Philip Morris
2,028 hedge funds and large institutions have $113B invested in Philip Morris in 2023 Q3 according to their latest regulatory filings, with 127 funds opening new positions, 773 increasing their positions, 783 reducing their positions, and 109 closing their positions.
17% more first-time investments, than exits
New positions opened: 127 | Existing positions closed: 109
0% less funds holding
Funds holding: 2,033 → 2,028 (-5)
1% less repeat investments, than reductions
Existing positions increased: 773 | Existing positions reduced: 783
5% less capital invested
Capital invested by funds: $118B → $113B (-$5.5B)
1.24% less ownership
Funds ownership: 79.5% → 78.26% (-1.2%)
5% less funds holding in top 10
Funds holding in top 10: 57 → 54 (-3)
33% less call options, than puts
Call options by funds: $643M | Put options by funds: $963M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$414M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$300M |
| 3 |
DCP
D1 Capital Partners
New York
|
+$294M |
| 4 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$281M |
| 5 |
Nuveen
Charlotte,
North Carolina
|
+$225M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.54B |
| 2 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$390M |
| 3 |
Capital International Investors
Los Angeles,
California
|
-$368M |
| 4 |
Viking Global Investors
Stamford,
Connecticut
|
-$297M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$164M |
PM Hedge Fund Activity: Q3 2023 in Review
2,028 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Philip Morris (PM) for Q3 2023, worth a combined $113B — down 4.7% from $118B a quarter earlier.
Buyers outnumbered sellers: 127 funds opened new PM positions and 109 closed out — a net gain of 18 holders — while 773 added to existing stakes and 783 trimmed.
The largest buyer was Invesco, adding an estimated $414M. The largest seller was Cornerstone Advisors, cutting an estimated $2.54B.
- 2,028 institutional investors held Philip Morris (PM) as of Q3 2023, down from 2,033 in Q2 2023.
- Funds reported $113B of Philip Morris stock for Q3 2023, down 4.7% quarter-over-quarter.
- 127 funds opened new Philip Morris positions in Q3 2023 and 109 closed out, a net change of +18 holders.
- The largest Philip Morris buyer in Q3 2023 was Invesco, an estimated $414M added.
- The largest Philip Morris seller in Q3 2023 was Cornerstone Advisors, an estimated $2.54B sold.
Based on aggregated 13F filings for Q3 2023.