International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionFinancial Advisory Service, Inc.
Latest Disclosed Ownership7,512 shares
Latest Disclosed Value $ 2,225,034
Financial Advisory Service, Inc. reports 0.37% increase in ownership of IBM / International Business Machines Corporation

On February 18, 2026 - Financial Advisory Service, Inc. filed a 13F-HR form disclosing ownership of 7,512 shares of International Business Machines Corporation (MX:IBM) valued at $2,225,034 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 29, 2025 disclosing 7,484 shares of International Business Machines Corporation. This represents a change in shares of 0.37% 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)
2026-02-18 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,512 28 0.37 2,225 5.40 0.1438
2025-10-29 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,484 -226 -2.93 2,112 -7.09 0.1430
2025-08-14 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,710 -65 -0.84 2,273 17.54 0.1681
2025-05-05 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,775 -220 -2.75 1,933 10.02 0.1577
2025-02-14 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,995 -13 -0.16 1,758 -0.73 0.1476
2024-10-17 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,008 -33 -0.41 1,770 27.34 0.1408
2024-07-29 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,041 65 0.81 1,391 -8.73 0.1202
2024-04-29 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,976 394 5.20 1,523 22.82 0.1350
2024-01-23 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,582 457 6.41 1,240 24.12 0.1178
2023-10-23 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,125 -1,509 -17.48 1,000 -13.51 0.1069
2023-08-08 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,634 -226 -2.55 1,155 -0.52 0.1461
2023-05-11 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,860 208 2.40 1,161 -4.76 0.1259
2023-02-01 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,652 -370 -4.10 1,219 13.71 0.1381
2022-10-20 2022-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 9,022 697 8.37 1,072 -8.77 0.1190
2022-08-02 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,325 896 12.06 1,175 21.64 0.1237
2022-05-04 2022-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,429 -61 -0.81 966 -3.50 0.0909
2022-02-11 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,490 -316 -4.05 1,001 -7.74 0.0919
2021-11-15 2021-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,806 341 4.57 1,085 -0.82 0.1016
2021-07-29 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,465 -27 -0.36 1,094 9.62 0.1027
2021-05-17 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,492 378 5.31 998 11.38 0.1039
2021-02-10 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,114 -306 -4.12 896 -0.78 0.1019
2020-11-16 2020-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,420 -1,260 -14.52 903 -13.84 0.1234
2020-07-21 2020-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,680 759 9.58 1,048 19.23 0.1544
2020-05-14 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,921 5,007 171.83 879 124.81 0.1537
2020-01-31 2019-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,914 15 0.52 391 -7.35 0.0658
2019-11-06 2019-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,899 146 5.30 422 11.05 0.0765
2019-07-25 2019-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,753 121 4.60 380 2.43 0.0708
2019-05-13 2019-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,632 -89 -3.27 371 20.06 0.0724
2019-02-08 2018-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,721 18 0.67 309 -24.45 0.0707
2018-11-05 2018-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,703 206 8.25 409 17.19 0.0931
2018-07-26 2018-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,497 -1,019 -28.98 349 -35.25 0.0938
2018-05-02 2018-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,516 -477 -11.95 539 -12.07 0.1554
2018-01-29 2017-12-31 13F INTERNATIONAL BUSINESS M COM 459200101 3,993 -42 -1.04 613 4.79 0.1610
2017-10-19 2017-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,035 486 13.69 585 7.14 0.1632
2017-08-01 2017-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,549 938 35.92 546 20.00 0.1627
2017-05-08 2017-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,611 -51 -1.92 455 2.94 0.1405
2017-02-07 2016-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,662 114 4.47 442 9.14 0.1310
2016-11-01 2016-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,548 6 0.24 405 4.92 0.1326
2016-08-09 2016-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,542 71 2.87 386 3.21 0.1425
2016-05-03 2016-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,471 146 6.28 374 16.88 0.1921
2016-01-22 2015-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,325 4 0.17 320 -4.76 0.1599
2015-10-20 2015-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,321 1,092 88.85 336 68.00 0.1935
2015-08-14 2015-06-30 13F INTERNATIONAL BUSINESS MACH COM 459200101 1,229 -307 -19.99 200 -19.03 0.1001
2015-04-17 2015-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,536 1,536 0.00 247 0.1261
2015-01-28 2014-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 0 -1,724 -100.00 0 -100.00
2014-10-30 2014-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,724 -54 -3.04 327 1.55 0.1876
2014-07-16 2014-06-30 13F International Business Machines COM 459200101 1,778 2 0.11 322 -5.85 0.1853
2014-04-25 2014-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,776 157 9.70 342 12.50 0.2320
2014-01-24 2013-12-31 13F International Business Machines COM 459200101 1,619 1,619 304 0.1807
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.