Joel Greenblatt's PM Position Overview
Joel Greenblatt (via Gotham Asset Management, LLC) currently holds 221,278 shares of Philip Morris International Inc. (PM) worth $35.49 M, representing 0.13% 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, Joel Greenblatt has maintained a long-term strategic position in PM, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2015, adding 545,390 shares. Largest reduction occurred in Q2 2015, reducing 530,257 shares.
Analysis based on 13F filings available since 2013 Q2
Joel Greenblatt's Philip Morris International (PM) Holding Value Over Time
Track share changes against reported price movement
Quarterly Philip Morris International (PM) Trades by Joel Greenblatt
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +90,680 | Add 69.43% | 221,278 | $160.40 |
| Q3 2025 | +52,991 | Add 68.28% | 130,598 | $162.20 |
| Q2 2025 | -8,049 | Reduce 9.40% | 77,607 | $182.13 |
| Q1 2025 | -27,930 | Reduce 24.59% | 85,656 | $158.73 |
| Q4 2024 | -5,185 | Reduce 4.37% | 113,586 | $120.35 |
| Q3 2024 | +8,614 | Add 7.82% | 118,771 | $121.40 |
| Q2 2024 | +3,363 | Add 3.15% | 110,157 | $101.33 |
| Q1 2024 | +13,616 | Add 14.61% | 106,794 | $91.62 |
| Q4 2023 | +4,851 | Add 5.49% | 93,178 | $94.08 |
| Q3 2023 | +51,571 | Add 140.31% | 88,327 | $92.58 |
| Q2 2023 | -17,037 | Reduce 31.67% | 36,756 | $97.62 |
| Q1 2023 | +3,252 | Add 6.43% | 53,793 | $97.25 |
| Q4 2022 | -28,256 | Reduce 35.86% | 50,541 | $101.21 |
| Q3 2022 | -7,783 | Reduce 8.99% | 78,797 | $83.01 |
| Q2 2022 | -49,441 | Reduce 36.35% | 86,580 | $98.74 |
| Q1 2022 | +33,698 | Add 32.93% | 136,021 | $93.94 |
| Q4 2021 | +19,683 | Add 23.82% | 102,323 | $95.00 |
| Q3 2021 | +16,321 | Add 24.61% | 82,640 | $94.78 |
| Q2 2021 | -11,331 | Reduce 14.59% | 66,319 | $99.11 |
| Q1 2021 | -5,432 | Reduce 6.54% | 77,650 | $88.74 |
| Q4 2020 | +7,212 | Add 9.51% | 83,082 | $82.79 |
| Q3 2020 | -14,832 | Reduce 16.35% | 75,870 | $74.98 |
| Q2 2020 | -4,700 | Reduce 4.93% | 90,702 | $70.06 |
| Q1 2020 | -314,957 | Reduce 76.75% | 95,402 | $72.96 |
| Q4 2019 | +43,734 | Add 11.93% | 410,359 | $85.09 |
| Q3 2019 | +152,043 | Add 70.86% | 366,625 | $75.93 |
| Q2 2019 | -50,082 | Reduce 18.92% | 214,582 | $78.53 |
| Q1 2019 | -351,373 | Reduce 57.04% | 264,664 | $88.39 |
| Q4 2018 | -75,179 | Reduce 10.88% | 616,037 | $66.76 |
| Q3 2018 | +51,769 | Add 8.10% | 691,216 | $81.54 |
| Q2 2018 | +384,270 | Add 150.59% | 639,447 | $80.74 |
| Q1 2018 | +47,401 | Add 22.81% | 255,177 | $99.40 |
| Q4 2017 | +164,009 | Add 374.73% | 207,776 | $105.65 |
| Q3 2017 | +28,642 | Add 189.37% | 43,767 | $111.02 |
| Q2 2017 | -118,178 | Reduce 88.65% | 15,125 | $117.42 |
| Q1 2017 | -325,574 | Reduce 70.95% | 133,303 | $112.90 |
| Q4 2016 | +458,877 | New Buy | 458,877 | $91.49 |
| Q2 2016 | -45,315 | Sold Out | 0 | $0.00 |
| Q1 2016 | -221,577 | Reduce 83.02% | 45,315 | $98.11 |
| Q4 2015 | -436,857 | Reduce 62.08% | 266,892 | $87.91 |
| Q3 2015 | +545,390 | Add 344.40% | 703,749 | $79.33 |
| Q2 2015 | -530,257 | Reduce 77.00% | 158,359 | $80.17 |
| Q1 2015 | -224,968 | Reduce 24.62% | 688,616 | $75.33 |
| Q4 2014 | +257,167 | Add 39.18% | 913,584 | $81.45 |
| Q3 2014 | +490,796 | Add 296.34% | 656,417 | $83.40 |
| Q2 2014 | -229,972 | Reduce 58.13% | 165,621 | $84.31 |
| Q1 2014 | +247,106 | Add 166.42% | 395,593 | $81.87 |
| Q4 2013 | +111,402 | Add 300.40% | 148,487 | $87.13 |
| Q3 2013 | +29,221 | Add 371.58% | 37,085 | $86.58 |
| Q2 2013 | +7,864 | Add 0.00% | 7,864 | $86.60 |
Joel Greenblatt's Philip Morris International Investment FAQs
Joel Greenblatt first purchased Philip Morris International Inc. (PM) in Q2 2013, acquiring 7,864 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Joel Greenblatt has held Philip Morris International Inc. (PM) for 50 quarters since Q2 2013.
Joel Greenblatt's largest addition to Philip Morris International Inc. (PM) was in Q3 2015, adding 703,749 shares worth $55.83 M.
According to the latest 13F filing for Q4 2025, Joel Greenblatt's firm, Gotham Asset Management, LLC, owns 221,278 shares of Philip Morris International Inc. (PM), valued at approximately $35.49 M.
As of the Q4 2025 filing, Philip Morris International Inc. (PM) represents approximately 0.13% of Joel Greenblatt's publicly disclosed stock portfolio, making it one of their key holdings.
Joel Greenblatt's peak holding in Philip Morris International Inc. (PM) was 913,584 shares, as reported at the end of Q4 2014.