Gotham Asset Management, LLC reports 32.21% decrease in ownership of PM / Philip Morris International Inc.

Philip Morris International Inc.

MX ˙ BMV ˙ US7181721090

Security	MX:PM / Philip Morris International Inc.
Institution	Gotham Asset Management, LLC
Manager	Joel Greenblatt
Latest Disclosed Ownership	150,010 shares
Latest Disclosed Value	$ 24,802,653

On May 15, 2026 - Gotham Asset Management, LLC filed a 13F-HR form disclosing ownership of 150,010 shares of Philip Morris International Inc. (MX:PM) valued at $24,802,653 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 221,278 shares of Philip Morris International Inc.. This represents a change in shares of -32.21% 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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-15	2026-03-31	13F	PHILIP MORRIS INTL	COM	718172109	150,010	-71,268	-32.21	24,803	-30.12	0.0760
2026-02-17	2025-12-31	13F	PHILIP MORRIS INTL	COM	718172109	221,278	90,680	69.43	35,493	67.56	0.1296
2025-11-14	2025-09-30	13F	PHILIP MORRIS INTL	COM	718172109	130,598	52,991	68.28	21,183	49.87	0.0922
2025-08-14	2025-06-30	13F	PHILIP MORRIS INTL	COM	718172109	77,607	-8,049	-9.40	14,135	3.96	0.0846
2025-05-15	2025-03-31	13F	PHILIP MORRIS INTL	COM	718172109	85,656	-27,930	-24.59	13,596	-0.54	0.1134
2025-02-14	2024-12-31	13F	PHILIP MORRIS INTL	COM	718172109	113,586	-5,185	-4.37	13,670	-5.19	0.1296
2024-11-14	2024-09-30	13F	PHILIP MORRIS INTL	COM	718172109	118,771	8,614	7.82	14,419	29.17	0.1492
2024-08-14	2024-06-30	13F	PHILIP MORRIS INTL	COM	718172109	110,157	3,363	3.15	11,162	14.08	0.1445
2024-05-15	2024-03-31	13F	PHILIP MORRIS INTL	COM	718172109	106,794	13,616	14.61	9,784	11.61	0.1478
2024-02-14	2023-12-31	13F	PHILIP MORRIS INTL	COM	718172109	93,178	4,851	5.49	8,766	7.20	0.1626
2023-11-14	2023-09-30	13F	PHILIP MORRIS INTL	COM	718172109	88,327	51,571	140.31	8,177	127.90	0.1689
2023-08-14	2023-06-30	13F	PHILIP MORRIS INTL	COM	718172109	36,756	-17,037	-31.67	3,588	-31.41	0.0780
2023-05-15	2023-03-31	13F	PHILIP MORRIS INTL	COM	718172109	53,793	3,252	6.43	5,231	2.27	0.1268
2023-02-14	2022-12-31	13F	PHILIP MORRIS INTL	COM	718172109	50,541	-28,256	-35.86	5,115	-21.80	0.1439
2022-11-14	2022-09-30	13F	PHILIP MORRIS INTL	COM	718172109	78,797	-7,783	-8.99	6,541	-23.49	0.1959
2022-08-15	2022-06-30	13F	PHILIP MORRIS INTL	COM	718172109	86,580	-49,441	-36.35	8,549	-33.10	0.2746
2022-05-16	2022-03-31	13F	PHILIP MORRIS INTL	COM	718172109	136,021	33,698	32.93	12,778	31.45	0.3956
2022-02-14	2021-12-31	13F	PHILIP MORRIS INTL	COM	718172109	102,323	19,683	23.82	9,721	24.10	0.3136
2021-11-15	2021-09-30	13F	PHILIP MORRIS INTL	COM	718172109	82,640	16,321	24.61	7,833	19.17	0.3177
2021-08-16	2021-06-30	13F	PHILIP MORRIS INTL	COM	718172109	66,319	-11,331	-14.59	6,573	-4.61	0.2785
2021-05-17	2021-03-31	13F	PHILIP MORRIS INTL	COM	718172109	77,650	-5,432	-6.54	6,891	0.19	0.3074
2021-02-16	2020-12-31	13F	PHILIP MORRIS INTL	COM	718172109	83,082	7,212	9.51	6,878	20.90	0.2275
2020-11-16	2020-09-30	13F	PHILIP MORRIS INTL	COM	718172109	75,870	-14,832	-16.35	5,689	-10.48	0.1827
2020-08-13	2020-06-30	13F	PHILIP MORRIS INTL	COM	718172109	90,702	-4,700	-4.93	6,355	-8.71	0.1902
2020-05-15	2020-03-31	13F	PHILIP MORRIS INTL	COM	718172109	95,402	-314,957	-76.75	6,961	-80.06	0.1933
2020-02-14	2019-12-31	13F	PHILIP MORRIS INTL	COM	718172109	410,359	43,734	11.93	34,917	25.43	0.6411
2019-11-14	2019-09-30	13F	PHILIP MORRIS INTL	COM	718172109	366,625	152,043	70.86	27,838	65.20	0.4918
2019-08-14	2019-06-30	13F	PHILIP MORRIS INTL	COM	718172109	214,582	-50,082	-18.92	16,851	-27.97	0.2689
2019-05-15	2019-03-31	13F	PHILIP MORRIS INTL	COM	718172109	264,664	-351,373	-57.04	23,394	-43.12	0.3426
2019-02-14	2018-12-31	13F	PHILIP MORRIS INTL	COM	718172109	616,037	-75,179	-10.88	41,127	-27.03	0.6391
2018-11-14	2018-09-30	13F	PHILIP MORRIS INTL	COM	718172109	691,216	51,769	8.10	56,362	9.17	0.7784
2018-08-14	2018-06-30	13F	PHILIP MORRIS INTL	COM	718172109	639,447	384,270	150.59	51,629	103.54	0.7461
2018-05-15	2018-03-31	13F	PHILIP MORRIS INTL	COM	718172109	255,177	47,401	22.81	25,365	15.55	0.3548
2018-02-14	2017-12-31	13F	PHILIP MORRIS INTL	COM	718172109	207,776	164,009	374.73	21,952	351.78	0.3188
2017-11-14	2017-09-30	13F	PHILIP MORRIS INTL	COM	718172109	43,767	28,642	189.37	4,859	173.59	0.0713
2017-08-14	2017-06-30	13F	PHILIP MORRIS INTL	COM	718172109	15,125	-118,178	-88.65	1,776	-88.20	0.0249
2017-05-15	2017-03-31	13F	PHILIP MORRIS INTL	COM	718172109	133,303	-325,574	-70.95	15,050	-64.15	0.1911
2017-02-14	2016-12-31	13F	PHILIP MORRIS INTL	COM	718172109	458,877	458,877	0.00	41,983		0.5405
2016-08-15	2016-06-30	13F	PHILIP MORRIS INTL	COM	718172109	0	-45,315	-100.00	0	-100.00
2016-05-16	2016-03-31	13F	PHILIP MORRIS INTL	COM	718172109	45,315	-221,577	-83.02	4,446	-81.05	0.0498
2016-02-16	2015-12-31	13F	PHILIP MORRIS INTL	COM	718172109	266,892	-436,857	-62.08	23,462	-57.97	0.2547
2015-11-16	2015-09-30	13F	PHILIP MORRIS INTL	COM	718172109	703,749	545,390	344.40	55,828	339.73	0.5448
2015-08-14	2015-06-30	13F	PHILIP MORRIS INTL	COM	718172109	158,359	-530,257	-77.00	12,696	-75.52	0.1062
2015-05-15	2015-03-31	13F	PHILIP MORRIS INTL	COM	718172109	688,616	-224,968	-24.62	51,873	-30.29	0.3957
2015-02-17	2014-12-31	13F	PHILIP MORRIS INTL	COM	718172109	913,584	257,167	39.18	74,411	35.92	0.6022
2014-11-14	2014-09-30	13F	PHILIP MORRIS INTL	COM	718172109	656,417	490,796	296.34	54,745	292.04	0.5445
2014-08-14	2014-06-30	13F	PHILIP MORRIS INTL	COM	718172109	165,621	-229,972	-58.13	13,964	-56.88	0.1748
2014-05-15	2014-03-31	13F	PHILIP MORRIS INTL	COM	718172109	395,593	247,106	166.42	32,387	150.32	0.4877
2014-02-14	2013-12-31	13F	PHILIP MORRIS INTL	COM	718172109	148,487	111,402	300.40	12,938	302.93	0.3079
2013-11-14	2013-09-30	13F	PHILIP MORRIS INTL	COM	718172109	37,085	29,221	371.58	3,211	371.51	0.1043
2013-08-15	2013-06-30	13F/A-1	PHILIP MORRIS INTL	COM	718172109	7,864	7,864		681		0.0292
2013-08-14	2013-06-30	13F	PHILIP MORRIS INTL	COM	718172109	7,864			681		0.0290

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.