British American Tobacco
BTI
717 hedge funds and large institutions have $12.3B invested in British American Tobacco in 2025 Q2 according to their latest regulatory filings, with 135 funds opening new positions, 308 increasing their positions, 159 reducing their positions, and 54 closing their positions.
150% more first-time investments, than exits
New positions opened: 135 | Existing positions closed: 54
94% more repeat investments, than reductions
Existing positions increased: 308 | Existing positions reduced: 159
40% more capital invested
Capital invested by funds: $8.78B → $12.3B (+$3.49B)
13% more call options, than puts
Call options by funds: $361M | Put options by funds: $320M
13% more funds holding in top 10
Funds holding in top 10: 16 → 18 (+2)
11% more funds holding
Funds holding: 644 → 717 (+73)
2.16% more ownership
Funds ownership: 9.64% → 11.8% (+2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$624M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$147M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$142M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$140M |
| 5 |
Two Sigma Investments
New York
|
+$138M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$153M |
| 2 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$68.3M |
| 3 |
BlackRock
New York
|
-$40.2M |
| 4 |
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
|
-$25M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$16.9M |
BTI Hedge Fund Activity: Q2 2025 in Review
717 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in British American Tobacco (BTI) for Q2 2025, worth a combined $12.3B — up 40% from $8.78B a quarter earlier.
Buyers outnumbered sellers: 135 funds opened new BTI positions and 54 closed out — a net gain of 81 holders — while 308 added to existing stakes and 159 trimmed.
The largest buyer was GQG Partners, adding an estimated $624M. The largest seller was Citadel Advisors, cutting an estimated $153M.
- 717 institutional investors held British American Tobacco (BTI) as of Q2 2025, up from 644 in Q1 2025.
- Funds reported $12.3B of British American Tobacco stock for Q2 2025, up 40% quarter-over-quarter.
- 135 funds opened new British American Tobacco positions in Q2 2025 and 54 closed out, a net change of +81 holders.
- The largest British American Tobacco buyer in Q2 2025 was GQG Partners, an estimated $624M added.
- The largest British American Tobacco seller in Q2 2025 was Citadel Advisors, an estimated $153M sold.
Based on aggregated 13F filings for Q2 2025.