Current position

Terry Smith’s Philip Morris Intl Inc (PM) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Fundsmith LLPVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ3 2013Earliest verified positive filing snapshot
Latest statusCurrent positionBased on the latest supported relationship state
Peak shares20.42MHighest verified quarter-end share count
Quarters reported50Verified quarters with shares above zero
What happened?

Fundsmith LLP first reported Philip Morris Intl Inc in Q3 2013. The reported position was increased and reduced across later filings. Fundsmith LLP currently reports 2.91M shares. The latest verified filing showed: Sold 43.0% of the position.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q2 2026
Sold 43.0% of the position−2.20M shares · 2.91M shares remained
Filing context

Quarter-end price $180.91 · Estimated holding basis $84.54

Q1 2026
Sold 16.5% of the position−1.01M shares · 5.11M shares remained
Filing context

Quarter-end price $165.34 · Estimated holding basis $84.54

Q4 2025
Sold 14.8% of the position−1.06M shares · 6.12M shares remained
Filing context

Quarter-end price $160.40 · Estimated holding basis $84.54

Q3 2025
Sold 20.8% of the position−1.89M shares · 7.19M shares remained
Filing context

Quarter-end price $162.20 · Estimated holding basis $84.54

Q2 2025
Sold 16.0% of the position−1.73M shares · 9.07M shares remained
Filing context

Quarter-end price $182.13 · Estimated holding basis $84.54

Q1 2025
Sold 3.9% of the position−439.28K shares · 10.81M shares remained
Filing context

Quarter-end price $158.73 · Estimated holding basis $84.54

1 unchanged quarter is collapsed by default.

Portfolio importance

How important is Philip Morris Intl Inc in Fundsmith LLP’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Current portfolio weight3.9%Q2 2026
Current rank#17of 41 reported positions
Peak portfolio weight8.3%Q1 2016
Best historical rank#2Q1 2020
At peak importanceQ1 2016
PM
8.3%
Largest holding
9.3%
Cross-investor discovery

Who else owns Philip Morris Intl Inc?

Also reported by 4 other tracked investors in their latest verified filings.

Tom RussoGardner Russo & Quinn · formerly Gardner Russo & Gardner
PM9.2% of reported portfolio
George SorosSoros Fund Management
PM0.3% of reported portfolio
Joel GreenblattGotham Asset Management
PM0.1% of reported portfolio
Explore Philip Morris Intl Inc across all tracked investors →
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$188.622026-09-18

Market context only; not an investor transaction price.

Latest filing quarter-end price$180.91Q2 2026

Derived from validated reported value and shares where supported.

Estimated holding basis$84.54Historical reference — not actual purchase price

Calculated from supported filing history.

Latest verified investor filingQ2 2026 · filed 2026-08-14
Open SEC filing ↗

This tracker follows Fundsmith LLP’s reported positions. Form 13F reports quarter-end positions and is filed later; it does not disclose exact trade dates or execution prices.