International Business Machines Corporation
US ˙ NYSE ˙ US4592001014

SecurityIBM / International Business Machines Corporation
InstitutionFundamentun, Llc
Latest Disclosed Ownership2,418 shares
Latest Disclosed Value $ 586,154
Fundamentun, Llc reports 42.41% decrease in ownership of IBM / International Business Machines Corporation

On April 28, 2026 - Fundamentun, Llc filed a 13F-HR form disclosing ownership of 2,418 shares of International Business Machines Corporation (US:IBM) valued at $586,099 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 20, 2026 disclosing 4,199 shares of International Business Machines Corporation. This represents a change in shares of -42.41% during the quarter. The current value of the position is $739,013 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-28 2026-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,418 -1,781 -42.41 586 -52.89 0.0235
2026-01-20 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,199 1,915 83.84 1,244 93.17 0.0499
2025-11-06 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,284 -1,508 -39.77 644 -42.35 0.0266
2025-07-29 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,792 1,543 68.61 1,118 99.82 0.0512
2025-04-30 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,249 117 5.49 559 19.44 0.0298
2025-01-27 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,132 266 14.26 469 13.59 0.0282
2024-10-17 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,866 1,866 413 0.0288
2024-07-24 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 0 -1,105 -100.00 0 -100.00
2024-04-16 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,105 -2,068 -65.17 211 -59.34 0.0206
2024-01-24 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,173 293 10.17 519 28.47 0.0614
2023-10-24 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,880 185 6.86 404 12.22 0.0604
2023-07-18 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,695 -21 -0.77 361 1.12 0.0553
2023-05-01 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,716 -9,399 -77.58 356 -79.14 0.0599
2023-01-19 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 12,115 -516 -4.09 1,707 13.72 0.3049
2022-10-24 2022-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 12,631 -551 -4.18 1,501 -19.34 0.3034
2022-09-06 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 13,182 334 2.60 1,861 11.37 0.3523
2022-04-26 2022-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 12,848 2,425 23.27 1,671 19.96 0.2775
2022-01-14 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 10,423 694 7.13 1,393 3.03 0.2195
2021-10-19 2021-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 9,729 2,446 33.59 1,352 26.59 0.2351
2021-07-19 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,283 1,045 16.75 1,068 28.52 0.2941
2021-04-27 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 6,238 -2,809 -31.05 831 -27.04 0.2628
2021-01-29 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 9,047 1,530 20.35 1,139 24.48 0.3583
2020-10-29 2020-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,517 1,433 23.55 915 24.49 0.3322
2020-07-28 2020-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 6,084 2,044 50.59 735 64.06 0.3107
2020-05-04 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,040 4,040 448 0.2385
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.