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British American Tobacco

577 hedge funds and large institutions have $10.7B invested in British American Tobacco in 2018 Q1 according to their latest regulatory filings, with 58 funds opening new positions, 173 increasing their positions, 241 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more call options, than puts

Call options by funds: $28.6M | Put options by funds: $16.6M

0.13% less ownership

Funds ownership: 8.24%8.1% (-0.13%)

5% less funds holding

Funds holding: 607577 (-30)

15% less capital invested

Capital invested by funds: $12.6B → $10.7B (-$1.93B)

28% less repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 241

30% less first-time investments, than exits

New positions opened: 58 | Existing positions closed: 83

31% less funds holding in top 10

Funds holding in top 10: 139 (-4)

Holders
577
Holders Change
-30
Holders Change %
-4.94%
% of All Funds
13.22%
Holding in Top 10
9
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-30.77%
% of All Funds
0.21%
New
58
Increased
173
Reduced
241
Closed
83
Calls
$28.6M
Puts
$16.6M
Net Calls
+$12M
Net Calls Change
+$27.7M
Name Holding Trade Value Shares
Change
Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$78.1M +$36.3M +577,863 +74%
PPA
27
Parametric Portfolio Associates
Washington
$77.4M -$9.37M -149,032 -10%
MC
28
Maverick Capital
Texas
$77.2M +$12.7M +201,708 +18%
SCCM
29
Schafer Cullen Capital Management
New York
$76.4M +$703K +11,173 +0.9%
Millennium Management
30
Millennium Management
New York
$67.8M -$51.6M -819,947 -41%
MNG
31
Manning & Napier Group
New York
$63.8M +$16.4M +260,435 +31%
VAM
32
Vontobel Asset Management
New York
$62.5M -$12.5M -198,296 -15%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$56.7M -$1.75M -27,882 -3%
HCM
34
Hamlin Capital Management
New York
$54.2M +$59.1M +940,033 New
First Manhattan
35
First Manhattan
New York
$51.3M +$18.1M +287,120 +48%
AC
36
Asturias Capital
New York
$44.9M +$22.1M +350,978 +82%
Dimensional Fund Advisors
37
Dimensional Fund Advisors
Texas
$44.9M +$5.66M +89,947 +13%
CCM
38
Causeway Capital Management
California
$43.8M +$11M +175,246 +30%
ClearBridge Investments
39
ClearBridge Investments
New York
$43.4M +$8.09M +128,720 +21%
USAA
40
United Services Automobile Association
Texas
$42M +$2.76M +43,954 +6%
Canada Pension Plan Investment Board
41
Canada Pension Plan Investment Board
Ontario, Canada
$38.4M +$24.1M +384,016 +137%
Legal & General Group
42
Legal & General Group
United Kingdom
$35.8M -$5.99M -95,273 -13%
PAMP
43
Polar Asset Management Partners
Ontario, Canada
$34.1M +$9.48M +150,700 +34%
AAMU
44
AEGON Asset Management (UK)
United Kingdom
$33.6M +$4.23M +67,309 +13%
UBS AM
45
UBS AM
Illinois
$32.8M +$1.04M +16,506 +3%
APG Asset Management
46
APG Asset Management
Netherlands
$31.5M
AG
47
Aperio Group
California
$30.5M -$1.02M -16,261 -3%
Marshall Wace
48
Marshall Wace
United Kingdom
$29.8M -$25.2M -401,234 -44%
PAMU
49
Pictet Asset Management (UK)
United Kingdom
$29M +$2.4M +38,228 +8%
D.E. Shaw & Co
50
D.E. Shaw & Co
New York
$28.9M +$15.1M +240,109 +92%

BTI Hedge Fund Activity: Q1 2018 in Review

577 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in British American Tobacco (BTI) for Q1 2018, worth a combined $10.7B — down 15% from $12.6B a quarter earlier.

Sellers outnumbered buyers: 83 funds closed out of BTI and 58 opened new positions — a net loss of 25 holders — while 241 trimmed existing stakes and 173 added.

The largest buyer was Fidelity Investments, adding an estimated $167M. The largest seller was Goldman Sachs, cutting an estimated $154M.

  • 577 institutional investors held British American Tobacco (BTI) as of Q1 2018, down from 607 in Q4 2017.
  • Funds reported $10.7B of British American Tobacco stock for Q1 2018, down 15% quarter-over-quarter.
  • 58 funds opened new British American Tobacco positions in Q1 2018 and 83 closed out, a net change of -25 holders.
  • The largest British American Tobacco buyer in Q1 2018 was Fidelity Investments, an estimated $167M added.
  • The largest British American Tobacco seller in Q1 2018 was Goldman Sachs, an estimated $154M sold.

Based on aggregated 13F filings for Q1 2018.