British American Tobacco
BTI
441 hedge funds and large institutions have $4.17B invested in British American Tobacco in 2019 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 166 increasing their positions, 145 reducing their positions, and 85 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 145
0.47% less ownership
Funds ownership: 5.67% → 5.2% (-0.47%)
9% less funds holding
Funds holding: 485 → 441 (-44)
20% less call options, than puts
Call options by funds: $27M | Put options by funds: $34M
23% less capital invested
Capital invested by funds: $5.44B → $4.17B (-$1.27B)
45% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 85
83% less funds holding in top 10
Funds holding in top 10: 6 → 1 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$134M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$24.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$19.6M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$19.1M |
| 5 |
JP Morgan Chase
New York
|
+$16.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$337M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$109M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$52.7M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$22M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
-$18M |
BTI Hedge Fund Activity: Q2 2019 in Review
441 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in British American Tobacco (BTI) for Q2 2019, worth a combined $4.17B — down 23% from $5.44B a quarter earlier.
Sellers outnumbered buyers: 85 funds closed out of BTI and 47 opened new positions — a net loss of 38 holders — while 145 trimmed existing stakes and 166 added.
The largest buyer was Orbis Allan Gray, adding an estimated $134M. The largest seller was Fidelity Investments, cutting an estimated $337M.
- 441 institutional investors held British American Tobacco (BTI) as of Q2 2019, down from 485 in Q1 2019.
- Funds reported $4.17B of British American Tobacco stock for Q2 2019, down 23% quarter-over-quarter.
- 47 funds opened new British American Tobacco positions in Q2 2019 and 85 closed out, a net change of -38 holders.
- The largest British American Tobacco buyer in Q2 2019 was Orbis Allan Gray, an estimated $134M added.
- The largest British American Tobacco seller in Q2 2019 was Fidelity Investments, an estimated $337M sold.
Based on aggregated 13F filings for Q2 2019.