Investor: Terry Smith
Number of Assets: 39
Reporting Period: Q2 - 2025
Holdings at Report: $23,016,527,870
Return Since Report: +$41,331,534
Return Since Report: +0.18%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Catalyst Pharmaceuticals Inc. (CPRX) | Equity | +25.93% | 2,709,086 | 0.26% | $21.70 | $20.06 | $58,787,166 | $54,330,720 | -$4,456,446 | -7.58% |
| The Clorox Company (CLX) | Equity | 0% | 613,497 | 0.32% | $120.07 | $125.58 | $73,662,585 | $77,042,953 | +$3,380,368 | +4.59% |
| Exponent Inc. (EXPO) | Equity | -10.72% | 746,820 | 0.24% | $74.71 | $69.87 | $55,794,922 | $52,180,313 | -$3,614,609 | -6.48% |
| Manhattan Associates Inc. (MANH) | Equity | +100% | 288,332 | 0.25% | $197.47 | $214.30 | $56,936,920 | $61,789,548 | +$4,852,628 | +8.52% |
| Marriott International Inc. (MAR) | Equity | -0.35% | 4,236,599 | 5.03% | $273.21 | $265.36 | $1,157,481,213 | $1,124,223,911 | -$33,257,302 | -2.87% |
| Mastercard Inc. (MA) | Equity | -44.06% | 27,663 | 0.07% | $561.94 | $585.53 | $15,544,946 | $16,197,516 | +$652,570 | +4.20% |
| Mettler-Toledo International Inc. (MTD) | Equity | -0.14% | 590,037 | 3.01% | $1,174.72 | $1,282.92 | $693,128,265 | $756,970,268 | +$63,842,003 | +9.21% |
| Microsoft Corp. (MSFT) | Equity | -7.98% | 4,941,509 | 10.68% | $497.41 | $498.50 | $2,457,955,992 | $2,463,342,237 | +$5,386,244 | +0.22% |
| MSCI Inc. (MSCI) | Equity | 0% | 166,619 | 0.42% | $576.74 | $570.47 | $96,095,842 | $95,051,141 | -$1,044,701 | -1.09% |
| Napco Security Technologies Inc. (NSSC) | Equity | +100% | 954,912 | 0.12% | $29.69 | N/A | $28,351,337 | N/A | N/A | N/A |
| Oddity Tech Ltd. (ODD) | Equity | -12.27% | 1,416,956 | 0.46% | $75.47 | $63.39 | $106,937,669 | $89,820,841 | -$17,116,828 | -16.01% |
| Otis Worldwide Corp. (OTIS) | Equity | -0.81% | 5,819,151 | 2.50% | $99.02 | $96.99 | $576,212,332 | $564,399,455 | -$11,812,877 | -2.05% |
| Qualys Inc. (QLYS) | Equity | 0% | 718,602 | 0.45% | $142.87 | $133.52 | $102,666,668 | $95,947,739 | -$6,718,929 | -6.54% |
| Sabre Corp. (SABR) | Equity | 0% | 21,499,095 | 0.30% | $3.16 | $1.77 | $67,937,140 | $37,945,903 | -$29,991,237 | -44.15% |
| Stryker Corp. (SYK) | Equity | -7.74% | 4,677,007 | 8.04% | $395.63 | $391.24 | $1,850,364,279 | $1,829,832,219 | -$20,532,060 | -1.11% |
| Texas Instruments Inc. (TXN) | Equity | -0.20% | 2,720,290 | 2.45% | $207.62 | $184.41 | $564,786,610 | $501,648,679 | -$63,137,931 | -11.18% |
| Verisign Inc. (VRSN) | Equity | -52.52% | 270,634 | 0.34% | $288.80 | $284.01 | $78,159,099 | $76,862,762 | -$1,296,337 | -1.66% |
| Verisk Analytics Inc. (VRSK) | Equity | -46.71% | 176,195 | 0.24% | $311.50 | $313.10 | $54,884,743 | $55,166,655 | +$281,912 | +0.51% |
| Vertiv Holdings Co (VRT) | Equity | +100% | 724,923 | 0.40% | $128.41 | $124.81 | $93,087,362 | $90,474,015 | -$2,613,347 | -2.81% |
| Visa Inc. (V) | Equity | -6.84% | 3,854,071 | 5.95% | $355.05 | $344.24 | $1,368,387,909 | $1,326,706,131 | -$41,681,778 | -3.05% |
| Waters Corp. (WAT) | Equity | -0.13% | 3,608,407 | 5.47% | $349.04 | $299.74 | $1,259,478,379 | $1,081,583,914 | -$177,894,465 | -14.12% |
| Zoetis Inc. (ZTS) | Equity | +13.29% | 2,884,831 | 1.95% | $155.95 | $150.33 | $449,889,394 | $433,676,644 | -$16,212,750 | -3.60% |
| Alphabet Inc. (GOOGL) | Equity | -0.58% | 6,803,454 | 5.21% | $176.23 | $239.51 | $1,198,972,698 | $1,629,495,268 | +$430,522,570 | +35.91% |
| Automatic Data Processing Inc. (ADP) | Equity | -3.36% | 4,362,099 | 5.84% | $308.40 | $297.31 | $1,345,271,332 | $1,296,895,654 | -$48,375,678 | -3.60% |
| Choice Hotels International Inc. (CHH) | Equity | 0% | 733,892 | 0.40% | $126.88 | $113.91 | $93,116,217 | $83,597,638 | -$9,518,579 | -10.22% |
| Church & Dwight Co. Inc. (CHD) | Equity | -0.34% | 6,824,289 | 2.85% | $96.11 | $94.76 | $655,882,416 | $646,635,504 | -$9,246,912 | -1.41% |
| Doximity Inc. (DOCS) | Equity | +13.96% | 1,355,944 | 0.36% | $61.34 | $69.59 | $83,173,605 | $94,360,143 | +$11,186,538 | +13.45% |
| Fortinet Inc. (FTNT) | Equity | -1.23% | 8,418,362 | 3.87% | $105.72 | $79.91 | $889,989,231 | $672,711,307 | -$217,277,924 | -24.41% |
| Graco Inc. (GGG) | Equity | -20.98% | 900,545 | 0.34% | $85.97 | $84.59 | $77,419,854 | $76,177,102 | -$1,242,752 | -1.61% |
| The Home Depot Inc. (HD) | Equity | -27.34% | 83,367 | 0.13% | $366.64 | $414.70 | $30,565,677 | $34,571,878 | +$4,006,201 | +13.11% |
| Idexx Laboratories Inc. (IDXX) | Equity | -0.34% | 2,639,289 | 6.15% | $536.34 | $653.18 | $1,415,556,262 | $1,723,930,789 | +$308,374,527 | +21.78% |
| Intuit Inc. (INTU) | Equity | +102.91% | 368,540 | 1.26% | $787.63 | $671.75 | $290,273,160 | $247,566,745 | -$42,706,415 | -14.71% |
| Medpace Holdings Inc. (MEDP) | Equity | 0% | 127,537 | 0.17% | $313.86 | $483.48 | $40,028,763 | $61,661,589 | +$21,632,826 | +54.04% |
| Meta Platforms Inc. (META) | Equity | -8.11% | 3,568,752 | 11.44% | $738.09 | $764.18 | $2,634,060,164 | $2,727,168,903 | +$93,108,739 | +3.53% |
| Nike Inc. (NKE) | Equity | -0.10% | 6,129,483 | 1.89% | $71.04 | $73.48 | $435,438,472 | $450,363,763 | +$14,925,291 | +3.43% |
| Paycom Software Inc. (PAYC) | Equity | 0% | 413,510 | 0.42% | $231.40 | $222.04 | $95,686,214 | $91,813,693 | -$3,872,521 | -4.05% |
| Philip Morris International Inc. (PM) | Equity | -16.03% | 9,074,195 | 7.18% | $182.13 | $164.61 | $1,652,683,135 | $1,493,703,239 | -$158,979,896 | -9.62% |
| The Procter & Gamble Company (PG) | Equity | -1.04% | 4,572,280 | 3.16% | $159.32 | $159.48 | $728,455,650 | $729,187,214 | +$731,564 | +0.10% |
| Rollins Inc. (ROL) | Equity | -7.44% | 1,478,629 | 0.36% | $56.42 | $57.13 | $83,424,248 | $84,474,075 | +$1,049,827 | +1.26% |