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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 19 rows. Rows without a quote are marked unavailable.

1IDXXPAYPAL HLDGS INC15.34%Add +315.9%18,492,918$1.58B$85.66No quote
2MSFTMICROSOFT CORP7.92%Add +3.3%11,076,335$817.99M$73.85No quote
3BCRBARD7.82%Reduce -0.7%2,528,269$807.23MNo quoteNo quote
4WATWATERS CORP7.54%Add +13.6%4,355,756$778.55M$178.74No quote
5SYKSTRYKER CORP7.02%Reduce -0.0%5,174,629$725.48M$140.20No quote
6PMPHILIP MORRIS INT INC6.77%Add +19.3%6,251,789$698.89M$111.79No quote
7DPSDR PEPPER SNAPPLE GROUP INC6.41%Add +41.5%7,489,891$661.73MNo quoteNo quote
8PEPPEPSICO INC6.02%Add +4.2%5,560,322$621.7M$111.81No quote
9ADPAUTOMATIC DATA PROCESSING5.86%Add +7.3%5,553,237$605.41M$109.02No quote
10JNJJOHNSON & JOHNSON5.48%Add +7.3%4,374,191$566.06M$129.41No quote
11MMM3M CO5.31%Add +21.4%2,615,924$548.14M$209.54No quote
12VVISA INC5.28%Reduce -0.0%5,216,150$545.35M$104.55No quote
13BDXBECTON DICKINSON AND CO4.32%Reduce -0.0%2,301,915$445.65M$193.60No quote
14ELLAUDER ESTEE COS INC3.96%Reduce -0.0%3,844,901$408.87M$106.34No quote
15INTUINTUIT3.01%Add +100.4%2,184,854$310.91M$142.30No quote
16CLCOLGATE PALMOLIVE CO1.75%Add +17.7%2,477,902$181.23M$73.14No quote
17MARMARRIOTT INTL INC NE0.20%Reduce -0.0%184,690$20.32M$110.00No quote
19SJMSMUCKER J M CO-Sold0$0No quoteNo quote
18PYPLPAYPAL HLDGS INC-Sold0$0No quoteNo quote