Terry Smith's Top Holdings in 2025: A Detailed Analysis

Terry Smith, through Fundsmith, maintains a substantial portfolio as of December 31, 2025, with a total value exceeding $17 billion. His investment strategy focuses on specific sectors, evident in his top holdings, which account for a significant portion of his portfolio.

Waters Corp (WAT) stands out as one of Smith's largest holdings, representing approximately 7.9% of the portfolio. This investment in the Healthcare sector saw a reduction in shares during the prior period, decreasing by 10.05%.

Stacy's Corporation (SYK), another major holding in the Healthcare sector, holds about 7.57% of the portfolio. Smith's stake in this company also experienced a decline, with a 19.68% reduction in shares.

IDEXX Labs Inc. (IDXX) is another key position, constituting roughly 7.42% of Fundsmith's assets. This Healthcare stock allocation also showed a significant decrease, with a 28.13% drop in shares.

VISA Inc. (V), a holding in the Financial Services sector, accounts for approximately 7.24% of the portfolio. Smith's stake in this company decreased by 8.29% in terms of share count.

Marrriott International Inc. New (MAR), representing about 7.21% of the portfolio, is another top holding in the Consumer Cyclical sector. This investment saw a moderate reduction, with a 5.87% decrease in shares.

Alphabet Inc. (GOOGL), a Communication Services holding, makes up roughly 6.4% of Smith's portfolio. This position experienced the most significant reduction, with a nearly 45% decrease in shares.

Automatic Data Processing Inc. (ADP), a Technology holding, accounts for about 6.28% of the portfolio. Notably, Smith's stake in this company increased slightly, with only a 3.1% reduction in shares.

Microsoft Corp. (MSFT), another Technology holding, represents approximately 5.88% of the portfolio. This investment also saw a decline, with a 19.49% reduction in shares.

Philip Morris International Inc. (PM), a Consumer Defensive holding, makes up roughly 5.74% of the portfolio. This investment experienced a decrease, with a 14.8% reduction in shares.

META Platforms Inc. (META), representing about 5.26% of the portfolio, is the last of Smith's top holdings. This stock allocation also saw a decrease, with a 12.52% reduction in shares.

For more detailed information on Terry Smith's investment profile, you can visit InsiderSet. To explore each stock holding in greater detail, including company profiles and financials, check out the respective pages on InsiderSet.