Exited position

Terry Smith’s Ipg Photonics Corp (IPGP) 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 reportedQ1 2019Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares855.20KHighest verified quarter-end share count
Quarters reported20Verified quarters with shares above zero
What happened?

Fundsmith LLP first reported Ipg Photonics Corp in Q1 2019. The reported position was increased and reduced across later filings. The latest verified relationship event shows that Fundsmith LLP sold the entire position in Q1 2024, 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.

Q1 2024
Sold the entire position−548.99K shares · No shares reported at quarter-end
Q4 2023
Sold 1.3% of the position−7.16K shares · 548.99K shares remained
Filing context

Quarter-end price $108.54 · Estimated holding basis $148.90

Q3 2023
Sold 0.7% of the position−4.04K shares · 556.16K shares remained
Filing context

Quarter-end price $101.54 · Estimated holding basis $148.90

Q2 2023
Sold 34.4% of the position−294.06K shares · 560.20K shares remained
Filing context

Quarter-end price $135.82 · Estimated holding basis $148.90

Q4 2022
Sold 0.1% of the position−944 shares · 854.26K shares remained
Filing context

Quarter-end price $94.67 · Estimated holding basis $148.90

Q3 2022
Bought 1.2% more+9.89K shares · 855.20K shares reported after the change
Filing context

Quarter-end price $84.35 · Estimated holding basis $148.90

2 unchanged quarters are collapsed by default.

Portfolio importance

How important was Ipg Photonics Corp 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 weight0.2%Q4 2023
Last reported rank#33of 40 reported positions
Peak portfolio weight0.5%Q4 2020
Best historical rank#21Q3 2020
At peak importanceQ4 2020
IPGP
0.5%
Largest holding
9.6%
Cross-investor discovery

Who else owns Ipg Photonics Corp?

Also reported by 1 other tracked investor in their latest verified filings.

Joel GreenblattGotham Asset Management
IPGP0.0% of reported portfolio
Explore Ipg Photonics Corp 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$76.552026-09-18

Market context only; not an investor transaction price.

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.