International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionZhang Financial LLC
Latest Disclosed Ownership23,339 shares
Latest Disclosed Value $ 5,657,088
Zhang Financial LLC reports 14.57% increase in ownership of IBM / International Business Machines Corporation

On May 6, 2026 - Zhang Financial LLC filed a 13F-HR form disclosing ownership of 23,339 shares of International Business Machines Corporation (MX:IBM) valued at $5,657,088 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 20,371 shares of International Business Machines Corporation. This represents a change in shares of 14.57% 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)
2026-05-06 2026-03-31 13F INTL BUSINESS COM 459200101 23,339 2,968 14.57 5,657 -6.25 0.1956
2026-02-10 2025-12-31 13F INTL BUSINESS COM 459200101 20,371 355 1.77 6,034 6.85 0.2250
2025-11-10 2025-09-30 13F INTL BUSINESS COM 459200101 20,016 935 4.90 5,648 0.41 0.2294
2025-08-01 2025-06-30 13F INTL BUSINESS COM 459200101 19,081 -28 -0.15 5,625 18.38 0.2595
2025-04-15 2025-03-31 13F INTL BUSINESS COM 459200101 19,109 1,032 5.71 4,751 19.58 0.2513
2025-01-16 2024-12-31 13F INTL BUSINESS COM 459200101 18,077 686 3.94 3,974 3.36 0.2275
2024-10-15 2024-09-30 13F INTL BUSINESS COM 459200101 17,391 74 0.43 3,845 28.39 0.2427
2024-07-19 2024-06-30 13F INTL BUSINESS COM 459200101 17,317 2,667 18.20 2,995 7.04 0.2094
2024-04-24 2024-03-31 13F INTL BUSINESS COM 459200101 14,650 2,833 23.97 2,798 44.77 0.2073
2024-01-31 2023-12-31 13F INTL BUSINESS COM 459200101 11,817 -186 -1.55 1,933 14.73 0.1660
2023-10-11 2023-09-30 13F INTL BUSINESS COM 459200101 12,003 -2,399 -16.66 1,684 -12.61 0.1707
2023-07-18 2023-06-30 13F INTL BUSINESS COM 459200101 14,402 -2,377 -14.17 1,927 -12.37 0.1977
2023-05-11 2023-03-31 13F INTL BUSINESS COM 459200101 16,779 52 0.31 2,200 -6.66 0.2512
2023-05-17 2022-12-31 13F/A-1 INTL BUSINESS COM 459200101 16,727 -91 -0.54 2,357 17.92 0.3005
2023-01-17 2022-12-31 13F INTL BUSINESS COM 459200101 16,727 -91 2 0.0003
2022-10-18 2022-09-30 13F INTL BUSINESS COM 459200101 16,818 247 1.49 1,998 -14.62 0.3012
2022-07-14 2022-06-30 13F INTL BUSINESS COM 459200101 16,571 -10,000 -37.64 2,340 -32.27 0.3755
2022-04-21 2022-03-31 13F INTL BUSINESS COM 459200101 26,571 28 0.11 3,455 -2.62 0.5833
2022-02-10 2021-12-31 13F INTL BUSINESS COM 459200101 26,543 23,898 903.52 3,548 866.76 0.6288
2021-10-20 2021-09-30 13F INTL BUSINESS COM 459200101 2,645 -100 -3.64 367 -8.71 0.0849
2021-07-26 2021-06-30 13F INTL BUSINESS COM 459200101 2,745 100 3.78 402 14.20 0.0986
2021-04-21 2021-03-31 13F INTL BUSINESS COM 459200101 2,645 -727 -21.56 352 -16.98 0.0944
2021-01-20 2020-12-31 13F INTL BUSINESS COM 459200101 3,372 567 20.21 424 24.34 0.1306
2020-10-13 2020-09-30 13F INTL BUSINESS COM 459200101 2,805 2,805 341 0.1229
2019-05-16 2018-12-31 13F INTL BUSINESS COM 459200101 0 0 0 0.0000
2019-05-24 2018-03-31 13F INTL BUSINESS COM 459200101 0 -1,266 -100.00 0 -100.00
2019-05-23 2017-12-31 13F INTL BUSINESS COM 459200101 1,266 1,266 207 0.1010
2019-05-23 2017-06-30 13F INTL BUSINESS COM 459200101 0 -1,266 -100.00 0 -100.00
2019-05-23 2017-03-31 13F INTL BUSINESS COM 459200101 1,266 1,266 -6.91 207 0.49 0.1030
2019-05-28 2016-09-30 13F International Business Machines COM 459200101 0 -1,360 -100.00 0 -100.00
2019-05-28 2016-06-30 13F International Business Machines COM 459200101 1,360 0 0.00 206 0.00 0.1132
2019-05-28 2016-03-31 13F International Business Machines COM 459200101 1,360 1,360 -4.23 206 0.00 0.1163
2019-05-28 2015-12-31 13F International Business Machines COM 459200101 0 -1,420 -100.00 0 -100.00
2019-05-24 2015-09-30 13F International Business Machines COM 459200101 1,420 0 0.00 206 -10.82 0.1312
2019-05-24 2015-06-30 13F International Business Machines COM 459200101 1,420 0 0.00 231 1.32 0.1485
2019-05-29 2015-03-31 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 1,420 0 0.00 228 0.00 0.1426
2019-05-31 2014-12-31 13F International Business Machines COM 459200101 1,420 0 0.00 228 -15.56 0.1483
2019-05-31 2014-09-30 13F International Business Machines COM 459200101 1,420 0 0.00 270 5.06 0.1845
2019-05-31 2014-06-30 13F International Business Machines COM 459200101 1,420 0 0.00 257 -5.86 0.1728
2019-05-31 2014-03-31 13F International Business Machines COM 459200101 1,420 0 0.00 273 2.63 0.1960
2019-05-31 2013-12-31 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 1,420 0 0.00 266 1.14 0.2009
2019-05-31 2013-09-30 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 1,420 0 0.00 263 -2.95 0.2121
2019-05-31 2013-06-30 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 1,420 0 0.00 271 -10.56 0.2328
2019-05-31 2013-03-31 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 1,420 0 0.00 303 11.40 0.2683
2019-05-30 2012-12-31 13F International Business Machines COM 459200101 1,420 61 4.49 272 -3.55 0.2598
2019-05-30 2012-09-30 13F International Business Machines COM 459200101 1,359 237 21.12 282 28.77 0.2950
2019-05-30 2012-06-30 13F International Business Machines COM 459200101 1,122 1,122 219 0.2509
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.