Terry Smith – Fundsmith Investment Services Portfolio Activity & Recent Trades (Jun 30, 2025)
As of Jun 30, 2025, the Fundsmith Investment Services 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 – None reported
Increases – Zoetis Inc. (ZTS), Intuit Inc. (INTU), Texas Instruments Incorporated (TXN), Church & Dwight Company, Inc. (CHD), Waters Corporation (WAT), and 3 more
Reductions – Alphabet Inc. (GOOGL), Procter & Gamble Company (The) (PG), Mastercard Incorporated (MA), IDEXX Laboratories, Inc. (IDXX), Home Depot, Inc. (The) (HD), and 8 more
Complete Exits – 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 Investment Services Activity
| Date | Symbol | Type | Quantity |
|---|---|---|---|
Q2 2024Jun 30, 2024 | AAPL Apple Inc. | Sell | -20,146-3.3% |
Q2 2024Jun 30, 2024 | PEP Pepsico, Inc. | Sell | -29,347-1.6% |
Q2 2024Jun 30, 2024 | BF-B Brown Forman Inc | Sell | -405,351-10.1% |
Q2 2024Jun 30, 2024 | MKC McCormick & Company, Incorporat | Sell | -1,050,178-32.2% |
Q1 2024Mar 31, 2024 | FTNT Fortinet, Inc. | Buy | +389,546+24.3% |
Q1 2024Mar 31, 2024 | TXN Texas Instruments Incorporated | Buy - Position Entry | +270,145 |
Q1 2024Mar 31, 2024 | TSM Taiwan Semiconductor Manufactur | Buy - Position Entry | +149,989 |
Q1 2024Mar 31, 2024 | AAPL Apple Inc. | Buy | +124,297+25.3% |
Q1 2024Mar 31, 2024 | SYK Stryker Corporation | Buy | +19,649+1.1% |
Q1 2024Mar 31, 2024 | PG Procter & Gamble Company (The) | Buy | +8,273+0.4% |
Q1 2024Mar 31, 2024 | OTIS Otis Worldwide Corporation | Buy | +6,873+0.4% |
Q1 2024Mar 31, 2024 | GOOGL Alphabet Inc. | Buy | +6,587+0.3% |
Q1 2024Mar 31, 2024 | CHD Church & Dwight Company, Inc. | Buy | +6,358+0.2% |
Q1 2024Mar 31, 2024 | ZTS Zoetis Inc. | Buy | +5,875+7.9% |
Q1 2024Mar 31, 2024 | ADP Automatic Data Processing, Inc. | Buy | +5,409+0.3% |
Q1 2024Mar 31, 2024 | MAR Marriott International | Buy | +4,995+0.4% |
Q1 2024Mar 31, 2024 | MTD Mettler-Toledo International, I | Buy | +4,948+2.1% |
Q1 2024Mar 31, 2024 | WAT Waters Corporation | Buy | +3,121+0.3% |
Q1 2024Mar 31, 2024 | MCD McDonald's Corporation | Buy | +2,404+7.9% |
Q1 2024Mar 31, 2024 | IDXX IDEXX Laboratories, Inc. | Buy | +2,262+0.3% |
Q1 2024Mar 31, 2024 | HD Home Depot, Inc. (The) | Buy | +2,116+4.3% |
Q1 2024Mar 31, 2024 | V Visa Inc. | Buy | +1,976+0.1% |
Q1 2024Mar 31, 2024 | MA Mastercard Incorporated | Buy | +1,656+7.9% |
Q1 2024Mar 31, 2024 | JNJ Johnson & Johnson | Sell - Position Exit | -91,630-100.0% |
Q1 2024Mar 31, 2024 | PEP Pepsico, Inc. | Sell | -124,123-6.2% |
Q1 2024Mar 31, 2024 | MSFT Microsoft Corporation | Sell | -141,843-5.9% |
Q1 2024Mar 31, 2024 | MKC McCormick & Company, Incorporat | Sell | -814,482-20.0% |
Q4 2023Dec 31, 2023 | FTNT Fortinet, Inc. | Buy | +864,961+117.1% |
Q4 2023Dec 31, 2023 | ADP Automatic Data Processing, Inc. | Buy | +80,896+5.0% |
Q4 2023Dec 31, 2023 | WAT Waters Corporation | Buy | +27,589+2.5% |