Investor: Terry Smith
Number of Assets: 38
Reported Holdings: $21,974,626,595
Reporting Period: Q1 - 2025
Return Since Report: +$1,747,626,833
Return Since Report: +7.95%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alphabet Inc. (GOOGL) | Equity | -0.07% | 6,843,213 | 4.82% | $154.64 | $166.18 | $1,058,234,458 | $1,137,205,136 | +$78,970,678 | +7.46% |
| Automatic Data Processing Inc. (ADP) | Equity | -9.97% | 4,513,899 | 6.28% | $305.53 | $326.53 | $1,379,131,561 | $1,473,923,440 | +$94,791,879 | +6.87% |
| Brown-Forman Corp. (BF-B) | Equity | 0% | 9,637,881 | 1.49% | $33.94 | $33.21 | $327,109,681 | $320,074,028 | -$7,035,653 | -2.15% |
| Catalyst Pharmaceuticals Inc. (CPRX) | Equity | +100% | 2,151,274 | 0.24% | $24.25 | $24.91 | $52,168,395 | $53,588,235 | +$1,419,840 | +2.72% |
| Choice Hotels International Inc. (CHH) | Equity | 0% | 733,892 | 0.44% | $132.78 | $127.63 | $97,446,180 | $93,666,636 | -$3,779,544 | -3.88% |
| Church & Dwight Co. Inc. (CHD) | Equity | -0.14% | 6,847,486 | 3.43% | $110.09 | $99.54 | $753,839,734 | $681,598,756 | -$72,240,978 | -9.58% |
| The Clorox Company (CLX) | Equity | 0% | 613,497 | 0.41% | $147.25 | $130.09 | $90,337,433 | $79,809,825 | -$10,527,608 | -11.65% |
| Doximity Inc. (DOCS) | Equity | +67.47% | 1,189,882 | 0.31% | $58.03 | $53.51 | $69,048,852 | $63,670,586 | -$5,378,266 | -7.79% |
| Equifax Inc. (EFX) | Equity | -35.18% | 235,505 | 0.26% | $243.56 | $263.47 | $57,359,598 | $62,048,502 | +$4,688,904 | +8.17% |
| Exponent Inc. (EXPO) | Equity | 0% | 836,477 | 0.31% | $81.06 | $78.24 | $67,804,826 | $65,445,960 | -$2,358,866 | -3.48% |
| Fortinet Inc. (FTNT) | Equity | -0.09% | 8,523,040 | 3.73% | $96.26 | $102.88 | $820,427,830 | $876,850,355 | +$56,422,525 | +6.88% |
| Graco Inc. (GGG) | Equity | 0% | 1,139,641 | 0.43% | $83.51 | $84.42 | $95,171,420 | $96,208,493 | +$1,037,073 | +1.09% |
| The Home Depot Inc. (HD) | Equity | -21.22% | 114,736 | 0.19% | $366.49 | $373.08 | $42,049,597 | $42,805,707 | +$756,110 | +1.80% |
| Idexx Laboratories Inc. (IDXX) | Equity | -0.55% | 2,648,331 | 5.06% | $419.95 | $525.83 | $1,112,166,603 | $1,392,571,890 | +$280,405,287 | +25.21% |
| Intuit Inc. (INTU) | Equity | +100% | 181,628 | 0.51% | $613.99 | $764.66 | $111,517,776 | $138,883,666 | +$27,365,890 | +24.54% |
| Marriott International Inc. (MAR) | Equity | -0.09% | 4,251,560 | 4.61% | $238.20 | $264.40 | $1,012,721,592 | $1,124,112,464 | +$111,390,872 | +11.00% |
| Mastercard Inc. (MA) | Equity | -22.77% | 49,454 | 0.12% | $548.12 | $581.97 | $27,106,726 | $28,780,744 | +$1,674,018 | +6.18% |
| Medpace Holdings Inc. (MEDP) | Equity | 0% | 127,537 | 0.18% | $304.69 | $306.07 | $38,859,249 | $39,035,250 | +$176,001 | +0.45% |
| Meta Platforms Inc. (META) | Equity | -14.85% | 3,883,796 | 10.19% | $576.36 | $666.85 | $2,238,464,663 | $2,589,909,363 | +$351,444,700 | +15.70% |
| Mettler-Toledo International Inc. (MTD) | Equity | -0.10% | 590,838 | 3.18% | $1,180.91 | $1,166.46 | $697,726,503 | $689,188,893 | -$8,537,610 | -1.22% |
| Microsoft Corp. (MSFT) | Equity | -13.20% | 5,370,162 | 9.17% | $375.39 | $462.97 | $2,015,905,113 | $2,486,223,901 | +$470,318,788 | +23.33% |
| MSCI Inc. (MSCI) | Equity | 0% | 166,619 | 0.43% | $565.50 | $566.41 | $94,223,045 | $94,374,668 | +$151,623 | +0.16% |
| Nike Inc. (NKE) | Equity | 0% | 6,135,629 | 1.77% | $63.48 | $62.37 | $389,489,729 | $382,679,181 | -$6,810,548 | -1.75% |
| Oddity Tech Ltd. (ODD) | Equity | 0% | 1,615,158 | 0.32% | $43.26 | $77.26 | $69,871,735 | $124,787,107 | +$54,915,372 | +78.59% |
| Otis Worldwide Corp. (OTIS) | Equity | -1.68% | 5,866,737 | 2.76% | $103.20 | $96.99 | $605,447,258 | $569,014,822 | -$36,432,436 | -6.02% |
| Paycom Software Inc. (PAYC) | Equity | +28.18% | 413,510 | 0.41% | $218.48 | $263.80 | $90,343,665 | $109,083,938 | +$18,740,273 | +20.74% |
| Philip Morris International Inc. (PM) | Equity | -3.91% | 10,805,892 | 7.81% | $158.73 | $182.37 | $1,715,219,237 | $1,970,670,524 | +$255,451,287 | +14.89% |
| The Procter & Gamble Company (PG) | Equity | -0.13% | 4,620,406 | 3.58% | $170.42 | $166.85 | $787,409,591 | $770,914,741 | -$16,494,850 | -2.09% |
| Qualys Inc. (QLYS) | Equity | +31.13% | 718,602 | 0.41% | $125.93 | $142.56 | $90,493,550 | $102,443,901 | +$11,950,351 | +13.21% |
| Sabre Corp. (SABR) | Equity | 0% | 21,499,095 | 0.27% | $2.81 | $2.56 | $60,412,457 | $55,037,683 | -$5,374,774 | -8.90% |
| Stryker Corp. (SYK) | Equity | -4.96% | 5,069,187 | 8.59% | $372.25 | $381.01 | $1,887,004,861 | $1,931,410,939 | +$44,406,078 | +2.35% |
| Rollins Inc. (ROL) | Equity | 0% | 1,597,513 | 0.39% | $54.03 | $58.34 | $86,313,627 | $93,198,908 | +$6,885,281 | +7.98% |
| Texas Instruments Inc. (TXN) | Equity | +60.28% | 2,725,812 | 2.23% | $179.70 | $188.08 | $489,828,416 | $512,670,721 | +$22,842,305 | +4.66% |
| Verisign Inc. (VRSN) | Equity | -8.72% | 570,035 | 0.66% | $253.87 | $275.76 | $144,714,785 | $157,192,852 | +$12,478,067 | +8.62% |
| Verisk Analytics Inc. (VRSK) | Equity | -20.84% | 330,624 | 0.45% | $297.62 | $313.10 | $98,400,315 | $103,518,374 | +$5,118,059 | +5.20% |
| Visa Inc. (V) | Equity | -10.50% | 4,137,024 | 6.60% | $350.46 | $365.86 | $1,449,861,431 | $1,513,571,601 | +$63,710,170 | +4.39% |
| Waters Corp. (WAT) | Equity | -0.59% | 3,613,197 | 6.06% | $368.57 | $349.39 | $1,331,716,018 | $1,262,414,900 | -$69,301,118 | -5.20% |
| Zoetis Inc. (ZTS) | Equity | +1020.18% | 2,546,487 | 1.91% | $164.65 | $170.30 | $419,279,085 | $433,666,736 | +$14,387,651 | +3.43% |