Fundsmith Terry Smith
Holdings as of the end of Q2 2025, reported in its 13F filing on Aug 14, 2025; changes vs Q1 2025. Source
Reported value
$23B
at quarter-end prices
Positions
39
top 10 are 71% of it
Bought · Q2 2025
5
3 new, 2 added 20%+
Sold · Q2 2025
7
2 sold out, 5 cut 20%+
Holdings 39
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q1 2025 |
|---|---|---|---|---|---|---|
| 1 | META | META PLATFORMS INC | 3,568,752 | $2.6B | 11.4% | -8% |
| 2 | MSFT | MICROSOFT CORP | 4,941,509 | $2.5B | 10.7% | -8% |
| 3 | SYK | STRYKER CORPORATION | 4,677,007 | $1.9B | 8.0% | -8% |
| 4 | PM | PHILIP MORRIS INTL INC | 9,074,195 | $1.7B | 7.2% | -16% |
| 5 | IDXX | IDEXX LABS INC | 2,639,289 | $1.4B | 6.2% | — |
| 6 | V | VISA INC | 3,854,071 | $1.4B | 5.9% | -7% |
| 7 | ADP | AUTOMATIC DATA PROCESSING IN | 4,362,099 | $1.3B | 5.8% | -3% |
| 8 | WAT | WATERS CORP | 3,608,407 | $1.3B | 5.5% | — |
| 9 | GOOGL | ALPHABET INC | 6,803,454 | $1.2B | 5.2% | -1% |
| 10 | MAR | MARRIOTT INTL INC NEW | 4,236,599 | $1.2B | 5.0% | — |
| 11 | FTNT | FORTINET INC | 8,418,362 | $890M | 3.9% | -1% |
| 12 | PG | PROCTER AND GAMBLE CO | 4,572,280 | $728.5M | 3.2% | -1% |
| 13 | MTD | METTLER TOLEDO INTERNATIONAL | 590,037 | $693.1M | 3.0% | — |
| 14 | CHD | CHURCH & DWIGHT CO INC | 6,824,289 | $655.9M | 2.8% | — |
| 15 | OTIS | OTIS WORLDWIDE CORP | 5,819,151 | $576.2M | 2.5% | -1% |
| 16 | TXN | TEXAS INSTRS INC | 2,720,290 | $564.8M | 2.5% | — |
| 17 | ZTS | ZOETIS INC | 2,884,831 | $449.9M | 2.0% | +13% |
| 18 | NKE | NIKE INC | 6,129,483 | $435.4M | 1.9% | — |
| 19 | INTU | INTUIT | 368,540 | $290.3M | 1.3% | +103% |
| 20 | ODD | ODDITY TECH LTD | 1,416,956 | $106.9M | 0.46% | -12% |
| 21 | QLYS | QUALYS INC | 718,602 | $102.7M | 0.45% | — |
| 22 | MSCI | MSCI INC | 166,619 | $96.1M | 0.42% | — |
| 23 | PAYC | PAYCOM SOFTWARE INC | 413,510 | $95.7M | 0.42% | — |
| 24 | CHH | CHOICE HOTELS INTL INC | 733,892 | $93.1M | 0.40% | — |
| 25 | VRT | VERTIV HOLDINGS CO | 724,923 | $93.1M | 0.40% | new |
| 26 | ROL | ROLLINS INC | 1,478,629 | $83.4M | 0.36% | -7% |
| 27 | DOCS | DOXIMITY INC | 1,355,944 | $83.2M | 0.36% | +14% |
| 28 | VRSN | VERISIGN INC | 270,634 | $78.2M | 0.34% | -53% |
| 29 | GGG | GRACO INC | 900,545 | $77.4M | 0.34% | -21% |
| 30 | CLX | CLOROX CO DEL | 613,497 | $73.7M | 0.32% | — |
| 31 | SABR | SABRE CORP | 21,499,095 | $67.9M | 0.30% | — |
| 32 | — | CATALYST PHARMACEUTICALS INC | 2,709,086 | $58.8M | 0.26% | +26% |
| 33 | MANH | MANHATTAN ASSOCIATES INC | 288,332 | $56.9M | 0.25% | new |
| 34 | EXPO | EXPONENT INC | 746,820 | $55.8M | 0.24% | -11% |
| 35 | VRSK | VERISK ANALYTICS INC | 176,195 | $54.9M | 0.24% | -47% |
| 36 | MEDP | MEDPACE HLDGS INC | 127,537 | $40M | 0.17% | — |
| 37 | HD | HOME DEPOT INC | 83,367 | $30.6M | 0.13% | -27% |
| 38 | NSSC | NAPCO SEC TECHNOLOGIES INC | 954,912 | $28.4M | 0.12% | new |
| 39 | MA | MASTERCARD INCORPORATED | 27,663 | $15.5M | 0.07% | -44% |
Sold out in Q2 2025 2
13F filings list US-listed long positions (stocks and ADRs) at the quarter's end: no shorts, cash, bonds or foreign shares; options and principal amounts are left out here. Trades made after the quarter ended don't show until the next filing. Changes compare share counts with the quarter before (splits can show as adds). Not investment advice.