Vault-13

BRITISH AMERN TOB PLC BTI

SPONSORED ADR · ADR · CUSIP 110448107 · ISIN US1104481072

574 institutional holders -12 vs Q4 2022
175,960,930176.0m shares reported held*
$6.1bnreported value*
63 new 260 added 160 reduced 69 sold out net bought ≈ $149.2m (+7.1m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $34.57. Options: 20 managers hold calls ($89.6m notional), 20 hold puts ($143.9m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 535Q4 22: 586Q1 23: 574574Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022535
Q4 2022586
Q1 2023574

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 307 bought or addedQ4 22: 220 cut or sold outQ4 22Q1 23: 323 bought or addedQ1 23: 229 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022307220
Q1 2023323229

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50m$100m$150m$200mQ3 22 calls: $152.1mQ3 22 puts: $112.9mQ3 22P/C 0.74Q4 22 calls: $126.7mQ4 22 puts: $124.1mQ4 22P/C 0.98Q1 23 calls: $89.6mQ1 23 puts: $143.9mQ1 23P/C 1.61
Numbers
QuarterCallsPutsP/C
Q3 2022$152.1m$112.9m0.74
Q4 2022$126.7m$124.1m0.98
Q1 2023$89.6m$143.9m1.61

Biggest buyers

BlackRock Inc. Added +5,501,775+5.5m
FEDERATED HERMES, INC. Added +4,530,146+4.5m
Capital International Investors Added +3,429,953+3.4m
ENVESTNET ASSET MANAGEMENT INC Added +2,843,715+2.8m
Capital Research Global Investors Added +2,701,432+2.7m
MILLENNIUM MANAGEMENT LLC Added +1,372,184+1.4m
Qube Research & Technologies Ltd Added +711,350+711.4k
FMR LLC Added +665,145+665.1k
Squarepoint Ops LLC New +631,458+631.5k
Optiver Holding B.V. New +554,363+554.4k

Biggest sellers

GQG Partners LLC Reduced -9,545,939-9.5m
Orbis Allan Gray Ltd Reduced -5,636,795-5.6m
Invesco Ltd. Reduced -1,216,666-1.2m
Clark Capital Management Group, Inc. Sold out -786,039-786.0k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -697,941-697.9k
Bank of New York Mellon Corp Reduced -515,541-515.5k
WELLS FARGO & COMPANY/MN Reduced -417,982-418.0k
ASSETMARK, INC Reduced -377,064-377.1k
TWO SIGMA INVESTMENTS, LP Reduced -353,983-354.0k
Boston Partners Reduced -216,194-216.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $35.3m1.0m shares
Optiver Holding B.V. Reduced $19.5m555.4k shares
CITADEL ADVISORS LLC Added $9.8m279.4k shares
Twin Tree Management, LP Added $8.5m242.6k shares
GROUP ONE TRADING LLC Reduced $3.1m89.2k shares
WOLVERINE TRADING, LLC New $2.5m71.7k shares
SIMPLEX TRADING, LLC Reduced $2.2m63.7k shares
Walleye Trading LLC Added $1.7m48.0k shares
Jefferies Financial Group Inc. New $1.6m44.5k shares
Walleye Capital LLC New $1.1m32.5k shares

Biggest puts

Optiver Holding B.V. Added $50.9m1.5m shares
CITADEL ADVISORS LLC Added $29.5m840.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $24.0m683.0k shares
Squarepoint Ops LLC Reduced $11.5m327.9k shares
SIMPLEX TRADING, LLC Reduced $9.7m275.2k shares
D. E. Shaw & Co., Inc. Added $8.2m234.7k shares
PEAK6 Investments LLC Reduced $2.2m61.8k shares
GROUP ONE TRADING LLC Reduced $1.6m44.7k shares
WOLVERINE TRADING, LLC New $1.6m44.0k shares
MILLENNIUM MANAGEMENT LLC New $1.4m39.5k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q1 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GQG Partners LLC 2.31% of their portfolio FT. LAUDERDALE, FL 25,121,72025.1m $882.3m $882.3m 2.31% Reduced -9.5m -9,545,939
2 Capital International Investors 0.19% of their portfolio Los Angeles, CA 21,211,61221.2m $745.7m $745.7m 0.19% Added +3.4m +3,429,953
3 BlackRock Inc. 0.01% of their portfolio New York, NY 11,558,45811.6m $405.9m $405.9m 0.01% Added +5.5m +5,501,775
4 Capital Research Global Investors 0.10% of their portfolio Los Angeles, CA 9,802,5589.8m $344.3m $344.3m 0.10% Added +2.7m +2,701,432
5 Orbis Allan Gray Ltd 1.95% of their portfolio HamiltoN, D0 7,067,8167.1m $248.2m $248.2m 1.95% Reduced -5.6m -5,636,795
6 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 7,008,0857.0m $246.1m $246.1m 0.03% Added +464.9k +464,946
7 FEDERATED HERMES, INC. 0.61% of their portfolio PITTSBURGH, PA 6,911,0466.9m $242.7m $242.7m 0.61% Added +4.5m +4,530,146
8 Capital World Investors 0.04% of their portfolio LOS ANGELES, CA 5,874,4935.9m $206.3m $206.3m 0.04% Reduced -56.2k -56,196
9 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 5,621,6545.6m $97.1m $97.1m 0.05% Added +2.8m +2,843,715
10 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 4,395,2044.4m $154.4m $154.4m 0.02% Added +11.2k +11,197
11 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 3,834,8683.8m $134.7m $134.7m 0.04% Reduced -418.0k -417,982
12 RAYMOND JAMES & ASSOCIATES 0.11% of their portfolio ST PETERSBURG, FL 3,666,9453.7m $128.8m $128.8m 0.11% Added +224.4k +224,351
13 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 3,661,5583.7m $128.6m $128.6m 0.02% Added +65.0k +64,984
14 Newport Trust Company, LLC 0.33% of their portfolio Washington, DC 3,354,5463.4m $117.8m $117.8m 0.33% Added +14.0k +14,023
15 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 2,339,4772.3m $82.2m $82.2m 0.02% Reduced -1.2m -1,216,666
16 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,291,0512.3m $80.5m $80.5m 0.02% Added +123.0k +122,978
17 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio BOSTON, MA 2,046,3962.0m $71.9m $71.9m 0.09% Reduced -697.9k -697,941
18 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,984,4562.0m $69.7m $69.7m 0.02% Added +76.0k +76,017
19 FMR LLC 0.00% of their portfolio BOSTON, MA 1,919,7221.9m $67.4m $67.4m 0.00% Added +665.1k +665,145
20 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,666,0841.7m $58.5m $58.5m 0.05% Added +225.7k +225,652
21 TWO SIGMA ADVISERS, LP 0.15% of their portfolio NEW YORK, NY 1,605,5001.6m $56.4m $56.4m 0.15% Added +305.6k +305,600
22 TWO SIGMA INVESTMENTS, LP 0.17% of their portfolio NEW YORK, NY 1,589,0081.6m $55.8m $55.8m 0.17% Reduced -354.0k -353,983
23 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,578,7531.6m $55.4m $55.4m 0.01% Reduced -142.5k -142,507
24 Grantham, Mayo, Van Otterloo & Co. LLC 0.27% of their portfolio Boston, MA 1,517,8001.5m $53.3m $53.3m 0.27% Reduced -15.6k -15,600
25 Qube Research & Technologies Ltd 0.30% of their portfolio LONDON, X0 1,516,7731.5m $53.3m $53.3m 0.30% Added +711.4k +711,350
26 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 1,506,6081.5m $52.9m $52.9m 0.02% Reduced -6.0k -5,982
27 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 1,419,3651.4m $49.8m $49.8m 0.06% Added +1.4m +1,372,184
28 NATIXIS ADVISORS, LLC 0.15% of their portfolio Boston, MA 1,252,7551.3m $44.0m $44.0m 0.15% Reduced -58.6k -58,556
29 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,236,2051.2m $43.4m $43.4m 0.01% Reduced -515.5k -515,541
30 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,233,1371.2m $44.0m $44.0m 0.00% Reduced -29.9k -29,927
31 Cullen Capital Management, LLC 0.38% of their portfolio New York, NY 1,196,0201.2m $42.0m $42.0m 0.38% Added +169.1k +169,112
32 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.20% of their portfolio JUPITER, FL 1,133,2131.1m $39.8m $39.8m 0.20% Added +102.6k +102,593
33 TRUIST FINANCIAL CORP 0.06% of their portfolio CHARLOTTE, NC 970,850970.9k $34.1m $34.1m 0.06% Added +48.1k +48,088
34 Pacer Advisors, Inc. 0.13% of their portfolio Malvern, PA 894,272894.3k $31.4m $31.4m 0.13% Added +309.9k +309,941
35 UBS Group AG 0.01% of their portfolio ZURICH, V8 807,338807.3k $28.4m $28.4m 0.01% Added +81.7k +81,673
36 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 716,499716.5k $25.2m $25.2m 0.03% Reduced -43.9k -43,887
37 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 707,892707.9k $24.9m $24.9m 0.04% Added +28.5k +28,457
38 Squarepoint Ops LLC 0.16% of their portfolio NEW YORK, NY 631,458631.5k $22.2m $22.2m 0.16% New
39 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 575,481575.5k $20.2m $20.2m 0.03% Added +481.8k +481,845
40 Euro Pacific Asset Management, LLC 4.21% of their portfolio DORADO, PR 558,597558.6k $19.6m $19.6m 4.21% Added +749 +749
41 Optiver Holding B.V. 0.90% of their portfolio AMSTERDAM, P7 554,363554.4k $19.5m $19.5m 0.90% New
42 TODD ASSET MANAGEMENT LLC 0.46% of their portfolio Louisville, KY 543,240543.2k $19.1m $19.1m 0.46% Reduced -56.7k -56,672
43 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 458,690458.7k $16.1m $16.1m 0.03% Reduced -133.2k -133,172
44 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 413,117413.1k $14.5m $14.5m 0.02% Reduced -198.1k -198,137
45 INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 5.92% of their portfolio GREENWOOD VILLAGE, CO 408,905408.9k $14.4m $14.4m 5.92% Added +77.2k +77,236
46 Cubist Systematic Strategies, LLC 0.13% of their portfolio STAMFORD, CT 407,494407.5k $14.3m $14.3m 0.13% Added +352.8k +352,761
47 Capital Group Private Client Services, Inc. 0.17% of their portfolio Los Angeles, CA 382,818382.8k $13.4m $13.4m 0.17% Added +1.8k +1,827
48 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 375,727375.7k $13.2m $13.2m 0.02% Added +330.1k +330,070
49 First Eagle Investment Management, LLC 0.03% of their portfolio NEW YORK, NY 370,921370.9k $13.0m $13.0m 0.03% Added +43.5k +43,548
50 Epoch Investment Partners, Inc. 0.08% of their portfolio New York, NY 359,331359.3k $12.6m $12.6m 0.08% Added +31.8k +31,828
51 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.12% of their portfolio FRANKFORT, KY 350,820350.8k $12.3m $12.3m 0.12% Reduced -68.0k -68,000
52 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 346,133346.1k $12.2m $12.2m 0.03% Added +50.6k +50,615
53 EPACRIA CAPITAL PARTNERS, LLC 8.28% of their portfolio BOULDER, CO 303,673303.7k $10.7m $10.7m 8.28% Added +45.1k +45,144
54 WINMILL & CO. INC 3.93% of their portfolio WALPOLE, NH 300,000300.0k $10.5m $10.5m 3.93% Unchanged
55 CIBC WORLD MARKET INC. 0.04% of their portfolio TORONTO, A6 290,872290.9k $10.2m $10.2m 0.04% Added +9.6k +9,575
56 CANTOR FITZGERALD, L. P. 0.22% of their portfolio NEW YORK, NY 290,415290.4k $10.2m $10.2m 0.22% New
57 TUDOR INVESTMENT CORP ET AL 0.19% of their portfolio STAMFORD, CT 283,758283.8k $10.0m $10.0m 0.19% Added +202.4k +202,360
58 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 239,181239.2k $8.4m $8.4m 0.00% Added +32.4k +32,404
59 Zions Bancorporation, N.A. 0.71% of their portfolio SALT LAKE CITY, UT 233,890233.9k $8.2m $8.2m 0.71% Added +35.6k +35,618
60 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 226,508226.5k $8.0m $8.0m 0.03% Reduced -377.1k -377,064
61 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 222,928222.9k $7.8m $7.8m 0.00% Reduced -76.2k -76,210
62 FINANCIAL COUNSELORS INC 0.16% of their portfolio Overland Park, KS 216,878216.9k $7.6m $7.6m 0.16% Added +2.0k +2,012
63 U.S. Capital Wealth Advisors, LLC 0.34% of their portfolio AUSTIN, TX 211,263211.3k $7.4m $7.4m 0.34% Added +11.6k +11,591
64 TD PRIVATE CLIENT WEALTH LLC 0.33% of their portfolio NEW YORK, NY 206,612206.6k $7.3m $7.3m 0.33% Added +18.2k +18,184
65 CAUSEWAY CAPITAL MANAGEMENT LLC 0.16% of their portfolio LOS ANGELES, CA 193,827193.8k $6.8m $6.8m 0.16% Added +8.6k +8,623
66 J.P. Morgan Private Wealth Advisors LLC 0.01% of their portfolio SAN FRANCISCO, CA 192,616192.6k $6.8m $6.8m 0.01% Added +49.8k +49,845
67 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 192,036192.0k $6.7m $6.7m 0.05% Reduced -8.1k -8,060
68 CIBC Asset Management Inc 0.03% of their portfolio TORONTO, Z4 186,166186.2k $6.5m $6.5m 0.03% Added +31.2k +31,153
69 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 185,977186.0k $6.5m $6.5m 0.01% Reduced -14.1k -14,111
70 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 180,461180.5k $6.3m $6.3m 0.01% Reduced -1.3k -1,328
71 Keystone Financial Planning, Inc. 2.14% of their portfolio CLEVELAND, OH 178,860178.9k $6.3m $6.3m 2.14% Reduced -1.9k -1,850
72 Kennon-Green & Company, LLC 5.81% of their portfolio NEW ALBANY, OH 174,765174.8k $6.1m $6.1m 5.81% Reduced -11.7k -11,661
73 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 173,394173.4k $6.1m $6.1m 0.01% Added +4.7k +4,725
74 OLD MISSION CAPITAL LLC 0.18% of their portfolio CHICAGO, IL 171,222171.2k $6.0m $6.0m 0.18% New
75 VIKING FUND MANAGEMENT LLC 1.08% of their portfolio MINOT, ND 160,000160.0k $5.6m $5.6m 1.08% Added +35.0k +35,000
76 Altrius Capital Management Inc 1.70% of their portfolio NEW BERN, NC 158,643158.6k $5.6m $5.6m 1.70% Added +21.2k +21,154
77 HENNESSY ADVISORS INC 0.41% of their portfolio NOVATO, CA 157,700157.7k $5.5m $5.5m 0.41% Added +16.8k +16,800
78 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 156,771156.8k $5.5m $5.5m 0.01% Added +115.1k +115,116
79 Manning & Napier Group, LLC 0.06% of their portfolio Fairport, NY 152,252152.3k $5.3m $5.3m 0.06% Reduced -3.6k -3,633
80 Cetera Advisor Networks LLC 0.04% of their portfolio EL SEGUNDO, CA 151,690151.7k $5.3m $5.3m 0.04% Added +12.4k +12,363
81 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 149,235149.2k $5.2m $5.2m 0.02% Reduced -13.1k -13,103
82 DAVENPORT & Co LLC 0.04% of their portfolio RICHMOND, VA 146,241146.2k $5.1m $5.1m 0.04% Added +8.0k +7,995
83 SIMPLEX TRADING, LLC 0.23% of their portfolio CHICAGO, IL 145,498145.5k $5.1m $5.1m 0.23% Added +78.3k +78,275
84 AUXIER ASSET MANAGEMENT LLC 0.88% of their portfolio AURORA, OR 145,360145.4k $5.1m $5.1m 0.88% Added +11.6k +11,600
85 VALICENTI ADVISORY SERVICES INC 1.70% of their portfolio ELMIRA, NY 145,036145.0k $5.1m $5.1m 1.70% Added +6.7k +6,664
86 DRW Securities, LLC 0.75% of their portfolio CHICAGO, IL 144,924144.9k $5.1m $5.1m 0.75% Added +5.1k +5,126
87 Employees Retirement System of Texas 0.07% of their portfolio AUSTIN, TX 144,729144.7k $5.1m $5.1m 0.07% Reduced -33.6k -33,601
88 CALIFORNIA FIRST LEASING CORP 3.21% of their portfolio NEWPORT BEACH, CA 136,700136.7k $4.8m $4.8m 3.21% Unchanged
89 MILLER HOWARD INVESTMENTS INC /NY 0.17% of their portfolio KINGSTON, NY 135,000135.0k $4.7m $4.7m 0.17% Unchanged
90 Insight Folios Inc 2.06% of their portfolio Charlotte, NC 132,302132.3k $4.6m $4.6m 2.06% Added +22.7k +22,658
91 Aigen Investment Management, LP 0.63% of their portfolio NEW YORK, NY 130,622130.6k $4.6m $4.6m 0.63% New
92 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 125,976126.0k $4.4m $4.4m 0.01% Added +80 +80
93 OPPENHEIMER ASSET MANAGEMENT INC. 0.07% of their portfolio NEW YORK, NY 125,068125.1k $4.4m $4.4m 0.07% Added +2.9k +2,895
94 MERITAGE PORTFOLIO MANAGEMENT 0.32% of their portfolio OVERLAND PARK, KS 121,722121.7k $4.3m $4.3m 0.32% Added +31.9k +31,923
95 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 119,617119.6k $4.2m $4.2m 0.02% Reduced -11.2k -11,168
96 Poehling Capital Management, INC. 1.37% of their portfolio MADISON, WI 115,467115.5k $4.1m $4.1m 1.37% Added +6.7k +6,663
97 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 114,198114.2k $4.0m $4.0m 0.02% New
98 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 113,107113.1k $3.9m $3.9m 0.01% Added +6.8k +6,817
99 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.03% of their portfolio NEW YORK, NY 109,712109.7k $3.9m $3.9m 0.03% Added +7.2k +7,190
100 Oliver Luxxe Assets LLC 0.99% of their portfolio GLADSTONE, NJ 107,459107.5k $3.8m $3.8m 0.99% Added +2.9k +2,902