Question 1

How many shares of PM does Independent Franchise Partners LLP own?

Accepted Answer

As of 2026-Q1, Independent Franchise Partners LLP holds 2.6M shares of PM (PHILIP MORRIS INTL INC).

Question 2

What is Independent Franchise Partners LLP's PM position worth?

Accepted Answer

As of 2026-Q1, Independent Franchise Partners LLP's PM position is worth $423.4M.

Question 3

Is Independent Franchise Partners LLP buying or selling PM?

Accepted Answer

In 2026-Q1, Independent Franchise Partners LLP decreased their PM position (-33.0% change in shares).

Question 4

When did Independent Franchise Partners LLP first buy PM?

Accepted Answer

Based on available 13F filings, Independent Franchise Partners LLP first reported a position in PM in 2024-Q2. They have held the position across 29 quarters.

Quarter	Action	Shares	Change	Value	Weight	Price	Conviction
2026-Q1 Latest	Decreased	2.6M	-33.0%	$423.4M	3.0%	$177.93	0
2025-Q4	Increased	3.8M	+1.3%	$613.3M	3.9%	$161.95	59
2025-Q3	Decreased	3.8M	-1.0%	$612.4M	4.0%	$160.01	0
2025-Q2	Decreased	3.8M	-12.4%	$694.8M	4.6%	$177.72	0
2025-Q1	Decreased	4.4M	-34.5%	$691M	4.9%	$151.19	0
2024-Q4	Increased	6.6M	+8.8%	$799.6M	6.0%	$115.91	68
2024-Q3	Decreased	6.1M	-8.9%	$741M	6.5%	$115.22	0
2024-Q2	Decreased	6.7M	-5.4%	$679.1M	6.3%	$95.72	0