Fundsmith Investment Services’s Philip Morris PM Stock Holding History

Fundsmith Investment Services’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
2026 Q2	$171M	Sell	944,396 -733,323	-44%	-$127M	3.78%	16
2026 Q1	$277M	Sell	1,677,719 -414,082	-20%	-$72M	6.3%	7
2025 Q4	$336M	Sell	2,091,801 -142,339	-6%	-$22.1M	6.14%	9
2025 Q3	$362M	Sell	2,234,140 -556,767	-20%	-$93.7M	5.65%	10
2025 Q2	$508M	Sell	2,790,907 -649,488	-19%	-$112M	6.88%	4
2025 Q1	$546M	Sell	3,440,395 -168,481	-5%	-$23.9M	7.71%	4
2024 Q4	$434M	Sell	3,608,876 -210,929	-6%	-$26.6M	5.65%	7
2024 Q3	$464M	Sell	3,819,805 -804,712	-17%	-$93.5M	5.77%	6
2024 Q2	$469M	Buy	4,624,517 +219,811	+5%	+$21.5M	6.05%	5
2024 Q1	$404M	Hold	4,404,706	–	–	5.36%	7
2023 Q4	$414M	Sell	4,404,706 -66,757	-1%	-$6.15M	5.99%	6
2023 Q3	$414M	Buy	4,471,463 +64,586	+1%	+$6.22M	6.44%	5
2023 Q2	$430M	Hold	4,406,877	–	–	6.27%	5
2023 Q1	$429M	Hold	4,406,877	–	–	6.6%	4
2022 Q4	$446M	Hold	4,406,877	–	–	7.42%	2
2022 Q3	$366M	Hold	4,406,877	–	–	6.33%	2
2022 Q2	$435M	Buy	4,406,877 +368,568	+9%	+$37.6M	7.25%	2
2022 Q1	$379M	Buy	+4,038,309	New	+$404M	5.2%	5

Other funds holding PM

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Capital Research Global Investors Los Angeles, California $717B AUM 35.42% 1-Year Est. Return

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

GQG Partners Ft. Lauderdale, Florida $53.8B AUM 19.23% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Fundsmith Investment Services's PM Position: Q2 2026 in Review

Fundsmith Investment Services reduced its Philip Morris (PM) stake by 44% in Q2 2026, selling an estimated $127M and leaving 944,396 shares worth $171M. The position accounts for 3.78% of the portfolio, ranked #16.

Fundsmith Investment Services first reported a position in PM in Q1 2022 and has held it in 18 quarters since. The position peaked at $546M in Q1 2025. 2,912 funds tracked by Wall St. Rank hold PM as of Q2 2026.

Fundsmith Investment Services held 944,396 shares of Philip Morris worth $171M as of Q2 2026.
Fundsmith Investment Services sold 733,323 Philip Morris shares in Q2 2026, an estimated $127M.
Philip Morris made up 3.78% of Fundsmith Investment Services's portfolio in Q2 2026, its #16 holding.
Fundsmith Investment Services first reported a position in Philip Morris in Q1 2022 and has held it in 18 quarters since.
Fundsmith Investment Services's Philip Morris position peaked at $546M in Q1 2025.
2,912 funds tracked by Wall St. Rank held Philip Morris as of Q2 2026.

Based on Fundsmith Investment Services's 13F filing for Q2 2026, filed 14 Aug 2026.