Fundsmith Terry Smith
Holdings as of the end of Q4 2025, reported in its 13F filing on Feb 17, 2026; changes vs Q3 2025. Source
Reported value
$17.1B
at quarter-end prices
Positions
37
top 10 are 67% of it
Bought · Q4 2025
4
2 new, 2 added 20%+
Sold · Q4 2025
8
0 sold out, 8 cut 20%+
Holdings 37
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q3 2025 |
|---|---|---|---|---|---|---|
| 1 | WAT | WATERS CORP | 3,557,978 | $1.4B | 7.9% | -10% |
| 2 | SYK | STRYKER CORPORATION | 3,687,511 | $1.3B | 7.6% | -20% |
| 3 | IDXX | IDEXX LABS INC | 1,876,035 | $1.3B | 7.4% | -28% |
| 4 | V | VISA INC | 3,534,684 | $1.2B | 7.2% | -8% |
| 5 | MAR | MARRIOTT INTL INC NEW | 3,979,927 | $1.2B | 7.2% | -6% |
| 6 | GOOGL | ALPHABET INC | 3,498,519 | $1.1B | 6.4% | -44% |
| 7 | ADP | AUTOMATIC DATA PROCESSING IN | 4,177,969 | $1.1B | 6.3% | -3% |
| 8 | MSFT | MICROSOFT CORP | 2,079,971 | $1B | 5.9% | -19% |
| 9 | PM | PHILIP MORRIS INTL INC | 6,124,597 | $982.4M | 5.7% | -15% |
| 10 | META | META PLATFORMS INC | 1,363,539 | $900.1M | 5.3% | -13% |
| 11 | MTD | METTLER TOLEDO INTERNATIONAL | 580,507 | $809.3M | 4.7% | -2% |
| 12 | PG | PROCTER AND GAMBLE CO | 4,248,048 | $608.8M | 3.6% | -7% |
| 13 | CHD | CHURCH AND DWIGHT CO INC | 6,728,404 | $564.2M | 3.3% | -1% |
| 14 | FTNT | FORTINET INC | 6,516,011 | $517.4M | 3.0% | -23% |
| 15 | ZTS | ZOETIS INC | 3,900,803 | $490.8M | 2.9% | +8% |
| 16 | TXN | TEXAS INSTRS INC | 2,623,552 | $455.2M | 2.7% | -4% |
| 17 | INTU | INTUIT | 625,619 | $414.4M | 2.4% | +4% |
| 18 | NKE | NIKE INC | 5,770,181 | $367.6M | 2.1% | -6% |
| 19 | OTIS | OTIS WORLDWIDE CORP | 3,112,380 | $271.9M | 1.6% | -47% |
| 20 | MSCI | MSCI INC | 166,619 | $95.6M | 0.56% | — |
| 21 | ROL | ROLLINS INC | 1,478,629 | $88.7M | 0.52% | — |
| 22 | QLYS | QUALYS INC | 647,806 | $86.1M | 0.50% | -26% |
| 23 | PAYC | PAYCOM SOFTWARE INC | 523,433 | $83.4M | 0.49% | — |
| 24 | ODD | ODDITY TECH LTD | 2,074,167 | $83.3M | 0.49% | +46% |
| 25 | — | CATALYST PHARMACEUTICALS INC | 3,363,807 | $78.5M | 0.46% | — |
| 26 | NSSC | NAPCO SEC TECHNOLOGIES INC | 1,779,857 | $74.2M | 0.43% | — |
| 27 | DOCS | DOXIMITY INC | 1,650,002 | $73.1M | 0.43% | +22% |
| 28 | NTNX | NUTANIX INC | 1,377,158 | $71.2M | 0.42% | new |
| 29 | VRT | VERTIV HOLDINGS CO | 410,944 | $66.6M | 0.39% | -31% |
| 30 | VRSN | VERISIGN INC | 270,634 | $65.8M | 0.38% | — |
| 31 | CLX | CLOROX CO DEL | 613,497 | $61.9M | 0.36% | — |
| 32 | MANH | MANHATTAN ASSOCIATES INC | 288,332 | $50M | 0.29% | — |
| 33 | GGG | GRACO INC | 579,016 | $47.5M | 0.28% | -36% |
| 34 | MEDP | MEDPACE HLDGS INC | 82,567 | $46.4M | 0.27% | -35% |
| 35 | ADMA | ADMA BIOLOGICS INC | 2,102,054 | $38.3M | 0.22% | new |
| 36 | SABR | SABRE CORP | 21,499,095 | $29.2M | 0.17% | — |
| 37 | HD | HOME DEPOT INC | 80,206 | $27.6M | 0.16% | -5% |
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.