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)

Reductions – Mettler-Toledo International, I (MTD), Waters Corporation (WAT), Texas Instruments Incorporated (TXN), Nike, Inc. (NKE), IDEXX Laboratories, Inc. (IDXX), and 20 more

Complete Exits – Equifax, Inc. (EFX), Brown Forman Inc (BF-B)

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	Name	Type	Quantity	Value	Remaining
Q3 2020Sep 30, 2020	MKC McCormick & Company, Incorporat	McCormick & Company, Incorporat	Sell	-1,483-0.0%	$1.46M	7,542,095
Q3 2020Sep 30, 2020	IDXX IDEXX Laboratories, Inc.	IDEXX Laboratories, Inc.	Sell	-7,896-0.2%	$1.66M	4,232,815
Q3 2020Sep 30, 2020	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-15,947-0.2%	$1.68M	6,427,563
Q3 2020Sep 30, 2020	V Visa Inc.	Visa Inc.	Sell	-16,129-0.3%	$1.23M	6,134,726
Q3 2020Sep 30, 2020	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-25,399-0.2%	$2.51M	11,929,459
Q3 2020Sep 30, 2020	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Sell	-29,503-0.2%	$2.44M	12,359,311
Q3 2020Sep 30, 2020	CHKP Check Point	Check Point	Sell	-206,599-38.2%	$40.28K	334,691
Q2 2020Jun 30, 2020	SBUX Starbucks Corporation	Starbucks Corporation	Buy	+5,686,925+214.6%	$613.50K	8,336,710
Q2 2020Jun 30, 2020	NKE Nike, Inc.	Nike, Inc.	Buy	+4,924,683+212.3%	$710.28K	7,244,034
Q2 2020Jun 30, 2020	PM Philip Morris International Inc	Philip Morris International Inc	Buy	+2,352,902+13.8%	$1.36M	19,375,855
Q2 2020Jun 30, 2020	SABR Sabre Corporation	Sabre Corporation	Buy	+1,234,759+15.5%	$74.03K	9,185,260
Q2 2020Jun 30, 2020	JNJ Johnson & Johnson	Johnson & Johnson	Buy	+1,025,710+19.1%	$900.80K	6,405,491
Q2 2020Jun 30, 2020	PEP Pepsico, Inc.	Pepsico, Inc.	Buy	+792,638+9.9%	$1.16M	8,787,703
Q2 2020Jun 30, 2020	QLYS Qualys, Inc.	Qualys, Inc.	Buy - Position Entry	+623,812	$64.89K	623,812
Q2 2020Jun 30, 2020	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Buy	+431,265+11.3%	$1.01M	4,242,057
Q2 2020Jun 30, 2020	MKC McCormick & Company, Incorporat	McCormick & Company, Incorporat	Buy	+419,373+5.9%	$1.35M	7,543,578
Q2 2020Jun 30, 2020	SYK Stryker Corporation	Stryker Corporation	Buy	+273,222+4.6%	$1.12M	6,204,547
Q2 2020Jun 30, 2020	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+206,319+3.3%	$964.98K	6,481,152
Q2 2020Jun 30, 2020	INTU Intuit Inc.	Intuit Inc.	Buy	+132,621+3.0%	$1.36M	4,590,217
Q2 2020Jun 30, 2020	CGNX Cognex Corporation	Cognex Corporation	Buy	+93,594+6.2%	$95.71K	1,602,593
Q2 2020Jun 30, 2020	V Visa Inc.	Visa Inc.	Buy	+52,218+0.9%	$1.19M	6,150,855
Q2 2020Jun 30, 2020	AOS A.O. Smith Corporation	A.O. Smith Corporation	Buy	+22,326+1.5%	$70.09K	1,487,541
Q2 2020Jun 30, 2020	PAYC Paycom Software, Inc.	Paycom Software, Inc.	Buy	+21,320+12.2%	$60.68K	195,926
Q2 2020Jun 30, 2020	BF-B Brown Forman Inc	Brown Forman Inc	Buy	+20,210+0.2%	$628.00K	9,864,841
Q2 2020Jun 30, 2020	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Buy	+19,912+0.3%	$1.28M	6,758,574
Q2 2020Jun 30, 2020	MAR Marriott International	Marriott International	Buy	+11,040+6.4%	$15.77K	183,887
Q2 2020Jun 30, 2020	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+9,649+0.1%	$1.46M	6,443,510
Q2 2020Jun 30, 2020	VRSK Verisk Analytics, Inc.	Verisk Analytics, Inc.	Buy	+9,117+1.5%	$103.38K	607,423
Q2 2020Jun 30, 2020	EFX Equifax, Inc.	Equifax, Inc.	Buy	+8,657+1.5%	$99.14K	576,779
Q2 2020Jun 30, 2020	IPGP IPG Photonics Corporation	IPG Photonics Corporation	Buy	+8,626+1.5%	$92.19K	574,773

Page 25 of 42 • 1259 total trades

«‹

23 24 25 26 27

›»