Vault-13

BRITISH AMERN TOB PLC BTI

SPONSORED ADR · ADR · CUSIP 110448107 · ISIN US1104481072

610 institutional holders +46 vs Q2 2024
184,685,030184.7m shares reported held*
$6.8bnreported value*
95 new 246 added 185 reduced 50 sold out net bought ≈ $1.1bn (+30.8m 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 ($19.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.81. Options: 24 managers hold calls ($168.8m notional), 26 hold puts ($262.2m).

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 535Q4 22: 586Q1 23: 574Q2 23: 573Q3 23: 554Q4 23: 551Q1 24: 573Q2 24: 564Q3 24: 610610Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 2022535
Q4 2022586
Q1 2023574
Q2 2023573
Q3 2023554
Q4 2023551
Q1 2024573
Q2 2024564
Q3 2024610

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 outQ1 23: 323 bought or addedQ1 23: 229 cut or sold outQ1 23Q2 23: 263 bought or addedQ2 23: 283 cut or sold outQ3 23: 271 bought or addedQ3 23: 231 cut or sold outQ3 23Q4 23: 219 bought or addedQ4 23: 313 cut or sold outQ1 24: 314 bought or addedQ1 24: 231 cut or sold outQ1 24Q2 24: 312 bought or addedQ2 24: 242 cut or sold outQ3 24: 341 bought or addedQ3 24: 235 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022307220
Q1 2023323229
Q2 2023263283
Q3 2023271231
Q4 2023219313
Q1 2024314231
Q2 2024312242
Q3 2024341235

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ4 23 calls: $129.7mQ4 23 puts: $150.4mQ4 23P/C 1.16Q1 24 calls: $137.1mQ1 24 puts: $168.0mQ1 24P/C 1.23Q2 24 calls: $149.1mQ2 24 puts: $184.5mQ2 24P/C 1.24Q3 24 calls: $168.8mQ3 24 puts: $262.2mQ3 24P/C 1.55
Numbers
QuarterCallsPutsP/C
Q4 2023$129.7m$150.4m1.16
Q1 2024$137.1m$168.0m1.23
Q2 2024$149.1m$184.5m1.24
Q3 2024$168.8m$262.2m1.55

Biggest buyers

GQG Partners LLC New +13,704,562+13.7m
Capital International Investors Added +6,807,079+6.8m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +4,823,935+4.8m
FMR LLC Added +2,868,675+2.9m
RAYMOND JAMES & ASSOCIATES Added +2,079,761+2.1m
Optiver Holding B.V. Added +1,043,942+1.0m
JANE STREET GROUP, LLC Added +914,445+914.4k
Mondrian Investment Partners LTD Added +872,024+872.0k
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO New +770,436+770.4k
Bridgewater Associates, LP New +741,344+741.3k

Biggest sellers

Orbis Allan Gray Ltd Reduced -4,166,810-4.2m
Capital World Investors Reduced -2,895,925-2.9m
BARCLAYS PLC Reduced -1,509,637-1.5m
Prevatt Capital Ltd Sold out -800,000-800.0k
MORGAN STANLEY Reduced -334,200-334.2k
SIMPLEX TRADING, LLC Sold out -258,941-258.9k
Newport Trust Company, LLC Reduced -192,297-192.3k
Bulltick Wealth Management, LLC Reduced -191,546-191.5k
Invesco Ltd. Reduced -180,039-180.0k
Freestone Capital Holdings, LLC Sold out -173,536-173.5k

Biggest calls

CITADEL ADVISORS LLC Added $25.7m701.7k shares
Optiver Holding B.V. Reduced $20.9m571.2k shares
GROUP ONE TRADING LLC Added $18.9m516.1k shares
Twin Tree Management, LP Added $16.0m437.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $15.5m424.4k shares
JPMORGAN CHASE & CO New $14.6m400.0k shares
SIMPLEX TRADING, LLC Added $12.1m330.8k shares
UBS Group AG Reduced $8.6m236.3k shares
WOLVERINE TRADING, LLC Reduced $5.2m140.4k shares
JANE STREET GROUP, LLC Reduced $4.4m120.8k shares

Biggest puts

Optiver Holding B.V. Added $88.1m2.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $36.6m1.0m shares
CITADEL ADVISORS LLC Reduced $18.5m505.4k shares
SIMPLEX TRADING, LLC Added $17.5m478.3k shares
UBS Group AG New $13.5m369.0k shares
JANE STREET GROUP, LLC Added $11.3m309.7k shares
Twin Tree Management, LP New $11.1m302.7k shares
D. E. Shaw & Co., Inc. Added $10.4m285.3k shares
CAPITAL FUND MANAGEMENT S.A. Added $10.3m280.4k shares
GTS SECURITIES LLC Added $6.1m167.3k 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 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 Q3 2024.

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital International Investors 0.23% of their portfolio Los Angeles, CA 33,199,38733.2m $1.2bn $1.2bn 0.23% Added +6.8m +6,807,079
2 BlackRock, Inc. 0.01% of their portfolio New York, NY 15,631,29015.6m $571.8m $571.8m 0.01% First filing
3 Capital Research Global Investors 0.12% of their portfolio Los Angeles, CA 15,546,92215.5m $568.7m $568.7m 0.12% Added +225.7k +225,702
4 GQG Partners LLC 0.79% of their portfolio FT. LAUDERDALE, FL 13,704,56213.7m $501.3m $501.3m 0.79% New
5 Orbis Allan Gray Ltd 1.59% of their portfolio HamiltoN, D0 8,217,4298.2m $300.6m $300.6m 1.59% Reduced -4.2m -4,166,810
6 FMR LLC 0.02% of their portfolio BOSTON, MA 7,105,3567.1m $259.9m $259.9m 0.02% Added +2.9m +2,868,675
7 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,951,7945.0m $181.1m $181.1m 0.01% Reduced -334.2k -334,200
8 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.20% of their portfolio BOSTON, MA 4,898,2244.9m $239.6m $239.6m 0.20% Added +4.8m +4,823,935
9 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,617,2194.6m $168.9m $168.9m 0.01% Added +205.8k +205,834
10 RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio ST PETERSBURG, FL 4,359,5264.4m $159.5m $159.5m 0.10% Added +2.1m +2,079,761
11 CITADEL ADVISORS LLC 0.16% of their portfolio MIAMI, FL 4,099,3074.1m $150.0m $150.0m 0.16% Reduced -95.9k -95,935
12 NATIXIS ADVISORS, LLC 0.20% of their portfolio Boston, MA 2,873,4562.9m $105.1m $105.1m 0.20% Added +206.1k +206,117
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,855,0762.9m $104.4m $104.4m 0.00% Added +131.2k +131,210
14 Newport Trust Company, LLC 0.25% of their portfolio Washington, DC 2,827,6422.8m $103.4m $103.4m 0.25% Reduced -192.3k -192,297
15 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,354,4512.4m $86.1m $86.1m 0.02% Added +736.5k +736,456
16 FEDERATED HERMES, INC. 0.19% of their portfolio PITTSBURGH, PA 2,314,3802.3m $84.7m $84.7m 0.19% Added +44.6k +44,617
17 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 2,287,3122.3m $83.7m $83.7m 0.03% Added +206.6k +206,598
18 Pacer Advisors, Inc. 0.17% of their portfolio Malvern, PA 2,161,1472.2m $79.1m $79.1m 0.17% Added +30.9k +30,935
19 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,986,7372.0m $72.7m $72.7m 0.02% Added +41.5k +41,528
20 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,825,1091.8m $66.8m $66.8m 0.01% Reduced -158.3k -158,268
21 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,700,3161.7m $62.2m $62.2m 0.01% Added +32.7k +32,663
22 Mondrian Investment Partners LTD 0.78% of their portfolio LONDON, X0 1,406,0241.4m $51.4m $51.4m 0.78% Added +872.0k +872,024
23 ICICI Prudential Asset Management Co Ltd 5.04% of their portfolio MUMBAI, K7 1,304,5291.3m $47.7m $47.7m 5.04% Unchanged
24 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 1,254,7471.3m $45.9m $45.9m 0.04% Reduced -164.2k -164,217
25 Cullen Capital Management, LLC 0.49% of their portfolio New York, NY 1,231,1761.2m $45.0m $45.0m 0.49% Added +371.0k +371,009
26 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,123,2741.1m $41.1m $41.1m 0.02% Added +98.6k +98,648
27 TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio NEW YORK, NY 1,120,8011.1m $41.0m $41.0m 0.09% Added +335.1k +335,117
28 Optiver Holding B.V. 0.99% of their portfolio AMSTERDAM, P7 1,067,0441.1m $39.0m $39.0m 0.99% Added +1.0m +1,043,942
29 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 1,016,8571.0m $37.2m $37.2m 0.06% Added +914.4k +914,445
30 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 924,478924.5k $33.8m $33.8m 0.01% Reduced -180.0k -180,039
31 First Eagle Investment Management, LLC 0.06% of their portfolio NEW YORK, NY 856,943856.9k $31.3m $31.3m 0.06% Added +77.5k +77,465
32 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 839,030839.0k $30.7m $30.7m 0.01% Reduced -9.5k -9,516
33 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 810,778810.8k $30.3m $30.3m 0.00% Reduced -11.8k -11,840
34 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.12% of their portfolio COLUMBUS, OH 770,436770.4k $28.2m $28.2m 0.12% New
35 CAUSEWAY CAPITAL MANAGEMENT LLC 0.68% of their portfolio LOS ANGELES, CA 754,901754.9k $27.6m $27.6m 0.68% Added +22.1k +22,078
36 Bridgewater Associates, LP 0.15% of their portfolio Westport, CT 741,344741.3k $27.1m $27.1m 0.15% New
37 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 686,422686.4k $25.1m $25.1m 0.06% Reduced -26.1k -26,119
38 Euro Pacific Asset Management, LLC 4.52% of their portfolio DORADO, PR 669,101669.1k $24.5m $24.5m 4.52% Reduced -3.1k -3,122
39 CIBC WORLD MARKET INC. 0.05% of their portfolio TORONTO, A6 648,714648.7k $23.7m $23.7m 0.05% Added +10.7k +10,691
40 INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 9.15% of their portfolio GREENWOOD VILLAGE, CO 633,682633.7k $23.2m $23.2m 9.15% Reduced -41.8k -41,753
41 TWO SIGMA ADVISERS, LP 0.05% of their portfolio NEW YORK, NY 628,300628.3k $23.0m $23.0m 0.05% Reduced -119.5k -119,500
42 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 579,100579.1k $21.2m $21.2m 0.02% Reduced -50.8k -50,819
43 Connor, Clark & Lunn Investment Management Ltd. 0.10% of their portfolio VANCOUVER, A1 572,077572.1k $20.9m $20.9m 0.10% Added +554.5k +554,491
44 TODD ASSET MANAGEMENT LLC 0.47% of their portfolio Louisville, KY 548,362548.4k $20.1m $20.1m 0.47% Added +291.0k +290,997
45 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 518,254518.3k $19.0m $19.0m 0.05% New
46 SUMMIT SECURITIES GROUP LLC 3.30% of their portfolio NEW YORK, NY 502,948502.9k $5.2m $5.2m 3.30% Added +464.8k +464,833
47 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.15% of their portfolio Stamford, CT 485,576485.6k $17.2m $17.2m 0.15% Added +106.0k +105,979
48 Grantham, Mayo, Van Otterloo & Co. LLC 0.05% of their portfolio Boston, MA 452,417452.4k $16.5m $16.5m 0.05% New
49 CAPITAL FUND MANAGEMENT S.A. 0.17% of their portfolio PARIS, I0 425,830425.8k $15.6m $15.6m 0.17% Reduced -6.3k -6,285
50 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 413,365413.4k $15.1m $15.1m 0.03% Added +260.2k +260,180
51 KIZE CAPITAL LP 16.91% of their portfolio NEW YORK, NY 395,000395.0k $14.4m $14.4m 16.91% Added +45.0k +45,000
52 Adams Asset Advisors, LLC 1.90% of their portfolio DALLAS, TX 393,524393.5k $14.4m $14.4m 1.90% Added +2.8k +2,757
53 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.12% of their portfolio FRANKFORT, KY 385,920385.9k $14.1m $14.1m 0.12% Added +218.0k +218,000
54 Dupree Financial Group, LLC 5.61% of their portfolio LEXINGTON, KY 383,213383.2k $14.0m $14.0m 5.61% Reduced -3.2k -3,208
55 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 381,906381.9k $14.0m $14.0m 0.02% Added +375.8k +375,775
56 GW HENSSLER & ASSOCIATES LTD 0.77% of their portfolio KENNESAW, GA 372,071372.1k $13.6m $13.6m 0.77% Added +13.2k +13,176
57 UBS Group AG 0.00% of their portfolio ZURICH, V8 339,093339.1k $12.4m $12.4m 0.00% Reduced -166.6k -166,584
58 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 333,714333.7k $12.2m $12.2m 0.02% Reduced -12.5k -12,518
59 U.S. Capital Wealth Advisors, LLC 0.41% of their portfolio AUSTIN, TX 318,509318.5k $11.7m $11.7m 0.41% Added +4.4k +4,368
60 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 317,471317.5k $11.6m $11.6m 0.02% Reduced -53.0k -52,982
61 EPACRIA CAPITAL PARTNERS, LLC 7.85% of their portfolio BOULDER, CO 314,531314.5k $11.5m $11.5m 7.85% Unchanged
62 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio CAUSEWAY BAY, K3 306,077306.1k $11.2m $11.2m 0.03% Added +21.7k +21,702
63 Trexquant Investment LP 0.14% of their portfolio STAMFORD, CT 297,466297.5k $10.9m $10.9m 0.14% Added +240.5k +240,471
64 GATEWAY INVESTMENT ADVISERS LLC 0.10% of their portfolio CINCINNATI, OH 257,625257.6k $9.4m $9.4m 0.10% Reduced -69.4k -69,382
65 Altrius Capital Management Inc 2.16% of their portfolio NEW BERN, NC 235,691235.7k $8.6m $8.6m 2.16% Reduced -8.0k -7,985
66 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 232,307232.3k $8.5m $8.5m 0.02% New
67 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 227,093227.1k $8.3m $8.3m 0.00% Added +63.5k +63,537
68 Prescott General Partners LLC 0.54% of their portfolio BOCA RATON, FL 220,100220.1k $8.1m $8.1m 0.54% Added +20.1k +20,100
69 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 213,489213.5k $7.8m $7.8m 0.02% Reduced -6.9k -6,914
70 Pathstone Holdings, LLC 0.03% of their portfolio ENGLEWOOD, NJ 213,004213.0k $7.8m $7.8m 0.03% Reduced -13.5k -13,483
71 OPPENHEIMER ASSET MANAGEMENT INC. 0.09% of their portfolio NEW YORK, NY 207,724207.7k $7.6m $7.6m 0.09% Added +54.6k +54,555
72 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 201,852201.9k $7.4m $7.4m 0.01% Added +19.3k +19,326
73 Capital International, Inc./CA/ 0.09% of their portfolio Los Angeles, CA 201,616201.6k $7.4m $7.4m 0.09% Added +84.2k +84,188
74 MANNING & NAPIER ADVISORS LLC 0.08% of their portfolio Fairport, NY 199,641199.6k $7.3m $7.3m 0.08% Added +697 +697
75 AUXIER ASSET MANAGEMENT LLC 1.08% of their portfolio AURORA, OR 199,596199.6k $7.3m $7.3m 1.08% Added +12.8k +12,800
76 FINANCIAL COUNSELORS INC 0.10% of their portfolio Overland Park, KS 189,064189.1k $6.9m $6.9m 0.10% Reduced -5.3k -5,332
77 TrueMark Investments, LLC 2.18% of their portfolio CHICAGO, IL 185,852185.9k $6.8m $6.8m 2.18% Reduced -3.4k -3,381
78 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 183,335183.3k $6.7m $6.7m 0.01% Added +70.7k +70,713
79 Insight Folios Inc 2.36% of their portfolio Charlotte, NC 180,776180.8k $6.6m $6.6m 2.36% Added +12.0k +11,988
80 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 180,103180.1k $6.6m $6.6m 0.01% Added +65.5k +65,451
81 QRG CAPITAL MANAGEMENT, INC. 0.07% of their portfolio BERWYN, PA 178,595178.6k $6.5m $6.5m 0.07% Added +28.9k +28,898
82 VALICENTI ADVISORY SERVICES INC 1.63% of their portfolio ELMIRA, NY 173,851173.9k $6.4m $6.4m 1.63% Reduced -2.6k -2,587
83 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 173,779173.8k $6.4m $6.4m 0.02% Added +7.0k +7,009
84 Keystone Financial Planning, Inc. 1.92% of their portfolio CLEVELAND, OH 173,270173.3k $6.3m $6.3m 1.92% Reduced -169 -169
85 Savoir Faire Capital Management, L.P. 3.22% of their portfolio NORWALK, CT 172,520172.5k $6.3m $6.3m 3.22% Added +147.5k +147,520
86 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 171,791171.8k $6.3m $6.3m 0.01% Added +101.7k +101,674
87 Moran Wealth Management, LLC 0.19% of their portfolio NAPLES, FL 170,372170.4k $6.2m $6.2m 0.19% Reduced -2.5k -2,454
88 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 170,162170.2k $6.2m $6.2m 0.02% Reduced -104.6k -104,564
89 HENNESSY ADVISORS INC 0.20% of their portfolio NOVATO, CA 168,800168.8k $6.2m $6.2m 0.20% Unchanged
90 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 166,353166.4k $6.1m $6.1m 0.01% Added +43.1k +43,098
91 Philip James Wealth Mangement, LLC 0.75% of their portfolio MILTON, GA 166,327166.3k $6.1m $6.1m 0.75% New
92 Schonfeld Strategic Advisors LLC 0.05% of their portfolio NEW YORK, NY 165,302165.3k $6.0m $6.0m 0.05% New
93 Kennon-Green & Company, LLC 4.84% of their portfolio NEW ALBANY, OH 159,210159.2k $5.8m $5.8m 4.84% Reduced -183 -183
94 VIKING FUND MANAGEMENT LLC 0.94% of their portfolio MINOT, ND 157,500157.5k $5.8m $5.8m 0.94% Reduced -23.0k -23,000
95 RITHOLTZ WEALTH MANAGEMENT 0.17% of their portfolio NEW YORK, NY 155,821155.8k $5.7m $5.7m 0.17% Added +33.2k +33,156
96 Cubist Systematic Strategies, LLC 0.08% of their portfolio STAMFORD, CT 150,091150.1k $5.5m $5.5m 0.08% Added +144.5k +144,512
97 Rheos Capital Works Inc. 0.29% of their portfolio Tokyo, M0 150,000150.0k $5.5m $5.5m 0.29% Unchanged
98 Foundations Investment Advisors, LLC 0.12% of their portfolio PHOENIX, AZ 149,771149.8k $5.5m $5.5m 0.12% Added +19.3k +19,345
99 Inlet Private Wealth, LLC 1.35% of their portfolio Jupiter, FL 145,678145.7k $5.3m $5.3m 1.35% Added +100 +100
100 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 145,097145.1k $5.3m $5.3m 0.00% Added +11.8k +11,813