Terry Smith’s portfolio: Fundsmith 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001569205Latest: Q2 2026
Q3 2015 filing in brief
In its Q3 2015 13F, filed October 20, 2015, Fundsmith reported $3.3B across 20 US positions. The largest: MSFT (10.2%), DR PEPPER SNAPPLE GROUP INC (8.6%), PEP (8.5%), SYK (8.4%), BCRUSD (8.0%). In the quarter it opened 1 position, sold out of 0, added to 13 and trimmed 3; positions opened and sold out came to 4.1% of the portfolio's value.
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 Oct 20, 2015
- 1 New
- 13 Added
- 3 Trimmed
- 0 Exited
20 positions at September 30, 2015. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | MSFT | MICROSOFT CORP | $333M | 7.5M | 10.17% | +4.7% | Added |
| 2 | — | DR PEPPER SNAPPLE GROUP INC | $281M | 3.6M | 8.57% | +1.1% | Added |
| 3 | PEP | PEPSICO INC | $280M | 3.0M | 8.53% | +15.4% | Added |
| 4 | SYK | STRYKER CORP | $275M | 2.9M | 8.38% | +5.7% | Added |
| 5 | BCRUSD | BARD C R INC | $262M | 1.4M | 8.00% | +11.0% | Added |
| 6 | JNJ | JOHNSON & JOHNSON | $252M | 2.7M | 7.68% | +16.6% | Added |
| 7 | PM | PHILIP MORRIS INTL INC | $252M | 3.2M | 7.67% | +6.4% | Added |
| 8 | MMM | 3M CO | $213M | 1.5M | 6.50% | +21.2% | Added |
| 9 | BDX | BECTON DICKINSON & CO | $210M | 1.6M | 6.40% | −4.2% | Trimmed |
| 10 | V | VISA INC | $182M | 2.6M | 5.54% | +1.9% | Added |
| 11 | ADP | AUTOMATIC DATA PROCESSING IN | $165M | 2.1M | 5.04% | +16.8% | Added |
| 12 | PG | PROCTER & GAMBLE CO | $135M | 1.9M | 4.10% | +15.5% | Added |
| 13 | PYPL | PAYPAL HLDGS INC | $133M | 4.3M | 4.04% | — | New |
| 14 | WAT | WATERS CORP | $94M | 798.1K | 2.88% | +156.8% | Added |
| 15 | CL | COLGATE PALMOLIVE CO | $79M | 1.2M | 2.42% | 0.0% | Held |
| 16 | IDXX | IDEXX LABS INC | $65M | 880.5K | 1.99% | +1217.3% | Added |
| 17 | EBAY | EBAY INC | $56M | 2.3M | 1.71% | −46.2% | Trimmed |
| 18 | DPZ | DOMINOS PIZZA INC | $5M | 45.3K | 0.15% | −96.8% | Trimmed |
| 19 | DNKN | DUNKIN BRANDS GROUP INC | $4M | 80.1K | 0.12% | 0.0% | Held |
| 20 | MAR | MARRIOT INTL INC NEW | $4M | 54.2K | 0.11% | 0.0% | Held |
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.