International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionEthic Inc.
Latest Disclosed Ownership126,485 shares
Latest Disclosed Value $ 30,658,678
Ethic Inc. reports 0.26% increase in ownership of IBM / International Business Machines Corporation

On April 27, 2026 - Ethic Inc. filed a 13F-HR form disclosing ownership of 126,485 shares of International Business Machines Corporation (MX:IBM) valued at $30,658,678 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 3, 2026 disclosing 126,162 shares of International Business Machines Corporation. This represents a change in shares of 0.26% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-27 2026-03-31 13F INTL BUSINESS MACHINES COM 459200101 126,485 323 0.26 30,659 -17.96 0.4801
2026-02-03 2025-12-31 13F INTL BUSINESS MACHINES COM 459200101 126,162 4,385 3.60 37,370 8.76 0.5747
2025-10-17 2025-09-30 13F INTL BUSINESS MACHINES COM 459200101 121,777 -9,643 -7.34 34,361 -9.75 0.5654
2025-07-30 2025-06-30 13F INTL BUSINESS MACHINES COM 459200101 131,420 3,262 2.55 38,072 18.67 0.6819
2025-05-13 2025-03-31 13F INTL BUSINESS MACHINES COM 459200101 128,158 4,820 3.91 32,083 18.33 0.6500
2025-02-14 2024-12-31 13F INTL BUSINESS MACHINES COM 459200101 123,338 9,256 8.11 27,113 24.46 0.5471
2024-11-13 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 114,082 -12,475 -9.86 21,785 -0.47 0.5505
2024-08-13 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 126,557 12,475 10.94 21,888 0.47 0.5133
2024-05-13 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 114,082 -12,422 -9.82 21,785 5.30 0.5504
2024-02-14 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 126,504 7,479 6.28 20,690 23.89 0.6120
2023-11-14 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 119,025 13,283 12.56 16,699 18.02 0.5859
2023-08-14 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 105,742 1,198 1.15 14,149 3.25 0.5246
2023-05-12 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 104,544 8,382 8.72 13,705 1.15 0.5560
2023-02-14 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 96,162 39,492 69.69 13,548 101.22 0.7319
2022-11-14 2022-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 56,670 1,228 2.21 6,733 -13.99 0.4570
2022-08-10 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 55,442 10,298 22.81 7,828 33.36 0.5456
2022-05-16 2022-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 45,144 8,186 22.15 5,870 18.83 0.4052
2022-02-14 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 36,958 5,691 18.20 4,940 13.72 0.3809
2021-11-15 2021-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 31,267 2,683 9.39 4,344 3.68 0.4446
2021-08-10 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 28,584 8,805 44.52 4,190 58.95 0.5079
2021-05-13 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 19,779 9,425 91.03 2,636 102.30 0.4699
2021-02-10 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 10,354 932 9.89 1,303 13.70 0.3445
2020-10-27 2020-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 9,422 1,232 15.04 1,146 15.87 0.4382
2020-08-12 2020-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,190 1,946 31.17 989 42.71 0.5628
2020-05-15 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 6,244 1,117 21.79 693 0.87 0.5786
2020-05-22 2019-12-31 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 5,127 5,127 687 0.5239
2020-02-13 2019-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,538 608 0.5240
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.