International Business Machines Corporation
US ˙ NYSE ˙ US4592001014

SecurityIBM / International Business Machines Corporation
InstitutionFull Sail Capital, LLC
Latest Disclosed Ownership2,975 shares
Latest Disclosed Value $ 839,426
Full Sail Capital, LLC reports 0.44% increase in ownership of IBM / International Business Machines Corporation

On November 14, 2025 - Full Sail Capital, LLC filed a 13F-HR form disclosing ownership of 2,975 shares of International Business Machines Corporation (US:IBM) valued at $839,426 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 2,962 shares of International Business Machines Corporation. This represents a change in shares of 0.44% during the quarter. The current value of the position is $847,399 USD.

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)
2025-11-14 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,975 13 0.44 839 -3.89 0.0463
2025-08-14 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,962 -7 -0.24 873 18.29 0.0504
2025-05-14 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,969 -2 -0.07 738 13.02 0.0478
2025-02-14 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,971 0 0.00 653 -0.46 0.0416
2024-11-13 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,971 -374 -11.18 657 13.49 0.0421
2024-08-15 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,345 7 0.21 579 -9.26 0.0389
2024-05-14 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,338 2 0.06 637 16.88 0.0444
2024-02-13 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,336 151 4.74 546 22.20 0.0415
2023-11-13 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,185 -160 -4.78 447 -0.22 0.0388
2023-08-14 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,345 400 13.58 448 15.80 0.0382
2023-05-05 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,945 392 15.35 386 7.52 0.0349
2023-02-06 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,553 8 0.31 360 18.87 0.0341
2022-11-09 2022-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,545 -85 -3.23 302 -18.60 0.0312
2022-08-08 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,630 -29 -1.09 371 7.23 0.0359
2022-05-12 2022-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,659 0 0.00 346 -4.42 0.0289
2022-02-14 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,659 -1,170 -30.56 362 -31.95 0.0318
2021-10-26 2021-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,829 0 0.00 532 -5.17 0.0464
2021-08-12 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,829 -450 -10.52 561 -2.26 0.0510
2021-05-12 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,279 450 11.75 574 22.39 0.0572
2021-02-11 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,829 0 0.00 469 6.83 0.0508
2020-11-13 2020-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,829 -355 -8.48 439 -17.48 0.0549
2020-08-14 2020-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,184 0 0.00 532 3.30 0.0759
2020-05-15 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,184 0 0.00 515 -20.77 0.0918
2020-02-14 2019-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,184 -210 -4.78 650 9.98 0.1364
2019-11-20 2019-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,394 -143 -3.15 591 -4.37 0.1407
2019-08-14 2019-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,537 -67 -1.46 618 -4.92 0.1757
2019-05-31 2019-03-31 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 4,604 -351 -7.08 650 15.45 0.2075
2019-05-16 2019-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,604 -351 650
2019-02-14 2018-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,955 4,955 563 0.2728
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.