Terry Smith - Fundsmith 13F Activity & Position Changes (Q2 2018)
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, 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 Q2 2018, the filing reported:
New Buys - McDonald's Corporation
Increases - Automatic Data Processing, Inc., Becton, Dickinson and Company, Colgate-Palmolive Company, Estee Lauder Companies, Inc. (T, IDEXX Laboratories, Inc., and 9 more
Reductions - PayPal Holdings, Inc., Visa Inc.
Complete Exits - Microsoft Corporation
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 2018
|
ADP
Automatic Data Processing, Inc.
|
Buy |
+8,507
|
|
Q2 2018
|
BDX
Becton, Dickinson and Company
|
Buy |
+129,173
|
|
Q2 2018
|
CL
Colgate-Palmolive Company
|
Buy |
+458,925
|
|
Q2 2018
|
EL
Estee Lauder Companies, Inc. (T
|
Buy |
+607,099
|
|
Q2 2018
|
IDXX
IDEXX Laboratories, Inc.
|
Buy |
+1,447
|
|
Q2 2018
|
INTU
Intuit Inc.
|
Buy |
+1,672
|
|
Q2 2018
|
JNJ
Johnson & Johnson
|
Buy |
+228,175
|
|
Q2 2018
|
MAR
Marriott International
|
Buy |
+802
|
|
Q2 2018
|
MCD
McDonald's Corporation
|
Buy - Position Entry |
+12,080,320
|
|
Q2 2018
|
META
Meta Platforms, Inc.
|
Buy |
+374,922
|
|
Q2 2018
|
MMM
3M Company
|
Buy |
+695,760
|
|
Q2 2018
|
MSFT
Microsoft Corporation
|
Sell - Position Exit |
-12,075,307
|
|
Q2 2018
|
PEP
Pepsico, Inc.
|
Buy |
+1,098,314
|
|
Q2 2018
|
PM
Philip Morris International Inc
|
Buy |
+1,566,361
|
|
Q2 2018
|
PYPL
PayPal Holdings, Inc.
|
Sell |
-15,227
|
|
Q2 2018
|
SYK
Stryker Corporation
|
Buy |
+2,215
|
|
Q2 2018
|
V
Visa Inc.
|
Sell |
-841
|
|
Q2 2018
|
WAT
Waters Corporation
|
Buy |
+360,404
|