Vault-13

BRITISH AMERN TOB PLC BTI

SPONSORED ADR · ADR · CUSIP 110448107 · ISIN US1104481072

573 institutional holders +22 vs Q4 2023
159,370,685159.4m shares reported held*
$4.9bnreported value*
78 new 236 added 178 reduced 53 sold out net bought ≈ $519.5m (+17.0m 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 ($3.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $30.50. Options: 28 managers hold calls ($137.1m notional), 25 hold puts ($168.0m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 535Q4 22: 586Q1 23: 574Q2 23: 573Q3 23: 554Q4 23: 551Q1 24: 573573Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022535
Q4 2022586
Q1 2023574
Q2 2023573
Q3 2023554
Q4 2023551
Q1 2024573

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 23Q4 23: 219 bought or addedQ4 23: 313 cut or sold outQ4 23Q1 24: 314 bought or addedQ1 24: 231 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022307220
Q1 2023323229
Q2 2023263283
Q3 2023271231
Q4 2023219313
Q1 2024314231

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ2 23 calls: $125.1mQ2 23 puts: $185.1mQ2 23P/C 1.48Q3 23 calls: $121.4mQ3 23 puts: $166.5mQ3 23P/C 1.37Q4 23 calls: $129.7mQ4 23 puts: $150.4mQ4 23P/C 1.16Q1 24 calls: $137.1mQ1 24 puts: $168.0mQ1 24P/C 1.23
Numbers
QuarterCallsPutsP/C
Q2 2023$125.1m$185.1m1.48
Q3 2023$121.4m$166.5m1.37
Q4 2023$129.7m$150.4m1.16
Q1 2024$137.1m$168.0m1.23

Biggest buyers

MORGAN STANLEY Added +10,914,258+10.9m
Orbis Allan Gray Ltd Added +4,686,749+4.7m
CITADEL ADVISORS LLC Added +2,865,595+2.9m
Invesco Ltd. New +1,214,974+1.2m
FMR LLC Added +1,159,994+1.2m
Cubist Systematic Strategies, LLC Added +397,857+397.9k
Qube Research & Technologies Ltd Added +391,135+391.1k
Cullen Capital Management, LLC Added +340,429+340.4k
BANK OF AMERICA CORP /DE/ Added +318,286+318.3k
BlackRock Inc. Added +246,981+247.0k

Biggest sellers

Capital International Investors Reduced -1,617,976-1.6m
TWO SIGMA ADVISERS, LP Reduced -1,091,000-1.1m
Grantham, Mayo, Van Otterloo & Co. LLC Reduced -1,035,460-1.0m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -924,090-924.1k
JPMORGAN CHASE & CO Reduced -747,652-747.7k
TWO SIGMA INVESTMENTS, LP Reduced -689,408-689.4k
FEDERATED HERMES, INC. Reduced -354,850-354.9k
CREDIT SUISSE AG/ Reduced -308,735-308.7k
UBS Group AG Reduced -229,883-229.9k
Privium Fund Management (UK) Ltd Sold out -224,303-224.3k

Biggest calls

Optiver Holding B.V. Added $30.3m992.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $16.4m536.3k shares
UBS Group AG Unchanged $14.0m457.5k shares
CITADEL ADVISORS LLC Reduced $13.2m434.1k shares
NOMURA HOLDINGS INC New $10.3m338.3k shares
GROUP ONE TRADING LLC Added $8.9m290.7k shares
D. E. Shaw & Co., Inc. Added $7.1m231.6k shares
SIMPLEX TRADING, LLC Reduced $6.1m199.3k shares
Schonfeld Strategic Advisors LLC New $5.8m190.0k shares
Twin Tree Management, LP Reduced $4.8m157.5k shares

Biggest puts

Optiver Holding B.V. Added $55.9m1.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $34.1m1.1m shares
SIMPLEX TRADING, LLC Reduced $12.5m409.8k shares
CITADEL ADVISORS LLC Reduced $12.5m409.3k shares
D. E. Shaw & Co., Inc. Reduced $11.4m372.5k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $5.9m193.1k shares
Twin Tree Management, LP Reduced $5.8m188.8k shares
MILLENNIUM MANAGEMENT LLC Added $5.2m168.9k shares
GTS SECURITIES LLC Reduced $3.6m118.0k shares
GROUP ONE TRADING LLC Reduced $3.5m113.2k 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 2024

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 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital International Investors 0.12% of their portfolio Los Angeles, CA 19,968,10320.0m $609.0m $609.0m 0.12% Reduced -1.6m -1,617,976
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 19,183,57219.2m $585.1m $585.1m 0.02% Added +10.9m +10,914,258
3 BlackRock Inc. 0.01% of their portfolio New York, NY 17,733,29217.7m $540.9m $540.9m 0.01% Added +247.0k +246,981
4 Capital Research Global Investors 0.11% of their portfolio Los Angeles, CA 15,312,86515.3m $467.0m $467.0m 0.11% Reduced -3.8k -3,823
5 Orbis Allan Gray Ltd 2.31% of their portfolio HamiltoN, D0 12,635,73912.6m $385.4m $385.4m 2.31% Added +4.7m +4,686,749
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,226,5064.2m $128.9m $128.9m 0.01% Added +318.3k +318,286
7 Capital World Investors 0.02% of their portfolio LOS ANGELES, CA 3,836,3653.8m $117.0m $117.0m 0.02% Added +13.6k +13,643
8 CITADEL ADVISORS LLC 0.10% of their portfolio MIAMI, FL 3,483,9263.5m $106.3m $106.3m 0.10% Added +2.9m +2,865,595
9 Newport Trust Company, LLC 0.27% of their portfolio Washington, DC 3,199,3133.2m $97.6m $97.6m 0.27% Added +9.2k +9,159
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,015,5803.0m $92.0m $92.0m 0.00% Reduced -747.7k -747,652
11 FMR LLC 0.01% of their portfolio BOSTON, MA 2,626,8952.6m $80.1m $80.1m 0.01% Added +1.2m +1,159,994
12 FEDERATED HERMES, INC. 0.17% of their portfolio PITTSBURGH, PA 2,384,3102.4m $72.7m $72.7m 0.17% Reduced -354.9k -354,850
13 RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio ST PETERSBURG, FL 2,236,7592.2m $68.2m $68.2m 0.05% Reduced -185.1k -185,108
14 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,149,0192.1m $65.5m $65.5m 0.02% Reduced -200.8k -200,841
15 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 2,133,1342.1m $65.1m $65.1m 0.02% Reduced -173.1k -173,141
16 NATIXIS ADVISORS, LLC 0.14% of their portfolio Boston, MA 2,052,7052.1m $62.6m $62.6m 0.14% Reduced -47.3k -47,264
17 Pacer Advisors, Inc. 0.14% of their portfolio Malvern, PA 1,955,0462.0m $59.6m $59.6m 0.14% Added +109.3k +109,258
18 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,777,0561.8m $54.2m $54.2m 0.01% Added +224.9k +224,882
19 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,701,1471.7m $51.9m $51.9m 0.01% Reduced -124.5k -124,516
20 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,674,1591.7m $51.1m $51.1m 0.01% Reduced -43.0k -43,046
21 ICICI Prudential Asset Management Co Ltd 4.93% of their portfolio MUMBAI, K7 1,429,8371.4m $43.6m $43.6m 4.93% Added +35.7k +35,708
22 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,214,9741.2m $37.1m $37.1m 0.01% New
23 Grantham, Mayo, Van Otterloo & Co. LLC 0.13% of their portfolio Boston, MA 1,193,2381.2m $36.4m $36.4m 0.13% Reduced -1.0m -1,035,460
24 TWO SIGMA ADVISERS, LP 0.08% of their portfolio NEW YORK, NY 1,127,1001.1m $34.4m $34.4m 0.08% Reduced -1.1m -1,091,000
25 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,038,4531.0m $31.7m $31.7m 0.02% Reduced -56.0k -55,972
26 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 934,314934.3k $28.5m $28.5m 0.01% Added +46.4k +46,403
27 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 825,767825.8k $25.8m $25.8m 0.00% Reduced -216.3k -216,267
28 Prevatt Capital Ltd 8.27% of their portfolio NASSAU, C5 800,000800.0k $24.4m $24.4m 8.27% Unchanged
29 First Eagle Investment Management, LLC 0.05% of their portfolio NEW YORK, NY 722,462722.5k $22.0m $22.0m 0.05% Added +215.3k +215,305
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 700,769700.8k $21.4m $21.4m 0.03% Added +113.2k +113,213
31 CAUSEWAY CAPITAL MANAGEMENT LLC 0.56% of their portfolio LOS ANGELES, CA 696,191696.2k $21.2m $21.2m 0.56% Added +139.9k +139,892
32 Cullen Capital Management, LLC 0.23% of their portfolio New York, NY 688,793688.8k $21.0m $21.0m 0.23% Added +340.4k +340,429
33 Euro Pacific Asset Management, LLC 4.04% of their portfolio DORADO, PR 656,266656.3k $19.8m $19.8m 4.04% Added +40.5k +40,528
34 INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 6.55% of their portfolio GREENWOOD VILLAGE, CO 620,930620.9k $18.9m $18.9m 6.55% Added +211.0k +210,994
35 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 615,174615.2k $18.8m $18.8m 0.05% Reduced -689.4k -689,408
36 Cubist Systematic Strategies, LLC 0.19% of their portfolio STAMFORD, CT 550,807550.8k $16.8m $16.8m 0.19% Added +397.9k +397,857
37 CIBC WORLD MARKET INC. 0.04% of their portfolio TORONTO, A6 540,619540.6k $16.5m $16.5m 0.04% Added +137.4k +137,426
38 CAPITAL FUND MANAGEMENT S.A. 0.20% of their portfolio PARIS, I0 526,284526.3k $16.1m $16.1m 0.20% Added +199.3k +199,294
39 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 504,472504.5k $15.4m $15.4m 0.03% Added +391.1k +391,135
40 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 487,983488.0k $14.9m $14.9m 0.03% Added +97.6k +97,556
41 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 483,982484.0k $14.8m $14.8m 0.02% Added +3.7k +3,686
42 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 406,183406.2k $12.4m $12.4m 0.02% Reduced -109.6k -109,645
43 Adams Asset Advisors, LLC 1.42% of their portfolio DALLAS, TX 359,995360.0k $11.0m $11.0m 1.42% Added +11.5k +11,491
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 350,424350.4k $10.7m $10.7m 0.00% Reduced -229.9k -229,883
45 GW HENSSLER & ASSOCIATES LTD 0.62% of their portfolio KENNESAW, GA 344,333344.3k $10.5m $10.5m 0.62% Added +86.9k +86,928
46 EPACRIA CAPITAL PARTNERS, LLC 6.89% of their portfolio BOULDER, CO 311,731311.7k $9.5m $9.5m 6.89% Added +10.9k +10,900
47 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 302,460302.5k $9.2m $9.2m 0.02% Reduced -15.9k -15,949
48 U.S. Capital Wealth Advisors, LLC 0.34% of their portfolio AUSTIN, TX 292,872292.9k $8.9m $8.9m 0.34% Added +27.3k +27,281
49 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 277,689277.7k $8.5m $8.5m 0.03% Reduced -14.9k -14,895
50 Dupree Financial Group, LLC 3.60% of their portfolio LEXINGTON, KY 264,827264.8k $8.1m $8.1m 3.60% Reduced -153 -153
51 TODD ASSET MANAGEMENT LLC 0.16% of their portfolio Louisville, KY 253,025253.0k $7.7m $7.7m 0.16% Added +42.4k +42,386
52 Altrius Capital Management Inc 1.82% of their portfolio NEW BERN, NC 236,556236.6k $7.2m $7.2m 1.82% Added +26.7k +26,745
53 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.08% of their portfolio Stamford, CT 233,986234.0k $7.1m $7.1m 0.08% Added +58.7k +58,678
54 CenterBook Partners LP 0.49% of their portfolio GREENWICH, CT 233,931233.9k $7.1m $7.1m 0.49% Added +130.6k +130,579
55 Bulltick Wealth Management, LLC 1.48% of their portfolio Miami, FL 227,356227.4k $7.1m $7.1m 1.48% Added +2.2k +2,245
56 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 216,598216.6k $6.6m $6.6m 0.01% Added +82.4k +82,378
57 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 208,465208.5k $6.4m $6.4m 0.01% Added +148.9k +148,858
58 Pathstone Holdings, LLC 0.03% of their portfolio ENGLEWOOD, NJ 205,424205.4k $6.3m $6.3m 0.03% Added +78.6k +78,580
59 Schonfeld Strategic Advisors LLC 0.05% of their portfolio NEW YORK, NY 203,608203.6k $6.2m $6.2m 0.05% Added +154.7k +154,708
60 SIMPLEX TRADING, LLC 0.18% of their portfolio CHICAGO, IL 201,539201.5k $6.1m $6.1m 0.18% Added +124.6k +124,616
61 FINANCIAL COUNSELORS INC 0.10% of their portfolio Overland Park, KS 200,769200.8k $6.1m $6.1m 0.10% Added +15.9k +15,857
62 Rakuten Securities, Inc. 2.53% of their portfolio TOKYO, M0 189,342189.3k $5.8m $5.8m 2.53% Added +169.3k +169,294
63 VIKING FUND MANAGEMENT LLC 0.99% of their portfolio MINOT, ND 179,500179.5k $5.5m $5.5m 0.99% Added +2.7k +2,700
64 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 176,387176.4k $5.4m $5.4m 0.01% Added +11.5k +11,546
65 VALICENTI ADVISORY SERVICES INC 1.48% of their portfolio ELMIRA, NY 173,963174.0k $5.3m $5.3m 1.48% Added +13.1k +13,064
66 Keystone Financial Planning, Inc. 1.72% of their portfolio CLEVELAND, OH 173,736173.7k $5.3m $5.3m 1.72% Reduced -6.8k -6,753
67 HENNESSY ADVISORS INC 0.22% of their portfolio NOVATO, CA 172,300172.3k $5.3m $5.3m 0.22% Added +34.1k +34,100
68 Moran Wealth Management, LLC 0.17% of their portfolio NAPLES, FL 172,003172.0k $5.2m $5.2m 0.17% Added +1.5k +1,545
69 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 168,746168.7k $5.2m $5.2m 0.00% Reduced -578 -578
70 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.05% of their portfolio FRANKFORT, KY 167,920167.9k $5.1m $5.1m 0.05% Added +29.0k +29,000
71 Manning & Napier Group, LLC 0.06% of their portfolio Fairport, NY 163,271163.3k $5.0m $5.0m 0.06% Reduced -13.1k -13,054
72 Insight Folios Inc 2.00% of their portfolio Charlotte, NC 162,043162.0k $4.9m $4.9m 2.00% Added +15.2k +15,219
73 AUXIER ASSET MANAGEMENT LLC 0.75% of their portfolio AURORA, OR 160,996161.0k $4.9m $4.9m 0.75% Added +1.8k +1,829
74 Walleye Trading LLC 0.08% of their portfolio NEW YORK, NY 159,599159.6k $4.9m $4.9m 0.08% Added +44.4k +44,353
75 Kennon-Green & Company, LLC 4.39% of their portfolio NEW ALBANY, OH 154,347154.3k $4.7m $4.7m 4.39% Added +8.4k +8,407
76 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 153,676153.7k $4.7m $4.7m 0.01% Added +12.4k +12,444
77 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 153,156153.2k $4.7m $4.7m 0.00% Reduced -33.5k -33,453
78 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.03% of their portfolio NEW YORK, NY 148,149148.1k $4.5m $4.5m 0.03% Added +976 +976
79 Inlet Private Wealth, LLC 1.24% of their portfolio Jupiter, FL 145,778145.8k $4.4m $4.4m 1.24% Added +5.8k +5,845
80 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 144,424144.4k $4.4m $4.4m 0.02% Reduced -20.0k -20,011
81 Greylin Investment Management, Inc 0.69% of their portfolio ORANGE, VA 141,594141.6k $4.3m $4.3m 0.69% Added +24.2k +24,199
82 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 138,843138.8k $4.2m $4.2m 0.02% Added +35.1k +35,087
83 MILLER HOWARD INVESTMENTS INC /NY 0.14% of their portfolio KINGSTON, NY 135,000135.0k $4.1m $4.1m 0.14% Unchanged
84 OPPENHEIMER ASSET MANAGEMENT INC. 0.06% of their portfolio NEW YORK, NY 133,984134.0k $4.1m $4.1m 0.06% Added +11.2k +11,177
85 Trexquant Investment LP 0.08% of their portfolio STAMFORD, CT 133,096133.1k $4.1m $4.1m 0.08% New
86 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 130,763130.8k $4.0m $4.0m 0.01% Reduced -85.4k -85,431
87 First Heartland Consultants, Inc. 0.41% of their portfolio LAKE ST. LOUIS, MO 130,187130.2k $4.0m $4.0m 0.41% Added +98.5k +98,548
88 Anthracite Investment Company, Inc. 1.98% of their portfolio FORT WORTH, TX 128,526128.5k $3.9m $3.9m 1.98% New
89 LOGAN CAPITAL MANAGEMENT INC 0.17% of their portfolio Newtown Square, PA 128,195128.2k $3.9m $3.9m 0.17% Added +2.1k +2,068
90 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 122,857122.9k $3.7m $3.7m 0.01% Added +3.0k +2,956
91 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 122,326122.3k $3.7m $3.7m 0.00% Added +17.8k +17,843
92 Foundations Investment Advisors, LLC 0.10% of their portfolio PHOENIX, AZ 120,900120.9k $3.7m $3.7m 0.10% Added +4.3k +4,315
93 Prosperity Consulting Group, LLC 0.46% of their portfolio OWINGS MILLS, MD 119,666119.7k $3.6m $3.6m 0.46% New
94 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 117,624117.6k $3.6m $3.6m 0.01% Added +12.2k +12,216
95 MERITAGE PORTFOLIO MANAGEMENT 0.23% of their portfolio OVERLAND PARK, KS 117,299117.3k $3.6m $3.6m 0.23% Reduced -7.7k -7,683
96 Y-Intercept (Hong Kong) Ltd 0.26% of their portfolio HONG KONG, K3 113,768113.8k $3.5m $3.5m 0.26% New
97 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 113,353113.4k $3.5m $3.5m 0.00% Added +48.0k +47,998
98 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 112,762112.8k $3.4m $3.4m 0.00% Added +4.9k +4,878
99 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 112,607112.6k $3.4m $3.4m 0.00% Added +44.7k +44,720
100 MOTCO 0.21% of their portfolio SAN ANTONIO, TX 112,581112.6k $3.4m $3.4m 0.21% Added +1.3k +1,308