Altria Group Shares Sold by Primecap Management Co. CA

Institutional investor reduces stake in tobacco giant

Feb. 28, 2026 at 10:59am

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Primecap Management Co. CA, a major institutional investor, reduced its holdings in Altria Group, Inc. (NYSE:MO) by 7.8% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The fund now owns 341,800 shares of the company's stock, valued at $22.6 million.

Why it matters

Altria Group is one of the largest tobacco companies in the United States, and changes in institutional ownership can signal shifts in investor sentiment towards the stock and the broader tobacco industry. This move by Primecap Management Co. CA may reflect broader concerns about the long-term outlook for traditional tobacco products.

The details

According to the 13F filing, Primecap Management Co. CA sold 29,100 shares of Altria Group during the third quarter. The fund now holds a total of 341,800 shares, down from 370,900 shares at the end of the previous quarter. Altria Group's stock price has fluctuated in recent months, with the company facing ongoing regulatory and public health challenges in the tobacco industry.

  • Primecap Management Co. CA reduced its Altria Group holdings during the 3rd quarter of 2025.

The players

Primecap Management Co. CA

A major institutional investor that manages over $500 billion in assets.

Altria Group, Inc.

A leading U.S. tobacco company that manufactures and sells cigarettes, smokeless tobacco, and cigars.

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The takeaway

The reduction in Primecap Management Co. CA's Altria Group holdings may signal broader concerns about the long-term outlook for traditional tobacco products, as the industry faces increasing regulatory and public health challenges.