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Focused investors/Terry Smith

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.

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Updated 2026-06-06 from SEC 13F data.

Live quotes available for 15 of 21 rows. Rows without a quote are marked unavailable.

1MSFTMICROSOFT CORP10.49%-7,531,685$417.86M$55.48No quote
2DPSDR PEPPER SNAPPLE GROUP INC8.32%-3,553,749$331.21MNo quoteNo quote
3PMPHILIP MORRIS INTL INC7.99%Add +14.0%3,616,490$317.93M$87.91No quote
4PEPPEPSICO INC7.75%Add +4.1%3,087,414$308.49M$99.92No quote
5BCRBARD C R INC7.54%Add +12.8%1,587,842$300.39MNo quoteNo quote
6SYKSTRYKER CORP7.47%Add +9.5%3,198,463$297.27M$92.94No quote
7JNJJOHNSON & JOHNSON7.33%Add +5.3%2,840,028$291.73M$102.72No quote
8BDXBECTON DICKINSON & CO6.13%-1,582,864$243.9M$154.09No quote
9MMM3M CO5.69%-1,503,516$226.49M$150.64No quote
10VVISA INC5.44%Add +7.1%2,791,621$216.49M$77.55No quote
11ADPAUTOMATIC DATA PROCESSING IN5.24%Add +19.7%2,464,152$208.76M$84.72No quote
12IDXXIDEXX LABS INC4.56%Add +182.9%2,491,168$181.66M$72.92No quote
13WATWATERS CORP3.90%Add +44.5%1,153,182$155.2M$134.58No quote
14PYPLPAYPAL HLDGS INC3.87%Reduce -0.4%4,251,886$153.92M$36.20No quote
15PGPROCTER & GAMBLE CO3.70%-1,870,102$147.23M$78.73No quote
16SJMSMUCKER J M CO2.35%New758,133$93.51M$123.34No quote
17CLCOLGATE PALMOLIVE CO2.15%Add +3.6%1,293,729$85.66M$66.21No quote
18DNKNDUNKIN BRANDS GROUP INC0.10%Add +11.4%89,269$3.8MNo quoteNo quote
21MARMARRIOT INTL INC NEW-Sold0$0No quoteNo quote
20EBAYEBAY INC-Sold0$0No quoteNo quote
19DPZDOMINOS PIZZA INC-Sold0$0No quoteNo quote