Investor: Terry Smith
Number of Assets: 35
Reporting Period: Q3 - 2025
Holdings at Report: $19,795,225,546
Return Since Report: +$394,213,692
Return Since Report: +1.99%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Fortinet Inc. (FTNT) | Equity | +0.02% | 8,420,092 | 3.58% | $84.08 | $82.14 | $707,961,335 | $691,584,256 | -$16,377,079 | -2.31% |
| Intuit Inc. (INTU) | Equity | +64.01% | 604,456 | 2.09% | $682.91 | $669.19 | $412,789,047 | $404,495,911 | -$8,293,136 | -2.01% |
| MSCI Inc. (MSCI) | Equity | 0% | 166,619 | 0.48% | $567.41 | $547.88 | $94,541,287 | $91,287,218 | -$3,254,069 | -3.44% |
| Paycom Software Inc. (PAYC) | Equity | +26.58% | 523,433 | 0.55% | $208.14 | $166.47 | $108,947,345 | $87,135,892 | -$21,811,453 | -20.02% |
| Rollins Inc. (ROL) | Equity | 0% | 1,478,629 | 0.44% | $58.74 | $59.82 | $86,854,667 | $88,451,587 | +$1,596,920 | +1.84% |
| The Clorox Company (CLX) | Equity | 0% | 613,497 | 0.38% | $123.30 | $103.95 | $75,644,180 | $63,775,467 | -$11,868,713 | -15.69% |
| The Home Depot Inc. (HD) | Equity | +1.79% | 84,860 | 0.17% | $405.19 | $357.13 | $34,384,423 | $30,305,628 | -$4,078,796 | -11.86% |
| Microsoft Corp. (MSFT) | Equity | -47.72% | 2,583,369 | 6.76% | $517.95 | $478.84 | $1,338,055,974 | $1,237,020,412 | -$101,035,562 | -7.55% |
| Stryker Corp. (SYK) | Equity | -1.83% | 4,591,293 | 8.57% | $369.67 | $353.21 | $1,697,263,283 | $1,621,690,601 | -$75,572,682 | -4.45% |
| Church & Dwight Co. Inc. (CHD) | Equity | -0.43% | 6,794,644 | 3.01% | $87.63 | $87.01 | $595,414,654 | $591,201,974 | -$4,212,680 | -0.71% |
| Sabre Corp. (SABR) | Equity | 0% | 21,499,095 | 0.20% | $1.83 | $1.51 | $39,343,344 | $32,463,633 | -$6,879,711 | -17.49% |
| Vertiv Holdings Co (VRT) | Equity | -18.41% | 591,450 | 0.45% | $150.86 | $162.96 | $89,226,147 | $96,382,692 | +$7,156,545 | +8.02% |
| Idexx Laboratories Inc. (IDXX) | Equity | -1.09% | 2,610,457 | 8.43% | $638.89 | $698.64 | $1,667,794,873 | $1,823,769,678 | +$155,974,805 | +9.35% |
| Napco Security Technologies Inc. (NSSC) | Equity | +86.39% | 1,779,857 | 0.39% | $42.95 | $42.34 | $76,444,858 | $75,359,145 | -$1,085,713 | -1.42% |
| The Procter & Gamble Company (PG) | Equity | +0.10% | 4,577,040 | 3.55% | $153.65 | $142.59 | $703,262,196 | $652,617,248 | -$50,644,948 | -7.20% |
| Graco Inc. (GGG) | Equity | 0% | 900,545 | 0.39% | $84.96 | $83.51 | $76,510,303 | $75,204,513 | -$1,305,790 | -1.71% |
| Medpace Holdings Inc. (MEDP) | Equity | 0% | 127,537 | 0.33% | $514.16 | $559.83 | $65,574,424 | $71,399,039 | +$5,824,615 | +8.88% |
| Doximity Inc. (DOCS) | Equity | 0% | 1,355,944 | 0.50% | $73.15 | $44.04 | $99,187,304 | $59,715,774 | -$39,471,530 | -39.79% |
| Marriott International Inc. (MAR) | Equity | -0.20% | 4,228,298 | 5.56% | $260.44 | $300.47 | $1,101,217,931 | $1,270,476,700 | +$169,258,769 | +15.37% |
| Meta Platforms Inc. (META) | Equity | -56.32% | 1,558,664 | 5.78% | $734.38 | $646.63 | $1,144,651,668 | $1,007,878,902 | -$136,772,766 | -11.95% |
| Verisign Inc. (VRSN) | Equity | 0% | 270,634 | 0.38% | $279.57 | $242.71 | $75,661,147 | $65,684,225 | -$9,976,922 | -13.19% |
| Automatic Data Processing Inc. (ADP) | Equity | -1.16% | 4,311,603 | 6.39% | $293.50 | $265.85 | $1,265,455,481 | $1,146,239,658 | -$119,215,823 | -9.42% |
| Oddity Tech Ltd. (ODD) | Equity | 0% | 1,416,956 | 0.45% | $62.30 | $43.82 | $88,276,359 | $62,091,012 | -$26,185,347 | -29.66% |
| Visa Inc. (V) | Equity | +0.01% | 3,854,336 | 6.65% | $341.38 | $347.47 | $1,315,793,224 | $1,339,266,130 | +$23,472,906 | +1.78% |
| Nike Inc. (NKE) | Equity | 0% | 6,129,483 | 2.16% | $69.73 | $67.41 | $427,408,850 | $413,157,802 | -$14,251,048 | -3.33% |
| Philip Morris International Inc. (PM) | Equity | -20.78% | 7,188,144 | 5.89% | $162.20 | $152.73 | $1,165,916,957 | $1,097,809,292 | -$68,107,665 | -5.84% |
| Catalyst Pharmaceuticals Inc. (CPRX) | Equity | +24.17% | 3,363,807 | 0.33% | $19.70 | $23.57 | $66,266,998 | $79,284,931 | +$13,017,933 | +19.64% |
| Mettler-Toledo International Inc. (MTD) | Equity | +0.10% | 590,654 | 3.66% | $1,227.61 | $1,398.91 | $725,092,757 | $826,271,787 | +$101,179,030 | +13.95% |
| Texas Instruments Inc. (TXN) | Equity | +0.06% | 2,721,881 | 2.53% | $183.73 | $179.53 | $500,091,196 | $488,659,296 | -$11,431,900 | -2.29% |
| Zoetis Inc. (ZTS) | Equity | +25.32% | 3,615,131 | 2.67% | $146.32 | $118.68 | $528,965,968 | $429,036,517 | -$99,929,451 | -18.89% |
| Alphabet Inc. (GOOGL) | Equity | -7.56% | 6,289,352 | 7.72% | $243.10 | $309.47 | $1,528,941,471 | $1,946,365,763 | +$417,424,292 | +27.30% |
| Manhattan Associates Inc. (MANH) | Equity | 0% | 288,332 | 0.30% | $204.98 | $173.83 | $59,102,293 | $50,120,752 | -$8,981,541 | -15.20% |
| Otis Worldwide Corp. (OTIS) | Equity | 0% | 5,819,151 | 2.69% | $91.43 | $88.05 | $532,044,976 | $512,376,246 | -$19,668,730 | -3.70% |
| Qualys Inc. (QLYS) | Equity | +21.19% | 870,859 | 0.58% | $132.33 | $151.87 | $115,240,771 | $132,257,356 | +$17,016,585 | +14.77% |
| Waters Corp. (WAT) | Equity | +9.62% | 3,955,498 | 5.99% | $299.81 | $386.45 | $1,185,897,855 | $1,528,602,202 | +$342,704,347 | +28.90% |