Qualys Inc (QLYS) is gone from Terry Smith's Fundsmith portfolio as of June 30, 2026, according to the 13F-HR filed with the SEC on August 14, 2026. A quarter earlier the position was 226K shares worth about $19.9M, or 0.15% of the reported book. QLYS had been in the portfolio for 6 years, since the quarter ended June 30, 2020.
What did the 2026 Q2 filing report for QLYS?
As of June 30, 2026, from the 13F-HR filed August 14, 2026.
| Before | After | |
|---|---|---|
| Shares | 226K | 0 |
| Reported value | $19.9M | $0 |
| Portfolio weight | 0.15% | 0% |
| Held since | 2020 Q2 | sold out in 2026 Q2 |
| Quarters held | 24 |
What did Terry Smith sell?
Terry Smith sold 226K shares of QLYS between the quarter ended March 31, 2026 and June 30, 2026. The QLYS exit was the 28th largest of the quarter's 44 position changes by percent change to portfolio.
Where does QLYS sit in the Terry Smith portfolio?
Before the sale, QLYS carried 0.15% 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 QLYS?
Terry Smith held QLYS for 6 years, from the quarter ended June 30, 2020 to March 31, 2026. The weight peaked at 0.58% in 2025 Q3. Last quarter the fund had already cut the position by 65%, so the exit finishes a two-quarter unwind. Every reported trade is on the Terry Smith QLYS trade history page.
FAQ
How many QLYS shares did Terry Smith sell?
Terry Smith sold all 226K shares of QLYS it reported a quarter earlier, worth about $19.9M.
When did Terry Smith first buy QLYS?
Terry Smith first reported QLYS in the quarter ended June 30, 2020.
How much of the Terry Smith portfolio was QLYS?
QLYS was 0.15% of the Terry Smith portfolio at the prior quarter-end, and 0% after the sale.