As of Q1 2026, this manager reported 34 long-equity positions worth $12.83B in aggregate.
As of Q1 2026, Terry Smith's Fundsmith held 34 long-equity positions with a reported value of $12.83B.
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This tab shows every position the manager opened, added to, reduced, or exited compared with the prior quarter, so you can see exactly what changed. The quarter shown is Q1 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| NSSC | NAPCO SEC TECHNOLOGIES INC | Reduce -78.5% | 0.12% | 383,596 | $15.11M | $39.39 | $36.56 - $47.30(26%)$41.38 -> $39.39 |
| VRT | VERTIV HOLDINGS CO | Reduce -77.8% | 0.18% | 91,254 | $22.87M | $250.58 | $158.77 - $282.05(74%)$175.61 -> $250.58 |
| CPRX | CATALYST PHARMACEUTICALS INC | Reduce -74.9% | 0.16% | 844,887 | $20.92M | $24.76 | $22.13 - $25.53(77%)$23.15 -> $24.76 |
| QLYS | QUALYS INC | Reduce -65.1% | 0.15% | 226,077 | $19.86M | $87.85 | $82.06 - $137.49(10%)$131.01 -> $87.85 |
| HD | HOME DEPOT INC | Reduce -64.3% | 0.07% | 28,611 | $9.41M | $328.89 | $320.26 - $397.63(11%)$345.82 -> $328.89 |
| MSCI | MSCI INC | Reduce -61.1% | 0.27% | 64,788 | $34.92M | $539.01 | $501.08 - $626.28(30%)$565.25 -> $539.01 |
| ROL | ROLLINS INC | Reduce -58.1% | 0.26% | 619,935 | $33.11M | $53.41 | $52.32 - $66.14(8%)$59.01 -> $53.41 |
| VRSN | VERISIGN INC | Reduce -58.1% | 0.22% | 113,467 | $28.18M | $248.36 | $208.86 - $255.64(84%)$240.53 -> $248.36 |
| PAYC | PAYCOM SOFTWARE INC | Reduce -58.1% | 0.21% | 219,457 | $26.67M | $121.54 | $104.90 - $159.85(30%)$152.40 -> $121.54 |
| CLX | CLOROX CO DEL | Reduce -58.1% | 0.21% | 257,217 | $26.66M | $103.63 | $98.75 - $128.90(16%)$100.85 -> $103.63 |
| NTNX | NUTANIX INC | Reduce -58.1% | 0.17% | 577,392 | $21.95M | $38.01 | $35.39 - $54.15(14%)$50.60 -> $38.01 |
| DOCS | DOXIMITY INC | Reduce -58.1% | 0.13% | 691,786 | $16.12M | $23.30 | $21.82 - $46.75(6%)$43.29 -> $23.30 |
| MANH | MANHATTAN ASSOCIATES INC | Reduce -58.1% | 0.13% | 120,888 | $16.09M | $133.12 | $126.00 - $179.94(13%)$167.28 -> $133.12 |
| SABR | SABRE CORP | Reduce -58.1% | 0.10% | 9,013,783 | $13.07M | $1.45 | $0.81 - $2.00(54%)$1.33 -> $1.45 |
| MEDP | MEDPACE HLDGS INC | Reduce -24.1% | 0.23% | 62,668 | $30.09M | $480.19 | $392.35 - $628.92(37%)$571.02 -> $480.19 |
| IDXX | IDEXX LABS INC | Reduce -21.9% | 6.42% | 1,465,786 | $823.61M | $561.89 | $548.51 - $726.41(8%)$669.99 -> $561.89 |
| ADMA | ADMA BIOLOGICS INC | Reduce -21.5% | 0.12% | 1,649,493 | $14.86M | $9.01 | $7.21 - $18.95(15%)$17.88 -> $9.01 |
| SYK | STRYKER CORPORATION | Reduce -17.0% | 7.84% | 3,061,416 | $1.01B | $328.59 | $319.32 - $389.33(13%)$348.18 -> $328.59 |
| PM | PHILIP MORRIS INTL INC | Reduce -16.5% | 6.59% | 5,113,163 | $845.41M | $165.34 | $153.71 - $191.30(31%)$160.30 -> $165.34 |
| GOOGL | ALPHABET INC | Reduce -15.5% | 6.63% | 2,956,198 | $850.08M | $287.56 | $272.11 - $349.00(20%)$315.15 -> $287.56 |
| MAR | MARRIOTT INTL INC NEW | Reduce -15.3% | 8.59% | 3,370,872 | $1.1B | $327.07 | $308.31 - $370.00(30%)$313.41 -> $327.07 |
| OTIS | OTIS WORLDWIDE CORP | Reduce -12.2% | 1.64% | 2,731,635 | $210.55M | $77.08 | $75.27 - $94.56(9%)$88.34 -> $77.08 |
| V | VISA INC | Reduce -12.2% | 7.31% | 3,104,090 | $938.18M | $302.24 | $294.32 - $358.62(12%)$346.48 -> $302.24 |
| WAT | WATERS CORP | Reduce -9.7% | 7.46% | 3,212,075 | $956.56M | $297.80 | $282.77 - $408.67(12%)$381.96 -> $297.80 |
| ADP | AUTOMATIC DATA PROCESSING IN | Reduce -7.7% | 6.11% | 3,855,105 | $783.28M | $203.18 | $198.59 - $268.08(7%)$252.88 -> $203.18 |
| FTNT | FORTINET INC | Reduce -5.5% | 3.92% | 6,156,675 | $503.12M | $81.72 | $73.55 - $88.60(54%)$77.88 -> $81.72 |
| META | META PLATFORMS INC | Reduce -3.1% | 5.89% | 1,321,375 | $756M | $572.13 | $520.26 - $744.00(23%)$650.41 -> $572.13 |
| MTD | METTLER TOLEDO INTERNATIONAL | Reduce -2.1% | 5.59% | 568,516 | $717.01M | $1261.20 | $1162.77 - $1514.42(28%)$1411.39 -> $1261.20 |
| CHD | CHURCH & DWIGHT CO INC | Reduce -1.3% | 4.83% | 6,641,508 | $619.79M | $93.32 | $81.57 - $106.04(48%)$82.64 -> $93.32 |
| PG | PROCTER & GAMBLE CO | Reduce -1.1% | 4.73% | 4,199,914 | $606.64M | $144.44 | $137.62 - $167.25(23%)$141.79 -> $144.44 |
| BMI | BADGER METER INC | New | 0.17% | 142,491 | $21.71M | $152.35 | $139.14 - $182.23(31%)$176.39 -> $152.35 |
| GGG | GRACO INC | Sold | — | 0 | $0 | — | - |
| INTU | INTUIT | Sold | — | 0 | $0 | — | - |
| NKE | NIKE INC | Sold | — | 0 | $0 | — | - |
| ODD | ODDITY TECH LTD | Sold | — | 0 | $0 | — | - |
| ZTS | ZOETIS INC | Reduce -0.6% | 3.57% | 3,877,559 | $458.37M | $118.21 | $113.29 - $132.49(26%)$125.92 -> $118.21 |
| TXN | TEXAS INSTRS INC | Reduce -0.0% | 3.97% | 2,623,124 | $509.25M | $194.14 | $174.91 - $231.32(34%)$177.52 -> $194.14 |
| MSFT | MICROSOFT CORP | Reduce -0.0% | 6.00% | 2,079,737 | $769.86M | $370.17 | $356.28 - $489.70(10%)$472.94 -> $370.17 |