Current position

Terry Smith’s Automatic Data Processing In (ADP) 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 2014Earliest verified positive filing snapshot
Latest statusCurrent positionBased on the latest supported relationship state
Peak shares7.11MHighest verified quarter-end share count
Quarters reported44Verified quarters with shares above zero
What happened?

Fundsmith LLP first reported Automatic Data Processing In in Q3 2014. After an earlier exit, the position later appeared again in a verified filing. The reported position was increased and reduced across later filings. Fundsmith LLP currently reports 2.60M shares. The latest verified filing showed: Sold 32.5% of the position.

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.

Q2 2026
Sold 32.5% of the position−1.25M shares · 2.60M shares remained
Filing context

Quarter-end price $223.95 · Estimated holding basis $162.73

Q1 2026
Sold 7.7% of the position−322.86K shares · 3.86M shares remained
Filing context

Quarter-end price $203.18 · Estimated holding basis $162.73

Q4 2025
Sold 3.1% of the position−133.63K shares · 4.18M shares remained
Filing context

Quarter-end price $257.23 · Estimated holding basis $162.73

Q3 2025
Sold 1.2% of the position−50.50K shares · 4.31M shares remained
Filing context

Quarter-end price $293.50 · Estimated holding basis $162.73

Q2 2025
Sold 3.4% of the position−151.80K shares · 4.36M shares remained
Filing context

Quarter-end price $308.40 · Estimated holding basis $162.73

Q1 2025
Sold 10.0% of the position−499.81K shares · 4.51M shares remained
Filing context

Quarter-end price $305.53 · Estimated holding basis $162.73

Portfolio importance

How important is Automatic Data Processing In in Fundsmith LLP’s reported portfolio?

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

Current portfolio weight4.3%Q2 2026
Current rank#12of 41 reported positions
Peak portfolio weight6.4%Q3 2025
Best historical rank#4Q3 2022
At peak importanceQ3 2025
ADP
6.4%
Largest holding
8.6%
Cross-investor discovery

Who else owns Automatic Data Processing In?

Also reported by 2 other tracked investors in their latest verified filings.

Joel GreenblattGotham Asset Management
ADP0.2% of reported portfolio
Ray DalioBridgewater Associates, LP
ADP0.0% of reported portfolio
Explore Automatic Data Processing In 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$271.222026-09-18

Market context only; not an investor transaction price.

Latest filing quarter-end price$223.95Q2 2026

Derived from validated reported value and shares where supported.

Estimated holding basis$162.73Historical reference — not actual purchase price

Calculated from supported filing history.

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

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.