Terry Smith – Fundsmith Portfolio Activity & Recent Trades (Jun 30, 2025)
As of Jun 30, 2025, the Fundsmith portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2025. 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 Q2 2025, the filing reported:
New Buys – NAPCO Security Technologies, In (NSSC), Vertiv Holdings, LLC (VRT), Manhattan Associates, Inc. (MANH)
Increases – Catalyst Pharmaceuticals, Inc. (CPRX), Zoetis Inc. (ZTS), Intuit Inc. (INTU), Doximity, Inc. (DOCS)
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
Fundsmith Activity
| Date | Symbol | Type | Quantity |
|---|---|---|---|
Q2 2025Jun 30, 2025 | SYK Stryker Corporation | Sell | -392,180-7.7% |
Q2 2025Jun 30, 2025 | MSFT Microsoft Corporation | Sell | -428,653-8.0% |
Q2 2025Jun 30, 2025 | PM Philip Morris International Inc | Sell | -1,731,697-16.0% |
Q2 2025Jun 30, 2025 | BF-B Brown Forman Inc | Sell - Position Exit | -9,637,881-100.0% |
Q1 2025Mar 31, 2025 | ZTS Zoetis Inc. | Buy | +2,319,158+1020.2% |
Q1 2025Mar 31, 2025 | CPRX Catalyst Pharmaceuticals, Inc. | Buy - Position Entry | +2,151,274 |
Q1 2025Mar 31, 2025 | TXN Texas Instruments Incorporated | Buy | +1,025,182+60.3% |
Q1 2025Mar 31, 2025 | DOCS Doximity, Inc. | Buy | +479,380+67.5% |
Q1 2025Mar 31, 2025 | INTU Intuit Inc. | Buy - Position Entry | +181,628 |
Q1 2025Mar 31, 2025 | QLYS Qualys, Inc. | Buy | +170,593+31.1% |
Q1 2025Mar 31, 2025 | PAYC Paycom Software, Inc. | Buy | +90,899+28.2% |
Q1 2025Mar 31, 2025 | MTD Mettler-Toledo International, I | Sell | -617-0.1% |
Q1 2025Mar 31, 2025 | MAR Marriott International | Sell | -3,780-0.1% |
Q1 2025Mar 31, 2025 | GOOGL Alphabet Inc. | Sell | -5,065-0.1% |
Q1 2025Mar 31, 2025 | PG Procter & Gamble Company (The) | Sell | -5,970-0.1% |
Q1 2025Mar 31, 2025 | FTNT Fortinet, Inc. | Sell | -7,383-0.1% |
Q1 2025Mar 31, 2025 | CHD Church & Dwight Company, Inc. | Sell | -9,635-0.1% |
Q1 2025Mar 31, 2025 | IDXX IDEXX Laboratories, Inc. | Sell | -14,524-0.5% |
Q1 2025Mar 31, 2025 | MA Mastercard Incorporated | Sell | -14,579-22.8% |
Q1 2025Mar 31, 2025 | WAT Waters Corporation | Sell | -21,325-0.6% |
Q1 2025Mar 31, 2025 | HD Home Depot, Inc. (The) | Sell | -30,903-21.2% |
Q1 2025Mar 31, 2025 | VRSN VeriSign, Inc. | Sell | -54,465-8.7% |
Q1 2025Mar 31, 2025 | VRSK Verisk Analytics, Inc. | Sell | -87,061-20.8% |
Q1 2025Mar 31, 2025 | OTIS Otis Worldwide Corporation | Sell | -100,040-1.7% |
Q1 2025Mar 31, 2025 | EFX Equifax, Inc. | Sell | -127,823-35.2% |
Q1 2025Mar 31, 2025 | SYK Stryker Corporation | Sell | -264,790-5.0% |
Q1 2025Mar 31, 2025 | IEX IDEX Corporation | Sell - Position Exit | -362,501-100.0% |
Q1 2025Mar 31, 2025 | PM Philip Morris International Inc | Sell | -439,283-3.9% |
Q1 2025Mar 31, 2025 | V Visa Inc. | Sell | -485,543-10.5% |
Q1 2025Mar 31, 2025 | ADP Automatic Data Processing, Inc. | Sell | -499,813-10.0% |