Terry Smith - Fundsmith
As of Q2 2026, Terry Smith reported 41 long-equity positions worth $13.65B in aggregate.
Copy-investor backtest
- Latest quarter
- +9.13%
- 1-year
- +5.28%
- 3-year
- +33.99%
- 5-year
- +13.82%
- 3-year vs S&P 500
- -39.25%
- 5-year vs S&P 500
- -60.27%
- 5-year top 5
- -13.81%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
Get email alerts when Terry Smith files a new 13F — sign in or create a free account.
Buys
These are the positions the manager opened or added to this quarter, showing where they put more money to work. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| UBER | UBER TECHNOLOGIES INC | New | 4.73% | 8,943,151 | $645.34M | $72.16 | $67.19 - $80.83(36%)$71.71 -> $72.16 |
| MA | MASTERCARD INCORPORATED | New | 4.68% | 1,245,051 | $639.46M | $513.60 | $464.52 - $534.21(70%)$491.65 -> $513.60 |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | New | 4.02% | 1,148,449 | $548.46M | $477.57 | $326.80 - $479.00(99%)$341.49 -> $477.57 |
| NFLX | NETFLIX INC. | New | 3.66% | 6,990,345 | $499.11M | $71.40 | $70.86 - $108.95(1%)$95.55 -> $71.40 |
| GEV | GE VERNOVA INC | New | 3.53% | 409,835 | $481.5M | $1174.86 | $856.05 - $1181.95(98%)$894.78 -> $1174.27 |
| APP | APPLOVIN CORP | New | 2.63% | 696,568 | $358.89M | $515.23 | $364.64 - $622.00(59%)$387.84 -> $516.43 |
| TJX | TJX COS INC NEW | New | 2.52% | 2,272,592 | $344.3M | $151.50 | $146.14 - $170.00(22%)$162.03 -> $151.50 |
| NXT | NEXTPOWER INC | New | 2.49% | 2,856,092 | $340.27M | $119.14 | $103.73 - $163.13(26%)$120.38 -> $119.14 |
| VEEV | VEEVA SYS INC | New | 1.06% | 816,785 | $144.95M | $177.47 | $148.05 - $191.97(67%)$172.74 -> $177.47 |
| YUM | YUM BRANDS INC | New | 0.65% | 556,107 | $88.9M | $159.86 | $145.44 - $164.16(77%)$153.70 -> $159.86 |
| FICO | FAIR ISAAC CORP | New | 0.16% | 17,953 | $21.45M | $1194.78 | $870.01 - $1323.35(72%)$1061.99 -> $1194.95 |
| IDCC | INTERDIGITAL INC | New | 0.13% | 60,324 | $17.08M | $283.13 | $249.14 - $301.84(64%)$260.37 -> $283.13 |
| ORLY | OREILLY AUTOMOTIVE INC | New | 0.11% | 162,691 | $14.98M | $92.09 | $84.76 - $100.63(46%)$92.10 -> $92.09 |
| NSSC | NAPCO SEC TECHNOLOGIES INC | Add +58.2% | 0.17% | 606,974 | $23.05M | $37.98 | $34.31 - $47.20(28%)$39.45 -> $37.98 |
| MANH | MANHATTAN ASSOCIATES INC | Add +43.1% | 0.18% | 172,977 | $24.09M | $139.25 | $119.06 - $162.77(46%)$134.30 -> $139.25 |
| BMI | BADGER METER INC | Add +22.6% | 0.19% | 174,627 | $25.91M | $148.38 | $112.09 - $162.44(72%)$154.21 -> $148.49 |
| CLX | CLOROX CO DEL | Add +5.5% | 0.19% | 271,318 | $25.89M | $95.44 | $84.70 - $108.89(44%)$104.24 -> $95.43 |