Terry Smith
Fundsmith
A British manager holding quality stocks by the rule "buy good companies, don't overpay, do nothing".
- Period
- Q2 2026 As of Jun 30, 2026
- Filed
- Aug 14, 2026
- Positions
- 41
- Source
- SEC Filing
Largest Positions
MARMarriott International Inc7.0%$958 MTrimmed− 23%
SYKStryker Corp6.7%$917 MTrimmed− 5%
WATWaters Corp6.2%$853 MTrimmed− 29%
VVisa Inc.5.1%$693 MTrimmed− 35%
UBERUber Technologies, Inc.4.7%$645 MNew
MAMastercard Inc4.7%$639 MNew
GOOGLAlphabet Inc.4.6%$634 MTrimmed− 40%
CHDChurch & Dwight Co Inc4.6%$626 MTrimmed− 3%
Remaining 33 Positions 56.3%
What They Did This Quarter
New13
Added4
- NSSCNAPCO SEC TECHNOLOGIES INC+ 58%$23.1 M
- MANHMANHATTAN ASSOCIATES INC+ 43%$24.1 M
- BMIBADGER METER INC+ 23%$25.9 M
CLXClorox Co+ 5%$25.9 M
Trimmed21
Sold Out6
MTDMettler-Toledo International Inc.$717 M
ZTSZoetis Inc$458 M
OTISOtis Worldwide Corporation$211 M- CATALYST PHARMACEUTICALS INCCATALYST PHARMACEUTICALS INC$20.9 M
- QLYSQUALYS INC$19.9 M
- +1 More
All Positions · 41
| Rank | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|
| 1 | MARMarriott International Inc | 2.59 M | $958 M | 7.0% | Trimmed− 23% |
| 2 | SYKStryker Corp | 2.91 M | $917 M | 6.7% | Trimmed− 5% |
| 3 | WATWaters Corp | 2.27 M | $853 M | 6.2% | Trimmed− 29% |
| 4 | VVisa Inc. | 2.02 M | $693 M | 5.1% | Trimmed− 35% |
| 5 | UBERUber Technologies, Inc. | 8.94 M | $645 M | 4.7% | New |
| 6 | MAMastercard Inc | 1.25 M | $639 M | 4.7% | New |
| 7 | GOOGLAlphabet Inc. | 1.77 M | $634 M | 4.6% | Trimmed− 40% |
| 8 | CHDChurch & Dwight Co Inc | 6.46 M | $626 M | 4.6% | Trimmed− 3% |
| 9 |  PGThe Procter & Gamble Company | 4.08 M | $598 M | 4.4% | Trimmed− 3% |
| 10 |  MSFTMicrosoft Corporation | 1.60 M | $596 M | 4.4% | Trimmed− 23% |
| 11 |  METAMeta Platforms, Inc. | 1.05 M | $593 M | 4.3% | Trimmed− 20% |
| 12 |  ADPAutomatic Data Processing Inc | 2.60 M | $583 M | 4.3% | Trimmed− 33% |
| 13 |  FTNTFortinet, Inc. | 3.63 M | $558 M | 4.1% | Trimmed− 41% |
| 14 |  TSMTaiwan Semiconductor Manufacturing Co Ltd | 1.15 M | $548 M | 4.0% | New |
| 15 |  IDXXIDEXX Laboratories Inc | 1.02 M | $537 M | 3.9% | Trimmed− 30% |
| 16 |  TXNTexas Instruments Inc | 1.80 M | $536 M | 3.9% | Trimmed− 31% |
| 17 |  PMPhilip Morris International Inc. | 2.91 M | $527 M | 3.9% | Trimmed− 43% |
| 18 |  NFLXNetflix, Inc. | 6.99 M | $499 M | 3.7% | New |
| 19 |  GEVGE Vernova Inc | 409,835 | $481 M | 3.5% | New |
| 20 |  APPApplovin Corp | 696,568 | $359 M | 2.6% | New |
| 21 |  TJXTJX Companies Inc | 2.27 M | $344 M | 2.5% | New |
| 22 | NXTNEXTPOWER INC | 2.86 M | $340 M | 2.5% | New |
| 23 |  VEEVVeeva Systems Inc | 816,785 | $145 M | 1.1% | New |
| 24 |  YUMYum! Brands Inc | 556,107 | $88.9 M | 0.65% | New |
| 25 |  MSCIMSCI Inc | 53,580 | $30.0 M | 0.22% | Trimmed− 17% |
Recent Quarters
- $25.3 BQ3 202440 Positions
- $23.5 BQ4 202438 Positions
- $22.0 BQ1 202538 Positions
- $23.0 BQ2 202539 Positions
- $19.8 BQ3 202535 Positions
- $17.1 BQ4 202537 Positions
- $12.8 BQ1 202634 Positions
- $13.6 BQ2 202641 Positions
Each bar is the stock portfolio at that quarter's end; options not included.
Not Investment Advice
This screen shows public filings. Copying these investors' trades is not a recommendation; the data is weeks or even months late and does not show the whole position.
A 13F only shows long positions and options traded in the US; short sales, cash and foreign shares are not visible. The filing can come up to 45 days after quarter end.
Buys and sells are computed from the SHARE COUNT difference between two consecutive filings; price changes are not counted as buying. Stock splits are removed from the counts.
Photo: The Money Maze Podcast · Cropped
SEC EDGARFiled Aug 14, 2026 · As of Jun 30, 2026
To Understand This