According to a recent report from the US Securities and Exchange Commission (SEC), Bronte Capital Management Pty Ltd increased its holdings in Philip Morris International Inc. (PMI) by 1.6% in the second quarter.
After acquiring 4,193 shares, the company now holds a total of 271,886 shares in the company. Philip Morris International accounts for 2.6% of Bronte Capital Management Pty’s investment portfolio, making it the fifteenth largest holding in their portfolio.
Bronte Capital Management Pty Ltd’s investment value in Philip Morris International is $26.542 million.
In addition to Bronte Capital Management Pty Ltd, other institutional investors and hedge funds have also adjusted their holdings in PMI. Concord Wealth Partners increased its stake in PMI by 53.8% in the second quarter. Oversea Chinese Banking Corp Ltd increased its stake in PMI by 152.1% in the second quarter. Keystone Financial Group purchased a new position in PMI worth $1.588 million in the second quarter.