Terry Smith - Fundsmith 13F Activity & Position Changes (Q1 2018)
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, 2018. 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 2018, the filing reported:
New Buys - Meta Platforms, Inc.
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 2018
|
ADP
Automatic Data Processing, Inc.
|
Buy |
+254,791
|
|
Q1 2018
|
BDX
Becton, Dickinson and Company
|
Buy |
+1,303,991
|
|
Q1 2018
|
CL
Colgate-Palmolive Company
|
Buy |
+632,473
|
|
Q1 2018
|
EL
Estee Lauder Companies, Inc. (T
|
Buy |
+464,559
|
|
Q1 2018
|
IDXX
IDEXX Laboratories, Inc.
|
Buy |
+22,901
|
|
Q1 2018
|
INTU
Intuit Inc.
|
Buy |
+1,210,005
|
|
Q1 2018
|
JNJ
Johnson & Johnson
|
Sell |
-4,545
|
|
Q1 2018
|
MAR
Marriott International
|
Sell |
-2,953
|
|
Q1 2018
|
META
Meta Platforms, Inc.
|
Buy - Position Entry |
+5,142,881
|
|
Q1 2018
|
MMM
3M Company
|
Buy |
+12,792
|
|
Q1 2018
|
MSFT
Microsoft Corporation
|
Buy |
+984,147
|
|
Q1 2018
|
PEP
Pepsico, Inc.
|
Buy |
+780,013
|
|
Q1 2018
|
PM
Philip Morris International Inc
|
Buy |
+1,401,190
|
|
Q1 2018
|
PYPL
PayPal Holdings, Inc.
|
Buy |
+763,390
|
|
Q1 2018
|
SYK
Stryker Corporation
|
Buy |
+376,207
|
|
Q1 2018
|
V
Visa Inc.
|
Sell |
-11,940
|
|
Q1 2018
|
WAT
Waters Corporation
|
Buy |
+3,277
|