Terry Smith - Fundsmith 13F Activity & Position Changes (Q3 2017)
As of Sep 30, 2017, 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 2017, the filing reported:
New Buys - None reported
Increases - Automatic Data Processing, Inc., Colgate-Palmolive Company, IDEXX Laboratories, Inc., Intuit Inc., Johnson & Johnson, and 5 more
Reductions - Becton, Dickinson and Company, Estee Lauder Companies, Inc. (T, Marriott International, Stryker Corporation, Visa Inc.
Complete Exits - PayPal Holdings, Inc., The J.M. Smucker 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 2017
|
ADP
Automatic Data Processing, Inc.
|
Buy |
+376,897
|
|
Q3 2017
|
BDX
Becton, Dickinson and Company
|
Sell |
-675
|
|
Q3 2017
|
CL
Colgate-Palmolive Company
|
Buy |
+372,583
|
|
Q3 2017
|
EL
Estee Lauder Companies, Inc. (T
|
Sell |
-608
|
|
Q3 2017
|
IDXX
IDEXX Laboratories, Inc.
|
Buy |
+14,046,878
|
|
Q3 2017
|
INTU
Intuit Inc.
|
Buy |
+1,094,420
|
|
Q3 2017
|
JNJ
Johnson & Johnson
|
Buy |
+295,714
|
|
Q3 2017
|
MAR
Marriott International
|
Sell |
-60
|
|
Q3 2017
|
MMM
3M Company
|
Buy |
+461,859
|
|
Q3 2017
|
MSFT
Microsoft Corporation
|
Buy |
+355,610
|
|
Q3 2017
|
PEP
Pepsico, Inc.
|
Buy |
+225,363
|
|
Q3 2017
|
PM
Philip Morris International Inc
|
Buy |
+1,010,877
|
|
Q3 2017
|
PYPL
PayPal Holdings, Inc.
|
Sell - Position Exit |
-14,051,261
|
|
Q3 2017
|
SJM
The J.M. Smucker Company
|
Sell - Position Exit |
-2,043,846
|
|
Q3 2017
|
SYK
Stryker Corporation
|
Sell |
-1,376
|
|
Q3 2017
|
V
Visa Inc.
|
Sell |
-1,473
|
|
Q3 2017
|
WAT
Waters Corporation
|
Buy |
+521,801
|