Terry Smith - Fundsmith LLP
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    34
Portfolio value:    $12,827,766,987
Holdings Activity Buys Sells    History
Holding/activity history for  Microsoft Corp. (MSFT)
Period Shares % of Portfolio Activity % Change to Portfolio Reported Price Value Filing
2026   Q1 2,079,737 6.00 Reduce 0.01% <0.01 $370.17 $769,856,245 SEC
2025   Q4 2,079,971 5.88 Reduce 19.49% 1.32 $483.62 $1,005,915,575 SEC
2025   Q3 2,583,369 6.76 Reduce 47.72% 5.10 $517.95 $1,338,055,974 SEC
2025   Q2 4,941,509 10.68 Reduce 7.98% 0.73 $497.41 $2,457,955,992 SEC
2025   Q1 5,370,162 9.17 Reduce 13.20% 1.47 $375.39 $2,015,905,113 SEC
2024   Q4 6,187,033 11.12 Reduce 10.34% 1.21 $421.50 $2,607,834,410 SEC
2024   Q3 6,900,275 11.75 Reduce 3.37% 0.44 $430.30 $2,969,188,333 SEC
2024   Q2 7,140,615 13.01 Reduce 6.27% 0.79 $446.95 $3,191,497,874 SEC
2024   Q1 7,617,903 12.54 Reduce 4.10% 0.51 $420.72 $3,205,004,150 SEC
2023   Q4 7,943,324 12.50 Reduce 8.16% 1.01 $376.04 $2,987,007,557 SEC
2023   Q3 8,648,822 12.41 Reduce 4.04% 0.52 $315.75 $2,730,865,547 SEC
2023   Q2 9,012,591 12.88 Reduce 0.20% 0.02 $340.54 $3,069,147,739 SEC
2023   Q1 9,031,101 11.24 Add 0.01% <0.01 $288.30 $2,603,666,418 SEC
2022   Q4 9,030,036 9.89 Reduce 2.74% 0.28 $239.82 $2,165,583,234 SEC
2022   Q3 9,284,614 10.26 Reduce 7.34% 0.83 $232.90 $2,162,387,000 SEC
2022   Q2 10,020,534 11.36 Add 0.02% <0.01 $256.83 $2,573,574,000 SEC
2022   Q1 10,018,432 10.61 Reduce 22.95% 2.45 $308.31 $3,088,783,000 SEC
2021   Q4 13,002,366 10.67 Add 8.04% 0.79 $336.32 $4,372,956,000 SEC
2021   Q3 12,034,366 9.38 Reduce 0.01% <0.01 $281.92 $3,392,728,000 SEC
2021   Q2 12,035,021 9.03 Reduce 0.12% 0.01 $270.90 $3,260,287,000 SEC
2021   Q1 12,049,293 9.04 Reduce 0.19% 0.02 $235.77 $2,840,862,000 SEC
2020   Q4 12,072,338 8.90 Add 1.20% 0.11 $222.42 $2,685,129,000 SEC
2020   Q3 11,929,459 9.80 Reduce 0.21% 0.02 $210.33 $2,509,123,000 SEC
2020   Q2 11,954,858 10.62 Reduce 0.15% 0.02 $203.51 $2,432,933,000 SEC
2020   Q1 11,972,921 10.63 Reduce 1.79% 0.16 $157.71 $1,888,249,000 SEC
2019   Q4 12,190,529 9.08 Add 0.01% <0.01 $157.70 $1,922,446,000 SEC
2019   Q3 12,189,646 8.66 Add 0.15% 0.01 $139.03 $1,694,726,000 SEC
2019   Q2 12,171,134 8.50 Add 0.25% 0.02 $133.96 $1,630,445,000 SEC
2019   Q1 12,140,368 8.14 Add 0.94% 0.08 $117.94 $1,431,835,000 SEC
2018   Q4 12,026,986 8.73 Reduce 0.39% 0.04 $114.37 $1,375,526,000 SEC
2018   Q3 12,074,060 9.26 Buy 9.26 $114.37 $1,380,910,000 SEC
2018   Q2 0 0.00 Sell 100.00% 9.09 SEC
2018   Q1 12,075,307 9.09 Add 8.87% 0.74 $91.27 $1,102,113,000 SEC
2017   Q4 11,091,160 8.13 Add 0.13% 0.01 $85.54 $948,738,000 SEC
2017   Q3 11,076,335 7.92 Add 3.32% 0.25 $73.85 $817,987,000 SEC
2017   Q2 10,720,725 7.75 Add 5.08% 0.37 $68.93 $738,980,000 SEC
2017   Q1 10,202,117 7.81 Reduce 0.00% <0.01 $65.86 $671,911,000 SEC
2016   Q4 10,202,283 8.45 Add 2.69% 0.22 $62.89 $641,622,000 SEC
2016   Q3 9,934,933 9.47 Add 12.42% 1.05 $57.60 $572,252,000 SEC
2016   Q2 8,837,391 7.43 Add 12.43% 0.82 $51.17 $452,209,000 SEC
2016   Q1 7,860,330 9.35 Add 4.36% 0.39 $55.23 $434,126,000 SEC
2015   Q4 7,531,685 10.50 $55.48 $417,858,000 SEC
2015   Q3 7,531,685 10.17 Add 4.70% 0.46 $44.26 $333,352,000 SEC
2015   Q2 7,193,620 10.00 Add 0.11% 0.01 $44.15 $317,598,000 SEC
2015   Q1 7,185,480 10.83 Buy 10.83 $40.39 $290,236,000 SEC
2013   Q3 0 0.00 Sell 100.00% 8.56 SEC
2013   Q2 3,525,044 8.56 Add 10.77% 0.83 $34.55 $121,773,000 SEC
2013   Q1 3,182,263 8.56 Buy 8.56 $28.39 $90,329,000 SEC