Vault-13

BRITISH AMERN TOB PLC BTI

SPONSORED ADR · ADR · CUSIP 110448107 · ISIN US1104481072

573 institutional holders -1 vs Q1 2023
152,846,446152.8m shares reported held*
$5.1bnreported value*
57 new 206 added 217 reduced 66 sold out net sold ≈ $682.7m (-23.4m 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 ($3.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $33.18. Options: 25 managers hold calls ($125.1m notional), 22 hold puts ($185.1m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 535Q4 22: 586Q1 23: 574Q2 23: 573573Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022535
Q4 2022586
Q1 2023574
Q2 2023573

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 23Q2 23: 263 bought or addedQ2 23: 283 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022307220
Q1 2023323229
Q2 2023263283

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 1.61Q2 23 calls: $125.1mQ2 23 puts: $185.1mQ2 23P/C 1.48
Numbers
QuarterCallsPutsP/C
Q3 2022$152.1m$112.9m0.74
Q4 2022$126.7m$124.1m0.98
Q1 2023$89.6m$143.9m1.61
Q2 2023$125.1m$185.1m1.48

Biggest buyers

BlackRock Inc. Added +5,120,214+5.1m
MORGAN STANLEY Added +4,403,187+4.4m
JANE STREET GROUP, LLC Added +2,561,195+2.6m
Capital International Investors Added +1,746,156+1.7m
TWO SIGMA INVESTMENTS, LP Added +1,153,607+1.2m
TWO SIGMA ADVISERS, LP Added +1,046,000+1.0m
ICICI Prudential Asset Management Co Ltd New +994,770+994.8k
Optiver Holding B.V. Added +905,890+905.9k
D. E. Shaw & Co., Inc. Added +879,126+879.1k
Orbis Allan Gray Ltd Added +856,107+856.1k

Biggest sellers

GQG Partners LLC Reduced -24,972,213-25.0m
ENVESTNET ASSET MANAGEMENT INC Reduced -3,704,348-3.7m
FEDERATED HERMES, INC. Reduced -3,303,897-3.3m
Capital World Investors Reduced -2,937,997-2.9m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -1,977,965-2.0m
BANK OF AMERICA CORP /DE/ Reduced -1,684,580-1.7m
WELLS FARGO & COMPANY/MN Reduced -1,210,487-1.2m
RAYMOND JAMES & ASSOCIATES Reduced -1,154,413-1.2m
MILLENNIUM MANAGEMENT LLC Reduced -1,079,773-1.1m
FMR LLC Reduced -855,812-855.8k

Biggest calls

Optiver Holding B.V. Added $30.6m921.8k shares
CITADEL ADVISORS LLC Added $22.9m689.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $19.5m587.6k shares
Twin Tree Management, LP Added $18.0m542.6k shares
SIMPLEX TRADING, LLC Added $8.4m252.3k shares
GROUP ONE TRADING LLC Added $6.4m191.3k shares
Squarepoint Ops LLC Added $2.8m85.2k shares
Caption Management, LLC New $2.3m70.0k shares
Walleye Trading LLC Added $2.3m69.4k shares
PEAK6 Investments LLC Added $2.0m60.0k shares

Biggest puts

Optiver Holding B.V. Added $53.5m1.6m shares
CITADEL ADVISORS LLC Added $34.9m1.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $33.3m1.0m shares
D. E. Shaw & Co., Inc. Added $20.1m605.3k shares
SIMPLEX TRADING, LLC Added $15.0m452.9k shares
GROUP ONE TRADING LLC Added $10.2m307.4k shares
PEAK6 Investments LLC Added $3.6m107.4k shares
MILLENNIUM MANAGEMENT LLC Added $3.4m103.1k shares
Squarepoint Ops LLC Reduced $2.4m71.8k shares
WOLVERINE TRADING, LLC Added $2.1m64.5k 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 Q2 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 Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital International Investors 0.18% of their portfolio Los Angeles, CA 22,957,76823.0m $760.7m $760.7m 0.18% Added +1.7m +1,746,156
2 BlackRock Inc. 0.02% of their portfolio New York, NY 16,678,67216.7m $553.7m $553.7m 0.02% Added +5.1m +5,120,214
3 Capital Research Global Investors 0.09% of their portfolio Los Angeles, CA 9,843,5169.8m $326.8m $326.8m 0.09% Added +41.0k +40,958
4 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 8,798,3918.8m $292.1m $292.1m 0.03% Added +4.4m +4,403,187
5 Orbis Allan Gray Ltd 1.88% of their portfolio HamiltoN, D0 7,923,9237.9m $263.1m $263.1m 1.88% Added +856.1k +856,107
6 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 5,323,5055.3m $176.7m $176.7m 0.02% Reduced -1.7m -1,684,580
7 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,610,8703.6m $119.9m $119.9m 0.01% Reduced -50.7k -50,688
8 FEDERATED HERMES, INC. 0.30% of their portfolio PITTSBURGH, PA 3,607,1493.6m $119.8m $119.8m 0.30% Reduced -3.3m -3,303,897
9 Newport Trust Company, LLC 0.32% of their portfolio Washington, DC 3,330,0553.3m $110.6m $110.6m 0.32% Reduced -24.5k -24,491
10 JANE STREET GROUP, LLC 0.14% of their portfolio NEW YORK, NY 3,136,6763.1m $104.1m $104.1m 0.14% Added +2.6m +2,561,195
11 Capital World Investors 0.02% of their portfolio LOS ANGELES, CA 2,936,4962.9m $97.5m $97.5m 0.02% Reduced -2.9m -2,937,997
12 TWO SIGMA INVESTMENTS, LP 0.24% of their portfolio NEW YORK, NY 2,742,6152.7m $91.1m $91.1m 0.24% Added +1.2m +1,153,607
13 TWO SIGMA ADVISERS, LP 0.22% of their portfolio NEW YORK, NY 2,651,5002.7m $88.0m $88.0m 0.22% Added +1.0m +1,046,000
14 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 2,624,3812.6m $87.1m $87.1m 0.03% Reduced -1.2m -1,210,487
15 RAYMOND JAMES & ASSOCIATES 0.07% of their portfolio ST PETERSBURG, FL 2,512,5322.5m $83.4m $83.4m 0.07% Reduced -1.2m -1,154,413
16 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 2,332,3512.3m $77.4m $77.4m 0.02% Reduced -7.1k -7,126
17 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 1,917,3061.9m $63.7m $63.7m 0.03% Reduced -3.7m -3,704,348
18 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,822,1651.8m $60.5m $60.5m 0.02% Reduced -162.3k -162,291
19 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,770,0401.8m $58.8m $58.8m 0.02% Reduced -521.0k -521,011
20 Grantham, Mayo, Van Otterloo & Co. LLC 0.23% of their portfolio Boston, MA 1,521,9721.5m $50.5m $50.5m 0.23% Added +4.2k +4,172
21 Optiver Holding B.V. 1.40% of their portfolio AMSTERDAM, P7 1,460,2531.5m $48.5m $48.5m 1.40% Added +905.9k +905,890
22 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,459,9441.5m $48.5m $48.5m 0.01% Reduced -118.8k -118,809
23 Pacer Advisors, Inc. 0.19% of their portfolio Malvern, PA 1,387,8641.4m $46.1m $46.1m 0.19% Added +493.6k +493,592
24 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,343,7871.3m $44.6m $44.6m 0.01% Reduced -162.8k -162,821
25 NATIXIS ADVISORS, LLC 0.13% of their portfolio Boston, MA 1,311,1531.3m $43.5m $43.5m 0.13% Added +58.4k +58,398
26 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,262,0121.3m $41.9m $41.9m 0.03% Reduced -404.1k -404,072
27 D. E. Shaw & Co., Inc. 0.06% of their portfolio New York, NY 1,254,8531.3m $41.7m $41.7m 0.06% Added +879.1k +879,126
28 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,247,0901.2m $41.4m $41.4m 0.01% Added +10.9k +10,885
29 Cullen Capital Management, LLC 0.37% of their portfolio New York, NY 1,246,9571.2m $41.4m $41.4m 0.37% Added +50.9k +50,937
30 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 1,186,7101.2m $39.4m $39.4m 0.04% Added +773.6k +773,593
31 FMR LLC 0.00% of their portfolio BOSTON, MA 1,063,9101.1m $35.3m $35.3m 0.00% Reduced -855.8k -855,812
32 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,041,3891.0m $34.6m $34.6m 0.00% Reduced -191.7k -191,748
33 ICICI Prudential Asset Management Co Ltd 4.15% of their portfolio MUMBAI, K7 994,770994.8k $32.7m $32.7m 4.15% New
34 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 994,464994.5k $33.0m $33.0m 0.01% Added +755.3k +755,283
35 Qube Research & Technologies Ltd 0.10% of their portfolio LONDON, X0 802,752802.8k $26.7m $26.7m 0.10% Reduced -714.0k -714,021
36 OLD MISSION CAPITAL LLC 0.95% of their portfolio CHICAGO, IL 773,850773.9k $25.7m $25.7m 0.95% Added +602.6k +602,628
37 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 732,317732.3k $24.3m $24.3m 0.04% Added +575.5k +575,546
38 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 708,148708.1k $23.5m $23.5m 0.03% Reduced -8.4k -8,351
39 UBS Group AG 0.01% of their portfolio ZURICH, V8 685,549685.5k $22.8m $22.8m 0.01% Reduced -121.8k -121,789
40 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 677,639677.6k $22.5m $22.5m 0.05% New
41 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 677,307677.3k $22.5m $22.5m 0.04% Reduced -293.5k -293,543
42 CANTOR FITZGERALD, L. P. 0.49% of their portfolio NEW YORK, NY 642,185642.2k $21.3m $21.3m 0.49% Added +351.8k +351,770
43 Euro Pacific Asset Management, LLC 4.47% of their portfolio DORADO, PR 617,885617.9k $20.5m $20.5m 4.47% Added +59.3k +59,288
44 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 523,832523.8k $17.4m $17.4m 0.02% Reduced -184.1k -184,060
45 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio JUPITER, FL 487,059487.1k $16.2m $16.2m 0.08% Reduced -646.2k -646,154
46 TODD ASSET MANAGEMENT LLC 0.37% of their portfolio Louisville, KY 478,662478.7k $15.9m $15.9m 0.37% Reduced -64.6k -64,578
47 First Eagle Investment Management, LLC 0.04% of their portfolio NEW YORK, NY 418,134418.1k $13.9m $13.9m 0.04% Added +47.2k +47,213
48 INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 4.93% of their portfolio GREENWOOD VILLAGE, CO 408,377408.4k $13.6m $13.6m 4.93% Reduced -528 -528
49 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 404,016404.0k $13.4m $13.4m 0.02% Reduced -54.7k -54,674
50 Capital Group Private Client Services, Inc. 0.15% of their portfolio Los Angeles, CA 382,447382.4k $12.7m $12.7m 0.15% Reduced -371 -371
51 Cubist Systematic Strategies, LLC 0.14% of their portfolio STAMFORD, CT 381,931381.9k $12.7m $12.7m 0.14% Reduced -25.6k -25,563
52 Epoch Investment Partners, Inc. 0.07% of their portfolio New York, NY 377,155377.2k $12.5m $12.5m 0.07% Added +17.8k +17,824
53 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 375,624375.6k $12.5m $12.5m 0.03% Added +29.5k +29,491
54 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 374,353374.4k $12.4m $12.4m 0.01% Added +324.8k +324,769
55 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 339,592339.6k $11.3m $11.3m 0.01% Reduced -1.1m -1,079,773
56 CAUSEWAY CAPITAL MANAGEMENT LLC 0.28% of their portfolio LOS ANGELES, CA 325,080325.1k $10.8m $10.8m 0.28% Added +131.3k +131,253
57 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.10% of their portfolio FRANKFORT, KY 308,820308.8k $10.3m $10.3m 0.10% Reduced -42.0k -42,000
58 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 306,342306.3k $10.2m $10.2m 0.03% Added +15.5k +15,470
59 EPACRIA CAPITAL PARTNERS, LLC 8.87% of their portfolio BOULDER, CO 304,781304.8k $10.8m $10.8m 8.87% Added +1.1k +1,108
60 U.S. Capital Wealth Advisors, LLC 0.41% of their portfolio AUSTIN, TX 259,919259.9k $8.6m $8.6m 0.41% Added +48.7k +48,656
61 GW HENSSLER & ASSOCIATES LTD 0.56% of their portfolio KENNESAW, GA 257,744257.7k $8.6m $8.6m 0.56% New
62 Squarepoint Ops LLC 0.05% of their portfolio NEW YORK, NY 256,437256.4k $8.5m $8.5m 0.05% Reduced -375.0k -375,021
63 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 247,785247.8k $8.2m $8.2m 0.03% Added +21.3k +21,277
64 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 217,727217.7k $7.2m $7.2m 0.01% Added +44.3k +44,333
65 FINANCIAL COUNSELORS INC 0.14% of their portfolio Overland Park, KS 208,582208.6k $6.9m $6.9m 0.14% Reduced -8.3k -8,296
66 SIMPLEX TRADING, LLC 0.28% of their portfolio CHICAGO, IL 200,780200.8k $6.7m $6.7m 0.28% Added +55.3k +55,282
67 Bulltick Wealth Management, LLC 1.56% of their portfolio Miami, FL 200,450200.4k $6.7m $6.7m 1.56% New
68 DRW Securities, LLC 0.47% of their portfolio CHICAGO, IL 184,644184.6k $6.1m $6.1m 0.47% Added +39.7k +39,720
69 Keystone Financial Planning, Inc. 2.01% of their portfolio CLEVELAND, OH 180,968181.0k $6.0m $6.0m 2.01% Added +2.1k +2,108
70 Manning & Napier Group, LLC 0.07% of their portfolio Fairport, NY 180,458180.5k $6.0m $6.0m 0.07% Added +28.2k +28,206
71 Altrius Capital Management Inc 1.71% of their portfolio NEW BERN, NC 173,705173.7k $5.8m $5.8m 1.71% Added +15.1k +15,062
72 Kennon-Green & Company, LLC 5.34% of their portfolio NEW ALBANY, OH 172,925172.9k $5.7m $5.7m 5.34% Reduced -1.8k -1,840
73 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 166,351166.4k $5.5m $5.5m 0.00% Reduced -56.6k -56,577
74 Adams Asset Advisors, LLC 0.79% of their portfolio DALLAS, TX 162,871162.9k $5.4m $5.4m 0.79% Added +83.5k +83,507
75 AUXIER ASSET MANAGEMENT LLC 0.89% of their portfolio AURORA, OR 161,510161.5k $5.4m $5.4m 0.89% Added +16.1k +16,150
76 VIKING FUND MANAGEMENT LLC 1.01% of their portfolio MINOT, ND 160,500160.5k $5.3m $5.3m 1.01% Added +500 +500
77 GROUP ONE TRADING LLC 0.22% of their portfolio CHICAGO, IL 155,503155.5k $5.2m $5.2m 0.22% Added +72.4k +72,393
78 VALICENTI ADVISORY SERVICES INC 1.63% of their portfolio ELMIRA, NY 154,436154.4k $5.1m $5.1m 1.63% Added +9.4k +9,400
79 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 150,828150.8k $5.0m $5.0m 0.01% Added +44.3k +44,337
80 GQG Partners LLC 0.01% of their portfolio FT. LAUDERDALE, FL 149,507149.5k $5.0m $5.0m 0.01% Reduced -25.0m -24,972,213
81 HENNESSY ADVISORS INC 0.36% of their portfolio NOVATO, CA 149,200149.2k $5.0m $5.0m 0.36% Reduced -8.5k -8,500
82 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 149,084149.1k $4.9m $4.9m 0.01% Added +23.1k +23,108
83 Cetera Advisor Networks LLC 0.03% of their portfolio EL SEGUNDO, CA 148,051148.1k $4.9m $4.9m 0.03% Reduced -3.6k -3,639
84 Insight Folios Inc 2.04% of their portfolio Charlotte, NC 146,583146.6k $4.9m $4.9m 2.04% Added +14.3k +14,281
85 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 143,279143.3k $4.8m $4.8m 0.03% Reduced -48.8k -48,757
86 MOTCO 0.31% of their portfolio SAN ANTONIO, TX 140,707140.7k $4.7m $4.7m 0.31% Added +140.7k +140,675
87 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.03% of their portfolio NEW YORK, NY 138,210138.2k $4.6m $4.6m 0.03% Added +28.5k +28,498
88 CALIFORNIA FIRST LEASING CORP 2.77% of their portfolio NEWPORT BEACH, CA 136,700136.7k $4.5m $4.5m 2.77% Unchanged
89 CIBC Asset Management Inc 0.02% of their portfolio TORONTO, Z4 136,689136.7k $4.5m $4.5m 0.02% Reduced -49.5k -49,477
90 MILLER HOWARD INVESTMENTS INC /NY 0.16% of their portfolio KINGSTON, NY 135,000135.0k $4.5m $4.5m 0.16% Unchanged
91 OPPENHEIMER ASSET MANAGEMENT INC. 0.06% of their portfolio NEW YORK, NY 130,427130.4k $4.3m $4.3m 0.06% Added +5.4k +5,359
92 MERITAGE PORTFOLIO MANAGEMENT 0.30% of their portfolio OVERLAND PARK, KS 127,687127.7k $4.2m $4.2m 0.30% Added +6.0k +5,965
93 TD PRIVATE CLIENT WEALTH LLC 0.18% of their portfolio NEW YORK, NY 123,537123.5k $4.1m $4.1m 0.18% Reduced -83.1k -83,075
94 Poehling Capital Management, INC. 1.38% of their portfolio MADISON, WI 123,032123.0k $4.1m $4.1m 1.38% Added +7.6k +7,565
95 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 122,728122.7k $4.1m $4.1m 0.01% Added +9.6k +9,621
96 J.P. Morgan Private Wealth Advisors LLC 0.02% of their portfolio SAN FRANCISCO, CA 119,391119.4k $4.0m $4.0m 0.02% Reduced -73.2k -73,225
97 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 118,067118.1k $3.9m $3.9m 0.00% Reduced -62.4k -62,394
98 Zions Bancorporation, N.A. 0.33% of their portfolio SALT LAKE CITY, UT 117,842117.8k $3.9m $3.9m 0.33% Reduced -116.0k -116,048
99 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 117,187117.2k $3.9m $3.9m 0.01% Reduced -32.0k -32,048
100 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 108,648108.6k $3.6m $3.6m 0.02% Added +8.2k +8,247