Smart Money Radar / Whales / Terry Smith
T

Terry Smith

Fundsmith LLP · Holdings as of Dec 31, 2025, filed by Feb 15, 2026 · US long stock positions only

Buy quality

Reported value
$17B
37 positions shown
Copycat since 2016
3.00x
11% per year
vs SPY
behind
SPY 3.57x same window
Top position
WAT
8% of book

Copying these filings vs SPY

$1 at every deadline since 2016
SPY 3.57x Terry Smith 3.00x
Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance.
Mar 2026 Dec 2025 Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023

The book

tile = share of the filed book · tap a tile for the ticker · Dec 2025
WAT 8% SYK 8% IDXX 7% V 7% MAR 7% GOOGL 6% ADP 6% MSFT 6% PM 6% META 5% MTD 5% PG 4% FTNT 3%
+22 more 16%
SymbolValue% of bookvs prior quarter
WAT $1.4B 8% trimmed
SYK $1.3B 8% trimmed
IDXX $1.3B 7% trimmed
V $1.2B 7% trimmed
MAR $1.2B 7% trimmed
GOOGL $1.1B 6% trimmed
ADP $1.1B 6% trimmed
MSFT $1.0B 6% trimmed
PM $982M 6% trimmed
META $900M 5% trimmed
MTD $809M 5% unchanged
PG $609M 4% trimmed
CHD $564M 3% unchanged
FTNT $517M 3% trimmed
ZTS $491M 3% added
TXN $455M 3% trimmed
INTU $414M 2% added
NKE $368M 2% trimmed
OTIS $272M 2% trimmed
MSCI $96M 1% unchanged
ROL $89M 1% unchanged
QLYS $86M 1% trimmed
PAYC $83M 0% unchanged
ODD $83M 0% added
CPRX $79M 0% unchanged
NSSC $74M 0% unchanged
DOCS $73M 0% added
NTNX $71M 0% new
VRT $67M 0% trimmed
VRSN $66M 0% unchanged
CLX $62M 0% unchanged
MANH $50M 0% unchanged
GGG $47M 0% trimmed
MEDP $46M 0% trimmed
ADMA $38M 0% new
SABR $29M 0% unchanged
HD $28M 0% trimmed
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.