Fundsmith, managed by renowned investor Terry Smith, reduced its position in Meta Platforms by 20.4% during the second quarter of 2026. The firm sold over 269,000 shares, decreasing its holding from 1.32 million to 1.05 million. Following the sale, Meta's weight in Fundsmith's publicly disclosed portfolio dropped from 5.89% to 4.34%.
This trade information comes from a quarterly 13F filing released on August 14, which discloses positions held as of June 30, 2026. The reduction in Meta was part of a broader series of trims in other major tech holdings like Alphabet and Microsoft during the same period. Fundsmith also initiated several new positions in the second quarter, including Uber and Mastercard.