International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionHowland Capital Management Llc
Latest Disclosed Ownership15,784 shares
Latest Disclosed Value $ 3,825,865
Howland Capital Management Llc reports 1.62% decrease in ownership of IBM / International Business Machines Corporation

On April 14, 2026 - Howland Capital Management Llc filed a 13F-HR form disclosing ownership of 15,784 shares of International Business Machines Corporation (MX:IBM) valued at $3,825,865 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 16,044 shares of International Business Machines Corporation. This represents a change in shares of -1.62% 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)
2026-04-14 2026-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 15,784 -260 -1.62 3,826 -19.51 0.1512
2026-02-12 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 16,044 -161 -0.99 4,752 3.94 0.1808
2025-10-29 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 16,205 -871 -5.10 4,572 -9.16 0.1742
2025-08-15 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 17,076 4,368 34.37 5,034 59.32 0.2051
2025-05-08 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 12,708 5,164 68.45 3,160 90.53 0.1409
2025-01-28 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,544 -73 -0.96 1,658 -1.49 0.0726
2024-11-12 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,617 -707 -8.49 1,684 16.96 0.0730
2024-08-12 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,324 5 0.06 1,440 -9.38 0.0688
2024-05-03 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,319 84 1.02 1,589 17.98 0.0767
2024-01-23 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,235 -252 -2.97 1,347 13.11 0.0712
2023-10-17 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,487 -25 -0.29 1,191 4.57 0.0694
2023-07-28 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,512 167 2.00 1,139 4.12 0.0654
2023-05-05 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,345 -10 -0.12 1,094 -7.14 0.0660
2023-01-30 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,355 298 3.70 1,177 22.99 0.0726
2022-10-17 2022-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,057 -20 -0.25 957 -16.05 0.0615
2022-07-22 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,077 759 10.37 1,140 19.87 0.0701
2022-04-27 2022-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,318 100 1.39 951 -1.45 0.0513
2022-01-26 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,218 -118 -1.61 965 -5.30 0.0490
2021-10-25 2021-09-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 7,336 -620 -7.79 1,019 -12.61 0.0536
2021-10-25 2021-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,336 -620 1,019 0.0536
2021-07-28 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,956 -450 -5.35 1,166 4.11 0.0603
2021-04-28 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,406 -805 -8.74 1,120 -3.36 0.0624
2021-01-26 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 9,211 -150 -1.60 1,159 1.76 0.0680
2020-10-26 2020-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 9,361 -330 -3.41 1,139 -2.65 0.0750
2020-07-15 2020-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 9,691 -825 -7.85 1,170 0.26 0.0839
2020-04-27 2020-03-31 13F/A-02 INTERNATIONAL BUSINESS MACHS COM 459200101 10,516 972 10.18 1,167 -8.76 0.1023
2020-04-13 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 10,516 972 1,167 104,497.7927
2020-01-23 2019-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 9,544 -1,220 -11.33 1,279 -18.27 0.0908
2019-10-22 2019-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 10,764 1,425 15.26 1,565 21.51 0.1186
2019-07-17 2019-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 9,339 -397 -4.08 1,288 -6.26 0.0995
2019-04-22 2019-03-31 13F INTERNATIONAL BUSINESS MAC COM 459200101 9,736 -329 -3.27 1,374 20.10 0.1119
2019-01-23 2018-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 10,065 -4,919 -32.83 1,144 -49.51 0.1076
2018-10-25 2018-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 14,984 20 0.13 2,266 8.42 0.1720
2018-07-23 2018-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 14,964 400 2.75 2,090 -6.49 0.1667
2018-05-02 2018-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 14,564 914 6.70 2,235 6.73 0.1799
2018-02-01 2017-12-31 13F INTERNATIONAL BUSINESS M COM 459200101 13,650 -1,773 -11.50 2,094 -6.43 0.1676
2017-10-30 2017-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 15,423 59 0.38 2,238 -5.29 0.1847
2017-07-25 2017-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 15,364 29 0.19 2,363 -11.50 0.1998
2017-04-18 2017-03-31 13F Intl Business Machines COM 459200101 15,335 46 0.30 2,670 5.20 0.2311
2017-01-09 2016-12-31 13F Intl Business Machines COM 459200101 15,289 1,193 8.46 2,538 13.35 0.2366
2016-10-13 2016-09-30 13F Intl Business Machines COM 459200101 14,096 -69 -0.49 2,239 4.14 0.2080
2016-07-07 2016-06-30 13F Intl Business Machines COM 459200101 14,165 485 3.55 2,150 3.76 0.2027
2016-04-14 2016-03-31 13F Intl Business Machines COM 459200101 13,680 -1,404 -9.31 2,072 -0.19 0.2106
2016-02-09 2015-12-31 13F Intl Business Machines COM 459200101 15,084 460 3.15 2,076 -2.08 0.2107
2015-10-19 2015-09-30 13F Intl Business Machines COM 459200101 14,624 439 3.09 2,120 -8.11 0.2310
2015-08-25 2015-06-30 13F Intl Business Machines COM 459200101 14,185 -250 -1.73 2,307 -0.43 0.2364
2015-05-11 2015-03-31 13F Intl Business Machines COM 459200101 14,435 14,435 0.00 2,317 0.2361
2015-02-03 2014-12-31 13F Intl Business Machines COM 459200101 0 -14,171 -100.00 0 -100.00
2014-11-10 2014-09-30 13F Intl Business Machines COM 459200101 14,171 -540 -3.67 2,690 0.86 0.2765
2014-08-26 2014-06-30 13F Intl Business Machines COM 459200101 14,711 -1,640 -10.03 2,667 -15.25 0.2726
2014-04-24 2014-03-31 13F Intl Business Machines COM 459200101 16,351 1,851 12.77 3,147 15.70 0.3569
2014-03-21 2013-12-31 13F/A-1 Intl Business Machines COM 459200101 14,500 -6,909 -32.27 2,720 -31.40 0.3379
2014-02-07 2013-12-31 13F Intl Business Machines COM 459200101 29,000 5,440
2013-10-15 2013-09-30 13F Intl Business Machines COM 459200101 21,409 9,861 85.39 3,965 79.66 0.5402
2013-08-14 2013-06-30 13F Intl Business Machines COM 459200101 11,548 11,548 2,207 0.3488
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.