Terry Smith - Fundsmith 13F Activity & Position Changes (Q3 2022)

As of Sep 30, 2022, the Fundsmith portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 14, 2022. 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 2022, the filing reported:

New Buys - Apple Inc., Edwards Lifesciences Corporatio, IDEX Corporation, Otis Worldwide Corporation

Increases - Adobe Inc., Automatic Data Processing, Inc., Amazon.com, Inc., Brown Forman Inc, Cognex Corporation, and 24 more

Reductions - ANSYS, Inc., Intuit Inc., Microsoft Corporation, Paycom Software, Inc., PayPal Holdings, Inc., and 3 more

Complete Exits - Wingstop Inc.

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2022	AAPL Apple Inc.	Apple Inc.	Buy - Position Entry	+456,485	-	$63.09K	456,485
Q3 2022	ADBE Adobe Inc.	Adobe Inc.	Buy	+2,449	+0.1%	$581.03K	2,111,297
Q3 2022	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+6,300	+0.1%	$1.26M	5,571,678
Q3 2022	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+5,302	+0.1%	$766.63K	6,784,322
Q3 2022	ANSS ANSYS, Inc.	ANSYS, Inc.	Sell	-104,576	-27.6%	$60.87K	274,559
Q3 2022	BF-B Brown Forman Inc	Brown Forman Inc	Buy	+13,209	+0.1%	$813.91K	12,226,340
Q3 2022	CGNX Cognex Corporation	Cognex Corporation	Buy	+24,978	+1.2%	$85.47K	2,062,083
Q3 2022	CHD Church & Dwight Company, Inc.	Church & Dwight Company, Inc.	Buy	+13,764	+0.2%	$604.24K	8,458,025
Q3 2022	EFX Equifax, Inc.	Equifax, Inc.	Buy	+5,737	+1.2%	$85.00K	495,850
Q3 2022	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Buy	+4,678	+0.1%	$1.29M	5,955,974
Q3 2022	EW Edwards Lifesciences Corporatio	Edwards Lifesciences Corporatio	Buy - Position Entry	+9,979	-	$825.00	9,979
Q3 2022	FTNT Fortinet, Inc.	Fortinet, Inc.	Buy	+26,787	+1.2%	$113.78K	2,315,857
Q3 2022	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+7,251,576	+1902.0%	$730.08K	7,632,828
Q3 2022	HD Home Depot, Inc. (The)	Home Depot, Inc. (The)	Buy	+750	+0.5%	$42.01K	152,255
Q3 2022	IDXX IDEXX Laboratories, Inc.	IDEXX Laboratories, Inc.	Buy	+1,902	+0.1%	$1.18M	3,620,777
Q3 2022	IEX IDEX Corporation	IDEX Corporation	Buy - Position Entry	+95,928	-	$19.17K	95,928
Q3 2022	INTU Intuit Inc.	Intuit Inc.	Sell	-674,761	-28.5%	$657.15K	1,696,667
Q3 2022	IPGP IPG Photonics Corporation	IPG Photonics Corporation	Buy	+9,892	+1.2%	$72.14K	855,203
Q3 2022	JNJ Johnson & Johnson	Johnson & Johnson	Buy	+1,393	+0.5%	$44.90K	274,847
Q3 2022	MASI Masimo Corporation	Masimo Corporation	Buy	+8,848	+1.2%	$108.01K	765,161
Q3 2022	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+2,803	+0.1%	$743.57K	5,480,284
Q3 2022	MKC McCormick & Company, Incorporat	McCormick & Company, Incorporat	Buy	+13,838	+0.1%	$1.11M	15,506,721
Q3 2022	MSCI MSCI Inc.	MSCI Inc.	Buy	+2,447	+1.2%	$89.23K	211,551
Q3 2022	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-735,920	-7.3%	$2.16M	9,284,614
Q3 2022	MTD Mettler-Toledo International, I	Mettler-Toledo International, I	Buy	+21,004	+3.9%	$608.69K	561,456
Q3 2022	NKE Nike, Inc.	Nike, Inc.	Buy	+6,671	+0.1%	$559.76K	6,734,408
Q3 2022	OTIS Otis Worldwide Corporation	Otis Worldwide Corporation	Buy - Position Entry	+6,285,878	-	$401.04K	6,285,878
Q3 2022	PAYC Paycom Software, Inc.	Paycom Software, Inc.	Sell	-94,414	-36.9%	$53.23K	161,308
Q3 2022	PEP Pepsico, Inc.	Pepsico, Inc.	Buy	+7,287	+0.1%	$1.17M	7,144,313
Q3 2022	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Buy	+1,593	+0.5%	$39.67K	314,211

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