Ray Dalio's PM Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 154,315 shares of Philip Morris International Inc. (PM) worth $25.03 M, representing 0.10% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 50 quarters.
Based on 13F filings since 2013, Ray Dalio has maintained a long-term strategic position in PM, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2022, adding 386,005 shares. Largest reduction occurred in Q2 2022, reducing 599,554 shares.
Analysis based on 13F filings available since 2013 Q2
Ray Dalio's Philip Morris International (PM) Holding Value Over Time
Track share changes against reported price movement
Quarterly Philip Morris International (PM) Trades by Ray Dalio
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +6,001 | Add 0.00% | 6,000 | $86.67 |
| Q3 2013 | -6,000 | Sold Out | 6,000 | $0.00 |
| Q2 2014 | +2,400 | New Buy | 2,400 | $84.17 |
| Q3 2014 | -2,400 | Sold Out | 2,400 | $0.00 |
| Q1 2015 | +9,600 | New Buy | 9,600 | $75.31 |
| Q2 2015 | -9,600 | Sold Out | 9,600 | $0.00 |
| Q3 2017 | +14,901 | New Buy | 14,901 | $111.00 |
| Q4 2017 | -14,901 | Sold Out | 14,901 | $0.00 |
| Q1 2018 | +19,711 | New Buy | 19,711 | $99.39 |
| Q2 2018 | -19,711 | Sold Out | 19,711 | $0.00 |
| Q4 2018 | +49,384 | New Buy | 49,384 | $66.76 |
| Q1 2019 | -49,384 | Sold Out | 49,384 | $0.00 |
| Q1 2020 | +67,447 | New Buy | 67,447 | $72.96 |
| Q2 2020 | -21,695 | Reduce 32.17% | 45,752 | $70.05 |
| Q3 2020 | -45,752 | Sold Out | 45,752 | $0.00 |
| Q3 2021 | +72,137 | New Buy | 72,137 | $94.79 |
| Q4 2021 | +190,756 | Add 264.44% | 262,893 | $95.00 |
| Q1 2022 | +364,558 | Add 138.67% | 627,451 | $93.94 |
| Q2 2022 | -599,554 | Reduce 95.55% | 27,897 | $98.76 |
| Q3 2022 | +386,005 | Add 1383.68% | 413,902 | $83.01 |
| Q4 2022 | -140,334 | Reduce 33.91% | 273,568 | $101.21 |
| Q1 2023 | +173,473 | Add 63.41% | 447,041 | $97.25 |
| Q2 2023 | +367,544 | Add 82.22% | 814,585 | $97.62 |
| Q3 2023 | +70,776 | Add 8.69% | 885,361 | $92.58 |
| Q4 2023 | +97,886 | Add 11.06% | 983,247 | $94.08 |
| Q1 2024 | -583,837 | Reduce 59.38% | 399,410 | $91.62 |
| Q2 2024 | -116,303 | Reduce 29.12% | 283,107 | $101.33 |
| Q3 2024 | -139,228 | Reduce 49.18% | 143,879 | $121.40 |
| Q4 2024 | +209,566 | Add 145.65% | 353,445 | $120.35 |
| Q1 2025 | -256,197 | Reduce 72.49% | 97,248 | $158.73 |
| Q2 2025 | +96,346 | Add 99.07% | 193,594 | $182.13 |
| Q3 2025 | -39,279 | Reduce 20.29% | 154,315 | $162.20 |
Ray Dalio's Philip Morris International Investment FAQs
Ray Dalio first purchased Philip Morris International Inc. (PM) in Q2 2013, acquiring 6,000 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio has held Philip Morris International Inc. (PM) for 50 quarters since Q2 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio's largest addition to Philip Morris International Inc. (PM) was in Q3 2022, adding 413,902 shares worth $34.36 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Ray Dalio's firm, Bridgewater Associates, Lp, owns 154,315 shares of Philip Morris International Inc. (PM), valued at approximately $25.03 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Philip Morris International Inc. (PM) represents approximately 0.10% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio's peak holding in Philip Morris International Inc. (PM) was 983,247 shares, as reported at the end of Q4 2023. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.