Philip Morris
2,152 hedge funds and large institutions have $112B invested in Philip Morris in 2024 Q1 according to their latest regulatory filings, with 144 funds opening new positions, 817 increasing their positions, 883 reducing their positions, and 118 closing their positions.
26% more call options, than puts
Call options by funds: $511M | Put options by funds: $407M
22% more first-time investments, than exits
New positions opened: 144 | Existing positions closed: 118
0% more funds holding
Funds holding: 2,150 → 2,152 (+2)
7% less repeat investments, than reductions
Existing positions increased: 817 | Existing positions reduced: 883
3.16% less ownership
Funds ownership: 81.54% → 78.37% (-3.2%)
6% less capital invested
Capital invested by funds: $119B → $112B (-$7.54B)
18% less funds holding in top 10
Funds holding in top 10: 55 → 45 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$644M |
| 2 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$539M |
| 3 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$338M |
| 4 |
Viking Global Investors
Stamford,
Connecticut
|
+$313M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$248M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.55B |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$1.06B |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$454M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$271M |
| 5 |
Fayez Sarofim & Co
Houston,
Texas
|
-$186M |
PM Hedge Fund Activity: Q1 2024 in Review
2,152 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Philip Morris (PM) for Q1 2024, worth a combined $112B — down 6.3% from $119B a quarter earlier.
Buyers outnumbered sellers: 144 funds opened new PM positions and 118 closed out — a net gain of 26 holders — while 817 added to existing stakes and 883 trimmed.
The largest buyer was Franklin Resources, adding an estimated $644M. The largest seller was Morgan Stanley, cutting an estimated $5.55B.
- 2,152 institutional investors held Philip Morris (PM) as of Q1 2024, up from 2,150 in Q4 2023.
- Funds reported $112B of Philip Morris stock for Q1 2024, down 6.3% quarter-over-quarter.
- 144 funds opened new Philip Morris positions in Q1 2024 and 118 closed out, a net change of +26 holders.
- The largest Philip Morris buyer in Q1 2024 was Franklin Resources, an estimated $644M added.
- The largest Philip Morris seller in Q1 2024 was Morgan Stanley, an estimated $5.55B sold.
Based on aggregated 13F filings for Q1 2024.