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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$510M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$443M |
| 3 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$265M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$103M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$85.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$270M |
| 2 |
Two Sigma Advisers
New York
|
-$155M |
| 3 |
Citigroup
New York
|
-$94.3M |
| 4 |
Two Sigma Investments
New York
|
-$87M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$71M |
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.