Jeremy Grantham's PM Position Overview
Jeremy Grantham (via Grantham, Mayo, Van Otterloo & Co. LLC) currently holds 13,305 shares of Philip Morris International Inc. (PM) worth $2.16 M, representing 0.01% 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, 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
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +15.86 M | Add 0.00% | 15.86 M | $86.62 |
| Q3 2013 | +353,042 | Add 2.23% | 16.21 M | $86.59 |
| Q4 2013 | +855,976 | Add 5.28% | 17.07 M | $87.13 |
| Q1 2014 | +2.77 M | Add 16.25% | 19.84 M | $81.87 |
| Q2 2014 | +22,209 | Add 0.11% | 19.86 M | $84.31 |
| Q3 2014 | +3.85 M | Add 19.37% | 23.71 M | $83.40 |
| Q4 2014 | -237,538 | Reduce 1.00% | 23.47 M | $81.45 |
| Q1 2015 | -8.33 M | Reduce 35.51% | 15.14 M | $75.33 |
| Q2 2015 | -1.78 M | Reduce 11.77% | 13.36 M | $80.17 |
| Q3 2015 | +981,924 | Add 7.35% | 14.34 M | $79.33 |
| Q4 2015 | -966,277 | Reduce 6.74% | 13.37 M | $87.91 |
| Q1 2016 | -5.18 M | Reduce 38.73% | 8.19 M | $98.11 |
| Q2 2016 | -2.01 M | Reduce 24.52% | 6.18 M | $101.72 |
| Q3 2016 | -920,843 | Reduce 14.89% | 5.26 M | $97.22 |
| Q4 2016 | -1.56 M | Reduce 29.64% | 3.7 M | $91.49 |
| Q1 2017 | -36,613 | Reduce 0.99% | 3.67 M | $112.90 |
| Q2 2017 | -323,506 | Reduce 8.82% | 3.34 M | $117.45 |
| Q3 2017 | -1.24 M | Reduce 37.19% | 2.1 M | $111.01 |
| Q4 2017 | -357,743 | Reduce 17.04% | 1.74 M | $105.65 |
| Q1 2018 | +22,700 | Add 1.30% | 1.76 M | $99.40 |
| Q2 2018 | -181,756 | Reduce 10.30% | 1.58 M | $80.74 |
| Q3 2018 | -6,100 | Reduce 0.39% | 1.58 M | $81.54 |
| Q4 2018 | +45,732 | Add 2.90% | 1.62 M | $66.76 |
| Q1 2019 | -140,849 | Reduce 8.68% | 1.48 M | $88.39 |
| Q2 2019 | -69,961 | Reduce 4.72% | 1.41 M | $78.53 |
| Q3 2019 | +1.16 M | Add 82.35% | 2.57 M | $75.93 |
| Q4 2019 | -118,678 | Reduce 4.61% | 2.46 M | $85.09 |
| Q1 2020 | -494,166 | Reduce 20.12% | 1.96 M | $72.96 |
| Q2 2020 | +22,345 | Add 1.14% | 1.98 M | $70.06 |
| Q3 2020 | +33,402 | Add 1.68% | 2.02 M | $74.99 |
| Q4 2020 | -2.02 M | Sold Out | 2.02 M | $0.00 |
| Q2 2021 | +312,613 | New Buy | 312,613 | $99.11 |
| Q3 2021 | +15,400 | Add 4.93% | 328,013 | $94.79 |
| Q4 2021 | -160,250 | Reduce 48.85% | 167,763 | $95.00 |
| Q1 2022 | -161,763 | Reduce 96.42% | 6,000 | $94.00 |
| Q2 2022 | -6,000 | Sold Out | 6,000 | $0.00 |
| Q1 2023 | +6,900 | New Buy | 6,900 | $97.25 |
| Q2 2023 | +37,886 | Add 549.07% | 44,786 | $97.62 |
| Q3 2023 | +20,527 | Add 45.83% | 65,313 | $92.58 |
| Q4 2023 | -59,458 | Reduce 91.04% | 5,855 | $94.08 |
| Q1 2024 | -5,855 | Sold Out | 5,855 | $0.00 |
| Q3 2024 | +7,633 | New Buy | 7,633 | $121.40 |
| Q4 2024 | -2,275 | Reduce 29.80% | 5,358 | $120.35 |
| Q1 2025 | +17,482 | Add 326.28% | 22,840 | $158.73 |
| Q2 2025 | +12,455 | Add 54.53% | 35,295 | $182.13 |
| Q3 2025 | -21,990 | Reduce 62.30% | 13,305 | $162.20 |
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 50 quarters since Q2 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Jeremy Grantham's largest addition to Philip Morris International Inc. (PM) was in Q2 2013, adding 15,857,175 shares worth $1.37 B. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Jeremy Grantham's firm, Grantham, Mayo, Van Otterloo & Co. LLC, owns 13,305 shares of Philip Morris International Inc. (PM), valued at approximately $2.16 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 0.01% of Jeremy Grantham'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.
Jeremy Grantham's peak holding in Philip Morris International Inc. (PM) was 23,709,135 shares, as reported at the end of Q3 2014. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.