British American Tobacco
BTI
904 hedge funds and large institutions have $20.2B invested in British American Tobacco in 2026 Q2 according to their latest regulatory filings, with 107 funds opening new positions, 380 increasing their positions, 266 reducing their positions, and 56 closing their positions.
91% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 56
69% more call options, than puts
Call options by funds: $344M | Put options by funds: $203M
43% more repeat investments, than reductions
Existing positions increased: 380 | Existing positions reduced: 266
9% more capital invested
Capital invested by funds: $18.7B → $20.2B (+$1.59B)
4% more funds holding
Funds holding: 869 → 904 (+35)
0.43% more ownership
Funds ownership: 14.69% → 15.12% (+0.43%)
0% more funds holding in top 10
Funds holding in top 10: 22 → 22 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$451M |
| 2 |
Morgan Stanley
New York
|
+$151M |
| 3 |
Citigroup
New York
|
+$86.1M |
| 4 |
BlackRock
New York
|
+$61.2M |
| 5 |
CCM
Cullen Capital Management
New York
|
+$50.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$188M |
| 2 |
Two Sigma Investments
New York
|
-$183M |
| 3 |
CGH
Contrarius Group Holdings
Hamilton,
Bermuda
|
-$158M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$40.9M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
-$38.2M |
BTI Hedge Fund Activity: Q2 2026 in Review
904 of the 8,300 institutional investors tracked by Wall St. Rank reported a position in British American Tobacco (BTI) for Q2 2026, worth a combined $20.2B — up 8.5% from $18.7B a quarter earlier.
Buyers outnumbered sellers: 107 funds opened new BTI positions and 56 closed out — a net gain of 51 holders — while 380 added to existing stakes and 266 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $451M. The largest seller was GQG Partners, cutting an estimated $188M.
- 904 institutional investors held British American Tobacco (BTI) as of Q2 2026, up from 869 in Q1 2026.
- Funds reported $20.2B of British American Tobacco stock for Q2 2026, up 8.5% quarter-over-quarter.
- 107 funds opened new British American Tobacco positions in Q2 2026 and 56 closed out, a net change of +51 holders.
- The largest British American Tobacco buyer in Q2 2026 was Fidelity Investments, an estimated $451M added.
- The largest British American Tobacco seller in Q2 2026 was GQG Partners, an estimated $188M sold.
Based on aggregated 13F filings for Q2 2026.