Philip Morris
1,364 hedge funds and large institutions have $91B invested in Philip Morris in 2014 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 524 increasing their positions, 575 reducing their positions, and 65 closing their positions.
0.33% more ownership
Funds ownership: 68.83% → 69.16% (+0.33%)
1% less capital invested
Capital invested by funds: $91.7B → $91B (-$775M)
9% less call options, than puts
Call options by funds: $573M | Put options by funds: $626M
9% less repeat investments, than reductions
Existing positions increased: 524 | Existing positions reduced: 575
2% less funds holding
Funds holding: 1,385 → 1,364 (-21)
10% less funds holding in top 10
Funds holding in top 10: 68 → 61 (-7)
17% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 65
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$325M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$255M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$95.2M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$77.6M |
| 5 |
JP Morgan Chase
New York
|
+$77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$183M |
| 2 |
MG
Meritage Group
San Francisco,
California
|
-$153M |
| 3 |
Goldman Sachs
New York
|
-$136M |
| 4 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$107M |
| 5 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$107M |
PM Hedge Fund Activity: Q3 2014 in Review
1,364 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Philip Morris (PM) for Q3 2014, worth a combined $91B — down 0.84% from $91.7B a quarter earlier.
Sellers outnumbered buyers: 65 funds closed out of PM and 54 opened new positions — a net loss of 11 holders — while 575 trimmed existing stakes and 524 added.
The largest buyer was Grantham, Mayo, Van Otterloo & Co (GMO), adding an estimated $325M. The largest seller was Bank of New York Mellon, cutting an estimated $183M.
- 1,364 institutional investors held Philip Morris (PM) as of Q3 2014, down from 1,385 in Q2 2014.
- Funds reported $91B of Philip Morris stock for Q3 2014, down 0.84% quarter-over-quarter.
- 54 funds opened new Philip Morris positions in Q3 2014 and 65 closed out, a net change of -11 holders.
- The largest Philip Morris buyer in Q3 2014 was Grantham, Mayo, Van Otterloo & Co (GMO), an estimated $325M added.
- The largest Philip Morris seller in Q3 2014 was Bank of New York Mellon, an estimated $183M sold.
Based on aggregated 13F filings for Q3 2014.