Terry Smith - Fundsmith 13F Activity & Position Changes (Q3 2016)
As of Sep 30, 2016, the Fundsmith portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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 Q3 2016, the filing reported:
Increases - Colgate-Palmolive Company, IDEXX Laboratories, Inc., Johnson & Johnson, 3M Company, Microsoft Corporation, and 7 more
Reductions - None reported
Complete Exits - Automatic Data Processing, Inc., Becton, Dickinson and Company
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 |
|---|---|---|---|
|
Q3 2016
|
ADP
Automatic Data Processing, Inc.
|
Sell - Position Exit |
-3,336,791
|
|
Q3 2016
|
BDX
Becton, Dickinson and Company
|
Sell - Position Exit |
-1,793,493
|
|
Q3 2016
|
CL
Colgate-Palmolive Company
|
Buy |
+521,450
|
|
Q3 2016
|
EL
Estee Lauder Companies, Inc. (T
|
Buy - Position Entry |
+3,430,435
|
|
Q3 2016
|
IDXX
IDEXX Laboratories, Inc.
|
Buy |
+21,547
|
|
Q3 2016
|
JNJ
Johnson & Johnson
|
Buy |
+278,625
|
|
Q3 2016
|
MAR
Marriott International
|
Buy - Position Entry |
+196,378
|
|
Q3 2016
|
MMM
3M Company
|
Buy |
+32,051
|
|
Q3 2016
|
MSFT
Microsoft Corporation
|
Buy |
+1,097,542
|
|
Q3 2016
|
ORCL
Oracle Corporation
|
Buy - Position Entry |
+22,526
|
|
Q3 2016
|
PEP
Pepsico, Inc.
|
Buy |
+1,062,725
|
|
Q3 2016
|
PM
Philip Morris International Inc
|
Buy |
+598,401
|
|
Q3 2016
|
PYPL
PayPal Holdings, Inc.
|
Buy |
+2,022,180
|
|
Q3 2016
|
SJM
The J.M. Smucker Company
|
Buy |
+173,109
|
|
Q3 2016
|
SYK
Stryker Corporation
|
Buy |
+204,143
|
|
Q3 2016
|
V
Visa Inc.
|
Buy |
+427,457
|
|
Q3 2016
|
WAT
Waters Corporation
|
Buy |
+589,042
|