Terry Smith Portfolio Analysis: Concentration in Top Holdings as of March 31, 2026

Terry Smith, managing funds through Fundsmith Investment Services, has a substantial portfolio valued at approximately $4.4 billion as of March 31, 2026. This portfolio demonstrates notable concentration in specific holdings, with several stocks accounting for a significant portion of the total value.

The largest position is Marriott International Inc New (MAR), holding 1,199,125 shares worth $392 million, representing 8.9% of the portfolio. This is followed by Striker Corporation (SYK) with 1,185,850 shares valued at $390 million (8.85%) and Waters Corporation (WAT) with 1,096,855 shares worth $326 million (7.41%).

Marriott International operates in the Consumer Cyclical sector, while Striker Corporation and Waters Corporation are both in the Healthcare sector. These three holdings alone account for nearly 25.25% of the total portfolio value, highlighting a concentrated approach to stock selection.

Significant changes in holdings are evident. Marriott International saw a reduction of 264,436 shares (-18.07%) from the previous period. Similarly, Striker Corporation experienced a decline of 367,930 shares (-23.68%) and Waters Corporation saw a decrease of 259,434 shares (-19.13%).

Other major positions include Alphabet Inc (GOOGL) with 1,134,379 shares worth $326 million (7.4%), Visa Inc (V) with 1,025,445 shares worth $310 million (7.04%), and Meta Platforms Inc (META) with 469,040 shares worth $268 million (6.09%). These top ten holdings represent a substantial portion of the portfolio, indicating a focused investment strategy.

For detailed insights into Terry Smith's investment activities, you can visit the investor profile at https://www.insiderset.com/investor/terry-smith-fundsmith-investment-services. Specific information on companies like Marriott International can be found at https://www.insiderset.com/investors/stocks/MAR.