Terry Smith: Stock Portfolio, Performance and Latest Trades
Fundsmith
13F portfolio value
$13.6B
41 holdings at Q2 2026
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Terry Smith's portfolio
As of Q2 2026, filed August 14, 2026 · prices as of October 8, 2026
| Company | Share of portfolio | Average buy price | Return | Current price | Last quarter |
|---|---|---|---|---|---|
| 7.02% | $197.44 | +82.9% | $361.08 | Reduced −23% | |
| 6.72% | $129.46 | +114% | $276.97 | Reduced −4.8% | |
Waters Corp.WAT | 6.25% | $181.51 | +136% | $429.13 | Reduced −29% |
| 5.08% | $98.66 | +280% | $375.10 | Reduced −35% | |
| 4.73% | $73.33 | −4.2% | $70.24 | New | |
| 4.69% | $498.62 | +15.3% | $574.76 | New | |
Alphabet Inc.GOOGL | 4.64% | $143.93 | +142% | $348.29 | Reduced −40% |
| 4.58% | $88.01 | +11.0% | $97.73 | Reduced −2.8% | |
| 4.38% | $147.62 | +2.0% | $150.59 | Reduced −2.9% | |
Microsoft Corp.MSFT | 4.36% | $125.78 | +315% | $522.61 | Reduced −23% |
| 4.34% | $186.35 | +287% | $720.89 | Reduced −20% | |
| 4.27% | $115.19 | +135% | $270.73 | Reduced −33% | |
Fortinet Inc.FTNT | 4.09% | $53.81 | +251% | $189.10 | Reduced −41% |
| 4.02% | $405.79 | +12.9% | $457.99 | New | |
| 3.93% | $145.04 | +254% | $513.14 | Reduced −30% | |
| 3.93% | $179.27 | +60.8% | $288.20 | Reduced −31% | |
| 3.86% | $88.20 | +127% | $200.50 | Reduced −43% | |
Netflix Inc.NFLX | 3.66% | $88.07 | −18.7% | $71.57 | New |
| 3.53% | $1,020.67 | −2.1% | $999.35 | New | |
| 2.63% | $482.62 | −42.0% | $280.12 | New | |
| 2.52% | $158.11 | −12.2% | $138.75 | New | |
| 2.49% | $123.40 | −30.9% | $85.26 | New | |
| 1.06% | $164.89 | +72.7% | $284.84 | New | |
| 0.65% | $154.88 | −7.7% | $143.00 | New | |
MSCI Inc.MSCI | 0.22% | $175.19 | +221% | $561.67 | Reduced −17% |
| 0.20% | $339.14 | +77.7% | $602.70 | Reduced −16% | |
Nutanix Inc.NTNX | 0.20% | $61.10 | +19.7% | $73.11 | Reduced −6.8% |
| 0.19% | $152.16 | −16.1% | $127.66 | Added +23% | |
| 0.19% | $132.37 | −37.0% | $83.44 | Added +5.5% | |
Rollins Inc.ROL | 0.19% | $35.57 | −9.3% | $32.26 | No change |
| 0.18% | $168.34 | +22.8% | $206.78 | Added +43% | |
| 0.17% | $33.50 | +5.0% | $35.16 | Added +58% | |
Fair Isaac Corp.FICO | 0.16% | $1,120.17 | −36.8% | $707.43 | New |
Sabre Corp.SABR | 0.14% | $13.59 | −85.8% | $1.93 | No change |
| 0.13% | $297.35 | +10.4% | $328.30 | New | |
| 0.11% | $91.22 | −5.7% | $86.01 | New | |
| 0.10% | $97.24 | +151% | $243.73 | Reduced −54% | |
Verisign Inc.VRSN | 0.10% | $183.71 | +62.1% | $297.79 | Reduced −51% |
| 0.10% | $16.85 | −38.7% | $10.33 | No change | |
| 0.10% | $55.05 | −46.6% | $29.38 | Reduced −5.6% | |
| 0.09% | $201.20 | +14.3% | $229.90 | Reduced −54% |
Terry Smith's buys and sells
| Company | Action | Shares change | Value now |
|---|---|---|---|
| Reduced −0.6% | −29,157 | $2.4B | |
| Reduced −0.6% | −33,560 | $2B | |
Microsoft Corp.MSFT | Reduced −4.1% | −325,421 | $3.2B |
| New | +1,111,306 | $193.6M | |
Fortinet Inc.FTNT | Added +11% | +843,141 | $558.4M |
| Added +7.5% | +42,503 | $812.2M | |
| Reduced −2.6% | −172,996 | $612M | |
| Reduced −0.6% | −27,208 | $1.1B | |
Pepsico Inc.PEP | Reduced −12% | −784,419 | $1B |
| New | +756,944 | $95.6M | |
| Reduced −0.8% | −47,935 | $1.6B | |
| Reduced −19% | −2,860,820 | $939.4M | |
| Reduced −0.9% | −50,452 | $1.4B | |
| Reduced −1.7% | −193,926 | $591.5M | |
Alphabet Inc.GOOGL | Reduced −0.5% | −36,419 | $1.1B |
| Reduced −0.8% | −40,850 | $778.7M | |
| Reduced −1.3% | −92,676 | $748.1M | |
| Sold out | −548,993 | — | |
| Reduced −1.4% | −215,420 | $1.4B | |
| Reduced −0.5% | −14,155 | $1.5B | |
| Reduced −2.3% | −147,050 | $624.9M | |
Sabre Corp.SABR | Reduced −2.6% | −585,209 | $52.5M |
Waters Corp.WAT | Reduced −0.9% | −34,437 | $1.3B |
| Sold out | −278,393 | — | |
| Added +106% | +167,427 | $64.7M | |
Qualys Inc.QLYS | Reduced −9.4% | −58,709 | $94.3M |
MSCI Inc.MSCI | Reduced −17% | −35,306 | $96.3M |
Apple Inc.AAPL | Added +20% | +262,959 | $273.9M |
Verisign Inc.VRSN | Reduced −2.6% | −17,390 | $122.1M |
| Reduced −7.9% | −41,025 | $112.8M | |
Exponent Inc.EXPO | Reduced −2.6% | −28,351 | $86.8M |
Idex Corp.IEX | Reduced −2.6% | −10,095 | $91.2M |
Equifax Inc.EFX | Reduced −2.6% | −12,764 | $126.5M |
| Added +20% | +222,897 | $57.7M | |
Zoetis Inc.ZTS | Added +1.2% | +2,741 | $38.7M |
Graco Inc.GGG | Reduced −2.6% | −31,735 | $109.9M |
| Reduced −2.2% | −3,234 | $56.2M | |
| Reduced −2.6% | −15,653 | $90.1M | |
| Added +1.2% | +772 | $31M | |
Rollins Inc.ROL | Reduced −2.6% | −44,485 | $76.2M |
| Added +1.2% | +1,122 | $26.4M | |
Cognex Corp.CGNX | Reduced −2.6% | −53,083 | $83.4M |
Terry Smith's portfolio by sector
Share of the stock portfolio at Q2 2026.
| Sector | Share |
|---|---|
| Technology | 34% |
| Consumer Staples | 13% |
| Communication Services | 13% |
| Health Care | 11% |
| Consumer Discretionary | 10% |
| Financials | 9.9% |
| Industrials | 9.0% |
Portfolio performance: Terry Smith vs. benchmarks
Your result if you had bought each reported portfolio on the day it was made public and held it until the next report, against the S&P 500 and Nasdaq-100.
- You, copying after each 13F filing – estimated value
- S&P 500
- Nasdaq-100
| Total return | Per year | |
|---|---|---|
| You, copying after each 13F filing – estimated value | +25.2% | +4.6% |
| S&P 500 | +89.0% | +13.6% |
| Nasdaq-100 | +113.3% | +16.4% |
Prices were available for 93% of the portfolio value on average; the rest is left out of the return.
Terry Smith's most traded stocks
Quarters with a buy or a sell, all reports since Q1 2013.
| Company | Quarters bought | Quarters sold |
|---|---|---|
| 35 | 18 | |
| 31 | 20 | |
| 30 | 21 | |
| 27 | 23 | |
Waters Corp.WAT | 27 | 21 |
Microsoft Corp.MSFT | 21 | 26 |
| 23 | 23 | |
Pepsico Inc.PEP | 33 | 13 |
| 34 | 8 | |
| 18 | 20 | |
| 15 | 17 | |
| 17 | 13 | |
| 21 | 8 | |
| 13 | 16 | |
| 19 | 10 |