Ray Dalio's PM Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 27,651 shares of Philip Morris International Inc. (PM) worth $4.44 M, representing 0.02% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 33 quarters.
Based on 13F filings, Ray Dalio has maintained a strategic position in PM, demonstrating sustained confidence in this investment. 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
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -126,664 | Reduce 82.08% | 27,651 | $160.40 |
| Q3 2025 | -39,279 | Reduce 20.29% | 154,315 | $162.20 |
| Q2 2025 | +96,346 | Add 99.07% | 193,594 | $182.13 |
| Q1 2025 | -256,197 | Reduce 72.49% | 97,248 | $158.73 |
| Q4 2024 | +209,566 | Add 145.65% | 353,445 | $120.35 |
| Q3 2024 | -139,228 | Reduce 49.18% | 143,879 | $121.40 |
| Q2 2024 | -116,303 | Reduce 29.12% | 283,107 | $101.33 |
| Q1 2024 | -583,837 | Reduce 59.38% | 399,410 | $91.62 |
| Q4 2023 | +97,886 | Add 11.06% | 983,247 | $94.08 |
| Q3 2023 | +70,776 | Add 8.69% | 885,361 | $92.58 |
| Q2 2023 | +367,544 | Add 82.22% | 814,585 | $97.62 |
| Q1 2023 | +173,473 | Add 63.41% | 447,041 | $97.25 |
| Q4 2022 | -140,334 | Reduce 33.91% | 273,568 | $101.21 |
| Q3 2022 | +386,005 | Add 1383.68% | 413,902 | $83.01 |
| Q2 2022 | -599,554 | Reduce 95.55% | 27,897 | $98.76 |
| Q1 2022 | +364,558 | Add 138.67% | 627,451 | $93.94 |
| Q4 2021 | +190,756 | Add 264.44% | 262,893 | $95.00 |
| Q3 2021 | +72,137 | New Buy | 72,137 | $94.79 |
| Q3 2020 | -45,752 | Sold Out | 0 | $0.00 |
| Q2 2020 | -21,695 | Reduce 32.17% | 45,752 | $70.05 |
| Q1 2020 | +67,447 | New Buy | 67,447 | $72.96 |
| Q1 2019 | -49,384 | Sold Out | 0 | $0.00 |
| Q4 2018 | +49,384 | New Buy | 49,384 | $66.76 |
| Q2 2018 | -19,711 | Sold Out | 0 | $0.00 |
| Q1 2018 | +19,711 | New Buy | 19,711 | $99.39 |
| Q4 2017 | -14,901 | Sold Out | 0 | $0.00 |
| Q3 2017 | +14,901 | New Buy | 14,901 | $111.00 |
| Q2 2015 | -9,600 | Sold Out | 0 | $0.00 |
| Q1 2015 | +9,600 | New Buy | 9,600 | $75.31 |
| Q3 2014 | -2,400 | Sold Out | 0 | $0.00 |
| Q2 2014 | +2,400 | New Buy | 2,400 | $84.17 |
| Q3 2013 | -6,000 | Sold Out | 0 | $0.00 |
| Q2 2013 | +6,000 | Add 0.00% | 6,000 | $86.67 |
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 33 quarters since Q2 2013.
Ray Dalio's largest addition to Philip Morris International Inc. (PM) was in Q3 2022, adding 413,902 shares worth $34.36 M.
According to the latest 13F filing for Q4 2025, Ray Dalio's firm, Bridgewater Associates, Lp, owns 27,651 shares of Philip Morris International Inc. (PM), valued at approximately $4.44 M.
As of the Q4 2025 filing, Philip Morris International Inc. (PM) represents approximately 0.02% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings.
Ray Dalio's peak holding in Philip Morris International Inc. (PM) was 983,247 shares, as reported at the end of Q4 2023.