Fundsmith (Terry Smith)

Fundsmith (Terry Smith) has filed 13F reports from Q1 2013 through Q1 2026. The portfolio has returned 2.5% annualized over five years, with 17.8% volatility and a maximum drawdown of 35.4%. Across all filing periods, 5.7% included restatements and 1.9% introduced new holdings. Review the fund’s investment style metrics, recent position changes, track record by individual position and sector, and related educational resources below.