Philip Morris International Inc.
MX ˙ BMV ˙ US7181721090
SecurityMX:PM / Philip Morris International Inc.
InstitutionRuffer LLP
Latest Disclosed Ownership71,879 shares
Latest Disclosed Value $ 11,918,626
Ruffer LLP reports 62.03% decrease in ownership of PM / Philip Morris International Inc.

On May 13, 2026 - Ruffer LLP filed a 13F-HR form disclosing ownership of 71,879 shares of Philip Morris International Inc. (MX:PM) valued at $11,918,626 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 28, 2026 disclosing 189,305 shares of Philip Morris International Inc.. This represents a change in shares of -62.03% 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)
2026-05-13 2026-03-31 13F PHILIP MORRIS INTL COM 718172109 71,879 -117,426 -62.03 11,919 -60.81 0.4876
2026-01-28 2025-12-31 13F PHILIP MORRIS INTL COM 718172109 189,305 94,226 99.10 30,412 97.21 1.3845
2025-11-03 2025-09-30 13F PHILIP MORRIS INTL COM 718172109 95,079 970 1.03 15,422 -10.02 0.8572
2025-07-16 2025-06-30 13F PHILIP MORRIS INTL COM 718172109 94,109 -15,888 -14.44 17,140 -1.83 0.7583
2025-05-09 2025-03-31 13F PHILIP MORRIS INTL COM 718172109 109,997 -225,165 -67.18 17,460 -56.72 0.6722
2025-02-07 2024-12-31 13F PHILIP MORRIS INTL COM 718172109 335,162 30,363 9.96 40,336 9.02 1.4568
2024-11-08 2024-09-30 13F PHILIP MORRIS INTL COM 718172109 304,799 62,161 25.62 37,001 50.52 1.1658
2024-08-08 2024-06-30 13F PHILIP MORRIS INTL COM 718172109 242,638 126,138 108.27 24,583 130.38 1.0556
2024-05-08 2024-03-31 13F PHILIP MORRIS INTL COM 718172109 116,500 74,500 177.38 10,671 170.06 0.4109
2024-02-12 2023-12-31 13F PHILIP MORRIS INTL COM 718172109 42,000 0 0.00 3,952 1.18 0.1468
2023-11-13 2023-09-30 13F PHILIP MORRIS INTL COM 718172109 42,000 0 0.00 3,906 -4.73 0.2164
2023-08-10 2023-06-30 13F PHILIP MORRIS INTL COM 718172109 42,000 14,000 50.00 4,100 50.64 0.2400
2023-05-11 2023-03-31 13F PHILIP MORRIS INTL COM 718172109 28,000 0 0.00 2,722 -4.29 0.0943
2023-02-10 2022-12-31 13F PHILIP MORRIS INTL COM 718172109 28,000 0 0.00 2,844 18.90 0.1908
2022-11-10 2022-09-30 13F PHILIP MORRIS INTL COM 718172109 28,000 0 0.00 2,391 -13.56 0.1496
2022-08-05 2022-06-30 13F PHILIP MORRIS INTL COM 718172109 28,000 0 0.00 2,766 5.05 0.1088
2022-05-12 2022-03-31 13F PHILIP MORRIS INTL COM 718172109 28,000 15,000 115.38 2,633 110.81 0.0616
2022-02-04 2021-12-31 13F PHILIP MORRIS INTL COM 718172109 13,000 0 0.00 1,249 0.48 0.0301
2021-11-10 2021-09-30 13F PHILIP MORRIS INTL COM 718172109 13,000 -66,992 -83.75 1,243 -84.32 0.0393
2021-08-06 2021-06-30 13F PHILIP MORRIS INTL COM 718172109 79,992 50,992 175.83 7,927 207.84 0.2220
2021-05-11 2021-03-31 13F PHILIP MORRIS INTL COM 718172109 29,000 0 0.00 2,575 7.29 0.0788
2021-02-09 2020-12-31 13F PHILIP MORRIS INTL COM 718172109 29,000 13,000 81.25 2,400 100.17 0.0814
2020-11-12 2020-09-30 13F PHILIP MORRIS INTL COM 718172109 16,000 0 0.00 1,199 1.44 0.0557
2020-08-04 2020-06-30 13F PHILIP MORRIS INTL COM 718172109 16,000 -8,500 -34.69 1,182 -33.86 0.0457
2020-05-07 2020-03-31 13F PHILIP MORRIS INTL COM 718172109 24,500 2,500 11.36 1,787 -4.54 0.0812
2020-02-06 2019-12-31 13F PHILIP MORRIS INTL COM 718172109 22,000 -2,500 -10.20 1,872 0.65 0.0546
2019-11-08 2019-09-30 13F PHILIP MORRIS INTL COM 718172109 24,500 -3,000 -10.91 1,860 -13.85 0.0528
2019-08-06 2019-06-30 13F PHILIP MORRIS INTL COM 718172109 27,500 0 0.00 2,159 -11.19 0.0504
2019-05-10 2019-03-31 13F PHILIP MORRIS INTL COM 718172109 27,500 12,000 77.42 2,431 134.88 0.0624
2019-02-07 2018-12-31 13F PHILIP MORRIS INTL COM 718172109 15,500 15,500 1,035 0.0324
2018-11-06 2018-09-30 13F PHILIP MORRIS INTL COM 718172109 0 -12,500 -100.00 0 -100.00
2018-07-31 2018-06-30 13F PHILIP MORRIS INTL COM 718172109 12,500 12,500 1,009 0.0367
2015-02-11 2014-12-31 13F PHILIP MORRIS INTL COM 718172109 0 -2,750 -100.00 0 -100.00
2014-11-07 2014-09-30 13F PHILIP MORRIS INTL COM 718172109 2,750 0 0.00 231 0.00 0.0075
2014-08-05 2014-06-30 13F PHILIP MORRIS INTL COM 718172109 2,750 0 0.00 231 2.67 0.0075
2014-05-09 2014-03-31 13F PHILIP MORRIS INTL COM 718172109 2,750 0 0.00 225 -5.86 0.0069
2014-02-20 2013-12-31 13F/A-1 PHILIP MORRIS INTL COM 718172109 2,750 0 0.00 239 -0.83 0.0085
2014-02-13 2013-12-31 13F PHILIP MORRIS INTL COM 718172109 2,750 239
2013-11-12 2013-09-30 13F PHILIP MORRIS INTL COM 718172109 2,750 0 0.00 241 1.26 0.0112
2013-08-08 2013-06-30 13F PHILIP MORRIS INTL COM 718172109 2,750 2,750 238 0.0128
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.