Terry Smith - Fundsmith
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  Automatic Data Processing, Inc. (ADP)
← All ADP superinvestors
Period Shares % of Portfolio Activity % Change to Portfolio Price Value Filing
2026   Q1 3,855,105 6.11 Reduce 7.73% 0.49 $188.16–227.43 · VW $212.48i $783,280,234 SEC
2025   Q4 4,177,969 6.28 Reduce 3.10% 0.20 $203.26–268.08 · VW $228.57i $1,074,698,966 SEC
2025   Q3 4,311,603 6.39 Reduce 1.16% 0.07 $247.18–302.68 · VW $268.39i $1,265,455,481 SEC
2025   Q2 4,362,099 5.84 Reduce 3.36% 0.21 $296.46–329.93 · VW $310.15i $1,345,271,332 SEC
2025   Q1 4,513,899 6.28 Reduce 9.97% 0.62 $272.62–327.99 · VW $308.71i $1,379,131,561 SEC
2024   Q4 5,013,712 6.26 Reduce 10.02% 0.61 $285.48–316.46 · VW $305.71i $1,467,663,914 SEC
2024   Q3 5,571,820 6.10 Reduce 0.25% 0.01 $267.79–309.63 · VW $294.78i $1,541,889,749 SEC
2024   Q2 5,585,761 5.43 Reduce 3.12% 0.18 $231.27–276.77 · VW $261.32i $1,333,265,293 SEC
2024   Q1 5,765,869 5.64 Reduce 0.87% 0.05 $238.83–254.64 · VW $246.13i $1,439,968,124 SEC
2023   Q4 5,816,321 5.67 Add 5.36% 0.29 $227.12–256.57 · VW $244.94i $1,355,028,303 SEC
2023   Q3 5,520,512 6.03 Reduce 0.11% <0.01 $205.53–256.76 · VW $230.74i $1,328,124,777 SEC
2023   Q2 5,526,368 5.10 Reduce 0.28% 0.02 $208.66–256.84 · VW $240.04i $1,214,640,423 SEC
2023   Q1 5,541,966 5.32 Add 0.02% <0.01 $201.46–226.43 · VW $212.29i $1,233,807,891 SEC
2022   Q4 5,540,720 6.04 Reduce 0.56% 0.03 $218.49–274.92 · VW $237.74i $1,323,456,379 SEC
2022   Q3 5,571,678 5.98 Add 0.11% <0.01 $218.80–264.95 · VW $249.30i $1,260,258,000 SEC
2022   Q2 5,565,378 5.16 Add 0.05% <0.01 $196.61–261.59 · VW $234.20i $1,168,952,000 SEC
2022   Q1 5,562,848 4.35 Reduce 21.59% 0.92 $201.15–240.63 · VW $221.57i $1,265,770,000 SEC
2021   Q4 7,094,390 4.27 Reduce 0.02% <0.01 $192.26–248.96 · VW $215.22i $1,749,335,000 SEC
2021   Q3 7,096,134 3.92 Reduce 0.01% <0.01 $196.10–241.18 · VW $222.72i $1,418,659,000 SEC
2021   Q2 7,096,900 3.91 Reduce 0.23% 0.01 $192.18–217.15 · VW $206.12i $1,409,586,000 SEC
2021   Q1 7,113,605 4.26 Add 0.37% 0.02 $169.93–198.35 · VW $188.10i $1,340,701,000 SEC
2020   Q4 7,087,617 4.14 Add 2.42% 0.10 $159.31–179.46 · VW $170.93i $1,248,838,000 SEC
2020   Q3 6,919,915 3.77 Add 6.77% 0.24 $127.31–177.19 · VW $159.46i $965,259,000 SEC
2020   Q2 6,481,152 4.21 Add 3.29% 0.13 $129.84–161.30 · VW $143.41i $964,979,000 SEC
2020   Q1 6,274,833 4.83 Reduce 2.93% 0.15 $103.11–164.62 · VW $138.07i $857,644,000 SEC
2019   Q4 6,464,198 5.21 Reduce 0.25% 0.01 $150.53–182.32 · VW $162.53i $1,102,146,000 SEC
2019   Q3 6,480,485 5.35 Add 5.72% 0.29 $153.72–174.50 · VW $166.33i $1,046,080,000 SEC
2019   Q2 6,129,753 5.28 Add 2.26% 0.12 $155.26–172.00 · VW $165.70i $1,013,432,000 SEC
2019   Q1 5,994,171 5.44 Add 1.12% 0.06 $148.15–165.50 · VW $157.92i $957,509,000 SEC
2018   Q4 5,927,691 5.67 Add 1.98% 0.11 $121.40–154.55 · VW $142.99i $893,066,000 SEC
2018   Q3 5,812,535 5.87 Add 0.45% 0.03 $133.13–153.51 · VW $144.69i $875,717,000 SEC
2018   Q2 5,786,490 5.78 Add 0.15% <0.01 $129.21–146.96 · VW $140.97i $776,199,000 SEC
2018   Q1 5,777,983 5.41 Add 4.61% 0.24 $109.14–132.05 · VW $123.74i $655,685,000 SEC
2017   Q4 5,523,192 5.55 Reduce 0.54% 0.03 $107.61–125.24 · VW $116.06i $647,263,000 SEC
2017   Q3 5,553,237 5.86 Add 7.28% 0.40 $105.94–118.47 · VW $112.96i $605,414,000 SEC
2017   Q2 5,176,340 5.56 Add 29.04% 1.25 $98.50–121.77 · VW $108.91i $530,368,000 SEC
2017   Q1 4,011,368 4.77 Add 3.43% 0.16 $95.50–105.68 · VW $101.18i $410,724,000 SEC
2016   Q4 3,878,243 5.28 Buy 5.28 $94.11–104.09 · VW $100.27i $401,243,000 SEC
2016   Q3 0 0.00 Sell 100.00% 5.04 $85.48–97.54 · VW $93.01i SEC
2016   Q2 3,336,791 5.04 Add 15.08% 0.66 $85.23–96.00 · VW $90.35i $306,551,000 SEC
2016   Q1 2,899,555 5.60 Add 17.67% 0.84 $84.36–91.00 · VW $87.73i $260,119,000 SEC
2015   Q4 2,464,152 5.24 Add 19.70% 0.86 $76.65–87.97 · VW $83.10i $208,763,000 SEC
2015   Q3 2,058,579 5.04 Add 16.79% 0.72 $74.66–90.67 · VW $83.86i $165,427,000 SEC
2015   Q2 1,762,562 4.45 Buy 4.45 $64.29–85.98 · VW $75.86i $141,410,000 SEC
2015   Q1 0 0.00 Sell 100.00% 4.90 $83.30–90.23 · VW $86.35i SEC
2014   Q4 1,649,776 4.90 Reduce 9.03% 0.45 $81.71–89.70 · VW $86.75i $137,542,000 SEC
2014   Q3 1,813,591 4.96 Buy 4.96 $70.50–86.26 · VW $80.80i $116,049,000 SEC
2013   Q3 0 0.00 Sell 100.00% 6.82 $61.25–73.59 · VW $68.36i SEC
2013   Q2 1,604,328 6.82 Buy 6.82 $58.96–64.82 · VW $62.09i $96,992,000 SEC
Price snapshot:
Current price$251.05
Avg. buy price$121.03
+/- since buy107.43%
52-week low$186.74
52-week high$307.44