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BTI in the 13F filings

British American Tobacco PLC · CUSIP 110448107

Sector · Consumer staples
Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
27
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 9 listed it in both
Shares listed
79,585,243
combined, among listed positions
Reported value
$4.5bn
combined, at the quarter end

Among the 92 comparable managers: 19 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +8,864,591.

Managers listing BTI in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

27 of 27 holders

ActionFiling
Fidelity (FMR LLC)31,095,442$1.8bn0.09%Added+10,675,40017 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors22,333,402$1.3bn0.23%Added+264,51111 Feb 2026 (the filing on sec.gov)
Capital World Investors9,518,567$539m0.07%Added+47,85811 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP2,952,078$167m0.61%Trimmed-790,64213 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP2,366,970$134m0.19%Trimmed-16,97517 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC2,167,126$123munder 0.1%Added+798,49317 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC1,515,996$86m0.11%Added+759,46017 Feb 2026 (the filing on sec.gov)
First Eagle Investment Management LLC1,407,980$80m0.14%Added+123,4304 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP1,282,400$73m0.14%Added+259,00017 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP1,246,575$71m0.06%Added+906,85013 Feb 2026 (the filing on sec.gov)
Millennium Management LLC955,760$54munder 0.1%Trimmed-587,83017 Feb 2026 (the filing on sec.gov)
Invesco Ltd578,458$33munder 0.1%Trimmed-10,25919 Feb 2026 (the filing on sec.gov)
MFS Investment Management565,723$32munder 0.1%Added+171,83122 Jan 2026 (the filing on sec.gov)
D. E. Shaw & Co.310,167$18munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP276,417$16m0.12%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP255,856$14munder 0.1%Trimmed-317,39217 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP211,628$12munder 0.1%Added+4,57917 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC206,746$12munder 0.1%Added+36,53517 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC140,000$7.9munder 0.1%Added+15,00013 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC69,453$3.9munder 0.1%Added+9,15427 Oct 2026 (the filing on sec.gov)
Renaissance Technologies LLC53,099$3.0munder 0.1%Trimmed-274,00012 Feb 2026 (the filing on sec.gov)
Maverick Capital Ltd30,360$1.7munder 0.1%Trimmed-14,55813 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC14,104$799kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP10,740$608kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd7,841$444kunder 0.1%Added+6917 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (5)

Exited (6)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
10 in Q3 2024 to 13 in Q2 2026

Tracked managers listing it, at least.

0510152014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BTI by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20134$1.7bnn.a.n.a.
Q3 20134$1.7bnn.a.n.a.
Q4 20134$2.0bnn.a.n.a.
Q1 20145$2.1bnn.a.n.a.
Q2 20144$2.0bnn.a.n.a.
Q3 20143$1.9bnn.a.n.a.
Q4 20145$1.8bnn.a.n.a.
Q1 20156$1.6bnn.a.n.a.
Q2 20156$1.6bnn.a.n.a.
Q3 20157$1.4bnn.a.n.a.
Q4 20157$1.5bnn.a.n.a.
Q1 20165$1.3bnn.a.n.a.
Q2 20164$1.3bnn.a.n.a.
Q3 20163$1.1bnn.a.n.a.
Q4 20164$1.3bnn.a.n.a.
Q1 20176$2.3bnn.a.n.a.
Q2 20177$2.6bnn.a.n.a.
Q3 201712$4.8bnn.a.n.a.
Q4 201714$4.7bnn.a.n.a.
Q1 201812$4.1bnn.a.n.a.
Q2 201812$3.4bnn.a.n.a.
Q3 201811$3.0bnn.a.n.a.
Q4 201812$2.1bnn.a.n.a.
Q1 201911$2.3bnn.a.n.a.
Q2 20197$1.4bnn.a.n.a.
Q3 20197$1.5bnn.a.n.a.
Q4 20198$1.7bnn.a.n.a.
Q1 20208$1.3bnn.a.n.a.
Q2 20206$1.4bnn.a.n.a.
Q3 20205$920mn.a.n.a.
Q4 20207$1.0bnn.a.n.a.
Q1 20216$629mn.a.n.a.
Q2 20218$527mn.a.n.a.
Q3 20217$375mn.a.n.a.
Q4 20218$535mn.a.n.a.
Q1 20226$592mn.a.n.a.
Q2 20226$622mn.a.n.a.
Q3 20226$467mn.a.n.a.
Q4 202210$824mn.a.n.a.
Q1 20239$820mn.a.n.a.
Q2 20239$762mn.a.n.a.
Q3 20235$616mn.a.n.a.
Q4 20237$707m43
Q1 20246$660m33
Q2 20245$637m32
Q3 202410$1.1bn73
Q4 20247$1.2bn61
Q1 20258$1.4bn62
Q2 20259$2.4bn81
Q3 202512$3.4bn93
Q4 202511$4.2bn1914
Q1 202612$5.4bn227
Q2 202613$5.7bn1815

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

BTI and PM →BTI and KO →BTI and COST →Choose a stock to compare with BTI →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own BTI, latest filings →Back to the 13F Explorer →