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TS

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
+12.92%
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
$36.1B
AUM Growth
+$4.64B
Cap. Flow
+$766M
Cap. Flow %
2.12%
Top 10 Hldgs %
63.8%
Holding
43
New
1
Increased
34
Reduced
6
Closed
–

Top Buys

Rank Stock Value
1
CHD icon
Church & Dwight Co
CHD
+$260M
2
NKE icon
Nike
NKE
+$111M
3
BF.B icon
Brown-Forman Class B
BF.B
+$104M
4
JNJ icon
Johnson & Johnson
JNJ
+$85.2M
5
MKC icon
McCormick & Company Non-Voting
MKC
+$52.1M

Top Sells

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$4.04M
2
MSFT icon
Microsoft
MSFT
+$3.63M
3
PM icon
Philip Morris
PM
+$3.35M
4
ADP icon
Automatic Data Processing
ADP
+$3.25M
5
BDX icon
Becton Dickinson
BDX
+$1.55M

Sector Composition

Rank Sector Weight
1 Consumer Staples 24.77%
2 Healthcare 23.28%
3 Technology 22.29%
4 Financials 14.5%
5 Consumer Discretionary 7.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VRSN icon
26
VeriSign
VRSN
$25.5B
$134M 0.37%
588,541
+3,226
+0.6% +$702K
IPGP icon
27
IPG Photonics
IPGP
$3.12B
$134M 0.37%
633,458
+3,471
+0.6% +$731K
AOS icon
28
A.O. Smith
AOS
$8.57B
$127M 0.35%
1,768,126
+9,690
+0.6% +$669K
MSCI icon
29
MSCI
MSCI
$41B
$112M 0.31%
209,762
+1,149
+0.6% +$548K
QLYS icon
30
Qualys
QLYS
$6.3B
$107M 0.3%
1,066,674
+5,608
+0.5% +$571K
MASI
31
DELISTED
Masimo
MASI
$105M 0.29%
433,438
+2,375
+0.6% +$542K
WING icon
32
Wingstop
WING
$3.14B
$88.4M 0.25%
560,949
+113,394
+25% +$16.3M
PAYC icon
33
Paycom
PAYC
$10.3B
$78.9M 0.22%
217,122
+1,190
+0.6% +$422K
ROL icon
34
Rollins
ROL
$17.8B
$76.6M 0.21%
2,240,687
+398,260
+22% +$13.9M
ZTS icon
35
Zoetis
ZTS
$32.1B
$41.1M 0.11%
220,555
+8,348
+4% +$1.45M
MAR icon
36
Marriott International
MAR
$92.9B
$40.6M 0.11%
297,432
+1,251
+0.4% +$180K
PG icon
37
Procter & Gamble
PG
$336B
$40.5M 0.11%
300,204
+215,641
+255% +$29.2M
MELI icon
38
Mercado Libre
MELI
$97.5B
$37.7M 0.1%
24,225
– –
TSM icon
39
TSMC
TSM
$2.17T
$15.6M 0.04%
129,633
+11,652
+10% +$1.37M
XP icon
40
XP
XP
$8.53B
$11M 0.03%
253,367
– –
CL icon
41
Colgate-Palmolive
CL
$72.6B
$9.94M 0.03%
122,131
+2,102
+2% +$172K
WNS
42
DELISTED
WNS Holdings
WNS
$9.48M 0.03%
+118,721
New +$8.82M
HD icon
43
Home Depot
HD
$335B
$1.39M ﹤0.01%
4,345
-920
-17% -$293K
1
2

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PMAM
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MGIA
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HRCM
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DWM
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Terry Smith's Q2 2021 Portfolio in Review

As of Q2 2021, Terry Smith held 43 positions worth $36.1B, up 15% from $31.4B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Trading was light in Q2 2021: portfolio turnover was 2.3%. Terry Smith opened 1 new position and made no exits, leaving the 43-position portfolio largely intact.

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 Q2 2021 buy was WNS Holdings: 118,721 shares worth $9.48M.
  • Terry Smith added most to Church & Dwight Co in Q2 2021, an estimated $260M increase.
  • Terry Smith's biggest Q2 2021 reduction was PayPal, cutting an estimated $4.04M.
  • Terry Smith's ten largest holdings make up 64% of its $36.1B portfolio in Q2 2021.
  • Terry Smith opened 1 new position and closed 0 in Q2 2021.
  • Terry Smith's portfolio value rose 15% quarter-over-quarter to $36.1B.

Based on Fundsmith LLP's 13F filing for Q2 2021, filed 13 Aug 2021.