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Terry Smith
Portfolio: Top Holdings & Stock Picks

Fundsmith Llp

Value Investing Growth Investing

Terry Smith (Fundsmith Llp) disclosed 35 total holdings in its latest 13F filing dated 2025-09-30, with a portfolio value of $19.8 B billion and a turnover rate of 2.2%.

Portfolio Value
$19.8 B
Total Holdings
35
Latest Filing
Q3 2025
Nov 14, 2025
Turnover Rate
2.18%

Terry Smith Top Holdings of 2025-09-30

Ticker Name Shares Value % of Portfolio Time Held % Change
SYK
4.59 M $1.7 B 8.57% >10 Years -1.83%
2.61 M $1.67 B 8.43% >10 Years -1.09%
6.29 M $1.53 B 7.72% 3.7 Years -7.56%
2.58 M $1.34 B 6.76% 7 Years -47.72%
V
3.85 M $1.32 B 6.65% >10 Years +0.01%
ADP
4.31 M $1.27 B 6.39% 8.7 Years -1.16%
WAT
3.96 M $1.19 B 5.99% >10 Years +9.62%
PM
7.19 M $1.17 B 5.89% >10 Years -20.78%
1.56 M $1.14 B 5.78% 7.5 Years -56.32%
MAR
4.23 M $1.1 B 5.56% 2.5 Years -0.20%

Recent Moves

Added to Core Holding
+235,916 Shares | +$161.11 M Value
Largest position increase in Technology sector
Q3 2025
Reduced Exposure to Position
-2.01 M Shares | -$1.48 B Value
Significant reduction in holdings of Communication Services
Q3 2025
Complete Exit
-733,892 Shares | -$93.12 M Value
Cleared CHH, sector remains in portfolio
Q3 2025
Reduced Exposure to Position
-2.36 M Shares | -$1.22 B Value
Significant reduction in holdings of Technology
Q3 2025

Terry Smith's Historical Top Holdings Breakdown

Portfolio Date:

Terry Smith Top Stock Picks

Ticker Name Date Activity Shares Shares Change Value Change
09/30/2025 Reduce -56.3% 1.56 M -2.01 M $1.48 B
09/30/2025 Reduce -47.7% 2.58 M -2.36 M $1.22 B
PM
09/30/2025 Reduce -20.8% 7.19 M -1.89 M $305.92 M
09/30/2025 Add 64.0% 604,456 235,916 $161.11 M
09/30/2025 Reduce -7.6% 6.29 M -514,102 $124.98 M
ZTS
09/30/2025 Add 25.3% 3.62 M 730,300 $106.86 M
WAT
09/30/2025 Add 9.6% 3.96 M 347,091 $104.06 M
CHH
09/30/2025 Sold Out 733,892 -733,892 $93.12 M
09/30/2025 Sold Out 746,820 -746,820 $55.79 M
09/30/2025 Sold Out 176,195 -176,195 $54.88 M

Terry Smith's Sector Breakdowns

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 2025-09-30, Terry Smith holds 35 stocks. Top positions include SYK, IDXX, GOOGL, MSFT, V. For full portfolio details, please visit Terry Smith’s portfolio.

Terry Smith did not initiate any new positions in the latest quarter.

According to the 13F filing for Q3 2025, Terry Smith increased their stake in INTU.

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