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Terry Smith is known as one of the world's greatest quality investors and the 'English Warren Buffett.'

Terry Smith manages $21 billion for Fundsmith.

Here are his top five positions:

1. Microsoft $Microsoft(MSFT.US)$

9,284,614 shares owned
10.3% of the portfolio

16,489,067 shares owned
6.5% of the portfolio

3. Estee Lauder $Estee Lauder(EL.US)$

5,955,974 shares owned
6.1% of the portfolio

4. Automatic Data Processing $Automatic Data Processing(ADP.US)$

5,571,678 shares owned
5.9% of the portfolio

5. IDEXX Laboratories $IDEXX Laboratories Inc(IDXX.US)$

3,620,777 shares owned
5.6% of the portfolio

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    Some famous words of Buffett. I hope it's useful to you. : )
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