PHILIP MORRIS INTL INC PM
COM · Common Stock · CUSIP 718172109 · ISIN US7181721090
American global cigarette and tobacco company
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($334.4m this quarter). Holder counts are more reliable. Shares outstanding: 1.6bn as of 2023-01-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $101.20. Options: 46 managers hold calls ($770.3m notional), 47 hold puts ($598.5m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,947 |
| Q4 2022 | 2,048 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $593.3m | $415.8m | 0.70 |
| Q4 2022 | $770.3m | $598.5m | 0.78 |
Biggest buyers
| Capital International Investors | Added | +17.9m |
| Capital World Investors | Added | +14.8m |
| GQG Partners LLC | Added | +6.8m |
| VANGUARD GROUP INC | Added | +1.7m |
| JPMORGAN CHASE & CO | Added | +1.3m |
| BlackRock Inc. | Added | +1.2m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Added | +1.1m |
| HSBC HOLDINGS PLC | Added | +1.0m |
| NEUBERGER BERMAN GROUP LLC | Added | +931.7k |
| BANK OF NOVA SCOTIA | Added | +906.0k |
Biggest sellers
| CIBC WORLD MARKETS CORP | Reduced | -13.3m |
| Capital Research Global Investors | Reduced | -8.1m |
| FIL Ltd | Reduced | -3.0m |
| JANE STREET GROUP, LLC | Reduced | -2.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.6m |
| ROYAL BANK OF CANADA | Reduced | -1.6m |
| FRANKLIN RESOURCES INC | Reduced | -1.3m |
| Aberdeen Group plc | Reduced | -1.2m |
| BANK OF MONTREAL /CAN/ | Reduced | -1.1m |
| FMR LLC | Reduced | -1.1m |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Added | $136.5m1.3m shares |
| CITADEL ADVISORS LLC | Added | $106.4m1.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $103.1m1.0m shares |
| ROYAL BANK OF CANADA | New | $69.8m690.0k shares |
| JANE STREET GROUP, LLC | Added | $66.5m657.5k shares |
| Twin Tree Management, LP | Added | $48.5m479.2k shares |
| SIMPLEX TRADING, LLC | Added | $28.9m285.9k shares |
| Qube Research & Technologies Ltd | New | $24.3m240.0k shares |
| D. E. Shaw & Co., Inc. | New | $19.9m196.3k shares |
| BANK OF AMERICA CORP /DE/ | Added | $18.3m181.2k shares |
Biggest puts
| WELLS FARGO & COMPANY/MN | Added | $96.9m957.7k shares |
| CITADEL ADVISORS LLC | Reduced | $83.9m828.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $79.6m786.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $44.2m436.5k shares |
| Qube Research & Technologies Ltd | New | $24.3m240.0k shares |
| CITIGROUP INC | Reduced | $22.7m224.7k shares |
| JANE STREET GROUP, LLC | Reduced | $20.6m203.4k shares |
| BARCLAYS PLC | First filing | $20.3m201.0k shares |
| UBS Group AG | Added | $19.4m191.7k shares |
| HSBC HOLDINGS PLC | Added | $19.0m188.8k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Capital World Investors 13G · institution filed 2025-05-13 | 8.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| Capital Research Global Investors 13G · institution new · filed 2026-05-14 | 5.1% |
Fell to 5% or below in the last year: Capital International Investors (4.8%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 4 | $17.3m | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.37% of their portfolio | 134.1m $13.6bn | Added +1.7m |
| BlackRock Inc. 0.32% of their portfolio | 102.2m $10.3bn | Added +1.2m |
| Capital International Investors 2.73% of their portfolio | 100.6m $10.2bn | Added +17.9m |
| Capital World Investors 2.15% of their portfolio | 99.7m $10.1bn | Added +14.8m |
| STATE STREET CORP 0.35% of their portfolio | 57.8m $5.9bn | Added +44.4k |
| Capital Research Global Investors 1.68% of their portfolio | 55.0m $5.6bn | Reduced -8.1m |
| MORGAN STANLEY 0.50% of their portfolio | 43.5m $4.4bn | Added +411.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.55% of their portfolio | 33.9m $3.4bn | Reduced -1.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.43% of their portfolio | 30.3m $3.1bn | Added +450.0k |
| JPMORGAN CHASE & CO 0.39% of their portfolio | 27.4m $2.8bn | Added +1.3m |
| GQG Partners LLC 6.64% of their portfolio | 24.3m $2.5bn | Added +6.8m |
| WELLINGTON MANAGEMENT GROUP LLP 0.41% of their portfolio | 20.3m $2.1bn | Reduced -597.8k |
| Fundsmith LLP 7.62% of their portfolio | 16.5m $1.7bn | Reduced -13.0k |
| BANK OF AMERICA CORP /DE/ 0.20% of their portfolio | 15.6m $1.6bn | Added +551.9k |
| Bank of New York Mellon Corp 0.35% of their portfolio | 15.1m $1.5bn | Reduced -920.0k |
| FMR LLC 0.15% of their portfolio | 14.9m $1.5bn | Reduced -1.1m |
| NORTHERN TRUST CORP 0.30% of their portfolio | 14.3m $1.4bn | Added +6.5k |
| AMERIPRISE FINANCIAL INC 0.47% of their portfolio | 13.7m $1.4bn | Reduced -250.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.42% of their portfolio | 13.2m $1.3bn | Added +173.5k |
| Fayez Sarofim & Co 4.77% of their portfolio | 12.8m $1.3bn | Reduced -765.2k |
| Invesco Ltd. 0.37% of their portfolio | 12.3m $1.2bn | Reduced -215.7k |
| Ninety One UK Ltd 3.07% of their portfolio | 9.5m $956.5m | Reduced -307.7k |
| First Eagle Investment Management, LLC 2.54% of their portfolio | 9.1m $921.9m | Reduced -642.7k |
| Nuveen Asset Management, LLC 0.34% of their portfolio | 8.6m $869.7m | Added +267.0k |
| Legal & General Group Plc 0.33% of their portfolio | 8.4m $849.4m | Reduced -650.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 2.04% of their portfolio | 7.4m $748.7m | Added +496.0k |
| ROYAL BANK OF CANADA 0.22% of their portfolio | 7.2m $727.5m | Reduced -1.6m |
| FEDERATED HERMES, INC. 1.92% of their portfolio | 6.9m $694.6m | Added +526.2k |
| GARDNER RUSSO & QUINN LLC 7.21% of their portfolio | 6.5m $653.6m | Reduced -394.1k |
| Swiss National Bank 0.46% of their portfolio | 6.3m $637.7m | Reduced -417.6k |
| Independent Franchise Partners LLP 6.20% of their portfolio | 6.3m $632.7m | Reduced -80.5k |
| GOLDMAN SACHS GROUP INC 0.13% of their portfolio | 4.6m $466.6m | Reduced -461.9k |
| FUNDSMITH INVESTMENT SERVICES LTD. 7.42% of their portfolio | 4.4m $446.0m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.20% of their portfolio | 4.4m $443.8m | Reduced -8.4k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.63% of their portfolio | 4.3m $433.9m | Added +1.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.14% of their portfolio | 4.1m $412.9m | Reduced -198.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.33% of their portfolio | 4.1m $411.7m | Reduced -177.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.20% of their portfolio | 3.8m $383.4m | Reduced -116.6k |
| FRANKLIN RESOURCES INC 0.20% of their portfolio | 3.7m $379.2m | Reduced -1.3m |
| UBS Group AG 0.18% of their portfolio | 3.7m $375.3m | Added +866.4k |
| WELLS FARGO & COMPANY/MN 0.12% of their portfolio | 3.7m $369.6m | Added +71.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.19% of their portfolio | 3.6m $364.2m | Added +195.5k |
| ARIEL INVESTMENTS, LLC 3.66% of their portfolio | 3.6m $360.9m | Reduced -14.2k |
| PNC Financial Services Group, Inc. 0.29% of their portfolio | 3.0m $300.6m | Added +36.5k |
| FIRST TRUST ADVISORS LP 0.35% of their portfolio | 2.9m $295.5m | Added +746.5k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 2.8m $288.0m | Added +26.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.39% of their portfolio | 2.8m $285.9m | Added +37.7k |
| DEUTSCHE BANK AG\ 0.16% of their portfolio | 2.8m $279.8m | Reduced -43.9k |
| RHUMBLINE ADVISERS 0.37% of their portfolio | 2.7m $277.5m | Added +111.0k |
| NEUBERGER BERMAN GROUP LLC 0.27% of their portfolio | 2.7m $275.8m | Added +931.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.17% of their portfolio | 2.7m $274.4m | Reduced -112.4k |
| MACKENZIE FINANCIAL CORP 0.45% of their portfolio | 2.7m $268.4m | Reduced -66.7k |
| Thrivent Financial for Lutherans 0.66% of their portfolio | 2.5m $256.6m | Added +860.0k |
| BARCLAYS PLC 0.22% of their portfolio | 2.5m $254.7m | First filing |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.35% of their portfolio | 2.5m $251.7m | Added +662.5k |
| RAYMOND JAMES & ASSOCIATES 0.21% of their portfolio | 2.3m $231.0m | Added +143.9k |
| National Pension Service 0.45% of their portfolio | 2.3m $228.2m | Added +52.2k |
| HSBC HOLDINGS PLC 0.28% of their portfolio | 2.2m $225.6m | Added +1.0m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.40% of their portfolio | 2.2m $225.0m | Reduced -172.8k |
| LONDON CO OF VIRGINIA 1.29% of their portfolio | 2.2m $218.3m | Added +12.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.24% of their portfolio | 2.1m $210.5m | Added +32.1k |
| TORONTO DOMINION BANK 0.31% of their portfolio | 2.0m $207.1m | Added +839.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.23% of their portfolio | 2.0m $202.3m | Added +100.6k |
| DekaBank Deutsche Girozentrale 0.53% of their portfolio | 2.0m $199.2m | Added +174.0k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 1.52% of their portfolio | 1.9m $196.2m | Reduced -45.4k |
| PRUDENTIAL FINANCIAL INC 0.33% of their portfolio | 1.9m $194.3m | Reduced -553.3k |
| TRUIST FINANCIAL CORP 0.34% of their portfolio | 1.9m $192.2m | Added +22.3k |
| FIRST MANHATTAN CO. LLC. 0.69% of their portfolio | 1.9m $187.9m | Reduced -11.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.46% of their portfolio | 1.8m $186.5m | Reduced -20.1k |
| BROWN BROTHERS HARRIMAN & CO 1.63% of their portfolio | 1.8m $186.1m | Reduced -2.6k |
| Cullen Capital Management, LLC 2.36% of their portfolio | 1.8m $184.1m | Reduced -737.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.44% of their portfolio | 1.8m $179.4m | Reduced -20.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.13% of their portfolio | 1.8m $177.8m | Reduced -53.1k |
| BESSEMER GROUP INC 0.42% of their portfolio | 1.7m $172.3m | Added +519.2k |
| Pendal Group Ltd 1.43% of their portfolio | 1.6m $166.0m | Reduced -116.1k |
| STIFEL FINANCIAL CORP 0.24% of their portfolio | 1.6m $160.6m | Added +17.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.38% of their portfolio | 1.6m $159.6m | Reduced -2.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.20% of their portfolio | 1.5m $148.7m | Reduced -724.3k |
| Coho Partners, Ltd. 2.50% of their portfolio | 1.5m $147.7m | Added +13.5k |
| Epoch Investment Partners, Inc. 0.87% of their portfolio | 1.4m $145.7m | Added +62.9k |
| CREDIT SUISSE AG/ 0.15% of their portfolio | 1.4m $142.8m | Reduced -175.3k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 1.4m $143.4m | Reduced -1.1m |
| LPL Financial LLC 0.11% of their portfolio | 1.3m $134.0m | Added +149.9k |
| CITIGROUP INC 0.19% of their portfolio | 1.3m $133.2m | Reduced -228.5k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.64% of their portfolio | 1.3m $132.4m | Added +824.4k |
| Aberdeen Group plc 0.36% of their portfolio | 1.3m $131.8m | Reduced -1.2m |
| MACQUARIE GROUP LTD 0.16% of their portfolio | 1.3m $131.3m | Reduced -15.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.23% of their portfolio | 1.3m $128.4m | Added +421.8k |
| Capital Group Private Client Services, Inc. 1.61% of their portfolio | 1.3m $127.2m | Reduced -6.4k |
| ACADIAN ASSET MANAGEMENT LLC 0.60% of their portfolio | 1.2m $121.8m | Reduced -286.0k |
| DAVENPORT & Co LLC 0.99% of their portfolio | 1.2m $120.5m | Added +73.3k |
| HighTower Advisors, LLC 0.27% of their portfolio | 1.2m $117.1m | Added +66.2k |
| CINCINNATI FINANCIAL CORP 2.81% of their portfolio | 1.1m $111.5m | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.47% of their portfolio | 1.1m $108.9m | Added +8.1k |
| NorthCoast Asset Management LLC 2.13% of their portfolio | 1.1m $107.2m | Reduced -12.8k |
| STRS OHIO 0.48% of their portfolio | 1.1m $106.3m | Reduced -20.8k |
| Artisan Partners Limited Partnership 0.18% of their portfolio | 1.0m $102.8m | Reduced -183.9k |
| CRAWFORD INVESTMENT COUNSEL INC 2.21% of their portfolio | 1.0m $102.7m | Added +111.6k |
| Retirement Systems of Alabama 0.44% of their portfolio | 1.0m $102.1m | Reduced -18.3k |
| Brandywine Global Investment Management, LLC 0.79% of their portfolio | 995.2k $100.7m | Reduced -72.5k |