Investor: Terry Smith
Number of Assets: 38
Reporting Period: Q1 - 2025
Holdings at Report: $21,974,626,595
Return Since Report: +$2,222,045,311
Return Since Report: +10.11%
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 | $193.25 | $1,058,234,458 | $1,322,444,069 | +$264,209,611 | +24.97% |
| Automatic Data Processing Inc. (ADP) | Equity | -9.97% | 4,513,899 | 6.28% | $305.53 | $308.48 | $1,379,131,561 | $1,392,424,994 | +$13,293,433 | +0.96% |
| Brown-Forman Corp. (BF-B) | Equity | 0% | 9,637,881 | 1.49% | $33.94 | $30.98 | $327,109,681 | $298,581,553 | -$28,528,128 | -8.72% |
| Catalyst Pharmaceuticals Inc. (CPRX) | Equity | +100% | 2,151,274 | 0.24% | $24.25 | $20.94 | $52,168,395 | $45,036,921 | -$7,131,474 | -13.67% |
| Choice Hotels International Inc. (CHH) | Equity | 0% | 733,892 | 0.44% | $132.78 | $135.00 | $97,446,180 | $99,071,751 | +$1,625,571 | +1.67% |
| Church & Dwight Co. Inc. (CHD) | Equity | -0.14% | 6,847,486 | 3.43% | $110.09 | $96.87 | $753,839,734 | $663,315,969 | -$90,523,765 | -12.01% |
| The Clorox Company (CLX) | Equity | 0% | 613,497 | 0.41% | $147.25 | $130.65 | $90,337,433 | $80,153,383 | -$10,184,050 | -11.27% |
| Doximity Inc. (DOCS) | Equity | +67.47% | 1,189,882 | 0.31% | $58.03 | $60.61 | $69,048,852 | $72,122,318 | +$3,073,466 | +4.45% |
| Equifax Inc. (EFX) | Equity | -35.18% | 235,505 | 0.26% | $243.56 | $247.09 | $57,359,598 | $58,190,930 | +$831,332 | +1.45% |
| Exponent Inc. (EXPO) | Equity | 0% | 836,477 | 0.31% | $81.06 | $72.59 | $67,804,826 | $60,719,865 | -$7,084,961 | -10.45% |
| Fortinet Inc. (FTNT) | Equity | -0.09% | 8,523,040 | 3.73% | $96.26 | $105.05 | $820,427,830 | $895,302,737 | +$74,874,907 | +9.13% |
| Graco Inc. (GGG) | Equity | 0% | 1,139,641 | 0.43% | $83.51 | $84.03 | $95,171,420 | $95,764,033 | +$592,613 | +0.62% |
| The Home Depot Inc. (HD) | Equity | -21.22% | 114,736 | 0.19% | $366.49 | $375.60 | $42,049,597 | $43,094,842 | +$1,045,245 | +2.49% |
| Idexx Laboratories Inc. (IDXX) | Equity | -0.55% | 2,648,331 | 5.06% | $419.95 | $566.47 | $1,112,166,603 | $1,500,200,062 | +$388,033,459 | +34.89% |
| Intuit Inc. (INTU) | Equity | +100% | 181,628 | 0.51% | $613.99 | $790.11 | $111,517,776 | $143,505,191 | +$31,987,415 | +28.68% |
| Marriott International Inc. (MAR) | Equity | -0.09% | 4,251,560 | 4.61% | $238.20 | $278.70 | $1,012,721,592 | $1,184,909,772 | +$172,188,180 | +17.00% |
| Mastercard Inc. (MA) | Equity | -22.77% | 49,454 | 0.12% | $548.12 | $568.79 | $27,106,726 | $28,128,693 | +$1,021,967 | +3.77% |
| Medpace Holdings Inc. (MEDP) | Equity | 0% | 127,537 | 0.18% | $304.69 | $449.04 | $38,859,249 | $57,269,214 | +$18,409,965 | +47.38% |
| Meta Platforms Inc. (META) | Equity | -14.85% | 3,883,796 | 10.19% | $576.36 | $715.15 | $2,238,464,663 | $2,777,496,709 | +$539,032,046 | +24.08% |
| Mettler-Toledo International Inc. (MTD) | Equity | -0.10% | 590,838 | 3.18% | $1,180.91 | $1,264.05 | $697,726,503 | $746,848,774 | +$49,122,271 | +7.04% |
| Microsoft Corp. (MSFT) | Equity | -13.20% | 5,370,162 | 9.17% | $375.39 | $517.06 | $2,015,905,113 | $2,776,695,964 | +$760,790,851 | +37.74% |
| MSCI Inc. (MSCI) | Equity | 0% | 166,619 | 0.43% | $565.50 | $547.92 | $94,223,045 | $91,293,882 | -$2,929,163 | -3.11% |
| Nike Inc. (NKE) | Equity | 0% | 6,135,629 | 1.77% | $63.48 | $76.41 | $389,489,729 | $468,823,412 | +$79,333,683 | +20.37% |
| Oddity Tech Ltd. (ODD) | Equity | 0% | 1,615,158 | 0.32% | $43.26 | $68.62 | $69,871,735 | $110,824,066 | +$40,952,331 | +58.61% |
| 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 | $238.95 | $90,343,665 | $98,806,147 | +$8,462,482 | +9.37% |
| Philip Morris International Inc. (PM) | Equity | -3.91% | 10,805,892 | 7.81% | $158.73 | $161.48 | $1,715,219,237 | $1,744,935,440 | +$29,716,203 | +1.73% |
| The Procter & Gamble Company (PG) | Equity | -0.13% | 4,620,406 | 3.58% | $170.42 | $158.19 | $787,409,591 | $730,902,025 | -$56,507,566 | -7.18% |
| Qualys Inc. (QLYS) | Equity | +31.13% | 718,602 | 0.41% | $125.93 | $137.25 | $90,493,550 | $98,628,125 | +$8,134,575 | +8.99% |
| Sabre Corp. (SABR) | Equity | 0% | 21,499,095 | 0.27% | $2.81 | $3.17 | $60,412,457 | $68,044,636 | +$7,632,179 | +12.63% |
| Stryker Corp. (SYK) | Equity | -4.96% | 5,069,187 | 8.59% | $372.25 | $402.41 | $1,887,004,861 | $2,039,866,195 | +$152,861,334 | +8.10% |
| Rollins Inc. (ROL) | Equity | 0% | 1,597,513 | 0.39% | $54.03 | $58.30 | $86,313,627 | $93,135,008 | +$6,821,381 | +7.90% |
| Texas Instruments Inc. (TXN) | Equity | +60.28% | 2,725,812 | 2.23% | $179.70 | $184.81 | $489,828,416 | $503,760,042 | +$13,931,626 | +2.84% |
| Verisign Inc. (VRSN) | Equity | -8.72% | 570,035 | 0.66% | $253.87 | $306.64 | $144,714,785 | $174,795,532 | +$30,080,747 | +20.79% |
| 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 | $357.12 | $1,449,861,431 | $1,477,414,011 | +$27,552,580 | +1.90% |
| Waters Corp. (WAT) | Equity | -0.59% | 3,613,197 | 6.06% | $368.57 | $302.83 | $1,331,716,018 | $1,094,184,448 | -$237,531,570 | -17.84% |
| Zoetis Inc. (ZTS) | Equity | +1020.18% | 2,546,487 | 1.91% | $164.65 | $152.15 | $419,279,085 | $387,447,997 | -$31,831,088 | -7.59% |