British American Tobacco
BTI
575 hedge funds and large institutions have $4.43B invested in British American Tobacco in 2024 Q1 according to their latest regulatory filings, with 82 funds opening new positions, 234 increasing their positions, 180 reducing their positions, and 51 closing their positions.
61% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 51
30% more repeat investments, than reductions
Existing positions increased: 234 | Existing positions reduced: 180
8% more capital invested
Capital invested by funds: $4.12B → $4.43B (+$314M)
5% more funds holding
Funds holding: 549 → 575 (+26)
0.22% more ownership
Funds ownership: 6.29% → 6.51% (+0.22%)
18% less funds holding in top 10
Funds holding in top 10: 11 → 9 (-2)
18% less call options, than puts
Call options by funds: $137M | Put options by funds: $168M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$141M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$86.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$36.6M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$34.9M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$56.4M |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$48.7M |
| 3 |
Two Sigma Advisers
New York
|
-$32.8M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$31.2M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$27.8M |
BTI Hedge Fund Activity: Q1 2024 in Review
575 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in British American Tobacco (BTI) for Q1 2024, worth a combined $4.43B — up 7.6% from $4.12B a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new BTI positions and 51 closed out — a net gain of 31 holders — while 234 added to existing stakes and 180 trimmed.
The largest buyer was Orbis Allan Gray, adding an estimated $141M. The largest seller was Morgan Stanley, cutting an estimated $56.4M.
- 575 institutional investors held British American Tobacco (BTI) as of Q1 2024, up from 549 in Q4 2023.
- Funds reported $4.43B of British American Tobacco stock for Q1 2024, up 7.6% quarter-over-quarter.
- 82 funds opened new British American Tobacco positions in Q1 2024 and 51 closed out, a net change of +31 holders.
- The largest British American Tobacco buyer in Q1 2024 was Orbis Allan Gray, an estimated $141M added.
- The largest British American Tobacco seller in Q1 2024 was Morgan Stanley, an estimated $56.4M sold.
Based on aggregated 13F filings for Q1 2024.