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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 17 of 19 rows. Rows without a quote are marked unavailable.

1BCRBARD C R INC8.44%Reduce -0.2%2,547,140$804.52MNo quoteNo quote
2PYPLPAYPAL HLDGS INC7.91%Add +6.8%14,051,261$754.13M$53.67No quote
3MSFTMICROSOFT CORP7.75%Add +5.1%10,720,725$738.98M$68.93No quote
4SYKSTRYKER CORP7.53%Add +0.0%5,176,005$718.33M$138.78No quote
5IDXXIDEXX LABS INC7.53%Reduce -0.8%4,446,040$717.68M$161.42No quote
6WATWATERS CORP7.39%Add +11.7%3,833,955$704.83M$183.84No quote
7PEPPEPSICO INC6.46%Reduce -0.7%5,334,959$616.13M$115.49No quote
8PMPHILIP MORRIS INTL INC6.45%Add +1.5%5,240,912$615.55M$117.45No quote
9JNJJOHNSON & JOHNSON5.66%Reduce -0.6%4,078,477$539.54M$132.29No quote
10ADPAUTOMATIC DATA PROCESSING IN5.56%Add +29.0%5,176,340$530.37M$102.46No quote
11VVISA INC5.13%Add +5.3%5,217,623$489.31M$93.78No quote
12DPSDR PEPPER SNAPPLE GROUP INC5.06%Reduce -0.7%5,291,897$482.15MNo quoteNo quote
13BDXBECTON DICKINSON & CO4.71%Add +0.3%2,302,590$449.26M$195.11No quote
14MMM3M CO4.70%Add +10.2%2,154,065$448.45M$208.19No quote
15ELLAUDER ESTEE COS INC3.87%Add +3.2%3,845,509$369.09M$95.98No quote
16SJMSMUCKER J M CO2.52%Reduce -43.5%2,043,846$240.3M$117.57No quote
17CLCOLGATE PALMOLIVE CO1.63%Reduce -0.9%2,105,319$155.2M$73.72No quote
18INTUINTUIT1.51%New1,090,434$144.46M$132.48No quote
19MARMARRIOTT INTL INC NEW0.19%Add +0.0%184,750$18.53M$100.28No quote