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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.

Institutional holdersQ4 2025: 825 institutions
Q1 2021: 473 institutionsQ2 2021: 480 institutionsQ3 2021: 487 institutionsQ4 2021: 532 institutionsQ1 2022: 552 institutionsQ2 2022: 573 institutionsQ3 2022: 533 institutionsQ4 2022: 585 institutionsQ1 2023: 573 institutionsQ2 2023: 572 institutionsQ3 2023: 551 institutionsQ4 2023: 551 institutionsQ1 2024: 573 institutionsQ2 2024: 564 institutionsQ3 2024: 610 institutionsQ4 2024: 620 institutionsQ1 2025: 646 institutionsQ2 2025: 718 institutionsQ3 2025: 771 institutionsQ4 2025: 825 institutionsQ1 2026: 870 institutionsQ2 2026: 910 institutions
Value heldQ4 2025: $16.4B
Q1 2021: $4.47BQ2 2021: $4.63BQ3 2021: $3.80BQ4 2021: $4.58BQ1 2022: $6.22BQ2 2022: $6.47BQ3 2022: $5.18BQ4 2022: $6.76BQ1 2023: $6.05BQ2 2023: $5.07BQ3 2023: $4.53BQ4 2023: $4.00BQ1 2024: $4.43BQ2 2024: $4.88BQ3 2024: $6.77BQ4 2024: $6.90BQ1 2025: $8.78BQ2 2025: $12.3BQ3 2025: $14.8BQ4 2025: $16.4BQ1 2026: $18.7BQ2 2026: $20.2B
Institutions holding BTI and their total value by quarter
QuarterHoldersValue
Q2 2026910$20.2B
Q1 2026870$18.7B
Q4 2025825$16.4B
Q3 2025771$14.8B
Q2 2025718$12.3B
Q1 2025646$8.78B
Q4 2024620$6.90B
Q3 2024610$6.77B
Q2 2024564$4.88B
Q1 2024573$4.43B
Q4 2023551$4.00B
Q3 2023551$4.53B
Q2 2023572$5.07B
Q1 2023573$6.05B
Q4 2022585$6.76B
Q3 2022533$5.18B
Q2 2022573$6.47B
Q1 2022552$6.22B
Q4 2021532$4.58B
Q3 2021487$3.80B
Q2 2021480$4.63B
Q1 2021473$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.

Institutions holding BTI in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
AMG National Trust Bank43,094$2.44M0.06%−1,700−3.8%Reduced
Range Financial Group LLC43,440$2.46M0.85%+2,880+7.1%Added
Northwestern Mutual Wealth Management Co43,773$2.48M0.00%+15,569+55.2%Added
Townsend & Associates, Inc43,431$2.52M0.23%−1,816−4.0%Reduced
Prosperity Consulting Group, LLC44,839$2.54M0.11%+451+1.0%Added
Laird Norton Trust Company, LLC44,471$2.55M0.05%+44,471New
Phil A. Younker & Associates, Ltd.45,402$2.57M1.79%+494+1.1%Added
Phoenix Holdings Ltd.45,600$2.58M0.03%+3,600+8.6%Added
Employees Retirement System of Texas46,386$2.63M0.02%−40,057−46.3%Reduced
Venturi Wealth Management, LLC46,536$2.63M0.12%+32,189+224.4%Added
Vident Advisory, LLC46,661$2.64M0.02%−4,549−8.9%Reduced
Legal & General Group Plc46,964$2.66M0.00%00.0%Unchanged
DRW Securities, LLC47,873$2.71M0.21%−8,708−15.4%Reduced
Arkadios Wealth Advisors47,983$2.72M0.05%−621−1.3%Reduced
HF Advisory Group, LLC48,054$2.72M0.95%+6,652+16.1%Added
Fulton Bank, N.A.48,137$2.73M0.09%−176−0.4%Reduced
First National Trust Co48,237$2.73M0.09%00.0%Unchanged
AdvisorNet Financial, Inc48,237$2.73M0.15%−798−1.6%Reduced
CI Private Wealth, LLC48,443$2.74M0.00%+4,523+10.3%Added
Global Retirement Partners, LLC49,499$2.80M0.05%+11,721+31.0%Added
LFG Wealth Partners, LLC51,410$2.91M1.86%+51,410New
Bleakley Financial Group, LLC51,612$2.92M0.05%+2,298+4.7%Added
Signaturefd, LLC51,663$2.93M0.04%+1,249+2.5%Added
Equitable Holdings, Inc.52,148$2.95M0.02%−2,764−5.0%Reduced
CWA Asset Management Group, LLC52,308$2.96M0.11%−24,817−32.2%Reduced
California First Leasing Corp52,500$2.97M0.97%00.0%Unchanged
D.A. Davidson & Co.52,852$2.99M0.02%+7,457+16.4%Added
Renaissance Technologies LLC53,099$3.01M0.00%−274,000−83.8%Reduced
Cherokee Insurance Co53,176$3.01M1.22%00.0%Unchanged
Callan Family Office, LLC53,497$3.03M0.07%+25,181+88.9%Added
Colony Group, LLC53,683$3.04M0.00%+20,356+61.1%Added
English Capital Management LLC54,529$3.09M1.93%00.0%Unchanged
Transmarket Holdings LP54,724$3.10M2.26%+54,724New
Galilei Investment Office LLP55,148$3.13M1.47%00.0%Unchanged
Hantz Financial Services, Inc.55,359$3.13M0.05%+25,954+88.3%Added
Uncommon Cents Investing LLC55,715$3.15M0.76%−750−1.3%Reduced
Flow Traders U.S. LLC55,779$3.16M0.10%+55,779New
XTX Topco Ltd56,919$3.22M0.08%−1,955−3.3%Reduced
Ieq Capital, LLC58,420$3.31M0.01%+2,280+4.1%Added
NewEdge Wealth, LLC58,696$3.32M0.04%+187+0.3%Added
Kassira Wealth Management LLC58,703$3.32M3.15%−1,374−2.3%Reduced
Capital International Sarl58,815$3.33M0.05%+15,566+36.0%Added
WCM Investment Management, LLC59,075$3.34M0.01%+28,562+93.6%Added
Meridian Investment Counsel Inc.59,262$3.36M0.81%−275−0.5%Reduced
Quadrant Capital Group LLC59,600$3.38M0.10%−526−0.9%Reduced
M&T Bank Corp60,885$3.45M0.01%+2,068+3.5%Added
Ar Asset Management Inc61,464$3.48M0.71%+1,600+2.7%Added
Kestra Advisory Services, LLC62,307$3.53M0.01%+5,146+9.0%Added
Scotia Capital Inc.62,564$3.54M0.01%+9,941+18.9%Added
China Universal Asset Management Co., Ltd.61,857$3.54M0.27%−45,101−42.2%Reduced
Cloverfields Capital Group, LP64,409$3.65M1.13%+696+1.1%Added
Timelo Investment Management Inc.65,000$3.68M3.91%−17,000−20.7%Reduced
Park Avenue Securities LLC65,331$3.70M0.03%+7,994+13.9%Added
Manske Wealth Management65,391$3.70M1.09%−1,426−2.1%Reduced
CIBC Asset Management Inc65,641$3.72M0.01%−1,521−2.3%Reduced
Orca Wealth Management, LLC62,212$3.83M2.74%+4,892+8.5%Added
Trexquant Investment LP68,014$3.85M0.03%+57,695+559.1%Added
GWM Advisors LLC69,251$3.92M0.01%+10,078+17.0%Added
Neuberger Berman Group LLC69,453$3.93M0.00%+9,154+15.2%Added
Tower Research Capital LLC (TRC)69,509$3.94M0.10%−151,894−68.6%Reduced
First Bank & Trust69,732$3.95M0.64%+12,733+22.3%Added
Cerity Partners LLC70,826$4.01M0.01%+5,527+8.5%Added
Kathmere Capital Management, LLC71,272$4.04M0.27%−2,201−3.0%Reduced
Lifetime Wealth Management P.C.72,160$4.09M2.57%+72,160New
Vise Technologies, Inc.74,936$4.24M0.08%+37,175+98.4%Added
Envestnet Portfolio Solutions, Inc.75,561$4.28M0.02%+3,918+5.5%Added
JustInvest LLC75,911$4.30M0.04%−1,537−2.0%Reduced
Federation des caisses Desjardins du Quebec77,199$4.37M0.02%+967+1.3%Added
Blackstone Group Inc.77,314$4.38M0.02%+53,951+230.9%Added
Pekin Hardy Strauss, Inc.77,611$4.39M0.41%−3,362−4.2%Reduced
BW Gestao de Investimentos Ltda.77,948$4.41M0.16%+77,948New
Wealth High Governance Capital Ltda77,948$4.41M1.29%+77,948New
Fisher Asset Management, LLC78,045$4.42M0.00%+5,298+7.3%Added
Moors & Cabot, Inc.78,070$4.42M0.19%+1,567+2.0%Added
Skopos Labs, Inc.77,588$4.42M0.20%+50,257+183.9%Added
Benjamin Edwards Inc79,007$4.47M0.05%+9,976+14.5%Added
National Bank of Canada79,493$4.50M0.00%+3,463+4.6%Added
PEAK6 LLC79,556$4.50M0.12%+72,204+982.1%Added
First National Bank of Omaha80,719$4.56M0.14%+80,719New
CenterBook Partners LP83,205$4.71M0.23%−35,492−29.9%Reduced
US Bancorp87,806$4.97M0.01%−180.0%Reduced
Stephens Inc89,156$5.05M0.06%+403+0.5%Added
Wealth Enhancement Advisory Services, LLC97,609$5.28M0.01%−1,323−1.3%Reduced
Meritage Portfolio Management94,693$5.36M0.36%−1,351−1.4%Reduced
SALT Holding Corp.95,589$5.41M4.27%+95,589New
Daiwa Securities Group Inc.96,343$5.46M0.02%+11,427+13.5%Added
Citigroup Inc100,147$5.67M0.00%−283,756−73.9%Reduced
The PNC Financial Services Group, Inc.101,968$5.77M0.00%−3,507−3.3%Reduced
Atria Investments LLC105,514$5.97M0.07%+5,779+5.8%Added
Boston Partners109,582$6.20M0.01%+8,563+8.5%Added
Janney Montgomery Scott LLC109,955$6.23M0.01%−279−0.3%Reduced
Vestmark Advisory Solutions, Inc.110,747$6.27M0.08%+43,332+64.3%Added
Wiley Bros.-Aintree Capital, LLC111,027$6.29M0.03%+16,556+17.5%Added
TD Private Client Wealth LLC113,560$6.43M0.14%−5,872−4.9%Reduced
Advisory Research Inc117,802$6.67M0.84%+66,334+128.9%Added
Butensky & Cohen Financial Security, Inc118,175$6.69M1.81%−435−0.4%Reduced
Poehling Capital Management, LLC120,156$6.80M1.39%−398−0.3%Reduced
Stansberry Asset Management, LLC120,517$6.82M0.69%+20,222+20.2%Added
Jones Financial Companies LLLP120,817$6.84M0.00%+13,320+12.4%Added
Wealth High Governance Asset Management Ltda.122,052$6.91M1.24%+122,052New