Current position

Terry Smith’s Microsoft (MSFT) 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 2015Earliest verified positive filing snapshot
Latest statusCurrent positionBased on the latest supported relationship state
Peak shares13.00MHighest verified quarter-end share count
Quarters reported43Verified quarters with shares above zero
What happened?

Fundsmith LLP first reported Microsoft in Q1 2015. 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 1.60M shares. The latest verified filing showed: Sold 23.2% 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 23.2% of the position−483.00K shares · 1.60M shares remained
Filing context

Quarter-end price $373.02 · Estimated holding basis $135.45

Q1 2026
Sold 0.01% of the position−234 shares · 2.08M shares remained
Filing context

Quarter-end price $370.17 · Estimated holding basis $135.45

Q4 2025
Sold 19.5% of the position−503.40K shares · 2.08M shares remained
Filing context

Quarter-end price $483.62 · Estimated holding basis $135.45

Q3 2025
Sold 47.7% of the position−2.36M shares · 2.58M shares remained
Filing context

Quarter-end price $517.95 · Estimated holding basis $135.45

Q2 2025
Sold 8.0% of the position−428.65K shares · 4.94M shares remained
Filing context

Quarter-end price $497.41 · Estimated holding basis $135.45

Q1 2025
Sold 13.2% of the position−816.87K shares · 5.37M shares remained
Filing context

Quarter-end price $375.39 · Estimated holding basis $135.45

1 unchanged quarter is collapsed by default.

Portfolio importance

How important is Microsoft in Fundsmith LLP’s reported portfolio?

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

Current portfolio weight4.4%Q2 2026
Current rank#10of 41 reported positions
Peak portfolio weight13.0%Q2 2024
Best historical rank#1Q1 2015
At peak importanceQ2 2024
MSFT
13.0%
Largest holding
13.0%
Cross-investor discovery

Who else owns Microsoft?

Also reported by 8 other tracked investors in their latest verified filings.

Bill AckmanPershing Square Capital Management
MSFT11.9% of reported portfolio
Chase ColemanTiger Global Management LLC
MSFT3.5% of reported portfolio
Ray DalioBridgewater Associates, LP
MSFT1.1% of reported portfolio
Explore Microsoft 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$493.782026-09-18

Market context only; not an investor transaction price.

Latest filing quarter-end price$373.02Q2 2026

Derived from validated reported value and shares where supported.

Estimated holding basis$135.45Historical reference — not actual purchase price

Calculated from supported filing history.

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

View Microsoft 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.