Terry Smith – Fundsmith Portfolio Activity & Recent Trades (Sep 30, 2025)
As of Sep 30, 2025, the Fundsmith 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 – Catalyst Pharmaceuticals, Inc., Fortinet, Inc., Home Depot, Inc. (The), Intuit Inc., Mettler-Toledo International, I, and 8 more
Reductions – Automatic Data Processing, Inc., Church & Dwight Company, Inc., Alphabet Inc., IDEXX Laboratories, Inc., Marriott International, and 5 more
Complete Exits – Choice Hotels International, In, Exponent, Inc., Mastercard Incorporated, Verisk Analytics, 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 | -50,496 |
Q3 2025 | CHD Church & Dwight Company, Inc. | Sell | -29,645 |
Q3 2025 | CHH Choice Hotels International, In | Sell - Position Exit | -733,892 |
Q3 2025 | CPRX Catalyst Pharmaceuticals, Inc. | Buy | +654,721 |
Q3 2025 | EXPO Exponent, Inc. | Sell - Position Exit | -746,820 |
Q3 2025 | FTNT Fortinet, Inc. | Buy | +1,730 |
Q3 2025 | GOOGL Alphabet Inc. | Sell | -514,102 |
Q3 2025 | HD Home Depot, Inc. (The) | Buy | +1,493 |
Q3 2025 | IDXX IDEXX Laboratories, Inc. | Sell | -28,832 |
Q3 2025 | INTU Intuit Inc. | Buy | +235,916 |
Q3 2025 | MA Mastercard Incorporated | Sell - Position Exit | -27,663 |
Q3 2025 | MAR Marriott International | Sell | -8,301 |
Q3 2025 | META Meta Platforms, Inc. | Sell | -2,010,088 |
Q3 2025 | MSFT Microsoft Corporation | Sell | -2,358,140 |
Q3 2025 | MTD Mettler-Toledo International, I | Buy | +617 |
Q3 2025 | NSSC NAPCO Security Technologies, In | Buy | +824,945 |
Q3 2025 | PAYC Paycom Software, Inc. | Buy | +109,923 |
Q3 2025 | PG Procter & Gamble Company (The) | Buy | +4,760 |
Q3 2025 | PM Philip Morris International Inc | Sell | -1,886,051 |
Q3 2025 | QLYS Qualys, Inc. | Buy | +152,257 |
Q3 2025 | SYK Stryker Corporation | Sell | -85,714 |
Q3 2025 | TXN Texas Instruments Incorporated | Buy | +1,591 |
Q3 2025 | V Visa Inc. | Buy | +265 |
Q3 2025 | VRSK Verisk Analytics, Inc. | Sell - Position Exit | -176,195 |
Q3 2025 | VRT Vertiv Holdings, LLC | Sell | -133,473 |
Q3 2025 | WAT Waters Corporation | Buy | +347,091 |
Q3 2025 | ZTS Zoetis Inc. | Buy | +730,300 |
Q2 2025 | ADP Automatic Data Processing, Inc. | Sell | -151,800 |
Q2 2025 | BF-B Brown Forman Inc | Sell - Position Exit | -9,637,881 |
Q2 2025 | CHD Church & Dwight Company, Inc. | Sell | -23,197 |