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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.

1PYPLPAYPAL HLDGS INC9.13%New14,461,577$1.06B$73.62No quote
2MSFTMICROSOFT CORP8.13%Add +0.1%11,091,160$948.74M$85.54No quote
3DPSDR PEPPER SNAPPLE GROUP INC7.27%Add +16.7%8,742,447$848.54MNo quoteNo quote
4WATWATERS CORP7.23%Add +0.2%4,365,313$843.34M$193.19No quote
5BCRBARD C R INC7.05%Reduce -1.8%2,483,956$822.79MNo quoteNo quote
6SYKSTRYKER CORP6.82%Reduce -0.7%5,138,240$795.61M$154.84No quote
7PMPHILIP MORRIS INTL INC6.80%Add +20.1%7,507,597$793.18M$105.65No quote
8PEPPEPSICO INC5.97%Add +4.4%5,803,600$695.97M$119.92No quote
9IDXXIDEXX LABORATORIES5.90%Reduce -76.2%4,404,756$688.82M$156.38No quote
10VVISA INC5.60%Add +9.9%5,732,658$653.64M$114.02No quote
11ADPAUTOMATIC DATA PROCESSING IN5.55%Reduce -0.5%5,523,192$647.26M$117.19No quote
12MMM3M CO5.43%Add +2.8%2,689,620$633.06M$235.37No quote
13JNJJOHNSON & JOHNSON5.19%Reduce -1.0%4,331,856$605.25M$139.72No quote
14BDXBECTON DICKINSON & CO4.22%-2,301,915$492.75M$214.06No quote
15ELLAUDER ESTEE COS INC4.19%-3,844,901$489.23M$127.24No quote
16INTUINTUI INC3.73%Add +26.2%2,757,670$435.11M$157.78No quote
17CLCOLGATE PALMOLIVE CO1.61%Add +0.7%2,495,261$188.27M$75.45No quote
18MARMARRIOTT INTL INC NEW0.16%Reduce -24.4%139,695$18.96M$135.73No quote