Terry Smith - Fundsmith 13F Activity & Position Changes (Q4 2016)
According to the SEC 13F filed on Aug 14, 2026, the Fundsmith portfolio showed several notable changes in holdings as of quarter-end Dec 31, 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 Q4 2016, the filing reported:
Increases - Colgate-Palmolive Company, Estee Lauder Companies, Inc. (T, Johnson & Johnson, Microsoft Corporation, Pepsico, Inc., and 5 more
Complete Exits - Oracle Corporation
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 |
|---|---|---|---|
|
Q4 2016
|
ADP
Automatic Data Processing, Inc.
|
Buy - Position Entry |
+3,878,243
|
|
Q4 2016
|
BDX
Becton, Dickinson and Company
|
Buy - Position Entry |
+2,224,922
|
|
Q4 2016
|
CL
Colgate-Palmolive Company
|
Buy |
+19,873
|
|
Q4 2016
|
EL
Estee Lauder Companies, Inc. (T
|
Buy |
+160,348
|
|
Q4 2016
|
IDXX
IDEXX Laboratories, Inc.
|
Sell |
-14,017
|
|
Q4 2016
|
JNJ
Johnson & Johnson
|
Buy |
+120,074
|
|
Q4 2016
|
MAR
Marriott International
|
Sell |
-19,942
|
|
Q4 2016
|
MMM
3M Company
|
Sell |
-8,010
|
|
Q4 2016
|
MSFT
Microsoft Corporation
|
Buy |
+267,350
|
|
Q4 2016
|
ORCL
Oracle Corporation
|
Sell - Position Exit |
-22,526
|
|
Q4 2016
|
PEP
Pepsico, Inc.
|
Buy |
+388,714
|
|
Q4 2016
|
PM
Philip Morris International Inc
|
Buy |
+187,023
|
|
Q4 2016
|
PYPL
PayPal Holdings, Inc.
|
Buy |
+676,958
|
|
Q4 2016
|
SJM
The J.M. Smucker Company
|
Sell |
-1,534
|
|
Q4 2016
|
SYK
Stryker Corporation
|
Buy |
+812,518
|
|
Q4 2016
|
V
Visa Inc.
|
Buy |
+7,755
|
|
Q4 2016
|
WAT
Waters Corporation
|
Buy |
+52,997
|