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What smart money is saying about Philip Morris International IncUnited States flag

PM · Consumer Defensive · Tobacco · Market cap $239.61B

1 fund in our archive has pitched Philip Morris International Inc — most recently Artisan Value Income Strategy in December 2025.

Company profile

Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products that are sold in markets outside the United States. The company offers its smoke-free products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, Parliament HeatSticks, and TEREA brands, as well as the KT&G-licensed brands, Fiit, and Miix. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. In addition, the company owns various cigarette brands, such as Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia; and Fortune and Jackpot in the Philippines. The company sells its smoke-free products in 71 markets. Philip Morris International Inc. was incorporated in 1987 and is headquartered in New York, New York.

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Letters

Fund activity · 2 positions

  • HoldsFundsmith Equity Fund
    June 2026
    We have held Philip Morris since inception.
    Read the letterPhilip Morris International Inc
  • HoldsArtisan Partners Value Equity Strategy
    June 2026

    Listed in Artisan Partners Value Equity Strategy’s reported holdings.

    Read the letterPhilip Morris International Inc

Fund coverage · 1 thesis

  • Artisan Value Income Strategy
    December 2025

    Philip Morris International is shifting to smoke-free products like IQOS and Zyn, leveraging global scale for growth—especially in the US—while trading at an undemanding valuation with strong economics.

    Read the full thesis

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