Terry Smith - Fundsmith 13F Activity & Position Changes (Q3 2017)
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, 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 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
|