British American Tobacco
BTI
646 hedge funds and large institutions have $8.78B invested in British American Tobacco in 2025 Q1 according to their latest regulatory filings, with 90 funds opening new positions, 243 increasing their positions, 209 reducing their positions, and 51 closing their positions.
76% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 51
27% more capital invested
Capital invested by funds: $6.9B → $8.78B (+$1.88B)
16% more repeat investments, than reductions
Existing positions increased: 243 | Existing positions reduced: 209
4% more funds holding
Funds holding: 620 → 646 (+26)
1.07% more ownership
Funds ownership: 8.61% → 9.67% (+1.1%)
6% less funds holding in top 10
Funds holding in top 10: 17 → 16 (-1)
24% less call options, than puts
Call options by funds: $208M | Put options by funds: $274M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$884M |
| 2 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$141M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$107M |
| 4 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$80.2M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$42.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$97.3M |
| 2 |
JP Morgan Chase
New York
|
-$89M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$79.4M |
| 4 |
IPAM
ICICI Prudential Asset Management
Mumbai,
India
|
-$47.4M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$44.9M |
BTI Hedge Fund Activity: Q1 2025 in Review
646 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in British American Tobacco (BTI) for Q1 2025, worth a combined $8.78B — up 27% from $6.9B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new BTI positions and 51 closed out — a net gain of 39 holders — while 243 added to existing stakes and 209 trimmed.
The largest buyer was Capital International Investors, adding an estimated $884M. The largest seller was Arrowstreet Capital, cutting an estimated $97.3M.
- 646 institutional investors held British American Tobacco (BTI) as of Q1 2025, up from 620 in Q4 2024.
- Funds reported $8.78B of British American Tobacco stock for Q1 2025, up 27% quarter-over-quarter.
- 90 funds opened new British American Tobacco positions in Q1 2025 and 51 closed out, a net change of +39 holders.
- The largest British American Tobacco buyer in Q1 2025 was Capital International Investors, an estimated $884M added.
- The largest British American Tobacco seller in Q1 2025 was Arrowstreet Capital, an estimated $97.3M sold.
Based on aggregated 13F filings for Q1 2025.