Many readers are probably not familiar with Terry Smith. He's a fund manager whose firm is based in England and has a stellar track record. Because of his strategy of trying to buy the best businesses at reasonable valuations, he's known as Britain's Warren Buffett. 

Investors can take a look inside his fund's portfolio to see that Home Depot (NYSE: HD), the leading home improvement chain, is a holding. While it's a relatively small position, I think it's still a smart idea to try and figure out why one of the top fund managers in the world owns this large-cap retail stock. Perhaps then investors could decide for themselves if they should buy shares. 

Here are four valid reasons why I believe Terry Smith likes Home Depot. 

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Source Fool.com