Who owns PM (PM)
Which tracked institutional funds hold PM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PM company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
568 tracked funds added or opened PM while 349 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
PM’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 0.4% of theirs — a 0.1pp gap the other way — the median holder sizes PM more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in PM divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 2829 tracked filers holding PM, 1389 increased or opened the position and 1209 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in PM between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 67
- VANGUARD CAPITAL MANAGEMENT LLC$16.7B
- VANGUARD PORTFOLIO MANAGEMENT LLC$4.9B
- VANGUARD FIDUCIARY TRUST CO$1.4B
- Vanguard Global Advisers, LLC$562M
- VANGUARD ASSET MANAGEMENT, Ltd$468M
- Vanguard Investments Australia, Ltd.$113M
Full exits 90
- VANGUARD GROUP INC$23.3B
- LONE PINE CAPITAL LLC$424M
- Pacer Advisors, Inc.$92M
- Janney Montgomery Scott LLC$85M
- NewEdge Advisors, LLC$78M
- Atreides Management, LP$65M
Largest adds
- Capital Research Global Investors$4.4B
- JPMORGAN CHASE & CO$1.8B
- PRICE T ROWE ASSOCIATES INC /MD/$929M
- Capital World Investors$834M
- FMR LLC$759M
- WELLINGTON MANAGEMENT GROUP LLP$500M
Largest trims
- Capital International Investors$4.2B
- GQG Partners LLC$553M
- MAVERICK CAPITAL LTD$255M
- Independent Franchise Partners LLP$190M
- BNP PARIBAS FINANCIAL MARKETS$162M
- NEUBERGER BERMAN GROUP LLC$161M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Capital World Investors added | 133,450,504 | $22.1B | 10.1% | 2026-Q1 |
| BlackRock, Inc. trimmed | 105,204,438 | $17.4B | 8.0% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 101,156,274 | $16.7B | 7.7% | 2026-Q1 |
| Capital Research Global Investors added | 79,823,025 | $13.2B | 6.0% | 2026-Q1 |
| Capital International Investors trimmed | 72,761,312 | $12.0B | 5.5% | 2026-Q1 |
| STATE STREET CORP added | 55,033,026 | $9.2B | 4.2% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 51,591,197 | $8.5B | 3.9% | 2026-Q1 |
| GQG Partners LLC trimmed | 50,105,900 | $8.3B | 3.8% | 2026-Q1 |
| FMR LLC added | 44,770,603 | $7.4B | 3.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 38,461,183 | $6.4B | 2.9% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 29,577,453 | $4.9B | 2.2% | 2026-Q1 |
| MORGAN STANLEY added | 24,405,704 | $4.0B | 1.8% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 19,357,210 | $3.2B | 1.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 17,230,669 | $2.8B | 1.3% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 16,855,584 | $2.8B | 1.3% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 16,614,374 | $2.7B | 1.3% | 2026-Q1 |
| Invesco Ltd. added | 15,974,398 | $2.6B | 1.2% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 14,437,223 | $2.4B | 1.1% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 13,549,581 | $2.2B | 1.0% | 2026-Q1 |
| Fayez Sarofim & Co trimmed | 10,771,913 | $1.8B | 0.8% | 2026-Q1 |
| WCM INVESTMENT MANAGEMENT, LLC trimmed | 10,783,780 | $1.8B | 0.8% | 2026-Q1 |
| Nuveen, LLC trimmed | 9,668,405 | $1.6B | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 8,914,216 | $1.5B | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 8,762,224 | $1.4B | 0.7% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 8,631,772 | $1.4B | 0.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 8,690,547 | $1.4B | 0.7% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 7,973,116 | $1.3B | 0.6% | 2026-Q1 |
| Legal & General Group Plc added | 7,942,545 | $1.3B | 0.6% | 2026-Q1 |
| Ninety One UK Ltd added | 7,161,703 | $1.2B | 0.5% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 6,105,002 | $1.0B | 0.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 5,930,698 | $981M | 0.4% | 2026-Q1 |
| First Eagle Investment Management, LLC added | 5,892,458 | $974M | 0.4% | 2026-Q1 |
| Boston Partners trimmed | 5,780,564 | $953M | 0.4% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 5,693,947 | $941M | 0.4% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 5,577,426 | $922M | 0.4% | 2026-Q1 |
| Fundsmith LLP trimmed | 5,113,163 | $845M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 4,879,987 | $807M | 0.4% | 2026-Q1 |
| BARCLAYS PLC added | 4,607,041 | $762M | 0.3% | 2026-Q1 |
| GARDNER RUSSO & QUINN LLC trimmed | 4,605,069 | $761M | 0.3% | 2026-Q1 |
| Swiss National Bank added | 4,568,400 | $755M | 0.3% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 4,413,854 | $730M | 0.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 4,368,587 | $722M | 0.3% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 4,129,127 | $683M | 0.3% | 2026-Q1 |
| UBS Group AG added | 4,002,867 | $662M | 0.3% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 3,841,383 | $616M | 0.3% | 2026-Q1 |
| National Pension Service added | 3,612,916 | $597M | 0.3% | 2026-Q1 |
| FEDERATED HERMES, INC. trimmed | 3,449,381 | $570M | 0.3% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 3,402,002 | $562M | 0.3% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 3,278,014 | $542M | 0.2% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 3,057,345 | $506M | 0.2% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 3,016,923 | $499M | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 2,906,655 | $481M | 0.2% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 2,829,288 | $468M | 0.2% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 2,782,616 | $460M | 0.2% | 2026-Q1 |
| LPL Financial LLC added | 2,652,573 | $439M | 0.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 2,625,694 | $434M | 0.2% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 2,584,550 | $427M | 0.2% | 2026-Q1 |
| Independent Franchise Partners LLP trimmed | 2,560,566 | $423M | 0.2% | 2026-Q1 |
| DekaBank Deutsche Girozentrale | 2,517,673 | $422M | 0.2% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 2,522,798 | $417M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 2,510,786 | $415M | 0.2% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 2,458,923 | $407M | 0.2% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 2,423,482 | $401M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 2,256,060 | $373M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 2,166,673 | $358M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC trimmed | 2,091,125 | $346M | 0.2% | 2026-Q1 |
| LONDON CO OF VIRGINIA trimmed | 2,020,161 | $334M | 0.2% | 2026-Q1 |
| Capital International, Inc./CA/ added | 1,914,057 | $316M | 0.1% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO trimmed | 1,814,821 | $300M | 0.1% | 2026-Q1 |
| FIRST MANHATTAN CO. LLC. trimmed | 1,775,569 | $296M | 0.1% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 1,749,744 | $289M | 0.1% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND trimmed | 1,746,100 | $289M | 0.1% | 2026-Q1 |
| FUNDSMITH INVESTMENT SERVICES LTD. trimmed | 1,677,719 | $277M | 0.1% | 2026-Q1 |
| LORD, ABBETT & CO. LLC trimmed | 1,664,028 | $275M | 0.1% | 2026-Q1 |
| Focus Partners Wealth added | 1,661,990 | $275M | 0.1% | 2026-Q1 |
| SEI INVESTMENTS CO added | 1,661,815 | $275M | 0.1% | 2026-Q1 |
| BAILLIE GIFFORD & CO added | 1,644,203 | $272M | 0.1% | 2026-Q1 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ added | 1,546,551 | $256M | 0.1% | 2026-Q1 |
| PANAGORA ASSET MANAGEMENT INC trimmed | 1,508,171 | $249M | 0.1% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 1,501,531 | $248M | 0.1% | 2026-Q1 |
| CITIGROUP INC added | 1,491,010 | $247M | 0.1% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 1,420,224 | $235M | 0.1% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 1,394,554 | $231M | 0.1% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 1,394,292 | $231M | 0.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 1,373,401 | $227M | 0.1% | 2026-Q1 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 1,370,492 | $227M | 0.1% | 2026-Q1 |
| NATIXIS ADVISORS, LLC added | 1,365,763 | $226M | 0.1% | 2026-Q1 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed | 1,276,875 | $211M | 0.1% | 2026-Q1 |
| ROYAL LONDON ASSET MANAGEMENT LTD added | 1,214,925 | $201M | 0.1% | 2026-Q1 |
| Cullen Capital Management, LLC trimmed | 1,187,104 | $196M | 0.1% | 2026-Q1 |
| Perpetual Ltd trimmed | 1,177,113 | $195M | 0.1% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 1,132,803 | $187M | 0.1% | 2026-Q1 |
| Eurizon Capital SGR S.p.A. added | 1,126,895 | $186M | 0.1% | 2026-Q1 |
| Alyeska Investment Group, L.P. added | 1,123,633 | $186M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 145,249,830 | $23.3B | 10.7% | 2025-Q4 stale |
| VIKING GLOBAL INVESTORS LP added | 4,426,128 | $718M | 0.3% | 2025-Q3 stale |
| LONE PINE CAPITAL LLC trimmed | 2,643,579 | $424M | 0.2% | 2025-Q4 stale |
| AXIOM INVESTORS LLC /DE new | 1,532,403 | $279M | 0.1% | 2025-Q2 stale |
| COATUE MANAGEMENT LLC trimmed | 1,298,405 | $236M | 0.1% | 2025-Q2 stale |
| Holocene Advisors, LP added | 1,141,371 | $208M | 0.1% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.