Investor: Terry Smith
Number of Assets: 34
Reporting Period: Q1 - 2026
Holdings at Report: $12,827,766,987
Return Since Report: +$1,032,539,460
Return Since Report: +8.05%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Automatic Data Processing Inc. (ADP) | Equity | -7.73% | 3,855,105 | 6.11% | $203.18 | $214.48 | $783,280,234 | $826,842,920 | +$43,562,686 | +5.56% |
| Doximity Inc. (DOCS) | Equity | -58.07% | 691,786 | 0.13% | $23.30 | $18.97 | $16,118,614 | $13,123,180 | -$2,995,434 | -18.58% |
| Alphabet Inc. (GOOGL) | Equity | -15.50% | 2,956,198 | 6.63% | $287.56 | $396.78 | $850,084,297 | $1,172,960,242 | +$322,875,945 | +37.98% |
| Church & Dwight Co. Inc. (CHD) | Equity | -1.29% | 6,641,508 | 4.83% | $93.32 | $94.05 | $619,785,527 | $624,633,827 | +$4,848,300 | +0.78% |
| The Clorox Company (CLX) | Equity | -58.07% | 257,217 | 0.21% | $103.63 | $90.45 | $26,655,398 | $23,265,278 | -$3,390,120 | -12.72% |
| The Home Depot Inc. (HD) | Equity | -64.33% | 28,611 | 0.07% | $328.89 | $297.51 | $9,409,872 | $8,512,059 | -$897,813 | -9.54% |
| Medpace Holdings Inc. (MEDP) | Equity | -24.10% | 62,668 | 0.23% | $480.19 | $415.27 | $30,092,547 | $26,024,140 | -$4,068,407 | -13.52% |
| MSCI Inc. (MSCI) | Equity | -61.12% | 64,788 | 0.27% | $539.01 | $561.72 | $34,921,380 | $36,392,715 | +$1,471,335 | +4.21% |
| Napco Security Technologies Inc. (NSSC) | Equity | -78.45% | 383,596 | 0.12% | $39.39 | $36.22 | $15,109,846 | $13,893,847 | -$1,215,999 | -8.05% |
| Nutanix Inc. (NTNX) | Equity | -58.07% | 577,392 | 0.17% | $38.01 | $46.34 | $21,946,670 | $26,756,345 | +$4,809,675 | +21.92% |
| The Procter & Gamble Company (PG) | Equity | -1.13% | 4,199,914 | 4.73% | $144.44 | $141.57 | $606,635,578 | $594,581,825 | -$12,053,753 | -1.99% |
| Qualys Inc. (QLYS) | Equity | -65.10% | 226,077 | 0.15% | $87.85 | $90.02 | $19,860,864 | $20,351,452 | +$490,588 | +2.47% |
| Verisign Inc. (VRSN) | Equity | -58.07% | 113,467 | 0.22% | $248.36 | $297.57 | $28,180,664 | $33,764,375 | +$5,583,711 | +19.81% |
| Waters Corp. (WAT) | Equity | -9.72% | 3,212,075 | 7.46% | $297.80 | $329.19 | $956,555,935 | $1,057,382,969 | +$100,827,034 | +10.54% |
| Adma Biologics Inc. (ADMA) | Equity | -21.53% | 1,649,493 | 0.12% | $9.01 | $8.27 | $14,861,932 | $13,641,307 | -$1,220,625 | -8.21% |
| Badger Meter Inc. (BMI) | Equity | +100% | 142,491 | 0.17% | $152.35 | N/A | $21,708,504 | N/A | N/A | N/A |
| Catalyst Pharmaceuticals Inc. (CPRX) | Equity | -74.88% | 844,887 | 0.16% | $24.76 | $31.18 | $20,919,402 | $26,343,577 | +$5,424,175 | +25.93% |
| Fortinet Inc. (FTNT) | Equity | -5.51% | 6,156,675 | 3.92% | $81.72 | $122.78 | $503,123,481 | $755,916,557 | +$252,793,076 | +50.24% |
| Marriott International Inc. (MAR) | Equity | -15.30% | 3,370,872 | 8.59% | $327.07 | $353.17 | $1,102,511,105 | $1,190,490,864 | +$87,979,759 | +7.98% |
| Microsoft Corp. (MSFT) | Equity | -0.01% | 2,079,737 | 6.00% | $370.17 | $421.92 | $769,856,245 | $877,482,635 | +$107,626,390 | +13.98% |
| Philip Morris International Inc. (PM) | Equity | -16.51% | 5,113,163 | 6.59% | $165.34 | $189.61 | $845,410,370 | $969,506,836 | +$124,096,466 | +14.68% |
| Stryker Corp. (SYK) | Equity | -16.98% | 3,061,416 | 7.84% | $328.59 | $306.76 | $1,005,950,683 | $939,119,972 | -$66,830,711 | -6.64% |
| Texas Instruments Inc. (TXN) | Equity | -0.02% | 2,623,124 | 3.97% | $194.14 | $302.73 | $509,253,293 | $794,098,329 | +$284,845,036 | +55.93% |
| Visa Inc. (V) | Equity | -12.18% | 3,104,090 | 7.31% | $302.24 | $325.75 | $938,180,162 | $1,011,157,318 | +$72,977,156 | +7.78% |
| Idexx Laboratories Inc. (IDXX) | Equity | -21.87% | 1,465,786 | 6.42% | $561.89 | $528.79 | $823,610,496 | $775,092,979 | -$48,517,517 | -5.89% |
| Manhattan Associates Inc. (MANH) | Equity | -58.07% | 120,888 | 0.13% | $133.12 | $131.32 | $16,092,611 | $15,875,012 | -$217,599 | -1.35% |
| Meta Platforms Inc. (META) | Equity | -3.09% | 1,321,375 | 5.89% | $572.13 | $614.23 | $755,998,279 | $811,628,166 | +$55,629,887 | +7.36% |
| Mettler-Toledo International Inc. (MTD) | Equity | -2.07% | 568,516 | 5.59% | $1,261.20 | $1,032.08 | $717,012,379 | $586,753,993 | -$130,258,386 | -18.17% |
| Otis Worldwide Corp. (OTIS) | Equity | -12.23% | 2,731,635 | 1.64% | $77.08 | $71.01 | $210,554,426 | $193,973,401 | -$16,581,025 | -7.87% |
| Paycom Software Inc. (PAYC) | Equity | -58.07% | 219,457 | 0.21% | $121.54 | $136.24 | $26,672,804 | $29,898,822 | +$3,226,018 | +12.09% |
| Rollins Inc. (ROL) | Equity | -58.07% | 619,935 | 0.26% | $53.41 | $53.42 | $33,110,728 | $33,113,828 | +$3,100 | +0.01% |
| Sabre Corp. (SABR) | Equity | -58.07% | 9,013,783 | 0.10% | $1.45 | $1.60 | $13,069,985 | $14,376,984 | +$1,306,999 | +10.00% |
| Vertiv Holdings Co (VRT) | Equity | -77.79% | 91,254 | 0.18% | $250.58 | $370.94 | $22,866,427 | $33,849,759 | +$10,983,332 | +48.03% |
| Zoetis Inc. (ZTS) | Equity | -0.60% | 3,877,559 | 3.57% | $118.21 | $74.22 | $458,366,249 | $287,792,429 | -$170,573,820 | -37.21% |