Terry Smith's position in Waters is currently worth $994 Million. That's 4.47% of their equity portfolio (11th largest holding). The investor owns 6.05% of the outstanding Waters stock. The first Waters trade was made in Q1 2013. Since then Terry Smith bought shares 23 more times and sold shares on nine occasions. The stake costed the investor $603 Million, netting the investor a gain of 65% so far.