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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 14 of 18 rows. Rows without a quote are marked unavailable.

1MSFTMICROSOFT CORP9.35%Add +4.4%7,860,330$434.13M$55.23No quote
2SYKSTRYKER CORP8.33%Add +12.7%3,605,529$386.84M$107.29No quote
3PMPHILIP MORRIS INTL INC8.27%Add +8.2%3,913,280$383.93M$98.11No quote
4BCRBARD C R INC7.69%Add +11.0%1,762,031$357.11MNo quoteNo quote
5IDXXIDEXX LABS INC7.10%Add +69.0%4,210,679$329.78M$78.32No quote
6JNJJOHNSON & JOHNSON6.95%Add +5.1%2,985,161$322.99M$108.20No quote
7DPSDR PEPPER SNAPPLE GROUP INC6.93%Add +1.3%3,601,159$322.02MNo quoteNo quote
8PEPPEPSICO INC6.87%Add +0.9%3,115,986$319.33M$102.48No quote
9VVISA INC6.46%Add +40.5%3,922,506$299.99M$76.48No quote
10SJMSMUCKER J M CO5.73%Add +170.5%2,050,979$266.3M$129.84No quote
11ADPAUTOMATIC DATA PROCESSING IN5.60%Add +17.7%2,899,555$260.12M$89.71No quote
12MMM3M CO5.39%-1,503,516$250.53M$166.63No quote
13BDXBECTON DICKINSON & CO5.28%Add +2.0%1,614,464$245.11M$151.82No quote
14WATWATERS CORP4.17%Add +27.3%1,467,530$193.6M$131.92No quote
15PYPLPAYPAL HLDGS INC3.84%Add +8.7%4,620,093$178.34M$38.60No quote
16CLCOLGATE PALMOLIVE CO1.96%-1,293,729$90.9M$70.26No quote
17DNKNDUNKIN BRANDS GROUP INC0.09%-89,269$4.21MNo quoteNo quote
18PGPROCTER & GAMBLE CO-Sold0$0No quoteNo quote