GARDNER RUSSO & QUINN LLC — PHILIP MORRIS INTL INC PM: Quarterly 13F Position History
GARDNER RUSSO & QUINN LLC has reported PHILIP MORRIS INTL INC (PM) on 41 13F-HR filings in Pactolio's tracked window, first appearing in Q1 2016. As of Q1 2026, the position is sized at 4,605,069 shares ($761.4M market value, 8.96% of the equity book). Quarter-over-quarter share count change: 92,439 (-2.0%) .
- 4,605,069Shares Held (Latest Filing)
- $761.4MReported Market Value (Latest Filing)
- 8.96%Portfolio Weight (% of 13F Equity Book)
- 92,439Quarter-over-Quarter Share Change
- +$7.9MQuarter-over-Quarter Value Change
- 10,511,803Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 41 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 4,605,069 | 92,439 | -2.0% | $761.4M | 8.96% | $165.34 |
| Q4 2025 | 4,697,508 | +35,307 | +0.8% | $753.5M | 8.13% | $160.40 |
| Q3 2025 | 4,662,201 | 211,125 | -4.3% | $756.2M | 8.11% | $162.20 |
| Q2 2025 | 4,873,326 | 143,305 | -2.9% | $887.6M | 9.43% | $182.13 |
| Q1 2025 | 5,016,631 | 173,569 | -3.3% | $796.3M | 8.93% | $158.73 |
| Q4 2024 | 5,190,200 | 196,300 | -3.6% | $624.6M | 7.06% | $120.35 |
| Q3 2024 | 5,386,500 | 79,858 | -1.5% | $653.9M | 6.71% | $121.40 |
| Q2 2024 | 5,466,358 | 84,839 | -1.5% | $553.9M | 5.85% | $101.33 |
| Q1 2024 | 5,551,197 | 526,778 | -8.7% | $508.6M | 5.22% | $91.62 |
| Q4 2023 | 6,077,975 | 162,328 | -2.6% | $571.8M | 5.83% | $94.08 |
| Q3 2023 | 6,240,303 | 74,068 | -1.2% | $577.7M | 6.30% | $92.58 |
| Q2 2023 | 6,314,371 | 115,961 | -1.8% | $616.4M | 6.09% | $97.62 |
| Q1 2023 | 6,430,332 | 27,865 | -0.4% | $625.3M | 6.49% | $97.25 |
| Q4 2022 | 6,458,197 | 394,091 | -5.8% | $653.6M | 7.21% | $101.21 |
| Q3 2022 | 6,852,288 | 87,823 | -1.3% | $568.8M | 6.88% | $83.01 |
| Q2 2022 | 6,940,111 | 65,455 | -0.9% | $685.3M | 7.66% | $98.74 |
| Q1 2022 | 7,005,566 | 235,946 | -3.3% | $658.1M | 6.33% | $93.94 |
| Q4 2021 | 7,241,512 | 272,136 | -3.6% | $687.9M | 6.14% | $95.00 |
| Q3 2021 | 7,513,648 | 387,063 | -4.9% | $712.2M | 6.56% | $94.79 |
| Q2 2021 | 7,900,711 | 206,949 | -2.6% | $783.0M | 6.62% | $99.11 |
| Q1 2021 | 8,107,660 | 299,640 | -3.6% | $719.5M | 6.56% | $88.74 |
| Q4 2020 | 8,407,300 | +158,578 | +1.9% | $696.0M | 6.31% | $82.79 |
| Q3 2020 | 8,248,722 | 1,616 | -0.0% | $618.6M | 6.01% | $74.99 |
| Q2 2020 | 8,250,338 | 289,288 | -3.4% | $578.0M | 5.87% | $70.06 |
| Q1 2020 | 8,539,626 | 324,298 | -3.7% | $623.1M | 6.30% | $72.96 |
| Q4 2019 | 8,863,924 | 219,411 | -2.4% | $754.2M | 5.79% | $85.09 |
| Q3 2019 | 9,083,335 | 234,413 | -2.5% | $689.7M | 5.37% | $75.93 |
| Q2 2019 | 9,317,748 | 306,336 | -3.2% | $731.7M | 5.56% | $78.53 |
| Q1 2019 | 9,624,084 | 400,016 | -4.0% | $850.7M | 6.61% | $88.39 |
| Q4 2018 | 10,024,100 | 277,019 | -2.7% | $669.2M | 5.56% | $66.76 |
| Q3 2018 | 10,301,119 | 96,319 | -0.9% | $840.0M | 6.07% | $81.54 |
| Q2 2018 | 10,397,438 | +17,119 | +0.2% | $839.5M | 6.13% | $80.74 |
| Q1 2018 | 10,380,319 | +237,310 | +2.3% | $1.03B | 7.20% | $99.40 |
| Q4 2017 | 10,143,009 | 47,331 | -0.5% | $1.07B | 7.38% | $105.65 |
| Q3 2017 | 10,190,340 | +1,048 | +0.0% | $1.13B | 8.00% | $111.01 |
| Q2 2017 | 10,189,292 | 124,523 | -1.2% | $1.20B | 8.83% | $117.45 |
| Q1 2017 | 10,313,815 | 49,996 | -0.5% | $1.16B | 9.01% | $112.90 |
| Q4 2016 | 10,363,811 | +49,798 | +0.5% | $948.2M | 8.02% | $91.49 |
| Q3 2016 | 10,314,013 | 176,851 | -1.7% | $1.00B | 8.34% | $97.22 |
| Q2 2016 | 10,490,864 | 20,939 | -0.2% | $1.07B | 8.94% | $101.72 |
| Q1 2016 | 10,511,803 | — | — | $1.03B | 8.71% | $98.11 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did GARDNER RUSSO & QUINN LLC first disclose a PM position in 13F-HR filings?
GARDNER RUSSO & QUINN LLC first reported PHILIP MORRIS INTL INC (PM) on its 13F-HR filing for the period ending 2016-03-31 (Q1 2016). The position has appeared on 41 reported quarters within Pactolio's tracked window.
What was GARDNER RUSSO & QUINN LLC's most recent quarter-over-quarter share-count change in PM?
Between Q4 2025 and Q1 2026, GARDNER RUSSO & QUINN LLC reduced its PM position by 92,439 shares (-2.0%), leaving 4,605,069 shares at a market value of $761.4M.
Does the implied price-per-share represent GARDNER RUSSO & QUINN LLC's cost basis in PM?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.