Terry Smith 13F Holdings
Fundsmith Equity Fund. The 'English Warren Buffett'. Terry Smith runs a highly concentrated, buy-and-hold portfolio of high-quality compounding businesses. His simple motto is 'Buy good companies. Don't overpay. Do nothing.'
As of the latest Q1 2026 filing, Terry Smith (managing Fundsmith Equity Fund) reported a public portfolio value of $12.8B with 34 positions. The top recent buy was BMI. The top recent sell was MAR.
Open interactive portfolioTerry Smith 13F portfolio overview
Terry Smith's Q1 2026 13F holdings show Fundsmith Equity Fund reporting 34 positions with a disclosed portfolio value of $12.8B. For readers searching Terry Smith 13F holdings, Terry Smith portfolio, or Fundsmith Equity Fund holdings, the latest top holdings include MARRIOTT INTL INC NEW, STRYKER, WATERS, VISA, and Alphabet.
The three largest reported positions add up to roughly 23.9%, which helps readers judge portfolio concentration rather than just headline AUM. The largest reported sector exposure is Health Care at 31.3% of the disclosed portfolio. This makes the page useful for comparing the manager's actual disclosed exposure with market narratives around the same names.
The latest change data highlights reported buys such as BADGER METER and reported reductions or exits such as MARRIOTT INTL INC NEW, STRYKER, WATERS, VISA, and Alphabet. Those changes should be read as historical disclosure signals, not as real-time trade alerts.
The filing metadata lists report date 2026-03-31, filing date 2026-05-15, SEC accession 0001569205-26-000005. SEC 13F reports are normally published up to 45 days after quarter end, so the data is best used to understand institutional positioning after the fact rather than to infer today's exact portfolio.
Top reported holdings
| Holding | Reported value | Weight | Quarter change |
|---|---|---|---|
| MAR whale holders MARRIOTT INTL INC NEW | $1.10B | 8.6% | Reduced |
| SYK whale holders STRYKER CORPORATION | $1.01B | 7.8% | Reduced |
| WAT whale holders WATERS CORP | $956.6M | 7.5% | Reduced |
| V whale holders VISA INC | $938.2M | 7.3% | Reduced |
| GOOGL whale holders ALPHABET INC | $850.1M | 6.6% | Reduced |
| PM whale holders PHILIP MORRIS INTL INC | $845.4M | 6.6% | Reduced |
| IDXX whale holders IDEXX LABS INC | $823.6M | 6.4% | Reduced |
| ADP whale holders AUTOMATIC DATA PROCESSING IN | $783.3M | 6.1% | Reduced |
| MSFT whale holders MICROSOFT CORP | $769.9M | 6.0% | Reduced |
| META whale holders META PLATFORMS INC | $756.0M | 5.9% | Reduced |
Top buys
- BMI whale holders — BADGER METER INC ($21.7M)
Top sells
- MAR whale holders — MARRIOTT INTL INC NEW ($1.10B)
- SYK whale holders — STRYKER CORPORATION ($1.01B)
- WAT whale holders — WATERS CORP ($956.6M)
- V whale holders — VISA INC ($938.2M)
- GOOGL whale holders — ALPHABET INC ($850.1M)
- PM whale holders — PHILIP MORRIS INTL INC ($845.4M)
Allocation
- Health Care: 31.3%
- Information Technology: 20.7%
- Consumer Staples: 16.1%
- Communication Services: 12.5%
- Consumer Discretionary: 8.7%
- Financials: 7.6%
- Other: 2.7%
- Industrials: 0.3%
Data notes
Report date: 2026-03-31
Disclosure source: SEC 13F
13F filings are delayed public disclosures and do not include every asset class, short positions, or real-time trades.
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Frequently asked questions
What is Terry Smith buying?
The latest tracked change data for Terry Smith highlights reported buys such as BADGER METER. Because 13F data is historical, use it as a research trail rather than a live trade alert.
Terry Smith 13F portfolio
The Q1 2026 SEC 13F profile for Terry Smith and Fundsmith Equity Fund shows 34 reported positions, $12.8B in disclosed portfolio value, and top holdings including MARRIOTT INTL INC NEW, STRYKER, WATERS, VISA, and Alphabet.
Fundsmith Equity Fund holdings
Fundsmith Equity Fund holdings are summarized from public disclosures with reported values, weights, top buys, top sells, and filing metadata where available.
How delayed is Terry Smith's 13F data?
SEC Form 13F requires institutional investment managers with $100M+ in US equities to disclose their holdings quarterly. Read our comprehensive 13F guide.