Terry Smith’s portfolio: Fundsmith 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001569205Latest: Q2 2026
Q1 2013 filing in brief
In its Q1 2013 13F, filed May 24, 2013, Fundsmith reported $1.2B across 17 US positions. The largest: SYK (9.8%), DR PEPPER SNAPPLE GROUP INC (9.7%), DPZ (9.0%), BECTON DICKINSON AND CO (8.0%), AUTOMATIC DATA PROCESSING (7.3%).
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed May 24, 2013
17 positions at March 31, 2013. No preceding quarter on file for comparison.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | SYK | STRYKER CORP | $122M | 1.9M | 9.79% | — | — |
| 2 | — | DR PEPPER SNAPPLE GROUP INC | $121M | 2.6M | 9.74% | — | — |
| 3 | DPZ | DOMINO S PIZZA INC | $112M | 2.2M | 9.02% | — | — |
| 4 | — | BECTON DICKINSON AND CO | $100M | 1.0M | 8.01% | — | — |
| 5 | — | AUTOMATIC DATA PROCESSING | $91M | 1.4M | 7.31% | — | — |
| 6 | MSFT | MICROSOFT CORP | $90M | 3.2M | 7.25% | — | — |
| 7 | PG | PROCTER + GAMBLE CO/THE | $88M | 1.1M | 7.07% | — | — |
| 8 | MMM | 3M CO | $86M | 819.4K | 6.92% | — | — |
| 9 | JNJ | JOHNSON + JOHNSON | $77M | 942.5K | 6.14% | — | — |
| 10 | PM | PHILIP MORRIS INTERNATIONAL | $67M | 729.2K | 5.38% | — | — |
| 11 | PEP | PEPSICO INC | $66M | 844.8K | 5.31% | — | — |
| 12 | WAT | WATERS CORP | $55M | 593.2K | 4.43% | — | — |
| 13 | CL | COLGATE PALMOLIVE CO | $43M | 366.4K | 3.43% | — | — |
| 14 | CHH | CHOICE HOTELS INTL INC | $43M | 1.0M | 3.42% | — | — |
| 15 | — | SIGMA ALDRICH | $32M | 413.8K | 2.56% | — | — |
| 16 | MCD | MCDONALD S CORP | $32M | 318.5K | 2.53% | — | — |
| 17 | V | VISA INC CLASS A SHARES | $21M | 124.1K | 1.68% | — | — |
Every quarter on file (54)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.