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 45 rows. Rows without a quote are marked unavailable.


1	MSFT	MICROSOFT	9.38%	Reduce -0.0%	12,034,366	$3.39B	$281.92
2	PYPL	PAYPAL HOLDINGS INC	8.84%	Reduce -0.0%	12,288,820	$3.2B	$260.21
3	IDXX	IDEXX LABORATORIES	7.29%	Reduce -0.0%	4,242,202	$2.64B	$621.90
4	INTU	INTUIT INC	6.84%	Reduce -0.0%	4,582,539	$2.47B	$539.51
5	META	FACEBOOK	6.04%	-	6,440,136	$2.19B	$339.39
6	EL	ESTEE LAUDER	5.67%	Add +0.0%	6,831,752	$2.05B	$299.93
7	SYK	STRYKER CORP	5.12%	Add +0.0%	7,015,492	$1.85B	$263.72
8	PM	PHILIP MORRIS INTERNATIONAL	5.07%	-	19,353,620	$1.83B	$94.79
9	WAT	WATERS CORP	4.46%	Add +2.3%	4,511,194	$1.61B	$357.30
10	PEP	PEPSICO INC	4.20%	Add +0.1%	10,092,652	$1.52B	$150.41
11	MKC	MCCORMICK & CO NON VTG SHRS	4.19%	Add +5.1%	18,713,629	$1.52B	$81.03
12	V	VISA INC CLASS A SHARES	4.06%	Add +0.9%	6,595,049	$1.47B	$222.75
13	ADP	AUTOMATIC DATA PROCESSING	3.92%	Reduce -0.0%	7,096,134	$1.42B	$199.92
14	NKE	NIKE INC CL B	3.52%	Add +0.1%	8,764,739	$1.27B	$145.23
15	AMZN	AMAZON COM INC	3.34%	New	367,861	$1.21B	$3285.04
16	SBUX	STARBUCKS CORP	3.28%	Reduce -0.0%	10,745,026	$1.19B	$110.31
17	JNJ	JOHNSON & JOHNSON	3.22%	Add +0.7%	7,203,569	$1.16B	$161.50
18	BF/B	BROWN FORMAN CORP CLASS BCUSIP 115637209	2.67%	Add +14.5%	14,422,611	$966.46M	No quote	No quote
19	CHD	CHURCH & DWIGHT INC	2.52%	Add +19.5%	11,022,496	$910.13M	$82.57
20	SABR	SABRE	0.66%	Add +29.0%	20,093,468	$237.91M	$11.84
21	FTNT	FORTINET INC	0.51%	Reduce -15.6%	634,415	$185.28M	$292.04
22	EFX	EQUIFAX	0.48%	Add +0.4%	681,754	$172.77M	$253.42
23	VRSK	VERISK ANALYTICS	0.44%	Add +0.3%	792,510	$158.72M	$200.27
24	ANSS	ANSYS	0.44%	Add +14.9%	464,652	$158.19M	No quote	No quote
25	VRSN	VERISIGN	0.39%	Add +17.8%	693,291	$142.13M	$205.01
26	CGNX	COGNEX	0.36%	Add +0.4%	1,625,987	$130.44M	$80.22
27	MSCI	MSCI	0.35%	Add +0.4%	210,520	$128.07M	$608.34
28	IPGP	IPG PHOTONICS	0.35%	Add +26.1%	798,462	$126.48M	$158.40
29	QLYS	QUALYS	0.33%	Add +0.4%	1,070,513	$119.14M	$111.29
30	MASI	MASIMO	0.33%	Add +0.4%	435,010	$117.76M	$270.71
31	AOS	AO SMITH	0.30%	Add +0.4%	1,774,515	$108.37M	No quote	No quote
32	PAYC	PAYCOM SOFTWARE	0.30%	Add +0.4%	217,906	$108.03M	$495.75
33	WING	WINGSTOP INC	0.26%	Add +0.4%	562,965	$92.29M	$163.93
34	ROL	ROLLINS INC	0.22%	Add +0.3%	2,248,561	$79.44M	$35.33
35	HD	HOME DEPOT INC	0.13%	Add +3314.0%	148,339	$48.69M	$328.26
36	ZTS	ZOETIS INC	0.13%	Add +9.0%	240,502	$46.69M	$194.14
37	PG	PROCTER AND GAMBLE CO	0.12%	Add +6.0%	318,181	$44.48M	$139.80
38	MELI	MERCADOLIBRE	0.11%	-	24,225	$40.68M	$1679.38
39	WNS	WNS HLDGS LTD	0.04%	Add +59.1%	188,912	$15.45M	No quote	No quote
40	G	GENPACT LIMITED	0.04%	New	305,208	$14.5M	$47.51
41	TSM	TAIWAN SEMICONDUCTOR MFG LTD	0.04%	-	129,633	$14.47M	$111.65
42	XP	XP CLASS A	0.03%	-	253,367	$10.18M	$40.17
43	CL	COLGATE PALMOLIVE CO	0.03%	Add +0.6%	122,890	$9.29M	$75.58
45	MAR	MARRIOTT INTERNATIONAL CL A	-	Sold	0	$0	No quote	No quote
44	BDX	BECTON DICKINSON AND CO	-	Sold	0	$0	No quote	No quote