Terry Smith's position in Waters is currently worth $929 Million. That's 4.06% of their equity portfolio (12th largest holding). The investor owns 6.15% of the outstanding Waters stock. The first Waters trade was made in Q1 2013. Since then Terry Smith bought shares 25 more times and sold shares on ten occasions. The stake costed the investor $605 Million, netting the investor a gain of 53% so far.