Terry Smith - Fundsmith 13F Activity & Position Changes (Q2 2017)
According to the SEC 13F filed on Aug 14, 2026, the Fundsmith portfolio showed several notable changes in holdings as of quarter-end Jun 30, 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 Q2 2017, the filing reported:
New Buys - Intuit Inc.
Increases - Automatic Data Processing, Inc., Becton, Dickinson and Company, Estee Lauder Companies, Inc. (T, Marriott International, 3M Company, and 6 more
Reductions - Colgate-Palmolive Company, IDEXX Laboratories, Inc., Johnson & Johnson, Pepsico, Inc., The J.M. Smucker 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 |
|---|---|---|---|
|
Q2 2017
|
ADP
Automatic Data Processing, Inc.
|
Buy |
+1,164,972
|
|
Q2 2017
|
BDX
Becton, Dickinson and Company
|
Buy |
+5,977
|
|
Q2 2017
|
CL
Colgate-Palmolive Company
|
Sell |
-18,158
|
|
Q2 2017
|
EL
Estee Lauder Companies, Inc. (T
|
Buy |
+118,489
|
|
Q2 2017
|
IDXX
IDEXX Laboratories, Inc.
|
Sell |
-34,167
|
|
Q2 2017
|
INTU
Intuit Inc.
|
Buy - Position Entry |
+1,090,434
|
|
Q2 2017
|
JNJ
Johnson & Johnson
|
Sell |
-25,596
|
|
Q2 2017
|
MAR
Marriott International
|
Buy |
+60
|
|
Q2 2017
|
MMM
3M Company
|
Buy |
+199,716
|
|
Q2 2017
|
MSFT
Microsoft Corporation
|
Buy |
+518,608
|
|
Q2 2017
|
PEP
Pepsico, Inc.
|
Sell |
-35,246
|
|
Q2 2017
|
PM
Philip Morris International Inc
|
Buy |
+79,106
|
|
Q2 2017
|
PYPL
PayPal Holdings, Inc.
|
Buy |
+889,976
|
|
Q2 2017
|
SJM
The J.M. Smucker Company
|
Sell |
-1,570,720
|
|
Q2 2017
|
SYK
Stryker Corporation
|
Buy |
+552
|
|
Q2 2017
|
V
Visa Inc.
|
Buy |
+262,930
|
|
Q2 2017
|
WAT
Waters Corporation
|
Buy |
+401,420
|