Philip Morris
      
      
    
  1,650 hedge funds and large institutions have $91.4B invested in Philip Morris in 2018 Q2 according to their latest regulatory filings, with 95 funds opening new positions, 622 increasing their positions, 730 reducing their positions, and 173 closing their positions.
New
  Increased
  Maintained
  Reduced
  Closed
  more ownership
Funds ownership: →
less funds holding
Funds holding: →
less repeat investments, than reductions
Existing positions increased: | Existing positions reduced:
less capital invested
Capital invested by funds: $ → $
20% less call options, than puts
Call options by funds: $618M | Put options by funds: $775M
34% less funds holding in top 10
Funds holding in top 10: 65 → 43 (-22)
45% less first-time investments, than exits
New positions opened: 95 | Existing positions closed: 173
    
      Holders
    
  
  
    
      
        
      
        1,650
      
    
      
    
  
    
      Holding in Top 10
    
  
  
    
      
        
      
        43
      
    
      
    
  
    
      Calls
    
  
  
    
      
        
      
        $618M
      
    
      
    
  
    
      Puts
    
  
  
    
      
        
      
        $775M
      
    
      
    
  
Top Buyers
| 1 | +$1.83B | |
| 2 | +$454M | |
| 3 | +$373M | |
| 4 | 
      Morgan Stanley
     
      
      
        New York
      
     | +$354M | 
| 5 | 
      Invesco
     
      
        Atlanta,
      
      
        Georgia
      
     | +$324M | 
Top Sellers
| 1 | -$820M | |
| 2 | -$609M | |
| 3 | -$509M | |
| 4 | 
      Capital Research Global Investors
     
      
        Los Angeles,
      
      
        California
      
     | -$479M | 
| 5 | 
      Arrowstreet Capital
     
      
        Boston,
      
      
        Massachusetts
      
     | -$261M |