Terry Smith Portfolio: Fundsmith 13F Holdings (Q2 2026)
Checked against SEC EDGAR
Fundsmith reported 41 stock positions worth $13.6B as of Jun 30, 2026 in its 13F filed Aug 14, 2026. The top 10 make up 52% of the reported portfolio. Changes are compared with Q1 2026: 13 new, 4 added, 21 reduced, 6 sold out.
13F filings are due 45 days after each quarter ends, so these holdings can be up to four and a half months old by the time they are public. They list US-listed stocks and some other securities only: no shorts, cash, bonds or non-US shares, and options are left out here. This is a record of public filings, not investment advice.
Holdings
| Ticker | Company | % of portfolio | Value | Shares | Change compared with Q1 2026 |
|---|---|---|---|---|---|
| MAR | MARRIOTT INTL INC NEW | 7.02% | $958.3M | 2,585,757 | Reduced 23% |
| SYK | STRYKER CORPORATION | 6.72% | $917.4M | 2,913,833 | Reduced 5% |
| WAT | WATERS CORP | 6.25% | $852.7M | 2,273,632 | Reduced 29% |
| V | VISA INC | 5.08% | $693.0M | 2,019,810 | Reduced 35% |
| UBER | UBER TECHNOLOGIES INC | 4.73% | $645.3M | 8,943,151 | New position |
| MA | MASTERCARD INCORPORATED | 4.68% | $639.5M | 1,245,051 | New position |
| GOOGL | ALPHABET INC | 4.64% | $633.7M | 1,773,354 | Reduced 40% |
| CHD | CHURCH & DWIGHT CO INC | 4.58% | $625.5M | 6,456,634 | Reduced 3% |
| PG | PROCTER & GAMBLE CO | 4.38% | $598.1M | 4,078,371 | Reduced 3% |
| MSFT | MICROSOFT CORP | 4.36% | $595.6M | 1,596,737 | Reduced 23% |
| META | META PLATFORMS INC | 4.34% | $592.5M | 1,051,876 | Reduced 20% |
| ADP | AUTOMATIC DATA PROCESSING IN | 4.27% | $582.6M | 2,601,567 | Reduced 32% |
| FTNT | FORTINET INC | 4.09% | $557.6M | 3,629,938 | Reduced 41% |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | 4.02% | $548.5M | 1,148,449 | New position |
| IDXX | IDEXX LABS INC | 3.93% | $536.9M | 1,019,887 | Reduced 30% |
| TXN | TEXAS INSTRS INC | 3.93% | $536.3M | 1,799,182 | Reduced 31% |
| PM | PHILIP MORRIS INTL INC | 3.86% | $527.1M | 2,913,693 | Reduced 43% |
| NFLX | NETFLIX INC. | 3.66% | $499.1M | 6,990,345 | New position |
| GEV | GE VERNOVA INC | 3.53% | $481.5M | 409,835 | New position |
| APP | APPLOVIN CORP | 2.63% | $358.9M | 696,568 | New position |
| TJX | TJX COS INC NEW | 2.52% | $344.3M | 2,272,592 | New position |
| NXT | NEXTPOWER INC | 2.49% | $340.3M | 2,856,092 | New position |
| VEEV | VEEVA SYS INC | 1.06% | $145.0M | 816,785 | New position |
| YUM | YUM BRANDS INC | 0.65% | $88.9M | 556,107 | New position |
| MSCI | MSCI INC | 0.22% | $30.0M | 53,580 | Reduced 17% |
| MEDP | MEDPACE HLDGS INC | 0.20% | $27.7M | 52,372 | Reduced 16% |
| NTNX | NUTANIX INC | 0.20% | $27.4M | 538,281 | Reduced 7% |
| BMI | BADGER METER INC | 0.19% | $25.9M | 174,627 | Added 23% |
| CLX | CLOROX CO DEL | 0.19% | $25.9M | 271,318 | Added 6% |
| ROL | ROLLINS INC | 0.19% | $25.9M | 619,935 | No change |
| MANH | MANHATTAN ASSOCIATES INC | 0.18% | $24.1M | 172,977 | Added 43% |
| NSSC | NAPCO SEC TECHNOLOGIES INC | 0.17% | $23.1M | 606,974 | Added 58% |
| FICO | FAIR ISAAC CORP | 0.16% | $21.4M | 17,953 | New position |
| SABR | SABRE CORP | 0.14% | $18.8M | 9,013,783 | No change |
| IDCC | INTERDIGITAL INC | 0.12% | $17.1M | 60,324 | New position |
| ORLY | OREILLY AUTOMOTIVE INC | 0.11% | $15.0M | 162,691 | New position |
| VRT | VERTIV HOLDINGS CO | 0.10% | $14.0M | 41,893 | Reduced 54% |
| VRSN | VERISIGN INC | 0.10% | $14.0M | 55,713 | Reduced 51% |
| ADMA | ADMA BIOLOGICS INC | 0.10% | $13.8M | 1,649,493 | No change |
| DOCS | DOXIMITY INC | 0.10% | $13.5M | 653,324 | Reduced 6% |
| PAYC | PAYCOM SOFTWARE INC | 0.09% | $12.7M | 100,763 | Reduced 54% |
Sold out
| Ticker | Company | % of portfolio | Value | Shares before | Change |
|---|---|---|---|---|---|
| MTD | METTLER TOLEDO INTERNATIONAL | 0.00% | $0 | 568,516 | Sold out |
| ZTS | ZOETIS INC | 0.00% | $0 | 3,877,559 | Sold out |
| OTIS | OTIS WORLDWIDE CORP | 0.00% | $0 | 2,731,635 | Sold out |
| CATALYST PHARM | CATALYST PHARMACEUTICALS INC | 0.00% | $0 | 844,887 | Sold out |
| QLYS | QUALYS INC | 0.00% | $0 | 226,077 | Sold out |
| HD | HOME DEPOT INC | 0.00% | $0 | 28,611 | Sold out |
Geopolitical news on Terry Smith’s top holdings
- Why AI’s Billions in Spending Are Hard to Spot in GDP Data GOOGL, META, MSFT
- The real way to tell if Amazon’s AI spending is paying off GOOGL, META, MSFT
- UBS sees buying opportunity in China AI tech stocks after selloff GOOGL, META, MSFT
- Professor shares insights on ND and the church’s role in conversations of AI and dignity GOOGL, META, MSFT
- Hyperscalers Are Still Spending. TE Connectivity Earnings Top Estimates. GOOGL, META, MSFT
- The AI Fed Votes to Hold Interest Rates Steady MSFT
- AI stocks rally as SK Hynix jumps 11%, Micron and Sandisk gain 4% GOOGL, META, MSFT
- Enhancing pipeline integrity management with artificial intelligence and integrated technologies GOOGL, META, MSFT
- S&P 500, Nasdaq Futures Mixed Ahead Of Fed Decision, Big Tech Earnings: GOOGL, MSFT, HOOD, SOFI In Focus GOOGL, MSFT
- Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours GOOGL, META, MSFT
Source: SEC EDGAR filing 0001569205-26-000012 (CIK 1569205). Values are as reported in the filing.