Terry Smith · quarter digest
What Terry Smith did in Q2 2026
Fundsmith filed 39 moves in Q2 2026: 13 new, 3 add, 18 trim, 5 exit.
13F filed 2026-08-14. Manager quality score: q9. Philosophy: Buy good companies. Don't overpay. Do nothing.
New positions · 13
Fresh money
MAMASTERCARD INCORPORATED
NEW·4.7% book·−1
UBERUBER TECHNOLOGIES INC
NEW·4.7% book·+15
TSMTAIWAN SEMICONDUCTOR MANUFAC
NEW·4.0% book·−2
NFLXNETFLIX INC.
NEW·3.7% book·−1
GEVGE VERNOVA INC
NEW·3.5% book·−2
APPAPPLOVIN CORP
NEW·2.6% book·−8
NXTNEXTPOWER INC
NEW·2.5% book·+1
TJXTJX COS INC NEW
NEW·2.5% book·−2
VEEVVEEVA SYS INC
NEW·1.1% book·−2
YUMYUM BRANDS INC
NEW·0.7% book·−4
FICOFAIR ISAAC CORP
NEW·0.2% book·+31
IDCCINTERDIGITAL INC
NEW·0.1% book·−8
ORLYOREILLY AUTOMOTIVE INC
NEW·0.1% book·−4
Adds · 3
Adding to conviction
BMIBADGER METER INC
ADD +23%·0.2% book·+1
MANHMANHATTAN ASSOCIATES INC
ADD +43%·0.2% book·−4
NSSCNAPCO SEC TECHNOLOGIES INC
ADD +58%·0.2% book·−8
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Remove with Pro →Trims · 18
Taking chips off
MARMARRIOTT INTL INC NEW
TRIM -23%·7.0% book·−15
WATWATERS CORP
TRIM -29%·6.2% book·+2
VVISA INC
TRIM -35%·5.1% book·−14
GOOGLALPHABET INC
TRIM -40%·4.6% book·−27
MSFTMICROSOFT CORP
TRIM -23%·4.4% book·−17
ADPAUTOMATIC DATA PROCESSING IN
TRIM -33%·4.3% book·−14
METAMETA PLATFORMS INC
TRIM -20%·4.3% book·−2
FTNTFORTINET INC
TRIM -41%·4.1% book·−8
IDXXIDEXX LABS INC
TRIM -30%·3.9% book·−10
PMPHILIP MORRIS INTL INC
TRIM -43%·3.9% book·−20
TXNTEXAS INSTRS INC
TRIM -31%·3.9% book·−9
MEDPMEDPACE HLDGS INC
TRIM -16%·0.2% book·−24
MSCIMSCI INC
TRIM -17%·0.2% book·+11
NTNXNUTANIX INC
TRIM -7%·0.2% book·−12
DOCSDOXIMITY INC
TRIM -6%·0.1% book·−6
PAYCPAYCOM SOFTWARE INC
TRIM -54%·0.1% book·−14
VRSNVERISIGN INC
TRIM -51%·0.1% book·−11
VRTVERTIV HOLDINGS CO
TRIM -54%·0.1% book·−9
Exits · 5
Closed positions
MTDMETTLER TOLEDO INTERNATIONAL
EXIT·0.0% book·−6
ZTSZOETIS INC
EXIT·0.0% book·−1
OTISOTIS WORLDWIDE CORP
EXIT·0.0% book·−13
QLYSQUALYS INC
EXIT·0.0% book·−12
HDHOME DEPOT INC
EXIT·0.0% book·−4
Current top holdings
Terry Smith’s book, latest snapshot
Other quarters for Terry Smith
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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The Intelligent Investor
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Security Analysis
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