Terry Smith
Fundsmith
Fundsmith Portfolio 13F
Terry Smith Holdings Activity
- Portfolio value:
- $17.12B≈ (-$3B≈)
- Previous value:
- $19.80B≈
- # of changes:
- 28
- New positions:
- 2
- Reported for:
- 31 Dec 2025 (Q4)
- Latest filing date:
- 17 Feb 2026
Fundsmith has disclosed a total of 28 changes to the portfolio in the (2025 Q4) SEC report(s): increased the number of shares of 4, bought 2 totally new and decreased the number of shares of 22 position(s).
What stocks did Terry Smith buy in 2025 Q4?
During 2025 Q4 Terry Smith has bought 6 securities out of which top 5 purchases (by % change to portfolio) were (ZTS) Zoetis Inc (added shares +7.90%), (INTU) Intuit Inc (added shares +3.50%), (ODD) ODDITY TECH LTD, CL-A (added shares +46.38%), (DOCS) Doximity Inc (added shares +21.69%) and (NTNX) Nutanix Inc (new buy).
In the 2025 Q4 report(s) the following changes have been made to the top investments: (WAT) Waters Corp (reduced shares -10.05%), (SYK) Stryker Corp (reduced shares -19.68%), (IDXX) IDEXX Laboratories Inc (reduced shares -28.13%), (V) Visa Inc, CL-A (reduced shares -8.29%) and (MAR) Marriott International Inc (reduced shares -5.87%).
28 results
| History | Ticker | Name |
% or activity |
Shares change |
Shares held after* |
% change to portfolio |
Reported price* |
% difference current price* |
% of portfolio |
Held since* | Held for* |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Nutanix Inc
|
new
|
+1,377,158
|
1,377,158
|
+0.42%
|
$51.69
|
+14.35%($59.11)
|
0.42%
|
2025 Q4
|
≈ 0.25 years
|
|
|
|
ADMA Biologics Inc
|
new
|
+2,102,054
|
2,102,054
|
+0.22%
|
$18.24
|
-52.33%($8.70)
|
0.22%
|
2025 Q4
|
≈ 0.25 years
|
|
|
|
ODDITY TECH LTD, CL-A
|
+46.38%
|
+657,211
|
2,074,167
|
+0.15%
|
$40.18
|
-57.42%($17.11)
|
0.49%
|
2023 Q3
|
≈ 2.50 years
|
|
|
|
Doximity Inc
|
+21.69%
|
+294,058
|
1,650,002
|
+0.08%
|
$44.28
|
-51.42%($21.51)
|
0.43%
|
2024 Q4
|
≈ 1.25 years
|
|
|
|
Zoetis Inc
|
+7.90%
|
+285,672
|
3,900,803
|
+0.21%
|
$125.82
|
-37.88%($78.16)
|
2.87%
|
2020 Q4
|
≈ 5.25 years
|
|
|
|
Intuit Inc
|
+3.50%
|
+21,163
|
625,619
|
+0.08%
|
$662.42
|
-52.08%($317.46)
|
2.42%
|
2025 Q1
|
≈ 1.00 year
|
|
|
|
Church & Dwight Company Inc
|
-0.97%
|
-66,240
|
6,728,404
|
-0.03%
|
$83.85
|
+19.83%($100.48)
|
3.30%
|
2020 Q4
|
≈ 5.25 years
|
|
|
|
Mettler-Toledo International Inc
|
-1.72%
|
-10,147
|
580,507
|
-0.07%
|
$1,394.19
|
-0.81%($1,382.83)
|
4.73%
|
2022 Q1
|
≈ 4.00 years
|
|
|
|
Automatic Data Processing Inc
|
-3.10%
|
-133,634
|
4,177,969
|
-0.17%
|
$257.23
|
+3.64%($266.60)
|
6.28%
|
2013 Q2 or earlier
|
≈ 12.75+ years
|
|
|
|
Texas Instruments Incorporated
|
-3.61%
|
-98,329
|
2,623,552
|
-0.09%
|
$173.49
|
+60.50%($278.46)
|
2.66%
|
2024 Q1
|
≈ 2.00 years
|
|
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
* Current price: this can be a delayed price and may not reflect the real-time market value, however it is too close.
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* Held since / Held for: calculated since the latest "new buy" position. If the security was previously exited and re-entered, only the most recent holding period is counted.