Terry Smith - Fundsmith 13F Activity & Position Changes (Q1 2017)
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, 2017. 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 2017, the filing reported:
New Buys - None reported
Increases - Automatic Data Processing, Inc., Becton, Dickinson and Company, Colgate-Palmolive Company, Estee Lauder Companies, Inc. (T, IDEXX Laboratories, Inc., and 8 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 | Type | Change Qty |
|---|---|---|---|
|
Q1 2017
|
ADP
Automatic Data Processing, Inc.
|
Buy |
+133,125
|
|
Q1 2017
|
BDX
Becton, Dickinson and Company
|
Buy |
+71,691
|
|
Q1 2017
|
CL
Colgate-Palmolive Company
|
Buy |
+198,067
|
|
Q1 2017
|
EL
Estee Lauder Companies, Inc. (T
|
Buy |
+136,237
|
|
Q1 2017
|
IDXX
IDEXX Laboratories, Inc.
|
Buy |
+3,341
|
|
Q1 2017
|
JNJ
Johnson & Johnson
|
Buy |
+681
|
|
Q1 2017
|
MAR
Marriott International
|
Buy |
+8,254
|
|
Q1 2017
|
MMM
3M Company
|
Sell |
-6,193
|
|
Q1 2017
|
MSFT
Microsoft Corporation
|
Sell |
-166
|
|
Q1 2017
|
PEP
Pepsico, Inc.
|
Buy |
+378,680
|
|
Q1 2017
|
PM
Philip Morris International Inc
|
Buy |
+8,735
|
|
Q1 2017
|
PYPL
PayPal Holdings, Inc.
|
Buy |
+565,992
|
|
Q1 2017
|
SJM
The J.M. Smucker Company
|
Sell |
-7,798
|
|
Q1 2017
|
SYK
Stryker Corporation
|
Buy |
+226,057
|
|
Q1 2017
|
V
Visa Inc.
|
Buy |
+2,401
|
|
Q1 2017
|
WAT
Waters Corporation
|
Buy |
+349,178
|