Terry Smith · quarter digest
What Terry Smith did in Q1 2025
Fundsmith filed 17 moves in Q1 2025: 1 new, 5 add, 9 trim, 2 exit.
13F filed 2025-05-15. Manager quality score: q9. Philosophy: Buy good companies. Don't overpay. Do nothing.
New positions · 1
Fresh money
INTUINTUIT
NEW·0.5% book·−21
Adds · 5
Adding to conviction
TXNTEXAS INSTRS INC
ADD +60%·2.2% book·−9
ZTSZOETIS INC
ADD +1020%·1.9% book·−1
PAYCPAYCOM SOFTWARE INC
ADD +28%·0.4% book·−14
QLYSQUALYS INC
ADD +31%·0.4% book·−12
DOCSDOXIMITY INC
ADD +67%·0.3% book·−6
Trims · 9
Taking chips off
METAMETA PLATFORMS INC
TRIM -15%·10.2% book·−2
MSFTMICROSOFT CORP
TRIM -13%·9.2% book·−17
VVISA INC
TRIM -11%·6.6% book·−14
ADPAUTOMATIC DATA PROCESSING IN
TRIM -10%·6.3% book·−14
VRSNVERISIGN INC
TRIM -9%·0.7% book·−11
VRSKVERISK ANALYTICS INC
TRIM -21%·0.4% book·−16
EFXEQUIFAX INC
TRIM -35%·0.3% book·+4
HDHOME DEPOT INC
TRIM -21%·0.2% book·−4
MAMASTERCARD INCORPORATED
TRIM -23%·0.1% book·−1
Exits · 2
Closed positions
PEPPEPSICO INC
EXIT·0.0% book·−10
IEXIDEX CORP
EXIT·0.0% book·−6
Current top holdings
Terry Smith’s book, latest snapshot
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Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.
Deep dive
Reading for your research
Optional background reading on interpreting company disclosures and investing methods. These books do not validate a signal or predict returns.
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