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 ($674.5m this quarter). Holder counts are more reliable. Shares outstanding: 1.6bn as of 2026-04-17, 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 ≈ $165.25. Options: 44 managers hold calls ($1.1bn notional), 41 hold puts ($920.9m).
Trends to Q1 2026
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 |
| Q3 2024 | 2,351 |
| Q4 2024 | 2,520 |
| Q1 2025 | 2,713 |
| Q2 2025 | 2,848 |
| Q3 2025 | 2,737 |
| Q4 2025 | 2,811 |
| Q1 2026 | 2,867 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 1,004 | 959 |
| Q3 2024 | 1,076 | 981 |
| Q4 2024 | 1,123 | 937 |
| Q1 2025 | 1,329 | 1,086 |
| Q2 2025 | 1,374 | 1,143 |
| Q3 2025 | 1,232 | 1,256 |
| Q4 2025 | 1,226 | 1,171 |
| Q1 2026 | 1,359 | 1,164 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $2.0bn | $1.5bn | 0.71 |
| Q3 2025 | $1.4bn | $1.3bn | 0.90 |
| Q4 2025 | $1.0bn | $1.1bn | 1.03 |
| Q1 2026 | $1.1bn | $920.9m | 0.87 |
Biggest buyers
| Capital Research Global Investors | Added | +25.3m |
| JPMORGAN CHASE & CO | Added | +9.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +5.2m |
| FMR LLC | Added | +3.4m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +2.6m |
| FRANKLIN RESOURCES INC | Added | +2.2m |
| BANK OF AMERICA CORP /DE/ | Added | +1.8m |
| AMERIPRISE FINANCIAL INC | Added | +1.8m |
| BAILLIE GIFFORD & CO | Added | +1.6m |
| Capital World Investors | Added | +1.1m |
Biggest sellers
| Capital International Investors | Reduced | -28.6m |
| GQG Partners LLC | Reduced | -5.0m |
| HSBC HOLDINGS PLC | Reduced | -3.2m |
| LONE PINE CAPITAL LLC | Sold out | -2.6m |
| BlackRock, Inc. | Reduced | -1.7m |
| MAVERICK CAPITAL LTD | Reduced | -1.6m |
| Independent Franchise Partners LLP | Reduced | -1.3m |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -1.1m |
| NEUBERGER BERMAN GROUP LLC | Reduced | -1.0m |
| Fundsmith LLP | Reduced | -1.0m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $245.5m1.5m shares |
| CITADEL ADVISORS LLC | Added | $163.4m988.4k shares |
| JANE STREET GROUP, LLC | Added | $99.5m602.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $82.8m500.6k shares |
| IMC-Chicago, LLC | Added | $77.2m466.8k shares |
| NATIXIS | New | $61.2m370.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $31.7m191.5k shares |
| UBS Group AG | Reduced | $23.8m144.0k shares |
| TORONTO DOMINION BANK | Added | $23.1m140.0k shares |
| Point72 Asset Management, L.P. | Reduced | $22.2m134.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $228.9m1.4m shares |
| CITIGROUP INC | Added | $144.4m873.1k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $105.9m640.4k shares |
| CITADEL ADVISORS LLC | Reduced | $102.5m620.0k shares |
| GOLDMAN SACHS GROUP INC | Added | $96.2m581.7k shares |
| JANE STREET GROUP, LLC | Reduced | $31.6m190.9k shares |
| UBS Group AG | Reduced | $26.0m157.4k shares |
| BARCLAYS PLC | Added | $24.8m150.0k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $24.7m149.1k shares |
| Parallax Volatility Advisers, L.P. | Added | $23.3m152.3k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 1 | $1.9m | — |
| Q3 2024 | 0 | — | 2 | $5.7m | — |
| Q4 2024 | 0 | — | 4 | $18.8m | — |
| Q1 2025 | 0 | — | 9 | $25.0m | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 6 | $28.8m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-20 | Kennedy Stacey CEO PMI U.S. | Sold | $2.6m14.3k shares |
| 2026-02-20 | Dobrowolski Reginaldo Group Controller | Sold | $917.3k5.0k shares |
| 2026-02-20 | Dobrowolski Reginaldo Group Controller | Sold | $183.6k1.0k shares |
| 2026-02-19 | Olczak Jacek Group CEO PMI, director | Sold | $14.6m80.0k shares |
| 2026-02-19 | Babeau Emmanuel Group Chief Financial Officer | Sold | $6.1m33.8k shares |
| 2026-02-19 | De Wilde Frederic CEO PMI International | Sold | $3.7m20.0k shares |
| 2026-02-19 | Guerin Yann Group Chief Legal Officer | Sold | $726.8k4.0k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 3.01% of their portfolio | 133.5m $22.1bn | Added +1.1m |
| BlackRock, Inc. 0.31% of their portfolio | 107.5m $17.8bn | Reduced -1.7m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.41% of their portfolio | 101.2m $16.7bn | First filing |
| Capital Research Global Investors 2.05% of their portfolio | 79.8m $13.2bn | Added +25.3m |
| Capital International Investors 2.82% of their portfolio | 72.8m $12.0bn | Reduced -28.6m |
| STATE STREET CORP 0.32% of their portfolio | 55.0m $9.2bn | Added +36.5k |
| JPMORGAN CHASE & CO 0.58% of their portfolio | 51.6m $8.5bn | Added +9.9m |
| GQG Partners LLC 13.13% of their portfolio | 50.1m $8.3bn | Reduced -5.0m |
| FMR LLC 0.39% of their portfolio | 44.8m $7.4bn | Added +3.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.40% of their portfolio | 38.5m $6.4bn | Added +1.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.26% of their portfolio | 29.6m $4.9bn | First filing |
| MORGAN STANLEY 0.24% of their portfolio | 24.4m $4.0bn | Added +986.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.37% of their portfolio | 19.4m $3.2bn | Added +5.2m |
| BANK OF AMERICA CORP /DE/ 0.21% of their portfolio | 17.2m $2.8bn | Added +1.8m |
| WELLINGTON MANAGEMENT GROUP LLP 0.52% of their portfolio | 16.9m $2.8bn | Added +2.6m |
| FRANKLIN RESOURCES INC 0.67% of their portfolio | 16.6m $2.7bn | Added +2.2m |
| Invesco Ltd. 0.26% of their portfolio | 16.1m $2.7bn | Added +427.2k |
| NORTHERN TRUST CORP 0.32% of their portfolio | 14.4m $2.4bn | Reduced -12.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.34% of their portfolio | 13.5m $2.2bn | Added +211.5k |
| WCM INVESTMENT MANAGEMENT, LLC 4.06% of their portfolio | 10.8m $1.8bn | Reduced -22.4k |
| Fayez Sarofim & Co 4.56% of their portfolio | 10.8m $1.8bn | Reduced -76.2k |
| Nuveen, LLC 0.43% of their portfolio | 9.7m $1.6bn | Reduced -302.1k |
| Bank of New York Mellon Corp 0.27% of their portfolio | 8.9m $1.5bn | Reduced -452.2k |
| VANGUARD FIDUCIARY TRUST CO 0.37% of their portfolio | 8.8m $1.4bn | First filing |
| GOLDMAN SACHS GROUP INC 0.19% of their portfolio | 8.7m $1.4bn | Added +388.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.49% of their portfolio | 8.6m $1.4bn | Reduced -669.3k |
| AMERIPRISE FINANCIAL INC 0.31% of their portfolio | 8.0m $1.3bn | Added +1.8m |
| Legal & General Group Plc 0.30% of their portfolio | 7.9m $1.3bn | Added +296.9k |
| Ninety One UK Ltd 2.75% of their portfolio | 7.2m $1.2bn | Added +10.3k |
| ROYAL BANK OF CANADA 0.19% of their portfolio | 6.1m $1.0bn | Reduced -517.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.26% of their portfolio | 5.9m $980.6m | Added +243.1k |
| First Eagle Investment Management, LLC 1.65% of their portfolio | 5.9m $974.3m | Added +84.3k |
| Boston Partners 1.00% of their portfolio | 5.8m $953.2m | Reduced -542.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.63% of their portfolio | 5.7m $941.4m | Added +448.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.19% of their portfolio | 5.6m $922.2m | Added +163.2k |
| Fundsmith LLP 6.59% of their portfolio | 5.1m $845.4m | Reduced -1.0m |
| RAYMOND JAMES FINANCIAL INC 0.25% of their portfolio | 4.9m $806.6m | Added +255.6k |
| BARCLAYS PLC 0.27% of their portfolio | 4.6m $761.7m | Added +934.1k |
| GARDNER RUSSO & QUINN LLC 8.96% of their portfolio | 4.6m $761.4m | Reduced -92.4k |
| Swiss National Bank 0.43% of their portfolio | 4.6m $755.3m | Added +302.9k |
| JANUS HENDERSON GROUP PLC 0.35% of their portfolio | 4.4m $729.8m | Reduced -46.2k |
| WELLS FARGO & COMPANY/MN 0.14% of their portfolio | 4.4m $722.3m | Added +664.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.37% of their portfolio | 4.1m $682.7m | Reduced -846.7k |
| UBS Group AG 0.12% of their portfolio | 4.0m $661.8m | Added +238.7k |
| ALLIANCEBERNSTEIN L.P. 0.20% of their portfolio | 3.8m $616.2m | Added +284.5k |
| National Pension Service 0.45% of their portfolio | 3.6m $597.4m | Added +25.6k |
| FEDERATED HERMES, INC. 0.93% of their portfolio | 3.4m $570.3m | Reduced -401.7k |
| Vanguard Global Advisers, LLC 0.30% of their portfolio | 3.4m $562.5m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 3.3m $542.0m | Added +71.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.33% of their portfolio | 3.1m $505.5m | Reduced -36.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.32% of their portfolio | 3.0m $498.8m | Added +562.2k |
| AQR CAPITAL MANAGEMENT LLC 0.22% of their portfolio | 2.9m $481.0m | Reduced -625.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.40% of their portfolio | 2.8m $467.8m | First filing |
| DEUTSCHE BANK AG\ 0.15% of their portfolio | 2.8m $460.1m | Added +90.2k |
| LPL Financial LLC 0.12% of their portfolio | 2.7m $438.6m | Added +34.6k |
| PNC Financial Services Group, Inc. 0.25% of their portfolio | 2.6m $434.1m | Added +2.1k |
| MACKENZIE FINANCIAL CORP 0.51% of their portfolio | 2.6m $427.3m | Added +49.7k |
| Independent Franchise Partners LLP 2.96% of their portfolio | 2.6m $423.4m | Reduced -1.3m |
| TRUIST FINANCIAL CORP 0.56% of their portfolio | 2.5m $417.1m | Added +45.9k |
| DekaBank Deutsche Girozentrale 0.70% of their portfolio | 2.5m $422.0m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.17% of their portfolio | 2.5m $415.1m | Added +492.6k |
| VAN ECK ASSOCIATES CORP 0.31% of their portfolio | 2.5m $406.6m | Reduced -2.6k |
| HSBC HOLDINGS PLC 0.24% of their portfolio | 2.4m $400.5m | Reduced -3.2m |
| RHUMBLINE ADVISERS 0.32% of their portfolio | 2.3m $373.0m | Reduced -45.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.24% of their portfolio | 2.2m $358.2m | Reduced -1.1m |
| SG Americas Securities, LLC 0.38% of their portfolio | 2.1m $345.7m | Reduced -169.1k |
| LONDON CO OF VIRGINIA 2.06% of their portfolio | 2.0m $334.0m | Reduced -137.8k |
| Capital International, Inc./CA/ 2.44% of their portfolio | 1.9m $316.5m | Added +163.6k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 1.18% of their portfolio | 1.8m $300.1m | Reduced -316.1k |
| FIRST MANHATTAN CO. LLC. 0.82% of their portfolio | 1.8m $295.7m | Reduced -39.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.15% of their portfolio | 1.7m $289.3m | Added +9.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.40% of their portfolio | 1.7m $288.7m | Reduced -1.0k |
| FUNDSMITH INVESTMENT SERVICES LTD. 6.30% of their portfolio | 1.7m $277.4m | Reduced -414.1k |
| LORD, ABBETT & CO. LLC 0.90% of their portfolio | 1.7m $275.1m | Reduced -79.6k |
| Focus Partners Wealth 0.31% of their portfolio | 1.7m $274.9m | Added +69.4k |
| SEI INVESTMENTS CO 0.25% of their portfolio | 1.7m $274.8m | Added +265.6k |
| BAILLIE GIFFORD & CO 0.28% of their portfolio | 1.6m $271.9m | Added +1.6m |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 1.41% of their portfolio | 1.5m $255.7m | Added +22.3k |
| PANAGORA ASSET MANAGEMENT INC 0.93% of their portfolio | 1.5m $249.4m | Reduced -147.6k |
| NATIONAL BANK OF CANADA /FI/ 0.25% of their portfolio | 1.5m $248.3m | Reduced -458.8k |
| CITIGROUP INC 0.16% of their portfolio | 1.5m $246.5m | Added +61.3k |
| PRUDENTIAL FINANCIAL INC 0.29% of their portfolio | 1.4m $234.8m | Added +510.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.36% of their portfolio | 1.4m $230.6m | Reduced -12.4k |
| NEUBERGER BERMAN GROUP LLC 0.18% of their portfolio | 1.4m $230.5m | Reduced -1.0m |
| STIFEL FINANCIAL CORP 0.21% of their portfolio | 1.4m $227.1m | Added +15.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.42% of their portfolio | 1.4m $226.6m | Reduced -14.5k |
| NATIXIS ADVISORS, LLC 0.31% of their portfolio | 1.4m $225.8m | Added +19.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.43% of their portfolio | 1.3m $211.1m | Reduced -12.7k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.42% of their portfolio | 1.2m $200.9m | Added +7.6k |
| Cullen Capital Management, LLC 2.01% of their portfolio | 1.2m $196.3m | Reduced -4.5k |
| Perpetual Ltd 2.98% of their portfolio | 1.2m $194.6m | Reduced -268.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.16% of their portfolio | 1.1m $187.3m | Reduced -115.2k |
| Eurizon Capital SGR S.p.A. 0.58% of their portfolio | 1.1m $186.4m | Added +522.3k |
| Alyeska Investment Group, L.P. 0.53% of their portfolio | 1.1m $185.8m | Added +595.4k |
| CINCINNATI FINANCIAL CORP 3.67% of their portfolio | 1.1m $182.2m | Unchanged |
| Vontobel Holding Ltd. 0.62% of their portfolio | 1.1m $179.6m | Added +231.7k |
| BANK OF NOVA SCOTIA 0.31% of their portfolio | 1.1m $175.5m | Reduced -359.8k |
| Russell Investments Group, Ltd. 0.19% of their portfolio | 1.1m $174.5m | Reduced -40.6k |
| Artisan Partners Limited Partnership 0.28% of their portfolio | 1.0m $172.1m | Added +36.2k |
| Korea Investment CORP 0.35% of their portfolio | 1.0m $168.7m | Reduced -46.5k |