Terry Smith - Fundsmith Portfolio Balances (Dec 31, 2025)

As of Dec 31, 2025, the Fundsmith portfolio balances reported a total equity value of $17.12B across 37 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Feb 17, 2026, providing an updated snapshot of assets under management.

The portfolio balances highlight WATERS CORP (WAT) as the single largest position, accounting for 7.9% of total equity value, followed by STRYKER CORPORATION (SYK), IDEXX LABS INC (IDXX), VISA INC (V), and others. Collectively, the top five holdings represent 37.3% of the portfolio, showing how capital is distributed among core positions and long-term investments.