Terry Smith's MSFT Position Overview
Terry Smith (via Fundsmith Llp) currently holds 2.08 M shares of Microsoft Corporation (MSFT) worth $1.01 B, representing 5.88% of the portfolio. First purchased in 2013-Q1, this long-term strategic position has been held for 47 quarters.
Based on 13F filings since 2013, Terry Smith has maintained a long-term strategic position in MSFT, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2018, adding 12.07 M shares. Largest reduction occurred in Q2 2018, reducing 12.08 M shares.
Analysis based on 13F filings available since 2013 Q2
Terry Smith's Microsoft Corporation (MSFT) Holding Value Over Time
Track share changes against reported price movement
Quarterly Microsoft Corporation (MSFT) Trades by Terry Smith
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -503,398 | Reduce 19.49% | 2.08 M | $483.62 |
| Q3 2025 | -2.36 M | Reduce 47.72% | 2.58 M | $517.95 |
| Q2 2025 | -428,653 | Reduce 7.98% | 4.94 M | $497.41 |
| Q1 2025 | -816,871 | Reduce 13.20% | 5.37 M | $375.39 |
| Q4 2024 | -713,242 | Reduce 10.34% | 6.19 M | $421.50 |
| Q3 2024 | -240,340 | Reduce 3.37% | 6.9 M | $430.30 |
| Q2 2024 | -477,288 | Reduce 6.27% | 7.14 M | $446.95 |
| Q1 2024 | -325,421 | Reduce 4.10% | 7.62 M | $420.72 |
| Q4 2023 | -705,498 | Reduce 8.16% | 7.94 M | $376.04 |
| Q3 2023 | -363,769 | Reduce 4.04% | 8.65 M | $315.75 |
| Q2 2023 | -18,510 | Reduce 0.20% | 9.01 M | $340.54 |
| Q1 2023 | +1,065 | Add 0.01% | 9.03 M | $288.30 |
| Q4 2022 | -254,578 | Reduce 2.74% | 9.03 M | $239.82 |
| Q3 2022 | -735,920 | Reduce 7.34% | 9.28 M | $232.90 |
| Q2 2022 | +2,102 | Add 0.02% | 10.02 M | $256.83 |
| Q1 2022 | -2.98 M | Reduce 22.95% | 10.02 M | $308.31 |
| Q4 2021 | +968,000 | Add 8.04% | 13 M | $336.32 |
| Q3 2021 | -655 | Reduce 0.01% | 12.03 M | $281.92 |
| Q2 2021 | -14,272 | Reduce 0.12% | 12.04 M | $270.90 |
| Q1 2021 | -23,045 | Reduce 0.19% | 12.05 M | $235.77 |
| Q4 2020 | +142,879 | Add 1.20% | 12.07 M | $222.42 |
| Q3 2020 | -25,399 | Reduce 0.21% | 11.93 M | $210.33 |
| Q2 2020 | -18,063 | Reduce 0.15% | 11.95 M | $203.51 |
| Q1 2020 | -217,608 | Reduce 1.79% | 11.97 M | $157.71 |
| Q4 2019 | +883 | Add 0.01% | 12.19 M | $157.70 |
| Q3 2019 | +18,512 | Add 0.15% | 12.19 M | $139.03 |
| Q2 2019 | +30,766 | Add 0.25% | 12.17 M | $133.96 |
| Q1 2019 | +113,382 | Add 0.94% | 12.14 M | $117.94 |
| Q4 2018 | -47,074 | Reduce 0.39% | 12.03 M | $114.37 |
| Q3 2018 | +12.07 M | New Buy | 12.07 M | $114.37 |
| Q2 2018 | -12.08 M | Sold Out | 0 | $0.00 |
| Q1 2018 | +984,147 | Add 8.87% | 12.08 M | $91.27 |
| Q4 2017 | +14,825 | Add 0.13% | 11.09 M | $85.54 |
| Q3 2017 | +355,610 | Add 3.32% | 11.08 M | $73.85 |
| Q2 2017 | +518,608 | Add 5.08% | 10.72 M | $68.93 |
| Q1 2017 | -166 | Reduce 0.00% | 10.2 M | $65.86 |
| Q4 2016 | +267,350 | Add 2.69% | 10.2 M | $62.89 |
| Q3 2016 | +1.1 M | Add 12.42% | 9.93 M | $57.60 |
| Q2 2016 | +977,061 | Add 12.43% | 8.84 M | $51.17 |
| Q1 2016 | +328,645 | Add 4.36% | 7.86 M | $55.23 |
| Q3 2015 | +338,065 | Add 4.70% | 7.53 M | $44.26 |
| Q2 2015 | +8,140 | Add 0.11% | 7.19 M | $44.15 |
| Q1 2015 | +7.19 M | New Buy | 7.19 M | $40.39 |
| Q3 2013 | -3.53 M | Sold Out | 0 | $0.00 |
| Q2 2013 | +342,781 | Add 10.77% | 3.53 M | $34.55 |
| Q1 2013 | +3.18 M | Add 0.00% | 3.18 M | $28.39 |
Terry Smith's Microsoft Corporation Investment FAQs
Terry Smith first purchased Microsoft Corporation (MSFT) in Q1 2013, acquiring 3,182,263 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Terry Smith has held Microsoft Corporation (MSFT) for 47 quarters since Q1 2013.
Terry Smith's largest addition to Microsoft Corporation (MSFT) was in Q3 2018, adding 12,074,060 shares worth $1.38 B.
According to the latest 13F filing for Q4 2025, Terry Smith's firm, Fundsmith Llp, owns 2,079,971 shares of Microsoft Corporation (MSFT), valued at approximately $1.01 B.
As of the Q4 2025 filing, Microsoft Corporation (MSFT) represents approximately 5.88% of Terry Smith's publicly disclosed stock portfolio, making it one of their key holdings.
Terry Smith's peak holding in Microsoft Corporation (MSFT) was 13,002,366 shares, as reported at the end of Q4 2021.