PHILIP MORRIS INTL INC

Ticker: PM CUSIP: 718172109 Class: Common Stock

Global Endowment Management, LP's Holding History (CIK: 0001512237)

Note: Option positions (PUT/CALL) are excluded.

Q2 2019

Shares 22,800 Value ($000) $1,790 Avg Close $58.27 Range $53.58 - $62.74

Q3 2018

Shares 85,440 Value ($000) $6,967 Avg Close $55.49 Range $51.68 - $59.05

Q2 2018

Shares 82,440 Value ($000) $6,656 Avg Close $56.59 Range $50.75 - $68.95

Q1 2018

Shares 4,140 Value ($000) $412 Avg Close $68.70 Range $63.60 - $73.29

Q4 2017

Shares 4,140 Value ($000) $437 Avg Close $69.58 Range $66.26 - $75.19

Q3 2017

Shares 16,140 Value ($000) $1,792 Avg Close $75.24 Range $70.63 - $78.63

Q2 2017

Shares 162,640 Value ($000) $19,101 Avg Close $74.28 Range $69.54 - $79.15

Q1 2017

Shares 162,640 Value ($000) $18,362 Avg Close $65.59 Range $57.11 - $73.45

Q4 2016

Shares 160,640 Value ($000) $14,697 Avg Close $58.23 Range $54.46 - $61.63

Q3 2016

Shares 160,640 Value ($000) $15,617 Avg Close $62.27 Range $60.22 - $64.72

Q2 2016

Shares 160,640 Value ($000) $16,340 Avg Close $61.40 Range $58.97 - $63.30

Q1 2016

Shares 160,640 Value ($000) $15,760 Avg Close $55.87 Range $51.40 - $61.20

Q4 2015

Shares 150,440 Value ($000) $13,225 Avg Close $52.28 Range $47.15 - $54.45

Q3 2015

Shares 195,830 Value ($000) $15,535 Avg Close $48.90 Range $45.45 - $51.37

Q2 2015

Shares 194,520 Value ($000) $15,595 Avg Close $48.32 Range $44.16 - $50.98

Q1 2015

Shares 3,220 Value ($000) $243 Avg Close $47.07 Range $44.17 - $49.41

Q4 2014

Shares 3,220 Value ($000) $262 Avg Close $49.22 Range $46.45 - $51.65

Q3 2014

Shares 3,220 Value ($000) $269 Avg Close $47.89 Range $45.93 - $49.13

Q2 2014

Shares 3,220 Value ($000) $271 Avg Close $48.23 Range $45.73 - $51.29

Q1 2014

Shares 3,220 Value ($000) $264 Avg Close $44.74 Range $41.65 - $48.24

Q4 2013

Shares 3,220 Value ($000) $281 Avg Close $47.83 Range $45.86 - $50.23

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2019	22,800	$1,790	$58.27	$53.58 - $62.74
Q3 2018	85,440	$6,967	$55.49	$51.68 - $59.05
Q2 2018	82,440	$6,656	$56.59	$50.75 - $68.95
Q1 2018	4,140	$412	$68.70	$63.60 - $73.29
Q4 2017	4,140	$437	$69.58	$66.26 - $75.19
Q3 2017	16,140	$1,792	$75.24	$70.63 - $78.63
Q2 2017	162,640	$19,101	$74.28	$69.54 - $79.15
Q1 2017	162,640	$18,362	$65.59	$57.11 - $73.45
Q4 2016	160,640	$14,697	$58.23	$54.46 - $61.63
Q3 2016	160,640	$15,617	$62.27	$60.22 - $64.72
Q2 2016	160,640	$16,340	$61.40	$58.97 - $63.30
Q1 2016	160,640	$15,760	$55.87	$51.40 - $61.20
Q4 2015	150,440	$13,225	$52.28	$47.15 - $54.45
Q3 2015	195,830	$15,535	$48.90	$45.45 - $51.37
Q2 2015	194,520	$15,595	$48.32	$44.16 - $50.98
Q1 2015	3,220	$243	$47.07	$44.17 - $49.41
Q4 2014	3,220	$262	$49.22	$46.45 - $51.65
Q3 2014	3,220	$269	$47.89	$45.93 - $49.13
Q2 2014	3,220	$271	$48.23	$45.73 - $51.29
Q1 2014	3,220	$264	$44.74	$41.65 - $48.24
Q4 2013	3,220	$281	$47.83	$45.86 - $50.23