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

1IDXXIDEXX LABS INC8.05%Add +0.1%4,480,207$692.69M$154.61No quote
2SYKSTRYKER CORP7.92%Add +4.6%5,175,453$681.35M$131.65No quote
3MSFTMICROSOFT CORP7.81%Reduce 0.0%10,202,117$671.91M$65.86No quote
4BCRBARD C R INC7.37%Add +2.1%2,553,141$634MNo quoteNo quote
5PEPPEPSICO INC6.98%Add +7.6%5,370,205$600.71M$111.86No quote
6PMPHILIP MORRIS INTL INC6.77%Add +0.2%5,161,806$582.77M$112.90No quote
7PYPLPAYPAL HLDGS INC6.58%Add +4.5%13,161,285$566.2M$43.02No quote
8WATWATERS CORP6.23%Add +11.3%3,432,535$536.54M$156.31No quote
9DPSDR PEPPER SNAPPLE GROUP INC6.06%Add +0.5%5,329,086$521.82MNo quoteNo quote
10JNJJOHNSON & JOHNSON5.94%Add +0.0%4,104,073$511.16M$124.55No quote
11SJMSMUCKER J M CO5.50%Reduce -0.2%3,614,566$473.8M$131.08No quote
12VVISA INC5.12%Add +0.1%4,954,693$440.32M$88.87No quote
13BDXBECTON DICKINSON & CO4.89%Add +3.2%2,296,613$421.29M$183.44No quote
14ADPAUTOMATIC DATA PROCESSING IN4.77%Add +3.4%4,011,368$410.72M$102.39No quote
15MMM3M CO4.34%Reduce -0.3%1,954,349$373.93M$191.33No quote
16ELLAUDER ESTEE COS INC3.67%Add +3.8%3,727,020$316.01M$84.79No quote
17CLCOLGATE PALMOLIVE CO1.80%Add +10.3%2,123,477$154.58M$72.80No quote
18MARMARRIOTT INTL INC NEW0.20%Add +4.7%184,690$17.39M$94.18No quote