Terry Smith - Fundsmith 13F Activity & Position Changes (Q1 2014)
According to the SEC 13F filed on Aug 14, 2026, the Fundsmith portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2014. 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 Q1 2014, the filing reported:
New Buys - None reported
Increases - Johnson & Johnson, McDonald's Corporation, Pepsico, Inc., Procter & Gamble Company (The), Philip Morris International Inc, and 2 more
Reductions - Choice Hotels International, In, Colgate-Palmolive Company
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 | Type | Change Qty |
|---|---|---|---|
|
Q1 2014
|
CHH
Choice Hotels International, In
|
Sell |
-540,470
|
|
Q1 2014
|
CL
Colgate-Palmolive Company
|
Sell |
-334,602
|
|
Q1 2014
|
JNJ
Johnson & Johnson
|
Buy |
+112,077
|
|
Q1 2014
|
MCD
McDonald's Corporation
|
Buy |
+147,767
|
|
Q1 2014
|
PEP
Pepsico, Inc.
|
Buy |
+379,473
|
|
Q1 2014
|
PG
Procter & Gamble Company (The)
|
Buy |
+112,478
|
|
Q1 2014
|
PM
Philip Morris International Inc
|
Buy |
+279,354
|
|
Q1 2014
|
SYK
Stryker Corporation
|
Buy |
+111,569
|
|
Q1 2014
|
V
Visa Inc.
|
Buy |
+122,130
|