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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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
717
Holders Change
+73
Holders Change %
+11.34%
% of All Funds
9.44%
Holding in Top 10
18
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+12.5%
% of All Funds
0.24%
New
135
Increased
308
Reduced
159
Closed
54
Calls
$361M
Puts
$320M
Net Calls
+$40.6M
Net Calls Change
+$107M

Top Buyers

Rank Fund Capital Flow
1
GQG Partners
GQG Partners
Florida
+$624M
2
Federated Hermes
Federated Hermes
Pennsylvania
+$147M
3
Capital Research Global Investors
Capital Research Global Investors
California
+$142M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$140M
5
Two Sigma Investments
Two Sigma Investments
New York
+$138M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$153M
2
Pacer Advisors
Pacer Advisors
Pennsylvania
-$68.3M
3
BlackRock
BlackRock
New York
-$40.2M
4
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
-$25M
5
UBS Group
UBS Group
Switzerland
-$16.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
IHWM
676
Iron Horse Wealth Management
Iowa
$6.2K – – –
GC
677
Garde Capital
Washington
$5.92K – – –
CSC
678
Caldwell Sutter Capital
California
$5.4K – – –
TF
679
Tompkins Financial
New York
$4.73K – – –
PGAM
680
Princeton Global Asset Management
New Jersey
$4.73K +$4.43K +100 New
CTB
681
Country Trust Bank
Illinois
$4.35K +$4.07K +92 New
AIC
682
Archer Investment Corporation
Indiana
$3.79K – – –
BIA
683
Bell Investment Advisors
California
$3.69K – – –
MAS
684
MPWM Advisory Solutions
Georgia
$3.41K – – –
TCM
685
Traub Capital Management
Massachusetts
$3.4K +$3.19K +72 New
BOJHT
686
Bank of Jackson Hole Trust
Wyoming
$3.36K – – –
WPA
687
Wealth Preservation Advisors
Tennessee
$2.98K +$2.79K +63 New
CA
688
Crewe Advisors
Utah
$2.89K +$1.24K +28 +85%
FP
689
Financial Perspectives
Minnesota
$2.89K – – –
TC
690
Tacita Capital
Ontario, Canada
$2.84K – – –
BCMLT
691
Beacon Capital Management LLC (Tennessee)
Tennessee
$2.75K -$1.95K -44 -43%
RAM
692
Riggs Asset Management
Pennsylvania
$2.37K +$2.21K +50 New
SC
693
Stephens Consulting
Michigan
$2.32K +$2.17K +49 New
APW
694
Atlantic Private Wealth
North Carolina
$2.27K +$2.13K +48 New
TFGT
695
TS Financial Group (TSFG)
Illinois
$2K – – –
PWA
696
Principia Wealth Advisory
Texas
$1.94K +$1.82K +41 New
BHWM
697
Beaird Harris Wealth Management
Texas
$1.84K +$1.73K +39 New
PWAM
698
Private Wealth Asset Management
Iowa
$1.75K – – –
SC
699
SouthState Corp
Florida
$1.61K +$1.51K +34 New
FCAS
700
First Command Advisory Services
Texas
$1.42K – – –
26 27
28
29 30

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.