Jeremy Grantham's PM Position Overview
Jeremy Grantham (via Grantham, Mayo, Van Otterloo & Co. LLC) currently holds 775,917 shares of Philip Morris International Inc. (PM) worth $140.37 M, representing 0.32% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 48 quarters.
Based on 13F filings since 2013, Jeremy Grantham has maintained a long-term strategic position in PM, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2014, adding 3.85 M shares. Largest reduction occurred in Q1 2015, reducing 8.33 M shares.
Analysis based on 13F filings available since 2013 Q2
Jeremy Grantham's Philip Morris International (PM) Holding Value Over Time
Track share changes against reported price movement
Quarterly Philip Morris International (PM) Trades by Jeremy Grantham
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2026 | +775,917 | New Buy | 775,917 | $180.91 |
| Q4 2025 | -13,305 | Sold Out | 0 | $0.00 |
| Q3 2025 | -21,990 | Reduce 62.30% | 13,305 | $162.20 |
| Q2 2025 | +12,455 | Add 54.53% | 35,295 | $182.13 |
| Q1 2025 | +17,482 | Add 326.28% | 22,840 | $158.73 |
| Q4 2024 | -2,275 | Reduce 29.80% | 5,358 | $120.35 |
| Q3 2024 | +7,633 | New Buy | 7,633 | $121.40 |
| Q1 2024 | -5,855 | Sold Out | 0 | $0.00 |
| Q4 2023 | -59,458 | Reduce 91.04% | 5,855 | $94.08 |
| Q3 2023 | +20,527 | Add 45.83% | 65,313 | $92.58 |
| Q2 2023 | +37,886 | Add 549.07% | 44,786 | $97.62 |
| Q1 2023 | +6,900 | New Buy | 6,900 | $97.25 |
| Q2 2022 | -6,000 | Sold Out | 0 | $0.00 |
| Q1 2022 | -161,763 | Reduce 96.42% | 6,000 | $94.00 |
| Q4 2021 | -160,250 | Reduce 48.85% | 167,763 | $95.00 |
| Q3 2021 | +15,400 | Add 4.93% | 328,013 | $94.79 |
| Q2 2021 | +312,613 | New Buy | 312,613 | $99.11 |
| Q4 2020 | -2.02 M | Sold Out | 0 | $0.00 |
| Q3 2020 | +33,402 | Add 1.68% | 2.02 M | $74.99 |
| Q2 2020 | +22,345 | Add 1.14% | 1.98 M | $70.06 |
| Q1 2020 | -494,166 | Reduce 20.12% | 1.96 M | $72.96 |
| Q4 2019 | -118,678 | Reduce 4.61% | 2.46 M | $85.09 |
| Q3 2019 | +1.16 M | Add 82.35% | 2.57 M | $75.93 |
| Q2 2019 | -69,961 | Reduce 4.72% | 1.41 M | $78.53 |
| Q1 2019 | -140,849 | Reduce 8.68% | 1.48 M | $88.39 |
| Q4 2018 | +45,732 | Add 2.90% | 1.62 M | $66.76 |
| Q3 2018 | -6,100 | Reduce 0.39% | 1.58 M | $81.54 |
| Q2 2018 | -181,756 | Reduce 10.30% | 1.58 M | $80.74 |
| Q1 2018 | +22,700 | Add 1.30% | 1.76 M | $99.40 |
| Q4 2017 | -357,743 | Reduce 17.04% | 1.74 M | $105.65 |
| Q3 2017 | -1.24 M | Reduce 37.19% | 2.1 M | $111.01 |
| Q2 2017 | -323,506 | Reduce 8.82% | 3.34 M | $117.45 |
| Q1 2017 | -36,613 | Reduce 0.99% | 3.67 M | $112.90 |
| Q4 2016 | -1.56 M | Reduce 29.64% | 3.7 M | $91.49 |
| Q3 2016 | -920,843 | Reduce 14.89% | 5.26 M | $97.22 |
| Q2 2016 | -2.01 M | Reduce 24.52% | 6.18 M | $101.72 |
| Q1 2016 | -5.18 M | Reduce 38.73% | 8.19 M | $98.11 |
| Q4 2015 | -966,277 | Reduce 6.74% | 13.37 M | $87.91 |
| Q3 2015 | +981,924 | Add 7.35% | 14.34 M | $79.33 |
| Q2 2015 | -1.78 M | Reduce 11.77% | 13.36 M | $80.17 |
| Q1 2015 | -8.33 M | Reduce 35.51% | 15.14 M | $75.33 |
| Q4 2014 | -237,538 | Reduce 1.00% | 23.47 M | $81.45 |
| Q3 2014 | +3.85 M | Add 19.37% | 23.71 M | $83.40 |
| Q2 2014 | +22,209 | Add 0.11% | 19.86 M | $84.31 |
| Q1 2014 | +2.77 M | Add 16.25% | 19.84 M | $81.87 |
| Q4 2013 | +855,976 | Add 5.28% | 17.07 M | $87.13 |
| Q3 2013 | +353,042 | Add 2.23% | 16.21 M | $86.59 |
| Q2 2013 | +15.86 M | Add 0.00% | 15.86 M | $86.62 |
Jeremy Grantham's Philip Morris International Investment FAQs
Jeremy Grantham first purchased Philip Morris International Inc. (PM) in Q2 2013, acquiring 15,857,175 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Jeremy Grantham has held Philip Morris International Inc. (PM) for 48 quarters since Q2 2013.
Jeremy Grantham's largest addition to Philip Morris International Inc. (PM) was in Q2 2013, adding 15,857,175 shares worth $1.37 B.
According to the latest 13F filing for Q2 2026, Jeremy Grantham's firm, Grantham, Mayo, Van Otterloo & Co. LLC, owns 775,917 shares of Philip Morris International Inc. (PM), valued at approximately $140.37 M.
As of the Q2 2026 filing, Philip Morris International Inc. (PM) represents approximately 0.32% of Jeremy Grantham's publicly disclosed stock portfolio, making it one of their key holdings.
Jeremy Grantham's peak holding in Philip Morris International Inc. (PM) was 23,709,135 shares, as reported at the end of Q3 2014.