Philip Morris
1,385 hedge funds and large institutions have $91.7B invested in Philip Morris in 2014 Q2 according to their latest regulatory filings, with 70 funds opening new positions, 501 increasing their positions, 585 reducing their positions, and 61 closing their positions.
15% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 61
15% more call options, than puts
Call options by funds: $726M | Put options by funds: $632M
3% more capital invested
Capital invested by funds: $89.2B → $91.7B (+$2.54B)
0.12% more ownership
Funds ownership: 68.71% → 68.83% (+0.12%)
0% more funds holding
Funds holding: 1,385 → 1,385 (0)
9% less funds holding in top 10
Funds holding in top 10: 75 → 68 (-7)
14% less repeat investments, than reductions
Existing positions increased: 501 | Existing positions reduced: 585
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$316M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$270M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$267M |
| 4 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$214M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$183M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$658M |
| 2 |
State Street
Boston,
Massachusetts
|
-$414M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$238M |
| 4 |
JP Morgan Chase
New York
|
-$143M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$115M |
PM Hedge Fund Activity: Q2 2014 in Review
1,385 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Philip Morris (PM) for Q2 2014, worth a combined $91.7B — up 2.8% from $89.2B a quarter earlier.
Buyers outnumbered sellers: 70 funds opened new PM positions and 61 closed out — a net gain of 9 holders — while 501 added to existing stakes and 585 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $316M. The largest seller was Waddell & Reed Financial, cutting an estimated $658M.
- 1,385 institutional investors held Philip Morris (PM) as of Q2 2014, unchanged from Q1 2014.
- Funds reported $91.7B of Philip Morris stock for Q2 2014, up 2.8% quarter-over-quarter.
- 70 funds opened new Philip Morris positions in Q2 2014 and 61 closed out, a net change of +9 holders.
- The largest Philip Morris buyer in Q2 2014 was Arrowstreet Capital, an estimated $316M added.
- The largest Philip Morris seller in Q2 2014 was Waddell & Reed Financial, an estimated $658M sold.
Based on aggregated 13F filings for Q2 2014.