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British American Tobacco
BTI

769 hedge funds and large institutions have $14.8B invested in British American Tobacco in 2025 Q3 according to their latest regulatory filings, with 127 funds opening new positions, 285 increasing their positions, 245 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

98% more first-time investments, than exits

New positions opened: 127 | Existing positions closed: 64

41% more call options, than puts

Call options by funds: $613M | Put options by funds: $435M

21% more capital invested

Capital invested by funds: $12.3B → $14.8B (+$2.53B)

16% more repeat investments, than reductions

Existing positions increased: 285 | Existing positions reduced: 245

7% more funds holding

Funds holding: 717 → 769 (+52)

6% more funds holding in top 10

Funds holding in top 10: 18 → 19 (+1)

0.94% more ownership

Funds ownership: 11.8% → 12.74% (+0.94%)

Holders
769
Holders Change
+52
Holders Change %
+7.25%
% of All Funds
10.09%
Holding in Top 10
19
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5.56%
% of All Funds
0.25%
New
127
Increased
285
Reduced
245
Closed
64
Calls
$613M
Puts
$435M
Net Calls
+$178M
Net Calls Change
+$138M

Top Buyers

Rank Fund Capital Flow
1
Capital World Investors
Capital World Investors
California
+$510M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$443M
3
GQG Partners
GQG Partners
Florida
+$265M
4
Capital International Investors
Capital International Investors
California
+$103M
5
Bank of America
Bank of America
North Carolina
+$85.7M

Top Sellers

Rank Fund Capital Flow
1
OAG
Orbis Allan Gray
Bermuda
-$270M
2
Two Sigma Advisers
Two Sigma Advisers
New York
-$155M
3
Citigroup
Citigroup
New York
-$94.3M
4
Two Sigma Investments
Two Sigma Investments
New York
-$87M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$71M
Name Holding Trade Value Shares
Change 		Change in
Stake
YP
726
YANKCOM Partnership
South Dakota
$4.51K -$589K -10,854 -99%
JWM
727
JPL Wealth Management
Colorado
$4.46K +$4.56K +84 New
AIC
728
Archer Investment Corporation
Indiana
$4.25K – – –
MAS
729
MPWM Advisory Solutions
Georgia
$3.82K – – –
BOJHT
730
Bank of Jackson Hole Trust
Wyoming
$3.77K – – –
FP
731
Financial Perspectives
Minnesota
$3.24K – – –
WPA
732
Wealth Preservation Advisors
Tennessee
$3.19K -$163 -3 -5%
TC
733
Tacita Capital
Ontario, Canada
$3.19K – – –
HDIM
734
Hanson & Doremus Investment Management
Vermont
$3K +$3.15K +58 New
DF
735
DecisionPoint Financial
Arizona
$2.93K +$3.04K +56 New
MA
736
Montag & Associates
Georgia
$2.92K +$2.99K +55 New
TCOV
737
Trust Company of Vermont
Vermont
$2.87K -$80.2K -1,478 -96%
BHWM
738
Beaird Harris Wealth Management
Texas
$2.86K +$814 +15 +38%
KPP
739
Kings Path Partners
Texas
$2.65K +$2.71K +50 New
APW
740
Atlantic Private Wealth
North Carolina
$2.55K – – –
SHIM
741
Stone House Investment Management
Pennsylvania
$2.44K +$2.5K +46 New
ETS
742
ESL Trust Services
New York
$2.23K +$2.28K +42 New
HWM
743
Hemington Wealth Management
Virginia
$2K +$2.55K +47 New
PWAM
744
Private Wealth Asset Management
Iowa
$1.96K – – –
ACA
745
American Capital Advisory
Idaho
$1.59K +$1.63K +30 New
FCAS
746
First Command Advisory Services
Texas
$1.59K – – –
DJSG
747
D.J. St. Germain
Massachusetts
$1.54K -$13.4K -246 -89%
AAG
748
Armstrong Advisory Group
Massachusetts
$1.49K – – –
NEWAS
749
N.E.W. Advisory Services
Wisconsin
$1.38K – – –
LC
750
Luminist Capital
Michigan
$1.31K – – –
28 29
30
31 32

BTI Hedge Fund Activity: Q3 2025 in Review

769 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in British American Tobacco (BTI) for Q3 2025, worth a combined $14.8B — up 21% from $12.3B a quarter earlier.

Buyers outnumbered sellers: 127 funds opened new BTI positions and 64 closed out — a net gain of 63 holders — while 285 added to existing stakes and 245 trimmed.

The largest buyer was Capital World Investors, adding an estimated $510M. The largest seller was Orbis Allan Gray, cutting an estimated $270M.

  • 769 institutional investors held British American Tobacco (BTI) as of Q3 2025, up from 717 in Q2 2025.
  • Funds reported $14.8B of British American Tobacco stock for Q3 2025, up 21% quarter-over-quarter.
  • 127 funds opened new British American Tobacco positions in Q3 2025 and 64 closed out, a net change of +63 holders.
  • The largest British American Tobacco buyer in Q3 2025 was Capital World Investors, an estimated $510M added.
  • The largest British American Tobacco seller in Q3 2025 was Orbis Allan Gray, an estimated $270M sold.

Based on aggregated 13F filings for Q3 2025.