Group 1: Company Performance - Broyhill Asset Management reported a 3.7% net appreciation in its Broyhill Partners fund for Q2 2025, which is lower than the MSCI All Country World Index's return of 11.7% for the same period [1] - Over the six months ending June 30, the fund achieved a return of 6.6%, compared to the index's 10.3% [1] Group 2: Philip Morris International Inc. (NYSE:PM) - Philip Morris International Inc. experienced a 16% gain in Q2 2025, driven by its smoke-free product portfolio, particularly ZYN and IQOS [3] - The stock's one-month return was -5.82%, but it appreciated by 33.92% over the past 52 weeks, closing at $161.76 on September 18, 2025, with a market capitalization of $251.794 billion [2] - Despite the stock's valuation expanding to around 20x forward earnings, it still trades below market multiples, indicating a strong growth potential in the consumer staples sector [3] - Philip Morris was held by 111 hedge fund portfolios at the end of Q2 2025, an increase from 104 in the previous quarter [4]