British American Tobacco
BTI
871 hedge funds and large institutions have $18.7B invested in British American Tobacco in 2026 Q1 according to their latest regulatory filings, with 115 funds opening new positions, 395 increasing their positions, 218 reducing their positions, and 59 closing their positions.
95% more first-time investments, than exits
New positions opened: 115 | Existing positions closed: 59
81% more repeat investments, than reductions
Existing positions increased: 395 | Existing positions reduced: 218
38% more call options, than puts
Call options by funds: $277M | Put options by funds: $201M
14% more capital invested
Capital invested by funds: $16.4B → $18.7B (+$2.25B)
5% more funds holding
Funds holding: 826 → 871 (+45)
1.39% more ownership
Funds ownership: 13.34% → 14.73% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 22 → 22 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$511M |
| 2 |
BlackRock
New York
|
+$504M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$331M |
| 4 |
Jones Financial Companies
Des Peres,
Missouri
|
+$223M |
| 5 |
JP Morgan Chase
New York
|
+$188M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$922M |
| 2 |
BA
Bridgewater Associates
Westport,
Connecticut
|
-$129M |
| 3 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$94.4M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$85.7M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$44.7M |
BTI Hedge Fund Activity: Q1 2026 in Review
871 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in British American Tobacco (BTI) for Q1 2026, worth a combined $18.7B — up 14% from $16.4B a quarter earlier.
Buyers outnumbered sellers: 115 funds opened new BTI positions and 59 closed out — a net gain of 56 holders — while 395 added to existing stakes and 218 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $511M. The largest seller was Capital International Investors, cutting an estimated $922M.
- 871 institutional investors held British American Tobacco (BTI) as of Q1 2026, up from 826 in Q4 2025.
- Funds reported $18.7B of British American Tobacco stock for Q1 2026, up 14% quarter-over-quarter.
- 115 funds opened new British American Tobacco positions in Q1 2026 and 59 closed out, a net change of +56 holders.
- The largest British American Tobacco buyer in Q1 2026 was Capital Research Global Investors, an estimated $511M added.
- The largest British American Tobacco seller in Q1 2026 was Capital International Investors, an estimated $922M sold.
Based on aggregated 13F filings for Q1 2026.