Hedge Funds
T
growth Terry Smith
Fundsmith LLP
Portfolio Value $17.12B
Holdings 37
Quarter Q1 2026
Filing Date Feb 16, 2026
1yr Return +7.0%
3yr Return +47.4%
Sector Allocation
Healthcare31.9%Technology22.5%Consumer Defensive13.4%Communication Services11.7%Consumer Cyclical10.0%Financial Services7.8%
| Stock 37 | % of Portfolio i Weight of this holding as a percentage of the total portfolio | Value i Total dollar value of the position (shares x price) | Shares i Number of shares held | Reported Price i Price per share as reported in the SEC filing | Recent Activity i Activity in the most recent 13F filing with percentage change | Current Price within 52W Range i Current stock price positioned within the 52-week high/low range | +/- Reported Price i Percentage change from the filing reported price to the current price. Green = gain, Red = loss |
|---|---|---|---|---|---|---|---|
 W WAT WATERS CORP | 7.90% | $1.35B | 3,557,978 | $379.83 | Reduce 10.05% | $304.24 $277.72 $412.54 | -19.90% |
 S SYK STRYKER CORPORATION | 7.57% | $1.30B | 3,687,511 | $351.47 | Reduce 19.68% | $331.54 $325.22 $400.53 | -5.67% |
 I IDXX Idexx Laboratories | 7.42% | $1.27B | 1,876,035 | $676.53 | Reduce 28.13% | $569.55 $361.04 $766.68 | -15.81% |
 V V Visa | 7.24% | $1.24B | 3,534,684 | $350.71 | Reduce 8.29% | $300.80 $295.52 $371.15 | -14.23% |
 M MAR MARRIOTT INTL INC NEW | 7.21% | $1.23B | 3,979,927 | $310.24 | Reduce 5.87% | $331.93 $209.14 $359.25 | +6.99% |
 A GOOGL ALPHABET INC | 6.40% | $1.10B | 3,498,519 | $313.00 | Reduce 44.37% | $295.77 $144.20 $343.45 | -5.50% |
 A ADP AUTOMATIC DATA PROCESSING IN | 6.28% | $1.07B | 4,177,969 | $257.23 | Reduce 3.10% | $204.01 $201.25 $318.79 | -20.69% |
 M MSFT Microsoft | 5.88% | $1.01B | 2,079,971 | $483.62 | Reduce 19.49% | $373.46 $351.87 $539.83 | -22.78% |
 P PM Philip Morris International, Inc. | 5.74% | $982.38M | 6,124,597 | $160.40 | Reduce 14.80% | $158.10 $141.76 $188.12 | -1.43% |
 M META Meta Platforms, Inc. | 5.26% | $900.06M | 1,363,539 | $660.09 | Reduce 12.52% | $574.46 $483.15 $788.15 | -12.97% |
 M MTD Mettler Toledo | 4.73% | $809.34M | 580,507 | $1,394.19 | Reduce 1.72% | $1,260 $970.15 $1,506 | -9.63% |
 P PG Procter & Gamble Co. | 3.56% | $608.79M | 4,248,048 | $143.31 | Reduce 7.19% | $143.12 $137.07 $167.79 | -0.13% |
 C CHD Church & Dwight | 3.30% | $564.18M | 6,728,404 | $83.85 | Reduce 0.97% | $92.85 $81.26 $109.34 | +10.73% |
 F FTNT FORTINET INC | 3.02% | $517.44M | 6,516,011 | $79.41 | Reduce 22.61% | $82.53 $74.39 $108.69 | +3.93% |
 Z ZTS Zoetis Inc | 2.87% | $490.80M | 3,900,803 | $125.82 | Add 7.90% | $117.94 $113.35 $168.42 | -6.26% |
 T TXN Texas Instruments | 2.66% | $455.16M | 2,623,552 | $173.49 | Reduce 3.61% | $194.87 $141.15 $226.56 | +12.32% |
 I INTU Intuit | 2.42% | $414.42M | 625,619 | $662.42 | Add 3.50% | $422.48 $358.71 $804.44 | -36.22% |
 N NKE Nike | 2.15% | $367.62M | 5,770,181 | $63.71 | Reduce 5.86% | $44.19 $44.19 $77.81 | -30.64% |
 O OTIS Otis Worldwide Corp. | 1.59% | $271.87M | 3,112,380 | $87.35 | Reduce 46.51% | $77.86 $75.95 $102.40 | -10.86% |
 M MSCI MSCI Inc. | 0.56% | $95.59M | 166,619 | $573.73 | — | $544.78 $499.82 $622.30 | -5.05% |
 R ROL ROLLINS INC | 0.52% | $88.75M | 1,478,629 | $60.02 | — | $53.93 $50.05 $65.40 | -10.15% |
 Q QLYS Qualys | 0.50% | $86.09M | 647,806 | $132.90 | Reduce 25.61% | $88.36 $85.63 $153.80 | -33.51% |
 P PAYC PAYCOM SOFTWARE INC | 0.49% | $83.41M | 523,433 | $159.36 | — | $123.56 $114.12 $263.95 | -22.46% |
 O ODD ODDITY TECH LTD | 0.49% | $83.34M | 2,074,167 | $40.18 | Add 46.38% | $13.86 $11.77 $77.35 | -65.51% |
 C CPRX CATALYST PHARMACEUTICALS INC | 0.46% | $78.51M | 3,363,807 | $23.34 | — | $24.69 $19.13 $26.31 | +5.78% |
 N NSSC NAPCO SEC TECHNOLOGIES INC | 0.43% | $74.22M | 1,779,857 | $41.70 | — | $39.87 $19.52 $47.06 | -4.39% |
 D DOCS DOXIMITY INC | 0.43% | $73.06M | 1,650,002 | $44.28 | Add 21.69% | $22.77 $22.77 $75.12 | -48.58% |
 N NTNX NUTANIX INC | 0.42% | $71.19M | 1,377,158 | $51.69 | Buy | $41.10 $36.86 $83.07 | -20.49% |
 V VRT VERTIV HOLDINGS CO | 0.39% | $66.58M | 410,944 | $162.01 | Reduce 30.52% | $261.29 $59.34 $276.16 | +61.28% |
 V VRSN VERISIGN INC | 0.38% | $65.75M | 270,634 | $242.95 | — | $259.85 $211.49 $303.03 | +6.96% |
 C CLX Clorox Company | 0.36% | $61.86M | 613,497 | $100.83 | — | $101.14 $96.36 $142.83 | +0.31% |
 M MANH MANHATTAN ASSOCIATES INC | 0.29% | $49.97M | 288,332 | $173.31 | — | $134.56 $127.40 $227.94 | -22.36% |
 G GGG GRACO INC | 0.28% | $47.46M | 579,016 | $81.97 | Reduce 35.70% | $84.62 $73.04 $94.82 | +3.23% |
 M MEDP MEDPACE HLDGS INC | 0.27% | $46.37M | 82,567 | $561.64 | Reduce 35.26% | $498.34 $277.23 $620.59 | -11.27% |
 A ADMA ADMA BIOLOGICS INC | 0.22% | $38.34M | 2,102,054 | $18.24 | Buy | $9.19 $8.29 $24.51 | -49.62% |
 S SABR SABRE CORP | 0.17% | $29.24M | 21,499,095 | $1.36 | — | $1.45 $0.82 $3.42 | +6.62% |
 H HD Home Depot | 0.16% | $27.60M | 80,206 | $344.09 | Reduce 5.48% | $321.63 $320.75 $417.91 | -6.53% |
Activity - Q1 2026
| Stock 28 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| W WAT WATERS CORP | WATERS CORP | Reduce 10.05% | 7.90% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 19.68% | 7.57% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 28.13% | 7.42% |
| V V Visa | Visa | Reduce 8.29% | 7.24% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 5.87% | 7.21% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 44.37% | 6.40% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 3.10% | 6.28% |
| M MSFT Microsoft | Microsoft | Reduce 19.49% | 5.88% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 14.80% | 5.74% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 12.52% | 5.26% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 1.72% | 4.73% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 7.19% | 3.56% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.97% | 3.30% |
| F FTNT FORTINET INC | FORTINET INC | Reduce 22.61% | 3.02% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 7.90% | 2.87% |
| T TXN Texas Instruments | Texas Instruments | Reduce 3.61% | 2.66% |
| I INTU Intuit | Intuit | Add 3.50% | 2.42% |
| N NKE Nike | Nike | Reduce 5.86% | 2.15% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 46.51% | 1.59% |
| Q QLYS Qualys | Qualys | Reduce 25.61% | 0.50% |
| O ODD ODDITY TECH LTD | ODDITY TECH LTD | Add 46.38% | 0.49% |
| D DOCS DOXIMITY INC | DOXIMITY INC | Add 21.69% | 0.43% |
| N NTNX NUTANIX INC | NUTANIX INC | Buy | 0.42% |
| V VRT VERTIV HOLDINGS CO | VERTIV HOLDINGS CO | Reduce 30.52% | 0.39% |
| G GGG GRACO INC | GRACO INC | Reduce 35.70% | 0.28% |
| M MEDP MEDPACE HLDGS INC | MEDPACE HLDGS INC | Reduce 35.26% | 0.27% |
| A ADMA ADMA BIOLOGICS INC | ADMA BIOLOGICS INC | Buy | 0.22% |
| H HD Home Depot | Home Depot | Reduce 5.48% | 0.16% |
| Stock 27 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 1.83% | 8.57% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 1.09% | 8.43% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 7.56% | 7.72% |
| M MSFT Microsoft | Microsoft | Reduce 47.72% | 6.76% |
| V V Visa | Visa | Add 0.01% | 6.65% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 1.16% | 6.39% |
| W WAT WATERS CORP | WATERS CORP | Add 9.62% | 5.99% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 20.78% | 5.89% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 56.32% | 5.78% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 0.20% | 5.56% |
| M MTD Mettler Toledo | Mettler Toledo | Add 0.10% | 3.66% |
| F FTNT FORTINET INC | FORTINET INC | Add 0.02% | 3.58% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Add 0.10% | 3.55% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.43% | 3.01% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 25.32% | 2.67% |
| T TXN Texas Instruments | Texas Instruments | Add 0.06% | 2.53% |
| I INTU Intuit | Intuit | Add 64.01% | 2.09% |
| Q QLYS Qualys | Qualys | Add 21.19% | 0.58% |
| P PAYC PAYCOM SOFTWARE INC | PAYCOM SOFTWARE INC | Add 26.58% | 0.55% |
| V VRT VERTIV HOLDINGS CO | VERTIV HOLDINGS CO | Reduce 18.41% | 0.45% |
| N NSSC NAPCO SEC TECHNOLOGIES INC | NAPCO SEC TECHNOLOGIES INC | Add 86.39% | 0.39% |
| C CPRX CATALYST PHARMACEUTICALS INC | CATALYST PHARMACEUTICALS INC | Add 24.17% | 0.33% |
| H HD Home Depot | Home Depot | Add 1.79% | 0.17% |
 E EXPO EXPONENT INC | EXPONENT INC | Sold | 0.00% |
 C CHH CHOICE HOTELS INTL INC | CHOICE HOTELS INTL INC | Sold | 0.00% |
 M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Sold | 0.00% |
 V VRSK Verisk Analytics | Verisk Analytics | Sold | 0.00% |
| Stock 34 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 8.11% | 11.44% |
| M MSFT Microsoft | Microsoft | Reduce 7.98% | 10.68% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 7.74% | 8.04% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 16.03% | 7.18% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 0.34% | 6.15% |
| V V Visa | Visa | Reduce 6.84% | 5.95% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 3.36% | 5.84% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.13% | 5.47% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 0.58% | 5.21% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 0.35% | 5.03% |
| F FTNT FORTINET INC | FORTINET INC | Reduce 1.23% | 3.87% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 1.04% | 3.16% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 0.14% | 3.01% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.34% | 2.85% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 0.81% | 2.50% |
| T TXN Texas Instruments | Texas Instruments | Reduce 0.20% | 2.45% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 13.29% | 1.95% |
| N NKE Nike | Nike | Reduce 0.10% | 1.89% |
| I INTU Intuit | Intuit | Add 102.91% | 1.26% |
| O ODD ODDITY TECH LTD | ODDITY TECH LTD | Reduce 12.27% | 0.46% |
| V VRT VERTIV HOLDINGS CO | VERTIV HOLDINGS CO | Buy | 0.40% |
| R ROL ROLLINS INC | ROLLINS INC | Reduce 7.44% | 0.36% |
| D DOCS DOXIMITY INC | DOXIMITY INC | Add 13.96% | 0.36% |
| V VRSN VERISIGN INC | VERISIGN INC | Reduce 52.52% | 0.34% |
| G GGG GRACO INC | GRACO INC | Reduce 20.98% | 0.34% |
| C CPRX CATALYST PHARMACEUTICALS INC | CATALYST PHARMACEUTICALS INC | Add 25.93% | 0.26% |
| M MANH MANHATTAN ASSOCIATES INC | MANHATTAN ASSOCIATES INC | Buy | 0.25% |
| E EXPO EXPONENT INC | EXPONENT INC | Reduce 10.72% | 0.24% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 46.71% | 0.24% |
| H HD Home Depot | Home Depot | Reduce 27.34% | 0.13% |
| N NSSC NAPCO SEC TECHNOLOGIES INC | NAPCO SEC TECHNOLOGIES INC | Buy | 0.12% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Reduce 44.06% | 0.07% |
 E EFX EQUIFAX INC | EQUIFAX INC | Sold | 0.00% |
 B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Sold | 0.00% |
| Stock 29 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 14.85% | 10.19% |
| M MSFT Microsoft | Microsoft | Reduce 13.20% | 9.17% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 4.96% | 8.59% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 3.91% | 7.81% |
| V V Visa | Visa | Reduce 10.50% | 6.60% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 9.97% | 6.28% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.59% | 6.06% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 0.55% | 5.06% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 0.07% | 4.82% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 0.09% | 4.61% |
| F FTNT FORTINET INC | FORTINET INC | Reduce 0.09% | 3.73% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 0.13% | 3.58% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.14% | 3.43% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 0.10% | 3.18% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 1.68% | 2.76% |
| T TXN Texas Instruments | Texas Instruments | Add 60.28% | 2.23% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 1020.18% | 1.91% |
| V VRSN VERISIGN INC | VERISIGN INC | Reduce 8.72% | 0.66% |
| I INTU Intuit | Intuit | Buy | 0.51% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 20.84% | 0.45% |
| Q QLYS Qualys | Qualys | Add 31.13% | 0.41% |
| P PAYC PAYCOM SOFTWARE INC | PAYCOM SOFTWARE INC | Add 28.18% | 0.41% |
| D DOCS DOXIMITY INC | DOXIMITY INC | Add 67.47% | 0.31% |
| E EFX EQUIFAX INC | EQUIFAX INC | Reduce 35.18% | 0.26% |
| C CPRX CATALYST PHARMACEUTICALS INC | CATALYST PHARMACEUTICALS INC | Buy | 0.24% |
| H HD Home Depot | Home Depot | Reduce 21.22% | 0.19% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Reduce 22.77% | 0.12% |
 I IEX IDEX Corp. | IDEX Corp. | Sold | 0.00% |
 P PEP PepsiCo | PepsiCo | Sold | 0.00% |
| Stock 27 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 6.36% | 11.38% |
| M MSFT Microsoft | Microsoft | Reduce 10.34% | 11.12% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 0.05% | 8.19% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 10.02% | 6.26% |
| V V Visa | Visa | Reduce 16.66% | 6.23% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 6.39% | 5.77% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.31% | 5.75% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 0.06% | 5.53% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 0.27% | 5.06% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 0.05% | 4.69% |
| P PEP PepsiCo | PepsiCo | Reduce 1.33% | 3.67% |
| F FTNT FORTINET INC | FORTINET INC | Reduce 15.69% | 3.44% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 0.15% | 3.31% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 0.08% | 3.09% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.37% | 3.06% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 2.84% | 2.36% |
| N NKE Nike | Nike | Reduce 2.60% | 1.98% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 3.72% | 1.56% |
| H HD Home Depot | Home Depot | Reduce 1.47% | 0.24% |
| M MEDP MEDPACE HLDGS INC | MEDPACE HLDGS INC | Buy | 0.18% |
| D DOCS DOXIMITY INC | DOXIMITY INC | Buy | 0.16% |
| Z ZTS Zoetis Inc | Zoetis Inc | Reduce 1.47% | 0.16% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Reduce 1.47% | 0.14% |
 M MKC McCormick Inc | McCormick Inc | Sold | 0.00% |
 M MCD McDonalds | McDonalds | Sold | 0.00% |
 C CGNX COGNEX CORP | COGNEX CORP | Sold | 0.00% |
 A AAPL Apple | Apple | Sold | 0.00% |
| Stock 26 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Reduce 3.37% | 11.75% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 0.36% | 7.63% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 0.25% | 6.10% |
| V V Visa | Visa | Reduce 0.10% | 6.03% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 17.01% | 5.77% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Add 0.04% | 5.32% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.23% | 5.19% |
| A GOOGL ALPHABET INC | ALPHABET INC | Add 0.04% | 4.50% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Add 0.05% | 4.20% |
| P PEP PepsiCo | PepsiCo | Reduce 0.37% | 3.86% |
| M MTD Mettler Toledo | Mettler Toledo | Add 0.06% | 3.51% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 0.30% | 3.17% |
| F FTNT FORTINET INC | FORTINET INC | Reduce 1.63% | 3.10% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.46% | 2.85% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Add 0.05% | 2.53% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 10.13% | 1.95% |
| T TXN Texas Instruments | Texas Instruments | Add 10.09% | 1.39% |
| M MKC McCormick Inc | McCormick Inc | Reduce 82.80% | 0.56% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 9.99% | 0.44% |
| E EFX EQUIFAX INC | EQUIFAX INC | Reduce 20.74% | 0.42% |
| C CLX Clorox Company | Clorox Company | Add 7.59% | 0.40% |
| E EXPO EXPONENT INC | EXPONENT INC | Reduce 17.84% | 0.38% |
| H HD Home Depot | Home Depot | Add 1.10% | 0.24% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 1.10% | 0.18% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Add 1.10% | 0.13% |
| M MCD McDonalds | McDonalds | Add 1.11% | 0.11% |
| Stock 40 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Reduce 6.27% | 13.01% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 1.98% | 10.01% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 2.24% | 7.43% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 2.35% | 5.98% |
| V V Visa | Visa | Reduce 2.43% | 5.94% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 3.12% | 5.43% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 1.90% | 5.29% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 1.89% | 5.08% |
| W WAT WATERS CORP | WATERS CORP | Reduce 2.97% | 4.32% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 2.29% | 4.20% |
| P PEP PepsiCo | PepsiCo | Reduce 1.45% | 3.87% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 3.04% | 3.37% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 3.16% | 3.12% |
| C CHD Church & Dwight | Church & Dwight | Reduce 3.58% | 2.92% |
| M MKC McCormick Inc | McCormick Inc | Reduce 17.83% | 2.90% |
| F FTNT FORTINET INC | FORTINET INC | Add 25.82% | 2.53% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 2.49% | 2.41% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 2.79% | 1.96% |
| N NKE Nike | Nike | Reduce 3.27% | 1.93% |
| A AAPL Apple | Apple | Reduce 2.44% | 1.34% |
| T TXN Texas Instruments | Texas Instruments | Add 39.01% | 1.22% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 3.05% | 0.51% |
| E EFX EQUIFAX INC | EQUIFAX INC | Reduce 3.05% | 0.45% |
| V VRSN VERISIGN INC | VERISIGN INC | Reduce 3.05% | 0.45% |
| E EXPO EXPONENT INC | EXPONENT INC | Reduce 3.05% | 0.39% |
| G GGG GRACO INC | GRACO INC | Reduce 3.05% | 0.37% |
| C CGNX COGNEX CORP | COGNEX CORP | Reduce 3.05% | 0.36% |
| C CHH CHOICE HOTELS INTL INC | CHOICE HOTELS INTL INC | Reduce 3.05% | 0.36% |
| M MSCI MSCI Inc. | MSCI Inc. | Reduce 3.05% | 0.33% |
| Q QLYS Qualys | Qualys | Reduce 3.05% | 0.32% |
| R ROL ROLLINS INC | ROLLINS INC | Reduce 3.05% | 0.32% |
| C CLX Clorox Company | Clorox Company | Reduce 3.05% | 0.32% |
| I IEX IDEX Corp. | IDEX Corp. | Reduce 3.05% | 0.30% |
| O ODD ODDITY TECH LTD | ODDITY TECH LTD | Add 21.69% | 0.26% |
| S SABR SABRE CORP | SABRE CORP | Reduce 0.82% | 0.23% |
| H HD Home Depot | Home Depot | Reduce 0.26% | 0.21% |
| P PAYC PAYCOM SOFTWARE INC | PAYCOM SOFTWARE INC | Reduce 0.82% | 0.19% |
| Z ZTS Zoetis Inc | Zoetis Inc | Reduce 0.26% | 0.16% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Reduce 0.26% | 0.12% |
| M MCD McDonalds | McDonalds | Reduce 0.26% | 0.10% |
| Stock 42 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Reduce 4.10% | 12.54% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 0.58% | 9.44% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 0.61% | 7.67% |
| V V Visa | Visa | Reduce 0.84% | 6.22% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 0.52% | 5.74% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 0.87% | 5.64% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 1.43% | 5.32% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.91% | 5.07% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 0.62% | 4.31% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 0.52% | 4.12% |
| P PEP PepsiCo | PepsiCo | Reduce 11.83% | 4.00% |
| M MKC McCormick Inc | McCormick Inc | Reduce 18.96% | 3.68% |
| M MTD Mettler Toledo | Mettler Toledo | Add 7.49% | 3.18% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 0.84% | 3.05% |
| C CHD Church & Dwight | Church & Dwight | Reduce 1.28% | 2.93% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 2.28% | 2.45% |
| N NKE Nike | Nike | Reduce 2.59% | 2.40% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 1.66% | 2.31% |
| F FTNT FORTINET INC | FORTINET INC | Add 11.50% | 2.19% |
| A AAPL Apple | Apple | Add 19.70% | 1.07% |
| T TXN Texas Instruments | Texas Instruments | Buy | 0.76% |
| E EFX EQUIFAX INC | EQUIFAX INC | Reduce 2.63% | 0.49% |
| V VRSN VERISIGN INC | VERISIGN INC | Reduce 2.63% | 0.48% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 7.89% | 0.44% |
| G GGG GRACO INC | GRACO INC | Reduce 2.63% | 0.43% |
| M MSCI MSCI Inc. | MSCI Inc. | Reduce 17.04% | 0.38% |
| C CHH CHOICE HOTELS INTL INC | CHOICE HOTELS INTL INC | Buy | 0.37% |
| Q QLYS Qualys | Qualys | Reduce 9.41% | 0.37% |
| I IEX IDEX Corp. | IDEX Corp. | Reduce 2.63% | 0.36% |
| C CLX Clorox Company | Clorox Company | Reduce 2.59% | 0.35% |
| E EXPO EXPONENT INC | EXPONENT INC | Reduce 2.63% | 0.34% |
| C CGNX COGNEX CORP | COGNEX CORP | Reduce 2.63% | 0.33% |
| R ROL ROLLINS INC | ROLLINS INC | Reduce 2.63% | 0.30% |
| P PAYC PAYCOM SOFTWARE INC | PAYCOM SOFTWARE INC | Add 106.07% | 0.25% |
| O ODD ODDITY TECH LTD | ODDITY TECH LTD | Add 20.18% | 0.23% |
| H HD Home Depot | Home Depot | Reduce 2.16% | 0.22% |
| S SABR SABRE CORP | SABRE CORP | Reduce 2.63% | 0.21% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 1.21% | 0.15% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Add 1.21% | 0.12% |
| M MCD McDonalds | McDonalds | Add 1.21% | 0.10% |
 J JNJ Johnson & Johnson | Johnson & Johnson | Sold | 0.00% |
 I IPGP IPG PHOTONICS CORP | IPG PHOTONICS CORP | Sold | 0.00% |
| Stock 40 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Reduce 8.16% | 12.50% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 0.15% | 7.41% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 0.11% | 6.91% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 7.95% | 6.34% |
| V V Visa | Visa | Reduce 0.31% | 6.25% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 0.18% | 5.92% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Add 5.36% | 5.67% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.15% | 5.24% |
| P PEP PepsiCo | PepsiCo | Reduce 0.13% | 4.71% |
| M MKC McCormick Inc | McCormick Inc | Reduce 1.45% | 4.32% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 0.09% | 4.15% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 7.53% | 4.10% |
| N NKE Nike | Nike | Reduce 0.25% | 3.04% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 0.14% | 2.97% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 0.16% | 2.88% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.15% | 2.88% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 3.59% | 2.79% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 0.14% | 2.41% |
| F FTNT FORTINET INC | FORTINET INC | Add 48.89% | 1.80% |
| A AAPL Apple | Apple | Add 0.10% | 1.08% |
| V VRSN VERISIGN INC | VERISIGN INC | Reduce 1.29% | 0.57% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 1.29% | 0.52% |
| Q QLYS Qualys | Qualys | Reduce 4.58% | 0.51% |
| E EFX EQUIFAX INC | EQUIFAX INC | Reduce 1.29% | 0.50% |
| M MSCI MSCI Inc. | MSCI Inc. | Reduce 1.29% | 0.49% |
| G GGG GRACO INC | GRACO INC | Reduce 1.29% | 0.44% |
| S SABR SABRE CORP | SABRE CORP | Reduce 1.29% | 0.41% |
| E EXPO EXPONENT INC | EXPONENT INC | Reduce 1.29% | 0.40% |
| C CLX Clorox Company | Clorox Company | Buy | 0.36% |
| C CGNX COGNEX CORP | COGNEX CORP | Reduce 1.29% | 0.35% |
| I IEX IDEX Corp. | IDEX Corp. | Reduce 1.29% | 0.35% |
| R ROL ROLLINS INC | ROLLINS INC | Reduce 1.29% | 0.31% |
| I IPGP IPG PHOTONICS CORP | IPG PHOTONICS CORP | Reduce 1.29% | 0.25% |
| H HD Home Depot | Home Depot | Add 1.46% | 0.22% |
| O ODD ODDITY TECH LTD | ODDITY TECH LTD | Add 92.07% | 0.22% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 1.46% | 0.19% |
| J JNJ Johnson & Johnson | Johnson & Johnson | Add 1.46% | 0.18% |
| P PAYC PAYCOM SOFTWARE INC | PAYCOM SOFTWARE INC | Reduce 1.29% | 0.14% |
| M MCD McDonalds | McDonalds | Add 0.19% | 0.11% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Add 1.46% | 0.11% |
| Stock 41 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Reduce 4.04% | 12.41% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Add 0.13% | 6.85% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 11.44% | 6.83% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 4.56% | 6.34% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 0.11% | 6.03% |
| V V Visa | Visa | Reduce 0.08% | 6.02% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Add 0.10% | 5.89% |
| M MKC McCormick Inc | McCormick Inc | Reduce 1.00% | 5.26% |
| P PEP PepsiCo | PepsiCo | Reduce 0.09% | 5.11% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.08% | 4.74% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 0.35% | 4.51% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Add 2236.52% | 3.93% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 0.05% | 3.21% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 0.90% | 3.17% |
| C CHD Church & Dwight | Church & Dwight | Add 9.09% | 3.03% |
| N NKE Nike | Nike | Reduce 0.12% | 2.91% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 0.11% | 2.86% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 0.07% | 2.35% |
| F FTNT FORTINET INC | FORTINET INC | Add 112.87% | 1.31% |
| A AAPL Apple | Apple | Add 0.05% | 1.04% |
| V VRSN VERISIGN INC | VERISIGN INC | Reduce 0.69% | 0.62% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 0.69% | 0.57% |
| M MSCI MSCI Inc. | MSCI Inc. | Reduce 0.69% | 0.49% |
| S SABR SABRE CORP | SABRE CORP | Reduce 0.69% | 0.46% |
| Q QLYS Qualys | Qualys | Reduce 0.69% | 0.45% |
| E EXPO EXPONENT INC | EXPONENT INC | Reduce 0.69% | 0.42% |
| E EFX EQUIFAX INC | EQUIFAX INC | Reduce 0.69% | 0.41% |
| G GGG GRACO INC | GRACO INC | Reduce 0.51% | 0.41% |
| C CGNX COGNEX CORP | COGNEX CORP | Reduce 0.69% | 0.39% |
| I IEX IDEX Corp. | IDEX Corp. | Reduce 0.54% | 0.37% |
| R ROL ROLLINS INC | ROLLINS INC | Reduce 0.69% | 0.29% |
| I IPGP IPG PHOTONICS CORP | IPG PHOTONICS CORP | Reduce 0.72% | 0.26% |
| H HD Home Depot | Home Depot | Add 0.19% | 0.20% |
| J JNJ Johnson & Johnson | Johnson & Johnson | Add 0.19% | 0.19% |
| P PAYC PAYCOM SOFTWARE INC | PAYCOM SOFTWARE INC | Reduce 0.69% | 0.19% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 0.19% | 0.18% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Add 0.68% | 0.11% |
| M MCD McDonalds | McDonalds | Buy | 0.11% |
| O ODD ODDITY TECH LTD | ODDITY TECH LTD | Buy | 0.07% |
 L EL LAUDER ESTEE COS INC | LAUDER ESTEE COS INC | Sold | 0.00% |
 M MASI MASIMO CORP | MASIMO CORP | Sold | 0.00% |
| Stock 31 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Reduce 0.20% | 12.88% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Add 0.24% | 7.06% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 0.20% | 6.81% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 4.12% | 6.47% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Add 0.25% | 6.24% |
| V V Visa | Visa | Add 2.63% | 5.74% |
| M MKC McCormick Inc | McCormick Inc | Reduce 0.20% | 5.66% |
| P PEP PepsiCo | PepsiCo | Reduce 0.20% | 5.16% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 0.28% | 5.10% |
| L EL LAUDER ESTEE COS INC | LAUDER ESTEE COS INC | Reduce 0.18% | 4.46% |
| W WAT WATERS CORP | WATERS CORP | Add 3.00% | 4.26% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 0.16% | 3.82% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 0.28% | 3.42% |
| M MTD Mettler Toledo | Mettler Toledo | Add 1.38% | 3.13% |
| N NKE Nike | Nike | Reduce 0.23% | 3.11% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Add 182.51% | 3.09% |
| C CHD Church & Dwight | Church & Dwight | Reduce 21.08% | 2.80% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Add 2.77% | 2.41% |
| A AAPL Apple | Apple | Reduce 0.70% | 1.08% |
| M MASI MASIMO CORP | MASIMO CORP | Reduce 4.44% | 0.50% |
| G GGG GRACO INC | GRACO INC | Add 125.17% | 0.45% |
| E EXPO EXPONENT INC | EXPONENT INC | Buy | 0.43% |
| I IEX IDEX Corp. | IDEX Corp. | Add 48.30% | 0.35% |
| I IPGP IPG PHOTONICS CORP | IPG PHOTONICS CORP | Reduce 34.42% | 0.32% |
| H HD Home Depot | Home Depot | Reduce 4.09% | 0.19% |
| J JNJ Johnson & Johnson | Johnson & Johnson | Reduce 1.30% | 0.19% |
| Z ZTS Zoetis Inc | Zoetis Inc | Reduce 1.30% | 0.16% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Add 88.90% | 0.14% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Add 49.61% | 0.10% |
 E EW Edwards Lifesciences | Edwards Lifesciences | Sold | 0.00% |
 A AMZN Amazon.com | Amazon.com | Sold | 0.00% |
| Stock 25 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Add 0.01% | 11.24% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 0.07% | 6.91% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 1.94% | 6.77% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 14.22% | 6.37% |
| L EL LAUDER ESTEE COS INC | LAUDER ESTEE COS INC | Reduce 4.42% | 5.77% |
| M MKC McCormick Inc | McCormick Inc | Add 0.02% | 5.56% |
| V V Visa | Visa | Add 0.02% | 5.46% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Add 0.02% | 5.32% |
| P PEP PepsiCo | PepsiCo | Add 0.02% | 5.24% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Add 3.42% | 5.18% |
| W WAT WATERS CORP | WATERS CORP | Add 0.24% | 4.94% |
| M MTD Mettler Toledo | Mettler Toledo | Add 0.09% | 3.71% |
| A GOOGL ALPHABET INC | ALPHABET INC | Add 0.02% | 3.41% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Add 0.69% | 3.39% |
| C CHD Church & Dwight | Church & Dwight | Add 0.04% | 3.22% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Add 0.02% | 2.29% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Add 444.40% | 1.10% |
| A AAPL Apple | Apple | Add 185.99% | 0.95% |
| H HD Home Depot | Home Depot | Add 0.59% | 0.20% |
| J JNJ Johnson & Johnson | Johnson & Johnson | Add 0.60% | 0.19% |
| G GGG GRACO INC | GRACO INC | Buy | 0.17% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 0.60% | 0.16% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Buy | 0.07% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Buy | 0.07% |
 A ADBE Adobe Systems | Adobe Systems | Sold | 0.00% |
Q1 2026
| Stock 28 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| W WAT WATERS CORP | WATERS CORP | Reduce 10.05% | 7.90% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 19.68% | 7.57% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 28.13% | 7.42% |
| V V Visa | Visa | Reduce 8.29% | 7.24% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 5.87% | 7.21% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 44.37% | 6.40% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 3.10% | 6.28% |
| M MSFT Microsoft | Microsoft | Reduce 19.49% | 5.88% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 14.80% | 5.74% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 12.52% | 5.26% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 1.72% | 4.73% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 7.19% | 3.56% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.97% | 3.30% |
| F FTNT FORTINET INC | FORTINET INC | Reduce 22.61% | 3.02% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 7.90% | 2.87% |
| T TXN Texas Instruments | Texas Instruments | Reduce 3.61% | 2.66% |
| I INTU Intuit | Intuit | Add 3.50% | 2.42% |
| N NKE Nike | Nike | Reduce 5.86% | 2.15% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 46.51% | 1.59% |
| Q QLYS Qualys | Qualys | Reduce 25.61% | 0.50% |
| O ODD ODDITY TECH LTD | ODDITY TECH LTD | Add 46.38% | 0.49% |
| D DOCS DOXIMITY INC | DOXIMITY INC | Add 21.69% | 0.43% |
| N NTNX NUTANIX INC | NUTANIX INC | Buy | 0.42% |
| V VRT VERTIV HOLDINGS CO | VERTIV HOLDINGS CO | Reduce 30.52% | 0.39% |
| G GGG GRACO INC | GRACO INC | Reduce 35.70% | 0.28% |
| M MEDP MEDPACE HLDGS INC | MEDPACE HLDGS INC | Reduce 35.26% | 0.27% |
| A ADMA ADMA BIOLOGICS INC | ADMA BIOLOGICS INC | Buy | 0.22% |
| H HD Home Depot | Home Depot | Reduce 5.48% | 0.16% |
Q4 2025
| Stock 27 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 1.83% | 8.57% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 1.09% | 8.43% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 7.56% | 7.72% |
| M MSFT Microsoft | Microsoft | Reduce 47.72% | 6.76% |
| V V Visa | Visa | Add 0.01% | 6.65% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 1.16% | 6.39% |
| W WAT WATERS CORP | WATERS CORP | Add 9.62% | 5.99% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 20.78% | 5.89% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 56.32% | 5.78% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 0.20% | 5.56% |
| M MTD Mettler Toledo | Mettler Toledo | Add 0.10% | 3.66% |
| F FTNT FORTINET INC | FORTINET INC | Add 0.02% | 3.58% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Add 0.10% | 3.55% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.43% | 3.01% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 25.32% | 2.67% |
| T TXN Texas Instruments | Texas Instruments | Add 0.06% | 2.53% |
| I INTU Intuit | Intuit | Add 64.01% | 2.09% |
| Q QLYS Qualys | Qualys | Add 21.19% | 0.58% |
| P PAYC PAYCOM SOFTWARE INC | PAYCOM SOFTWARE INC | Add 26.58% | 0.55% |
| V VRT VERTIV HOLDINGS CO | VERTIV HOLDINGS CO | Reduce 18.41% | 0.45% |
| N NSSC NAPCO SEC TECHNOLOGIES INC | NAPCO SEC TECHNOLOGIES INC | Add 86.39% | 0.39% |
| C CPRX CATALYST PHARMACEUTICALS INC | CATALYST PHARMACEUTICALS INC | Add 24.17% | 0.33% |
| H HD Home Depot | Home Depot | Add 1.79% | 0.17% |
| E EXPO EXPONENT INC | EXPONENT INC | Sold | 0.00% |
| C CHH CHOICE HOTELS INTL INC | CHOICE HOTELS INTL INC | Sold | 0.00% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Sold | 0.00% |
| V VRSK Verisk Analytics | Verisk Analytics | Sold | 0.00% |
Q3 2025
| Stock 34 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 8.11% | 11.44% |
| M MSFT Microsoft | Microsoft | Reduce 7.98% | 10.68% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 7.74% | 8.04% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 16.03% | 7.18% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 0.34% | 6.15% |
| V V Visa | Visa | Reduce 6.84% | 5.95% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 3.36% | 5.84% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.13% | 5.47% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 0.58% | 5.21% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 0.35% | 5.03% |
| F FTNT FORTINET INC | FORTINET INC | Reduce 1.23% | 3.87% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 1.04% | 3.16% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 0.14% | 3.01% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.34% | 2.85% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 0.81% | 2.50% |
| T TXN Texas Instruments | Texas Instruments | Reduce 0.20% | 2.45% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 13.29% | 1.95% |
| N NKE Nike | Nike | Reduce 0.10% | 1.89% |
| I INTU Intuit | Intuit | Add 102.91% | 1.26% |
| O ODD ODDITY TECH LTD | ODDITY TECH LTD | Reduce 12.27% | 0.46% |
| V VRT VERTIV HOLDINGS CO | VERTIV HOLDINGS CO | Buy | 0.40% |
| R ROL ROLLINS INC | ROLLINS INC | Reduce 7.44% | 0.36% |
| D DOCS DOXIMITY INC | DOXIMITY INC | Add 13.96% | 0.36% |
| V VRSN VERISIGN INC | VERISIGN INC | Reduce 52.52% | 0.34% |
| G GGG GRACO INC | GRACO INC | Reduce 20.98% | 0.34% |
| C CPRX CATALYST PHARMACEUTICALS INC | CATALYST PHARMACEUTICALS INC | Add 25.93% | 0.26% |
| M MANH MANHATTAN ASSOCIATES INC | MANHATTAN ASSOCIATES INC | Buy | 0.25% |
| E EXPO EXPONENT INC | EXPONENT INC | Reduce 10.72% | 0.24% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 46.71% | 0.24% |
| H HD Home Depot | Home Depot | Reduce 27.34% | 0.13% |
| N NSSC NAPCO SEC TECHNOLOGIES INC | NAPCO SEC TECHNOLOGIES INC | Buy | 0.12% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Reduce 44.06% | 0.07% |
| E EFX EQUIFAX INC | EQUIFAX INC | Sold | 0.00% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Sold | 0.00% |
Q2 2025
| Stock 29 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 14.85% | 10.19% |
| M MSFT Microsoft | Microsoft | Reduce 13.20% | 9.17% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 4.96% | 8.59% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 3.91% | 7.81% |
| V V Visa | Visa | Reduce 10.50% | 6.60% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 9.97% | 6.28% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.59% | 6.06% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 0.55% | 5.06% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 0.07% | 4.82% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 0.09% | 4.61% |
| F FTNT FORTINET INC | FORTINET INC | Reduce 0.09% | 3.73% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 0.13% | 3.58% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.14% | 3.43% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 0.10% | 3.18% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 1.68% | 2.76% |
| T TXN Texas Instruments | Texas Instruments | Add 60.28% | 2.23% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 1020.18% | 1.91% |
| V VRSN VERISIGN INC | VERISIGN INC | Reduce 8.72% | 0.66% |
| I INTU Intuit | Intuit | Buy | 0.51% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 20.84% | 0.45% |
| Q QLYS Qualys | Qualys | Add 31.13% | 0.41% |
| P PAYC PAYCOM SOFTWARE INC | PAYCOM SOFTWARE INC | Add 28.18% | 0.41% |
| D DOCS DOXIMITY INC | DOXIMITY INC | Add 67.47% | 0.31% |
| E EFX EQUIFAX INC | EQUIFAX INC | Reduce 35.18% | 0.26% |
| C CPRX CATALYST PHARMACEUTICALS INC | CATALYST PHARMACEUTICALS INC | Buy | 0.24% |
| H HD Home Depot | Home Depot | Reduce 21.22% | 0.19% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Reduce 22.77% | 0.12% |
| I IEX IDEX Corp. | IDEX Corp. | Sold | 0.00% |
| P PEP PepsiCo | PepsiCo | Sold | 0.00% |
Q1 2025
| Stock 27 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 6.36% | 11.38% |
| M MSFT Microsoft | Microsoft | Reduce 10.34% | 11.12% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 0.05% | 8.19% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 10.02% | 6.26% |
| V V Visa | Visa | Reduce 16.66% | 6.23% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 6.39% | 5.77% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.31% | 5.75% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 0.06% | 5.53% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 0.27% | 5.06% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 0.05% | 4.69% |
| P PEP PepsiCo | PepsiCo | Reduce 1.33% | 3.67% |
| F FTNT FORTINET INC | FORTINET INC | Reduce 15.69% | 3.44% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 0.15% | 3.31% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 0.08% | 3.09% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.37% | 3.06% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 2.84% | 2.36% |
| N NKE Nike | Nike | Reduce 2.60% | 1.98% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 3.72% | 1.56% |
| H HD Home Depot | Home Depot | Reduce 1.47% | 0.24% |
| M MEDP MEDPACE HLDGS INC | MEDPACE HLDGS INC | Buy | 0.18% |
| D DOCS DOXIMITY INC | DOXIMITY INC | Buy | 0.16% |
| Z ZTS Zoetis Inc | Zoetis Inc | Reduce 1.47% | 0.16% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Reduce 1.47% | 0.14% |
| M MKC McCormick Inc | McCormick Inc | Sold | 0.00% |
| M MCD McDonalds | McDonalds | Sold | 0.00% |
| C CGNX COGNEX CORP | COGNEX CORP | Sold | 0.00% |
| A AAPL Apple | Apple | Sold | 0.00% |
Q4 2024
| Stock 26 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Reduce 3.37% | 11.75% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 0.36% | 7.63% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 0.25% | 6.10% |
| V V Visa | Visa | Reduce 0.10% | 6.03% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 17.01% | 5.77% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Add 0.04% | 5.32% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.23% | 5.19% |
| A GOOGL ALPHABET INC | ALPHABET INC | Add 0.04% | 4.50% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Add 0.05% | 4.20% |
| P PEP PepsiCo | PepsiCo | Reduce 0.37% | 3.86% |
| M MTD Mettler Toledo | Mettler Toledo | Add 0.06% | 3.51% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 0.30% | 3.17% |
| F FTNT FORTINET INC | FORTINET INC | Reduce 1.63% | 3.10% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.46% | 2.85% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Add 0.05% | 2.53% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 10.13% | 1.95% |
| T TXN Texas Instruments | Texas Instruments | Add 10.09% | 1.39% |
| M MKC McCormick Inc | McCormick Inc | Reduce 82.80% | 0.56% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 9.99% | 0.44% |
| E EFX EQUIFAX INC | EQUIFAX INC | Reduce 20.74% | 0.42% |
| C CLX Clorox Company | Clorox Company | Add 7.59% | 0.40% |
| E EXPO EXPONENT INC | EXPONENT INC | Reduce 17.84% | 0.38% |
| H HD Home Depot | Home Depot | Add 1.10% | 0.24% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 1.10% | 0.18% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Add 1.10% | 0.13% |
| M MCD McDonalds | McDonalds | Add 1.11% | 0.11% |
Q3 2024
| Stock 40 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Reduce 6.27% | 13.01% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 1.98% | 10.01% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 2.24% | 7.43% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 2.35% | 5.98% |
| V V Visa | Visa | Reduce 2.43% | 5.94% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 3.12% | 5.43% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 1.90% | 5.29% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 1.89% | 5.08% |
| W WAT WATERS CORP | WATERS CORP | Reduce 2.97% | 4.32% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 2.29% | 4.20% |
| P PEP PepsiCo | PepsiCo | Reduce 1.45% | 3.87% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 3.04% | 3.37% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 3.16% | 3.12% |
| C CHD Church & Dwight | Church & Dwight | Reduce 3.58% | 2.92% |
| M MKC McCormick Inc | McCormick Inc | Reduce 17.83% | 2.90% |
| F FTNT FORTINET INC | FORTINET INC | Add 25.82% | 2.53% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 2.49% | 2.41% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 2.79% | 1.96% |
| N NKE Nike | Nike | Reduce 3.27% | 1.93% |
| A AAPL Apple | Apple | Reduce 2.44% | 1.34% |
| T TXN Texas Instruments | Texas Instruments | Add 39.01% | 1.22% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 3.05% | 0.51% |
| E EFX EQUIFAX INC | EQUIFAX INC | Reduce 3.05% | 0.45% |
| V VRSN VERISIGN INC | VERISIGN INC | Reduce 3.05% | 0.45% |
| E EXPO EXPONENT INC | EXPONENT INC | Reduce 3.05% | 0.39% |
| G GGG GRACO INC | GRACO INC | Reduce 3.05% | 0.37% |
| C CGNX COGNEX CORP | COGNEX CORP | Reduce 3.05% | 0.36% |
| C CHH CHOICE HOTELS INTL INC | CHOICE HOTELS INTL INC | Reduce 3.05% | 0.36% |
| M MSCI MSCI Inc. | MSCI Inc. | Reduce 3.05% | 0.33% |
| Q QLYS Qualys | Qualys | Reduce 3.05% | 0.32% |
| R ROL ROLLINS INC | ROLLINS INC | Reduce 3.05% | 0.32% |
| C CLX Clorox Company | Clorox Company | Reduce 3.05% | 0.32% |
| I IEX IDEX Corp. | IDEX Corp. | Reduce 3.05% | 0.30% |
| O ODD ODDITY TECH LTD | ODDITY TECH LTD | Add 21.69% | 0.26% |
| S SABR SABRE CORP | SABRE CORP | Reduce 0.82% | 0.23% |
| H HD Home Depot | Home Depot | Reduce 0.26% | 0.21% |
| P PAYC PAYCOM SOFTWARE INC | PAYCOM SOFTWARE INC | Reduce 0.82% | 0.19% |
| Z ZTS Zoetis Inc | Zoetis Inc | Reduce 0.26% | 0.16% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Reduce 0.26% | 0.12% |
| M MCD McDonalds | McDonalds | Reduce 0.26% | 0.10% |
Q2 2024
| Stock 42 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Reduce 4.10% | 12.54% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 0.58% | 9.44% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 0.61% | 7.67% |
| V V Visa | Visa | Reduce 0.84% | 6.22% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 0.52% | 5.74% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 0.87% | 5.64% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 1.43% | 5.32% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.91% | 5.07% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 0.62% | 4.31% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 0.52% | 4.12% |
| P PEP PepsiCo | PepsiCo | Reduce 11.83% | 4.00% |
| M MKC McCormick Inc | McCormick Inc | Reduce 18.96% | 3.68% |
| M MTD Mettler Toledo | Mettler Toledo | Add 7.49% | 3.18% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 0.84% | 3.05% |
| C CHD Church & Dwight | Church & Dwight | Reduce 1.28% | 2.93% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 2.28% | 2.45% |
| N NKE Nike | Nike | Reduce 2.59% | 2.40% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 1.66% | 2.31% |
| F FTNT FORTINET INC | FORTINET INC | Add 11.50% | 2.19% |
| A AAPL Apple | Apple | Add 19.70% | 1.07% |
| T TXN Texas Instruments | Texas Instruments | Buy | 0.76% |
| E EFX EQUIFAX INC | EQUIFAX INC | Reduce 2.63% | 0.49% |
| V VRSN VERISIGN INC | VERISIGN INC | Reduce 2.63% | 0.48% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 7.89% | 0.44% |
| G GGG GRACO INC | GRACO INC | Reduce 2.63% | 0.43% |
| M MSCI MSCI Inc. | MSCI Inc. | Reduce 17.04% | 0.38% |
| C CHH CHOICE HOTELS INTL INC | CHOICE HOTELS INTL INC | Buy | 0.37% |
| Q QLYS Qualys | Qualys | Reduce 9.41% | 0.37% |
| I IEX IDEX Corp. | IDEX Corp. | Reduce 2.63% | 0.36% |
| C CLX Clorox Company | Clorox Company | Reduce 2.59% | 0.35% |
| E EXPO EXPONENT INC | EXPONENT INC | Reduce 2.63% | 0.34% |
| C CGNX COGNEX CORP | COGNEX CORP | Reduce 2.63% | 0.33% |
| R ROL ROLLINS INC | ROLLINS INC | Reduce 2.63% | 0.30% |
| P PAYC PAYCOM SOFTWARE INC | PAYCOM SOFTWARE INC | Add 106.07% | 0.25% |
| O ODD ODDITY TECH LTD | ODDITY TECH LTD | Add 20.18% | 0.23% |
| H HD Home Depot | Home Depot | Reduce 2.16% | 0.22% |
| S SABR SABRE CORP | SABRE CORP | Reduce 2.63% | 0.21% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 1.21% | 0.15% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Add 1.21% | 0.12% |
| M MCD McDonalds | McDonalds | Add 1.21% | 0.10% |
| J JNJ Johnson & Johnson | Johnson & Johnson | Sold | 0.00% |
| I IPGP IPG PHOTONICS CORP | IPG PHOTONICS CORP | Sold | 0.00% |
Q1 2024
| Stock 40 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Reduce 8.16% | 12.50% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 0.15% | 7.41% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 0.11% | 6.91% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 7.95% | 6.34% |
| V V Visa | Visa | Reduce 0.31% | 6.25% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 0.18% | 5.92% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Add 5.36% | 5.67% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.15% | 5.24% |
| P PEP PepsiCo | PepsiCo | Reduce 0.13% | 4.71% |
| M MKC McCormick Inc | McCormick Inc | Reduce 1.45% | 4.32% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Reduce 0.09% | 4.15% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 7.53% | 4.10% |
| N NKE Nike | Nike | Reduce 0.25% | 3.04% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 0.14% | 2.97% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 0.16% | 2.88% |
| C CHD Church & Dwight | Church & Dwight | Reduce 0.15% | 2.88% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 3.59% | 2.79% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 0.14% | 2.41% |
| F FTNT FORTINET INC | FORTINET INC | Add 48.89% | 1.80% |
| A AAPL Apple | Apple | Add 0.10% | 1.08% |
| V VRSN VERISIGN INC | VERISIGN INC | Reduce 1.29% | 0.57% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 1.29% | 0.52% |
| Q QLYS Qualys | Qualys | Reduce 4.58% | 0.51% |
| E EFX EQUIFAX INC | EQUIFAX INC | Reduce 1.29% | 0.50% |
| M MSCI MSCI Inc. | MSCI Inc. | Reduce 1.29% | 0.49% |
| G GGG GRACO INC | GRACO INC | Reduce 1.29% | 0.44% |
| S SABR SABRE CORP | SABRE CORP | Reduce 1.29% | 0.41% |
| E EXPO EXPONENT INC | EXPONENT INC | Reduce 1.29% | 0.40% |
| C CLX Clorox Company | Clorox Company | Buy | 0.36% |
| C CGNX COGNEX CORP | COGNEX CORP | Reduce 1.29% | 0.35% |
| I IEX IDEX Corp. | IDEX Corp. | Reduce 1.29% | 0.35% |
| R ROL ROLLINS INC | ROLLINS INC | Reduce 1.29% | 0.31% |
| I IPGP IPG PHOTONICS CORP | IPG PHOTONICS CORP | Reduce 1.29% | 0.25% |
| H HD Home Depot | Home Depot | Add 1.46% | 0.22% |
| O ODD ODDITY TECH LTD | ODDITY TECH LTD | Add 92.07% | 0.22% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 1.46% | 0.19% |
| J JNJ Johnson & Johnson | Johnson & Johnson | Add 1.46% | 0.18% |
| P PAYC PAYCOM SOFTWARE INC | PAYCOM SOFTWARE INC | Reduce 1.29% | 0.14% |
| M MCD McDonalds | McDonalds | Add 0.19% | 0.11% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Add 1.46% | 0.11% |
Q4 2023
| Stock 41 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Reduce 4.04% | 12.41% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Add 0.13% | 6.85% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 11.44% | 6.83% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 4.56% | 6.34% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 0.11% | 6.03% |
| V V Visa | Visa | Reduce 0.08% | 6.02% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Add 0.10% | 5.89% |
| M MKC McCormick Inc | McCormick Inc | Reduce 1.00% | 5.26% |
| P PEP PepsiCo | PepsiCo | Reduce 0.09% | 5.11% |
| W WAT WATERS CORP | WATERS CORP | Reduce 0.08% | 4.74% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 0.35% | 4.51% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Add 2236.52% | 3.93% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Reduce 0.05% | 3.21% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 0.90% | 3.17% |
| C CHD Church & Dwight | Church & Dwight | Add 9.09% | 3.03% |
| N NKE Nike | Nike | Reduce 0.12% | 2.91% |
| M MTD Mettler Toledo | Mettler Toledo | Reduce 0.11% | 2.86% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Reduce 0.07% | 2.35% |
| F FTNT FORTINET INC | FORTINET INC | Add 112.87% | 1.31% |
| A AAPL Apple | Apple | Add 0.05% | 1.04% |
| V VRSN VERISIGN INC | VERISIGN INC | Reduce 0.69% | 0.62% |
| V VRSK Verisk Analytics | Verisk Analytics | Reduce 0.69% | 0.57% |
| M MSCI MSCI Inc. | MSCI Inc. | Reduce 0.69% | 0.49% |
| S SABR SABRE CORP | SABRE CORP | Reduce 0.69% | 0.46% |
| Q QLYS Qualys | Qualys | Reduce 0.69% | 0.45% |
| E EXPO EXPONENT INC | EXPONENT INC | Reduce 0.69% | 0.42% |
| E EFX EQUIFAX INC | EQUIFAX INC | Reduce 0.69% | 0.41% |
| G GGG GRACO INC | GRACO INC | Reduce 0.51% | 0.41% |
| C CGNX COGNEX CORP | COGNEX CORP | Reduce 0.69% | 0.39% |
| I IEX IDEX Corp. | IDEX Corp. | Reduce 0.54% | 0.37% |
| R ROL ROLLINS INC | ROLLINS INC | Reduce 0.69% | 0.29% |
| I IPGP IPG PHOTONICS CORP | IPG PHOTONICS CORP | Reduce 0.72% | 0.26% |
| H HD Home Depot | Home Depot | Add 0.19% | 0.20% |
| J JNJ Johnson & Johnson | Johnson & Johnson | Add 0.19% | 0.19% |
| P PAYC PAYCOM SOFTWARE INC | PAYCOM SOFTWARE INC | Reduce 0.69% | 0.19% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 0.19% | 0.18% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Add 0.68% | 0.11% |
| M MCD McDonalds | McDonalds | Buy | 0.11% |
| O ODD ODDITY TECH LTD | ODDITY TECH LTD | Buy | 0.07% |
| L EL LAUDER ESTEE COS INC | LAUDER ESTEE COS INC | Sold | 0.00% |
| M MASI MASIMO CORP | MASIMO CORP | Sold | 0.00% |
Q3 2023
| Stock 31 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Reduce 0.20% | 12.88% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Add 0.24% | 7.06% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Reduce 0.20% | 6.81% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 4.12% | 6.47% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Add 0.25% | 6.24% |
| V V Visa | Visa | Add 2.63% | 5.74% |
| M MKC McCormick Inc | McCormick Inc | Reduce 0.20% | 5.66% |
| P PEP PepsiCo | PepsiCo | Reduce 0.20% | 5.16% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Reduce 0.28% | 5.10% |
| L EL LAUDER ESTEE COS INC | LAUDER ESTEE COS INC | Reduce 0.18% | 4.46% |
| W WAT WATERS CORP | WATERS CORP | Add 3.00% | 4.26% |
| A GOOGL ALPHABET INC | ALPHABET INC | Reduce 0.16% | 3.82% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Reduce 0.28% | 3.42% |
| M MTD Mettler Toledo | Mettler Toledo | Add 1.38% | 3.13% |
| N NKE Nike | Nike | Reduce 0.23% | 3.11% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Add 182.51% | 3.09% |
| C CHD Church & Dwight | Church & Dwight | Reduce 21.08% | 2.80% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Add 2.77% | 2.41% |
| A AAPL Apple | Apple | Reduce 0.70% | 1.08% |
| M MASI MASIMO CORP | MASIMO CORP | Reduce 4.44% | 0.50% |
| G GGG GRACO INC | GRACO INC | Add 125.17% | 0.45% |
| E EXPO EXPONENT INC | EXPONENT INC | Buy | 0.43% |
| I IEX IDEX Corp. | IDEX Corp. | Add 48.30% | 0.35% |
| I IPGP IPG PHOTONICS CORP | IPG PHOTONICS CORP | Reduce 34.42% | 0.32% |
| H HD Home Depot | Home Depot | Reduce 4.09% | 0.19% |
| J JNJ Johnson & Johnson | Johnson & Johnson | Reduce 1.30% | 0.19% |
| Z ZTS Zoetis Inc | Zoetis Inc | Reduce 1.30% | 0.16% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Add 88.90% | 0.14% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Add 49.61% | 0.10% |
| E EW Edwards Lifesciences | Edwards Lifesciences | Sold | 0.00% |
| A AMZN Amazon.com | Amazon.com | Sold | 0.00% |
Q2 2023
| Stock 25 | Company | Activity i Type and magnitude of change in this position | % Change to Portfolio i Impact of this position change on the overall portfolio allocation |
|---|---|---|---|
| M MSFT Microsoft | Microsoft | Add 0.01% | 11.24% |
| P PM Philip Morris International, Inc. | Philip Morris International, Inc. | Reduce 0.07% | 6.91% |
| S SYK STRYKER CORPORATION | STRYKER CORPORATION | Reduce 1.94% | 6.77% |
| I IDXX Idexx Laboratories | Idexx Laboratories | Reduce 14.22% | 6.37% |
| L EL LAUDER ESTEE COS INC | LAUDER ESTEE COS INC | Reduce 4.42% | 5.77% |
| M MKC McCormick Inc | McCormick Inc | Add 0.02% | 5.56% |
| V V Visa | Visa | Add 0.02% | 5.46% |
| A ADP AUTOMATIC DATA PROCESSING IN | AUTOMATIC DATA PROCESSING IN | Add 0.02% | 5.32% |
| P PEP PepsiCo | PepsiCo | Add 0.02% | 5.24% |
| M META Meta Platforms, Inc. | Meta Platforms, Inc. | Add 3.42% | 5.18% |
| W WAT WATERS CORP | WATERS CORP | Add 0.24% | 4.94% |
| M MTD Mettler Toledo | Mettler Toledo | Add 0.09% | 3.71% |
| A GOOGL ALPHABET INC | ALPHABET INC | Add 0.02% | 3.41% |
| B BF-B Brown-Forman Corp Cl B | Brown-Forman Corp Cl B | Add 0.69% | 3.39% |
| C CHD Church & Dwight | Church & Dwight | Add 0.04% | 3.22% |
| O OTIS Otis Worldwide Corp. | Otis Worldwide Corp. | Add 0.02% | 2.29% |
| P PG Procter & Gamble Co. | Procter & Gamble Co. | Add 444.40% | 1.10% |
| A AAPL Apple | Apple | Add 185.99% | 0.95% |
| H HD Home Depot | Home Depot | Add 0.59% | 0.20% |
| J JNJ Johnson & Johnson | Johnson & Johnson | Add 0.60% | 0.19% |
| G GGG GRACO INC | GRACO INC | Buy | 0.17% |
| Z ZTS Zoetis Inc | Zoetis Inc | Add 0.60% | 0.16% |
| M MAR MARRIOTT INTL INC NEW | MARRIOTT INTL INC NEW | Buy | 0.07% |
| M MA MASTERCARD INCORPORATED | MASTERCARD INCORPORATED | Buy | 0.07% |
| A ADBE Adobe Systems | Adobe Systems | Sold | 0.00% |
News about Terry Smith's top holdings
Frequently Asked Questions
What stocks does Terry Smith own in 2026?
As of Q1 2026, Terry Smith's Fundsmith LLP holds 37 stocks worth $17.12B. The largest position is WAT. Data from SEC 13F filing dated 2026-02-17 00:00:00.000Z.
What did Terry Smith buy and sell recently?
View the Activity tab above to see which positions Terry Smith added, increased, decreased, or sold in Q1 2026. The activity data comes from comparing consecutive 13F filings.
What is Terry Smith's top stock holding?
The largest position is WAT. Terry Smith's Fundsmith LLP holds 37 total positions worth $17.12B. Visit the holdings table above to see the complete portfolio ranked by position size.
What sectors does Terry Smith invest in?
Terry Smith's portfolio of 37 stocks is diversified across multiple sectors. The portfolio is most concentrated in the Healthcare sector. The sector chart above shows the full allocation breakdown by portfolio value.
What is Terry Smith's investment strategy?
Terry Smith manages Fundsmith LLP using a growth investment approach. The portfolio currently holds 37 positions with total assets of $17.12B. The portfolio is most concentrated in the Healthcare sector.
What is Terry Smith's portfolio worth in 2026?
Terry Smith's Fundsmith LLP manages $17.12B in disclosed 13F holdings across 37 positions as of Q1 2026. This represents the total market value of equity positions reported to the SEC.
How often does Terry Smith update portfolio holdings?
Terry Smith's Fundsmith LLP files 13F reports with the SEC quarterly. The most recent filing is dated 2026-02-17 00:00:00.000Z, covering holdings as of Q1 2026. New data appears within 24 hours of each filing.
How do I track Terry Smith's portfolio changes over time?
Use the Activity tab to compare Terry Smith's holdings across quarters. You can see new positions, additions, reductions, and exits for each quarter going back multiple years. The data comes from Fundsmith LLP's SEC 13F filings.