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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.

New
Increased
Maintained
Reduced
Closed

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: 1,3851,364 (-21)

10% less funds holding in top 10

Funds holding in top 10: 6861 (-7)

17% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 65

Holders
1,364
Holders Change
-21
Holders Change %
-1.52%
% of All Funds
39.56%
Holding in Top 10
61
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-10.29%
% of All Funds
1.77%
New
54
Increased
524
Reduced
575
Closed
65
Calls
$573M
Puts
$626M
Net Calls
-$53.4M
Net Calls Change
-$147M
Name Holding Trade Value Shares
Change
Change in
Stake
AC
101
Alleghany Corporation
New York
$116M +$507K +6,000 +0.4%
ClearBridge Investments
102
ClearBridge Investments
New York
$116M -$4.58M -54,204 -4%
USSCPF
103
United States Steel & Carnegie Pension Fund
New York
$115M
Flossbach Von Storch
104
Flossbach Von Storch
Germany
$113M +$50.6M +598,500 +79%
SO
105
STRS Ohio
Ohio
$112M -$7.61M -90,000 -6%
TD Asset Management
106
TD Asset Management
Ontario, Canada
$110M +$461K +5,453 +0.4%
NFA
107
Nationwide Fund Advisors
Ohio
$108M -$34.5M -407,448 -24%
RJA
108
Raymond James & Associates
Florida
$105M +$29.7M +350,691 +39%
Renaissance Technologies
109
Renaissance Technologies
New York
$105M -$84.7M -1,001,000 -44%
SB
110
Suntrust Banks
Georgia
$104M -$4.35M -51,471 -4%
Diamond Hill Capital Management
111
Diamond Hill Capital Management
Ohio
$103M +$6.19M +73,238 +6%
CNB
112
City National Bank
California
$102M +$8.18M +96,760 +9%
Canada Life
113
Canada Life
Manitoba, Canada
$101M +$2.38M +28,131 +2%
T
114
Thomaspartners
Massachusetts
$100M +$10.9M +128,430 +12%
Chevy Chase Trust
115
Chevy Chase Trust
Maryland
$99.8M +$5.47M +64,690 +6%
Ninety One (UK)
116
Ninety One (UK)
United Kingdom
$99.7M -$660K -7,805 -0.6%
Hotchkis & Wiley Capital Management
117
Hotchkis & Wiley Capital Management
California
$98.3M -$10.1M -119,551 -9%
ACI
118
AMP Capital Investors
Australia
$98M +$2.9M +34,309 +3%
EA
119
Euclid Advisors
Connecticut
$97.3M +$11.2M +132,440 +13%
Ohio Public Employees Retirement System (OPERS)
120
Ohio Public Employees Retirement System (OPERS)
Ohio
$97M -$4.78M -56,467 -5%
Teacher Retirement System of Texas
121
Teacher Retirement System of Texas
Texas
$94.1M +$478K +5,654 +0.5%
AQR Capital Management
122
AQR Capital Management
Connecticut
$93.1M +$77.6M +917,908 +462%
M&T Bank
123
M&T Bank
New York
$93M +$68.4M +808,229 +263%
Credit Agricole
124
Credit Agricole
France
$91.6M -$3.73M -44,105 -4%
FMI
125
Factory Mutual Insurance
Massachusetts
$91.2M -$2.1M -24,800 -2%

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.