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Terry Smith Fundsmith LLP

AUM $13.6B
1-Year Est. Return 7.6%
 

Terry Smith is the founder and CEO of Fundsmith, a firm known for a concentrated portfolio of high-quality global companies. His approach favors simple, understandable businesses with high returns on capital and the ability to reinvest at attractive rates. Smith’s annual letters and plain-spoken commentary have made Fundsmith a frequent reference point for long-only quality investors.

This Fund
S&P 500
This Quarter Est. Return
+9.89%
1 Year Est. Return
+7.6%
3 Year Est. Return
+53.18%
5 Year Est. Return
+52.54%
10 Year Est. Return
+342.88%
AUM
$25.6B
AUM Growth
+$2.68B
Cap. Flow
+$520M
Cap. Flow %
2.03%
Top 10 Hldgs %
65.41%
Holding
36
New
2
Increased
18
Reduced
7
Closed
–

Top Buys

Rank Stock Value
1
SBUX icon
Starbucks
SBUX
+$163M
2
WAT icon
Waters Corp
WAT
+$82.8M
3
ADP icon
Automatic Data Processing
ADP
+$61.5M
4
NKE icon
Nike
NKE
+$54.6M
5
BF.B icon
Brown-Forman Class B
BF.B
+$27.8M

Top Sells

Rank Stock Value
1
CHKP icon
Check Point Software Technologies
CHKP
+$25.2M
2
PYPL icon
PayPal
PYPL
+$5.56M
3
MSFT icon
Microsoft
MSFT
+$5.33M
4
META icon
Meta Platforms (Facebook)
META
+$4.11M
5
V icon
Visa
V
+$3.22M

Sector Composition

Rank Sector Weight
1 Consumer Staples 25.1%
2 Healthcare 22.96%
3 Technology 22.11%
4 Financials 14.64%
5 Consumer Discretionary 7.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QLYS icon
26
Qualys
QLYS
$6.3B
$79.8M 0.31%
813,720
+189,908
+30% +$20.3M
AOS icon
27
A.O. Smith
AOS
$8.57B
$78.5M 0.31%
1,487,541
– –
MSCI icon
28
MSCI
MSCI
$41B
$74M 0.29%
207,490
– –
PAYC icon
29
Paycom
PAYC
$10.3B
$66.9M 0.26%
214,794
+18,868
+10% +$5.51M
SABR icon
30
Sabre
SABR
$848M
$66.1M 0.26%
10,156,442
+971,182
+11% +$7.2M
CHKP icon
31
Check Point Software Technologies
CHKP
$13.3B
$40.3M 0.16%
334,691
-206,599
-38% -$25.2M
MELI icon
32
Mercado Libre
MELI
$97.5B
$32.5M 0.13%
30,000
– –
MAR icon
33
Marriott International
MAR
$92.9B
$25.9M 0.1%
279,552
+95,665
+52% +$9.02M
FTNT icon
34
Fortinet
FTNT
$113B
$25M 0.1%
+1,062,225
New +$27.4M
XP icon
35
XP
XP
$8.53B
$10.6M 0.04%
253,367
– –
CL icon
36
Colgate-Palmolive
CL
$72.6B
$8.27M 0.03%
+107,251
New +$8.18M
1
2

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Terry Smith's Q3 2020 Portfolio in Review

As of Q3 2020, Terry Smith held 36 positions worth $25.6B, up 12% from $22.9B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Terry Smith's Q3 2020 filing shows 2 new, 18 increased and 7 reduced positions. Its largest new stake was Fortinet: 1,062,225 shares worth $25M. The largest sale was Check Point Software Technologies, an estimated $25.2M.

By sector, the portfolio is most concentrated in Consumer Staples at 25% of assets, down from 25% a quarter earlier, followed by Healthcare and Technology.

  • Terry Smith's largest Q3 2020 buy was Fortinet: 1,062,225 shares worth $25M.
  • Terry Smith added most to Starbucks in Q3 2020, an estimated $163M increase.
  • Terry Smith's biggest Q3 2020 reduction was Check Point Software Technologies, cutting an estimated $25.2M.
  • Terry Smith's ten largest holdings make up 65% of its $25.6B portfolio in Q3 2020.
  • Terry Smith opened 2 new positions and closed 0 in Q3 2020.
  • Terry Smith's portfolio value rose 12% quarter-over-quarter to $25.6B.

Based on Fundsmith LLP's 13F filing for Q3 2020, filed 12 Nov 2020.