Terry Smith Portfolio Analysis: Q1 2026 Holdings Shifts

Terry Smith's portfolio, as of March 31, 2026, reflects notable quarterly trends, with significant reductions in several major holdings while showing modest increases in others.

The most pronounced decrease occurred in Alphabet Inc. (GOOGL), commonly known as Google. The position saw a substantial reduction of 41.72% in shares during the quarter, representing a significant shift away from this tech giant. Similarly, healthcare companies Striker Corporation (SYK) and Waters Corporation (WAT) experienced substantial declines, with share reductions of 23.68% and 19.13% respectively.

Other notable decreases include Marriott International Inc. New (MAR) (-18.07%), Meta Platforms Inc. (META) (-33.7%), IDEXX Labs Inc. (IDXX) (-30.04%), and Philip Morris International Inc. (PM) (-24.91%). These reductions span sectors including Consumer Cyclical, Communication Services, and Consumer Defensive.

In contrast, the portfolio saw modest increases in two holdings. Automatic Data Processing Inc. (ADP) increased its position by 8.14%, while Mettler Toledo International (MTD) saw a 12.23% increase in its stake during the quarter.

These changes occurred across various sectors, with Technology and Healthcare being particularly affected by the reductions, while the Financial Services sector also saw a decrease with Visa Inc. (V).

For a detailed view of Terry Smith's investment profile and holdings, visit the investor profile at https://www.insiderset.com/investor/terry-smith-fundsmith-investment-services. Detailed analysis of individual stocks like Alphabet Inc. (GOOGL) can be found at https://www.insiderset.com/investors/stocks/GOOGL, Striker Corporation (SYK) at https://www.insiderset.com/investors/stocks/SYK, and so on for all other holdings listed.