Philip Morris International Inc.
US ˙ NYSE ˙ US7181721090

SecurityPM / Philip Morris International Inc.
InstitutionBoston Partners
Latest Disclosed Ownership5,780,564 shares
Latest Disclosed Value $ 953,188,007
Boston Partners reports 8.58% decrease in ownership of PM / Philip Morris International Inc.

On May 11, 2026 - Boston Partners filed a 13F-HR form disclosing ownership of 5,780,564 shares of Philip Morris International Inc. (US:PM) valued at $955,758,452 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 6,323,070 shares of Philip Morris International Inc.. This represents a change in shares of -8.58% during the quarter. The current value of the position is $1,017,032,430 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)
2026-05-11 2026-03-31 13F PHILIP MORRIS INTL COM 718172109 5,780,564 -542,506 -8.58 953,188 -6.20 0.4267
2026-02-13 2025-12-31 13F PHILIP MORRIS INTL COM 718172109 6,323,070 -696,555 -9.92 1,016,162 -10.58 1.0521
2025-11-13 2025-09-30 13F PHILIP MORRIS INTL COM 718172109 7,019,625 791,681 12.71 1,136,402 0.71 1.1668
2025-08-12 2025-06-30 13F/A-1 PHILIP MORRIS INTL COM 718172109 6,227,944 175 0.00 1,128,388 13.95 1.2531
2025-08-07 2025-06-30 13F PHILIP MORRIS INTL COM 718172109 6,215,017 -12,752 1,126,034 0.5170
2025-05-13 2025-03-31 13F PHILIP MORRIS INTL COM 718172109 6,227,769 21,268 0.34 990,265 32.43 1.1976
2025-02-11 2024-12-31 13F PHILIP MORRIS INTL COM 718172109 6,206,501 376,796 6.46 747,774 5.77 0.9095
2024-11-12 2024-09-30 13F PHILIP MORRIS INTL COM 718172109 5,829,705 5,286 0.09 707,005 19.53 0.8344
2024-08-14 2024-06-30 13F PHILIP MORRIS INTL COM 718172109 5,824,419 -24,977 -0.43 591,495 10.18 0.7348
2024-05-28 2024-03-31 13F/A-1 PHILIP MORRIS INTL COM 718172109 5,849,396 561,016 10.61 536,846 7.99 0.6395
2024-05-13 2024-03-31 13F PHILIP MORRIS INTL COM 718172109 5,849,396 561,016 536,846 0.2657
2024-02-07 2023-12-31 13F PHILIP MORRIS INTL COM 718172109 5,288,380 347,458 7.03 497,136 8.93 0.6584
2023-11-08 2023-09-30 13F PHILIP MORRIS INTL COM 718172109 4,940,922 1,372,520 38.46 456,368 31.12 0.6318
2023-08-10 2023-06-30 13F PHILIP MORRIS INTL COM 718172109 3,568,402 3,299,188 1,225.49 348,046 1,229.13 0.4685
2023-05-09 2023-03-31 13F PHILIP MORRIS INTL COM 718172109 269,214 1,769 0.66 26,187 -3.30 0.0360
2023-02-08 2022-12-31 13F PHILIP MORRIS INTL COM 718172109 267,445 37,393 16.25 27,079 41.67 0.0366
2022-11-09 2022-09-30 13F PHILIP MORRIS INTL COM 718172109 230,052 -6,789 -2.87 19,114 -18.26 0.0280
2022-08-10 2022-06-30 13F PHILIP MORRIS INTL COM 718172109 236,841 -50,183 -17.48 23,385 -13.33 0.0327
2022-05-10 2022-03-31 13F PHILIP MORRIS INTL COM 718172109 287,024 -76,048 -20.95 26,982 -21.79 0.0327
2022-02-04 2021-12-31 13F PHILIP MORRIS INTL COM 718172109 363,072 -29,482 -7.51 34,499 -7.29 0.0416
2021-11-05 2021-09-30 13F PHILIP MORRIS INTL COM 718172109 392,554 -5,373 -1.35 37,213 -5.64 0.0471
2021-08-12 2021-06-30 13F PHILIP MORRIS INTL COM 718172109 397,927 -30,057 -7.02 39,438 3.79 0.0503
2021-05-10 2021-03-31 13F PHILIP MORRIS INTL COM 718172109 427,984 -13,343 -3.02 37,997 4.00 0.0510
2021-02-10 2020-12-31 13F/A-1 PHILIP MORRIS INTL COM 718172109 441,327 -57,782 -11.58 36,537 -2.38 0.0568
2021-02-04 2020-12-31 13F PHILIP MORRIS INTL COM 718172109 441,327 -57,782 36,537 21,920.0283
2020-11-13 2020-09-30 13F/A-1 PHILIP MORRIS INTL COM 718172109 499,109 -6,225 -1.23 37,428 5.71 0.0682
2020-11-09 2020-09-30 13F PHILIP MORRIS INTL COM 718172109 505,334 0 35,405 25,991.4875
2020-08-12 2020-06-30 13F PHILIP MORRIS INTL COM 718172109 505,334 -177,507 -26.00 35,405 -28.92 0.0650
2020-05-13 2020-03-31 13F PHILIP MORRIS INTL COM 718172109 682,841 -258,606 -27.47 49,811 -37.82 0.0989
2020-02-06 2019-12-31 13F/A-1 PHILIP MORRIS INTL COM 718172109 941,447 -157,805 -14.36 80,108 -4.07 0.1060
2020-02-05 2019-12-31 13F PHILIP MORRIS INTL COM 718172109 941,447 -157,805 80,108 45,039.0573
2019-11-20 2019-09-30 13F/A-1 PHILIP MORRIS INTL COM 718172109 1,099,252 808,149 277.62 83,505 265.29 0.1131
2019-11-08 2019-09-30 13F PHILIP MORRIS INTL COM 718172109 296,639 5,536 23,320 0.0308
2019-08-26 2019-06-30 13F/A-1 PHILIP MORRIS INTL COM 718172109 291,103 7,576 2.67 22,860 -8.78 0.0300
2019-08-09 2019-06-30 13F PHILIP MORRIS INTL COM 718172109 291,103 7,576 22,860
2019-05-13 2019-03-31 13F/A-1 PHILIP MORRIS INTL COM 718172109 283,527 242,828 596.64 25,061 822.38 0.0332
2019-05-03 2019-03-31 13F PHILIP MORRIS INTL COM 718172109 283,527 242,828 25,061
2019-02-07 2018-12-31 13F PHILIP MORRIS INTL COM 718172109 40,699 -167,805 -80.48 2,717 -84.02 0.0039
2018-11-14 2018-09-30 13F PHILIP MORRIS INTL COM 718172109 208,504 -112,250 -35.00 17,001 -34.35 0.0198
2018-08-03 2018-06-30 13F PHILIP MORRIS INTL COM 718172109 320,754 12,048 3.90 25,898 -15.60 0.0310
2018-05-04 2018-03-31 13F PHILIP MORRIS INTL COM 718172109 308,706 263,903 589.03 30,685 736.56 0.0370
2014-05-07 2014-03-31 13F PHILIP MORRIS INTL COM 718172109 44,803 -124,987 -73.61 3,668 -75.21 0.0067
2014-02-06 2013-12-31 13F PHILIP MORRIS INTL COM 718172109 169,790 120,524 244.64 14,794 246.79 0.0303
2013-11-12 2013-09-30 13F PHILIP MORRIS INTL COM 718172109 49,266 -3,856 -7.26 4,266 -7.28 0.0103
2013-08-01 2013-06-30 13F PHILIP MORRIS INTL COM 718172109 53,122 53,122 4,601 0.0127
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.