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 |
|---|---|---|---|---|---|
| Cambridge Investment Research Advisors, Inc. | 122,878 | $6.96M | 0.02% | −10,165−7.6% | Reduced |
| Davenport & Co LLC | 124,447 | $7.05M | 0.04% | +5,291+4.4% | Added |
| Sanctuary Advisors, LLC | 126,690 | $7.17M | 0.04% | +5,444+4.5% | Added |
| Mercer Global Advisors Inc | 127,846 | $7.24M | 0.01% | +3,457+2.8% | Added |
| Verition Fund Management LLC | 140,000 | $7.93M | 0.04% | +15,000+12.0% | Added |
| Kennon-Green & Company, LLC | 140,634 | $7.96M | 6.32% | −14,098−9.1% | Reduced |
| Kize Capital LP | 141,000 | $7.98M | 9.42% | −24,000−14.5% | Reduced |
| Inlet Private Wealth, LLC | 141,128 | $7.99M | 1.85% | −6,000−4.1% | Reduced |
| Logan Capital Management Inc | 143,005 | $8.10M | 0.34% | +13,402+10.3% | Added |
| Zions Bancorporation, National Association | 144,011 | $8.15M | 0.38% | −28,673−16.6% | Reduced |
| Ritholtz Wealth Management | 146,734 | $8.31M | 0.15% | −7,008−4.6% | Reduced |
| First Sabrepoint Capital Management LP | 150,000 | $8.49M | 3.49% | −160,000−51.6% | Reduced |
| Moran Wealth Management, LLC | 153,087 | $8.67M | 0.27% | +20.0% | Added |
| K2 Principal Fund, L.P. | 155,735 | $8.82M | 0.91% | +90,379+138.3% | Added |
| Savoir Faire Capital Management, L.P. | 156,783 | $8.88M | 4.21% | −91,899−37.0% | Reduced |
| Philip James Wealth Mangement, LLC | 159,013 | $9.00M | 1.04% | −1,190−0.7% | Reduced |
| Manning & Napier Advisors LLC | 161,234 | $9.13M | 0.12% | −17,554−9.8% | Reduced |
| Brinker Capital Investments, LLC | 161,736 | $9.16M | 0.07% | +19,921+14.0% | Added |
| Mariner, LLC | 162,893 | $9.22M | 0.01% | +2,091+1.3% | Added |
| Pathstone Holdings, LLC | 163,021 | $9.24M | 0.04% | −1,997−1.2% | Reduced |
| Night Squared LP | 165,951 | $9.40M | 2.65% | +165,951 | New |
| Altrius Capital Management Inc | 166,742 | $9.44M | 2.00% | +6,263+3.9% | Added |
| Keystone Financial Planning, Inc. | 167,249 | $9.47M | 2.75% | −3,806−2.2% | Reduced |
| Bank of Montreal | 169,953 | $9.62M | 0.00% | −138,654−44.9% | Reduced |
| Opal Capital LLC | 171,698 | $9.72M | 2.43% | +171,698 | New |
| TrueMark Investments, LLC | 173,168 | $9.80M | 1.87% | +18,977+12.3% | Added |
| Factory Mutual Insurance Co | 173,589 | $9.83M | 0.10% | +109,444+170.6% | Added |
| Ameriprise Financial Inc | 174,819 | $9.92M | 0.00% | −28,472−14.0% | Reduced |
| QRG Capital Management, Inc. | 177,534 | $10.1M | 0.11% | +19,577+12.4% | Added |
| Barclays PLC | 185,077 | $10.5M | 0.00% | −62,691−25.3% | Reduced |
| Viking Fund Management LLC | 190,000 | $10.8M | 1.25% | +2,000+1.1% | Added |
| HighTower Advisors, LLC | 197,608 | $11.2M | 0.01% | +171+0.1% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 205,681 | $11.6M | 0.03% | +37,201+22.1% | Added |
| Oppenheimer Asset Management Inc. | 206,305 | $11.7M | 0.14% | −12,445−5.7% | Reduced |
| AQR Capital Management LLC | 206,746 | $11.7M | 0.01% | +36,535+21.5% | Added |
| Wellington Management Group LLP | 211,628 | $12.0M | 0.00% | +4,579+2.2% | Added |
| Gateway Investment Advisers LLC | 213,782 | $12.1M | 0.11% | +205+0.1% | Added |
| Auxier Asset Management | 219,814 | $12.4M | 1.75% | −3,724−1.7% | Reduced |
| Prescott General Partners LLC | 220,100 | $12.5M | 0.89% | 00.0% | Unchanged |
| Capital Wealth Planning, LLC | 246,415 | $13.9M | 0.09% | +71,191+40.6% | Added |
| Russell Investments Group, Ltd. | 248,118 | $14.0M | 0.02% | +26,167+11.8% | Added |
| MML Investors Services, LLC | 250,789 | $14.2M | 0.03% | +25,542+11.3% | Added |
| Susquehanna International Group, LLP | 255,856 | $14.5M | 0.02% | −317,392−55.4% | Reduced |
| Creative Planning | 256,916 | $14.5M | 0.01% | +24,767+10.7% | Added |
| ExodusPoint Capital Management, LP | 276,417 | $15.7M | 0.17% | +276,417 | New |
| SBI Securities Co., Ltd. | 279,724 | $15.8M | 0.41% | −5,608−2.0% | Reduced |
| Modern Wealth Management, LLC | 281,684 | $15.9M | 0.29% | +3,399+1.2% | Added |
| U.S. Capital Wealth Advisors, LLC | 288,615 | $16.3M | 0.43% | +3,676+1.3% | Added |
| Commonwealth Equity Services, LLC | 289,839 | $16.4M | 0.02% | −15,290−5.0% | Reduced |
| Dupree Financial Group, LLC | 290,937 | $16.5M | 6.00% | +446+0.2% | Added |
| Charles Schwab Investment Management Inc | 299,376 | $17.0M | 0.00% | +38,141+14.6% | Added |
| Deutsche Bank AG | 303,950 | $17.2M | 0.01% | +300,665+9,152.7% | Added |
| HRT Financial LP | 306,764 | $17.4M | 0.05% | +299,557+4,156.5% | Added |
| D. E. Shaw & Co., Inc. | 310,167 | $17.6M | 0.01% | +310,167 | New |
| CIBC World Markets Inc. | 314,615 | $17.8M | 0.03% | −12,641−3.9% | Reduced |
| Epacria Capital Partners, LLC | 315,531 | $17.9M | 14.15% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 323,754 | $18.3M | 0.00% | +9,815+3.1% | Added |
| UBS Group AG | 326,669 | $18.5M | 0.00% | +12,930+4.1% | Added |
| Adams Asset Advisors, LLC | 343,016 | $19.4M | 2.56% | −3,533−1.0% | Reduced |
| Quantinno Capital Management LP | 356,061 | $20.2M | 0.04% | +46,670+15.1% | Added |
| Crawford Investment Counsel Inc | 373,483 | $21.1M | 0.35% | +19,903+5.6% | Added |
| BNP Paribas Arbitrage, SA | 374,835 | $21.2M | 0.01% | +38,977+11.6% | Added |
| Cetera Investment Advisers | 378,856 | $21.5M | 0.02% | +21,561+6.0% | Added |
| GW Henssler & Associates Ltd | 382,934 | $21.7M | 1.04% | −12,925−3.3% | Reduced |
| Smith Thomas W | 397,500 | $22.5M | 20.81% | +397,500 | New |
| Truist Financial Corp | 429,485 | $24.3M | 0.03% | +2,201+0.5% | Added |
| Lockheed Martin Investment Management Co | 440,400 | $24.9M | 0.83% | +18,600+4.4% | Added |
| Investment Management Associates Inc | 453,806 | $25.7M | 7.19% | −119,786−20.9% | Reduced |
| Causeway Capital Management LLC | 483,138 | $27.4M | 0.38% | +24,435+5.3% | Added |
| O'Shaughnessy Asset Management, LLC | 487,143 | $27.6M | 0.15% | −27,313−5.3% | Reduced |
| Advisor Group Holdings, Inc. | 525,887 | $29.8M | 0.04% | −60,483−10.3% | Reduced |
| Assetmark, Inc | 557,887 | $31.6M | 0.06% | +23,141+4.3% | Added |
| McGowan Group Asset Management, Inc. | 559,252 | $31.7M | 3.93% | +2,385+0.4% | Added |
| Massachusetts Financial Services Co | 565,723 | $32.0M | 0.01% | +171,831+43.6% | Added |
| Invesco Ltd. | 578,458 | $32.8M | 0.00% | −10,259−1.7% | Reduced |
| Teachers Retirement System of the State of Kentucky | 589,730 | $33.4M | 0.25% | 00.0% | Unchanged |
| Euro Pacific Asset Management, LLC | 657,883 | $34.7M | 3.86% | −2,600−0.4% | Reduced |
| Stifel Financial Corp | 639,748 | $36.2M | 0.03% | +41,594+7.0% | Added |
| Callodine Capital Management, LP | 680,377 | $38.5M | 3.09% | +72,577+11.9% | Added |
| 1832 Asset Management L.P. | 734,300 | $41.6M | 0.05% | +723,900+6,960.6% | Added |
| SG Americas Securities, LLC | 739,687 | $41.9M | 0.06% | +726,169+5,371.9% | Added |
| SEI Investments Co | 743,788 | $42.1M | 0.04% | +500,371+205.6% | Added |
| Dimensional Fund Advisors LP | 757,630 | $42.9M | 0.01% | −25,330−3.2% | Reduced |
| State Street Corp | 755,785 | $43.4M | 0.00% | +8,544+1.1% | Added |
| Todd Asset Management LLC | 800,230 | $45.3M | 0.88% | −3,202−0.4% | Reduced |
| First Trust Advisors LP | 806,799 | $45.7M | 0.03% | −45,965−5.4% | Reduced |
| Capital Fund Management S.A. | 839,427 | $47.5M | 0.45% | +216,140+34.7% | Added |
| Optiver Holding B.V. | 853,096 | $48.3M | 0.87% | +769,821+924.4% | Added |
| Abc Arbitrage SA | 918,653 | $52.0M | 4.87% | +147,630+19.1% | Added |
| Millennium Management LLC | 955,760 | $54.1M | 0.04% | −587,830−38.1% | Reduced |
| Madison Avenue Partners, LP | 1,223,767 | $69.3M | 2.98% | 00.0% | Unchanged |
| Marshall Wace, LLP | 1,246,575 | $70.6M | 0.07% | +906,850+266.9% | Added |
| Capital International Inc | 1,253,448 | $71.0M | 0.56% | +117,382+10.3% | Added |
| Two Sigma Advisers, LP | 1,282,400 | $72.6M | 0.14% | +259,000+25.3% | Added |
| Cullen Capital Management LLC | 1,334,963 | $75.6M | 0.83% | +1630.0% | Added |
| First Eagle Investment Management, LLC | 1,407,980 | $79.7M | 0.14% | +123,430+9.6% | Added |
| Balyasny Asset Management LLC | 1,515,996 | $85.8M | 0.16% | +759,460+100.4% | Added |
| Grantham, Mayo, Van Otterloo & Co. LLC | 1,521,732 | $86.2M | 0.22% | −162,193−9.6% | Reduced |
| Qube Research & Technologies Ltd | 1,545,814 | $87.5M | 0.13% | −168,716−9.8% | Reduced |
| Maple Rock Capital Partners Inc. | 1,655,300 | $93.7M | 3.10% | +485,500+41.5% | Added |