Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in BTI held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Capital International Investors | 48.8M | $2.85B | -24.2% | 2.251% | 0.67% |
| 2 | FMR LLC | 36.7M | $2.15B | +18.0% | 1.692% | 0.12% |
| 3 | Capital Research Global Investors | 31.0M | $1.81B | +38.6% | 1.428% | 0.28% |
| 4 | GQG Partners LLC | 27.7M | $1.62B | -1.4% | 1.276% | 2.57% |
| 5 | BlackRock, Inc. | 19.1M | $1.12B | +80.2% | 0.883% | 0.02% |
| 6 | BANK OF AMERICA CORP /DE/ | 9.7M | $569.3M | +34.4% | 0.449% | 0.04% |
| 7 | Capital World Investors | 9.7M | $566.4M | +1.8% | 0.447% | 0.08% |
| 8 | Orbis Allan Gray Ltd | 7.7M | $450.6M | -17.2% | 0.355% | 1.90% |
| 9 | MORGAN STANLEY | 5.2M | $304.0M | +8.0% | 0.240% | 0.02% |
| 10 | WELLS FARGO & COMPANY/MN | 4.6M | $271.9M | +20.8% | 0.214% | 0.06% |
| 11 | TWO SIGMA INVESTMENTS, LP | 4.2M | $247.4M | +78.8% | 0.195% | 0.20% |
| 12 | ENVESTNET ASSET MANAGEMENT INC | 4.1M | $241.6M | +38.6% | 0.191% | 0.06% |
| 13 | CITADEL ADVISORS LLC | 3.9M | $225.7M | +21.9% | 0.178% | 0.10% |
| 14 | JONES FINANCIAL COMPANIES LLLP | 3.9M | $224.7M | +3117.1% | 0.179% | 0.11% |
| 15 | NORTHERN TRUST CORP | 3.8M | $224.4M | +54.8% | 0.177% | 0.03% |
| 16 | RAYMOND JAMES FINANCIAL INC | 3.8M | $221.7M | +28.2% | 0.175% | 0.07% |
| 17 | Mondrian Investment Partners LTD | 3.7M | $216.9M | -1.0% | 0.171% | 3.24% |
| 18 | FEDERATED HERMES, INC. | 3.7M | $216.2M | -2.1% | 0.170% | 0.35% |
| 19 | MARSHALL WACE, LLP | 3.3M | $193.4M | +165.3% | 0.152% | 0.21% |
| 20 | GOLDMAN SACHS GROUP INC | 2.9M | $166.8M | +5.6% | 0.132% | 0.02% |
| 21 | Contrarius Group Holdings Ltd | 2.8M | $165.1M | — | 0.130% | 9.35% |
| 22 | Newport Trust Co | 2.5M | $148.1M | -3.0% | 0.117% | 0.36% |
| 23 | ROYAL BANK OF CANADA | 2.4M | $141.1M | +18.1% | 0.111% | 0.02% |
| 24 | LPL Financial LLC | 2.4M | $140.1M | +13.6% | 0.111% | 0.04% |
| 25 | WCM INVESTMENT MANAGEMENT, LLC | 2.4M | $137.7M | +3899.7% | 0.109% | 0.31% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in BTI — a direct measure of their conviction.
Filings activity in BTI during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 848 | +5.7% | 13.42% | 0.71 pp | $18.14B | 5.0% |
| Q4 2025 | 802 | +7.7% | 14.13% | +2.98 pp | $19.09B | +27% |
| Q3 2025 | 745 | +5.5% | 11.15% | +2.20 pp | $15.07B | +25% |
| Q2 2025 | 706 | +13% | 8.95% | +2.71 pp | $12.10B | +44% |
| Q1 2025 | 625 | +5.8% | 6.24% | +1.30 pp | $8.43B | +26% |
| Q4 2024 | 591 | +0.7% | 4.94% | +0.19 pp | $6.68B | +4.0% |
| Q3 2024 | 587 | +7.9% | 4.75% | +0.97 pp | $6.42B | +26% |
| Q2 2024 | 544 | — | 3.78% | — | $5.11B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying BTI stock.
Based on Q1 2026 13F filings, institutional ownership of British American Tobacco p.l.c. stands at 13.4%, held across 848 reporting institutions.
Capital International Investors is the largest reported institutional holder of BTI, with approximately 48,815,570 shares worth $2.85B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of BTI, including TWO SIGMA INVESTMENTS, LP, CITADEL ADVISORS LLC.
Our composite Smart Money Score for BTI is 57 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
129 institutions opened new positions in BTI during Q1 2026, while 83 fully exited. 567 added to existing positions and 149 trimmed.
BTI institutional ownership fell by 0.71 percentage points quarter-over-quarter, with a net change of +46 holders.
The top 10 institutions account for 64.6% of all reported 13F value in BTI, and the top 25 account for 80.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
British American Tobacco p.l.c. (BTI) Institutional Ownership