Terry Smith - Fundsmith 13F Activity & Position Changes (Q1 2016)
As of Mar 31, 2016, the Fundsmith portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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 Q1 2016, the filing reported:
New Buys - None reported
Increases - Automatic Data Processing, Inc., Becton, Dickinson and Company, IDEXX Laboratories, Inc., Johnson & Johnson, Microsoft Corporation, and 7 more
Reductions - None reported
Complete Exits - Procter & Gamble Company (The)
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 2016
|
ADP
Automatic Data Processing, Inc.
|
Buy |
+435,403
|
|
Q1 2016
|
BDX
Becton, Dickinson and Company
|
Buy |
+31,600
|
|
Q1 2016
|
IDXX
IDEXX Laboratories, Inc.
|
Buy |
+1,719,511
|
|
Q1 2016
|
JNJ
Johnson & Johnson
|
Buy |
+145,133
|
|
Q1 2016
|
MSFT
Microsoft Corporation
|
Buy |
+328,645
|
|
Q1 2016
|
PEP
Pepsico, Inc.
|
Buy |
+28,572
|
|
Q1 2016
|
PG
Procter & Gamble Company (The)
|
Sell - Position Exit |
-1,870,102
|
|
Q1 2016
|
PM
Philip Morris International Inc
|
Buy |
+296,790
|
|
Q1 2016
|
PYPL
PayPal Holdings, Inc.
|
Buy |
+368,207
|
|
Q1 2016
|
SJM
The J.M. Smucker Company
|
Buy |
+1,292,846
|
|
Q1 2016
|
SYK
Stryker Corporation
|
Buy |
+407,066
|
|
Q1 2016
|
V
Visa Inc.
|
Buy |
+1,130,885
|
|
Q1 2016
|
WAT
Waters Corporation
|
Buy |
+314,348
|