Terry Smith - Fundsmith 13F Activity & Position Changes (Q4 2017)
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, 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 Q4 2017, the filing reported:
New Buys - PayPal Holdings, Inc.
Increases - Colgate-Palmolive Company, Intuit Inc., 3M Company, Microsoft Corporation, Pepsico, Inc., and 3 more
Reductions - Automatic Data Processing, Inc., IDEXX Laboratories, Inc., Johnson & Johnson, Marriott International, Stryker Corporation
Complete Exits - None reported
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 2017
|
ADP
Automatic Data Processing, Inc.
|
Sell |
-30,045
|
|
Q4 2017
|
CL
Colgate-Palmolive Company
|
Buy |
+17,359
|
|
Q4 2017
|
IDXX
IDEXX Laboratories, Inc.
|
Sell |
-14,088,162
|
|
Q4 2017
|
INTU
Intuit Inc.
|
Buy |
+572,816
|
|
Q4 2017
|
JNJ
Johnson & Johnson
|
Sell |
-42,335
|
|
Q4 2017
|
MAR
Marriott International
|
Sell |
-44,995
|
|
Q4 2017
|
MMM
3M Company
|
Buy |
+73,696
|
|
Q4 2017
|
MSFT
Microsoft Corporation
|
Buy |
+14,825
|
|
Q4 2017
|
PEP
Pepsico, Inc.
|
Buy |
+243,278
|
|
Q4 2017
|
PM
Philip Morris International Inc
|
Buy |
+1,255,808
|
|
Q4 2017
|
PYPL
PayPal Holdings, Inc.
|
Buy - Position Entry |
+14,461,577
|
|
Q4 2017
|
SYK
Stryker Corporation
|
Sell |
-36,389
|
|
Q4 2017
|
V
Visa Inc.
|
Buy |
+516,508
|
|
Q4 2017
|
WAT
Waters Corporation
|
Buy |
+9,557
|