What stocks does Terry Smith own? — Fundsmith LLP portfolio & 13F holdings

Terry Smith runs Fundsmith LLP, a multi-strategy investment firm tracked here via SEC 13F filings. As of the Q4 2025 13F filing, the disclosed long-equity portfolio is valued at $17.1B across 37 positions. The largest holdings are WATERS CORP, STRYKER CORPORATION, and IDEXX LABS INC (WATERS CORP alone is 7.9% of the book).

New positions opened in the latest quarter include ADMA BIOLOGICS INC and NUTANIX INC.