Terry Smith · Fundsmith Investment Services Ltd.
| Period: | Q4 2025 |
| Portfolio date: | Dec 31, 2025 |
| No. of stocks: | 26 |
| Portfolio value: | $5.5B |
| Stock | % of Portfolio | Recent Activity | Shares | Reported Price * | Value | Current Price | +/- Reported Price | 52 Week Low | 52 Week High |
|---|---|---|---|---|---|---|---|---|---|
| SYK · Stryker Corporation | 8.41 | Reduce 15.86% | 1,307,407 | $351.47 | $459,514,338 | $285.47 | -18.78% | $284.95 | $404.87 |
| WAT · Waters Corp. | 7.96 | Reduce 15.49% | 1,146,209 | $379.83 | $435,364,564 | $355.13 | -6.50% | $275.05 | $414.15 |
| MAR · Marriott Intl Inc. New | 7.48 | Reduce 9.93% | 1,318,251 | $310.24 | $408,974,190 | $353.18 | +13.84% | $253.56 | $380.00 |
| GOOGL · Alphabet Inc. | 7.20 | Reduce 35.41% | 1,257,218 | $313.00 | $393,509,234 | $400.71 | +28.02% | $156.16 | $402.00 |
| V · Visa, Inc. | 6.93 | Reduce 13.61% | 1,079,514 | $350.71 | $378,596,355 | $318.79 | -9.10% | $293.89 | $375.51 |
| IDXX · Idexx Labs Inc. | 6.86 | Reduce 19.54% | 553,859 | $676.53 | $374,702,229 | $560.11 | -17.21% | $496.61 | $769.98 |
| META · Meta Platforms, Inc. | 6.32 | Reduce 26.00% | 523,536 | $660.09 | $345,580,878 | $609.63 | -7.64% | $520.26 | $796.25 |
| ADP · Automatic Data Processing In | 6.30 | Reduce 7.37% | 1,338,320 | $257.23 | $344,256,054 | $213.00 | -17.20% | $188.16 | $329.93 |
| PM · Philip Morris Intl Inc. | 6.14 | Reduce 6.37% | 2,091,801 | $160.40 | $335,524,880 | $170.99 | +6.60% | $142.11 | $191.30 |
| MTD · Mettler Toledo International | 6.11 | Reduce 5.54% | 239,736 | $1394.19 | $334,237,534 | $1124.46 | -19.35% | $1096.43 | $1525.17 |
| MSFT · Microsoft Corp. | 5.92 | Reduce 33.52% | 668,549 | $483.62 | $323,323,667 | $415.06 | -14.18% | $356.28 | $555.45 |
| PG · Procter And Gamble Co. | 4.66 | Reduce 5.92% | 1,777,110 | $143.31 | $254,677,634 | $146.42 | +2.17% | $137.62 | $170.99 |
| CHD · Church & Dwight Co. Inc. | 4.02 | Reduce 6.63% | 2,620,239 | $83.85 | $219,707,040 | $93.44 | +11.44% | $81.33 | $106.04 |
| ZTS · Zoetis Inc. | 2.78 | Add 2.61% | 1,206,414 | $125.82 | $151,791,009 | $82.83 | -34.17% | $81.10 | $172.23 |
| TXN · Texas Instrs Inc. | 2.77 | Reduce 11.49% | 872,579 | $173.49 | $151,383,731 | $287.80 | +65.89% | $152.73 | $292.64 |
| FTNT · Fortinet Inc. | 2.64 | Reduce 20.24% | 1,818,233 | $79.41 | $144,385,883 | $114.07 | +43.65% | $70.12 | $114.66 |
| NKE · Nike Inc. | 2.59 | Reduce 3.81% | 2,226,357 | $63.71 | $141,841,204 | $44.14 | -30.72% | $42.09 | $80.17 |
| INTU · Intuit | 2.14 | Reduce 6.45% | 176,360 | $662.42 | $116,824,391 | $396.31 | -40.17% | $342.11 | $813.70 |
| OTIS · Otis Worldwide Corp. | 2.00 | Reduce 23.88% | 1,251,513 | $87.35 | $109,319,661 | $74.82 | -14.34% | $74.62 | $101.42 |
| BMI · Badger Meter Inc. | 0.42 | New | 132,631 | $174.41 | $23,132,173 | $118.52 | -32.05% | $112.09 | $256.08 |
| WM · Waste Mgmt Inc. Del | 0.28 | 70,475 | $219.71 | $15,484,062 | $215.37 | -1.98% | $194.11 | $248.13 | |
| HD · Home Depot Inc. | 0.06 | Reduce 33.66% | 9,321 | $344.10 | $3,207,356 | $317.45 | -7.74% | $310.40 | $426.75 |
| TSM · Taiwan Semiconductor Mfg Ltd. | 0.00 | New | 605 | $303.89 | $183,853 | $411.68 | +35.47% | $184.61 | $420.00 |
| TJX · Tjx Cos Inc. New | 0.00 | New | 1,155 | $153.61 | $177,420 | $153.36 | -0.16% | $119.84 | $165.82 |
| AMZN · Amazon Com Inc. | 0.00 | New | 715 | $230.82 | $165,036 | $272.68 | +18.14% | $196.00 | $278.56 |
| AAPL · Apple Inc. | 0.00 | New | 605 | $271.86 | $164,475 | $293.26 | +7.87% | $193.46 | $294.76 |
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held. Price columns + 52-week range are placeholders pending v2 price-data feed.
Sector % analysis
7 sectors represented
Whales with similar holdings to Terry Smith
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