PM

PM PHILIP MORRIS INTERNATIONAL

2026Q2 · CUSIP 718172109 · Sector: Consumer

Piling in

Net holder growth ranks near the top of the market

Funds that own it
2,943
Institutions that reported holding it to the SEC
Net increase in holders
+66
Last quarter 2,877 → now 2,943
How unusual is that
Top 10%
Stronger buying than 95% of US stocks
What the filings say, in one paragraph

2,943 funds held PM at the end of 2026Q2, up 66 from the quarter before. That is stronger buying than 94.7% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $43.1B(YoY +7.9%), the P/E is 29.5x. PM has had 29 buying rushes in its history, and the price moved +1.5% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Consumer sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=1303 2013Q4: holders=1397 2014Q1: holders=1381 2014Q2: holders=1380 2014Q3: holders=1362 2014Q4: holders=1426 2015Q1: holders=1402 2015Q2: holders=1409 2015Q3: holders=1398 2015Q4: holders=1462 2016Q1: holders=1512 2016Q2: holders=1535 2016Q3: holders=1519 2016Q4: holders=1550 2017Q1: holders=1616 2017Q2: holders=1645 2017Q3: holders=1637 2017Q4: holders=1739 2018Q1: holders=1752 2018Q2: holders=1663 2018Q3: holders=1626 2018Q4: holders=1666 2019Q1: holders=1733 2019Q2: holders=1670 2019Q3: holders=1668 2019Q4: holders=1823 2020Q1: holders=1683 2020Q2: holders=1657 2020Q3: holders=1680 2020Q4: holders=1806 2021Q1: holders=1829 2021Q2: holders=1854 2021Q3: holders=1850 2021Q4: holders=1968 2022Q1: holders=1988 2022Q2: holders=1984 2022Q3: holders=1944 2022Q4: holders=2043 2023Q1: holders=2050 2023Q2: holders=2032 2023Q3: holders=2035 2023Q4: holders=2151 2024Q1: holders=2152 2024Q2: holders=2217 2024Q3: holders=2347 2024Q4: holders=2521 2025Q1: holders=2709 2025Q2: holders=2845 2025Q3: holders=2740 2025Q4: holders=2823 2026Q1: holders=2877 2026Q2: holders=2943 -188 -94 +0 +94 +188 117221323091 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 29 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 10% — —
2026Q1 Top 5% -4.0% -3.9%
2025Q4 Top 5% -11.8% +3.7%
2025Q2 Top 1% in the market -3.4% -5.8%
2025Q1 Top 1% in the market +4.1% -1.8%
2024Q4 Top 5% +6.0% +14.3%
2024Q3 Top 1% in the market -6.3% +18.5%
2024Q2 Top 5% +3.3% +9.8%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
357
Change in large funds
+39
Total value they hold
$237.0B
Funds buying for the first time
230
Funds that sold out entirely
164
Price change that quarter
-2.8%
Funds holding puts (bearish)
36
Funds holding calls (bullish)
36

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
29.5
EPS (TTM)
$6.84
EPS YoY
+23.7%
Revenue (TTM)
$43.1B
Revenue YoY
+7.9%
Net margin
24.8%
ROE
—
Debt ratio
108.9%
FCF (TTM)
$13.6B
Dividend (TTM)
$6.01
Quarterly Revenue & EPS
2021-12-31: EPS 1.34 2022-03-31: EPS 1.50 2022-06-30: EPS 1.43 2022-09-30: EPS 1.34 2022-12-31: EPS 1.54 2023-03-31: EPS 1.28 2023-06-30: EPS 1.01 2023-09-30: EPS 1.32 2023-12-31: EPS 1.41 2024-03-31: EPS 1.38 2024-06-30: EPS 1.54 2024-09-30: EPS 1.97 2024-12-31: EPS -0.37 2025-03-31: EPS 1.72 2025-06-30: EPS 1.95 2025-09-30: EPS 2.23 2025-12-31: EPS 1.36 2026-03-31: EPS 1.56 2026-06-30: EPS 1.80 2026-09-30: EPS 2.12 0B 5.7B 11.4B $B -0.41 1.02 2.45 201720182019202020212022202320242025202609/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 19 13 24 35 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-1.2B1.5B4.3B 20162017201820192020202120222023202420252026
Latest quarter $-752M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-09-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.