Terry Smith – Fundsmith Portfolio Activity & Recent Trades (Dec 31, 2025)
As of Dec 31, 2025, the Fundsmith portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 17, 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 Q4 2025, the filing reported:
New Buys – ADMA Biologics Inc, Nutanix, Inc.
Increases – Doximity, Inc., Intuit Inc., Oddity Tech, Zoetis Inc.
Reductions – Automatic Data Processing, Inc., Church & Dwight Company, Inc., Fortinet, Inc., Graco Inc., Alphabet Inc., and 17 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 |
|---|---|---|---|---|---|---|---|
Q4 2025 | ADMA ADMA Biologics Inc | ADMA Biologics Inc | Buy - Position Entry | +2,102,054 | - | $38.34M | 2,102,054 |
Q4 2025 | ADP Automatic Data Processing, Inc. | Automatic Data Processing, Inc. | Sell | -133,634 | -3.1% | $1.07B | 4,177,969 |
Q4 2025 | CHD Church & Dwight Company, Inc. | Church & Dwight Company, Inc. | Sell | -66,240 | -1.0% | $564.18M | 6,728,404 |
Q4 2025 | DOCS Doximity, Inc. | Doximity, Inc. | Buy | +294,058 | +21.7% | $73.06M | 1,650,002 |
Q4 2025 | FTNT Fortinet, Inc. | Fortinet, Inc. | Sell | -1,904,081 | -22.6% | $517.44M | 6,516,011 |
Q4 2025 | GGG Graco Inc. | Graco Inc. | Sell | -321,529 | -35.7% | $47.46M | 579,016 |
Q4 2025 | GOOGL Alphabet Inc. | Alphabet Inc. | Sell | -2,790,833 | -44.4% | $1.10B | 3,498,519 |
Q4 2025 | HD Home Depot, Inc. (The) | Home Depot, Inc. (The) | Sell | -4,654 | -5.5% | $27.60M | 80,206 |
Q4 2025 | IDXX IDEXX Laboratories, Inc. | IDEXX Laboratories, Inc. | Sell | -734,422 | -28.1% | $1.27B | 1,876,035 |
Q4 2025 | INTU Intuit Inc. | Intuit Inc. | Buy | +21,163 | +3.5% | $414.42M | 625,619 |
Q4 2025 | MAR Marriott International | Marriott International | Sell | -248,371 | -5.9% | $1.23B | 3,979,927 |
Q4 2025 | MEDP Medpace Holdings, Inc. | Medpace Holdings, Inc. | Sell | -44,970 | -35.3% | $46.37M | 82,567 |
Q4 2025 | META Meta Platforms, Inc. | Meta Platforms, Inc. | Sell | -195,125 | -12.5% | $900.06M | 1,363,539 |
Q4 2025 | MSFT Microsoft Corporation | Microsoft Corporation | Sell | -503,398 | -19.5% | $1.01B | 2,079,971 |
Q4 2025 | MTD Mettler-Toledo International, I | Mettler-Toledo International, I | Sell | -10,147 | -1.7% | $809.34M | 580,507 |
Q4 2025 | NKE Nike, Inc. | Nike, Inc. | Sell | -359,302 | -5.9% | $367.62M | 5,770,181 |
Q4 2025 | NTNX Nutanix, Inc. | Nutanix, Inc. | Buy - Position Entry | +1,377,158 | - | $71.19M | 1,377,158 |
Q4 2025 | ODD Oddity Tech | Oddity Tech | Buy | +657,211 | +46.4% | $83.34M | 2,074,167 |
Q4 2025 | OTIS Otis Worldwide Corporation | Otis Worldwide Corporation | Sell | -2,706,771 | -46.5% | $271.87M | 3,112,380 |
Q4 2025 | PG Procter & Gamble Company (The) | Procter & Gamble Company (The) | Sell | -328,992 | -7.2% | $608.79M | 4,248,048 |
Q4 2025 | PM Philip Morris International Inc | Philip Morris International Inc | Sell | -1,063,547 | -14.8% | $982.39M | 6,124,597 |
Q4 2025 | QLYS Qualys, Inc. | Qualys, Inc. | Sell | -223,053 | -25.6% | $86.09M | 647,806 |
Q4 2025 | SYK Stryker Corporation | Stryker Corporation | Sell | -903,782 | -19.7% | $1.30B | 3,687,511 |
Q4 2025 | TXN Texas Instruments Incorporated | Texas Instruments Incorporated | Sell | -98,329 | -3.6% | $455.16M | 2,623,552 |
Q4 2025 | V Visa Inc. | Visa Inc. | Sell | -319,652 | -8.3% | $1.24B | 3,534,684 |
Q4 2025 | VRT Vertiv Holdings, LLC | Vertiv Holdings, LLC | Sell | -180,506 | -30.5% | $66.58M | 410,944 |
Q4 2025 | WAT Waters Corporation | Waters Corporation | Sell | -397,520 | -10.0% | $1.35B | 3,557,978 |
Q4 2025 | ZTS Zoetis Inc. | Zoetis Inc. | Buy | +285,672 | +7.9% | $490.80M | 3,900,803 |
Q3 2025 | ADP Automatic Data Processing, Inc. | Automatic Data Processing, Inc. | Sell | -50,496 | -1.2% | $1.27B | 4,311,603 |
Q3 2025 | CHD Church & Dwight Company, Inc. | Church & Dwight Company, Inc. | Sell | -29,645 | -0.4% | $595.41M | 6,794,644 |