Terry Smith
Fundsmith
Fundsmith Portfolio 13F
Terry Smith Holdings Activity
- Portfolio value:
- $12.83B~ (-$4B~)
- Previous value:
- $17.12B~
- # of changes:
- 38
- New positions:
- 1
- Reported for:
- 31 Mar 2026 (Q1)
- Latest filing date:
- 15 May 2026
Fundsmith has disclosed a total of 38 changes to the portfolio in the (2026 Q1) SEC report(s): bought 1 totally new, decreased the number of shares of 33 and completely sold out 4 position(s).
What stocks did Terry Smith buy in 2026 Q1?
During 2026 Q1 Terry Smith has bought (BMI) Badger Meter Inc (new buy).
In the 2026 Q1 report(s) the following changes have been made to the top investments: (MAR) Marriott International Inc (reduced shares -15.30%), (SYK) Stryker Corp (reduced shares -16.98%), (WAT) Waters Corp (reduced shares -9.72%), (V) Visa Inc, CL-A (reduced shares -12.18%) and (GOOGL) Alphabet Inc, CL-A (reduced shares -15.50%).
38 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* |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Badger Meter Inc
|
new
|
+142,491
|
142,491
|
+0.17%
|
$152.35
|
-15.77%($128.33)
|
0.17%
|
2026 Q1
|
~0.25 years
|
|
|
|
Microsoft Corp
|
-0.01%
|
-234
|
2,079,737
|
-0%
|
$370.17
|
+29.53%($479.49)
|
6.00%
|
2018 Q3
|
~7.75 years
|
|
|
|
Texas Instruments Incorporated
|
-0.02%
|
-428
|
2,623,124
|
-0%
|
$194.14
|
+46.36%($284.15)
|
3.97%
|
2024 Q1
|
~2.25 years
|
|
|
|
Zoetis Inc
|
-0.60%
|
-23,244
|
3,877,559
|
-0.02%
|
$118.21
|
-38.64%($72.53)
|
3.57%
|
2020 Q4
|
~5.50 years
|
|
|
|
Procter & Gamble Company
|
-1.13%
|
-48,134
|
4,199,914
|
-0.04%
|
$144.44
|
-1.11%($142.84)
|
4.73%
|
2020 Q4
|
~5.50 years
|
|
|
|
Church & Dwight Company Inc
|
-1.29%
|
-86,896
|
6,641,508
|
-0.05%
|
$93.32
|
+5.17%($98.14)
|
4.83%
|
2020 Q4
|
~5.50 years
|
|
|
|
Mettler-Toledo International Inc
|
-2.07%
|
-11,991
|
568,516
|
-0.09%
|
$1,261.20
|
+13.04%($1,425.61)
|
5.59%
|
2022 Q1
|
~4.25 years
|
|
|
|
Meta Platforms Inc
|
-3.09%
|
-42,164
|
1,321,375
|
-0.14%
|
$572.13
|
-1.13%($565.67)
|
5.89%
|
2018 Q1
|
~8.25 years
|
|
|
|
Fortinet Inc
|
-5.51%
|
-359,336
|
6,156,675
|
-0.17%
|
$81.72
|
+91.81%($156.75)
|
3.92%
|
2020 Q3
|
~5.75 years
|
|
|
|
Automatic Data Processing Inc
|
-7.73%
|
-322,864
|
3,855,105
|
-0.38%
|
$203.18
|
+31.10%($266.37)
|
6.11%
|
2013 Q2*
|
~13.00+ 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. 2013 Q2 is the earliest period we have data for, so "2013 Q2*" means "2013 Q2 or earlier".