Philip Morris International Inc. (PM) shareholders
PMNYSECigarettesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 23, 2026Score 13/3040% above fair value
$198.96+2.30 (+1.17%)
Close on Nov 13, 2026Market cap $310.11BP/E 29.0Yield 2.83%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
84.0%
1.31B of 1.56B shares
Institutional holders
2,921
223 new, 119 sold out
Net institutional buying
17M
In Q2 2026
Insider trades, 12 months
0 buys · 7 sales
Net sold $28.82M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Capital World Investors | 129,799,196 | 8.30% | 13G (passive) amendment | Mar 31, 2025 |
| Vanguard Capital Management | 116,641,154 | 7.48% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 98,743,351 | 6.40% | 13G (passive) amendment | Dec 31, 2023 |
| Capital Research Global Investors | 79,856,361 | 5.10% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of PM | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Capital World Investors | 133,152,391 | 8.54% | $24.09B | −298,113 | 2.85% |
| BlackRock, Inc. | 108,039,522 | 6.93% | $19.55B | +507,449 | 0.29% |
| Vanguard Capital Management LLC | 101,785,557 | 6.53% | $18.41B | +629,283 | 0.39% |
| Capital Research Global Investors | 84,253,663 | 5.41% | $15.24B | +4,430,638 | 2.13% |
| Capital International Investors | 72,252,261 | 4.64% | $13.07B | −509,051 | 2.70% |
| State Street Corp | 55,569,994 | 3.57% | $10.13B | +536,968 | 0.30% |
| JPMorgan Chase & Co | 48,189,101 | 3.09% | $8.81B | −3,402,096 | 0.49% |
| FMR LLC | 46,521,326 | 2.98% | $8.42B | +1,750,723 | 0.37% |
| GQG Partners LLC | 45,436,985 | 2.92% | $8.22B | −4,668,915 | 15.29% |
| Geode Capital Management, LLC | 39,038,598 | 2.50% | $7.06B | +577,415 | 0.38% |
| Vanguard Portfolio Management LLC | 30,281,680 | 1.94% | $5.48B | +704,227 | 0.25% |
| Morgan Stanley | 25,493,502 | 1.64% | $4.61B | +1,087,798 | 0.24% |
| Franklin Resources Inc | 19,334,764 | 1.24% | $3.50B | +2,720,390 | 0.76% |
| Price T Rowe Associates Inc /Md/ | 19,224,752 | 1.23% | $3.48B | −132,458 | 0.35% |
| Wellington Management Group Llp | 17,506,171 | 1.12% | $3.17B | +650,587 | 0.55% |
| Bank Of America Corp /De/ | 16,998,878 | 1.09% | $3.08B | −231,791 | 0.20% |
| Invesco Ltd. | 16,080,112 | 1.03% | $2.91B | +21,503 | 0.23% |
| Northern Trust Corp | 13,974,918 | 0.90% | $2.53B | −462,305 | 0.29% |
| Charles Schwab Investment Management Inc | 13,649,748 | 0.88% | $2.47B | +100,167 | 0.33% |
| First Eagle Investment Management, LLC | 11,850,936 | 0.76% | $2.14B | +5,958,478 | 1.78% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 2,921 | 1.31B | 84.0% | 223 / 1242 | 1006 / 119 | 57M | 40M |
| Q1 2026 | 2,868 | 1.30B | 83.2% | 212 / 1194 | 1048 / 117 | 224M | 68M |
| Q4 2025 | 2,811 | 1.29B | 82.6% | 308 / 1104 | 1001 / 169 | 73M | 115M |
| Q3 2025 | 2,736 | 1.33B | 85.4% | 149 / 1110 | 1048 / 211 | 112M | 48M |
| Q2 2025 | 2,847 | 1.27B | 81.3% | 283 / 1127 | 1025 / 118 | 69M | 60M |
| Q1 2025 | 2,711 | 1.26B | 80.8% | 347 / 1015 | 971 / 115 | 83M | 63M |
| Q4 2024 | 2,519 | 1.25B | 80.3% | 317 / 1000 | 829 / 106 | 64M | 74M |
| Q3 2024 | 2,349 | 1.27B | 81.2% | 251 / 857 | 882 / 98 | 157M | 56M |
| Q2 2024 | 2,219 | 1.26B | 81.1% | 200 / 839 | 858 / 100 | 72M | 110M |
| Q1 2024 | 2,152 | 1.30B | 83.7% | 145 / 819 | 884 / 120 | 60M | 51M |
| Q4 2023 | 2,152 | 1.30B | 83.1% | 241 / 712 | 866 / 88 | 124M | 45M |
| Q3 2023 | 2,030 | 1.22B | 78.1% | 129 / 775 | 784 / 110 | 48M | 65M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
1,177 funds held PM in Q2 2026, 29% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of PM | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 49,479,464 | 3.17% | $8.95B | 0.39% | Jun 30, 2026 |
| Washington Mutual Investors Fund | 42,257,864 | 2.71% | $8.06B | 3.70% | Jul 31, 2026 |
| Vanguard 500 Index Fund | 40,389,720 | 2.59% | $7.31B | 0.44% | Jun 30, 2026 |
| American Funds Fundamental Investors | 36,344,499 | 2.33% | $6.58B | 3.63% | Jun 30, 2026 |
| American Balanced Fund | 36,158,865 | 2.32% | $6.54B | 2.27% | Jun 30, 2026 |
| Investment Co of America | 23,508,328 | 1.51% | $4.25B | 2.31% | Jun 30, 2026 |
| iShares Core S&P 500 ETF | 21,438,576 | 1.38% | $3.88B | 0.44% | Jun 30, 2026 |
| Capital Income Builder | 20,132,320 | 1.29% | $3.84B | 2.94% | Jul 31, 2026 |
| American Mutual Fund | 19,997,923 | 1.28% | $3.82B | 3.24% | Jul 31, 2026 |
| Fidelity 500 Index Fund | 19,920,868 | 1.28% | $3.53B | 0.42% | May 31, 2026 |
| Goldman Sachs GQG Partners International Opportunities Fund | 18,617,471 | 1.19% | $3.55B | 6.57% | Jul 31, 2026 |
| Income Fund of America | 18,553,469 | 1.19% | $3.54B | 2.39% | Jul 31, 2026 |
| Capital World Growth & Income Fund | 17,333,189 | 1.11% | $3.07B | 1.93% | May 31, 2026 |
| Growth Fund of America | 16,199,211 | 1.04% | $2.87B | 0.80% | May 31, 2026 |
| Vanguard Value Index Fund | 14,835,203 | 0.95% | $2.68B | 1.05% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Jacek Olczak | Group CEO PMI, Director | 632,344 | 0.04% | Feb 20, 2026 |
| Massimo Andolina | Group Chief Financial Officer | 71,588 | 0.00% | Aug 3, 2026 |
| Reginaldo Dobrowolski | Group Controller | 28,414 | 0.00% | Mar 9, 2026 |
| Wilde Frederic De | CEO PMI International | 133,513 | 0.01% | Feb 20, 2026 |
| Emmanuel Babeau | Group Chief Financial Officer | 164,463 | 0.01% | Feb 20, 2026 |
| Yann Guerin | Group Chief Legal Officer | 34,412 | 0.00% | Feb 20, 2026 |
| Stacey Kennedy | CEO PMI U.S. | 45,301 | 0.00% | Feb 20, 2026 |
| Mindaugas Trumpaitis | President Combustibles Cat. | 73,002 | 0.00% | Jun 9, 2025 |
| Lars Dahlgren | Pres. Smoke-Free Oral Products | 26,828 | 0.00% | Mar 7, 2025 |
| Vasileios Gkatzelis | Pres. E.A., Aus., and PMI DF | 22,481 | 0.00% | Feb 21, 2025 |
| Werner Barth | Pr.Combusibles&GlobalComb.Mktg | 106,244 | 0.01% | Feb 21, 2025 |
| Stefano Volpetti | Pr.SmokeFree&ChiefCons.Officer | 117,380 | 0.01% | Feb 21, 2025 |
| Werner Geissler | Director | 98,356 | 0.01% | May 8, 2026 |
| Bonin Bough | Director | 11,297 | 0.00% | May 8, 2026 |
| Andre Calantzopoulos | Director | 987,194 | 0.06% | May 8, 2026 |
| Victoria D. Harker | Director | 4,537 | 0.00% | May 8, 2026 |
| Michel Combes | Director | 11,643 | 0.00% | May 8, 2026 |
| Shlomo Yanai | Director | 10,120 | 0.00% | May 8, 2026 |
| Robert Polet | Director | 29,765 | 0.00% | May 8, 2026 |
| Lisa Hook | Director | 20,060 | 0.00% | May 8, 2026 |
| Kalpana Morparia | Director | 28,236 | 0.00% | May 8, 2026 |
| Dessislava Temperley | Director | 7,756 | 0.00% | May 9, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Kalpana Morparia Director | May 6, 2026 | Award | +1,119 | $169.93 | $190.15K | 28,236 |
| Michel Combes Director | May 6, 2026 | Award | +1,119 | $169.93 | $190.15K | 11,643 |
| Robert Polet Director | May 6, 2026 | Award | +1,119 | $169.93 | $190.15K | 29,765 |
| Shlomo Yanai Director | May 6, 2026 | Award | +1,119 | $169.93 | $190.15K | 10,120 |
| Bonin Bough Director | May 6, 2026 | Award | +1,119 | $169.93 | $190.15K | 11,297 |
| Victoria D. Harker Director | May 6, 2026 | Award | +1,119 | $169.93 | $190.15K | 4,537 |
| Werner Geissler Director | May 6, 2026 | Award | +1,119 | $169.93 | $190.15K | 98,356 |
| Andre Calantzopoulos Director | May 6, 2026 | Award | +1,119 | $169.93 | $190.15K | 588,782 |
| Lisa Hook Director | May 6, 2026 | Award | +1,119 | $169.93 | $190.15K | 20,060 |
| Reginaldo Dobrowolski Group Controller | Mar 6, 2026 | Tax withholding | −22 | $169.98 | $3.74K | 7,232 |
| Reginaldo Dobrowolski Group Controller | Feb 20, 2026 | Sale | −1,000 | $183.58 | $183.58K | 7,254 |
| Reginaldo Dobrowolski Group Controller | Feb 20, 2026 | Sale | −5,000 | $183.46 | $917.30K | 21,182 |
| Stacey Kennedy CEO PMI U.S. | Feb 20, 2026 | Sale | −14,350 | $183.13 | $2.63M | 45,301 |
| Wilde Frederic De CEO PMI International | Feb 19, 2026 | Sale | −20,000 | $182.58 | $3.65M | 133,513 |
| Emmanuel Babeau Group Chief Financial Officer | Feb 19, 2026 | Sale | −33,800 | $181.61 | $6.14M | 164,463 |
| Yann Guerin Group Chief Legal Officer | Feb 19, 2026 | Sale | −4,000 | $181.69 | $726.76K | 34,412 |
| Jacek Olczak Group CEO PMI, Director | Feb 19, 2026 | Sale | −80,000 | $182.18 | $14.57M | 632,344 |
| Reginaldo Dobrowolski Group Controller | Feb 18, 2026 | Tax withholding | −40 | $182.67 | $7.31K | 8,254 |
| Reginaldo Dobrowolski Group Controller | Feb 18, 2026 | Tax withholding | −210 | $182.67 | $38.36K | 26,182 |
| Andre Calantzopoulos Director | Feb 18, 2026 | Tax withholding | −14,740 | $182.67 | $2.69M | 587,663 |
| Wilde Frederic De CEO PMI International | Feb 18, 2026 | Tax withholding | −1,000 | $182.67 | $182.67K | 153,513 |
| Emmanuel Babeau Group Chief Financial Officer | Feb 18, 2026 | Tax withholding | −2,228 | $182.67 | $406.99K | 198,263 |
| Stacey Kennedy CEO PMI U.S. | Feb 18, 2026 | Tax withholding | −4,324 | $182.67 | $789.87K | 59,651 |
| Yann Guerin Group Chief Legal Officer | Feb 18, 2026 | Tax withholding | −176 | $182.67 | $32.15K | 38,412 |
| Jacek Olczak Group CEO PMI, Director | Feb 18, 2026 | Tax withholding | −6,121 | $182.67 | $1.12M | 712,344 |
| Wilde Frederic De CEO PMI International | Feb 6, 2026 | Award | +10,640 | $172.93 | $1.84M | 154,513 |
| Jacek Olczak Group CEO PMI, Director | Feb 6, 2026 | Award | +33,460 | $172.93 | $5.79M | 718,465 |
| Stacey Kennedy CEO PMI U.S. | Feb 6, 2026 | Award | +4,430 | $172.93 | $766.08K | 63,975 |
| Emmanuel Babeau Group Chief Financial Officer | Feb 6, 2026 | Award | +11,340 | $172.93 | $1.96M | 200,491 |
| Reginaldo Dobrowolski Group Controller | Feb 6, 2026 | Award | +740 | $172.93 | $127.97K | 8,294 |
| Reginaldo Dobrowolski Group Controller | Feb 6, 2026 | Award | +1,960 | $172.93 | $338.94K | 26,392 |
| Yann Guerin Group Chief Legal Officer | Feb 6, 2026 | Award | +5,050 | $172.93 | $873.30K | 38,588 |
| Wilde Frederic De CEO PMI International | Feb 5, 2026 | Award | +22,439 | – | – | 143,873 |
| Jacek Olczak Group CEO PMI, Director | Feb 5, 2026 | Award | +137,579 | – | – | 685,005 |
| Stacey Kennedy CEO PMI U.S. | Feb 5, 2026 | Award | +11,780 | – | – | 59,545 |
| Emmanuel Babeau Group Chief Financial Officer | Feb 5, 2026 | Award | +50,046 | – | – | 189,151 |
| Reginaldo Dobrowolski Group Controller | Feb 5, 2026 | Award | +3,838 | – | – | 24,432 |
| Yann Guerin Group Chief Legal Officer | Feb 5, 2026 | Award | +3,230 | – | – | 33,538 |
| Andre Calantzopoulos Director | Feb 5, 2026 | Award | +40,052 | – | – | 602,403 |
| Bonin Bough Director | May 7, 2025 | Award | +1,002 | $174.82 | $175.17K | 9,834 |
| Dessislava Temperley Director | May 7, 2025 | Award | +1,002 | $174.82 | $175.17K | 7,756 |
| Michel Combes Director | May 7, 2025 | Award | +1,002 | $174.82 | $175.17K | 10,204 |
| Lisa Hook Director | May 7, 2025 | Award | +1,002 | $174.82 | $175.17K | 18,303 |
| Victoria D. Harker Director | May 7, 2025 | Award | +1,002 | $174.82 | $175.17K | 3,418 |
| Robert Polet Director | May 7, 2025 | Award | +1,002 | $174.82 | $175.17K | 28,646 |
| Kalpana Morparia Director | May 7, 2025 | Award | +1,002 | $174.82 | $175.17K | 27,117 |
| Andre Calantzopoulos Director | May 7, 2025 | Award | +1,002 | $174.82 | $175.17K | 562,351 |
| Shlomo Yanai Director | May 7, 2025 | Award | +1,002 | $174.82 | $175.17K | 8,759 |
| Werner Geissler Director | May 7, 2025 | Award | +1,002 | $174.82 | $175.17K | 94,416 |
| Lars Dahlgren Pres. Smoke-Free Oral Products | Mar 6, 2025 | Sale | −3,679 | $152.96 | $562.74K | 26,828 |
| Massimo Andolina President, Europe Region | Feb 24, 2025 | Sale | −17,500 | $156.05 | $2.73M | 86,737 |
| Yann Guerin SVP & General Counsel | Feb 20, 2025 | Sale | −2,500 | $151.28 | $378.20K | 30,308 |
| Werner Barth Pr.Combusibles&GlobalComb.Mktg | Feb 20, 2025 | Sale | −10,000 | $148.67 | $1.49M | 106,244 |
| Andre Calantzopoulos Director | Feb 20, 2025 | Sale | −40,643 | $149.06 | $6.06M | 561,349 |
| Emmanuel Babeau Chief Financial Officer | Feb 20, 2025 | Sale | −30,000 | $148.85 | $4.47M | 139,105 |
| Jacek Olczak Chief Executive Officer, Director | Feb 20, 2025 | Sale | −40,000 | $148.87 | $5.95M | 547,426 |
| Yann Guerin SVP & General Counsel | Feb 19, 2025 | Tax withholding | −193 | $148.74 | $28.71K | 32,808 |
| Reginaldo Dobrowolski Vice President and Controller | Feb 19, 2025 | Tax withholding | −205 | $148.74 | $30.49K | 20,594 |
| Reginaldo Dobrowolski Vice President and Controller | Feb 19, 2025 | Tax withholding | −42 | $148.74 | $6.25K | 7,554 |
| Werner Barth Pr.Combusibles&GlobalComb.Mktg | Feb 19, 2025 | Tax withholding | −791 | $148.74 | $117.65K | 116,244 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
0.96%
15M shares short
Days to cover
3.2
At 5M shares a day
Change since last report
-14.0%
From 17M shares
Short volume, 20 days
38.6%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Philip Morris International's stock actually held short. Settlement fails (shares not delivered on time) peaked at 29,667 shares on Sep 18, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Cristina Harumi Oka Dobrowolski Member of immediate family of any of the foregoing | Feb 20, 2026 | 1,000 | $183.58K | Feb 20, 2026 | Vested Restricted Award |
| Reginaldo Dobrowolski Officer | Feb 20, 2026 | 5,000 | $917.30K | Feb 20, 2026 | Vested Restricted Award |
| Stacey Kennedy Officer | Feb 20, 2026 | 14,350 | $2.63M | Feb 20, 2026 | Vested Restricted Award |
| Emmanuel Babeau Officer | Feb 19, 2026 | 33,800 | $6.14M | Feb 19, 2026 | Vested Restricted Award |
| Jacek Olczak Officer | Feb 19, 2026 | 80,000 | $14.57M | Feb 19, 2026 | Vested Performance Award |
| Wilde Frederic De Officer | Feb 19, 2026 | 20,000 | $3.65M | Feb 19, 2026 | Vested Performance Award |
| Yann Guerin Officer | Feb 19, 2026 | 4,000 | $726.72K | Feb 19, 2026 | Vested Restricted Award |
| Lars Dahlgren Officer | Mar 6, 2025 | 3,679 | $562.74K | Mar 6, 2025 | Vested RSU |
| Massimo Andolina Officer | Feb 24, 2025 | 17,500 | $2.73M | Feb 24, 2025 | Vested PSU Award |
| Jacek Olczak Officer | Feb 20, 2025 | 40,000 | $5.95M | Feb 20, 2025 | Vested PSU Award |
| Andre Calantzopoulos Director | Feb 20, 2025 | 40,643 | $6.06M | Feb 20, 2025 | Vested PSU Award |
| Emmanuel Babeau Officer | Feb 20, 2025 | 30,000 | $4.47M | Feb 20, 2025 | Vested PSU Award |
| Werner Barth Officer | Feb 20, 2025 | 10,000 | $1.49M | Feb 20, 2025 | Vested PSU Award |
| Yann Guerin Officer | Feb 20, 2025 | 2,500 | $378.18K | Feb 20, 2025 | Vested PSU Award |
| Reginaldo Dobrowolski Officer | Feb 12, 2025 | 5,000 | $749.40K | Feb 12, 2025 | Vested RSU |
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