Vault-13

BRITISH AMERN TOB PLC BTI

SPONSORED ADR · ADR · CUSIP 110448107 · ISIN US1104481072

647 institutional holders +27 vs Q4 2024
212,198,518212.2m shares reported held*
$8.8bnreported value*
81 new 243 added 209 reduced 50 sold out net bought ≈ $941.1m (+22.8m 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 ($8.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.36. Options: 24 managers hold calls ($207.8m notional), 22 hold puts ($273.9m).

Trends to Q1 2025

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: 620Q1 25: 647647Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022535
Q4 2022586
Q1 2023574
Q2 2023573
Q3 2023554
Q4 2023551
Q1 2024573
Q2 2024564
Q3 2024610
Q4 2024620
Q1 2025647

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 24Q4 24: 273 bought or addedQ4 24: 285 cut or sold outQ1 25: 324 bought or addedQ1 25: 259 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023263283
Q3 2023271231
Q4 2023219313
Q1 2024314231
Q2 2024312242
Q3 2024341235
Q4 2024273285
Q1 2025324259

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ2 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 1.74Q1 25 calls: $207.8mQ1 25 puts: $273.9mQ1 25P/C 1.32
Numbers
QuarterCallsPutsP/C
Q2 2024$149.1m$184.5m1.24
Q3 2024$168.8m$262.2m1.55
Q4 2024$155.0m$269.2m1.74
Q1 2025$207.8m$273.9m1.32

Biggest buyers

Capital International Investors Added +22,477,477+22.5m
GQG Partners LLC Added +3,590,916+3.6m
Capital Research Global Investors Added +2,714,991+2.7m
Orbis Allan Gray Ltd Added +2,040,011+2.0m
Grantham, Mayo, Van Otterloo & Co. LLC Added +1,076,283+1.1m
GOLDMAN SACHS GROUP INC Added +792,941+792.9k
Mondrian Investment Partners LTD Added +774,954+775.0k
Bridgewater Associates, LP Added +552,777+552.8k
McGowan Group Asset Management, Inc. New +546,454+546.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +508,267+508.3k

Biggest sellers

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -2,474,343-2.5m
JPMORGAN CHASE & CO Reduced -2,264,397-2.3m
BANK OF MONTREAL /CAN/ Reduced -2,020,756-2.0m
ICICI Prudential Asset Management Co Ltd Sold out -1,304,529-1.3m
FMR LLC Reduced -1,141,032-1.1m
BlackRock, Inc. Reduced -842,875-842.9k
MORGAN STANLEY Reduced -829,394-829.4k
Optiver Holding B.V. Reduced -785,852-785.9k
Connor, Clark & Lunn Investment Management Ltd. Reduced -651,691-651.7k
Balyasny Asset Management L.P. Reduced -583,079-583.1k

Biggest calls

CITADEL ADVISORS LLC Added $61.8m1.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $27.0m653.7k shares
Optiver Holding B.V. Reduced $24.1m582.2k shares
SIMPLEX TRADING, LLC Added $19.0m458.2k shares
GROUP ONE TRADING LLC Reduced $16.5m397.7k shares
Twin Tree Management, LP Added $12.7m307.7k shares
BARCLAYS PLC New $10.3m250.0k shares
JANE STREET GROUP, LLC Added $7.5m182.4k shares
IMC-Chicago, LLC Added $6.6m159.7k shares
UBS Group AG New $4.3m104.5k shares

Biggest puts

Optiver Holding B.V. Reduced $66.0m1.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $50.3m1.2m shares
CITADEL ADVISORS LLC Added $43.6m1.1m shares
UBS Group AG Added $19.3m467.5k shares
SIMPLEX TRADING, LLC Reduced $17.5m423.2k shares
PEAK6 LLC Added $12.2m295.9k shares
Twin Tree Management, LP Reduced $12.1m292.7k shares
BARCLAYS PLC Added $10.3m250.0k shares
GROUP ONE TRADING LLC Added $8.5m205.9k shares
Squarepoint Ops LLC Reduced $5.4m130.4k 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 2025

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 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital International Investors 0.50% of their portfolio Los Angeles, CA 61,350,48361.4m $2.5bn $2.5bn 0.50% Added +22.5m +22,477,477
2 Capital Research Global Investors 0.16% of their portfolio Los Angeles, CA 18,309,35218.3m $757.4m $757.4m 0.16% Added +2.7m +2,714,991
3 BlackRock, Inc. 0.01% of their portfolio New York, NY 12,777,52112.8m $528.6m $528.6m 0.01% Reduced -842.9k -842,875
4 Orbis Allan Gray Ltd 2.84% of their portfolio HamiltoN, D0 12,021,23112.0m $497.3m $497.3m 2.84% Added +2.0m +2,040,011
5 GQG Partners LLC 0.63% of their portfolio FT. LAUDERDALE, FL 9,598,4659.6m $397.1m $397.1m 0.63% Added +3.6m +3,590,916
6 FMR LLC 0.02% of their portfolio BOSTON, MA 9,091,3709.1m $376.1m $376.1m 0.02% Reduced -1.1m -1,141,032
7 Mondrian Investment Partners LTD 3.86% of their portfolio LONDON, X0 5,461,6195.5m $225.9m $225.9m 3.86% Added +775.0k +774,954
8 CITADEL ADVISORS LLC 0.20% of their portfolio MIAMI, FL 4,865,6224.9m $201.3m $201.3m 0.20% Reduced -489.5k -489,521
9 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,755,5204.8m $196.7m $196.7m 0.01% Reduced -829.4k -829,394
10 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,963,1334.0m $164.0m $164.0m 0.01% Added +434.1k +434,142
11 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 3,759,7793.8m $155.5m $155.5m 0.03% Added +792.9k +792,941
12 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.12% of their portfolio BOSTON, MA 3,619,9013.6m $149.8m $149.8m 0.12% Reduced -2.5m -2,474,343
13 Bridgewater Associates, LP 0.62% of their portfolio Westport, CT 3,234,1563.2m $133.8m $133.8m 0.62% Added +552.8k +552,777
14 NATIXIS ADVISORS, LLC 0.23% of their portfolio Boston, MA 2,994,3033.0m $123.9m $123.9m 0.23% Reduced -16.4k -16,384
15 Newport Trust Company, LLC 0.29% of their portfolio Washington, DC 2,774,4602.8m $114.8m $114.8m 0.29% Added +31.2k +31,205
16 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 2,473,9422.5m $102.3m $102.3m 0.02% Added +35.9k +35,926
17 Grantham, Mayo, Van Otterloo & Co. LLC 0.32% of their portfolio Boston, MA 2,446,0342.4m $101.2m $101.2m 0.32% Added +1.1m +1,076,283
18 Pacer Advisors, Inc. 0.16% of their portfolio Malvern, PA 1,651,0171.7m $68.3m $68.3m 0.16% Reduced -4.6k -4,623
19 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,490,1341.5m $61.6m $61.6m 0.02% Reduced -41.2k -41,246
20 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,462,9411.5m $60.5m $60.5m 0.01% Added +173.9k +173,915
21 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,447,0831.4m $59.9m $59.9m 0.02% Added +42.5k +42,531
22 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,437,9851.4m $59.5m $59.5m 0.01% Added +142.0k +141,985
23 Cullen Capital Management, LLC 0.57% of their portfolio New York, NY 1,199,5821.2m $49.6m $49.6m 0.57% Added +18.9k +18,923
24 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 1,145,8311.1m $47.4m $47.4m 0.04% Reduced -148.0k -147,951
25 TWO SIGMA ADVISERS, LP 0.10% of their portfolio NEW YORK, NY 1,065,2001.1m $44.1m $44.1m 0.10% Added +188.2k +188,200
26 First Eagle Investment Management, LLC 0.09% of their portfolio NEW YORK, NY 1,010,8151.0m $41.8m $41.8m 0.09% Added +42.8k +42,839
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 911,218911.2k $37.7m $37.7m 0.00% Reduced -2.3m -2,264,397
28 Optiver Holding B.V. 1.42% of their portfolio AMSTERDAM, P7 891,042891.0k $36.9m $36.9m 1.42% Reduced -785.9k -785,852
29 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 869,950870.0k $36.0m $36.0m 0.08% Added +46.2k +46,197
30 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 851,220851.2k $35.2m $35.2m 0.01% Reduced -52.1k -52,081
31 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 830,658830.7k $34.4m $34.4m 0.01% Added +91.2k +91,247
32 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 787,002787.0k $33.1m $33.1m 0.00% Reduced -8.7k -8,679
33 UBS Group AG 0.01% of their portfolio ZURICH, V8 743,052743.1k $30.7m $30.7m 0.01% Reduced -174.8k -174,802
34 TODD ASSET MANAGEMENT LLC 0.72% of their portfolio Louisville, KY 741,893741.9k $30.7m $30.7m 0.72% Added +157.3k +157,251
35 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 698,759698.8k $28.9m $28.9m 0.01% Added +20.8k +20,761
36 Euro Pacific Asset Management, LLC 4.99% of their portfolio DORADO, PR 665,519665.5k $27.5m $27.5m 4.99% Added +57 +57
37 CAUSEWAY CAPITAL MANAGEMENT LLC 0.53% of their portfolio LOS ANGELES, CA 608,927608.9k $25.2m $25.2m 0.53% Reduced -21.0k -20,985
38 CIBC WORLD MARKET INC. 0.06% of their portfolio TORONTO, A6 601,899601.9k $24.9m $24.9m 0.06% Reduced -13.5k -13,508
39 INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 10.00% of their portfolio GREENWOOD VILLAGE, CO 590,935590.9k $24.4m $24.4m 10.00% Reduced -21.6k -21,582
40 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 581,006581.0k $24.0m $24.0m 0.05% Reduced -67.5k -67,522
41 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.09% of their portfolio COLUMBUS, OH 566,224566.2k $23.4m $23.4m 0.09% Unchanged
42 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.21% of their portfolio FRANKFORT, KY 555,030555.0k $23.0m $23.0m 0.21% Added +121.1k +121,100
43 McGowan Group Asset Management, Inc. 2.99% of their portfolio DALLAS, TX 546,454546.5k $22.6m $22.6m 2.99% New
44 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 543,952544.0k $22.5m $22.5m 0.03% Reduced -98.8k -98,804
45 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 524,430524.4k $21.7m $21.7m 0.04% Added +508.3k +508,267
46 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.17% of their portfolio Stamford, CT 497,975498.0k $20.6m $20.6m 0.17% Added +4.5k +4,524
47 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 474,327474.3k $19.7m $19.7m 0.01% Added +216 +216
48 ABC ARBITRAGE SA 3.53% of their portfolio PARIS, I0 459,137459.1k $19.0m $19.0m 3.53% Reduced -407.6k -407,592
49 Capital International, Inc./CA/ 0.23% of their portfolio Los Angeles, CA 452,208452.2k $18.7m $18.7m 0.23% Added +146.5k +146,530
50 CAPITAL FUND MANAGEMENT S.A. 0.24% of their portfolio PARIS, I0 450,028450.0k $18.6m $18.6m 0.24% Reduced -230.7k -230,712
51 KIZE CAPITAL LP 15.81% of their portfolio NEW YORK, NY 420,000420.0k $17.4m $17.4m 15.81% Reduced -45.0k -45,000
52 Verition Fund Management LLC 0.10% of their portfolio GREENWICH, CT 405,543405.5k $16.8m $16.8m 0.10% New
53 Point72 Asset Management, L.P. 0.05% of their portfolio STAMFORD, CT 399,476399.5k $16.5m $16.5m 0.05% New
54 Dupree Financial Group, LLC 6.61% of their portfolio LEXINGTON, KY 393,460393.5k $16.3m $16.3m 6.61% Added +4.1k +4,134
55 GW HENSSLER & ASSOCIATES LTD 0.93% of their portfolio KENNESAW, GA 392,889392.9k $16.3m $16.3m 0.93% Added +24.8k +24,803
56 Adams Asset Advisors, LLC 2.19% of their portfolio DALLAS, TX 385,516385.5k $15.9m $15.9m 2.19% Reduced -25.0k -25,000
57 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 327,732327.7k $13.6m $13.6m 0.02% Added +8.1k +8,129
58 SBI Securities Co., Ltd. 0.44% of their portfolio TOKYO, M0 322,294322.3k $13.3m $13.3m 0.44% Reduced -3.1k -3,146
59 EPACRIA CAPITAL PARTNERS, LLC 10.59% of their portfolio BOULDER, CO 314,531314.5k $13.0m $13.0m 10.59% Unchanged
60 U.S. Capital Wealth Advisors, LLC 0.38% of their portfolio AUSTIN, TX 301,614301.6k $12.5m $12.5m 0.38% Reduced -9.1k -9,114
61 TrueMark Investments, LLC 3.09% of their portfolio CHICAGO, IL 285,343285.3k $11.8m $11.8m 3.09% Added +99.1k +99,086
62 HRT FINANCIAL LP 0.08% of their portfolio NEW YORK, NY 263,594263.6k $10.9m $10.9m 0.08% Reduced -112.0k -111,992
63 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 262,322262.3k $10.9m $10.9m 0.01% Added +251.5k +251,471
64 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 256,947256.9k $10.6m $10.6m 0.01% Reduced -142.2k -142,189
65 OPPENHEIMER ASSET MANAGEMENT INC. 0.12% of their portfolio NEW YORK, NY 233,271233.3k $9.7m $9.7m 0.12% Added +25.0k +24,962
66 Altrius Capital Management Inc 2.32% of their portfolio NEW BERN, NC 230,257230.3k $9.5m $9.5m 2.32% Reduced -2.1k -2,056
67 GATEWAY INVESTMENT ADVISERS LLC 0.11% of their portfolio CINCINNATI, OH 229,768229.8k $9.5m $9.5m 0.11% Reduced -82.9k -82,935
68 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 227,301227.3k $9.4m $9.4m 0.01% Reduced -372 -372
69 Prescott General Partners LLC 0.69% of their portfolio BOCA RATON, FL 220,100220.1k $9.1m $9.1m 0.69% Unchanged
70 AUXIER ASSET MANAGEMENT LLC 1.35% of their portfolio AURORA, OR 219,326219.3k $9.1m $9.1m 1.35% Added +1.4k +1,387
71 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 216,783216.8k $9.0m $9.0m 0.01% Added +15.8k +15,799
72 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 209,725209.7k $8.7m $8.7m 0.01% First filing
73 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 200,589200.6k $8.3m $8.3m 0.02% Added +25.2k +25,208
74 Quantinno Capital Management LP 0.05% of their portfolio NEW YORK, NY 196,920196.9k $8.1m $8.1m 0.05% Added +44.7k +44,658
75 Pathstone Holdings, LLC 0.04% of their portfolio ENGLEWOOD, NJ 195,736195.7k $8.1m $8.1m 0.04% Added +212 +212
76 QRG CAPITAL MANAGEMENT, INC. 0.08% of their portfolio BERWYN, PA 194,886194.9k $8.1m $8.1m 0.08% Reduced -1.2k -1,187
77 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 193,292193.3k $8.0m $8.0m 0.00% Added +57.1k +57,084
78 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 188,837188.8k $7.8m $7.8m 0.01% Reduced -1.1k -1,124
79 MANNING & NAPIER ADVISORS LLC 0.10% of their portfolio Fairport, NY 187,168187.2k $7.7m $7.7m 0.10% Reduced -5.3k -5,283
80 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 186,084186.1k $7.7m $7.7m 0.00% Added +26.7k +26,721
81 FIRST SABREPOINT CAPITAL MANAGEMENT LP 3.20% of their portfolio DALLAS, TX 185,000185.0k $7.7m $7.7m 3.20% New
82 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 179,821179.8k $7.4m $7.4m 0.01% Added +11.0k +10,994
83 VALICENTI ADVISORY SERVICES INC 1.88% of their portfolio ELMIRA, NY 176,320176.3k $7.3m $7.3m 1.88% Reduced -2.2k -2,227
84 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 176,263176.3k $7.3m $7.3m 0.01% Added +24.3k +24,321
85 FINANCIAL COUNSELORS INC 0.11% of their portfolio Overland Park, KS 174,298174.3k $7.2m $7.2m 0.11% Reduced -8.2k -8,173
86 Keystone Financial Planning, Inc. 2.13% of their portfolio CLEVELAND, OH 172,744172.7k $7.1m $7.1m 2.13% Reduced -98 -98
87 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 171,499171.5k $7.1m $7.1m 0.01% New
88 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 168,505168.5k $7.0m $7.0m 0.00% Added +31.9k +31,920
89 Philip James Wealth Mangement, LLC 0.84% of their portfolio MILTON, GA 167,368167.4k $6.9m $6.9m 0.84% Added +1.5k +1,525
90 RITHOLTZ WEALTH MANAGEMENT 0.20% of their portfolio NEW YORK, NY 160,527160.5k $6.6m $6.6m 0.20% Reduced -13.7k -13,704
91 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 160,412160.4k $6.6m $6.6m 0.01% Added +8.5k +8,541
92 Moran Wealth Management, LLC 0.22% of their portfolio NAPLES, FL 159,215159.2k $6.6m $6.6m 0.22% Reduced -6.3k -6,328
93 Kennon-Green & Company, LLC 5.32% of their portfolio NEW ALBANY, OH 157,703157.7k $6.5m $6.5m 5.32% Reduced -782 -782
94 VIKING FUND MANAGEMENT LLC 0.94% of their portfolio MINOT, ND 157,500157.5k $6.5m $6.5m 0.94% Unchanged
95 PEAK6 LLC 0.25% of their portfolio AUSTIN, TX 152,903152.9k $6.3m $6.3m 0.25% Added +51.6k +51,649
96 Inlet Private Wealth, LLC 1.58% of their portfolio Jupiter, FL 147,128147.1k $6.1m $6.1m 1.58% Reduced -350 -350
97 Capricorn Fund Managers Ltd 3.21% of their portfolio LONDON, X0 145,000145.0k $6.0m $6.0m 3.21% New
98 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 143,499143.5k $5.9m $5.9m 0.02% Reduced -10.7k -10,735
99 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 141,906141.9k $5.9m $5.9m 0.02% Reduced -3.2k -3,179
100 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.24% of their portfolio BETHESDA, MD 141,000141.0k $5.8m $5.8m 0.24% Added +30.6k +30,600