GB Meka
All whale portfolios
Quality style

Terry Smith

Fundsmith LLP · Focuses on strong companies with a lasting competitive edge

13F report Q2 2026Filed with the SEC on 2026-08-14
Portfolio value (US stocks)
$13.6B
Stocks held
41
New / Added
13 / 4
Trimmed / Sold out
18 / 6

Top 5 holdings: MAR 7.0%, SYK 6.7%, WAT 6.2%, V 5.1%, UBER 4.7%

Holdings in or near the buy zone today

From stocks Terry Smith holds · latest close

See all

Price levels and picks are calculated automatically with the same formula for every stock — for education only, not a recommendation to buy or sell. · How it's calculated

Trades in Q2 2026

Compared with the previous quarter's report

UBER

UBER TECHNOLOGIES INC

$645M
4.7% of portfolio
MA

MASTERCARD INCORPORATED

$639M
4.7% of portfolio
TSM

TAIWAN SEMICONDUCTOR MANUFAC

$548M
4.0% of portfolio
NFLX

NETFLIX INC.

$499M
3.7% of portfolio
GEV

GE VERNOVA INC

$481M
3.5% of portfolio
APP

APPLOVIN CORP

$359M
2.6% of portfolio
TJX

TJX COS INC NEW

$344M
2.5% of portfolio
NXT

NEXTPOWER INC

$340M
2.5% of portfolio
VEEV

VEEVA SYS INC

$145M
1.1% of portfolio
YUM

YUM BRANDS INC

$89M
0.7% of portfolio
FICO

FAIR ISAAC CORP

$21M
0.2% of portfolio
IDCC

INTERDIGITAL INC

$17M
0.1% of portfolio
ORLY

OREILLY AUTOMOTIVE INC

$15M
0.1% of portfolio

All holdings

Weight = value of that stock ÷ total value of US stocks in the report

MARTrimmed

MARRIOTT INTL INC NEW · Consumer Cyclical · shares -23%

7.0%
$958M
Since report -2.4%
SYKHeld

STRYKER CORPORATION · Healthcare

6.7%
$917M
Since report -12.7%
WATTrimmedNear target

WATERS CORP · Healthcare · shares -29%

6.2%
$853M
Since report +18.8%
VTrimmedNear buy zone

VISA INC · Financial Services · shares -35%

5.1%
$693M
Since report +6.0%
UBERNew buy

UBER TECHNOLOGIES INC · Technology

4.7%
$645M
Since report -4.4%
MANew buyNear buy zone

MASTERCARD INCORPORATED · Financial Services

4.7%
$639M
Since report +9.1%
GOOGLTrimmedHit target T1

ALPHABET INC · Communication Services · shares -40%

4.6%
$634M
Since report -2.0%
CHDHeld

CHURCH & DWIGHT CO INC

4.6%
$626M
PGHeldNear buy zone

PROCTER & GAMBLE CO · Consumer Defensive

4.4%
$598M
Since report +1.2%
MSFTTrimmed

MICROSOFT CORP · Technology · shares -23%

4.4%
$596M
Since report +39.3%
METATrimmed

META PLATFORMS INC · Communication Services · shares -20%

4.3%
$593M
Since report +29.9%
ADPTrimmed

AUTOMATIC DATA PROCESSING IN · Technology · shares -33%

4.3%
$583M
Since report +18.3%
FTNTTrimmedNear target

FORTINET INC · Technology · shares -41%

4.1%
$558M
Since report +17.0%
TSMNew buy

TAIWAN SEMICONDUCTOR MANUFAC · Technology

4.0%
$548M
Since report -3.5%
IDXXTrimmedNear buy zone

IDEXX LABS INC · Healthcare · shares -30%

3.9%
$537M
Since report -0.4%
TXNTrimmed

TEXAS INSTRS INC · Technology · shares -31%

3.9%
$536M
Since report -5.5%
PMTrimmed

PHILIP MORRIS INTL INC · Consumer Defensive · shares -43%

3.9%
$527M
Since report +6.5%
NFLXNew buy

NETFLIX INC. · Communication Services

3.7%
$499M
Since report -1.8%
GEVNew buy

GE VERNOVA INC · Industrials

3.5%
$481M
Since report -18.8%
APPNew buy

APPLOVIN CORP · Communication Services

2.6%
$359M
Since report -41.9%

Portfolio value over time

Each quarter per the 13F report (value at quarter end)

Latest $13.6B

Q1 202538 stocks
Q2 202539 stocks
Q3 202535 stocks
Q4 202537 stocks
Q1 202634 stocks
Q2 202641 stocks
Top holdings’ weight over time
QuarterMARSYKWATVUBER
Q2 20267.0%6.7%6.2%5.1%4.7%
Q1 20268.6%7.8%7.5%7.3%–
Q4 20257.2%7.6%7.9%7.2%–
Q3 20255.6%8.6%6.0%6.6%–
Q2 20255.0%8.0%5.5%5.9%–
Q1 20254.6%8.6%6.1%6.6%–

Sector breakdown

Technology
29.1%
Healthcare
18.4%
Communication Services
15.3%
Consumer Cyclical
10.5%
Financial Services
10.0%
Consumer Defensive
8.4%
Other / funds / unknown
4.6%
Industrials
3.8%

Other whales

13F reports show only US stocks held at quarter end and can be filed up to 45 days late · They exclude short sales, options and other assets · For educational purposes only — not investment advice