Exited position

Terry Smith’s 3M (MMM) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Fundsmith LLPVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ3 2013Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares3.54MHighest verified quarter-end share count
Quarters reported22Verified quarters with shares above zero
What happened?

Fundsmith LLP first reported 3M in Q3 2013. The reported position was increased and reduced across later filings. The latest verified relationship event shows that Fundsmith LLP sold the entire position in Q3 2019, and the stock is no longer reported in the latest verified portfolio.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q3 2019
Sold the entire position−3.53M shares · No shares reported at quarter-end
Q2 2019
Sold 0.2% of the position−7.08K shares · 3.53M shares remained
Filing context

Quarter-end price $173.34 · Estimated holding basis $207.78

Q3 2018
Bought 2.6% more+88.57K shares · 3.49M shares reported after the change
Filing context

Quarter-end price $210.71 · Estimated holding basis $197.08

Q4 2017
Bought 2.8% more+73.70K shares · 2.69M shares reported after the change
Filing context

Quarter-end price $235.37 · Estimated holding basis $161.84

Q3 2017
Bought 21.4% more+461.86K shares · 2.62M shares reported after the change
Filing context

Quarter-end price $209.54 · Estimated holding basis $159.77

Q2 2017
Bought 10.2% more+199.72K shares · 2.15M shares reported after the change
Filing context

Quarter-end price $208.19 · Estimated holding basis $149.09

4 unchanged quarters are collapsed by default.

Portfolio importance

How important was 3M in Fundsmith LLP’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Last reported portfolio weight3.2%Q2 2019
Last reported rank#16of 31 reported positions
Peak portfolio weight7.3%Q4 2013
Best historical rank#6Q4 2013
At peak importanceQ4 2013
MMM
7.3%
Largest holding
9.9%
Cross-investor discovery

Who else owns 3M?

Also reported by 3 other tracked investors in their latest verified filings.

Joel GreenblattGotham Asset Management
MMM0.0% of reported portfolio
Ray DalioBridgewater Associates, LP
MMM0.0% of reported portfolio
Cathie WoodARK Investment Management
MMM0.0% of reported portfolio
Explore 3M across all tracked investors →
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$164.672026-09-15

Market context only; not an investor transaction price.

Latest verified investor filingQ2 2026 · filed 2026-08-14
Open SEC filing ↗

View 3M stock page →

This tracker follows Fundsmith LLP’s reported positions. Form 13F reports quarter-end positions and is filed later; it does not disclose exact trade dates or execution prices.