Terry Smith - Fundsmith Investment Services Portfolio

Name: Investment Portfolio Data
License: https://creativecommons.org/licenses/by/4.0/

Period Date		Mar 31, 2025
Filing Date		May 15, 2025
Total Stocks		27
Portfolio Value		$7.09B

Fundsmith Investment Services Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q3 2023Sep 30, 2023	MTD Mettler-Toledo International, I	Mettler-Toledo International, I	Buy	+1,766+0.8%	$257.96M	232,805
Q3 2023Sep 30, 2023	MKC McCormick & Company, Incorporat	McCormick & Company, Incorporat	Buy	+1,619+0.0%	$308.81M	4,082,613
Q3 2023Sep 30, 2023	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Buy	+914+0.0%	$269.84M	1,850,018
Q3 2023Sep 30, 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+904+0.0%	$260.28M	1,989,027
Q3 2023Sep 30, 2023	JNJ Johnson & Johnson	Johnson & Johnson	Buy	+799+1.0%	$12.65M	81,249
Q3 2023Sep 30, 2023	OTIS Otis Worldwide Corporation	Otis Worldwide Corporation	Buy	+759+0.0%	$135.25M	1,684,108
Q3 2023Sep 30, 2023	PEP Pepsico, Inc.	Pepsico, Inc.	Buy	+680+0.0%	$357.80M	2,111,643
Q3 2023Sep 30, 2023	ZTS Zoetis Inc.	Zoetis Inc.	Buy	+649+1.0%	$11.48M	65,977
Q3 2023Sep 30, 2023	V Visa Inc.	Visa Inc.	Buy	+612+0.0%	$390.37M	1,697,177
Q3 2023Sep 30, 2023	SYK Stryker Corporation	Stryker Corporation	Buy	+604+0.0%	$479.97M	1,756,399
Q3 2023Sep 30, 2023	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+597+0.0%	$385.70M	1,603,193
Q3 2023Sep 30, 2023	HD Home Depot, Inc. (The)	Home Depot, Inc. (The)	Buy	+431+1.0%	$13.21M	43,725
Q3 2023Sep 30, 2023	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+183+1.0%	$7.36M	18,584
Q3 2023Sep 30, 2023	IDXX IDEXX Laboratories, Inc.	IDEXX Laboratories, Inc.	Sell	-29,936-2.9%	$432.72M	989,592
Q3 2023Sep 30, 2023	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-123,261-4.4%	$836.78M	2,650,144
Q3 2023Sep 30, 2023	EL Estee Lauder Companies, Inc. (T	Estee Lauder Companies, Inc. (T	Sell - Position Exit	-1,637,837-100.0%	$0.00	-
Q2 2023Jun 30, 2023	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Buy	+1,276,065+222.7%	$280.58M	1,849,104
Q2 2023Jun 30, 2023	V Visa Inc.	Visa Inc.	Buy	+220,790+15.0%	$402.90M	1,696,565
Q2 2023Jun 30, 2023	WAT Waters Corporation	Waters Corporation	Buy	+116,798+12.8%	$273.52M	1,026,205
Q2 2023Jun 30, 2023	SYK Stryker Corporation	Stryker Corporation	Buy	+109,445+6.6%	$535.68M	1,755,795
Q2 2023Jun 30, 2023	FTNT Fortinet, Inc.	Fortinet, Inc.	Buy - Position Entry	+86,860	$6.57M	86,860
Q2 2023Jun 30, 2023	OTIS Otis Worldwide Corporation	Otis Worldwide Corporation	Buy	+55,216+3.4%	$149.83M	1,683,349
Q2 2023Jun 30, 2023	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+32,979+2.1%	$352.23M	1,602,596
Q2 2023Jun 30, 2023	AAPL Apple Inc.	Apple Inc.	Buy	+28,170+6.1%	$95.28M	491,211
Q2 2023Jun 30, 2023	MAR Marriott International	Marriott International	Buy	+27,515+98.2%	$10.20M	55,536
Q2 2023Jun 30, 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+21,689+1.5%	$432.11M	1,505,728
Q2 2023Jun 30, 2023	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+17,618+0.6%	$944.46M	2,773,405
Q2 2023Jun 30, 2023	IDXX IDEXX Laboratories, Inc.	IDEXX Laboratories, Inc.	Buy	+15,108+1.5%	$512.04M	1,019,528
Q2 2023Jun 30, 2023	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+6,653+56.6%	$7.24M	18,401
Q2 2023Jun 30, 2023	FCNCA First Citizens BancShares, Inc.	First Citizens BancShares, Inc.	Buy - Position Entry	+5,015	$6.44M	5,015

Page 7 of 14 • 404 total trades

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