Terry Smith - Fundsmith 13F Activity & Position Changes (Q2 2026)
According to the SEC 13F filed on Aug 14, 2026, the Fundsmith 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, Fair Isaac Corporation, GE Vernova Inc., InterDigital, Inc., Mastercard Incorporated, and 8 more
Increases - Badger Meter, Inc., Clorox Company (The), Manhattan Associates, Inc., NAPCO Security Technologies, In
Reductions - Automatic Data Processing, Inc., Church & Dwight Company, Inc., Doximity, Inc., Fortinet, Inc., Alphabet Inc., and 16 more
Complete Exits - Catalyst Pharmaceuticals, Inc., Home Depot, Inc. (The), Mettler-Toledo International, I, Otis Worldwide Corporation, Qualys, Inc., 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
|
ADP
Automatic Data Processing, Inc.
|
Sell |
-1,253,538
|
|
Q2 2026
|
APP
Applovin Corporation
|
Buy - Position Entry |
+696,568
|
|
Q2 2026
|
BMI
Badger Meter, Inc.
|
Buy |
+32,136
|
|
Q2 2026
|
CHD
Church & Dwight Company, Inc.
|
Sell |
-184,874
|
|
Q2 2026
|
CLX
Clorox Company (The)
|
Buy |
+14,101
|
|
Q2 2026
|
CPRX
Catalyst Pharmaceuticals, Inc.
|
Sell - Position Exit |
-844,887
|
|
Q2 2026
|
DOCS
Doximity, Inc.
|
Sell |
-38,462
|
|
Q2 2026
|
FICO
Fair Isaac Corporation
|
Buy - Position Entry |
+17,953
|
|
Q2 2026
|
FTNT
Fortinet, Inc.
|
Sell |
-2,526,737
|
|
Q2 2026
|
GEV
GE Vernova Inc.
|
Buy - Position Entry |
+409,835
|
|
Q2 2026
|
GOOGL
Alphabet Inc.
|
Sell |
-1,182,844
|
|
Q2 2026
|
HD
Home Depot, Inc. (The)
|
Sell - Position Exit |
-28,611
|
|
Q2 2026
|
IDCC
InterDigital, Inc.
|
Buy - Position Entry |
+60,324
|
|
Q2 2026
|
IDXX
IDEXX Laboratories, Inc.
|
Sell |
-445,899
|
|
Q2 2026
|
MA
Mastercard Incorporated
|
Buy - Position Entry |
+1,245,051
|
|
Q2 2026
|
MANH
Manhattan Associates, Inc.
|
Buy |
+52,089
|
|
Q2 2026
|
MAR
Marriott International
|
Sell |
-785,115
|
|
Q2 2026
|
MEDP
Medpace Holdings, Inc.
|
Sell |
-10,296
|
|
Q2 2026
|
META
Meta Platforms, Inc.
|
Sell |
-269,499
|
|
Q2 2026
|
MSCI
MSCI Inc.
|
Sell |
-11,208
|
|
Q2 2026
|
MSFT
Microsoft Corporation
|
Sell |
-483,000
|
|
Q2 2026
|
MTD
Mettler-Toledo International, I
|
Sell - Position Exit |
-568,516
|
|
Q2 2026
|
NFLX
Netflix, Inc.
|
Buy - Position Entry |
+6,990,345
|
|
Q2 2026
|
NSSC
NAPCO Security Technologies, In
|
Buy |
+223,378
|
|
Q2 2026
|
NTNX
Nutanix, Inc.
|
Sell |
-39,111
|
|
Q2 2026
|
NXT
Nextracker Inc.
|
Buy - Position Entry |
+2,856,092
|
|
Q2 2026
|
ORLY
O'Reilly Automotive, Inc.
|
Buy - Position Entry |
+162,691
|
|
Q2 2026
|
OTIS
Otis Worldwide Corporation
|
Sell - Position Exit |
-2,731,635
|
|
Q2 2026
|
PAYC
Paycom Software, Inc.
|
Sell |
-118,694
|
|
Q2 2026
|
PG
Procter & Gamble Company (The)
|
Sell |
-121,543
|
Page 1 of 3