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 ($543.3m this quarter). Holder counts are more reliable. Shares outstanding: 1.6bn as of 2024-07-19, 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 ≈ $101.38. Options: 49 managers hold calls ($734.0m notional), 43 hold puts ($495.3m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,947 |
| Q4 2022 | 2,048 |
| Q1 2023 | 2,048 |
| Q2 2023 | 2,038 |
| Q3 2023 | 2,034 |
| Q4 2023 | 2,156 |
| Q1 2024 | 2,155 |
| Q2 2024 | 2,221 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 945 | 776 |
| Q1 2023 | 1,002 | 766 |
| Q2 2023 | 918 | 869 |
| Q3 2023 | 877 | 895 |
| Q4 2023 | 816 | 955 |
| Q1 2024 | 933 | 1,004 |
| Q2 2024 | 1,004 | 959 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $642.8m | $961.0m | 1.49 |
| Q4 2023 | $541.0m | $544.4m | 1.01 |
| Q1 2024 | $521.4m | $407.8m | 0.78 |
| Q2 2024 | $734.0m | $495.3m | 0.67 |
Biggest buyers
| GQG Partners LLC | Added | +30.3m |
| Capital World Investors | Added | +4.3m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +2.6m |
| GOLDMAN SACHS GROUP INC | Added | +2.6m |
| FMR LLC | Added | +2.4m |
| Bank of New York Mellon Corp | Added | +1.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.4m |
| FRANKLIN RESOURCES INC | Added | +1.2m |
| RAYMOND JAMES & ASSOCIATES | Added | +1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.1m |
Biggest sellers
| MORGAN STANLEY | Reduced | -62.5m |
| Capital International Investors | Reduced | -6.2m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -4.1m |
| CITADEL ADVISORS LLC | Reduced | -3.6m |
| STATE STREET CORP | Reduced | -3.5m |
| Mitsubishi UFJ Asset Management Co., Ltd. | Reduced | -3.4m |
| Qube Research & Technologies Ltd | Reduced | -2.4m |
| VIKING GLOBAL INVESTORS LP | Reduced | -2.1m |
| D1 Capital Partners L.P. | Reduced | -1.2m |
| Point72 Asset Management, L.P. | Sold out | -888.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $160.4m1.6m shares |
| Duquesne Family Office LLC | New | $97.6m963.0k shares |
| CITADEL ADVISORS LLC | Added | $96.3m950.6k shares |
| BARCLAYS PLC | Added | $57.1m563.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $43.7m431.4k shares |
| SIMPLEX TRADING, LLC | Added | $42.9m423.8k shares |
| JANE STREET GROUP, LLC | Reduced | $39.7m391.9k shares |
| GOLDMAN SACHS GROUP INC | Added | $39.3m387.6k shares |
| IMC-Chicago, LLC | Added | $22.7m223.9k shares |
| Eisler Capital (UK) Ltd. | Added | $17.5m173.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $93.0m918.1k shares |
| CITADEL ADVISORS LLC | Added | $80.0m789.2k shares |
| Eisler Capital (UK) Ltd. | Added | $57.5m567.1k shares |
| CITIGROUP INC | Added | $43.2m426.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $24.8m244.7k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $21.8m215.1k shares |
| IMC-Chicago, LLC | Added | $18.9m186.7k shares |
| GTS SECURITIES LLC | Added | $13.2m130.2k shares |
| WOLVERINE TRADING, LLC | Added | $12.6m124.3k shares |
| Qube Research & Technologies Ltd | Added | $10.8m106.1k 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 Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 4 | $16.3m | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $942.5k | — |
| Q1 2024 | 0 | — | 7 | $14.2m | — |
| Q2 2024 | 0 | — | 1 | $1.9m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-04-25 | De Wilde Frederic Pr SSEA CIS & MEA Region | Sold | $1.9m20.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.27% of their portfolio | 137.2m $13.9bn | Added +644.0k |
| Capital World Investors 1.91% of their portfolio | 115.6m $11.7bn | Added +4.3m |
| BlackRock Inc. 0.23% of their portfolio | 99.0m $10.0bn | Added +989.5k |
| Capital International Investors 2.01% of their portfolio | 96.4m $9.8bn | Reduced -6.2m |
| Capital Research Global Investors 1.33% of their portfolio | 59.9m $6.1bn | Reduced -333.2k |
| JPMORGAN CHASE & CO 0.24% of their portfolio | 54.6m $5.5bn | Added +426.7k |
| STATE STREET CORP 0.24% of their portfolio | 54.5m $5.6bn | Reduced -3.5m |
| GQG Partners LLC 5.57% of their portfolio | 36.2m $3.7bn | Added +30.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.28% of their portfolio | 31.5m $3.2bn | Added +674.0k |
| MORGAN STANLEY 0.20% of their portfolio | 25.6m $2.6bn | Reduced -62.5m |
| Invesco Ltd. 0.44% of their portfolio | 20.7m $2.1bn | Reduced -268.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.36% of their portfolio | 19.9m $2.0bn | Reduced -4.1m |
| BANK OF AMERICA CORP /DE/ 0.16% of their portfolio | 16.6m $1.7bn | Added +145.4k |
| FMR LLC 0.11% of their portfolio | 16.4m $1.7bn | Added +2.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.20% of their portfolio | 16.3m $1.6bn | Reduced -432.7k |
| Fundsmith LLP 5.98% of their portfolio | 14.5m $1.5bn | Reduced -347.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.27% of their portfolio | 13.9m $1.4bn | Added +136.5k |
| Bank of New York Mellon Corp 0.25% of their portfolio | 13.2m $1.3bn | Added +1.9m |
| NORTHERN TRUST CORP 0.22% of their portfolio | 12.7m $1.3bn | Added +250.7k |
| FRANKLIN RESOURCES INC 0.39% of their portfolio | 12.6m $1.3bn | Added +1.2m |
| Nuveen Asset Management, LLC 0.35% of their portfolio | 11.6m $1.2bn | Reduced -462.8k |
| VIKING GLOBAL INVESTORS LP 4.25% of their portfolio | 10.9m $1.1bn | Reduced -2.1m |
| First Eagle Investment Management, LLC 2.44% of their portfolio | 10.7m $1.1bn | Added +737.0k |
| Fayez Sarofim & Co 2.72% of their portfolio | 9.9m $1.0bn | Added +138.6k |
| Ninety One UK Ltd 2.65% of their portfolio | 9.5m $959.4m | Added +86.7k |
| Legal & General Group Plc 0.21% of their portfolio | 7.5m $757.3m | Reduced -113.5k |
| GOLDMAN SACHS GROUP INC 0.13% of their portfolio | 6.7m $680.7m | Added +2.6m |
| Independent Franchise Partners LLP 6.25% of their portfolio | 6.7m $679.1m | Reduced -380.4k |
| LONE PINE CAPITAL LLC 5.48% of their portfolio | 6.7m $676.0m | Unchanged |
| FEDERATED HERMES, INC. 1.60% of their portfolio | 6.7m $674.7m | Reduced -370.4k |
| ROYAL BANK OF CANADA 0.15% of their portfolio | 6.1m $620.7m | Added +146.3k |
| D1 Capital Partners L.P. 10.40% of their portfolio | 6.1m $616.6m | Reduced -1.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.18% of their portfolio | 5.9m $595.6m | Added +2.6m |
| Boston Partners 0.73% of their portfolio | 5.8m $591.5m | Reduced -25.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.71% of their portfolio | 5.8m $585.2m | Reduced -3.4m |
| ENVESTNET ASSET MANAGEMENT INC 0.20% of their portfolio | 5.8m $583.2m | Added +231.7k |
| AMERIPRISE FINANCIAL INC 0.15% of their portfolio | 5.7m $568.3m | Reduced -818.6k |
| GARDNER RUSSO & QUINN LLC 5.85% of their portfolio | 5.5m $553.9m | Reduced -84.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.15% of their portfolio | 5.2m $525.1m | Added +1.1m |
| BARCLAYS PLC 0.23% of their portfolio | 4.9m $496.7m | Reduced -235.8k |
| LORD, ABBETT & CO. LLC 0.79% of their portfolio | 4.7m $481.0m | Added +99.0k |
| FUNDSMITH INVESTMENT SERVICES LTD. 6.05% of their portfolio | 4.6m $468.6m | Added +219.8k |
| Swiss National Bank 0.32% of their portfolio | 4.6m $465.8m | Reduced -52.6k |
| ALLIANCEBERNSTEIN L.P. 0.16% of their portfolio | 4.5m $455.3m | Added +418.2k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.42% of their portfolio | 4.1m $414.6m | Reduced -249.3k |
| WELLS FARGO & COMPANY/MN 0.11% of their portfolio | 4.1m $412.2m | Added +118.8k |
| UBS Group AG 0.12% of their portfolio | 4.0m $402.6m | Added +619.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.37% of their portfolio | 3.7m $373.0m | Added +630.0k |
| RAYMOND JAMES & ASSOCIATES 0.22% of their portfolio | 3.3m $334.0m | Added +1.1m |
| HSBC HOLDINGS PLC 0.21% of their portfolio | 3.2m $327.3m | Added +350.9k |
| LONDON CO OF VIRGINIA 1.80% of their portfolio | 3.2m $319.8m | Reduced -149.2k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 3.1m $316.8m | Added +274.9k |
| DEUTSCHE BANK AG\ 0.14% of their portfolio | 3.0m $304.5m | Reduced -30.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.22% of their portfolio | 2.9m $296.0m | Reduced -366.8k |
| MACKENZIE FINANCIAL CORP 0.43% of their portfolio | 2.9m $292.4m | Added +175.3k |
| FIRST TRUST ADVISORS LP 0.30% of their portfolio | 2.9m $291.0m | Added +140.0k |
| PNC Financial Services Group, Inc. 0.18% of their portfolio | 2.7m $277.8m | Reduced -15.1k |
| RHUMBLINE ADVISERS 0.25% of their portfolio | 2.7m $270.7m | Reduced -144.5k |
| National Pension Service 0.31% of their portfolio | 2.6m $265.9m | Added +83.5k |
| DekaBank Deutsche Girozentrale 0.46% of their portfolio | 2.5m $254.2m | Added +131.5k |
| Cullen Capital Management, LLC 2.75% of their portfolio | 2.4m $238.9m | Reduced -108.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.25% of their portfolio | 2.2m $227.2m | Reduced -124.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.30% of their portfolio | 2.2m $226.9m | Reduced -21.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.21% of their portfolio | 2.2m $226.8m | Reduced -4.5k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 2.2m $222.5m | Added +319.2k |
| TWO SIGMA INVESTMENTS, LP 0.52% of their portfolio | 2.2m $219.1m | Reduced -349.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.22% of their portfolio | 2.1m $214.5m | Reduced -25.7k |
| VAN ECK ASSOCIATES CORP 0.30% of their portfolio | 2.1m $213.5m | Reduced -15.6k |
| Perpetual Ltd 2.28% of their portfolio | 2.1m $209.9m | Reduced -437.7k |
| LPL Financial LLC 0.10% of their portfolio | 2.0m $205.5m | Added +128.0k |
| MAVERICK CAPITAL LTD 3.86% of their portfolio | 2.0m $203.6m | Added +124.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.20% of their portfolio | 2.0m $198.3m | Reduced -123.0k |
| NEUBERGER BERMAN GROUP LLC 0.16% of their portfolio | 2.0m $198.1m | Added +267.0k |
| TRUIST FINANCIAL CORP 0.30% of their portfolio | 1.9m $194.8m | Reduced -18.7k |
| STIFEL FINANCIAL CORP 0.22% of their portfolio | 1.9m $192.9m | Added +90.1k |
| FIRST MANHATTAN CO. LLC. 0.61% of their portfolio | 1.8m $189.2m | Reduced -46.4k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 1.20% of their portfolio | 1.8m $183.7m | Reduced -74.8k |
| BESSEMER GROUP INC 0.31% of their portfolio | 1.7m $173.9m | Reduced -66.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.10% of their portfolio | 1.7m $171.2m | Reduced -28.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.14% of their portfolio | 1.6m $162.0m | Added +1.4m |
| Thrivent Financial for Lutherans 0.33% of their portfolio | 1.6m $161.4m | Reduced -6.4k |
| TOMS Capital Investment Management LP 11.97% of their portfolio | 1.6m $161.0m | Added +24.0k |
| NorthCoast Asset Management LLC 1.33% of their portfolio | 1.5m $155.5m | Added +33.7k |
| MANNING & NAPIER ADVISORS LLC 1.75% of their portfolio | 1.5m $155.4m | First filing |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.30% of their portfolio | 1.5m $152.2m | Reduced -245.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.28% of their portfolio | 1.5m $151.1m | Reduced -32.7k |
| COOKE & BIELER LP 1.43% of their portfolio | 1.5m $149.0m | Added +69.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.31% of their portfolio | 1.4m $146.5m | Reduced -71.1k |
| TWO SIGMA ADVISERS, LP 0.30% of their portfolio | 1.3m $135.6m | Added +139.4k |
| DAVENPORT & Co LLC 0.85% of their portfolio | 1.3m $134.1m | Reduced -45.7k |
| Banque Cantonale Vaudoise 5.20% of their portfolio | 1.3m $130.7m | Reduced -51.4k |
| Canoe Financial LP 2.18% of their portfolio | 1.3m $117.4m | Unchanged |
| CITIGROUP INC 0.12% of their portfolio | 1.3m $128.6m | Reduced -221.6k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.32% of their portfolio | 1.2m $124.2m | Reduced -81.4k |
| JANE STREET GROUP, LLC 0.13% of their portfolio | 1.2m $123.5m | Added +875.1k |
| MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio | 1.2m $120.7m | Added +475.7k |
| PRUDENTIAL FINANCIAL INC 0.18% of their portfolio | 1.2m $120.3m | Reduced -6.6k |
| Artisan Partners Limited Partnership 0.18% of their portfolio | 1.2m $119.8m | Added +112.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.36% of their portfolio | 1.2m $117.0m | Added +463.2k |
| NOMURA ASSET MANAGEMENT CO LTD 0.40% of their portfolio | 1.1m $116.2m | Reduced -47.0k |