Vault-13

BRITISH AMERN TOB PLC BTI

SPONSORED ADR · ADR · CUSIP 110448107 · ISIN US1104481072

906 institutional holders +36 vs Q1 2026
328,664,636328.7m shares reported held*
$20.3bnreported value*
96 new 382 added 265 reduced 56 sold out net bought ≈ $656.3m (+10.6m 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 ($47.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $61.81. Options: 24 managers hold calls ($344.2m notional), 21 hold puts ($203.3m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 535Q4 22: 586Q1 23: 574Q2 23: 573Q3 23: 554Q4 23: 551Q1 24: 573Q2 24: 564Q3 24: 610Q4 24: 620Q1 25: 647Q2 25: 720Q3 25: 773Q4 25: 825Q1 26: 870Q2 26: 906906Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022535
Q4 2022586
Q1 2023574
Q2 2023573
Q3 2023554
Q4 2023551
Q1 2024573
Q2 2024564
Q3 2024610
Q4 2024620
Q1 2025647
Q2 2025720
Q3 2025773
Q4 2025825
Q1 2026870
Q2 2026906

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q3 24: 341 bought or addedQ3 24: 235 cut or sold outQ4 24: 273 bought or addedQ4 24: 285 cut or sold outQ4 24Q1 25: 324 bought or addedQ1 25: 259 cut or sold outQ2 25: 432 bought or addedQ2 25: 212 cut or sold outQ2 25Q3 25: 406 bought or addedQ3 25: 305 cut or sold outQ4 25: 412 bought or addedQ4 25: 313 cut or sold outQ4 25Q1 26: 499 bought or addedQ1 26: 278 cut or sold outQ2 26: 478 bought or addedQ2 26: 321 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024341235
Q4 2024273285
Q1 2025324259
Q2 2025432212
Q3 2025406305
Q4 2025412313
Q1 2026499278
Q2 2026478321

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ3 25 calls: $616.1mQ3 25 puts: $442.4mQ3 25P/C 0.72Q4 25 calls: $287.2mQ4 25 puts: $420.8mQ4 25P/C 1.47Q1 26 calls: $277.3mQ1 26 puts: $201.1mQ1 26P/C 0.73Q2 26 calls: $344.2mQ2 26 puts: $203.3mQ2 26P/C 0.59
Numbers
QuarterCallsPutsP/C
Q3 2025$616.1m$442.4m0.72
Q4 2025$287.2m$420.8m1.47
Q1 2026$277.3m$201.1m0.73
Q2 2026$344.2m$203.3m0.59

Biggest buyers

FMR LLC Added +7,470,096+7.5m
MORGAN STANLEY Added +2,508,031+2.5m
First Eagle Investment Management, LLC Added +1,769,182+1.8m
CITIGROUP INC Added +1,427,017+1.4m
BlackRock, Inc. Added +1,014,670+1.0m
Cullen Capital Management, LLC Added +831,958+832.0k
BANK OF AMERICA CORP /DE/ Added +798,137+798.1k
Bahl & Gaynor LLC Added +744,794+744.8k
NewEdge Advisors, LLC Added +655,908+655.9k
D. E. Shaw & Co., Inc. Added +635,902+635.9k

Biggest sellers

GQG Partners LLC Reduced -3,116,626-3.1m
TWO SIGMA INVESTMENTS, LP Reduced -3,024,614-3.0m
Contrarius Group Holdings Ltd Reduced -2,616,920-2.6m
FEDERATED HERMES, INC. Reduced -678,303-678.3k
Capital Research Global Investors Reduced -632,056-632.1k
RENAISSANCE TECHNOLOGIES LLC Reduced -570,300-570.3k
CAPITAL FUND MANAGEMENT S.A. Reduced -516,559-516.6k
SEI INVESTMENTS CO Reduced -431,155-431.2k
JPMORGAN CHASE & CO Reduced -425,025-425.0k
Point72 Asset Management, L.P. Sold out -414,217-414.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $89.1m1.4m shares
GROUP ONE TRADING LLC Added $39.3m636.6k shares
CITADEL ADVISORS LLC Added $33.5m542.1k shares
JANE STREET GROUP, LLC Added $28.4m460.2k shares
IMC-Chicago, LLC Reduced $23.1m373.4k shares
Optiver Holding B.V. Added $22.4m362.3k shares
Atika Capital Management LLC New $20.4m3.3k shares
SIMPLEX TRADING, LLC Added $17.7m287.2k shares
D. E. Shaw & Co., Inc. Reduced $17.2m278.1k shares
PEAK6 LLC Added $14.7m238.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $63.5m1.0m shares
Optiver Holding B.V. Added $48.0m777.6k shares
CITADEL ADVISORS LLC Added $19.6m317.5k shares
Twin Tree Management, LP Added $12.5m202.4k shares
JANE STREET GROUP, LLC Added $11.9m192.5k shares
SIMPLEX TRADING, LLC Reduced $11.6m187.3k shares
IMC-Chicago, LLC Added $7.0m113.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $5.1m83.2k shares
GROUP ONE TRADING LLC Added $5.0m80.3k shares
PEAK6 LLC Reduced $4.1m66.8k 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 since 1 Apr 2026

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 since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital International Investors 0.63% of their portfolio Los Angeles, CA 49,134,40149.1m $3.0bn $3.0bn 0.63% Added +318.8k +318,831
2 FMR LLC 0.12% of their portfolio BOSTON, MA 44,158,31544.2m $2.7bn $2.7bn 0.12% Added +7.5m +7,470,096
3 Capital Research Global Investors 0.26% of their portfolio Los Angeles, CA 30,330,84530.3m $1.9bn $1.9bn 0.26% Reduced -632.1k -632,056
4 GQG Partners LLC 2.82% of their portfolio FT. LAUDERDALE, FL 24,566,70824.6m $1.5bn $1.5bn 2.82% Reduced -3.1m -3,116,626
5 BlackRock, Inc. 0.02% of their portfolio New York, NY 20,161,36620.2m $1.2bn $1.2bn 0.02% Added +1.0m +1,014,670
6 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 10,534,98010.5m $650.6m $650.6m 0.04% Added +798.1k +798,137
7 Capital World Investors 0.07% of their portfolio LOS ANGELES, CA 9,737,9929.7m $601.7m $601.7m 0.07% Added +49.7k +49,687
8 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 7,707,0527.7m $476.0m $476.0m 0.03% Added +2.5m +2,508,031
9 Orbis Allan Gray Ltd 1.57% of their portfolio HamiltoN, D0 7,385,3747.4m $456.1m $456.1m 1.57% Reduced -320.6k -320,594
10 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 5,390,9555.4m $338.2m $338.2m 0.02% Reduced -425.0k -425,025
11 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 4,874,4374.9m $301.0m $301.0m 0.05% Added +225.0k +224,986
12 NATIXIS ADVISORS, LLC 0.31% of their portfolio Boston, MA 4,475,7444.5m $276.4m $276.4m 0.31% Added +329.9k +329,940
13 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 4,383,7704.4m $270.7m $270.7m 0.06% Added +251.9k +251,859
14 JONES FINANCIAL COMPANIES LLLP 0.11% of their portfolio DES PERES, MO 4,313,5034.3m $270.7m $270.7m 0.11% Added +426.7k +426,682
15 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 4,167,5374.2m $257.4m $257.4m 0.03% Added +330.4k +330,439
16 RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio ST. PETERSBURG, FL 3,896,4143.9m $240.6m $240.6m 0.07% Added +105.1k +105,139
17 Mondrian Investment Partners LTD 3.51% of their portfolio LONDON, X0 3,682,9563.7m $227.5m $227.5m 3.51% Reduced -26.0k -26,007
18 First Eagle Investment Management, LLC 0.18% of their portfolio NEW YORK, NY 3,437,7043.4m $212.3m $212.3m 0.18% Added +1.8m +1,769,182
19 MARSHALL WACE, LLP 0.17% of their portfolio LONDON, X0 3,270,8863.3m $202.0m $202.0m 0.17% Reduced -37.1k -37,110
20 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 3,069,6913.1m $189.6m $189.6m 0.11% Reduced -69.3k -69,341
21 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 3,045,9933.0m $188.1m $188.1m 0.02% Added +193.1k +193,123
22 FEDERATED HERMES, INC. 0.27% of their portfolio PITTSBURGH, PA 3,019,4523.0m $186.5m $186.5m 0.27% Reduced -678.3k -678,303
23 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 2,536,9672.5m $156.7m $156.7m 0.04% Added +147.1k +147,142
24 Newport Trust Company, LLC 0.37% of their portfolio Washington, DC 2,484,9022.5m $153.5m $153.5m 0.37% Reduced -48.1k -48,136
25 Connor, Clark & Lunn Investment Management Ltd. 0.28% of their portfolio VANCOUVER, A1 2,414,2932.4m $149.1m $149.1m 0.28% Added +620.8k +620,778
26 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,366,0422.4m $146.1m $146.1m 0.02% Reduced -47.5k -47,509
27 WCM INVESTMENT MANAGEMENT, LLC 0.26% of their portfolio LAGUNA BEACH, CA 2,329,4212.3m $146.1m $146.1m 0.26% Reduced -33.4k -33,397
28 Cullen Capital Management, LLC 1.32% of their portfolio New York, NY 2,175,6362.2m $134.4m $134.4m 1.32% Added +832.0k +831,958
29 Maple Rock Capital Partners Inc. 2.62% of their portfolio Toronto, A6 2,166,0002.2m $133.8m $133.8m 2.62% Added +576.9k +576,900
30 Empyrean Capital Partners, LP 4.18% of their portfolio LOS ANGELES, CA 1,925,0001.9m $118.9m $118.9m 4.18% Unchanged
31 Capital International, Inc./CA/ 0.68% of their portfolio Los Angeles, CA 1,578,3751.6m $97.5m $97.5m 0.68% Reduced -27.5k -27,471
32 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 1,554,5251.6m $96.0m $96.0m 0.04% Added +1.4m +1,427,017
33 Bahl & Gaynor LLC 0.40% of their portfolio CINCINNATI, OH 1,408,2611.4m $87.0m $87.0m 0.40% Added +744.8k +744,794
34 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 1,199,5541.2m $74.1m $74.1m 0.06% Reduced -3.0m -3,024,614
35 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 1,075,2851.1m $66.4m $66.4m 0.04% Added +635.9k +635,902
36 Madison Avenue Partners, LP 2.77% of their portfolio NEW YORK, NY 1,043,3021.0m $64.4m $64.4m 2.77% Reduced -80.5k -80,465
37 Callodine Capital Management, LP 4.10% of their portfolio BOSTON, MA 1,008,6091.0m $62.3m $62.3m 4.10% Reduced -68.9k -68,882
38 Qube Research & Technologies Ltd 0.06% of their portfolio LONDON, X0 923,379923.4k $57.0m $57.0m 0.06% Added +83.8k +83,751
39 Prescott General Partners LLC 2.90% of their portfolio BOCA RATON, FL 920,100920.1k $56.8m $56.8m 2.90% Unchanged
40 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 874,870874.9k $54.0m $54.0m 0.04% Reduced -7.9k -7,884
41 SEI INVESTMENTS CO 0.05% of their portfolio OAKS, PA 872,491872.5k $53.9m $53.9m 0.05% Reduced -431.2k -431,155
42 UBS Group AG 0.01% of their portfolio ZURICH, V8 817,441817.4k $50.5m $50.5m 0.01% Reduced -181.7k -181,717
43 TODD ASSET MANAGEMENT LLC 0.89% of their portfolio Louisville, KY 815,141815.1k $50.3m $50.3m 0.89% Added +10.5k +10,458
44 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio Boston, MA 772,733772.7k $47.7m $47.7m 0.02% Added +87.9k +87,875
45 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 753,029753.0k $46.5m $46.5m 0.01% Reduced -9.8k -9,756
46 NewEdge Advisors, LLC 0.14% of their portfolio NEW ORLEANS, LA 748,245748.2k $46.2m $46.2m 0.14% Added +655.9k +655,908
47 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 747,848747.8k $46.2m $46.2m 0.03% Reduced -35.3k -35,317
48 ABC ARBITRAGE SA 4.88% of their portfolio PARIS, I0 731,156731.2k $45.2m $45.2m 4.88% Added +340.4k +340,428
49 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 695,760695.8k $43.0m $43.0m 0.00% Reduced -44.9k -44,921
50 ASSETMARK, INC 0.07% of their portfolio CONCORD, CA 667,907667.9k $41.2m $41.2m 0.07% Added +27.8k +27,801
51 Euro Pacific Asset Management, LLC 4.51% of their portfolio DORADO, PR 649,046649.0k $39.7m $39.7m 4.51% Reduced -4.4k -4,356
52 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.25% of their portfolio FRANKFORT, KY 589,730589.7k $36.4m $36.4m 0.25% Unchanged
53 Capital Wealth Planning, LLC 0.18% of their portfolio NAPLES, FL 581,209581.2k $35.9m $35.9m 0.18% Added +175.4k +175,412
54 CRAWFORD INVESTMENT COUNSEL INC 0.59% of their portfolio ATLANTA, GA 573,253573.3k $35.4m $35.4m 0.59% Added +41.8k +41,801
55 McGowan Group Asset Management, Inc. 4.17% of their portfolio DALLAS, TX 555,566555.6k $34.3m $34.3m 4.17% Reduced -5.9k -5,900
56 CAUSEWAY CAPITAL MANAGEMENT LLC 0.37% of their portfolio LOS ANGELES, CA 547,925547.9k $33.8m $33.8m 0.37% Added +47.1k +47,061
57 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 523,032523.0k $32.4m $32.4m 0.02% Added +113.4k +113,426
58 Bridgewater Associates, LP 0.13% of their portfolio Westport, CT 506,686506.7k $31.3m $31.3m 0.13% Reduced -259.2k -259,162
59 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 501,006501.0k $30.9m $30.9m 0.00% Added +2.3k +2,280
60 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 486,360486.4k $30.0m $30.0m 0.04% Added +6.3k +6,253
61 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.14% of their portfolio Stamford, CT 484,080484.1k $29.9m $29.9m 0.14% Reduced -9.7k -9,690
62 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 470,822470.8k $29.1m $29.1m 0.03% Added +21.9k +21,885
63 Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio Boston, MA 463,380463.4k $28.6m $28.6m 0.06% Reduced -303.3k -303,303
64 Freestone Grove Partners LP 0.19% of their portfolio San Francisco, CA 458,286458.3k $28.3m $28.3m 0.19% Added +458.3k +458,282
65 Quantinno Capital Management LP 0.03% of their portfolio NEW YORK, NY 443,713443.7k $27.4m $27.4m 0.03% Added +45.3k +45,316
66 Capricorn Fund Managers Ltd 2.15% of their portfolio LONDON, X0 435,252435.3k $26.9m $26.9m 2.15% Added +288.3k +288,252
67 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 397,599397.6k $24.6m $24.6m 0.01% Reduced -112.6k -112,611
68 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 389,042389.0k $24.0m $24.0m 0.00% Added +36.8k +36,828
69 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 381,707381.7k $23.6m $23.6m 0.02% Reduced -10.6k -10,637
70 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 372,316372.3k $23.0m $23.0m 0.01% Added +367.5k +367,500
71 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 356,969357.0k $22.0m $22.0m 0.01% Added +183.4k +183,384
72 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 345,804345.8k $21.4m $21.4m 0.00% Added +25.0k +24,991
73 Arax Advisory Partners 0.14% of their portfolio NEW YORK, NY 343,275343.3k $21.2m $21.2m 0.14% Added +326.9k +326,916
74 Adams Asset Advisors, LLC 2.40% of their portfolio DALLAS, TX 343,016343.0k $21.2m $21.2m 2.40% Unchanged
75 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.82% of their portfolio BETHESDA, MD 335,300335.3k $20.7m $20.7m 0.82% Reduced -77.9k -77,900
76 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 329,156329.2k $20.3m $20.3m 0.01% Reduced -65.8k -65,777
77 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 307,311307.3k $19.0m $19.0m 0.00% Added +79.1k +79,084
78 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 307,010307.0k $19.0m $19.0m 0.02% Added +34.3k +34,343
79 OPPENHEIMER ASSET MANAGEMENT INC. 0.19% of their portfolio NEW YORK, NY 303,064303.1k $18.7m $18.7m 0.19% Added +92.4k +92,423
80 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 293,448293.4k $18.1m $18.1m 0.04% Added +43.9k +43,887
81 EPACRIA CAPITAL PARTNERS, LLC 13.84% of their portfolio BOULDER, CO 290,381290.4k $17.9m $17.9m 13.84% Unchanged
82 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 284,021284.0k $17.5m $17.5m 0.01% Added +8.0k +7,969
83 Modern Wealth Management, LLC 0.21% of their portfolio KANSAS CITY, MO 280,967281.0k $17.4m $17.4m 0.21% Reduced -2.9k -2,909
84 INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 4.28% of their portfolio GREENWOOD VILLAGE, CO 272,457272.5k $16.8m $16.8m 4.28% Reduced -177.7k -177,676
85 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 268,390268.4k $16.6m $16.6m 0.02% Added +140.6k +140,641
86 GW HENSSLER & ASSOCIATES LTD 0.73% of their portfolio KENNESAW, GA 266,580266.6k $16.5m $16.5m 0.73% Added +290 +290
87 SBI Securities Co., Ltd. 0.37% of their portfolio TOKYO, M0 260,921260.9k $16.1m $16.1m 0.37% Reduced -11.3k -11,254
88 TrueMark Investments, LLC 2.00% of their portfolio CHICAGO, IL 258,128258.1k $15.9m $15.9m 2.00% Added +33.3k +33,332
89 OPAL CAPITAL LLC 2.85% of their portfolio BOCA RATON, FL 258,128258.1k $15.9m $15.9m 2.85% Added +33.3k +33,332
90 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 256,655256.7k $15.9m $15.9m 0.01% Reduced -2.5k -2,512
91 Night Squared LP 1.69% of their portfolio New York, NY 255,301255.3k $15.8m $15.8m 1.69% New
92 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 252,627252.6k $15.6m $15.6m 0.02% Reduced -28.9k -28,890
93 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 237,656237.7k $14.7m $14.7m 0.02% Reduced -72.0k -71,956
94 Tower Research Capital LLC (TRC) 0.35% of their portfolio NEW YORK, NY 230,620230.6k $14.2m $14.2m 0.35% Added +200.8k +200,787
95 VIKING FUND MANAGEMENT LLC 1.27% of their portfolio MINOT, ND 230,000230.0k $14.2m $14.2m 1.27% Added +20.0k +20,000
96 QRG CAPITAL MANAGEMENT, INC. 0.11% of their portfolio BERWYN, PA 224,848224.8k $13.9m $13.9m 0.11% Added +22.6k +22,587
97 FACTORY MUTUAL INSURANCE CO 0.13% of their portfolio WALTHAM, MA 224,795224.8k $13.9m $13.9m 0.13% Added +47.0k +46,956
98 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 222,941222.9k $13.8m $13.8m 0.03% Added +152.6k +152,635
99 AUXIER ASSET MANAGEMENT LLC 1.83% of their portfolio AURORA, OR 220,447220.4k $13.6m $13.6m 1.83% Reduced -297 -297
100 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 219,957220.0k $13.6m $13.6m 0.00% Added +192.6k +192,558