Terry Smith's Fundsmith exited Otis Worldwide Corp (OTIS) during 2026 Q2, according to the 13F-HR filed with the SEC on August 14, 2026, selling all 2.73M shares. The position had been worth about $210.6M at the prior quarter-end and carried 1.64% of the book. OTIS had been in the portfolio for about 4 years, since the quarter ended September 30, 2022.
What did the 2026 Q2 filing report for OTIS?
As of June 30, 2026, from the 13F-HR filed August 14, 2026.
| Before | After | |
|---|---|---|
| Shares | 2.73M | 0 |
| Reported value | $210.6M | $0 |
| Portfolio weight | 1.64% | 0% |
| Held since | 2022 Q3 | sold out in 2026 Q2 |
| Quarters held | 15 |
What did Terry Smith sell?
Terry Smith sold 2.73M shares of OTIS between the quarter ended March 31, 2026 and June 30, 2026. The OTIS exit was the 20th largest of the quarter's 44 position changes by percent change to portfolio.
Where does OTIS sit in the Terry Smith portfolio?
Before the sale, OTIS carried 1.64% of the Terry Smith portfolio, below the fund's average stock position of 2%. The largest stock position is MAR at 7.02%. Next come SYK at 6.72% and WAT at 6.25%. The three largest stocks together are 19.99% of the book. Across the 2026 Q2 portfolio, Terry Smith reported 41 stock positions, with 13 opened and 6 closed. The total portfolio value is about $13.6B, up 6% from the prior quarter.
How long has Terry Smith held OTIS?
Terry Smith held OTIS for about 4 years, from the quarter ended September 30, 2022 to March 31, 2026. The weight peaked at 2.76% in 2025 Q1. Last quarter the fund had already cut the position by 12%, so the exit finishes a two-quarter unwind. Every reported trade is on the Terry Smith OTIS trade history page.
FAQ
How many OTIS shares did Terry Smith sell?
Terry Smith sold all 2.73M shares of OTIS it reported a quarter earlier, worth about $210.6M.
When did Terry Smith first buy OTIS?
Terry Smith first reported OTIS in the quarter ended September 30, 2022.
How much of the Terry Smith portfolio was OTIS?
OTIS was 1.64% of the Terry Smith portfolio at the prior quarter-end, and 0% after the sale.