Terry Smith - Fundsmith 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		38
Portfolio Value		$21.97B

Fundsmith Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q2 2024Jun 30, 2024	SABR Sabre Corporation	Sabre Corporation	Sell	-177,233-0.8%	$57.40M	21,499,095
Q2 2024Jun 30, 2024	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-180,108-3.1%	$1.33B	5,585,761
Q2 2024Jun 30, 2024	NKE Nike, Inc.	Nike, Inc.	Sell	-212,924-3.3%	$474.79M	6,299,493
Q2 2024Jun 30, 2024	CHD Church & Dwight Company, Inc.	Church & Dwight Company, Inc.	Sell	-257,074-3.6%	$716.88M	6,914,366
Q2 2024Jun 30, 2024	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-320,029-2.8%	$481.08M	11,138,751
Q2 2024Jun 30, 2024	PM Philip Morris International Inc	Philip Morris International Inc	Sell	-347,792-2.3%	$1.47B	14,474,445
Q2 2024Jun 30, 2024	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-477,288-6.3%	$3.19B	7,140,615
Q2 2024Jun 30, 2024	MKC McCormick & Company, Incorporat	McCormick & Company, Incorporat	Sell	-2,181,066-17.8%	$712.84M	10,048,497
Q1 2024Mar 31, 2024	TXN Texas Instruments Incorporated	Texas Instruments Incorporated	Buy - Position Entry	+1,111,306	$193.60M	1,111,306
Q1 2024Mar 31, 2024	FTNT Fortinet, Inc.	Fortinet, Inc.	Buy	+843,141+11.5%	$558.43M	8,174,985
Q1 2024Mar 31, 2024	CHH Choice Hotels International, In	Choice Hotels International, In	Buy - Position Entry	+756,944	$95.64M	756,944
Q1 2024Mar 31, 2024	AAPL Apple Inc.	Apple Inc.	Buy	+262,959+19.7%	$273.95M	1,597,544
Q1 2024Mar 31, 2024	PAYC Paycom Software, Inc.	Paycom Software, Inc.	Buy	+167,427+106.1%	$64.73M	325,271
Q1 2024Mar 31, 2024	MTD Mettler-Toledo International, I	Mettler-Toledo International, I	Buy	+42,503+7.5%	$812.21M	610,096
Q1 2024Mar 31, 2024	ZTS Zoetis Inc.	Zoetis Inc.	Buy	+2,741+1.2%	$38.72M	228,805
Q1 2024Mar 31, 2024	MCD McDonald's Corporation	McDonald's Corporation	Buy	+1,122+1.2%	$26.40M	93,617
Q1 2024Mar 31, 2024	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+772+1.2%	$31.04M	64,449
Q1 2024Mar 31, 2024	HD Home Depot, Inc. (The)	Home Depot, Inc. (The)	Sell	-3,234-2.2%	$56.23M	146,584
Q1 2024Mar 31, 2024	IEX IDEX Corporation	IDEX Corporation	Sell	-10,095-2.6%	$91.24M	373,902
Q1 2024Mar 31, 2024	EFX Equifax, Inc.	Equifax, Inc.	Sell	-12,764-2.6%	$126.48M	472,805
Q1 2024Mar 31, 2024	IDXX IDEXX Laboratories, Inc.	IDEXX Laboratories, Inc.	Sell	-14,155-0.5%	$1.47B	2,714,762
Q1 2024Mar 31, 2024	CLX Clorox Company (The)	Clorox Company (The)	Sell	-15,653-2.6%	$90.05M	588,141
Q1 2024Mar 31, 2024	VRSN VeriSign, Inc.	VeriSign, Inc.	Sell	-17,390-2.6%	$122.07M	644,143
Q1 2024Mar 31, 2024	MAR Marriott International	Marriott International	Sell	-27,208-0.6%	$1.10B	4,364,298
Q1 2024Mar 31, 2024	EXPO Exponent, Inc.	Exponent, Inc.	Sell	-28,351-2.6%	$86.83M	1,050,120
Q1 2024Mar 31, 2024	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-29,157-0.6%	$2.41B	4,969,549
Q1 2024Mar 31, 2024	GGG Graco Inc.	Graco Inc.	Sell	-31,735-2.6%	$109.86M	1,175,486
Q1 2024Mar 31, 2024	SYK Stryker Corporation	Stryker Corporation	Sell	-33,560-0.6%	$1.96B	5,479,066
Q1 2024Mar 31, 2024	WAT Waters Corporation	Waters Corporation	Sell	-34,437-0.9%	$1.30B	3,766,251
Q1 2024Mar 31, 2024	MSCI MSCI Inc.	MSCI Inc.	Sell	-35,306-17.0%	$96.32M	171,859

Page 6 of 42 • 1244 total trades

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