Vault-13

BRITISH AMERN TOB PLC BTI

SPONSORED ADR · ADR · CUSIP 110448107 · ISIN US1104481072

554 institutional holders -19 vs Q2 2023
143,984,647144.0m shares reported held*
$4.5bnreported value*
38 new 233 added 168 reduced 63 sold out net sold ≈ $285.2m (-9.1m 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 ($3.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.42. Options: 21 managers hold calls ($121.4m notional), 23 hold puts ($166.5m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 535Q4 22: 586Q1 23: 574Q2 23: 573Q3 23: 554554Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022535
Q4 2022586
Q1 2023574
Q2 2023573
Q3 2023554

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 23Q3 23: 271 bought or addedQ3 23: 231 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022307220
Q1 2023323229
Q2 2023263283
Q3 2023271231

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ4 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 1.48Q3 23 calls: $121.4mQ3 23 puts: $166.5mQ3 23P/C 1.37
Numbers
QuarterCallsPutsP/C
Q4 2022$126.7m$124.1m0.98
Q1 2023$89.6m$143.9m1.61
Q2 2023$125.1m$185.1m1.48
Q3 2023$121.4m$166.5m1.37

Biggest buyers

BlackRock Inc. Added +2,089,593+2.1m
Capital Research Global Investors Added +1,213,624+1.2m
Capital World Investors Added +889,492+889.5k
ENVESTNET ASSET MANAGEMENT INC Added +650,979+651.0k
Grantham, Mayo, Van Otterloo & Co. LLC Added +593,035+593.0k
NATIXIS ADVISORS, LLC Added +511,926+511.9k
GOLDMAN SACHS GROUP INC Added +489,013+489.0k
FMR LLC Added +433,252+433.3k
MAGNOLIA GROUP, LLC New +416,452+416.5k
CAUSEWAY CAPITAL MANAGEMENT LLC Added +235,085+235.1k

Biggest sellers

JANE STREET GROUP, LLC Reduced -2,514,692-2.5m
Orbis Allan Gray Ltd Reduced -1,203,840-1.2m
CITADEL ADVISORS LLC Reduced -1,186,690-1.2m
Bank of New York Mellon Corp Reduced -1,009,592-1.0m
D. E. Shaw & Co., Inc. Reduced -884,674-884.7k
TWO SIGMA INVESTMENTS, LP Reduced -799,946-799.9k
BANK OF MONTREAL /CAN/ Reduced -796,766-796.8k
JPMORGAN CHASE & CO Reduced -745,085-745.1k
Qube Research & Technologies Ltd Reduced -743,969-744.0k
OLD MISSION CAPITAL LLC Reduced -705,418-705.4k

Biggest calls

Optiver Holding B.V. Added $32.3m1.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $23.5m749.1k shares
CITADEL ADVISORS LLC Added $23.1m736.4k shares
GROUP ONE TRADING LLC Added $7.6m243.2k shares
SIMPLEX TRADING, LLC Reduced $5.9m188.5k shares
UBS Group AG Added $5.3m170.0k shares
Walleye Trading LLC Added $4.5m142.4k shares
WOLVERINE TRADING, LLC Added $4.0m126.1k shares
JPMORGAN CHASE & CO New $2.8m88.6k shares
Squarepoint Ops LLC Unchanged $2.7m85.2k shares

Biggest puts

Optiver Holding B.V. Reduced $44.5m1.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $35.4m1.1m shares
CITADEL ADVISORS LLC Reduced $25.8m821.7k shares
D. E. Shaw & Co., Inc. Added $19.2m612.0k shares
SIMPLEX TRADING, LLC Reduced $10.2m326.2k shares
GTS SECURITIES LLC New $6.4m204.7k shares
GROUP ONE TRADING LLC Reduced $6.0m192.3k shares
CAPITAL FUND MANAGEMENT S.A. Added $4.2m133.8k shares
PEAK6 Investments LLC Reduced $2.3m73.7k shares
Squarepoint Ops LLC Unchanged $2.3m71.8k 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 Q3 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 Q3 2023.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital International Investors 0.18% of their portfolio Los Angeles, CA 22,326,00522.3m $701.1m $701.1m 0.18% Reduced -631.8k -631,763
2 BlackRock Inc. 0.02% of their portfolio New York, NY 18,768,26518.8m $589.5m $589.5m 0.02% Added +2.1m +2,089,593
3 Capital Research Global Investors 0.10% of their portfolio Los Angeles, CA 11,057,14011.1m $347.3m $347.3m 0.10% Added +1.2m +1,213,624
4 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 8,129,4438.1m $255.3m $255.3m 0.03% Reduced -668.9k -668,948
5 Orbis Allan Gray Ltd 1.52% of their portfolio HamiltoN, D0 6,720,0836.7m $211.1m $211.1m 1.52% Reduced -1.2m -1,203,840
6 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 5,097,7445.1m $160.1m $160.1m 0.02% Reduced -225.8k -225,761
7 Capital World Investors 0.02% of their portfolio LOS ANGELES, CA 3,825,9883.8m $120.2m $120.2m 0.02% Added +889.5k +889,492
8 FEDERATED HERMES, INC. 0.28% of their portfolio PITTSBURGH, PA 3,334,6443.3m $104.7m $104.7m 0.28% Reduced -272.5k -272,505
9 Newport Trust Company, LLC 0.32% of their portfolio Washington, DC 3,315,5303.3m $104.1m $104.1m 0.32% Reduced -14.5k -14,525
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,865,7852.9m $90.0m $90.0m 0.01% Reduced -745.1k -745,085
11 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 2,702,6372.7m $84.9m $84.9m 0.03% Added +78.3k +78,256
12 RAYMOND JAMES & ASSOCIATES 0.07% of their portfolio ST PETERSBURG, FL 2,663,1752.7m $83.7m $83.7m 0.07% Added +150.6k +150,643
13 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 2,568,2852.6m $80.7m $80.7m 0.04% Added +651.0k +650,979
14 TWO SIGMA ADVISERS, LP 0.19% of their portfolio NEW YORK, NY 2,315,6002.3m $72.7m $72.7m 0.19% Reduced -335.9k -335,900
15 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,311,1782.3m $72.6m $72.6m 0.02% Added +489.0k +489,013
16 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 2,266,1002.3m $71.2m $71.2m 0.02% Reduced -66.3k -66,251
17 Grantham, Mayo, Van Otterloo & Co. LLC 0.31% of their portfolio Boston, MA 2,115,0072.1m $66.4m $66.4m 0.31% Added +593.0k +593,035
18 TWO SIGMA INVESTMENTS, LP 0.17% of their portfolio NEW YORK, NY 1,942,6691.9m $61.0m $61.0m 0.17% Reduced -799.9k -799,946
19 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,829,6191.8m $57.5m $57.5m 0.02% Added +59.6k +59,579
20 NATIXIS ADVISORS, LLC 0.18% of their portfolio Boston, MA 1,823,0791.8m $57.3m $57.3m 0.18% Added +511.9k +511,926
21 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,675,4161.7m $52.6m $52.6m 0.01% Added +215.5k +215,472
22 FMR LLC 0.00% of their portfolio BOSTON, MA 1,497,1621.5m $47.0m $47.0m 0.00% Added +433.3k +433,252
23 Pacer Advisors, Inc. 0.18% of their portfolio Malvern, PA 1,479,0961.5m $46.5m $46.5m 0.18% Added +91.2k +91,232
24 Optiver Holding B.V. 1.22% of their portfolio AMSTERDAM, P7 1,363,6401.4m $42.8m $42.8m 1.22% Reduced -96.6k -96,613
25 Cullen Capital Management, LLC 0.47% of their portfolio New York, NY 1,293,5651.3m $40.6m $40.6m 0.47% Added +46.6k +46,608
26 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,172,7631.2m $36.8m $36.8m 0.03% Reduced -89.2k -89,249
27 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,039,7451.0m $33.4m $33.4m 0.00% Reduced -1.6k -1,644
28 ICICI Prudential Asset Management Co Ltd 4.09% of their portfolio MUMBAI, K7 994,770994.8k $31.2m $31.2m 4.09% Unchanged
29 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 850,552850.6k $26.7m $26.7m 0.01% Reduced -493.2k -493,235
30 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 643,075643.1k $20.2m $20.2m 0.03% Reduced -34.2k -34,232
31 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 621,984622.0k $19.5m $19.5m 0.03% Reduced -2.5m -2,514,692
32 Euro Pacific Asset Management, LLC 4.55% of their portfolio DORADO, PR 618,136618.1k $19.4m $19.4m 4.55% Added +251 +251
33 UBS Group AG 0.01% of their portfolio ZURICH, V8 583,923583.9k $18.3m $18.3m 0.01% Reduced -101.6k -101,626
34 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 568,029568.0k $17.8m $17.8m 0.03% Added +164.0k +164,013
35 CAUSEWAY CAPITAL MANAGEMENT LLC 0.46% of their portfolio LOS ANGELES, CA 560,165560.2k $17.6m $17.6m 0.46% Added +235.1k +235,085
36 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 554,070554.1k $17.4m $17.4m 0.02% Added +30.2k +30,238
37 First Eagle Investment Management, LLC 0.04% of their portfolio NEW YORK, NY 480,226480.2k $15.1m $15.1m 0.04% Added +62.1k +62,092
38 MAGNOLIA GROUP, LLC 2.11% of their portfolio OMAHA, NE 416,452416.5k $13.1m $13.1m 2.11% New
39 INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 5.39% of their portfolio GREENWOOD VILLAGE, CO 411,120411.1k $12.9m $12.9m 5.39% Added +2.7k +2,743
40 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 382,865382.9k $12.0m $12.0m 0.02% Reduced -349.5k -349,452
41 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 373,566373.6k $11.7m $11.7m 0.01% Reduced -787 -787
42 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 370,179370.2k $11.6m $11.6m 0.02% Reduced -884.7k -884,674
43 Capital Group Private Client Services, Inc. 0.14% of their portfolio Los Angeles, CA 370,124370.1k $11.6m $11.6m 0.14% Reduced -12.3k -12,323
44 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 362,062362.1k $11.4m $11.4m 0.02% Reduced -13.6k -13,562
45 Epoch Investment Partners, Inc. 0.07% of their portfolio New York, NY 352,895352.9k $11.1m $11.1m 0.07% Reduced -24.3k -24,260
46 CIBC WORLD MARKET INC. 0.04% of their portfolio TORONTO, A6 337,849337.8k $10.6m $10.6m 0.04% Added +31.5k +31,507
47 TODD ASSET MANAGEMENT LLC 0.24% of their portfolio Louisville, KY 321,399321.4k $10.1m $10.1m 0.24% Reduced -157.3k -157,263
48 EPACRIA CAPITAL PARTNERS, LLC 8.04% of their portfolio BOULDER, CO 298,181298.2k $9.7m $9.7m 8.04% Reduced -6.6k -6,600
49 U.S. Capital Wealth Advisors, LLC 0.41% of their portfolio AUSTIN, TX 288,298288.3k $9.1m $9.1m 0.41% Added +28.4k +28,379
50 GW HENSSLER & ASSOCIATES LTD 0.61% of their portfolio KENNESAW, GA 283,532283.5k $8.9m $8.9m 0.61% Added +25.8k +25,788
51 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 275,737275.7k $8.7m $8.7m 0.03% Added +28.0k +27,952
52 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 237,498237.5k $7.5m $7.5m 0.00% Reduced -1.0m -1,009,592
53 Adams Asset Advisors, LLC 0.97% of their portfolio DALLAS, TX 231,331231.3k $7.3m $7.3m 0.97% Added +68.5k +68,460
54 FINANCIAL COUNSELORS INC 0.13% of their portfolio Overland Park, KS 206,803206.8k $6.5m $6.5m 0.13% Reduced -1.8k -1,779
55 DRW Securities, LLC 0.51% of their portfolio CHICAGO, IL 204,446204.4k $6.4m $6.4m 0.51% Added +19.8k +19,802
56 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.06% of their portfolio FRANKFORT, KY 203,820203.8k $6.4m $6.4m 0.06% Reduced -105.0k -105,000
57 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 197,981198.0k $6.2m $6.2m 0.01% Added +48.9k +48,897
58 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 197,698197.7k $6.7m $6.7m 0.00% Reduced -796.8k -796,766
59 Altrius Capital Management Inc 1.75% of their portfolio NEW BERN, NC 187,994188.0k $5.9m $5.9m 1.75% Added +14.3k +14,289
60 Manning & Napier Group, LLC 0.07% of their portfolio Fairport, NY 180,772180.8k $5.7m $5.7m 0.07% Added +314 +314
61 Keystone Financial Planning, Inc. 1.98% of their portfolio CLEVELAND, OH 180,489180.5k $5.7m $5.7m 1.98% Reduced -479 -479
62 Bulltick Wealth Management, LLC 1.44% of their portfolio Miami, FL 180,040180.0k $5.8m $5.8m 1.44% Reduced -20.4k -20,410
63 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 179,066179.1k $5.6m $5.6m 0.01% Added +28.2k +28,238
64 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 174,017174.0k $5.5m $5.5m 0.00% Added +7.7k +7,666
65 Kennon-Green & Company, LLC 5.40% of their portfolio NEW ALBANY, OH 173,375173.4k $5.4m $5.4m 5.40% Added +450 +450
66 VALICENTI ADVISORY SERVICES INC 1.80% of their portfolio ELMIRA, NY 168,051168.1k $5.3m $5.3m 1.80% Added +13.6k +13,615
67 Cetera Advisor Networks LLC 0.03% of their portfolio EL SEGUNDO, CA 164,229164.2k $5.2m $5.2m 0.03% Added +16.2k +16,178
68 AUXIER ASSET MANAGEMENT LLC 0.87% of their portfolio AURORA, OR 162,410162.4k $5.1m $5.1m 0.87% Added +900 +900
69 VIKING FUND MANAGEMENT LLC 1.02% of their portfolio MINOT, ND 160,800160.8k $5.1m $5.1m 1.02% Added +300 +300
70 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 151,221151.2k $4.7m $4.7m 0.01% Reduced -66.5k -66,506
71 CAPITAL FUND MANAGEMENT S.A. 0.06% of their portfolio PARIS, I0 150,002150.0k $4.7m $4.7m 0.06% New
72 HENNESSY ADVISORS INC 0.32% of their portfolio NOVATO, CA 146,100146.1k $4.6m $4.6m 0.32% Reduced -3.1k -3,100
73 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.03% of their portfolio NEW YORK, NY 145,905145.9k $4.6m $4.6m 0.03% Added +7.7k +7,695
74 MOTCO 0.31% of their portfolio SAN ANTONIO, TX 144,232144.2k $4.5m $4.5m 0.31% Added +3.5k +3,525
75 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 142,359142.4k $4.5m $4.5m 0.02% Reduced -920 -920
76 OPPENHEIMER ASSET MANAGEMENT INC. 0.07% of their portfolio NEW YORK, NY 140,436140.4k $4.4m $4.4m 0.07% Added +10.0k +10,009
77 CALIFORNIA FIRST LEASING CORP 2.48% of their portfolio NEWPORT BEACH, CA 136,700136.7k $4.3m $4.3m 2.48% Unchanged
78 MILLER HOWARD INVESTMENTS INC /NY 0.16% of their portfolio KINGSTON, NY 135,000135.0k $4.2m $4.2m 0.16% Unchanged
79 Insight Folios Inc 2.06% of their portfolio Charlotte, NC 134,034134.0k $4.2m $4.2m 2.06% Reduced -12.5k -12,549
80 CIBC Asset Management Inc 0.02% of their portfolio TORONTO, Z4 133,627133.6k $4.2m $4.2m 0.02% Reduced -3.1k -3,062
81 QRG CAPITAL MANAGEMENT, INC. 0.07% of their portfolio BERWYN, PA 128,496128.5k $4.0m $4.0m 0.07% First filing
82 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 128,122128.1k $3.9m $3.9m 0.01% Added +5.4k +5,394
83 MERITAGE PORTFOLIO MANAGEMENT 0.29% of their portfolio OVERLAND PARK, KS 126,343126.3k $4.0m $4.0m 0.29% Reduced -1.3k -1,344
84 Poehling Capital Management, INC. 1.39% of their portfolio MADISON, WI 126,223126.2k $4.0m $4.0m 1.39% Added +3.2k +3,191
85 Zions Bancorporation, N.A. 0.35% of their portfolio SALT LAKE CITY, UT 126,005126.0k $4.0m $4.0m 0.35% Added +8.2k +8,163
86 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 122,581122.6k $3.9m $3.9m 0.00% Added +4.5k +4,514
87 TD PRIVATE CLIENT WEALTH LLC 0.17% of their portfolio NEW YORK, NY 122,538122.5k $3.8m $3.8m 0.17% Reduced -999 -999
88 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 118,813118.8k $3.7m $3.7m 0.01% Added +40.9k +40,891
89 LOGAN CAPITAL MANAGEMENT INC 0.19% of their portfolio Newtown Square, PA 117,773117.8k $3.7m $3.7m 0.19% Added +10.3k +10,284
90 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 116,859116.9k $3.7m $3.7m 0.01% Reduced -328 -328
91 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 115,764115.8k $3.6m $3.6m 0.01% Reduced -561.9k -561,875
92 Inlet Private Wealth, LLC 1.17% of their portfolio Jupiter, FL 113,013113.0k $3.5m $3.5m 1.17% Added +21.8k +21,775
93 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 112,072112.1k $3.5m $3.5m 0.02% Added +3.4k +3,424
94 Oliver Luxxe Assets LLC 0.87% of their portfolio GLADSTONE, NJ 108,338108.3k $3.4m $3.4m 0.87% Added +2.5k +2,474
95 Foundations Investment Advisors, LLC 0.10% of their portfolio PHOENIX, AZ 106,170106.2k $3.3m $3.3m 0.10% Added +8.0k +8,023
96 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.05% of their portfolio Stamford, CT 105,020105.0k $3.3m $3.3m 0.05% Added +63.5k +63,498
97 GROUP ONE TRADING LLC 0.13% of their portfolio CHICAGO, IL 104,297104.3k $3.3m $3.3m 0.13% Reduced -51.2k -51,206
98 DAVENPORT & Co LLC 0.02% of their portfolio RICHMOND, VA 102,636102.6k $3.2m $3.2m 0.02% Added +3.7k +3,701
99 First Heartland Consultants, Inc. 0.39% of their portfolio LAKE ST. LOUIS, MO 98,90298.9k $3.1m $3.1m 0.39% Reduced -6.0k -5,995
100 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 98,86798.9k $3.1m $3.1m 0.00% Added +36.1k +36,103