Bronte Capital increases Philip Morris International stake to 1.6%, with holdings valued at USD 26.5

Bronte Capital Management Pty Ltd disclosed in an SEC filing that it increased its stake in Philip Morris International by 1.6% in the second quarter, making it a core holding in its portfolio. In addition, other institutional investors and hedge funds also increased their positions in Philip Morris International.

According to a recent report filed with the U.S. Securities and Exchange Commission (SEC), Bronte Capital Management Pty Ltd increased its holdings in Philip Morris International Inc. (PMI) by 1.6% during the second quarter. 

After purchasing an additional 4,193 shares, the firm now owns 271,886 shares of the company. Philip Morris International accounts for 2.6% of Bronte Capital Management Pty’s portfolio, making it its fifteenth-largest holding. 

Bronte Capital Management Pty Ltd’s investment in Philip Morris International is valued at USD 26.542 million. 

In addition to Bronte Capital Management Pty Ltd, other institutional investors and hedge funds also adjusted their PMI holdings. For example, Concord Wealth Partners increased its PMI position by 53.8% in the second quarter; OVERSEA CHINESE BANKING Corp Ltd increased its PMI holdings by 152.1% in the second quarter; and Keystone Financial Group purchased a new PMI position in the second quarter valued at USD 1.588 million.