Terry Smith acquired 16.5 Million Philip Morris International shares worth $1.61 Billion. That's 6.43% of their entire equity portfolio (2nd largest holding). The investor owns 1.06% of the outstanding Philip Morris International stock. The first Philip Morris International trade was made in Q1 2013. Since then Terry Smith bought shares 29 more times and sold shares on five occasions. The stake costed the investor $1.45 Billion, netting the investor a gain of 11% so far.