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Here’s Why Philip Morris (PM) Gained 21% in Q3

Broyhill Asset Management, an investment advisor, released a third-quarter 2024, investor letter. A copy of the letter can be downloaded here. Broyhill Partners appreciated 6% net of all fees and expenses in the third quarter. The top contributors in the quarter were Philip Morris, Fiserv, Avantor, and Baxter. There was only one material detractor: Dollar General. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

Broyhill Asset Management highlighted stocks like Philip Morris International Inc. (NYSE:PM) in the third quarter 2024 investor letter....