Group 1 - Fundsmith Equity Fund's T Class Accumulation shares returned 0.8% in 2025, underperforming the MSCI World Index which returned 12.8% [1] - The fund's underperformance is attributed to index concentration, growth of assets in Index Funds, and weakness in the dollar [1] - Since inception, the fund has outperformed the index by 1.7% per annum [1] Group 2 - Philip Morris International Inc. (NYSE:PM) had a one-month return of 2.65% and a 52-week gain of 38.33% [2] - As of January 9, 2026, Philip Morris International's stock closed at $162.61 per share, with a market capitalization of $253.125 billion [2] - The company is recognized for its transition into reduced-risk products (RRPs) such as heat-not-burn tobacco products and nicotine pouches [3] Group 3 - Philip Morris International Inc. was held by 90 hedge fund portfolios at the end of Q3 2025, a decrease from 111 in the previous quarter [3] - While Philip Morris is acknowledged as a potential investment, certain AI stocks are considered to offer greater upside potential with less downside risk [3]