Terry Smith - Fundsmith 13F Activity & Position Changes (Q1 2016)
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, 2016. 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
|