Philip Morris International

PM • NYSE

Philip Morris International is a tobacco company in the consumer defensive sector on NYSE, led by Jacek Olczak, with a market cap of $231.29B. As of Q3 2025, 82% of shares are held by 2,655 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.22%.

Chief Executive OfficerJacek Olczak

Market Cap$231.29B

Tobacco

Consumer Defensive

Employees82.7K

Websitepmi.com

Country

United States of America

Overview

Overview of institutional ownership in PM as of Q3 2025 with a market cap of $252.48B

All Institutions

Institutions: 2,655
Value Held: $206.40B
Shares Held: 1.27B
Avg Position: $77.7M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 109
Value Held: $5.1B
Shares Held: 31.6M
Avg Position: $47.1M
Median Position: $4.5M

Ownership Breakdown

Institutional (non-HF)

79.71%

$201.26B

Hedge Funds

2.04%

$5.1B

Retail & Other

18.25%

$46.1B

Based on market cap of $252.48B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PM as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$23.3B 0.35% of portfolio	9.22% 143.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
C Capital World Investors Institution	-	$20.9B 2.86% of portfolio	8.27% 128.8M shares	≤ Q2 2013 Held for 12y 5m+	$730.00B
B BlackRock, Inc. Institution	-	$17.1B 0.30% of portfolio	6.76% 105.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
C Capital International Investors Institution	-	$14.5B 2.35% of portfolio	5.73% 89.2M shares	Q4 2013 Held for 11y 11m	$615.90B
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	$8.9B 13.70% of portfolio	3.53% 55.0M shares	Q3 2019 Held for 6y 2m	$65.1B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$8.9B 0.31% of portfolio	3.53% 55.0M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$7.7B 0.49% of portfolio	3.04% 47.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
Capital Research Global Investors RIA/Wealth	Sardar Sheraz Iftikhar CEO	$7.1B 1.33% of portfolio	2.80% 43.5M shares	≤ Q2 2013 Held for 12y 5m+	$532.36B
FMR LLC Institution	-	$6.6B 0.34% of portfolio	2.60% 40.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$6.1B 0.39% of portfolio	2.44% 37.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for PM in Q3 2025

Net Flow: +$1.5B
Buyers: 1,094
Sellers: 1,229
Total Bought: +$8.9B
Total Sold: −$7.4B
Avg Position: $75.0M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$1.3B +7.9M shares	$6.6B 40.5M shares
GQG Partners LLC Long Only Manager	+$532.7M +3.3M shares	$8.9B 55.0M shares
Capital Research Global Investors RIA/Wealth	+$472.3M +2.9M shares	$7.1B 43.5M shares
MORGAN STANLEY RIA/Wealth	+$441.0M +2.7M shares	$4.0B 24.5M shares
C Capital World Investors Institution	+$440.3M +2.7M shares	$20.9B 128.8M shares
LONE PINE CAPITAL LLC Hedge Fund•Long/Short	+$301.2M +1.9M shares	$748.5M 4.6M shares
BARCLAYS PLC Institution	+$295.5M +1.8M shares	$895.2M 5.5M shares
B BlackRock, Inc. Institution	+$262.7M +1.6M shares	$17.1B 105.3M shares
HENDERSON GROUP PLC Institution	+$238.6M +1.5M shares	$449.7M 2.8M shares
N NOMURA HOLDINGS INC Institution	+$238.3M +1.5M shares	$241.8M 1.5M shares

Biggest Sellers

Institution	Net Sold	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$461.9M −2.8M shares	$2.9B 18.0M shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$373.8M −2.3M shares	$50.4M 310.8K shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$336.0M −2.1M shares	$1.1B 6.8M shares
Fundsmith LLP Long Only Manager	−$305.9M −1.9M shares	$1.2B 7.2M shares
A AXIOM INTERNATIONAL INVESTORS LLC /DE Long Only Manager	−$279.1M −1.5M shares	Sold Off 0 shares
Q Qube Research & Technologies Ltd Institution	−$244.1M −1.5M shares	$172.1M 1.1M shares
C COATUE MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$236.5M −1.3M shares	Sold Off 0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$223.5M −1.4M shares	$867.4M 5.3M shares
Holocene Advisors, LP Hedge Fund•Long/Short	−$207.9M −1.1M shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$173.9M −1.1M shares	$100.6M 620.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PM in Q3 2025

New Positions: 53
New Value: $66.3M
Exited Positions: 205
Exited Value: $1.4B

New Positions

Institution	Position Value
Atreides Management, LP Hedge Fund•Long/Short	$45.3M 279.1K shares
T TEMA ETFS LLC Institution	$4.8M 29.4K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$1.5M 9.4K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$1.2M 13.2K shares
Requisite Capital Management, LLC RIA/Wealth	$793.0K 4.9K shares
Gibson Capital, LLC RIA/Wealth	$703.9K 4.3K shares
Strata Wealth Advisors, LLC RIA/Wealth	$662.3K 4.1K shares
R Roberts Capital Advisors, LLC Institution	$643.9K 4.0K shares
Coign Capital Advisors LLC RIA/Wealth	$609.9K 3.8K shares
Optimize Financial Inc RIA/Wealth	$599.8K 3.7K shares

Exited Positions

Institution	Previous Position
A AXIOM INTERNATIONAL INVESTORS LLC /DE Long Only Manager	$279.1M 1.5M shares
C COATUE MANAGEMENT LLC Hedge Fund•Multi-Strategy	$236.5M 1.3M shares
Holocene Advisors, LP Hedge Fund•Long/Short	$207.9M 1.1M shares
D Duquesne Family Office LLC Institution	$148.6M 816.0K shares
C Capitolis Liquid Global Markets LLC Private Equity	$70.9M 389.3K shares
I Ilex Capital Partners LLP Institution	$57.4M 315.0K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$53.1M 291.8K shares
Candlestick Capital Management LP Hedge Fund•Long/Short	$49.3M 270.6K shares
D Delta Global Management LP Hedge Fund•Market Neutral	$45.7M 251.0K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$28.3M 155.2K shares

Options Activity

Institutions with the largest Call and Put options positions in PM as of Q3 2025

Call Positions: 53
Call Value: $1.2B
Put Positions: 43
Put Value: $1.3B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$217.6M 13.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$172.2M 10.6K contracts
J JANE STREET GROUP, LLC Institution	$136.5M 8.4K contracts
D D. E. Shaw & Co., Inc. Institution	$101.7M 6.3K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$87.7M 5.4K contracts
W WOLVERINE TRADING, LLC Institution	$72.5M 4.4K contracts
C Cubist Systematic Strategies, LLC Institution	$47.4M 2.9K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$40.5M 2.5K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$34.6M 2.1K contracts
Q Qube Research & Technologies Ltd Institution	$29.1M 1.8K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$303.6M 18.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$185.9M 11.5K contracts
CITIGROUP INC Institution	$112.7M 6.9K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$85.8M 5.3K contracts
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$60.4M 3.7K contracts
J JANE STREET GROUP, LLC Institution	$59.5M 3.7K contracts
W WOLVERINE TRADING, LLC Institution	$57.8M 3.5K contracts
Q Qube Research & Technologies Ltd Institution	$53.9M 3.3K contracts
GOLDMAN SACHS GROUP INC Institution	$40.8M 2.5K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$37.1M 2.3K contracts

Most Committed Institutions

Institutions with PM as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
G Gladstone Capital Management LLP RIA/Wealth	Bonnie Mills Smallwood Partner	14.43% $132.1M	0.05% 814.2K shares	Q3 2024 Held for 1y 2m	$915.5M
E EPACRIA CAPITAL PARTNERS, LLC Institution	-	14.04% $17.3M	0.01% 106.7K shares	Q4 2022 Held for 2y 11m	$123.2M
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	13.70% $8.9B	3.53% 55.0M shares	Q3 2019 Held for 6y 2m	$65.1B
C CALEDONIA INVESTMENTS PLC Institution	-	11.69% $118.8M	0.05% 732.6K shares	≤ Q2 2013 Held for 12y 5m+	$1.0B
G GARDNER RUSSO & GARDNER Hedge Fund•Value	Thomas Adrian Russo Chairman	11.13% $756.2M	0.30% 4.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.8B
Bronte Capital Management Pty Ltd. Hedge Fund•Long/Short	John Lawrence Hempton CIO	7.87% $75.7M	0.03% 417.7K shares	Q3 2021 Held for 4y 2m	$962.3M
N Newbrook Capital Advisors LP Hedge Fund•Long/Short	Christopher Scott Reed CFO	7.64% $57.3M	0.02% 353.3K shares	Q2 2025 Held for 5 months	$750.4M
Weinberger Asset Management, Inc RIA/Wealth	Alexander Brian Weinberger President	7.52% $20.8M	0.01% 128.1K shares	Q2 2022 Held for 3y 5m	$276.3M
Foyston, Gordon, & Payne Inc Long Only Manager	Robert Joseph Payne Managing Partner	6.37% $29.1M	0.01% 179.6K shares	Q2 2018 Held for 7y 5m	$457.5M
Kennon-Green & Company, LLC RIA/Wealth	Joshua Allan Kennon Managing Partner	6.28% $8.1M	0.00% 49.9K shares	Q4 2022 Held for 2y 11m	$128.8M

Hedge Fund Spotlight

Discover hedge funds investing in PM

Zweig-DiMenna Associates LLC

Hedge Fund • Long/Short

Portfolio ManagerKevin P Cannon

Portfolio Value: $1.3B
Positions: 93
Last Reported: Q3 2025

Sector Allocation

Position in Philip Morris International

Market Value: $14.5M
Shares Held: 89.3K
Portfolio Weight: 1.13%
Owned Since: 2023-Q4

Top Holding	Sector	Market Value	Weight
1 Applovin Corporation APP	Software - Application Technology	$81.3M	6.37%
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$79.4M	6.22%
3 Broadcom Inc. AVGO	Semiconductors Technology	$69.5M	5.45%