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Terry Smith
Portfolio: Top Holdings & Stock Picks

Fundsmith Llp

Value Investing Growth Investing

Terry Smith (Fundsmith Llp) disclosed 37 total holdings in its latest 13F filing dated 12/31/2025, with a portfolio value of $17.12 B and a turnover rate of 1.1%.

Portfolio Value
$17.12 B
Total Holdings
37
Latest Filing
Q4 2025
February 17, 2026
Turnover Rate
1.08%

Terry Smith Top Holdings of Q4 2025

Ticker Name Shares Value % of Portfolio Time Held % Change
WAT
3.56 M $1.35 B 7.90% >10 Years -10.05%
SYK
3.69 M $1.3 B 7.57% >10 Years -19.68%
1.88 M $1.27 B 7.42% >10 Years -28.13%
V
3.53 M $1.24 B 7.24% >10 Years -8.29%
MAR
3.98 M $1.23 B 7.21% 2.8 Years -5.87%
3.5 M $1.1 B 6.40% 4 Years -44.37%
ADP
4.18 M $1.07 B 6.28% 9 Years -3.10%
2.08 M $1.01 B 5.88% 7.3 Years -19.49%
PM
6.12 M $982.39 M 5.74% >10 Years -14.80%
1.36 M $900.06 M 5.26% 7.8 Years -12.52%

Recent Moves

Significant New Position
+1.38 M Shares | +$71.19 M Value
Continues to build a major stake in the Technology sector
Q4 2025
Added to Core Holding
+285,672 Shares | +$35.94 M Value
Largest position increase in Healthcare sector
Q4 2025
Reduced Exposure to Position
-2.79 M Shares | -$873.53 M Value
Significant reduction in holdings of Communication Services
Q4 2025
Reduced Exposure to Position
-734,422 Shares | -$496.86 M Value
Significant reduction in holdings of Healthcare
Q4 2025

Terry Smith's Historical Top Holdings Overview

Portfolio Date:

Terry Smith Top Stock Picks

Ticker Name Date Activity Shares Shares Change Value Change
12/31/2025 Reduce -44.4% 3.5 M -2.79 M $873.53 M
12/31/2025 Reduce -28.1% 1.88 M -734,422 $496.86 M
SYK
12/31/2025 Reduce -19.7% 3.69 M -903,782 $317.65 M
12/31/2025 Reduce -19.5% 2.08 M -503,398 $243.45 M
12/31/2025 Reduce -46.5% 3.11 M -2.71 M $236.44 M
PM
12/31/2025 Reduce -14.8% 6.12 M -1.06 M $170.59 M
12/31/2025 Reduce -22.6% 6.52 M -1.9 M $151.2 M
WAT
12/31/2025 Reduce -10.1% 3.56 M -397,520 $150.99 M
12/31/2025 Reduce -12.5% 1.36 M -195,125 $128.8 M
V
12/31/2025 Reduce -8.3% 3.53 M -319,652 $112.11 M

Terry Smith's Portfolio Sector Breakdown

Portfolio Date:

About Terry Smith

Terry Smith is a British fund manager, author, and CEO of Fundsmith LLP, which he founded in 2010. Often called the "English Warren Buffett," he is known for his straightforward "buy good companies, don't overpay, and do nothing" approach. Before launching Fundsmith, Smith built a career in banking and publishing, including leadership roles at Barclays and Collins Stewart. His flagship Fundsmith Equity Fund has become one of the UK's most successful, earning him wide recognition in global investing.

Frequently Asked Questions

As of 12/31/2025, Terry Smith holds 37 stocks. Top positions include WAT, SYK, IDXX, V, MAR. For full portfolio details, please visit Terry Smith’s portfolio.

In Q4 2025, Terry Smith’s largest purchase by dollar amount was NTNX. For complete transaction details, please visit Terry Smith’s portfolio.

According to the 13F filing for Q4 2025, Terry Smith increased their stake in ZTS.

Terry Smith's firm may occasionally request confidential treatment under SEC rule 13F-HR, which allows temporary non-disclosure of certain positions.