Terry Smith - Fundsmith Investment Services 13F Activity & Position Changes (Q2 2026)
According to the SEC 13F filed on Aug 14, 2026, the Fundsmith Investment Services portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q2 2026, the filing reported:
New Buys - Applovin Corporation, GE Vernova Inc., Mastercard Incorporated, Netflix, Inc., Nextracker Inc., and 4 more
Increases - Badger Meter, Inc., TJX Companies, Inc. (The), Taiwan Semiconductor Manufactur, Waste Management, Inc.
Reductions - Automatic Data Processing, Inc., Church & Dwight Company, Inc., Fortinet, Inc., Alphabet Inc., IDEXX Laboratories, Inc., and 9 more
Complete Exits - Apple Inc., Amazon.com, Inc., Home Depot, Inc. (The), Mettler-Toledo International, I, Otis Worldwide Corporation, and 1 more
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Type | Change Qty |
|---|---|---|---|
|
Q2 2026
|
AAPL
Apple Inc.
|
Sell - Position Exit |
-2,183
|
|
Q2 2026
|
ADP
Automatic Data Processing, Inc.
|
Sell |
-503,645
|
|
Q2 2026
|
AMZN
Amazon.com, Inc.
|
Sell - Position Exit |
-1,989
|
|
Q2 2026
|
APP
Applovin Corporation
|
Buy - Position Entry |
+233,921
|
|
Q2 2026
|
BMI
Badger Meter, Inc.
|
Buy |
+118,565
|
|
Q2 2026
|
CHD
Church & Dwight Company, Inc.
|
Sell |
-59,916
|
|
Q2 2026
|
FTNT
Fortinet, Inc.
|
Sell |
-533,555
|
|
Q2 2026
|
GEV
GE Vernova Inc.
|
Buy - Position Entry |
+128,646
|
|
Q2 2026
|
GOOGL
Alphabet Inc.
|
Sell |
-575,416
|
|
Q2 2026
|
HD
Home Depot, Inc. (The)
|
Sell - Position Exit |
-4,585
|
|
Q2 2026
|
IDXX
IDEXX Laboratories, Inc.
|
Sell |
-154,528
|
|
Q2 2026
|
MA
Mastercard Incorporated
|
Buy - Position Entry |
+392,933
|
|
Q2 2026
|
MAR
Marriott International
|
Sell |
-297,202
|
|
Q2 2026
|
META
Meta Platforms, Inc.
|
Sell |
-128,310
|
|
Q2 2026
|
MSFT
Microsoft Corporation
|
Sell |
-158,641
|
|
Q2 2026
|
MTD
Mettler-Toledo International, I
|
Sell - Position Exit |
-222,759
|
|
Q2 2026
|
NFLX
Netflix, Inc.
|
Buy - Position Entry |
+2,186,945
|
|
Q2 2026
|
NXT
Nextracker Inc.
|
Buy - Position Entry |
+903,523
|
|
Q2 2026
|
ORLY
O'Reilly Automotive, Inc.
|
Buy - Position Entry |
+5,410
|
|
Q2 2026
|
OTIS
Otis Worldwide Corporation
|
Sell - Position Exit |
-966,787
|
|
Q2 2026
|
PG
Procter & Gamble Company (The)
|
Sell |
-674,762
|
|
Q2 2026
|
PM
Philip Morris International Inc
|
Sell |
-733,323
|
|
Q2 2026
|
SYK
Stryker Corporation
|
Sell |
-135,265
|
|
Q2 2026
|
TJX
TJX Companies, Inc. (The)
|
Buy |
+718,337
|
|
Q2 2026
|
TSM
Taiwan Semiconductor Manufactur
|
Buy |
+408,623
|
|
Q2 2026
|
TXN
Texas Instruments Incorporated
|
Sell |
-107,863
|
|
Q2 2026
|
UBER
Uber Technologies, Inc.
|
Buy - Position Entry |
+2,955,961
|
|
Q2 2026
|
V
Visa Inc.
|
Sell |
-344,953
|
|
Q2 2026
|
VEEV
Veeva Systems Inc.
|
Buy - Position Entry |
+259,070
|
|
Q2 2026
|
WAT
Waters Corporation
|
Sell |
-259,091
|
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