First Eagle Investment Management significantly increased its position in Philip Morris International, buying an estimated $1.08 billion worth of shares. The purchase boosted its total holding by 101.12% to 11.85 million shares, valued at approximately $2.14 billion at the end of the second quarter.
This trade information comes from a quarterly 13F filing, which discloses positions held as of June 30, 2026, and was made public on August 24. These filings provide a delayed snapshot of an institutional investor's portfolio and do not reflect real-time trading activity. The move increased Philip Morris's weight in First Eagle's reported portfolio from 1.65% to 3.53%.