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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Filing period

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

Live quotes available for 39 of 43 rows. Rows without a quote are marked unavailable.


1	PYPL	PAYPAL HOLDINGS INC	9.93%	Reduce -0.1%	12,289,470	$3.58B	$291.48
2	MSFT	MICROSOFT	9.03%	Reduce -0.1%	12,035,021	$3.26B	$270.90
3	IDXX	IDEXX LABORATORIES	7.42%	Add +0.5%	4,242,462	$2.68B	$631.55
4	INTU	INTUIT INC	6.23%	Add +0.1%	4,582,899	$2.25B	$490.17
5	META	FACEBOOK	6.21%	Add +0.1%	6,440,136	$2.24B	$347.71
6	EL	ESTEE LAUDER	6.02%	Add +0.3%	6,830,510	$2.17B	$318.08
7	PM	PHILIP MORRIS INTERNATIONAL	5.32%	Reduce -0.2%	19,353,620	$1.92B	$99.11
8	SYK	STRYKER CORP	5.05%	Add +0.1%	7,014,123	$1.82B	$259.73
9	MKC	MCCORMICK & CO NON VTG SHRS	4.36%	Add +3.4%	17,804,657	$1.57B	$88.32
10	V	VISA INC CLASS A SHARES	4.24%	Add +0.7%	6,536,340	$1.53B	$233.82
11	WAT	WATERS CORP	4.22%	Add +0.3%	4,408,039	$1.52B	$345.61
12	PEP	PEPSICO INC	4.14%	Add +0.5%	10,087,220	$1.49B	$148.17
13	ADP	AUTOMATIC DATA PROCESSING	3.91%	Reduce -0.2%	7,096,900	$1.41B	$198.62
14	NKE	NIKE INC CL B	3.75%	Add +10.4%	8,755,854	$1.35B	$154.49
15	SBUX	STARBUCKS CORP	3.33%	Add +0.2%	10,746,285	$1.2B	$111.81
16	JNJ	JOHNSON & JOHNSON	3.27%	Add +7.8%	7,155,706	$1.18B	$164.74
17	BDX	BECTON DICKINSON AND CO	2.92%	Reduce -0.1%	4,328,550	$1.05B	$243.19
18	BF/B	BROWN FORMAN CORP CLASS BCUSIP 115637209	2.62%	Add +12.2%	12,595,990	$943.94M	No quote	No quote
19	CHD	CHURCH & DWIGHT INC	2.18%	Add +48.2%	9,224,122	$786.08M	$85.22
20	SABR	SABRE	0.54%	Add +4.3%	15,581,696	$194.46M	$12.48
21	FTNT	FORTINET INC	0.50%	Add +0.6%	752,030	$179.13M	$238.19
22	EFX	EQUIFAX	0.45%	Add +0.6%	679,315	$162.7M	$239.51
23	ANSS	ANSYS	0.39%	Add +12.7%	404,278	$140.31M	No quote	No quote
24	VRSK	VERISK ANALYTICS	0.38%	Add +12.8%	789,708	$137.98M	$174.72
25	CGNX	COGNEX	0.38%	Add +0.6%	1,620,130	$136.17M	$84.05
26	VRSN	VERISIGN	0.37%	Add +0.6%	588,541	$134.01M	$227.69
27	IPGP	IPG PHOTONICS	0.37%	Add +0.6%	633,458	$133.51M	$210.77
28	AOS	AO SMITH	0.35%	Add +0.6%	1,768,126	$127.41M	No quote	No quote
29	MSCI	MSCI	0.31%	Add +0.6%	209,762	$111.82M	$533.08
30	QLYS	QUALYS	0.30%	Add +0.5%	1,066,674	$107.4M	$100.69
31	MASI	MASIMO	0.29%	Add +0.6%	433,438	$105.09M	$242.45
32	WING	WINGSTOP INC	0.24%	Add +25.3%	560,949	$88.42M	$157.63
33	PAYC	PAYCOM SOFTWARE	0.22%	Add +0.6%	217,122	$78.92M	$363.47
34	ROL	ROLLINS INC	0.21%	Add +21.6%	2,240,687	$76.63M	$34.20
35	ZTS	ZOETIS INC	0.11%	Add +3.9%	220,555	$41.1M	$186.36
36	MAR	MARRIOTT INTERNATIONAL CL A	0.11%	Add +0.4%	297,432	$40.61M	$136.52
37	PG	PROCTER AND GAMBLE CO	0.11%	Add +255.0%	300,204	$40.51M	$134.93
38	MELI	MERCADOLIBRE	0.10%	-	24,225	$37.74M	$1557.77
39	TSM	TAIWAN SEMICONDUCTOR MFG LTD	0.04%	Add +9.9%	129,633	$15.58M	$120.16
40	XP	XP CLASS A	0.03%	-	253,367	$11.03M	$43.55
41	CL	COLGATE PALMOLIVE CO	0.03%	Add +1.8%	122,131	$9.94M	$81.35
42	WNS	WNS HLDGS LTD	0.03%	New	118,721	$9.48M	No quote	No quote
43	HD	HOME DEPOT INC	0.00%	Reduce -17.5%	4,345	$1.39M	$318.99