Absolute Return Capital’s Philip Morris PM Stock Holding History

Absolute Return Capital’s Portfolio PM Stock Details PM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-167,698	Closed	-$13.4M	–	584
2015 Q2	$13.4M	Buy	167,698 +110,760	+195%	+$9.11M	0.54%	52
2015 Q1	$4.29M	Sell	56,938 -160,846	-74%	-$13.1M	0.11%	210
2014 Q4	$17.7M	Sell	217,784 -355,884	-62%	-$30.6M	0.37%	80
2014 Q3	$47.8M	Buy	573,668 +103,249	+22%	+$8.73M	0.67%	30
2014 Q2	$39.7M	Sell	470,419 -117,755	-20%	-$10.1M	0.47%	57
2014 Q1	$48.2M	Buy	588,174 +462,022	+366%	+$37.3M	0.7%	12
2013 Q4	$11M	Buy	+126,152	New	+$11M	0.12%	228

Other funds holding PM

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Barrow, Hanley, Mewhinney & Strauss Dallas, Texas $30.5B AUM 29.95% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Absolute Return Capital's PM Position: Q3 2015 in Review

Absolute Return Capital sold out of Philip Morris (PM) in Q3 2015, closing a stake of 167,698 shares — an estimated $13.4M sold.

Absolute Return Capital first reported a position in PM in Q4 2013 and held it in 7 quarters. The position peaked at $48.2M in Q1 2014. 1,400 funds tracked by Wall St. Rank hold PM as of Q3 2015.

Absolute Return Capital reported no remaining Philip Morris position as of Q3 2015 after selling out during the quarter.
Absolute Return Capital sold 167,698 Philip Morris shares in Q3 2015, an estimated $13.4M.
Absolute Return Capital first reported a position in Philip Morris in Q4 2013 and held it in 7 quarters.
Absolute Return Capital's Philip Morris position peaked at $48.2M in Q1 2014.
1,400 funds tracked by Wall St. Rank held Philip Morris as of Q3 2015.

Based on Absolute Return Capital's 13F filing for Q3 2015, filed 13 Nov 2015.