Terry Smith
Fundsmith LLP
Founder of Fundsmith, Terry Smith's investing philosophy is famously simple: buy good companies, don't overpay, do nothing.
Portfolio as of March 31, 2026
| Company ↕ | Value ↓ | % ↕ | ||
|---|---|---|---|---|
| Loading… | ||||
Quarterly moves
Q4 2025 → Q1 2026
Amount invested · % of portfolio
- BADGER METER INC $22M · 0.2%
Amount bought · (±%) · % of portfolio
None
Amount sold · (±%) · % of portfolio
- MARRIOTT INTL INC NEW $189M (-15.3%) · 8.6%
- STRYKER CORPORATION $220M (-17%) · 7.8%
- WATERS CORP $131M (-9.7%) · 7.5%
- VISA INC $151M (-12.2%) · 7.3%
- ALPHABET INC $170M (-15.5%) · 6.6%
- PHILIP MORRIS INTL INC $162M (-16.5%) · 6.6%
- IDEXX LABS INC $278M (-21.9%) · 6.4%
- AUTOMATIC DATA PROCESSING IN $83M (-7.7%) · 6.1%
Portfolio value over time
Top 10 holdings evolution as of March 31, 2026
Share of portfolio (%) since inception, top 10 as of the selected quarter.
Sector breakdown
Based on holdings matched to a stock referenced on the site.
Dividend aristocrats held
Stocks with at least 25 consecutive years of dividend growth.
- PROCTER & GAMBLE CO 55 yrs 2.9%
- AUTOMATIC DATA PROCESSING IN 41 yrs 1.4%
Frequently asked questions
What are Terry Smith's top holdings?
As of March 31, 2026, the top three holdings of Fundsmith LLP are MARRIOTT INTL INC NEW, STRYKER CORPORATION, WATERS CORP.
How many positions does Terry Smith hold?
Fundsmith LLP reports 34 equity positions worth $12.8B as of March 31, 2026.
Does Terry Smith invest in dividend stocks?
The weighted dividend yield of the covered portion of the portfolio is approximately 2.3%.
Data sourced from 13F filings submitted to the SEC, published with roughly 45 days of lag. A 13F only covers long positions in U.S.-traded securities: it excludes short sales, non-U.S. holdings and cash. Provided for informational purposes only and does not constitute investment advice.