13F Notebook
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Fund detail

Fundsmith (Terry Smith)

growth, quality, concentrated, active

Quarters 53
2025-09-30 $19.80B
Positions 35
Showing 13 of 13 rows (filtered from 39)

Price is the latest implied close from the selected quarter's 13F (value ÷ shares). Est. Cost is a running average that assumes each quarter's trades cleared near the midpoint of consecutive 13F closes (or yfinance VWAP when available). Most accurate for slow accumulators, least accurate for activists who build positions in a few days.

# Issuer Value ↓ Weight Shares Share Δ Share Δ % Prev Weight First Held Price Est. Cost Unrealized % Status
1 VISA INC V $1.32B 6.65% 3,854,336 +265 +0.01% 5.95% 2013-03-31 $341 ~$100 +241.07%
2 WATERS CORP WAT $1.19B 5.99% 3,955,498 +347,091 +9.62% 5.47% 2013-03-31 $300 ~$180 +66.42%
3 METTLER TOLEDO INTERNATIONAL MTD $725.1M 3.66% 590,654 +617 +0.10% 3.01% 2022-03-31 $1,228 ~$1,335 -8.01%
4 FORTINET INC FTNT $708.0M 3.58% 8,420,092 +1,730 +0.02% 3.87% 2020-09-30 $84 ~$55 +52.68%
5 PROCTER AND GAMBLE CO PG $703.3M 3.55% 4,577,040 +4,760 +0.10% 3.16% 2013-03-31 $154 ~$149 +3.10%
6 ZOETIS INC ZTS $529.0M 2.67% 3,615,131 +730,300 +25.32% 1.95% 2020-12-31 $146 ~$161 -9.33%
7 TEXAS INSTRS INC TXN $500.1M 2.53% 2,721,881 +1,591 +0.06% 2.45% 2024-03-31 $184 ~$181 +1.58%
8 INTUIT INTU $412.8M 2.09% 604,456 +235,916 +64.01% 1.26% 2017-06-30 $683 ~$553 +23.43%
9 QUALYS INC QLYS $115.2M 0.58% 870,859 +152,257 +21.19% 0.45% 2020-06-30 $132 ~$116 +13.70%
10 PAYCOM SOFTWARE INC PAYC $108.9M 0.55% 523,433 +109,923 +26.58% 0.42% 2018-12-31 $208 ~$205 +1.61%
11 NAPCO SEC TECHNOLOGIES INC NSSC $76.4M 0.39% 1,779,857 +824,945 +86.39% 0.12% 2025-06-30 $43 ~$33 +31.09%
12 CATALYST PHARMACEUTICALS INC CPRX $66.3M 0.33% 3,363,807 +654,721 +24.17% 0.26% 2025-03-31 $20 ~$23 -15.62%
13 HOME DEPOT INC HD $34.4M 0.17% 84,860 +1,493 +1.79% 0.13% 2021-03-31 $405 ~$327 +24.02%