TD Asset Management Boosts Altria Group Holdings

Asset management firm increases stake in tobacco company by 5.8% in Q3 2025

Published on Feb. 27, 2026

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TD Asset Management Inc. lifted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 5.8% during the third quarter of 2025, according to the company's recent Form 13F filing with the Securities and Exchange Commission. The fund now owns 823,063 shares of the tobacco company's stock, valued at $54,372,000 at the end of the reporting period.

Why it matters

Altria Group is one of the largest tobacco companies in the United States, with a portfolio that includes iconic cigarette brands like Marlboro. The increase in TD Asset Management's stake suggests the firm sees continued growth potential in Altria's business, despite ongoing regulatory and public health concerns around the tobacco industry.

The details

TD Asset Management acquired an additional 45,260 shares of Altria Group during the third quarter, bringing its total holdings to 823,063 shares. This represents a 5.8% increase in the firm's position compared to the prior quarter. Altria Group's stock has traded in the range of $52.82 to $70.24 over the past 52 weeks, closing at $69.42 on the most recent trading day.

  • TD Asset Management filed its Q3 2025 Form 13F on February 27, 2026.
  • The reporting period for the 13F filing was the third quarter of 2025.

The players

TD Asset Management Inc.

A Canadian investment management firm that oversees over $400 billion in assets.

Altria Group, Inc.

A major American tobacco company that manufactures and sells cigarettes, smokeless tobacco, and other tobacco products.

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What they’re saying

“We must continue to monitor Altria Group's performance and industry trends as we evaluate our investment strategy.”

— Spokesperson, TD Asset Management (Marketbeat)

The takeaway

TD Asset Management's increased stake in Altria Group suggests the firm sees long-term value in the tobacco company, despite ongoing public health concerns and regulatory pressures facing the industry. This move highlights the continued appeal of Altria's market-leading brands and the firm's ability to generate consistent cash flows for investors.