British American Tobacco p.l.c.
BTI- Exchange
- NYSE
- Industry
- Cigarettes
- SEC CIK
- 0001303523
No open-market purchases or sales by British American Tobacco p.l.c. insiders were filed in the last 90 days; 910 institutions reported holding it in 13F filings for Q2 2026, worth $20.2B in total; Maverick Capital is the only superinvestor holding it.
Other share classesBTAFF
13F holders, Q4 2025
Institutional positions in British American Tobacco p.l.c. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 825
- +72 vs. Q3 2025
- Shares held
- 289.7M
- +11.6M (+4.2%) vs. Q3 2025
- Total value
- $16.4B
- +$1.64B (+11.1%) vs. Q3 2025
- New holders
- 142
- 322 more added
- Sold out
- 70
- 241 more reduced
18 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting BTI on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 910 | $20.2B |
| Q1 2026 | 870 | $18.7B |
| Q4 2025 | 825 | $16.4B |
| Q3 2025 | 771 | $14.8B |
| Q2 2025 | 718 | $12.3B |
| Q1 2025 | 646 | $8.78B |
| Q4 2024 | 620 | $6.90B |
| Q3 2024 | 610 | $6.77B |
| Q2 2024 | 564 | $4.88B |
| Q1 2024 | 573 | $4.43B |
| Q4 2023 | 551 | $4.00B |
| Q3 2023 | 551 | $4.53B |
| Q2 2023 | 572 | $5.07B |
| Q1 2023 | 573 | $6.05B |
| Q4 2022 | 585 | $6.76B |
| Q3 2022 | 533 | $5.18B |
| Q2 2022 | 573 | $6.47B |
| Q1 2022 | 552 | $6.22B |
| Q4 2021 | 532 | $4.58B |
| Q3 2021 | 487 | $3.80B |
| Q2 2021 | 480 | $4.63B |
| Q1 2021 | 473 | $4.47B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding British American Tobacco p.l.c.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Capital International Investors | 64,389,481 | $3.65B | 0.57% | +332,062+0.5% | Added |
| FMR LLC | 31,095,442 | $1.76B | 0.09% | +10,675,400+52.3% | Added |
| GQG Partners LLC | 28,062,747 | $1.59B | 2.62% | −492,122−1.7% | Reduced |
| Capital Research Global Investors | 22,333,402 | $1.26B | 0.23% | +264,511+1.2% | Added |
| BlackRock, Inc. | 10,627,783 | $601.7M | 0.01% | −265,785−2.4% | Reduced |
| Capital World Investors | 9,518,567 | $538.9M | 0.07% | +47,858+0.5% | Added |
| Orbis Allan Gray Ltd | 9,300,901 | $526.6M | 2.21% | −220,229−2.3% | Reduced |
| Bank of America Corp | 7,242,267 | $410.1M | 0.03% | +307,475+4.4% | Added |
| Morgan Stanley | 4,812,348 | $272.5M | 0.02% | −452,113−8.6% | Reduced |
| Wells Fargo & Company | 3,847,891 | $217.9M | 0.04% | +256,554+7.1% | Added |
| Federated Hermes, Inc. | 3,777,292 | $213.9M | 0.36% | −1,8450.0% | Reduced |
| Mondrian Investment Partners LTD | 3,745,088 | $212.0M | 3.50% | −440,517−10.5% | Reduced |
| Natixis Advisors, L.P. | 3,266,600 | $185.0M | 0.26% | +164,798+5.3% | Added |
| Envestnet Asset Management Inc | 2,980,787 | $168.8M | 0.05% | −43,130−1.4% | Reduced |
| Raymond James Financial Inc | 2,957,745 | $167.5M | 0.05% | +104,965+3.7% | Added |
| Bridgewater Associates, LP | 2,952,078 | $167.1M | 0.61% | −790,642−21.1% | Reduced |
| JPMorgan Chase & Co | 2,641,287 | $149.5M | 0.01% | −82,830−3.0% | Reduced |
| Newport Trust Co | 2,611,105 | $147.8M | 0.35% | +8,952+0.3% | Added |
| Goldman Sachs Group Inc | 2,602,504 | $147.4M | 0.02% | −731,550−21.9% | Reduced |
| Northern Trust Corp | 2,478,557 | $140.3M | 0.02% | −43,098−1.7% | Reduced |
| Two Sigma Investments, LP | 2,366,970 | $134.0M | 0.20% | −16,975−0.7% | Reduced |
| Empyrean Capital Partners, LP | 2,200,000 | $124.6M | 4.34% | 00.0% | Unchanged |
| Citadel Advisors LLC | 2,167,126 | $122.7M | 0.08% | +798,493+58.3% | Added |
| LPL Financial LLC | 2,092,770 | $118.5M | 0.03% | +110,113+5.6% | Added |
| Royal Bank of Canada | 2,043,558 | $115.7M | 0.02% | −9,075−0.4% | Reduced |
| Maple Rock Capital Partners Inc. | 1,655,300 | $93.7M | 3.10% | +485,500+41.5% | Added |
| Qube Research & Technologies Ltd | 1,545,814 | $87.5M | 0.13% | −168,716−9.8% | Reduced |
| Grantham, Mayo, Van Otterloo & Co. LLC | 1,521,732 | $86.2M | 0.22% | −162,193−9.6% | Reduced |
| Balyasny Asset Management LLC | 1,515,996 | $85.8M | 0.16% | +759,460+100.4% | Added |
| First Eagle Investment Management, LLC | 1,407,980 | $79.7M | 0.14% | +123,430+9.6% | Added |
| Cullen Capital Management LLC | 1,334,963 | $75.6M | 0.83% | +1630.0% | Added |
| Two Sigma Advisers, LP | 1,282,400 | $72.6M | 0.14% | +259,000+25.3% | Added |
| Capital International Inc | 1,253,448 | $71.0M | 0.56% | +117,382+10.3% | Added |
| Marshall Wace, LLP | 1,246,575 | $70.6M | 0.07% | +906,850+266.9% | Added |
| Madison Avenue Partners, LP | 1,223,767 | $69.3M | 2.98% | 00.0% | Unchanged |
| Millennium Management LLC | 955,760 | $54.1M | 0.04% | −587,830−38.1% | Reduced |
| Abc Arbitrage SA | 918,653 | $52.0M | 4.87% | +147,630+19.1% | Added |
| Optiver Holding B.V. | 853,096 | $48.3M | 0.87% | +769,821+924.4% | Added |
| Capital Fund Management S.A. | 839,427 | $47.5M | 0.45% | +216,140+34.7% | Added |
| First Trust Advisors LP | 806,799 | $45.7M | 0.03% | −45,965−5.4% | Reduced |
| Todd Asset Management LLC | 800,230 | $45.3M | 0.88% | −3,202−0.4% | Reduced |
| State Street Corp | 755,785 | $43.4M | 0.00% | +8,544+1.1% | Added |
| Dimensional Fund Advisors LP | 757,630 | $42.9M | 0.01% | −25,330−3.2% | Reduced |
| SEI Investments Co | 743,788 | $42.1M | 0.04% | +500,371+205.6% | Added |
| SG Americas Securities, LLC | 739,687 | $41.9M | 0.06% | +726,169+5,371.9% | Added |
| 1832 Asset Management L.P. | 734,300 | $41.6M | 0.05% | +723,900+6,960.6% | Added |
| Callodine Capital Management, LP | 680,377 | $38.5M | 3.09% | +72,577+11.9% | Added |
| Stifel Financial Corp | 639,748 | $36.2M | 0.03% | +41,594+7.0% | Added |
| Euro Pacific Asset Management, LLC | 657,883 | $34.7M | 3.86% | −2,600−0.4% | Reduced |
| Teachers Retirement System of the State of Kentucky | 589,730 | $33.4M | 0.25% | 00.0% | Unchanged |
| Invesco Ltd. | 578,458 | $32.8M | 0.00% | −10,259−1.7% | Reduced |
| Massachusetts Financial Services Co | 565,723 | $32.0M | 0.01% | +171,831+43.6% | Added |
| McGowan Group Asset Management, Inc. | 559,252 | $31.7M | 3.93% | +2,385+0.4% | Added |
| Assetmark, Inc | 557,887 | $31.6M | 0.06% | +23,141+4.3% | Added |
| Advisor Group Holdings, Inc. | 525,887 | $29.8M | 0.04% | −60,483−10.3% | Reduced |
| O'Shaughnessy Asset Management, LLC | 487,143 | $27.6M | 0.15% | −27,313−5.3% | Reduced |
| Causeway Capital Management LLC | 483,138 | $27.4M | 0.38% | +24,435+5.3% | Added |
| Investment Management Associates Inc | 453,806 | $25.7M | 7.19% | −119,786−20.9% | Reduced |
| Lockheed Martin Investment Management Co | 440,400 | $24.9M | 0.83% | +18,600+4.4% | Added |
| Truist Financial Corp | 429,485 | $24.3M | 0.03% | +2,201+0.5% | Added |
| Smith Thomas W | 397,500 | $22.5M | 20.81% | +397,500 | New |
| GW Henssler & Associates Ltd | 382,934 | $21.7M | 1.04% | −12,925−3.3% | Reduced |
| Cetera Investment Advisers | 378,856 | $21.5M | 0.02% | +21,561+6.0% | Added |
| BNP Paribas Arbitrage, SA | 374,835 | $21.2M | 0.01% | +38,977+11.6% | Added |
| Crawford Investment Counsel Inc | 373,483 | $21.1M | 0.35% | +19,903+5.6% | Added |
| Quantinno Capital Management LP | 356,061 | $20.2M | 0.04% | +46,670+15.1% | Added |
| Adams Asset Advisors, LLC | 343,016 | $19.4M | 2.56% | −3,533−1.0% | Reduced |
| UBS Group AG | 326,669 | $18.5M | 0.00% | +12,930+4.1% | Added |
| Bank of New York Mellon Corp | 323,754 | $18.3M | 0.00% | +9,815+3.1% | Added |
| Epacria Capital Partners, LLC | 315,531 | $17.9M | 14.15% | 00.0% | Unchanged |
| CIBC World Markets Inc. | 314,615 | $17.8M | 0.03% | −12,641−3.9% | Reduced |
| D. E. Shaw & Co., Inc. | 310,167 | $17.6M | 0.01% | +310,167 | New |
| HRT Financial LP | 306,764 | $17.4M | 0.05% | +299,557+4,156.5% | Added |
| Deutsche Bank AG | 303,950 | $17.2M | 0.01% | +300,665+9,152.7% | Added |
| Charles Schwab Investment Management Inc | 299,376 | $17.0M | 0.00% | +38,141+14.6% | Added |
| Dupree Financial Group, LLC | 290,937 | $16.5M | 6.00% | +446+0.2% | Added |
| Commonwealth Equity Services, LLC | 289,839 | $16.4M | 0.02% | −15,290−5.0% | Reduced |
| U.S. Capital Wealth Advisors, LLC | 288,615 | $16.3M | 0.43% | +3,676+1.3% | Added |
| Modern Wealth Management, LLC | 281,684 | $15.9M | 0.29% | +3,399+1.2% | Added |
| SBI Securities Co., Ltd. | 279,724 | $15.8M | 0.41% | −5,608−2.0% | Reduced |
| ExodusPoint Capital Management, LP | 276,417 | $15.7M | 0.17% | +276,417 | New |
| Creative Planning | 256,916 | $14.5M | 0.01% | +24,767+10.7% | Added |
| Susquehanna International Group, LLP | 255,856 | $14.5M | 0.02% | −317,392−55.4% | Reduced |
| MML Investors Services, LLC | 250,789 | $14.2M | 0.03% | +25,542+11.3% | Added |
| Russell Investments Group, Ltd. | 248,118 | $14.0M | 0.02% | +26,167+11.8% | Added |
| Capital Wealth Planning, LLC | 246,415 | $13.9M | 0.09% | +71,191+40.6% | Added |
| Prescott General Partners LLC | 220,100 | $12.5M | 0.89% | 00.0% | Unchanged |
| Auxier Asset Management | 219,814 | $12.4M | 1.75% | −3,724−1.7% | Reduced |
| Gateway Investment Advisers LLC | 213,782 | $12.1M | 0.11% | +205+0.1% | Added |
| Wellington Management Group LLP | 211,628 | $12.0M | 0.00% | +4,579+2.2% | Added |
| AQR Capital Management LLC | 206,746 | $11.7M | 0.01% | +36,535+21.5% | Added |
| Oppenheimer Asset Management Inc. | 206,305 | $11.7M | 0.14% | −12,445−5.7% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 205,681 | $11.6M | 0.03% | +37,201+22.1% | Added |
| HighTower Advisors, LLC | 197,608 | $11.2M | 0.01% | +171+0.1% | Added |
| Viking Fund Management LLC | 190,000 | $10.8M | 1.25% | +2,000+1.1% | Added |
| Barclays PLC | 185,077 | $10.5M | 0.00% | −62,691−25.3% | Reduced |
| QRG Capital Management, Inc. | 177,534 | $10.1M | 0.11% | +19,577+12.4% | Added |
| Ameriprise Financial Inc | 174,819 | $9.92M | 0.00% | −28,472−14.0% | Reduced |
| Factory Mutual Insurance Co | 173,589 | $9.83M | 0.10% | +109,444+170.6% | Added |
| TrueMark Investments, LLC | 173,168 | $9.80M | 1.87% | +18,977+12.3% | Added |