Terry Smith acquired 15.8 Million Philip Morris International shares worth $1.48 Billion. That's 6.60% of their entire equity portfolio (4th largest holding). The first Philip Morris International trade was made in Q1 2013. Since then Terry Smith bought shares 31 more times and sold shares on eight occasions. The stake costed the investor $1.39 Billion, netting the investor a gain of 6.2% so far.