Terry Smith · quarter digest

What Terry Smith did in Q4 2024

Fundsmith filed 11 moves in Q4 2024: 4 new, 2 add, 4 trim, 1 exit.

13F filed 2025-02-14. Manager quality score: q9. Philosophy: Buy good companies. Don't overpay. Do nothing.

New positions · 4

Fresh money

GRACOGRACO INC

NEW·0.4% book·−13

IDEXIDEX CORP

NEW·0.3% book·−4

DOCSDOXIMITY INC

NEW·0.2% book·−5

MEDPMEDPACE HLDGS INC

NEW·0.2% book·−15

Adds · 2

ADD +7%·11.0% book·−8

“Microsoft top-up.”

ADD +5%·9.6% book·0

“Mastercard add.”

Trims · 4

METAMETA PLATFORMS INC

TRIM -6%·11.4% book·+3

ADPAUTOMATIC DATA PROCESSING IN

TRIM -10%·6.3% book·−15

VVISA INC

TRIM -17%·6.2% book·−14

PFEPHILIP MORRIS INTL INC

TRIM -6%·5.8% book·−11

Exits · 1

AAPLApple

EXIT·0.0% book·−20

Current top holdings

#	Ticker	Weight	Conviction
1	MSFT Microsoft	11.2%	−8
2	MA Mastercard	9.8%	0
3	NOVO Novo Nordisk	8.4%	+6
4	META Meta Platforms	6.5%	+3
5	LLY Eli Lilly	5.9%	−6
6	V Visa	5.4%	−14

Other quarters for Terry Smith

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