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

Terry Smith's portfolio, as of March 31, 2026, demonstrates notable concentration in specific sectors, with holdings spanning major corporations across various industries. The portfolio is dominated by ten top holdings, each contributing significantly to the overall allocation.

Marriott International Inc New (MAR) stands as the largest holding, accounting for 8.59% of the portfolio with a total stock value of $1.10 billion. This position represents a decrease in shares held, reflecting a -15.3% change from the prior period.

Striker Corporation (SYK) is another key holding, representing 7.84% of the portfolio. This Healthcare stock has seen a reduction in shares, with a -16.98% change from the prior period.

Waters Corporation (WAT) holds a 7.46% allocation in the portfolio. This Healthcare stock also experienced a decline in shares, with a -9.72% change from the prior period.

VISA INC (V) is a significant position at 7.31% allocation. This Financial Services stock saw a decrease in shares, reflecting a -12.18% change from the prior period.

ALPHABET INC (GOOGL) represents 6.63% of the portfolio. This Communication Services stock experienced a -15.5% change in shares from the prior period.

PHILIP MORRIS INTL INC (PM) holds a 6.59% allocation. This Consumer Defensive stock saw a substantial -16.51% change in shares from the prior period.

IDEXX LABS INC (IDXX) is positioned at 6.42% allocation. This Healthcare stock experienced a significant -21.87% change in shares from the prior period.

AUTOMATIC DATA PROCESSING IN (ADP) represents 6.11% of the portfolio. This Technology stock saw a -7.73% change in shares from the prior period.

Microsoft Corp (MSFT) holds a 6.0% allocation. This Technology stock experienced a negligible -0.01% change in shares from the prior period.

META PLATFORMS INC (META) is positioned at 5.89% allocation. This Communication Services stock saw a minor -3.09% change in shares from the prior period.