International Business Machines Corporation
US ˙ NYSE ˙ US4592001014

SecurityIBM / International Business Machines Corporation
InstitutionSPC Financial, Inc.
Latest Disclosed Ownership18,380 shares
Latest Disclosed Value $ 5,186,027
SPC Financial, Inc. reports 0.25% increase in ownership of IBM / International Business Machines Corporation

On November 5, 2025 - SPC Financial, Inc. filed a 13F-HR form disclosing ownership of 18,380 shares of International Business Machines Corporation (US:IBM) valued at $5,186,101 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 25, 2025 disclosing 18,335 shares of International Business Machines Corporation. This represents a change in shares of 0.25% during the quarter. The current value of the position is $5,235,359 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-11-05 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 18,380 45 0.25 5,186 -4.03 0.4051
2025-07-25 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 18,335 -529 -2.80 5,405 15.22 0.4526
2025-05-08 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 18,864 600 3.29 4,691 16.84 0.4124
2025-02-06 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 18,264 1,148 6.71 4,015 6.08 0.3500
2024-10-16 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 17,116 479 2.88 3,784 31.53 0.3333
2024-08-21 2024-06-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 16,637 127 0.77 2,877 -8.72 0.2663
2024-08-02 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 16,637 127 2,877 0.2663
2024-05-03 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 16,510 -36 -0.22 3,153 16.48 0.2962
2024-02-05 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 16,546 495 3.08 2,706 20.21 0.2758
2023-11-09 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 16,051 81 0.51 2,252 5.38 0.2527
2023-08-03 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 15,970 -359 -2.20 2,137 -0.19 0.2312
2023-05-09 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 16,329 553 3.51 2,141 -3.69 0.2441
2023-02-01 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 15,776 10,417 194.38 2,223 248.82 0.2628
2022-10-27 2022-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 5,359 425 8.61 637 -8.61 0.0793
2022-08-03 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,934 94 1.94 697 10.81 0.0860
2022-05-02 2022-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,840 220 4.76 629 1.78 0.0730
2022-01-31 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,620 -405 -8.06 618 -11.46 0.0689
2021-11-05 2021-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 5,025 116 2.36 698 -3.06 0.0865
2021-07-29 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,909 57 1.17 720 11.28 0.0873
2021-04-22 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,852 350 7.77 647 14.11 0.0853
2021-01-29 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,502 -60 -1.32 567 2.16 0.0798
2020-10-26 2020-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,562 250 5.80 555 6.53 0.0957
2020-07-24 2020-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,312 100 2.37 521 11.56 0.1085
2020-04-16 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,212 197 4.91 467 -13.20 0.1191
2020-01-23 2019-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,015 -1,042 -20.61 538 -26.80 0.0985
2019-10-18 2019-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 5,057 160 3.27 735 8.89 0.1553
2019-08-01 2019-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,897 450 10.12 675 7.66 0.1359
2019-04-26 2019-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,447 200 4.71 627 29.81 0.1343
2019-01-25 2018-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,247 -274 -6.06 483 -29.39 0.1333
2018-10-25 2018-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,521 0 0.00 684 8.23 0.1369
2018-07-20 2018-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,521 0 0.00 632 -8.93 0.1379
2018-04-30 2018-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,521 -275 -5.73 694 -5.71 0.1582
2018-01-16 2017-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,796 1,450 43.34 736 51.75 0.1704
2017-10-27 2017-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,346 1,300 63.54 485 53.97 0.1201
2017-07-25 2017-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,046 -54 -2.57 315 -13.93 0.0835
2017-04-25 2017-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,100 -759 -26.55 366 -22.95 0.1022
2017-02-02 2016-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,859 0 0.00 475 4.63 0.1448
2016-10-21 2016-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,859 -20 -0.69 454 3.89 0.1460
2016-07-21 2016-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,879 0 0.00 437 0.23 0.1580
2016-05-06 2016-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,879 0 0.00 436 10.10 0.1657
2016-02-04 2015-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,879 -237 -7.61 396 -12.39 0.1558
2015-10-22 2015-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,116 -240 -7.15 452 -17.22 0.1944
2015-07-23 2015-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,356 0 0.00 546 1.30 0.1530
2015-04-29 2015-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,356 -10 -0.30 539 -0.19 0.1481
2015-03-06 2014-12-31 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 3,366 92 2.81 540 -13.18 0.1571
2015-03-06 2014-09-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 3,274 -41 -1.24 622 3.49 0.1804
2014-10-24 2014-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,274 622
2014-07-28 2014-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,315 -70 -2.07 601 -7.82 0.1682
2014-04-18 2014-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,385 401 13.44 652 16.43 0.1981
2014-02-03 2013-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,984 -113 -3.65 560 -2.44 0.1752
2013-10-23 2013-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,097 -187 -5.69 574 -8.60 0.2038
2013-07-22 2013-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,284 3,284 628 0.2429
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.