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 ($729.1m this quarter). Holder counts are more reliable. Shares outstanding: 1.6bn as of 2026-07-17, 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 ≈ $180.99. Options: 43 managers hold calls ($1.2bn notional), 36 hold puts ($1.3bn).
Trends to Q2 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 |
| Q2 2026 | 2,922 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 1,426 | 1,125 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.4bn | $1.3bn | 0.90 |
| Q4 2025 | $1.0bn | $1.1bn | 1.03 |
| Q1 2026 | $1.1bn | $920.9m | 0.87 |
| Q2 2026 | $1.2bn | $1.3bn | 1.08 |
Biggest buyers
| First Eagle Investment Management, LLC | Added | +6.0m |
| Capital Research Global Investors | Added | +4.4m |
| Bank of New York Mellon Corp | Added | +2.8m |
| FRANKLIN RESOURCES INC | Added | +2.7m |
| FIRST TRUST ADVISORS LP | Added | +2.4m |
| FMR LLC | Added | +1.8m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.4m |
| Assenagon Asset Management S.A. | Added | +1.4m |
| GOLDMAN SACHS GROUP INC | Added | +1.3m |
| MORGAN STANLEY | Added | +1.1m |
Biggest sellers
| GQG Partners LLC | Reduced | -4.7m |
| JPMORGAN CHASE & CO | Reduced | -3.4m |
| VAN ECK ASSOCIATES CORP | Reduced | -2.4m |
| Fundsmith LLP | Reduced | -2.2m |
| BARCLAYS PLC | Reduced | -1.7m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.7m |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -1.5m |
| Artisan Partners Limited Partnership | Reduced | -921.6k |
| Contrarius Group Holdings Ltd | Sold out | -822.8k |
| SG Americas Securities, LLC | Reduced | -812.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $243.0m1.3m shares |
| JANE STREET GROUP, LLC | Added | $206.5m1.1m shares |
| CITADEL ADVISORS LLC | Reduced | $155.7m860.6k shares |
| TORONTO DOMINION BANK | Added | $109.5m605.0k shares |
| IMC-Chicago, LLC | Reduced | $81.7m451.4k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $66.0m3.6k shares |
| ROYAL BANK OF CANADA | Added | $50.7m280.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $36.5m202.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $31.5m174.3k shares |
| GOLDMAN SACHS GROUP INC | Added | $27.9m154.0k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $340.7m1.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $287.2m1.6m shares |
| CITIGROUP INC | Reduced | $139.8m772.7k shares |
| GOLDMAN SACHS GROUP INC | Added | $132.4m731.6k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $95.0m524.9k shares |
| CITADEL ADVISORS LLC | Reduced | $91.4m505.1k shares |
| Walleye Trading LLC | Added | $34.2m189.3k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $31.4m173.7k shares |
| BARCLAYS PLC | Unchanged | $27.1m150.0k shares |
| UBS Group AG | Reduced | $24.6m135.9k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 2.85% of their portfolio | 133.2m $24.1bn | Reduced -298.1k |
| BlackRock, Inc. 0.29% of their portfolio | 108.0m $19.5bn | Added +507.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.39% of their portfolio | 101.8m $18.4bn | Added +629.3k |
| Capital Research Global Investors 2.13% of their portfolio | 84.3m $15.2bn | Added +4.4m |
| Capital International Investors 2.70% of their portfolio | 72.3m $13.1bn | Reduced -509.1k |
| STATE STREET CORP 0.30% of their portfolio | 55.6m $10.1bn | Added +537.0k |
| JPMORGAN CHASE & CO 0.51% of their portfolio | 48.2m $8.8bn | Reduced -3.4m |
| FMR LLC 0.37% of their portfolio | 46.5m $8.4bn | Added +1.8m |
| GQG Partners LLC 15.29% of their portfolio | 45.4m $8.2bn | Reduced -4.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.38% of their portfolio | 39.0m $7.1bn | Added +577.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.25% of their portfolio | 30.3m $5.5bn | Added +704.2k |
| MORGAN STANLEY 0.24% of their portfolio | 25.5m $4.6bn | Added +1.1m |
| FRANKLIN RESOURCES INC 0.76% of their portfolio | 19.3m $3.5bn | Added +2.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.35% of their portfolio | 19.2m $3.5bn | Reduced -132.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.55% of their portfolio | 17.5m $3.2bn | Added +650.6k |
| BANK OF AMERICA CORP /DE/ 0.20% of their portfolio | 17.0m $3.1bn | Reduced -231.8k |
| Invesco Ltd. 0.23% of their portfolio | 16.1m $2.9bn | Added +21.5k |
| NORTHERN TRUST CORP 0.29% of their portfolio | 14.0m $2.5bn | Reduced -462.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.33% of their portfolio | 13.6m $2.5bn | Added +100.2k |
| First Eagle Investment Management, LLC 1.78% of their portfolio | 11.9m $2.1bn | Added +6.0m |
| Bank of New York Mellon Corp 0.35% of their portfolio | 11.7m $2.1bn | Added +2.8m |
| Fayez Sarofim & Co 4.66% of their portfolio | 11.0m $2.0bn | Added +194.8k |
| WCM INVESTMENT MANAGEMENT, LLC 3.42% of their portfolio | 10.3m $1.9bn | Reduced -479.0k |
| GOLDMAN SACHS GROUP INC 0.19% of their portfolio | 10.0m $1.8bn | Added +1.3m |
| Nuveen, LLC 0.38% of their portfolio | 8.9m $1.6bn | Reduced -775.9k |
| VANGUARD FIDUCIARY TRUST CO 0.35% of their portfolio | 8.8m $1.6bn | Reduced -10.5k |
| AMERIPRISE FINANCIAL INC 0.32% of their portfolio | 8.7m $1.6bn | Added +677.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.50% of their portfolio | 8.6m $1.6bn | Reduced -58.7k |
| Legal & General Group Plc 0.27% of their portfolio | 7.3m $1.3bn | Reduced -667.4k |
| Ninety One UK Ltd 2.91% of their portfolio | 7.2m $1.3bn | Added +25.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.23% of their portfolio | 7.0m $1.3bn | Added +1.4m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.64% of their portfolio | 6.4m $1.2bn | Added +671.4k |
| ROYAL BANK OF CANADA 0.19% of their portfolio | 6.3m $1.1bn | Added +193.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.27% of their portfolio | 6.2m $1.1bn | Added +285.7k |
| Boston Partners 0.98% of their portfolio | 6.1m $1.1bn | Added +319.1k |
| RAYMOND JAMES FINANCIAL INC 0.27% of their portfolio | 5.5m $988.1m | Added +582.1k |
| WELLS FARGO & COMPANY/MN 0.15% of their portfolio | 4.7m $845.1m | Added +302.5k |
| GARDNER RUSSO & QUINN LLC 9.18% of their portfolio | 4.5m $819.7m | Reduced -74.2k |
| Swiss National Bank 0.42% of their portfolio | 4.4m $795.3m | Reduced -172.5k |
| Jupiter Topco LLC 0.30% of their portfolio | 4.0m $726.5m | First filing |
| National Pension Service 0.44% of their portfolio | 3.7m $675.3m | Added +120.0k |
| UBS Group AG 0.11% of their portfolio | 3.7m $668.3m | Reduced -308.5k |
| ALLIANCEBERNSTEIN L.P. 0.20% of their portfolio | 3.6m $596.6m | Reduced -233.3k |
| Vanguard Global Advisers, LLC 0.28% of their portfolio | 3.4m $607.6m | Reduced -43.3k |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 3.4m $606.3m | Added +73.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.39% of their portfolio | 3.2m $581.5m | Added +385.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.31% of their portfolio | 3.0m $545.2m | Reduced -43.5k |
| FEDERATED HERMES, INC. 0.76% of their portfolio | 2.9m $528.2m | Reduced -529.7k |
| Fundsmith LLP 3.86% of their portfolio | 2.9m $527.1m | Reduced -2.2m |
| BARCLAYS PLC 0.16% of their portfolio | 2.9m $518.1m | Reduced -1.7m |
| FIRST TRUST ADVISORS LP 0.30% of their portfolio | 2.8m $512.9m | Added +2.4m |
| DEUTSCHE BANK AG\ 0.15% of their portfolio | 2.8m $504.5m | Added +6.1k |
| LPL Financial LLC 0.11% of their portfolio | 2.8m $503.4m | Added +129.8k |
| BANK OF MONTREAL /CAN/ 0.18% of their portfolio | 2.8m $500.5m | Added +256.0k |
| TRUIST FINANCIAL CORP 0.60% of their portfolio | 2.8m $498.7m | Added +234.1k |
| HSBC HOLDINGS PLC 0.23% of their portfolio | 2.7m $480.8m | Added +233.2k |
| PNC Financial Services Group, Inc. 0.23% of their portfolio | 2.6m $471.6m | Reduced -19.0k |
| MACKENZIE FINANCIAL CORP 0.46% of their portfolio | 2.6m $468.8m | Added +6.5k |
| Independent Franchise Partners LLP 3.06% of their portfolio | 2.6m $466.4m | Added +17.8k |
| AQR CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 2.5m $455.5m | Reduced -391.1k |
| DekaBank Deutsche Girozentrale 0.70% of their portfolio | 2.5m $413.5m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.20% of their portfolio | 2.4m $442.8m | Reduced -1.7m |
| CITIGROUP INC 0.20% of their portfolio | 2.3m $423.1m | Added +847.7k |
| RHUMBLINE ADVISERS 0.30% of their portfolio | 2.2m $403.4m | Reduced -26.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.19% of their portfolio | 2.0m $357.7m | Reduced -189.4k |
| BAILLIE GIFFORD & CO 0.32% of their portfolio | 2.0m $354.1m | Added +313.3k |
| LONDON CO OF VIRGINIA 2.01% of their portfolio | 2.0m $353.1m | Reduced -68.4k |
| Capital International, Inc./CA/ 2.46% of their portfolio | 1.9m $350.2m | Added +21.9k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 1.11% of their portfolio | 1.8m $322.1m | Reduced -34.3k |
| FIRST MANHATTAN CO. LLC. 0.82% of their portfolio | 1.8m $322.2m | Reduced -6.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.16% of their portfolio | 1.8m $316.7m | Added +678 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.38% of their portfolio | 1.7m $301.7m | Reduced -78.6k |
| BANK OF NOVA SCOTIA 0.44% of their portfolio | 1.6m $291.0m | Added +547.0k |
| PANAGORA ASSET MANAGEMENT INC 0.89% of their portfolio | 1.6m $288.8m | Added +88.3k |
| Focus Partners Wealth 0.29% of their portfolio | 1.6m $287.5m | Reduced -74.0k |
| Assenagon Asset Management S.A. 0.19% of their portfolio | 1.6m $285.4m | Added +1.4m |
| NATIXIS ADVISORS, LLC 0.32% of their portfolio | 1.6m $284.5m | Added +206.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.15% of their portfolio | 1.5m $266.6m | Reduced -1.5m |
| NEUBERGER BERMAN GROUP LLC 0.18% of their portfolio | 1.5m $264.6m | Added +67.3k |
| MAVERICK CAPITAL LTD 2.38% of their portfolio | 1.5m $263.6m | Added +889.8k |
| STIFEL FINANCIAL CORP 0.22% of their portfolio | 1.4m $259.5m | Added +61.1k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 1.29% of their portfolio | 1.4m $255.9m | Reduced -131.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.35% of their portfolio | 1.4m $251.5m | Reduced -4.6k |
| LORD, ABBETT & CO. LLC 0.70% of their portfolio | 1.4m $245.5m | Reduced -307.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.40% of their portfolio | 1.3m $241.5m | Reduced -35.8k |
| SG Americas Securities, LLC 0.13% of their portfolio | 1.3m $231.3m | Reduced -812.9k |
| Alyeska Investment Group, L.P. 0.58% of their portfolio | 1.2m $225.8m | Added +124.7k |
| SEI INVESTMENTS CO 0.19% of their portfolio | 1.2m $220.5m | Reduced -442.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.40% of their portfolio | 1.2m $219.5m | Reduced -1.8k |
| Cullen Capital Management, LLC 2.13% of their portfolio | 1.2m $216.7m | Added +10.5k |
| Woodline Partners LP 0.67% of their portfolio | 1.2m $215.3m | Added +885.3k |
| MACQUARIE GROUP LTD 0.92% of their portfolio | 1.2m $213.4m | Added +198.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.39% of their portfolio | 1.2m $213.3m | Reduced -97.8k |
| PRUDENTIAL FINANCIAL INC 0.23% of their portfolio | 1.2m $209.2m | Reduced -264.0k |
| Korea Investment CORP 0.39% of their portfolio | 1.1m $206.6m | Added +121.3k |
| CINCINNATI FINANCIAL CORP 3.81% of their portfolio | 1.1m $199.3m | Unchanged |
| Amundi 0.05% of their portfolio | 1.1m $192.4m | Added +68.2k |
| JONES FINANCIAL COMPANIES LLLP 0.07% of their portfolio | 1.0m $187.4m | Added +193.6k |
| Canoe Financial LP 2.28% of their portfolio | 1.0m $183.8m | Added +27.9k |
| Russell Investments Group, Ltd. 0.16% of their portfolio | 1.0m $183.8m | Reduced -39.6k |