Vault-13

BRITISH AMERN TOB PLC BTI

SPONSORED ADR · ADR · CUSIP 110448107 · ISIN US1104481072

620 institutional holders +10 vs Q3 2024
189,453,284189.5m shares reported held*
$6.9bnreported value*
47 new 226 added 207 reduced 78 sold out net bought ≈ $193.7m (+6.0m 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 ($6.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.41. Options: 22 managers hold calls ($155.0m notional), 23 hold puts ($269.2m).

Trends to Q4 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: 610Q4 24: 620620Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022535
Q4 2022586
Q1 2023574
Q2 2023573
Q3 2023554
Q4 2023551
Q1 2024573
Q2 2024564
Q3 2024610
Q4 2024620

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 23: 323 bought or addedQ1 23: 229 cut or sold outQ2 23: 263 bought or addedQ2 23: 283 cut or sold outQ2 23Q3 23: 271 bought or addedQ3 23: 231 cut or sold outQ4 23: 219 bought or addedQ4 23: 313 cut or sold outQ4 23Q1 24: 314 bought or addedQ1 24: 231 cut or sold outQ2 24: 312 bought or addedQ2 24: 242 cut or sold outQ2 24Q3 24: 341 bought or addedQ3 24: 235 cut or sold outQ4 24: 273 bought or addedQ4 24: 285 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023323229
Q2 2023263283
Q3 2023271231
Q4 2023219313
Q1 2024314231
Q2 2024312242
Q3 2024341235
Q4 2024273285

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ1 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 1.55Q4 24 calls: $155.0mQ4 24 puts: $269.2mQ4 24P/C 1.74
Numbers
QuarterCallsPutsP/C
Q1 2024$137.1m$168.0m1.23
Q2 2024$149.1m$184.5m1.24
Q3 2024$168.8m$262.2m1.55
Q4 2024$155.0m$269.2m1.74

Biggest buyers

Capital International Investors Added +5,673,619+5.7m
Mondrian Investment Partners LTD Added +3,280,641+3.3m
FMR LLC Added +3,127,046+3.1m
BANK OF MONTREAL /CAN/ Added +2,001,311+2.0m
Bridgewater Associates, LP Added +1,940,035+1.9m
Orbis Allan Gray Ltd Added +1,763,791+1.8m
CITADEL ADVISORS LLC Added +1,255,836+1.3m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +1,196,020+1.2m
Grantham, Mayo, Van Otterloo & Co. LLC Added +917,334+917.3k
MORGAN STANLEY Added +633,120+633.1k

Biggest sellers

GQG Partners LLC Reduced -7,697,013-7.7m
FEDERATED HERMES, INC. Reduced -2,162,509-2.2m
BlackRock, Inc. Reduced -2,010,894-2.0m
BANK OF AMERICA CORP /DE/ Reduced -1,088,228-1.1m
ENVESTNET ASSET MANAGEMENT INC Reduced -882,760-882.8k
WELLS FARGO & COMPANY/MN Reduced -697,711-697.7k
Pacer Advisors, Inc. Reduced -505,507-505.5k
SUMMIT SECURITIES GROUP LLC Reduced -482,448-482.4k
JANE STREET GROUP, LLC Reduced -451,853-451.9k
ROYAL BANK OF CANADA Reduced -404,316-404.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $29.0m799.3k shares
CITADEL ADVISORS LLC Added $26.1m719.2k shares
Optiver Holding B.V. Added $25.8m711.7k shares
GROUP ONE TRADING LLC Added $20.2m555.2k shares
SIMPLEX TRADING, LLC Added $13.2m362.8k shares
JPMORGAN CHASE & CO Reduced $7.3m200.0k shares
WOLVERINE TRADING, LLC Added $6.2m172.3k shares
Walleye Capital LLC Added $4.8m132.2k shares
JANE STREET GROUP, LLC Added $4.7m129.8k shares
Walleye Trading LLC Added $3.8m106.0k shares

Biggest puts

Optiver Holding B.V. Reduced $59.3m1.6m shares
CITADEL ADVISORS LLC Added $37.1m1.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $31.2m859.8k shares
SIMPLEX TRADING, LLC Reduced $16.9m466.7k shares
UBS Group AG Added $15.3m421.8k shares
JANE STREET GROUP, LLC Added $14.1m387.8k shares
Twin Tree Management, LP Added $11.4m315.2k shares
D. E. Shaw & Co., Inc. Reduced $10.3m282.8k shares
Squarepoint Ops LLC New $9.8m269.9k shares
HSBC HOLDINGS PLC Added $7.9m218.6k 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 Q4 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 Q4 2024.

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital International Investors 0.27% of their portfolio Los Angeles, CA 38,873,00638.9m $1.4bn $1.4bn 0.27% Added +5.7m +5,673,619
2 Capital Research Global Investors 0.12% of their portfolio Los Angeles, CA 15,594,36115.6m $566.4m $566.4m 0.12% Added +47.4k +47,439
3 BlackRock, Inc. 0.01% of their portfolio New York, NY 13,620,39613.6m $494.7m $494.7m 0.01% Reduced -2.0m -2,010,894
4 FMR LLC 0.02% of their portfolio BOSTON, MA 10,232,40210.2m $371.6m $371.6m 0.02% Added +3.1m +3,127,046
5 Orbis Allan Gray Ltd 1.95% of their portfolio HamiltoN, D0 9,981,22010.0m $362.5m $362.5m 1.95% Added +1.8m +1,763,791
6 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.18% of their portfolio BOSTON, MA 6,094,2446.1m $221.3m $221.3m 0.18% Added +1.2m +1,196,020
7 GQG Partners LLC 0.32% of their portfolio FT. LAUDERDALE, FL 6,007,5496.0m $218.2m $218.2m 0.32% Reduced -7.7m -7,697,013
8 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,584,9145.6m $202.8m $202.8m 0.01% Added +633.1k +633,120
9 CITADEL ADVISORS LLC 0.18% of their portfolio MIAMI, FL 5,355,1435.4m $194.5m $194.5m 0.18% Added +1.3m +1,255,836
10 Mondrian Investment Partners LTD 3.07% of their portfolio LONDON, X0 4,686,6654.7m $185.8m $185.8m 3.07% Added +3.3m +3,280,641
11 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,528,9913.5m $128.2m $128.2m 0.01% Reduced -1.1m -1,088,228
12 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,175,6153.2m $115.3m $115.3m 0.01% Added +320.5k +320,539
13 NATIXIS ADVISORS, LLC 0.20% of their portfolio Boston, MA 3,010,6873.0m $109.3m $109.3m 0.20% Added +137.2k +137,231
14 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,966,8383.0m $107.8m $107.8m 0.02% Added +612.4k +612,387
15 Newport Trust Company, LLC 0.24% of their portfolio Washington, DC 2,743,2552.7m $99.6m $99.6m 0.24% Reduced -84.4k -84,387
16 Bridgewater Associates, LP 0.45% of their portfolio Westport, CT 2,681,3792.7m $97.4m $97.4m 0.45% Added +1.9m +1,940,035
17 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 2,438,0162.4m $88.5m $88.5m 0.01% Added +612.9k +612,907
18 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 2,079,3222.1m $75.5m $75.5m 0.04% Added +2.0m +2,001,311
19 Optiver Holding B.V. 1.97% of their portfolio AMSTERDAM, P7 1,676,8941.7m $60.9m $60.9m 1.97% Added +609.9k +609,850
20 Pacer Advisors, Inc. 0.13% of their portfolio Malvern, PA 1,655,6401.7m $60.1m $60.1m 0.13% Reduced -505.5k -505,507
21 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,531,3801.5m $55.6m $55.6m 0.02% First filing
22 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,404,5521.4m $51.0m $51.0m 0.02% Reduced -882.8k -882,760
23 Grantham, Mayo, Van Otterloo & Co. LLC 0.16% of their portfolio Boston, MA 1,369,7511.4m $49.7m $49.7m 0.16% Added +917.3k +917,334
24 ICICI Prudential Asset Management Co Ltd 5.21% of their portfolio MUMBAI, K7 1,304,5291.3m $47.4m $47.4m 5.21% Unchanged
25 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,296,0001.3m $47.1m $47.1m 0.01% Reduced -404.3k -404,316
26 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 1,293,7821.3m $47.0m $47.0m 0.04% Added +39.0k +39,035
27 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,289,0261.3m $46.8m $46.8m 0.01% Reduced -697.7k -697,711
28 Cullen Capital Management, LLC 0.50% of their portfolio New York, NY 1,180,6591.2m $42.9m $42.9m 0.50% Reduced -50.5k -50,517
29 First Eagle Investment Management, LLC 0.08% of their portfolio NEW YORK, NY 967,976968.0k $35.2m $35.2m 0.08% Added +111.0k +111,033
30 UBS Group AG 0.01% of their portfolio ZURICH, V8 917,854917.9k $33.3m $33.3m 0.01% Added +578.8k +578,761
31 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 903,301903.3k $32.8m $32.8m 0.01% Reduced -21.2k -21,177
32 TWO SIGMA ADVISERS, LP 0.07% of their portfolio NEW YORK, NY 877,000877.0k $31.9m $31.9m 0.07% Added +248.7k +248,700
33 ABC ARBITRAGE SA 4.51% of their portfolio PARIS, I0 866,729866.7k $31.5m $31.5m 4.51% First filing
34 TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio NEW YORK, NY 823,753823.8k $29.9m $29.9m 0.07% Reduced -297.0k -297,048
35 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 795,681795.7k $29.5m $29.5m 0.00% Reduced -15.1k -15,097
36 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 739,411739.4k $26.9m $26.9m 0.01% Reduced -383.9k -383,863
37 Connor, Clark & Lunn Investment Management Ltd. 0.12% of their portfolio VANCOUVER, A1 727,115727.1k $26.4m $26.4m 0.12% Added +155.0k +155,038
38 Balyasny Asset Management L.P. 0.06% of their portfolio Chicago, IL 703,121703.1k $25.5m $25.5m 0.06% Added +184.9k +184,867
39 CAPITAL FUND MANAGEMENT S.A. 0.24% of their portfolio PARIS, I0 680,740680.7k $24.7m $24.7m 0.24% Added +254.9k +254,910
40 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 677,998678.0k $24.6m $24.6m 0.01% Reduced -161.0k -161,032
41 Euro Pacific Asset Management, LLC 5.25% of their portfolio DORADO, PR 665,462665.5k $24.3m $24.3m 5.25% Reduced -3.6k -3,639
42 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 648,528648.5k $23.6m $23.6m 0.05% Reduced -37.9k -37,894
43 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 642,756642.8k $23.3m $23.3m 0.04% Added +410.4k +410,449
44 CAUSEWAY CAPITAL MANAGEMENT LLC 0.52% of their portfolio LOS ANGELES, CA 629,912629.9k $22.9m $22.9m 0.52% Reduced -125.0k -124,989
45 CIBC WORLD MARKET INC. 0.05% of their portfolio TORONTO, A6 615,407615.4k $22.4m $22.4m 0.05% Reduced -33.3k -33,307
46 INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 9.71% of their portfolio GREENWOOD VILLAGE, CO 612,517612.5k $22.2m $22.2m 9.71% Reduced -21.2k -21,165
47 TODD ASSET MANAGEMENT LLC 0.51% of their portfolio Louisville, KY 584,642584.6k $21.2m $21.2m 0.51% Added +36.3k +36,280
48 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.07% of their portfolio COLUMBUS, OH 566,224566.2k $20.6m $20.6m 0.07% Reduced -204.2k -204,212
49 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 565,004565.0k $20.5m $20.5m 0.03% Reduced -451.9k -451,853
50 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.15% of their portfolio Stamford, CT 493,451493.5k $17.9m $17.9m 0.15% Added +7.9k +7,875
51 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 474,111474.1k $17.2m $17.2m 0.00% Added +247.0k +247,018
52 KIZE CAPITAL LP 15.18% of their portfolio NEW YORK, NY 465,000465.0k $16.9m $16.9m 15.18% Added +70.0k +70,000
53 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.14% of their portfolio FRANKFORT, KY 433,930433.9k $15.8m $15.8m 0.14% Added +48.0k +48,010
54 Adams Asset Advisors, LLC 1.91% of their portfolio DALLAS, TX 410,516410.5k $14.9m $14.9m 1.91% Added +17.0k +16,992
55 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 399,136399.1k $14.5m $14.5m 0.02% Reduced -180.0k -179,964
56 Dupree Financial Group, LLC 6.46% of their portfolio LEXINGTON, KY 389,326389.3k $14.1m $14.1m 6.46% Added +6.1k +6,113
57 HRT FINANCIAL LP 0.08% of their portfolio NEW YORK, NY 375,586375.6k $13.6m $13.6m 0.08% Added +324.5k +324,542
58 GW HENSSLER & ASSOCIATES LTD 0.77% of their portfolio KENNESAW, GA 368,086368.1k $13.5m $13.5m 0.77% Reduced -4.0k -3,985
59 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio CAUSEWAY BAY, K3 337,799337.8k $12.3m $12.3m 0.03% Added +31.7k +31,722
60 SBI Securities Co., Ltd. 0.36% of their portfolio TOKYO, M0 325,440325.4k $11.8m $11.8m 0.36% First filing
61 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 319,603319.6k $11.6m $11.6m 0.02% Reduced -14.1k -14,111
62 EPACRIA CAPITAL PARTNERS, LLC 9.65% of their portfolio BOULDER, CO 314,531314.5k $11.4m $11.4m 9.65% Unchanged
63 GATEWAY INVESTMENT ADVISERS LLC 0.13% of their portfolio CINCINNATI, OH 312,703312.7k $11.4m $11.4m 0.13% Added +55.1k +55,078
64 U.S. Capital Wealth Advisors, LLC 0.35% of their portfolio AUSTIN, TX 310,728310.7k $11.3m $11.3m 0.35% Reduced -7.8k -7,781
65 Capital International, Inc./CA/ 0.13% of their portfolio Los Angeles, CA 305,678305.7k $11.1m $11.1m 0.13% Added +104.1k +104,062
66 Altrius Capital Management Inc 2.27% of their portfolio NEW BERN, NC 232,313232.3k $8.4m $8.4m 2.27% Reduced -3.4k -3,378
67 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 227,673227.7k $8.3m $8.3m 0.01% Added +61.3k +61,320
68 Savoir Faire Capital Management, L.P. 3.86% of their portfolio NORWALK, CT 223,365223.4k $8.1m $8.1m 3.86% Added +50.8k +50,845
69 Prescott General Partners LLC 0.59% of their portfolio BOCA RATON, FL 220,100220.1k $8.0m $8.0m 0.59% Unchanged
70 AUXIER ASSET MANAGEMENT LLC 1.23% of their portfolio AURORA, OR 217,939217.9k $7.9m $7.9m 1.23% Added +18.3k +18,343
71 OPPENHEIMER ASSET MANAGEMENT INC. 0.09% of their portfolio NEW YORK, NY 208,309208.3k $7.6m $7.6m 0.09% Added +585 +585
72 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 200,984201.0k $7.3m $7.3m 0.01% Reduced -868 -868
73 Foundations Investment Advisors, LLC 0.14% of their portfolio PHOENIX, AZ 198,659198.7k $7.2m $7.2m 0.14% Added +48.9k +48,888
74 QRG CAPITAL MANAGEMENT, INC. 0.07% of their portfolio BERWYN, PA 196,073196.1k $7.1m $7.1m 0.07% Added +17.5k +17,478
75 Pathstone Holdings, LLC 0.03% of their portfolio ENGLEWOOD, NJ 195,524195.5k $7.1m $7.1m 0.03% Reduced -17.5k -17,480
76 MANNING & NAPIER ADVISORS LLC 0.08% of their portfolio Fairport, NY 192,451192.5k $7.0m $7.0m 0.08% Reduced -7.2k -7,190
77 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 189,961190.0k $6.9m $6.9m 0.01% Added +9.9k +9,858
78 TrueMark Investments, LLC 2.16% of their portfolio CHICAGO, IL 186,257186.3k $6.8m $6.8m 2.16% Added +405 +405
79 FINANCIAL COUNSELORS INC 0.10% of their portfolio Overland Park, KS 182,471182.5k $6.6m $6.6m 0.10% Reduced -6.6k -6,593
80 VALICENTI ADVISORY SERVICES INC 1.61% of their portfolio ELMIRA, NY 178,547178.5k $6.5m $6.5m 1.61% Added +4.7k +4,696
81 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 175,381175.4k $6.4m $6.4m 0.01% Reduced -38.1k -38,108
82 RITHOLTZ WEALTH MANAGEMENT 0.19% of their portfolio NEW YORK, NY 174,231174.2k $6.3m $6.3m 0.19% Added +18.4k +18,410
83 Keystone Financial Planning, Inc. 1.95% of their portfolio CLEVELAND, OH 172,842172.8k $6.3m $6.3m 1.95% Reduced -428 -428
84 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 168,827168.8k $6.1m $6.1m 0.01% Added +24.9k +24,911
85 Philip James Wealth Mangement, LLC 0.78% of their portfolio MILTON, GA 165,843165.8k $6.0m $6.0m 0.78% Reduced -484 -484
86 Moran Wealth Management, LLC 0.19% of their portfolio NAPLES, FL 165,543165.5k $6.0m $6.0m 0.19% Reduced -4.8k -4,829
87 HENNESSY ADVISORS INC 0.18% of their portfolio NOVATO, CA 162,900162.9k $5.9m $5.9m 0.18% Reduced -5.9k -5,900
88 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 159,363159.4k $5.8m $5.8m 0.00% Added +27.5k +27,492
89 Kennon-Green & Company, LLC 4.97% of their portfolio NEW ALBANY, OH 158,485158.5k $5.8m $5.8m 4.97% Reduced -725 -725
90 VIKING FUND MANAGEMENT LLC 0.89% of their portfolio MINOT, ND 157,500157.5k $5.7m $5.7m 0.89% Unchanged
91 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 154,234154.2k $5.6m $5.6m 0.02% Reduced -15.9k -15,928
92 Quantinno Capital Management LP 0.05% of their portfolio NEW YORK, NY 152,262152.3k $5.5m $5.5m 0.05% Added +21.0k +21,000
93 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 151,942151.9k $5.5m $5.5m 0.01% Reduced -165.5k -165,529
94 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 151,871151.9k $5.5m $5.5m 0.01% Reduced -2.2m -2,162,509
95 OLD MISSION CAPITAL LLC 0.13% of their portfolio CHICAGO, IL 148,181148.2k $5.4m $5.4m 0.13% Added +134.8k +134,760
96 Mariner, LLC 0.01% of their portfolio Overland Park, KS 147,944147.9k $5.4m $5.4m 0.01% Added +52.8k +52,818
97 Inlet Private Wealth, LLC 1.42% of their portfolio Jupiter, FL 147,478147.5k $5.4m $5.4m 1.42% Added +1.8k +1,800
98 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 145,085145.1k $5.3m $5.3m 0.02% Reduced -28.7k -28,694
99 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 136,585136.6k $5.0m $5.0m 0.00% Added +7.8k +7,785
100 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 136,208136.2k $4.9m $4.9m 0.00% Reduced -8.9k -8,889