We are live on ! Find out more
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
+10.31%
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
$23.9B
AUM Growth
+$1.88B
Cap. Flow
-$214M
Cap. Flow %
-0.9%
Top 10 Hldgs %
65.29%
Holding
40
New
1
Increased
9
Reduced
30
Closed
–

Top Buys

Rank Stock Value
1
FTNT icon
Fortinet
FTNT
+$133M
2
CLX icon
Clorox
CLX
+$80.5M
3
ADP icon
Automatic Data Processing
ADP
+$68.9M
4
ODD icon
ODDITY Tech
ODD
+$17.9M
5
HD icon
Home Depot
HD
+$669K

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$251M
2
IDXX icon
Idexx Laboratories
IDXX
+$111M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$76.8M
4
BF.B icon
Brown-Forman Class B
BF.B
+$24.8M
5
MKC icon
McCormick & Company Non-Voting
MKC
+$14.5M

Sector Composition

Rank Sector Weight
1 Consumer Staples 24.16%
2 Technology 23.28%
3 Healthcare 21.74%
4 Communication Services 11.51%
5 Consumer Discretionary 7.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$3.59T
$2.99B 12.5%
7,943,324
-705,498
-8% -$251M
META icon
2
Meta Platforms (Facebook)
META
$1.4T
$1.77B 7.41%
4,998,706
-7,439
-0.1% -$2.42M
SYK icon
3
Stryker
SYK
$126B
$1.65B 6.91%
5,512,626
-6,177
-0.1% -$1.73M
IDXX icon
4
Idexx Laboratories
IDXX
$43.9B
$1.51B 6.34%
2,728,917
-235,637
-8% -$111M
V icon
5
Visa
V
$693B
$1.49B 6.25%
5,738,531
-18,068
-0.3% -$4.45M
PM icon
6
Philip Morris
PM
$293B
$1.41B 5.92%
15,037,657
-26,879
-0.2% -$2.48M
ADP icon
7
Automatic Data Processing
ADP
$112B
$1.36B 5.67%
5,816,321
+295,809
+5% +$68.9M
WAT icon
8
Waters Corp
WAT
$40.4B
$1.25B 5.24%
3,800,688
-5,806
-0.2% -$1.6M
PEP icon
9
PepsiCo
PEP
$196B
$1.13B 4.71%
6,630,366
-8,906
-0.1% -$1.48M
MKC icon
10
McCormick & Company Non-Voting
MKC
$14.9B
$1.03B 4.32%
15,090,383
-222,282
-1% -$14.5M
MAR icon
11
Marriott International
MAR
$92.9B
$990M 4.15%
4,391,506
-4,175
-0.1% -$846K
GOOGL icon
12
Alphabet (Google) Class A
GOOGL
$4.22T
$980M 4.1%
7,017,411
-571,317
-8% -$76.8M
NKE icon
13
Nike
NKE
$60.5B
$726M 3.04%
6,685,413
-16,849
-0.3% -$1.81M
PG icon
14
Procter & Gamble
PG
$336B
$709M 2.97%
4,839,932
-6,641
-0.1% -$984K
MTD icon
15
Mettler-Toledo International
MTD
$28B
$688M 2.88%
567,593
-927
-0.2% -$1M
CHD icon
16
Church & Dwight Co
CHD
$23.4B
$687M 2.88%
7,264,116
-10,848
-0.1% -$993K
BF.B icon
17
Brown-Forman Class B
BF.B
$13.1B
$665M 2.79%
11,652,706
-433,465
-4% -$24.8M
OTIS icon
18
Otis Worldwide
OTIS
$27.2B
$576M 2.41%
6,442,153
-8,760
-0.1% -$728K
FTNT icon
19
Fortinet
FTNT
$113B
$429M 1.8%
7,331,844
+2,407,603
+49% +$133M
AAPL icon
20
Apple
AAPL
$4.51T
$257M 1.08%
1,334,585
+1,299
+0.1% +$240K
VRSN icon
21
VeriSign
VRSN
$25.5B
$136M 0.57%
661,533
-8,633
-1% -$1.8M
VRSK icon
22
Verisk Analytics
VRSK
$24.4B
$124M 0.52%
519,672
-6,782
-1% -$1.61M
QLYS icon
23
Qualys
QLYS
$6.3B
$122M 0.51%
623,955
-29,940
-5% -$5.24M
EFX icon
24
Equifax
EFX
$22.6B
$120M 0.5%
485,569
-6,337
-1% -$1.29M
MSCI icon
25
MSCI
MSCI
$41B
$117M 0.49%
207,165
-2,704
-1% -$1.4M
1
2

Similar funds

JIC
Johnson Investment Counsel Cincinnati, Ohio $13.7B AUM 21.52% 1-Year Est. Return
BGC
Beutel, Goodman & Co Toronto, Ontario, Canada $13.6B AUM 17.82% 1-Year Est. Return
PMAM
Picton Mahoney Asset Management Toronto, Ontario, Canada $13.5B AUM 51.46% 1-Year Est. Return
MGIA
Moneta Group Investment Advisors St Louis, Missouri $13.5B AUM 24.62% 1-Year Est. Return
BHCM
Brevan Howard Capital Management St. Helier, Jersey $13.5B AUM 44.56% 1-Year Est. Return
HRCM
Hood River Capital Management Palm Beach Gardens, Florida $13.8B AUM 163.97% 1-Year Est. Return
DWM
Dynasty Wealth Management St. Petersburg, Florida $13.5B AUM 21.55% 1-Year Est. Return
VA
Vident Advisory Alpharetta, Georgia $13.9B AUM 53.47% 1-Year Est. Return

Terry Smith's Q4 2023 Portfolio in Review

As of Q4 2023, Terry Smith held 40 positions worth $23.9B, up 8.5% from $22B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Trading was light in Q4 2023: portfolio turnover was 2.5%. Terry Smith opened 1 new position and made no exits, leaving the 40-position portfolio largely intact.

By sector, the portfolio is most concentrated in Consumer Staples at 24% of assets, down from 26% a quarter earlier, followed by Technology and Healthcare.

  • Terry Smith's largest Q4 2023 buy was Clorox: 603,794 shares worth $86.1M.
  • Terry Smith added most to Fortinet in Q4 2023, an estimated $133M increase.
  • Terry Smith's biggest Q4 2023 reduction was Microsoft, cutting an estimated $251M.
  • Terry Smith's ten largest holdings make up 65% of its $23.9B portfolio in Q4 2023.
  • Terry Smith opened 1 new position and closed 0 in Q4 2023.
  • Terry Smith's portfolio value rose 8.5% quarter-over-quarter to $23.9B.

Based on Fundsmith LLP's 13F filing for Q4 2023, filed 14 Feb 2024.