Ray Dalio
BTI icon

Ray Dalio’s British American Tobacco BTI Stock Holding History

Ray Dalio’s Portfolio BTI Stock Details BTI Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$44.8M Sell
765,848
-2,186,230
-74% -$129M 0.2% 80
2025
Q4 		$167M Sell
2,952,078
-790,642
-21% -$43.1M 0.61% 29
2025
Q3 		$199M Buy
3,742,720
+333,638
+10% +$18.1M 0.78% 26
2025
Q2 		$161M Buy
3,409,082
+174,926
+5% +$7.75M 0.65% 31
2025
Q1 		$134M Buy
3,234,156
+552,777
+21% +$21.7M 0.62% 41
2024
Q4 		$97.4M Buy
2,681,379
+1,940,035
+262% +$70.1M 0.45% 45
2024
Q3 		$27.1M Buy
+741,344
New +$26.5M 0.15% 125

Other funds holding BTI

Capital International Investors
Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
Capital Research Global Investors
Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return
GQG Partners
GQG Partners Ft. Lauderdale, Florida $63.1B AUM 23.07% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
Capital World Investors
Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 1-Year Est. Return
JP Morgan Chase
JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Ray Dalio's BTI Position: Q1 2026 in Review

Ray Dalio reduced its British American Tobacco (BTI) stake by 74% in Q1 2026, selling an estimated $129M and leaving 765,848 shares worth $44.8M. The position accounts for 0.2% of the portfolio, ranked #80.

Ray Dalio first reported a position in BTI in Q3 2024 and has held it in 7 quarters since. The position peaked at $199M in Q3 2025. 868 funds tracked by Wall St. Rank hold BTI as of Q1 2026.

  • Ray Dalio held 765,848 shares of British American Tobacco worth $44.8M as of Q1 2026.
  • Ray Dalio sold 2,186,230 British American Tobacco shares in Q1 2026, an estimated $129M.
  • British American Tobacco made up 0.2% of Ray Dalio's portfolio in Q1 2026, its #80 holding.
  • Ray Dalio first reported a position in British American Tobacco in Q3 2024 and has held it in 7 quarters since.
  • Ray Dalio's British American Tobacco position peaked at $199M in Q3 2025.
  • 868 funds tracked by Wall St. Rank held British American Tobacco as of Q1 2026.

Based on Bridgewater Associates's 13F filing for Q1 2026, filed 15 May 2026.