Terry Smith - Fundsmith Investment Services 13F Activity & Position Changes (Q3 2022)

According to the SEC 13F filed on Nov 14, 2022, the Fundsmith Investment Services portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2022. 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 Q3 2022, the filing reported:

New Buys - Apple Inc., Otis Worldwide Corporation

Increases - Alphabet Inc.

Reductions - Adobe Inc., Automatic Data Processing, Inc., Church & Dwight Company, Inc., Estee Lauder Companies, Inc. (T, Home Depot, Inc. (The), and 13 more

Complete Exits - None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2022	AAPL Apple Inc.	Apple Inc.	Buy - Position Entry	+260,086	-	$35.94K	260,086
Q3 2022	ADBE Adobe Inc.	Adobe Inc.	Sell	-2,220	-0.3%	$188.15K	683,676
Q3 2022	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-4,094	-0.3%	$318.27K	1,407,105
Q3 2022	CHD Church & Dwight Company, Inc.	Church & Dwight Company, Inc.	Sell	-11,027	-0.3%	$229.91K	3,218,288
Q3 2022	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Sell	-3,521	-0.2%	$349.55K	1,619,051
Q3 2022	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+1,858,049	+1893.7%	$187.11K	1,956,167
Q3 2022	HD Home Depot, Inc. (The)	Home Depot, Inc. (The)	Sell	-2,948	-9.5%	$7.75K	28,098
Q3 2022	IDXX IDEXX Laboratories, Inc.	IDEXX Laboratories, Inc.	Sell	-1,389	-0.1%	$325.11K	997,876
Q3 2022	INTU Intuit Inc.	Intuit Inc.	Sell	-1,925	-0.3%	$293.51K	757,796
Q3 2022	JNJ Johnson & Johnson	Johnson & Johnson	Sell	-5,477	-9.5%	$8.53K	52,213
Q3 2022	MKC McCormick & Company, Incorporat	McCormick & Company, Incorporat	Sell	-11,097	-0.3%	$286.77K	4,023,781
Q3 2022	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-3,503	-0.1%	$637.98K	2,739,287
Q3 2022	MTD Mettler-Toledo International, I	Mettler-Toledo International, I	Sell	-617	-0.3%	$242.14K	223,355
Q3 2022	OTIS Otis Worldwide Corporation	Otis Worldwide Corporation	Buy - Position Entry	+1,612,687	-	$102.89K	1,612,687
Q3 2022	PEP Pepsico, Inc.	Pepsico, Inc.	Sell	-4,656	-0.2%	$340.72K	2,086,959
Q3 2022	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Sell	-6,261	-9.5%	$7.54K	59,691
Q3 2022	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Sell	-106,247	-4.2%	$209.94K	2,439,225
Q3 2022	SYK Stryker Corporation	Stryker Corporation	Sell	-3,572	-0.2%	$330.02K	1,629,424
Q3 2022	V Visa Inc.	Visa Inc.	Sell	-4,192	-0.3%	$258.66K	1,456,030
Q3 2022	WAT Waters Corporation	Waters Corporation	Sell	-2,774	-0.3%	$221.77K	822,817
Q3 2022	ZTS Zoetis Inc.	Zoetis Inc.	Sell	-4,448	-9.5%	$6.29K	42,398