Terry Smith - Fundsmith 13F Activity & Position Changes (Q4 2017)
As of Dec 31, 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 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
|