Terry Smith's Portfolio Snapshot: Focus on Top Holdings Decline in March 2026

Terry Smith, managing the Fundsmith portfolio as of March 31, 2026, holds a substantial portfolio valued at approximately $12.8 billion. The top holdings demonstrate a clear pattern of declining positions, with most experiencing significant reductions in shares held compared to the previous period.

The portfolio's largest position, Marriott International (MAR), saw a reduction of 15.3%, followed by Striker Corporation (SYK) and Waters Corporation (WAT), both down over 16%. Visa (V) and Alphabet (GOOGL) also experienced notable decreases of 12.18% and 15.5%, respectively. Philip Morris International (PM) and IDEXX Laboratories (IDXX) followed, both seeing reductions exceeding 16%.

In the Technology sector, Automatic Data Processing (ADP) and Microsoft (MSFT) showed the most significant declines, with reductions of 7.73% and 21.87% for ADP and IDXX, respectively. Microsoft's position barely changed (-0.01%), while the Meta Platforms (META) position decreased slightly by 3.09%.

For detailed analysis of Terry Smith's investment strategy and holdings, visit the investor profile at https://www.insiderset.com/investor/terry-smith-fundsmith. For specific stock information, including Marriott International, Striker Corporation, and others, explore the stock profiles at https://www.insiderset.com/investors/stocks.