Terry Smith – Fundsmith Investment Services Portfolio Activity & Recent Trades (Sep 30, 2025)
As of Sep 30, 2025, the Fundsmith Investment Services portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 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 Q3 2025, the filing reported:
New Buys –
None reported
Increases – Intuit Inc., Nike, Inc., Waters Corporation, Zoetis Inc.
Reductions – Automatic Data Processing, Inc., Church & Dwight Company, Inc., Fortinet, Inc., Alphabet Inc., Home Depot, Inc. (The), and 11 more
Complete Exits – First Citizens BancShares, Inc., Mastercard Incorporated, Shopify Inc.
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 |
|---|---|---|---|
Q3 2025 | ADP Automatic Data Processing, Inc. | Sell | -62,101 |
Q3 2025 | CHD Church & Dwight Company, Inc. | Sell | -108,408 |
Q3 2025 | FCNCA First Citizens BancShares, Inc. | Sell - Position Exit | -10,369 |
Q3 2025 | FTNT Fortinet, Inc. | Sell | -230,706 |
Q3 2025 | GOOGL Alphabet Inc. | Sell | -55,352 |
Q3 2025 | HD Home Depot, Inc. (The) | Sell | -19,174 |
Q3 2025 | IDXX IDEXX Laboratories, Inc. | Sell | -156,259 |
Q3 2025 | INTU Intuit Inc. | Buy | +74,446 |
Q3 2025 | MA Mastercard Incorporated | Sell - Position Exit | -16,576 |
Q3 2025 | MAR Marriott International | Sell | -39,981 |
Q3 2025 | META Meta Platforms, Inc. | Sell | -435,745 |
Q3 2025 | MSFT Microsoft Corporation | Sell | -584,298 |
Q3 2025 | MTD Mettler-Toledo International, I | Sell | -6,768 |
Q3 2025 | NKE Nike, Inc. | Buy | +2,867 |
Q3 2025 | OTIS Otis Worldwide Corporation | Sell | -49,255 |
Q3 2025 | PG Procter & Gamble Company (The) | Sell | -58,252 |
Q3 2025 | PM Philip Morris International Inc | Sell | -556,767 |
Q3 2025 | SHOP Shopify Inc. | Sell - Position Exit | -88,177 |
Q3 2025 | SYK Stryker Corporation | Sell | -76,774 |
Q3 2025 | TXN Texas Instruments Incorporated | Sell | -16,192 |
Q3 2025 | V Visa Inc. | Sell | -62,239 |
Q3 2025 | WAT Waters Corporation | Buy | +135,504 |
Q3 2025 | ZTS Zoetis Inc. | Buy | +303,950 |
Q2 2025 | ADP Automatic Data Processing, Inc. | Sell | -44,253 |
Q2 2025 | BF-B Brown Forman Inc | Sell - Position Exit | -2,855,440 |
Q2 2025 | CHD Church & Dwight Company, Inc. | Buy | +10,365 |
Q2 2025 | FTNT Fortinet, Inc. | Sell | -34,872 |
Q2 2025 | GOOGL Alphabet Inc. | Sell | -3,822 |
Q2 2025 | HD Home Depot, Inc. (The) | Sell | -12,657 |
Q2 2025 | IDXX IDEXX Laboratories, Inc. | Sell | -9,743 |