Terry Smith - Fundsmith Investment Services 13F Activity & Position Changes (Q3 2023)
As of Sep 30, 2023, the Fundsmith Investment Services portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 14, 2023. 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 2023, the filing reported:
New Buys - McDonald's Corporation
Increases - Automatic Data Processing, Inc., Church & Dwight Company, Inc., First Citizens BancShares, Inc., Fortinet, Inc., Alphabet Inc., and 14 more
Reductions - IDEXX Laboratories, Inc., Microsoft Corporation
Complete Exits - Estee Lauder Companies, Inc. (T
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 |
|---|---|---|---|
|
Q3 2023
|
ADP
Automatic Data Processing, Inc.
|
Buy |
+597
|
|
Q3 2023
|
CHD
Church & Dwight Company, Inc.
|
Buy |
+68,273
|
|
Q3 2023
|
EL
Estee Lauder Companies, Inc. (T
|
Sell - Position Exit |
-1,637,837
|
|
Q3 2023
|
FCNCA
First Citizens BancShares, Inc.
|
Buy |
+2,281
|
|
Q3 2023
|
FTNT
Fortinet, Inc.
|
Buy |
+651,599
|
|
Q3 2023
|
GOOGL
Alphabet Inc.
|
Buy |
+904
|
|
Q3 2023
|
HD
Home Depot, Inc. (The)
|
Buy |
+431
|
|
Q3 2023
|
IDXX
IDEXX Laboratories, Inc.
|
Sell |
-29,936
|
|
Q3 2023
|
JNJ
Johnson & Johnson
|
Buy |
+799
|
|
Q3 2023
|
MA
Mastercard Incorporated
|
Buy |
+183
|
|
Q3 2023
|
MAR
Marriott International
|
Buy |
+1,271,972
|
|
Q3 2023
|
MCD
McDonald's Corporation
|
Buy - Position Entry |
+29,341
|
|
Q3 2023
|
MKC
McCormick & Company, Incorporat
|
Buy |
+1,619
|
|
Q3 2023
|
MSFT
Microsoft Corporation
|
Sell |
-123,261
|
|
Q3 2023
|
MTD
Mettler-Toledo International, I
|
Buy |
+1,766
|
|
Q3 2023
|
OTIS
Otis Worldwide Corporation
|
Buy |
+759
|
|
Q3 2023
|
PEP
Pepsico, Inc.
|
Buy |
+680
|
|
Q3 2023
|
PG
Procter & Gamble Company (The)
|
Buy |
+914
|
|
Q3 2023
|
PM
Philip Morris International Inc
|
Buy |
+64,586
|
|
Q3 2023
|
SYK
Stryker Corporation
|
Buy |
+604
|
|
Q3 2023
|
V
Visa Inc.
|
Buy |
+612
|
|
Q3 2023
|
WAT
Waters Corporation
|
Buy |
+80,889
|
|
Q3 2023
|
ZTS
Zoetis Inc.
|
Buy |
+649
|