Philip Morris International Inc.
MX ˙ BMV ˙ US7181721090
SecurityMX:PM / Philip Morris International Inc.
InstitutionNarwhal Capital Management
Latest Disclosed Ownership63,896 shares
Latest Disclosed Value $ 10,564,565
Narwhal Capital Management reports 6.32% decrease in ownership of PM / Philip Morris International Inc.

On April 23, 2026 - Narwhal Capital Management filed a 13F-HR form disclosing ownership of 63,896 shares of Philip Morris International Inc. (MX:PM) valued at $10,564,565 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 30, 2026 disclosing 68,209 shares of Philip Morris International Inc.. This represents a change in shares of -6.32% 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)
2026-04-23 2026-03-31 13F PHILIP MORRIS INTL COM 718172109 63,896 -4,313 -6.32 10,565 -3.44 0.7795
2026-01-30 2025-12-31 13F PHILIP MORRIS INTL COM 718172109 68,209 -8,289 -10.84 10,941 -11.82 0.7950
2025-10-24 2025-09-30 13F PHILIP MORRIS INTL COM 718172109 76,498 -284 -0.37 12,408 -11.28 0.9191
2025-07-23 2025-06-30 13F PHILIP MORRIS INTL COM 718172109 76,782 -8,827 -10.31 13,984 2.91 1.1230
2025-04-23 2025-03-31 13F PHILIP MORRIS INTL COM 718172109 85,609 15,539 22.18 13,589 61.15 1.2109
2025-01-22 2024-12-31 13F PHILIP MORRIS INTL COM 718172109 70,070 -7,314 -9.45 8,433 -10.24 0.7454
2024-10-22 2024-09-30 13F PHILIP MORRIS INTL COM 718172109 77,384 -22,353 -22.41 9,394 -7.05 0.8452
2024-08-05 2024-06-30 13F PHILIP MORRIS INTL COM 718172109 99,737 1,097 1.11 10,106 11.83 0.9562
2024-04-26 2024-03-31 13F PHILIP MORRIS INTL COM 718172109 98,640 2,219 2.30 9,037 -0.37 0.8850
2024-01-25 2023-12-31 13F PHILIP MORRIS INTL COM 718172109 96,421 -1,378 -1.41 9,071 0.19 0.9913
2023-10-30 2023-09-30 13F PHILIP MORRIS INTL COM 718172109 97,799 -10,530 -9.72 9,054 -14.38 1.1050
2023-08-03 2023-06-30 13F PHILIP MORRIS INTL COM 718172109 108,329 2,178 2.05 10,575 2.44 1.2430
2023-05-02 2023-03-31 13F PHILIP MORRIS INTL COM 718172109 106,151 12,079 12.84 10,323 8.42 1.2915
2023-01-31 2022-12-31 13F PHILIP MORRIS INTL COM 718172109 94,072 22,399 31.25 9,521 60.02 1.2663
2022-11-01 2022-09-30 13F PHILIP MORRIS INTL COM 718172109 71,673 29,746 70.95 5,950 43.72 0.8617
2022-08-01 2022-06-30 13F PHILIP MORRIS INTL COM 718172109 41,927 23,002 121.54 4,140 132.85 0.5675
2022-04-26 2022-03-31 13F PHILIP MORRIS INTL COM 718172109 18,925 0 0.00 1,778 -1.11 0.2082
2022-01-26 2021-12-31 13F PHILIP MORRIS INTL COM 718172109 18,925 0 0.00 1,798 0.22 0.2046
2021-10-22 2021-09-30 13F PHILIP MORRIS INTL COM 718172109 18,925 -208 -1.09 1,794 -5.38 0.2264
2021-07-29 2021-06-30 13F PHILIP MORRIS INTL COM 718172109 19,133 165 0.87 1,896 12.66 0.2393
2021-04-23 2021-03-31 13F PHILIP MORRIS INTL COM 718172109 18,968 -300 -1.56 1,683 5.52 0.2276
2021-02-02 2020-12-31 13F PHILIP MORRIS INTL COM 718172109 19,268 -150 -0.77 1,595 9.55 0.2261
2020-10-26 2020-09-30 13F PHILIP MORRIS INTL COM 718172109 19,418 -1 -0.01 1,456 7.06 0.2348
2020-07-22 2020-06-30 13F PHILIP MORRIS INTL COM 718172109 19,419 -135 -0.69 1,360 -4.70 0.2356
2020-04-30 2020-03-31 13F PHILIP MORRIS INTL COM 718172109 19,554 -778 -3.83 1,427 -17.51 0.3075
2020-01-31 2019-12-31 13F PHILIP MORRIS INTL COM 718172109 20,332 1,692 9.08 1,730 22.26 0.3175
2019-10-31 2019-09-30 13F PHILIP MORRIS INTL COM 718172109 18,640 -1,374 -6.87 1,415 -9.99 0.2846
2019-07-30 2019-06-30 13F PHILIP MORRIS INTL COM 718172109 20,014 -38 -0.19 1,572 -11.29 0.3253
2019-04-12 2019-03-31 13F PHILIP MORRIS INTL COM 718172109 20,052 -3,000 -13.01 1,772 15.14 0.3855
2019-01-15 2018-12-31 13F PHILIP MORRIS INTL COM 718172109 23,052 -2,215 -8.77 1,539 -25.29 0.3813
2018-10-22 2018-09-30 13F PHILIP MORRIS INTL COM 718172109 25,267 -4,147 -14.10 2,060 -13.26 0.4544
2018-07-19 2018-06-30 13F PHILIP MORRIS INTL COM 718172109 29,414 -4,976 -14.47 2,375 -30.51 0.5524
2018-04-17 2018-03-31 13F PHILIP MORRIS INTL COM 718172109 34,390 750 2.23 3,418 -3.83 0.7926
2018-01-22 2017-12-31 13F PHILIP MORRIS INTL COM 718172109 33,640 -2,800 -7.68 3,554 -12.14 0.8169
2017-10-17 2017-09-30 13F PHILIP MORRIS INTL COM 718172109 36,440 2,150 6.27 4,045 0.45 1.0025
2017-07-12 2017-06-30 13F PHILIP MORRIS INTL COM 718172109 34,290 -9,420 -21.55 4,027 -18.40 1.0441
2017-04-26 2017-03-31 13F PHILIP MORRIS INTL COM 718172109 43,710 0 0.00 4,935 23.41 1.3737
2017-01-25 2016-12-31 13F PHILIP MORRIS INTL COM 718172109 43,710 -620 -1.40 3,999 -7.22 1.2038
2016-10-31 2016-09-30 13F PHILIP MORRIS INTL COM 718172109 44,330 -1,000 -2.21 4,310 -6.53 1.3494
2016-07-26 2016-06-30 13F PHILIP MORRIS INTL COM 718172109 45,330 -150 -0.33 4,611 3.34 1.4481
2016-04-20 2016-03-31 13F PHILIP MORRIS INTL COM 718172109 45,480 0 0.00 4,462 11.61 1.4571
2016-01-15 2015-12-31 13F PHILIP MORRIS INTL COM 718172109 45,480 -1,275 -2.73 3,998 7.79 1.3872
2015-10-16 2015-09-30 13F PHILIP MORRIS INTL COM 718172109 46,755 0 0.00 3,709 -1.04 1.3836
2015-07-29 2015-06-30 13F PHILIP MORRIS INTL COM 718172109 46,755 1,300 2.86 3,748 9.46 1.3635
2015-04-28 2015-03-31 13F PHILIP MORRIS INTL COM 718172109 45,455 4,640 11.37 3,424 3.01 1.2522
2015-02-06 2014-12-31 13F PHILIP MORRIS INTL COM 718172109 40,815 6,300 18.25 3,324 15.46 1.2865
2014-11-12 2014-09-30 13F PHILIP MORRIS INTL COM 718172109 34,515 220 0.64 2,879 -0.42 1.1560
2014-07-29 2014-06-30 13F PHILIP MORRIS INTL COM 718172109 34,295 0 0.00 2,891 2.96 1.1057
2014-04-24 2014-03-31 13F PHILIP MORRIS INTL COM 718172109 34,295 -1,000 -2.83 2,808 -8.68 1.1660
2014-02-04 2013-12-31 13F PHILIP MORRIS INTL COM 718172109 35,295 0 0.00 3,075 0.62 1.2660
2013-11-01 2013-09-30 13F PHILIP MORRIS INTL COM 718172109 35,295 -70 -0.20 3,056 -0.23 1.4628
2013-07-22 2013-06-30 13F PHILIP MORRIS INTL COM 718172109 35,365 35,365 3,063 1.4778
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.