Terry Smith
Net sellingFundsmith LLP — managed by Terry Smith; US equity positions disclosed quarterly via SEC 13F
Data as of 2026-03-31 (filed 2026-05-15) · Source: SEC EDGAR
Fundsmith LLP's most recent 13F filing, for the quarter ended 2026-03-31, reports 34 positions worth $12.83B. The top 5 holdings represent 38% of that value, a moderately concentrated portfolio.
The single largest position is Marriott Intl Inc at 8.6% of the portfolio, followed by Stryker Corporation at 7.8% and Waters Corp at 7.5%.
Against the prior quarter, Terry Smith opened 1 new position, exited 4, added to 0, and trimmed 33. The largest new buy was Badger Meter Inc. The most notable sale was the full exit from Nike Inc.
Across all 8 quarters on file, Marriott Intl Inc has appeared in every filing, as has Stryker Corporation. Marriott Intl Inc currently ranks first by value.
A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.
None of Terry Smith's tracked holdings are in the strike zone right now.
Valuation as of 2026-07-02; method: conservative Greenwald value band + Owner-Earnings DCF. Position observation, not advice.
Next · is it cheap
Terry Smith has no positions in the strike zone right now.
Browse the whole market by value band- Value$1.10BValuationAbove valueHolders4Weight (prev→now)7.2% → 8.6% ▼
- Value$1.01BValuationAbove valueHolders3Weight (prev→now)7.6% → 7.8% ▼
- Value$956.6MValuationAbove valueHolders6Weight (prev→now)7.9% → 7.5% ▼
- Value$938.2MValuation—Holders26Weight (prev→now)7.2% → 7.3% ▼
- Value$850.1MValuationAbove valueHolders34Weight (prev→now)6.4% → 6.6% ▼
- Value$845.4MValuationAbove valueHolders9Weight (prev→now)5.7% → 6.6% ▼
- Value$823.6MValuationAbove valueHolders5Weight (prev→now)7.4% → 6.4% ▼
- Value$783.3MValuationAbove valueHolders3Weight (prev→now)6.3% → 6.1% ▼
- Value$769.9MValuationAbove valueHolders32Weight (prev→now)5.9% → 6.0% ▼
- Value$756.0MValuationAbove valueHolders27Weight (prev→now)5.3% → 5.9% ▼
- Value$717.0MValuationAbove valueHolders2Weight (prev→now)4.7% → 5.6% ▼
- Value$619.8MValuationAbove valueHolders2Weight (prev→now)3.3% → 4.8% ▼
- Value$606.6MValuationAbove valueHolders8Weight (prev→now)3.6% → 4.7% ▼
- Value$509.3MValuationAbove valueHolders9Weight (prev→now)2.7% → 4.0% ▼
- Value$503.1MValuation—Holders1Weight (prev→now)3.0% → 3.9% ▼
- Value$458.4MValuationAbove valueHolders5Weight (prev→now)2.9% → 3.6% ▼
- Value$210.6MValuationAbove valueHolders4Weight (prev→now)1.6% → 1.6% ▼
- Value$34.9MValuationAbove valueHolders5Weight (prev→now)0.6% → 0.3% ▼
- Value$33.1MValuationAbove valueHolders4Weight (prev→now)0.5% → 0.3% ▼
- Value$30.1MValuationAbove valueHolders4Weight (prev→now)0.3% → 0.2% ▼
- Value$28.2MValuation—Holders4Weight (prev→now)0.4% → 0.2% ▼
- Value$26.7MValuationWithin bandHolders4Weight (prev→now)0.5% → 0.2% ▼
- Value$26.7MValuationAbove valueHolders4Weight (prev→now)0.4% → 0.2% ▼
- Value$22.9MValuationAbove valueHolders3Weight (prev→now)0.4% → 0.2% ▼
- Value$21.9MValuation—Holders1Weight (prev→now)0.4% → 0.2% ▼
Showing top 25 of 34 positions
Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-15
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