undamentalytics Newsletter

British American Tobacco P.l.c.: which funds bought and sold

Institutions that bought and sold British American Tobacco P.l.c. shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 476 institutions that filed 13F reports for both quarters added to or opened positions in British American Tobacco P.l.c., and 321 cut or closed them. Together they added a net 10.6M shares, +3.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 1.4M shares (+0.7%); index fund managers were net buyers of 1.3M shares (+5.6%). 94 opened a new position and 56 sold out entirely.

Bought, Q2 2026 476 institutions, 94 of them new holders Sold, Q2 2026 321 institutions, 56 of them sold out
Net change, all compared +10.6M shares (+3.3%)
Net change, active managers +1.4M shares (+0.7%), 29 bought, 30 sold

Buyers versus sellers

institutions compared, 947
Active managers and hedge funds 29 bought · 30 sold · +1.4M
Index fund managers 5 bought · 1 sold · +1.3M
Other institutions 442 bought · 290 sold · +7.9M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
FMR LLC Active manager +7.5M +20.4% 44.2M $2.7B
Morgan Stanley +2.5M +48.2% 7.7M $476M
First Eagle Investment Management, LLC Active manager +1.8M +106.0% 3.4M $212M
Citigroup Inc +1.4M +1119.2% 1.6M $96M
Blackrock, Inc. Index funds +1.0M +5.3% 20.2M $1.2B
Cullen Capital Management, LLC +832K +61.9% 2.2M $134M
Bank Of America Corp +798K +8.2% 10.5M $651M
Bahl & Gaynor LLC +745K +112.3% 1.4M $87M
Newedge Advisors, LLC +656K +710.3% 748K $46.2M
D. E. Shaw & Co., Inc. Hedge fund +636K +144.7% 1.1M $66.4M
Connor, Clark & Lunn Investment Management Ltd. +621K +34.6% 2.4M $149M
Maple Rock Capital Partners Inc. Hedge fund +577K +36.3% 2.2M $134M
Freestone Grove Partners LP Hedge fund +458K +11457050.0% 458K $28.3M
Jones Financial Companies LLLP +427K +11.0% 4.3M $271M
Deutsche Bank Ag\ +368K +7630.8% 372K $23M
Abc Arbitrage SA +340K +87.1% 731K $45.2M
Northern Trust Corp Index funds +330K +8.6% 4.2M $257M
Natixis Advisors, LLC +330K +8.0% 4.5M $276M
Arax Advisory Partners +327K +1998.4% 343K $21.2M
Capital International Investors Active manager +319K +0.7% 49.1M $3B

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
GQG Partners LLC Active manager −3.1M −11.3% 24.6M $1.5B
Two Sigma Investments, LP Hedge fund −3.0M −71.6% 1.2M $74.1M
Contrarius Group Holdings Ltd −2.6M −92.7% 207K $12.8M
Federated Hermes, Inc. Active manager −678K −18.3% 3.0M $186M
Capital Research Global Investors Active manager −632K −2.0% 30.3M $1.9B
Renaissance Technologies LLC Hedge fund −570K −98.1% 11K $679,298
Capital Fund Management S.A. Hedge fund −517K −71.0% 211K $13M
Sei Investments Co −431K −33.1% 872K $53.9M
Jpmorgan Chase & Co −425K −7.3% 5.4M $338M
Point72 Asset Management, L.P. Hedge fund −414K Sold out 0 —
Optiver Holding B.V. −401K −80.4% 98K $6M
Exoduspoint Capital Management, LP Hedge fund −367K Sold out 0 —
Orbis Allan Gray Ltd Active manager −321K −4.2% 7.4M $456M
Grantham, Mayo, Van Otterloo & Co. LLC Active manager −303K −39.6% 463K $28.6M
Bridgewater Associates, LP Hedge fund −259K −33.8% 507K $31.3M
Smith Thomas W −217K −54.5% 181K $11.2M
Jane Street Group, LLC −193K Sold out 0 —
Quadrature Capital Ltd Hedge fund −193K Sold out 0 —
UBS Group AG −182K −18.2% 817K $50.5M
Investment Management Associates Inc −178K −39.5% 272K $16.8M

New positions

largest by value
InstitutionSharesValue June 30, 2026
Night Squared LP 255K $15.8M
Old Mission Capital LLC 185K $11.4M
Logan Capital Management Inc 157K $9.7M
Boothbay Fund Management, LLCHedge fund 150K $9.3M
Arrowstreet Capital, Limited PartnershipHedge fund 103K $6.4M
J.W. Cole Advisors, Inc. 48K $3M
Diversify Advisory Services, LLC 42K $2.5M
Imc-Chicago, LLC 36K $2.2M
Jain Global LLCHedge fund 31K $1.9M
Farringdon Capital, Ltd. 30K $1.9M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Point72 Asset Management, L.P.Hedge fund 414K $24.2M
Exoduspoint Capital Management, LPHedge fund 367K $21.5M
Jane Street Group, LLC 193K $11.3M
Quadrature Capital LtdHedge fund 193K $11.3M
Aquatic Capital Management LLC 68K $4M
Entropy Technologies, LP 56K $3.3M
Havemeyer Place LP 37K $2.2M
Jackson Wealth Management, LLC 31K $1.8M
Timelo Investment Management Inc. 30K $1.8M
Sanders Morris Harris LLC 21K $1.2M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
903
Ten largest holders
63.5%
of 13F-reported shares
Index fund managers
7.7%
of 13F-reported shares
Active managers and hedge funds
60.8%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 29 30 7 5 +1.4M +0.7%
Index fund managers 5 1 0 0 +1.3M +5.6%
Other institutions 442 290 87 51 +7.9M +8.3%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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