Terry Smith - Fundsmith 13F Activity & Position Changes (Q3 2016)
According to the SEC 13F filed on Aug 14, 2026, the Fundsmith portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2016. 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
|