Terry Smith Portfolio

Terence Smith, the founder, and CEO of Fundsmith has been called "the English Warren Buffett" for his style in growth investing which involves buying shares from established companies. He is an author and he wrote the book „Investing for Growth: How to make money by only buying the best companies in the world – An anthology of investment writing“. He also wrote some columns for the Financial Times.
Terry Smith’s investment portfolio highlights a concentrated set of high-quality, durable business stocks that fit a long-term value-and-growth approach. The focus on “moat” characteristics—brand strength, pricing power, recurring demand, and scalable platforms—signals confidence in steady fundamentals rather than short-term trading.
1) Marriott International, Inc. (Class A) — Investment thesis centers on global travel demand, resilient hotel cash flows, and upside from brand distribution and revenue management.
2) Alphabet Inc. (Class A) — Represents a core platform investment: advertising scale, cloud growth, and data-driven products supporting long-duration earnings potential.
3) Waters Corporation — A precision instruments and tools stock positioned around scientific workflows, recurring service needs, and solid competitive advantages in laboratory analytics.
4) Visa Inc. (Class A) — A payments network held for strong network effects, growing transaction volumes, and attractive economics tied to secular shift toward digital commerce.
5) Philip Morris International Inc — A defensive consumer investment emphasizing established brands, regulatory navigation experience, and disciplined capital returns.
Overall, Terry Smith’s stock selection emphasizes quality investment opportunities within mature industries where competitive strengths and repeatable performance can compound over time.