Terry Smith
Portfolio
$13.6B
▼ 46% over 8 quarters
Stocks
41
0 option positions not counted
Bought
+$4.2B
13 new · 4 added
Sold
−$4.9B
6 sold out · 21 cut
Largest holdings
% of portfolio · = Q1 2026nowchange, pts
What they did in Q2 2026 · dollars at the quarter-end price
SoldBought
-$717.0MMTDOUT
UBERNEW+$645.3M
-$458.4MZTSOUT
MANEW+$639.5M
-$422.7MGOOGL
TSMNEW+$548.5M
-$397.9MPM
NFLXNEW+$499.1M
-$388.2MFTNT
GEVNEW+$481.5M
-$372.0MV
APPNEW+$358.9M
-$352.0MWAT
TJXNEW+$344.3M
-$291.0MMAR
NXTNEW+$340.3M
The 8 largest each way of 27 sells and 17 buys; all of them are in the table below.
How the portfolio's mix changed · % of the money, last 8 quarters
Every holding in Q2 2026
| Stock | % of portfolio | Shares | Value | Price | Activity |
|---|---|---|---|---|---|
| MAR Marriott Intl Inc New · CL A | 7.02% | 2.59M | $958.3M | 370.59 | Reduced -23.3% |
| SYK Stryker Corporation | 6.72% | 2.91M | $917.4M | 314.84 | Reduced -4.8% |
| WAT Waters Corp | 6.25% | 2.27M | $852.7M | 375.04 | Reduced -29.2% |
| V Visa Inc · COM CL A | 5.08% | 2.02M | $693.0M | 343.09 | Reduced -34.9% |
| UBER Uber Technologies Inc | 4.73% | 8.94M | $645.3M | 72.16 | New |
| MA Mastercard Incorporated · CL A | 4.69% | 1.25M | $639.5M | 513.60 | New |
| GOOGL Alphabet Inc · CAP STK CL A | 4.64% | 1.77M | $633.7M | 357.37 | Reduced -40.0% |
| CHD Church & Dwight Co Inc | 4.58% | 6.46M | $625.5M | 96.88 | Reduced -2.8% |
| PG Procter & Gamble Co | 4.38% | 4.08M | $598.1M | 146.64 | Reduced -2.9% |
| MSFT Microsoft Corp | 4.36% | 1.60M | $595.6M | 373.02 | Reduced -23.2% |
| META Meta Platforms Inc · CL A | 4.34% | 1.05M | $592.5M | 563.29 | Reduced -20.4% |
| ADP Automatic Data Processing In | 4.27% | 2.60M | $582.6M | 223.95 | Reduced -32.5% |
| FTNT Fortinet Inc | 4.09% | 3.63M | $557.6M | 153.62 | Reduced -41.0% |
| TSM Taiwan Semiconductor Manufac · SPONSORED ADS | 4.02% | 1.15M | $548.5M | 477.57 | New |
| IDXX Idexx Labs Inc | 3.93% | 1.02M | $536.9M | 526.44 | Reduced -30.4% |
| TXN Texas Instrs Inc | 3.93% | 1.80M | $536.3M | 298.07 | Reduced -31.4% |
| PM Philip Morris Intl Inc | 3.86% | 2.91M | $527.1M | 180.91 | Reduced -43.0% |
| NFLX Netflix Inc. | 3.66% | 6.99M | $499.1M | 71.40 | New |
| GEV Ge Vernova Inc | 3.53% | 410K | $481.5M | 1174.86 | New |
| APP Applovin Corp · COM CL A | 2.63% | 697K | $358.9M | 515.23 | New |
| TJX Tjx Cos Inc New | 2.52% | 2.27M | $344.3M | 151.50 | New |
| NXT Nextpower Inc · CLASS A COM | 2.49% | 2.86M | $340.3M | 119.14 | New |
| VEEV Veeva Sys Inc · CL A COM | 1.06% | 817K | $145.0M | 177.47 | New |
| YUM Yum Brands Inc | 0.65% | 556K | $88.9M | 159.86 | New |
| MSCI Msci Inc | 0.22% | 54K | $30.0M | 560.04 | Reduced -17.3% |
| MEDP Medpace Hldgs Inc | 0.20% | 52K | $27.7M | 529.59 | Reduced -16.4% |
| NTNX Nutanix Inc · CL A | 0.20% | 538K | $27.4M | 50.96 | Reduced -6.8% |
| BMI Badger Meter Inc | 0.19% | 175K | $25.9M | 148.38 | Added +22.6% |
| CLX Clorox Co Del | 0.19% | 271K | $25.9M | 95.44 | Added +5.5% |
| ROL Rollins Inc | 0.19% | 620K | $25.9M | 41.74 | |
| MANH Manhattan Associates Inc | 0.18% | 173K | $24.1M | 139.25 | Added +43.1% |
| NSSC Napco Sec Technologies Inc | 0.17% | 607K | $23.1M | 37.98 | Added +58.2% |
| FICO Fair Isaac Corp | 0.16% | 18K | $21.4M | 1194.78 | New |
| SABR Sabre Corp | 0.14% | 9.01M | $18.8M | 2.09 | |
| IDCC Interdigital Inc | 0.13% | 60K | $17.1M | 283.13 | New |
| ORLY Oreilly Automotive Inc | 0.11% | 163K | $15.0M | 92.09 | New |
| VRT Vertiv Holdings Co · COM CL A | 0.10% | 42K | $14.0M | 334.82 | Reduced -54.1% |
| VRSN Verisign Inc | 0.10% | 56K | $14.0M | 251.56 | Reduced -50.9% |
| ADMA Adma Biologics Inc | 0.10% | 1.65M | $13.8M | 8.37 | |
| DOCS Doximity Inc · CL A | 0.10% | 653K | $13.5M | 20.74 | Reduced -5.6% |
| PAYC Paycom Software Inc | 0.09% | 101K | $12.7M | 125.68 | Reduced -54.1% |
Sold out this quarter
| Stock | Shares the quarter before | % of portfolio then |
|---|---|---|
| MTD Mettler Toledo International | 569K | 5.59% |
| ZTS Zoetis Inc | 3.88M | 3.57% |
| OTIS Otis Worldwide Corp | 2.73M | 1.64% |
| CPRX Catalyst Pharmaceuticals Inc | 845K | 0.16% |
| QLYS Qualys Inc | 226K | 0.15% |
| HD Home Depot Inc | 29K | 0.07% |
From the information table of the 13F-HR (and any amendment for the same quarter), lines added up by CUSIP. Values are as reported by the manager. Changes compare share counts with the previous quarter on file; a share split between the two is detected and adjusted for.