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Terry Smith

Fundsmith · portfolio as of 2026-06-30

This quarter's moves · vs 2026-03-31

MARMarriott International, Inc.

7.0% of portfolio · -23%

Decreased
WATWaters Corporation

6.2% of portfolio · -29%

Decreased
MTDMettler-Toledo International Inc.

5.6% of portfolio

Sold out
VVisa Inc.

5.1% of portfolio · -35%

Decreased
UBERUber Technologies, Inc.

4.7% of portfolio

New position
MAMastercard Incorporated

4.7% of portfolio

New position
GOOGLAlphabet Inc.

4.6% of portfolio · -40%

Decreased
MSFTMicrosoft Corporation

4.4% of portfolio · -23%

Decreased
METAMeta Platforms, Inc.

4.3% of portfolio · -20%

Decreased
ADPAutomatic Data Processing, Inc.

4.3% of portfolio · -33%

Decreased
FTNTFortinet, Inc.

4.1% of portfolio · -41%

Decreased
TSMTaiwan Semiconductor Manufacturing Company Limited

4.0% of portfolio

New position
IDXXIDEXX Laboratories, Inc.

3.9% of portfolio · -30%

Decreased
TXNTexas Instruments Incorporated

3.9% of portfolio · -31%

Decreased
PMPhilip Morris International Inc.

3.9% of portfolio · -43%

Decreased
NFLXNetflix, Inc.

3.7% of portfolio

New position
ZTSZoetis Inc.

3.6% of portfolio

Sold out
GEVGE Vernova Inc.

3.5% of portfolio

New position
APPAppLovin Corporation

2.6% of portfolio

New position
TJXThe TJX Companies, Inc.

2.5% of portfolio

New position
NXTNextpower Inc.

2.5% of portfolio

New position
OTISOtis Worldwide Corporation

1.6% of portfolio

Sold out
VEEVVeeva Systems Inc.

1.1% of portfolio

New position
YUMYum! Brands, Inc.

0.7% of portfolio

New position
MSCIMSCI Inc.

0.2% of portfolio · -17%

Decreased
MEDPMedpace Holdings, Inc.

0.2% of portfolio · -16%

Decreased
BMIBadger Meter, Inc.

0.2% of portfolio · +23%

Increased
MANHManhattan Associates, Inc.

0.2% of portfolio · +43%

Increased
NSSCNapco Security Technologies, Inc.

0.2% of portfolio · +58%

Increased
CPRXCatalyst Pharmaceuticals, Inc.

0.2% of portfolio

Sold out
FICOFair Isaac Corporation

0.2% of portfolio

New position
QLYSQualys, Inc.

0.2% of portfolio

Sold out
IDCCInterDigital, Inc.

0.1% of portfolio

New position
ORLYO'Reilly Automotive, Inc.

0.1% of portfolio

New position
VRTVertiv Holdings Co

0.1% of portfolio · -54%

Decreased
VRSNVeriSign, Inc.

0.1% of portfolio · -51%

Decreased
PAYCPaycom Software, Inc.

0.1% of portfolio · -54%

Decreased
HDThe Home Depot, Inc.

0.1% of portfolio

Sold out

Full portfolio

MARMarriott International, Inc.

2,585,757 shares · $958,255,687

7.0%
SYKStryker Corporation

2,913,833 shares · $917,391,182

6.7%
WATWaters Corporation

2,273,632 shares · $852,702,945

6.2%
VVisa Inc.

2,019,810 shares · $692,976,613

5.1%
UBERUber Technologies, Inc.

8,943,151 shares · $645,337,776

4.7%
MAMastercard Incorporated

1,245,051 shares · $639,458,194

4.7%
GOOGLAlphabet Inc.

1,773,354 shares · $633,743,519

4.6%
CHDChurch & Dwight Co., Inc.

6,456,634 shares · $625,518,702

4.6%
PGThe Procter & Gamble Company

4,078,371 shares · $598,052,323

4.4%
MSFTMicrosoft Corporation

1,596,737 shares · $595,614,836

4.4%
METAMeta Platforms, Inc.

1,051,876 shares · $592,511,232

4.3%
ADPAutomatic Data Processing, Inc.

2,601,567 shares · $582,620,930

4.3%
FTNTFortinet, Inc.

3,629,938 shares · $557,631,076

4.1%
TSMTaiwan Semiconductor Manufacturing Company Limited

1,148,449 shares · $548,464,789

4.0%
IDXXIDEXX Laboratories, Inc.

1,019,887 shares · $536,909,312

3.9%
TXNTexas Instruments Incorporated

1,799,182 shares · $536,282,179

3.9%
PMPhilip Morris International Inc.

2,913,693 shares · $527,116,201

3.9%
NFLXNetflix, Inc.

6,990,345 shares · $499,110,633

3.7%
GEVGE Vernova Inc.

409,835 shares · $481,498,748

3.5%
APPAppLovin Corporation

696,568 shares · $358,892,731

2.6%
TJXThe TJX Companies, Inc.

2,272,592 shares · $344,297,688

2.5%
NXTNextpower Inc.

2,856,092 shares · $340,274,801

2.5%
VEEVVeeva Systems Inc.

816,785 shares · $144,954,834

1.1%
YUMYum! Brands, Inc.

556,107 shares · $88,899,265

0.7%
MSCIMSCI Inc.

53,580 shares · $30,006,943

0.2%
MEDPMedpace Holdings, Inc.

52,372 shares · $27,735,687

0.2%
NTNXNutanix, Inc.

538,281 shares · $27,430,800

0.2%
BMIBadger Meter, Inc.

174,627 shares · $25,911,154

0.2%
CLXThe Clorox Company

271,318 shares · $25,894,590

0.2%
ROLRollins, Inc.

619,935 shares · $25,876,087

0.2%
MANHManhattan Associates, Inc.

172,977 shares · $24,087,047

0.2%
NSSCNapco Security Technologies, Inc.

606,974 shares · $23,052,873

0.2%
FICOFair Isaac Corporation

17,953 shares · $21,449,885

0.2%
SABRSabre Corporation

9,013,783 shares · $18,838,806

0.1%
IDCCInterDigital, Inc.

60,324 shares · $17,079,534

0.1%
ORLYO'Reilly Automotive, Inc.

162,691 shares · $14,982,214

0.1%
VRTVertiv Holdings Co

41,893 shares · $14,026,614

0.1%
VRSNVeriSign, Inc.

55,713 shares · $14,015,162

0.1%
ADMAADMA Biologics, Inc.

1,649,493 shares · $13,806,256

0.1%
DOCSDoximity, Inc.

653,324 shares · $13,549,940

0.1%
PAYCPaycom Software, Inc.

100,763 shares · $12,663,894

0.1%

From SEC Form 13F-HR — up to 45 days old at time of filing. Not a recommendation to buy or sell. Analyze any of these free →