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Terry Smith · quarter digest

What Terry Smith did in Q3 2024

Fundsmith filed 5 moves in Q3 2024: 0 new, 2 add, 3 trim, 0 exit.

13F filed 2024-11-14. Manager quality score: q9. Philosophy: Buy good companies. Don't overpay. Do nothing.

Adds · 2

Adding to conviction

ADD +6%·10.5% book·+2

Microsoft top-up.

TXNTEXAS INSTRUMENTS INC
ADD +10%·1.4% book·−2
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Trims · 3

Taking chips off

PFEPHILIP MORRIS INTERNATIONAL
TRIM -17%·5.8% book·−4
EFXEQUIFAX INC
TRIM -21%·0.4% book·+8
VRSKVERISK ANALYTICS INC
TRIM -10%·0.4% book·−21
Current top holdings

Terry Smith’s book, latest snapshot

#TickerWeight
1MSFT
Microsoft
11.2%
2MA
Mastercard
9.8%
3NOVO
Novo Nordisk
8.4%
4META
Meta Platforms
6.5%
5LLY
Eli Lilly
5.9%
6V
Visa
5.4%
Other quarters for Terry Smith

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.