Philip Morris International Inc.
MX ˙ BMV ˙ US7181721090
SecurityMX:PM / Philip Morris International Inc.
InstitutionCullen Capital Management, LLC
Latest Disclosed Ownership1,187,104 shares
Latest Disclosed Value $ 196,275,781
Cullen Capital Management, LLC reports 0.37% decrease in ownership of PM / Philip Morris International Inc.

On May 15, 2026 - Cullen Capital Management, LLC filed a 13F-HR form disclosing ownership of 1,187,104 shares of Philip Morris International Inc. (MX:PM) valued at $196,275,781 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 1,191,567 shares of Philip Morris International Inc.. 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)
2026-05-15 2026-03-31 13F Philip Morris International In COM 718172109 1,187,104 -4,463 -0.37 196,276 2.69 2.0125
2026-02-13 2025-12-31 13F Philip Morris International In COM 718172109 1,191,567 -7,364 -0.61 191,127 -1.72 2.0874
2025-11-05 2025-09-30 13F Philip Morris International In COM 718172109 1,198,931 -41,117 -3.32 194,467 -13.90 2.1274
2025-09-30 2025-06-30 13F Philip Morris International In COM 718172109 1,240,048 -52,460 -4.06 225,850 10.08 2.5719
2025-05-15 2025-03-31 13F Philip Morris International In COM 718172109 1,292,508 -731,420 -36.14 205,160 -15.77 2.3699
2025-02-13 2024-12-31 13F Philip Morris International In COM 718172109 2,023,928 -133,895 -6.21 243,580 -7.02 2.8371
2024-11-12 2024-09-30 13F Philip Morris International In COM 718172109 2,157,823 -199,575 -8.47 261,960 9.66 2.8515
2024-08-13 2024-06-30 13F Philip Morris International In COM 718172109 2,357,398 -108,301 -4.39 238,875 5.74 2.7511
2024-05-15 2024-03-31 13F Philip Morris International In COM 718172109 2,465,699 594,890 31.80 225,907 28.35 2.5149
2024-02-14 2023-12-31 13F Philip Morris International In COM 718172109 1,870,809 -690,725 -26.97 176,006 -25.78 2.6105
2023-11-14 2023-09-30 13F Philip Morris International In COM 718172109 2,561,534 -104,551 -3.92 237,147 -8.88 2.7684
2023-08-15 2023-06-30 13F Philip Morris International In COM 718172109 2,666,085 101,558 3.96 260,263 4.36 2.3235
2023-05-15 2023-03-31 13F Philip Morris International In COM 718172109 2,564,527 745,438 40.98 249,400 35.46 2.2821
2023-02-16 2022-12-31 13F Philip Morris International In COM 718172109 1,819,089 -737,864 -28.86 184,110 -13.26 2.3627
2022-11-10 2022-09-30 13F Philip Morris International In COM 718172109 2,556,953 51,168 2.04 212,253 -14.21 2.2741
2022-08-11 2022-06-30 13F Philip Morris International In COM 718172109 2,505,785 19,230 0.77 247,421 5.92 2.4848
2022-05-03 2022-03-31 13F Philip Morris International In COM 718172109 2,486,555 153,206 6.57 233,587 5.38 2.1504
2022-02-10 2021-12-31 13F Philip Morris International In COM 718172109 2,333,349 -38,611 -1.63 221,668 -1.41 2.0778
2021-11-05 2021-09-30 13F Philip Morris International In COM 718172109 2,371,960 4,541 0.19 224,838 -4.18 2.2090
2021-08-04 2021-06-30 13F Philip Morris International In COM 718172109 2,367,419 169,112 7.69 234,635 20.28 2.2683
2021-05-10 2021-03-31 13F Philip Morris International In COM 718172109 2,198,307 1,654,547 304.28 195,078 333.33 2.1078
2021-01-26 2020-12-31 13F Philip Morris International In COM 718172109 543,760 -108,295 -16.61 45,018 -7.93 2.5000
2020-11-02 2020-09-30 13F Philip Morris International In COM 718172109 652,055 -60,235 -8.46 48,898 -2.01 2.8322
2020-07-31 2020-06-30 13F Philip Morris International In COM 718172109 712,290 -47,880 -6.30 49,903 -10.02 2.8069
2020-05-13 2020-03-31 13F/A-1 Philip Morris International In COM 718172109 760,170 1,845 0.24 55,462 -14.05 3.1983
2020-05-05 2020-03-31 13F Philip Morris International In COM 718172109 1,774,541 1,016,216 129,470 3,150,666.6968
2020-01-31 2019-12-31 13F Philip Morris International In COM 718172109 758,325 67,150 9.72 64,526 22.95 2.5301
2019-11-15 2019-09-30 13F Philip Morris International In COM 718172109 691,175 105,941 18.10 52,481 14.19 2.1064
2019-07-30 2019-06-30 13F Philip Morris International In COM 718172109 585,234 -144,951 -19.85 45,958 -28.79 1.7941
2019-05-15 2019-03-31 13F Philip Morris International In COM 718172109 730,185 -2,742 -0.37 64,541 31.90 2.5470
2019-02-14 2018-12-31 13F Philip Morris International In COM 718172109 732,927 -9,933 -1.34 48,930 -19.22 2.1098
2018-11-15 2018-09-30 13F Philip Morris International In COM 718172109 742,860 209,886 39.38 60,573 40.76 2.2321
2018-08-14 2018-06-30 13F Philip Morris International In COM 718172109 532,974 19,545 3.81 43,032 -15.68 1.6281
2018-05-14 2018-03-31 13F Philip Morris International In COM 718172109 513,429 1,260 0.25 51,035 -5.68 1.8066
2018-02-15 2017-12-31 13F Philip Morris International In COM 718172109 512,169 10,750 2.14 54,111 -2.79 1.8567
2017-11-14 2017-09-30 13F Philip Morris International In COM 718172109 501,419 2,290 0.46 55,663 -5.05 1.9390
2017-08-16 2017-06-30 13F Philip Morris International In COM 718172109 499,129 -125,821 -20.13 58,623 -16.91 2.0609
2017-05-11 2017-03-31 13F Philip Morris International In COM 718172109 624,950 -147,215 -19.07 70,557 -0.12 2.4796
2017-02-13 2016-12-31 13F Philip Morris International In COM 718172109 772,165 2,780 0.36 70,645 -5.55 2.4359
2016-11-15 2016-09-30 13F Philip Morris International In COM 718172109 769,385 -27,435 -3.44 74,800 -7.71 2.5309
2016-08-15 2016-06-30 13F Philip Morris International In COM 718172109 796,820 -17,390 -2.14 81,053 1.47 2.8568
2016-05-12 2016-03-31 13F Philip Morris International In COM 718172109 814,210 -22,690 -2.71 79,882 8.58 2.8265
2016-01-29 2015-12-31 13F Philip Morris International In COM 718172109 836,900 -23,500 -2.73 73,572 7.79 2.4833
2015-11-12 2015-09-30 13F Philip Morris International In COM 718172109 860,400 -17,800 -2.03 68,256 -3.05 2.3933
2015-08-13 2015-06-30 13F Philip Morris International In COM 718172109 878,200 -109,300 -11.07 70,405 -5.35 2.2482
2015-05-14 2015-03-31 13F Philip Morris International In COM 718172109 987,500 3,250 0.33 74,388 -7.21 2.0855
2015-02-12 2014-12-31 13F Philip Morris International In COM 718172109 984,250 1,000 0.10 80,167 -2.24 2.1784
2014-11-13 2014-09-30 13F Philip Morris International In COM 718172109 983,250 29,870 3.13 82,003 2.02 2.2490
2014-08-11 2014-06-30 13F Philip Morris International In COM 718172109 953,380 0 0.00 80,379 2.98 2.0869
2014-05-14 2014-03-31 13F Philip Morris International In COM 718172109 953,380 1,780 0.19 78,053 -5.86 2.1116
2014-02-13 2013-12-31 13F Philip Morris International In COM 718172109 951,600 26,810 2.90 82,913 3.54 2.1793
2013-11-14 2013-09-30 13F Philip Morris International In COM 718172109 924,790 290 0.03 80,078 0.00 2.2693
2013-08-14 2013-06-30 13F Philip Morris International In COM 718172109 924,500 924,500 80,080 2.4303
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.