International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionGWM Advisors LLC
Latest Disclosed Ownership121,998 shares
Latest Disclosed Value $ 18,100,227
GWM Advisors LLC reports 67.83% decrease in ownership of IBM / International Business Machines Corporation

On May 15, 2026 - GWM Advisors LLC filed a 13F-HR form disclosing ownership of 121,998 shares of International Business Machines Corporation (MX:IBM) valued at $18,100,227 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 18, 2026 disclosing 379,255 shares of International Business Machines Corporation. This represents a change in shares of -67.83% 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)
2026-05-15 2026-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 121,998 -257,257 -67.83 18,100 -83.89 0.8380
2026-02-18 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 379,255 20,146 5.61 112,339 10.87 0.4076
2025-11-17 2025-09-30 13F INTL BUSINESS Common Stock 459200101 359,109 38,341 11.95 101,326 7.16 0.4606
2025-08-14 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 320,768 20,884 6.96 94,556 26.80 0.4875
2025-05-15 2025-03-31 13F INTL BUSINESS Common Stock 459200101 299,884 24,860 9.04 74,569 23.34 0.4430
2025-02-13 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 275,024 158,670 136.37 60,458 135.03 0.3633
2024-11-14 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 116,354 8,830 8.21 25,723 38.33 0.1668
2024-08-16 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 107,524 25,401 30.93 18,597 18.58 0.1354
2024-05-14 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 82,123 11,126 15.67 15,682 31.68 0.1368
2024-02-13 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 70,997 19,028 36.61 11,909 63.34 0.1131
2023-11-14 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 51,969 5,630 12.15 7,291 17.60 0.0801
2023-08-14 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 46,339 97 0.21 6,201 4.64 0.0701
2023-05-12 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 46,242 -2,129 -4.40 5,925 54.62 0.0741
2023-02-14 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 48,371 8,849 22.39 3,832 -18.38 0.1034
2022-11-14 2022-09-30 13F INTL BUSINESS COM 459200101 39,522 -5,160 -11.55 4,695 -25.57 0.0771
2022-08-09 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 44,682 7,909 21.51 6,308 31.94 0.1045
2022-05-13 2022-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 36,773 -82 -0.22 4,781 -2.94 0.0769
2022-02-17 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 36,855 23,256 171.01 4,926 160.77 0.0743
2021-10-29 2021-09-30 13F INTL BUSINESS Common Stock 459200101 13,599 985 7.81 1,889 2.16 0.0467
2021-07-22 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 12,614 145 1.16 1,849 11.32 0.0492
2021-04-26 2021-03-31 13F INTL BUSINESS Common Stock 459200101 12,469 10 0.08 1,661 5.93 0.0495
2021-01-27 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 12,459 -21,745 -63.57 1,568 -62.33 0.0514
2020-11-03 2020-09-30 13F INTL BUSINESS Common Stock 459200101 34,204 -1,907 -5.28 4,162 -4.56 0.1447
2020-07-29 2020-06-30 13F INTERNATIONAL BUSINESS MACHS Common Stock 459200101 36,111 11,545 47.00 4,361 60.04 0.1704
2020-05-04 2020-03-31 13F INTL BUSINESS COM 459200101 24,566 -5,873 -19.29 2,725 -33.21 0.1313
2020-01-31 2019-12-31 13F INTL BUSINESS Common Stock 459200101 30,439 8,851 41.00 4,080 39.20 0.1623
2019-11-06 2019-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 21,588 17,690 453.82 2,931 445.81 0.1302
2019-08-05 2019-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,898 117 3.09 537 0.75 0.0329
2019-05-14 2019-03-31 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 3,781 -119 -3.05 533 20.32 0.0344
2019-01-28 2018-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,900 -1,488 -27.62 443 -45.64 0.0285
2018-10-29 2018-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 5,388 -443 -7.60 815 -0.12 0.0626
2018-07-19 2018-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 5,831 83 1.44 816 -5.45 0.0745
2018-05-11 2018-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 5,748 505 9.63 863 0.70 0.0986
2018-02-08 2017-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 5,243 1,134 27.60 857 41.65 0.1159
2017-11-13 2017-09-30 13F INTL BUSINESS Common Stock 459200101 4,109 -1,866 -31.23 605 -33.95 0.0940
2017-08-17 2017-06-30 13F/A-1 INTL BUSINESS Common Stock 459200101 5,975 4,039 208.63 917 171.81 0.1575
2017-08-16 2017-06-30 13F SOUTHERN Common Stock 459200101 5,975 4,039 917
2017-05-09 2017-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,936 -148 -7.10 337 -4.80 0.0766
2017-02-02 2016-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,084 -121 -5.49 354 1.14 0.0982
2017-01-18 2016-09-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 2,205 169 8.30 350 13.27 0.1104
2016-10-20 2016-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,241 350
2016-07-14 2016-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,036 2,036 0.00 309 0.1278
2015-05-11 2015-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 0 -4,953 -100.00 0 -100.00
2015-02-17 2014-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,953 4,953 795 0.6161
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.