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I list each promotion. Shows your growth.
I've seen HR people suggest listing promotions in a stack. It indicates that you were highly thought of at a job, and made progress. The last title you held may matter most, but it can look more impressive to show that you climbed the ladder a little.
You should definitely include them! Just briefly mention, but showing career progression is helpful
I only ever list my highest position. If your other positions held in the same company were of significant value, then you can explain more when making your bullet points explaining your tenure. I can see why others would want to list all. It boosts your resume more to your next employer