British American Tobacco
BTI
607 hedge funds and large institutions have $12.6B invested in British American Tobacco in 2017 Q4 according to their latest regulatory filings, with 116 funds opening new positions, 170 increasing their positions, 218 reducing their positions, and 101 closing their positions.
15% more first-time investments, than exits
New positions opened: 116 | Existing positions closed: 101
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
2% more funds holding
Funds holding: 596 → 607 (+11)
1% more capital invested
Capital invested by funds: $12.5B → $12.6B (+$104M)
0.52% less ownership
Funds ownership: 8.76% → 8.24% (-0.52%)
22% less repeat investments, than reductions
Existing positions increased: 170 | Existing positions reduced: 218
22% less call options, than puts
Call options by funds: $54.7M | Put options by funds: $70.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Cambiar Investors
Denver,
Colorado
|
+$235M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$104M |
| 3 |
MC
Maverick Capital
Dallas,
Texas
|
+$74.1M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
+$65.1M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$59.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$491M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$430M |
| 3 |
Legal & General Group
London,
United Kingdom
|
-$142M |
| 4 |
D.E. Shaw & Co
New York
|
-$132M |
| 5 |
Barclays
London,
United Kingdom
|
-$92.5M |
BTI Hedge Fund Activity: Q4 2017 in Review
607 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in British American Tobacco (BTI) for Q4 2017, worth a combined $12.6B — up 0.83% from $12.5B a quarter earlier.
Buyers outnumbered sellers: 116 funds opened new BTI positions and 101 closed out — a net gain of 15 holders — while 170 added to existing stakes and 218 trimmed.
The largest buyer was Cambiar Investors, adding an estimated $235M. The largest seller was Goldman Sachs, cutting an estimated $491M.
- 607 institutional investors held British American Tobacco (BTI) as of Q4 2017, up from 596 in Q3 2017.
- Funds reported $12.6B of British American Tobacco stock for Q4 2017, up 0.83% quarter-over-quarter.
- 116 funds opened new British American Tobacco positions in Q4 2017 and 101 closed out, a net change of +15 holders.
- The largest British American Tobacco buyer in Q4 2017 was Cambiar Investors, an estimated $235M added.
- The largest British American Tobacco seller in Q4 2017 was Goldman Sachs, an estimated $491M sold.
Based on aggregated 13F filings for Q4 2017.