National Bank of Canada’s Philip Morris PM Stock Holding History

National Bank of Canada’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 Q1	$248M	Sell	1,501,531 -458,769	-23%	-$79.7M	0.22%	80
2025 Q4	$314M	Buy	1,960,300 +602,396	+44%	+$93.3M	0.29%	65
2025 Q3	$220M	Sell	1,357,904 -288,177	-18%	-$48.5M	0.22%	93
2025 Q2	$300M	Sell	1,646,081 -492,156	-23%	-$84.5M	0.28%	68
2025 Q1	$339M	Buy	2,138,237 +630,740	+42%	+$89.3M	0.36%	54
2024 Q4	$181M	Sell	1,507,497 -435,963	-22%	-$55M	0.19%	103
2024 Q3	$236M	Buy	1,943,460 +1,200,636	+162%	+$140M	0.27%	71
2024 Q2	$75.2M	Sell	742,824 -127,702	-15%	-$12.5M	0.1%	165
2024 Q1	$86.8M	Sell	870,526 -722,232	-45%	-$66.6M	0.13%	139
2023 Q4	$152M	Sell	1,592,758 -1,610,891	-50%	-$148M	0.24%	93
2023 Q3	$293M	Buy	3,203,649 +2,921,136	+1,034%	+$281M	0.45%	47
2023 Q2	$27.8M	Sell	282,513 -638,752	-69%	-$61M	0.05%	284
2023 Q1	$89.6M	Buy	921,265 +364,977	+66%	+$36.4M	0.22%	93
2022 Q4	$56.3M	Buy	556,288 +287,713	+107%	+$27.2M	0.14%	121
2022 Q3	$22.4M	Sell	268,575 -30,132	-10%	-$2.87M	0.12%	194
2022 Q2	$29.5M	Buy	298,707 +156,036	+109%	+$15.9M	0.13%	173
2022 Q1	$13.6M	Buy	142,671 +110,903	+349%	+$11.1M	0.04%	389
2021 Q4	$3.04M	Buy	+31,768	New	+$2.97M	0.01%	701

Other funds holding PM

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

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

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

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

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

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

GQG Partners Ft. Lauderdale, Florida $63.1B AUM 23.07% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

National Bank of Canada's PM Position: Q1 2026 in Review

National Bank of Canada reduced its Philip Morris (PM) stake by 23% in Q1 2026, selling an estimated $79.7M and leaving 1,501,531 shares worth $248M. The position accounts for 0.22% of the portfolio, ranked #80.

National Bank of Canada first reported a position in PM in Q4 2021 and has held it in 18 quarters since. The position peaked at $339M in Q1 2025. 2,856 funds tracked by Wall St. Rank hold PM as of Q1 2026.

National Bank of Canada held 1,501,531 shares of Philip Morris worth $248M as of Q1 2026.
National Bank of Canada sold 458,769 Philip Morris shares in Q1 2026, an estimated $79.7M.
Philip Morris made up 0.22% of National Bank of Canada's portfolio in Q1 2026, its #80 holding.
National Bank of Canada first reported a position in Philip Morris in Q4 2021 and has held it in 18 quarters since.
National Bank of Canada's Philip Morris position peaked at $339M in Q1 2025.
2,856 funds tracked by Wall St. Rank held Philip Morris as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.