Influential investor Terry Smith's firm, Fundsmith, significantly reduced its holding in Alphabet (GOOGL), selling approximately 1.19 million shares in the second quarter of 2026. According to a quarterly 13F disclosure, which reveals positions held as of June 30, 2026, the firm's stake was cut by 40%, lowering its portfolio weight in the tech giant from 6.63% to 4.64%. The estimated value of the shares sold is around $422.71 million.
This trade was part of a broader period of high activity for Fundsmith, which saw the firm reduce positions in numerous long-term holdings. As with all 13F filings, the disclosure is delayed, reflecting trades that occurred at some point during the second quarter. The specific reasons for the Alphabet sale were not publicly detailed, but it coincides with a period of significant portfolio repositioning for the typically low-turnover investor.