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.

Get email alerts when Terry Smith files a new 13F — sign in or create a free account.

Filing period

Updated 2026-06-06 from SEC 13F data.

Live quotes available for 36 of 40 rows. Rows without a quote are marked unavailable.


1	PYPL	PAYPAL HOLDINGS INC	9.57%	Reduce -0.2%	12,333,741	$2.89B	$234.20
2	MSFT	MICROSOFT	8.90%	Add +1.2%	12,072,338	$2.69B	$222.42
3	IDXX	IDEXX LABORATORIES	7.00%	Reduce -0.1%	4,226,428	$2.11B	$499.87
4	EL	ESTEE LAUDER	5.99%	Reduce -0.2%	6,786,727	$1.81B	$266.19
5	META	FACEBOOK	5.81%	Reduce -0.1%	6,418,874	$1.75B	$273.16
6	INTU	INTUIT INC	5.78%	Reduce -0.1%	4,587,585	$1.74B	$379.85
7	SYK	STRYKER CORP	5.39%	Add +5.7%	6,634,893	$1.63B	$245.04
8	PM	PHILIP MORRIS INTERNATIONAL	5.34%	Reduce -0.2%	19,467,941	$1.61B	$82.79
9	MKC	MCCORMICK & CO NON VTG SHRS	5.11%	Add +7.0%2:1 split	16,133,793	$1.54B	$95.60
10	PEP	PEPSICO INC	4.74%	Add +8.3%	9,648,806	$1.43B	$148.30
11	V	VISA INC CLASS A SHARES	4.44%	Reduce -0.2%	6,122,231	$1.34B	$218.73
12	ADP	AUTOMATIC DATA PROCESSING	4.14%	Add +2.4%	7,087,617	$1.25B	$176.20
13	SBUX	STARBUCKS CORP	3.70%	Add +0.6%	10,441,081	$1.12B	$106.98
14	NKE	NIKE INC CL B	3.63%	Reduce -0.2%	7,733,544	$1.09B	$141.47
15	WAT	WATERS CORP	3.62%	Add +2.7%	4,409,835	$1.09B	$247.42
16	BDX	BECTON DICKINSON AND CO	3.60%	Add +0.1%	4,345,415	$1.09B	$250.22
17	JNJ	JOHNSON & JOHNSON	3.33%	Reduce -0.3%	6,392,509	$1.01B	$157.38
18	BF/B	BROWN FORMAN CORP CLASS BCUSIP 115637209	2.70%	Add +0.0%	10,255,848	$814.62M	No quote	No quote
19	CHD	CHURCH & DWIGHT INC	1.63%	New	5,631,204	$491.21M	$87.23
20	SABR	SABRE	0.54%	Add +34.1%	13,615,381	$163.66M	$12.02
21	IPGP	IPG PHOTONICS	0.47%	Add +0.1%	627,344	$140.39M	$223.79
22	ANSS	ANSYS	0.43%	Add +6.6%	357,103	$129.91M	No quote	No quote
23	EFX	EQUIFAX	0.43%	Add +16.6%	672,758	$129.74M	$192.84
24	CGNX	COGNEX	0.43%	Add +0.1%	1,604,491	$128.82M	$80.29
25	VRSK	VERISK ANALYTICS	0.42%	Add +0.1%	608,148	$126.25M	$207.59
26	MASI	MASIMO	0.38%	Add +0.1%	429,254	$115.2M	$268.38
27	QLYS	QUALYS	0.38%	Add +14.8%	933,787	$113.8M	$121.87
28	FTNT	FORTINET INC	0.37%	Add +250.6%	744,771	$110.62M	$148.53
29	VRSN	VERISIGN	0.36%	Add +16.1%	498,577	$107.89M	$216.40
30	PAYC	PAYCOM SOFTWARE	0.32%	Add +0.1%	215,026	$97.25M	$452.25
31	MSCI	MSCI	0.31%	Add +0.1%	207,737	$92.76M	$446.53
32	AOS	AO SMITH	0.27%	Add +0.1%	1,489,317	$81.64M	No quote	No quote
33	MELI	MERCADOLIBRE	0.16%	Reduce -5.0%	28,500	$47.74M	$1675.23
34	MAR	MARRIOTT INTERNATIONAL CL A	0.12%	Reduce -0.6%	277,920	$36.66M	$131.92
35	ZTS	ZOETIS INC	0.07%	New	121,003	$20.03M	$165.50
36	TSM	TAIWAN SEMICONDUCTOR MFG LTD	0.04%	New	117,981	$12.87M	$109.04
37	XP	XP CLASS A	0.03%	-	253,367	$10.05M	$39.67
38	CL	COLGATE PALMOLIVE CO	0.03%	Add +4.5%	112,079	$9.58M	$85.51
39	PG	PROCTER AND GAMBLE CO	0.02%	New	38,171	$5.31M	$139.14
40	CHKP	CHECK POINT SOFTWARE TECH	-	Sold	0	$0	No quote	No quote