Terry Smith - Fundsmith LLP
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    34
Portfolio value:    $12,827,766,987
Holdings Activity Buys Sells    History
Holding/activity history for  Philip Morris Intl. (PM)
Period Shares % of Portfolio Activity % Change to Portfolio Reported Price Value Filing
2026   Q1 5,113,163 6.59 Reduce 16.51% 0.95 $165.34 $845,410,370 SEC
2025   Q4 6,124,597 5.74 Reduce 14.80% 0.87 $160.40 $982,385,359 SEC
2025   Q3 7,188,144 5.89 Reduce 20.78% 1.49 $162.20 $1,165,916,957 SEC
2025   Q2 9,074,195 7.18 Reduce 16.03% 1.25 $182.13 $1,652,683,135 SEC
2025   Q1 10,805,892 7.81 Reduce 3.91% 0.23 $158.73 $1,715,219,237 SEC
2024   Q4 11,245,175 5.77 Reduce 6.39% 0.37 $120.35 $1,353,356,811 SEC
2024   Q3 12,012,659 5.77 Reduce 17.01% 1.02 $121.40 $1,458,336,803 SEC
2024   Q2 14,474,445 5.98 Reduce 2.35% 0.12 $101.33 $1,466,695,512 SEC
2024   Q1 14,822,237 5.32 Reduce 1.43% 0.08 $91.62 $1,358,013,354 SEC
2023   Q4 15,037,657 5.92 Reduce 0.18% 0.01 $94.08 $1,414,742,771 SEC
2023   Q3 15,064,536 6.34 Reduce 4.56% 0.30 $92.58 $1,394,674,743 SEC
2023   Q2 15,784,916 6.47 Reduce 4.12% 0.29 $97.62 $1,540,923,500 SEC
2023   Q1 16,463,863 6.91 Reduce 0.07% <0.01 $97.25 $1,601,110,677 SEC
2022   Q4 16,476,088 7.62 Reduce 0.08% <0.01 $101.21 $1,667,544,866 SEC
2022   Q3 16,489,067 6.50 Add 0.06% <0.01 $83.01 $1,368,757,000 SEC
2022   Q2 16,478,425 7.18 Add 0.13% <0.01 $98.74 $1,627,080,000 SEC
2022   Q1 16,457,291 5.31 Reduce 19.42% 0.92 $93.94 $1,545,998,000 SEC
2021   Q4 20,423,427 4.73 Add 5.53% 0.25 $95.00 $1,940,226,000 SEC
2021   Q3 19,353,620 5.07 $94.79 $1,834,530,000 SEC
2021   Q2 19,353,620 5.32 Reduce 0.18% <0.01 $99.11 $1,918,137,000 SEC
2021   Q1 19,388,572 5.47 Reduce 0.41% 0.02 $88.74 $1,720,542,000 SEC
2020   Q4 19,467,941 5.34 Reduce 0.18% 0.01 $82.79 $1,611,751,000 SEC
2020   Q3 19,503,315 5.71 Add 0.66% 0.04 $74.99 $1,462,554,000 SEC
2020   Q2 19,375,855 5.92 Add 13.82% 0.72 $70.06 $1,357,472,000 SEC
2020   Q1 17,022,953 6.99 Add 0.73% 0.05 $72.96 $1,241,995,000 SEC
2019   Q4 16,899,236 6.79 Reduce 0.17% 0.01 $85.09 $1,437,956,000 SEC
2019   Q3 16,928,583 6.57 Add 10.87% 0.64 $75.93 $1,285,387,000 SEC
2019   Q2 15,268,507 6.25 Add 14.67% 0.80 $78.53 $1,199,036,000 SEC
2019   Q1 13,315,376 6.69 Add 7.30% 0.46 $88.39 $1,176,946,000 SEC
2018   Q4 12,409,367 6.42 $81.54 $1,011,860,000 SEC
2018   Q3 12,409,367 6.79 Add 18.46% 1.06 $81.54 $1,011,860,000 SEC
2018   Q2 10,475,148 6.29 Add 17.58% 0.94 $80.74 $845,763,000 SEC
2018   Q1 8,908,787 7.30 Add 18.66% 1.15 $99.40 $885,534,000 SEC
2017   Q4 7,507,597 6.80 Add 20.09% 1.14 $105.65 $793,177,000 SEC
2017   Q3 6,251,789 6.77 Add 19.29% 1.09 $111.79 $698,887,000 SEC
2017   Q2 5,240,912 6.45 Add 1.53% 0.10 $117.45 $615,545,000 SEC
2017   Q1 5,161,806 6.77 Add 0.17% 0.01 $112.90 $582,768,000 SEC
2016   Q4 5,153,071 6.22 Add 3.77% 0.23 $91.73 $472,692,000 SEC
2016   Q3 4,966,048 7.99 Add 13.70% 0.96 $97.22 $482,799,000 SEC
2016   Q2 4,367,647 7.30 Add 11.61% 0.76 $101.72 $444,277,000 SEC
2016   Q1 3,913,280 8.27 Add 8.21% 0.63 $98.11 $383,932,000 SEC
2015   Q4 3,616,490 7.99 Add 14.04% 0.98 $87.91 $317,926,000 SEC
2015   Q3 3,171,358 7.67 Add 6.44% 0.46 $79.33 $251,584,000 SEC
2015   Q2 2,979,388 7.52 Add 1.26% 0.09 $80.17 $238,858,000 SEC
2015   Q1 2,942,293 8.27 Add 18.23% 1.27 $75.33 $221,643,000 SEC
2014   Q4 2,488,707 7.23 Add 28.09% 1.59 $81.45 $202,705,000 SEC
2014   Q3 1,942,923 6.93 Add 8.90% 0.57 $83.40 $162,040,000 SEC
2014   Q2 1,784,113 8.03 Add 27.55% 1.73 $84.31 $150,419,000 SEC
2014   Q1 1,398,707 7.08 Add 24.96% 1.41 $81.87 $114,512,000 SEC
2013   Q4 1,119,353 7.13 Add 13.02% 0.82 $87.13 $97,529,000 SEC
2013   Q3 990,377 6.67 Add 16.96% 0.97 $86.59 $85,757,000 SEC
2013   Q2 846,738 5.15 Add 16.12% 0.71 $86.62 $73,344,000 SEC
2013   Q1 729,197 6.36 Add 55.30% 2.26 $92.01 $67,090,000 SEC
2012   Q4 469,549 6.25 $83.64 $39,273,000 SEC