What smart money is saying about Philip Morris International Inc
1 fund in our archive has pitched Philip Morris International Inc — most recently Artisan Value Income Strategy in December 2025.
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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Position history
Between Q4 2025 and Q3 2026, 6 fund letters reported a position in Philip Morris International Inc — 1 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 4 | 1 | 0 | 0 |
| Q1 2026 | 1 | 0 | 1 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Fund activity · 6 positions · 2 moves
- July 2026
“In July, Amalthea gained 6.54% net whilst the MSCI ACWI (in $A) fell by 1.55%. Performance in the long book was led by Regeneron, with DSM Firmenich, Amazon, Visa and Philip Morris also providing meaningful contributions.”
Philip Morris International Inc - June 2026
“We have held Philip Morris since inception.”
Philip Morris International Inc - June 2026
Listed in Artisan Partners Value Equity Strategy’s reported holdings.
Philip Morris International Inc - June 2026
“Seven new positions were added to the strategy in the second quarter. Philip Morris was added to the portfolio as the company continues to benefit from an increasing percentage of revenue from smoke free products and improved margins.”
Philip Morris International Inc - May 2026
“The FDA renewed the modified risk authorization for five IQOS products on April 17, allowing Philip Morris International to continue marketing IQOS in the United States with reduced-exposure claims.”
Philip Morris International Inc - TrimmedBroyhill AMMarch 2026
“During the quarter, we booked a portion of our gains on Phillip Morris and fully liquidated several positions.”
Philip Morris International Inc
Fund coverage · 1 thesis
- Artisan Value Income StrategyDecember 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.
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