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S
Smith
Fundsmith LLP
Latest 13F: Q2 2026
Filed Aug 14, 2026
Terry Smith's buy-and-hold quality fund
13F filings have a ~45-day lag. Positions may have changed since the filing date.
Positions
40
New Buys
13
Sold
11
Increased
4
Decreased
21
Total Value
$13.6B
Sector Allocation
Latest Trades (Quarter-over-Quarter Changes)
| ACTION | SYMBOL | NAME | SHARES CHG | VALUE | WEIGHT % |
|---|---|---|---|---|---|
| SOLD | SABR | -9,013,783 | -- | -- | |
| NEW | UBER | UBER TECHNOLOGIES INC |
+8,943,151
avg ~$72.16
·
~$645.3M
|
$645.3M | 4.7% |
| NEW | NFLX | NETFLIX INC. |
+6,990,345
avg ~$71.40
·
~$499.1M
|
$499.1M | 3.7% |
| SOLD | ZTS | -3,877,559 | -- | -- | |
| NEW | NXT | NEXTPOWER INC |
+2,856,092
avg ~$119.14
·
~$340.3M
|
$340.3M | 2.5% |
| SOLD | OTIS | -2,731,635 | -- | -- | |
| DECREASED | FTNT | FORTINET INC |
-2,526,737
avg ~$153.62
·
~$388.2M
|
$557.6M | 4.1% |
| NEW | TJX | TJX COS INC NEW |
+2,272,592
avg ~$151.50
·
~$344.3M
|
$344.3M | 2.5% |
| DECREASED | PM | PHILIP MORRIS INTL INC |
-2,199,470
avg ~$180.91
·
~$397.9M
|
$527.1M | 3.9% |
| DECREASED | ADP | AUTOMATIC DATA PROCESSING IN |
-1,253,538
avg ~$223.95
·
~$280.7M
|
$582.6M | 4.3% |
| NEW | MA | MASTERCARD INCORPORATED |
+1,245,051
avg ~$513.60
·
~$639.5M
|
$639.5M | 4.7% |
| DECREASED | GOOGL | ALPHABET INC |
-1,182,844
avg ~$357.37
·
~$422.7M
|
$633.7M | 4.6% |
| NEW | TSM | TAIWAN SEMICONDUCTOR MANUFAC |
+1,148,449
avg ~$477.57
·
~$548.5M
|
$548.5M | 4.0% |
| DECREASED | V | VISA INC |
-1,084,280
avg ~$343.09
·
~$372.0M
|
$693.0M | 5.1% |
| DECREASED | WAT | WATERS CORP |
-938,443
avg ~$375.04
·
~$352.0M
|
$852.7M | 6.2% |
| SOLD | CPRX | -844,887 | -- | -- | |
| DECREASED | TXN | TEXAS INSTRS INC |
-823,942
avg ~$298.07
·
~$245.6M
|
$536.3M | 3.9% |
| NEW | VEEV | VEEVA SYS INC |
+816,785
avg ~$177.47
·
~$145.0M
|
$145.0M | 1.1% |
| DECREASED | MAR | MARRIOTT INTL INC NEW |
-785,115
avg ~$370.59
·
~$291.0M
|
$958.3M | 7.0% |
| NEW | APP | APPLOVIN CORP |
+696,568
avg ~$515.23
·
~$358.9M
|
$358.9M | 2.6% |
| SOLD | MTD | -568,516 | -- | -- | |
| NEW | YUM | YUM BRANDS INC |
+556,107
avg ~$159.86
·
~$88.9M
|
$88.9M | 0.7% |
| DECREASED | MSFT | MICROSOFT CORP |
-483,000
avg ~$373.02
·
~$180.2M
|
$595.6M | 4.4% |
| DECREASED | IDXX | IDEXX LABS INC |
-445,899
avg ~$526.44
·
~$234.7M
|
$536.9M | 3.9% |
| NEW | GEV | GE VERNOVA INC |
+409,835
avg ~$1174.86
·
~$481.5M
|
$481.5M | 3.5% |
Full Holdings (40 positions)
| SYMBOL | NAME | SHARES | VALUE | WEIGHT % | ACTION |
|---|---|---|---|---|---|
| MAR | MARRIOTT INTL INC NEW |
2,585,757
$370.59/sh
cost $232.48 (+59.4%)
|
$958.3M | 7.0% | DECREASED |
| SYK | STRYKER CORPORATION |
2,913,833
$314.84/sh
cost $214.21 (+47.0%)
|
$917.4M | 6.7% | DECREASED |
| WAT | WATERS CORP |
2,273,632
$375.04/sh
cost $253.12 (+48.2%)
|
$852.7M | 6.2% | DECREASED |
| V | VISA INC |
2,019,810
$343.09/sh
cost $187.13 (+83.3%)
|
$693.0M | 5.1% | DECREASED |
| UBER | UBER TECHNOLOGIES INC |
8,943,151
$72.16/sh
cost $72.16 (-0.0%)
|
$645.3M | 4.7% | NEW |
| MA | MASTERCARD INCORPORATED |
1,245,051
$513.60/sh
cost $496.58 (+3.4%)
|
$639.5M | 4.7% | NEW |
| GOOGL | ALPHABET INC |
1,773,354
$357.37/sh
cost $169.73 (+110.6%)
|
$633.7M | 4.6% | DECREASED |
| CHD | CHURCH & DWIGHT CO INC |
6,456,634
$96.88/sh
cost $93.29 (+3.8%)
|
$625.5M | 4.6% | DECREASED |
| PG | PROCTER & GAMBLE CO |
4,078,371
$146.64/sh
cost $135.22 (+8.4%)
|
$598.1M | 4.4% | DECREASED |
| MSFT | MICROSOFT CORP |
1,596,737
$373.02/sh
cost $195.10 (+91.2%)
|
$595.6M | 4.4% | DECREASED |
| META | META PLATFORMS INC |
1,051,876
$563.29/sh
cost $286.18 (+96.8%)
|
$592.5M | 4.3% | DECREASED |
| ADP | AUTOMATIC DATA PROCESSING IN |
2,601,567
$223.95/sh
cost $177.10 (+26.5%)
|
$582.6M | 4.3% | DECREASED |
| FTNT | FORTINET INC |
3,629,938
$153.62/sh
cost $84.18 (+82.5%)
|
$557.6M | 4.1% | DECREASED |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC |
1,148,449
$477.57/sh
cost $295.12 (+61.8%)
|
$548.5M | 4.0% | NEW |
| IDXX | IDEXX LABS INC |
1,019,887
$526.44/sh
cost $309.95 (+69.8%)
|
$536.9M | 3.9% | DECREASED |
| TXN | TEXAS INSTRS INC |
1,799,182
$298.07/sh
cost $191.14 (+55.9%)
|
$536.3M | 3.9% | DECREASED |
| PM | PHILIP MORRIS INTL INC |
2,913,693
$180.91/sh
cost $94.68 (+91.1%)
|
$527.1M | 3.9% | DECREASED |
| NFLX | NETFLIX INC. |
6,990,345
$71.40/sh
cost $71.40 (+0.0%)
|
$499.1M | 3.7% | NEW |
| GEV | GE VERNOVA INC |
409,835
$1174.86/sh
cost $1174.86 (-0.0%)
|
$481.5M | 3.5% | NEW |
| APP | APPLOVIN CORP |
696,568
$515.23/sh
cost $515.23 (+0.0%)
|
$358.9M | 2.6% | NEW |
| TJX | TJX COS INC NEW |
2,272,592
$151.50/sh
cost $151.50 (+0.0%)
|
$344.3M | 2.5% | NEW |
| NXT | NEXTPOWER INC |
2,856,092
$119.14/sh
cost $119.14 (+0.0%)
|
$340.3M | 2.5% | NEW |
| VEEV | VEEVA SYS INC |
816,785
$177.47/sh
cost $177.47 (+0.0%)
|
$145.0M | 1.1% | NEW |
| YUM | YUM BRANDS INC |
556,107
$159.86/sh
cost $159.86 (-0.0%)
|
$88.9M | 0.7% | NEW |
| MSCI | MSCI INC |
53,580
$560.04/sh
cost $446.47 (+25.4%)
|
$30.0M | 0.2% | DECREASED |