British American Tobacco
About: The second-largest tobacco company by volume, British American Tobacco sold 505 billion cigarettes in 2024. Its leading brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans in cigarettes. Its ownership of the Camel, Natural American Spirit, and Newport brands are limited to the us. In next-generation products, the company has the Vuse brand in vaping, Glo in heated tobacco, and Velo in modern oral tobacco. The company also owns a 25.5% stake in ITC limited, the largest Indian cigarette company.
Employees: 48,989
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
31% more funds holding in top 10
Funds holding in top 10: 13 [Q3] → 17 (+4) [Q4]
24% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 76
5% more capital invested
Capital invested by funds: $6.76B [Q3] → $7.12B (+$363M) [Q4]
7% more repeat investments, than reductions
Existing positions increased: 222 | Existing positions reduced: 207
0% more funds holding
Funds holding: 603 [Q3] → 606 (+3) [Q4]
0.27% more ownership
Funds ownership: 8.29% [Q3] → 8.56% (+0.27%) [Q4]
42% less call options, than puts
Call options by funds: $155M | Put options by funds: $269M
Research analyst outlook
We haven’t received any recent analyst ratings for BTI.
Financial journalist opinion
Based on 20 articles about BTI published over the past 30 days









