Fundsmith Terry Smith
Holdings as of the end of Q3 2025, reported in its 13F filing on Nov 14, 2025; changes vs Q2 2025. Source
Reported value
$19.8B
at quarter-end prices
Positions
35
top 10 are 68% of it
Bought · Q3 2025
6
0 new, 6 added 20%+
Sold · Q3 2025
7
4 sold out, 3 cut 20%+
Holdings 35
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q2 2025 |
|---|---|---|---|---|---|---|
| 1 | SYK | STRYKER CORPORATION | 4,591,293 | $1.7B | 8.6% | -2% |
| 2 | IDXX | IDEXX LABS INC | 2,610,457 | $1.7B | 8.4% | -1% |
| 3 | GOOGL | ALPHABET INC | 6,289,352 | $1.5B | 7.7% | -8% |
| 4 | MSFT | MICROSOFT CORP | 2,583,369 | $1.3B | 6.8% | -48% |
| 5 | V | VISA INC | 3,854,336 | $1.3B | 6.6% | — |
| 6 | ADP | AUTOMATIC DATA PROCESSING IN | 4,311,603 | $1.3B | 6.4% | -1% |
| 7 | WAT | WATERS CORP | 3,955,498 | $1.2B | 6.0% | +10% |
| 8 | PM | PHILIP MORRIS INTL INC | 7,188,144 | $1.2B | 5.9% | -21% |
| 9 | META | META PLATFORMS INC | 1,558,664 | $1.1B | 5.8% | -56% |
| 10 | MAR | MARRIOTT INTL INC NEW | 4,228,298 | $1.1B | 5.6% | — |
| 11 | MTD | METTLER TOLEDO INTERNATIONAL | 590,654 | $725.1M | 3.7% | — |
| 12 | FTNT | FORTINET INC | 8,420,092 | $708M | 3.6% | — |
| 13 | PG | PROCTER AND GAMBLE CO | 4,577,040 | $703.3M | 3.6% | — |
| 14 | CHD | CHURCH & DWIGHT CO INC | 6,794,644 | $595.4M | 3.0% | — |
| 15 | OTIS | OTIS WORLDWIDE CORP | 5,819,151 | $532M | 2.7% | — |
| 16 | ZTS | ZOETIS INC | 3,615,131 | $529M | 2.7% | +25% |
| 17 | TXN | TEXAS INSTRS INC | 2,721,881 | $500.1M | 2.5% | — |
| 18 | NKE | NIKE INC | 6,129,483 | $427.4M | 2.2% | — |
| 19 | INTU | INTUIT | 604,456 | $412.8M | 2.1% | +64% |
| 20 | QLYS | QUALYS INC | 870,859 | $115.2M | 0.58% | +21% |
| 21 | PAYC | PAYCOM SOFTWARE INC | 523,433 | $108.9M | 0.55% | +27% |
| 22 | DOCS | DOXIMITY INC | 1,355,944 | $99.2M | 0.50% | — |
| 23 | MSCI | MSCI INC | 166,619 | $94.5M | 0.48% | — |
| 24 | VRT | VERTIV HOLDINGS CO | 591,450 | $89.2M | 0.45% | -18% |
| 25 | ODD | ODDITY TECH LTD | 1,416,956 | $88.3M | 0.45% | — |
| 26 | ROL | ROLLINS INC | 1,478,629 | $86.9M | 0.44% | — |
| 27 | GGG | GRACO INC | 900,545 | $76.5M | 0.39% | — |
| 28 | NSSC | NAPCO SEC TECHNOLOGIES INC | 1,779,857 | $76.4M | 0.39% | +86% |
| 29 | VRSN | VERISIGN INC | 270,634 | $75.7M | 0.38% | — |
| 30 | CLX | CLOROX CO DEL | 613,497 | $75.6M | 0.38% | — |
| 31 | — | CATALYST PHARMACEUTICALS INC | 3,363,807 | $66.3M | 0.33% | +24% |
| 32 | MEDP | MEDPACE HLDGS INC | 127,537 | $65.6M | 0.33% | — |
| 33 | MANH | MANHATTAN ASSOCIATES INC | 288,332 | $59.1M | 0.30% | — |
| 34 | SABR | SABRE CORP | 21,499,095 | $39.3M | 0.20% | — |
| 35 | HD | HOME DEPOT INC | 84,860 | $34.4M | 0.17% | +2% |
Sold out in Q3 2025 4
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.