Terry Smith's Portfolio Shows Widespread Reduction in Holdings Across Sectors
Terry Smith's portfolio experienced significant reductions in most top holdings during the quarter, with notable decreases in positions like Google (GOOGL) and IDEXX (IDXX), while maintaining allocations in companies like Microsoft (MSFT) and Visa (V).
Terry Smith's portfolio, as of December 31, 2025, reflects significant adjustments in holdings across various sectors, with most top positions showing reductions in share count during the quarter.
Among the top holdings, WAT (Waters Corp) saw a decrease of 10.05% in its share count, while SYK (Stryker Corp) experienced a larger reduction of 19.68%. Similarly, IDXX (IDEXX Labs) reported a substantial 28.13% decrease in shares, V (Visa) saw an 8.29% reduction, and MAR (Marriott Intl) decreased by 5.87%.
Other notable changes include GOOGL (Alphabet), which saw a dramatic 44.37% reduction in shares, ADP (Automatic Data Processing) with a 3.1% decrease, MSFT (Microsoft) at 19.49% lower shares, PM (Philip Morris International) with a 14.8% reduction, and META (Meta Platforms) decreasing by 12.52%.
For detailed insights into Terry Smith's investment approach and holdings, visit InsiderSet. You can also explore each stock's performance and details by visiting their respective pages on WAT, SYK, IDXX, V, MAR, GOOGL, ADP, MSFT, PM, and META.