PAYC) | Equity | -58.07% | 219,457 | 0.21% | $121.54 | $168.67 | $26,672,804 | $37,015,812 | +$10,343,008 | +38.78% |
| Philip Morris International Inc. (PM) | Equity | -16.51% | 5,113,163 | 6.59% | $165.34 | $187.41 | $845,410,370 | $958,257,878 | +$112,847,508 | +13.35% |
| The Procter & Gamble Company (PG) | Equity | -1.13% | 4,199,914 | 4.73% | $144.44 | $144.97 | $606,635,578 | $608,861,533 | +$2,225,955 | +0.37% |
| Qualys Inc. (QLYS) | Equity | -65.10% | 226,077 | 0.15% | $87.85 | $154.89 | $19,860,864 | $35,017,067 | +$15,156,203 | +76.31% |
| Rollins Inc. (ROL) | Equity | -58.07% | 619,935 | 0.26% | $53.41 | $38.19 | $33,110,728 | $23,675,318 | -$9,435,410 | -28.50% |
| Stryker Corp. (SYK) | Equity | -16.98% | 3,061,416 | 7.84% | $328.59 | $341.20 | $1,005,950,683 | $1,044,555,139 | +$38,604,456 | +3.84% |
| Texas Instruments Inc. (TXN) | Equity | -0.02% | 2,623,124 | 3.97% | $194.14 | $269.04 | $509,253,293 | $705,725,281 | +$196,471,988 | +38.58% |
| Verisign Inc. (VRSN) | Equity | -58.07% | 113,467 | 0.22% | $248.36 | $298.89 | $28,180,664 | $33,914,152 | +$5,733,488 | +20.35% |
| Vertiv Holdings Co (VRT) | Equity | -77.79% | 91,254 | 0.18% | $250.58 | $263.05 | $22,866,427 | $24,004,365 | +$1,137,938 | +4.98% |
| Visa Inc. (V) | Equity | -12.18% | 3,104,090 | 7.31% | $302.24 | $365.67 | $938,180,162 | $1,135,072,590 | +$196,892,428 | +20.99% |
| Waters Corp. (WAT) | Equity | -9.72% | 3,212,075 | 7.46% | $297.80 | $374.74 | $956,555,935 | $1,203,692,986 | +$247,137,051 | +25.84% |
| Zoetis Inc. (ZTS) | Equity | -0.60% | 3,877,559 | 3.57% | $118.21 | $77.10 | $458,366,249 | $298,959,799 | -$159,406,450 | -34.78% |
| Sabre Corp. (SABR) | Equity | -58.07% | 9,013,783 | 0.10% | $1.45 | $1.97 | $13,069,985 | $17,757,153 | +$4,687,168 | +35.86% |
| Catalyst Pharmaceuticals Inc. (CPRX) | Equity | -74.88% | 844,887 | 0.16% | $24.76 | $31.49 | $20,919,402 | $26,605,492 | +$5,686,090 | +27.18% |