Murray Stahl's PM Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 19,851 shares of Philip Morris International Inc. (PM) worth $3.18 M, representing 0.04% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 51 quarters.
Based on 13F filings since 2013, Murray Stahl has maintained a long-term strategic position in PM, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2024, adding 15,630 shares. Largest reduction occurred in Q1 2014, reducing 123,725 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Philip Morris International (PM) Holding Value Over Time
Track share changes against reported price movement
Quarterly Philip Morris International (PM) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -1,163 | Reduce 5.53% | 19,851 | $160.40 |
| Q3 2025 | -14,200 | Reduce 40.32% | 21,014 | $162.20 |
| Q2 2025 | -3,080 | Reduce 8.04% | 35,214 | $182.13 |
| Q4 2024 | -50 | Reduce 0.13% | 38,294 | $120.35 |
| Q3 2024 | +15,630 | Add 68.81% | 38,344 | $121.40 |
| Q2 2024 | -150 | Reduce 0.66% | 22,714 | $101.33 |
| Q4 2023 | +120 | Add 0.53% | 22,864 | $94.08 |
| Q3 2023 | -200 | Reduce 0.87% | 22,744 | $92.58 |
| Q1 2023 | +100 | Add 0.44% | 22,944 | $97.25 |
| Q4 2022 | +1,100 | Add 5.06% | 22,844 | $101.21 |
| Q3 2022 | -46 | Reduce 0.21% | 21,744 | $83.01 |
| Q2 2022 | -593 | Reduce 2.65% | 21,790 | $98.76 |
| Q1 2022 | -50 | Reduce 0.22% | 22,383 | $93.96 |
| Q4 2021 | +125 | Add 0.56% | 22,433 | $94.99 |
| Q3 2021 | -645 | Reduce 2.81% | 22,308 | $94.81 |
| Q2 2021 | -650 | Reduce 2.75% | 22,953 | $99.12 |
| Q1 2021 | -750 | Reduce 3.08% | 23,603 | $88.76 |
| Q4 2020 | -283 | Reduce 1.15% | 24,353 | $82.78 |
| Q3 2020 | +2,364 | Add 10.61% | 24,636 | $74.97 |
| Q2 2020 | -9,682 | Reduce 30.30% | 22,272 | $70.04 |
| Q1 2020 | +300 | Add 0.95% | 31,954 | $72.95 |
| Q4 2019 | -900 | Reduce 2.76% | 31,654 | $85.08 |
| Q3 2019 | +249 | Add 0.77% | 32,554 | $75.94 |
| Q2 2019 | +550 | Add 1.73% | 32,305 | $78.53 |
| Q1 2019 | +1,498 | Add 4.95% | 31,755 | $88.40 |
| Q4 2018 | -750 | Reduce 2.42% | 30,257 | $66.76 |
| Q3 2018 | +600 | Add 1.97% | 31,007 | $81.53 |
| Q2 2018 | -254 | Reduce 0.83% | 30,407 | $80.74 |
| Q1 2018 | -848 | Reduce 2.69% | 30,661 | $99.41 |
| Q4 2017 | +667 | Add 2.16% | 31,509 | $105.65 |
| Q3 2017 | -4 | Reduce 0.01% | 30,842 | $111.02 |
| Q2 2017 | +190 | Add 0.62% | 30,846 | $117.45 |
| Q1 2017 | -450 | Reduce 1.45% | 30,656 | $112.90 |
| Q4 2016 | -202 | Reduce 0.65% | 31,106 | $91.49 |
| Q2 2016 | -277 | Reduce 0.88% | 31,308 | $101.73 |
| Q1 2016 | -794 | Reduce 2.45% | 31,585 | $98.12 |
| Q4 2015 | -551 | Reduce 1.67% | 32,379 | $87.90 |
| Q3 2015 | +4,320 | Add 15.10% | 32,930 | $79.32 |
| Q2 2015 | -810 | Reduce 2.75% | 28,610 | $80.18 |
| Q1 2015 | -1,339 | Reduce 4.35% | 29,420 | $75.32 |
| Q4 2014 | -1,844 | Reduce 5.66% | 30,759 | $81.44 |
| Q3 2014 | +950 | Add 3.00% | 32,603 | $83.40 |
| Q2 2014 | -1,599 | Reduce 4.81% | 31,653 | $84.32 |
| Q1 2014 | -123,725 | Reduce 78.82% | 33,252 | $81.86 |
| Q4 2013 | -6,657 | Reduce 4.07% | 156,977 | $87.13 |
| Q3 2013 | +7,445 | Add 4.77% | 163,634 | $86.59 |
| Q2 2013 | +156,190 | Add 0.00% | 156,189 | $86.62 |
Murray Stahl's Philip Morris International Investment FAQs
Murray Stahl first purchased Philip Morris International Inc. (PM) in Q2 2013, acquiring 156,189 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl has held Philip Morris International Inc. (PM) for 51 quarters since Q2 2013.
Murray Stahl's largest addition to Philip Morris International Inc. (PM) was in Q2 2013, adding 156,189 shares worth $13.53 M.
According to the latest 13F filing for Q4 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 19,851 shares of Philip Morris International Inc. (PM), valued at approximately $3.18 M.
As of the Q4 2025 filing, Philip Morris International Inc. (PM) represents approximately 0.04% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in Philip Morris International Inc. (PM) was 163,634 shares, as reported at the end of Q3 2013.