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, a reputable investor, has concentrated his investment portfolio on leading companies known for their stable growth and market dominance. Microsoft Corporation claims the top position at 13.3%, reflecting Smith's confidence in this tech giant's continued innovation and enterprise value within the software industry. The second-largest stake is held in Meta Platforms Inc - Class A shares, accounting for 10.1% of the portfolio, indicating strong belief in the social media company's significant presence in digital advertising and its potential in the evolving virtual reality space.
Healthcare also plays a pivotal role with Stryker Corp., making up 7.5% of Smith's holdings. This choice underscores an investment strategy that values high-quality manufacturers in medical technology. Payment technology leader Visa Inc occupies the fourth spot with 6.3%, showcasing trust in continuous consumer engagement in cashless transactions and robust payment systems. Automatic Data Processing Inc rounds out the top five investments at 5.6%, signaling reliance on established providers of business outsourcing services, including human resources management systems and payroll processing.
Smith's stock picks underscore an investment strategy favoring companies with reliable revenue models and solid market positions. Investors looking into his investment leanings would note a preference for diversification across sectors poised for sustainable growth—the blend of technology, fintech, and healthcare giants mirrors an objective to balance risk and opportunity.
Terry Smith grew up in East London and attended Stratford Grammar School. He later attended University College Cardiff.
After working for Barclays Bank from 1973 to 1984, Smith obtained an MBA from Henley Management College in 1979. He later worked as a research analyst at W Greenwell & Co, before joining Barclays de Zoete Wedd. In 1990, he was appointed Head of UK Company Research at UBS Phillips & Drew, a position he held until 1992.
