% of shares outstanding not shown: this line files 20-F annual reports only — a foreign private issuer whose US listing trades as ADSs (depositary receipts), while its cover-page share count is in ORDINARY shares. The depositary ratio is not in our data. The count we hold for this line is 2,312,454,501 shares (as of 2025-12-31, source dei). Dividing one by the other is wrong by the whole ratio (a 5:1 ADR reads one fifth of the true percentage), so the percentage is withheld rather than served wrong. Holder share counts are shown as filed.
Crowding percentile lands with its cohort — the cohort is size-matched, so it needs a market cap for BTI in the served universe — that lands with the next screener build.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | Capital International Investors | 48,815,57048.8M | $2.9B | — | TRIM -24% |
| 2 | FMR LLC | 36,688,21936.7M | $2.1B | — | ADD 18% |
| 3 | Capital Research Global Investors | 30,962,90131.0M | $1.8B | — | ADD 39% |
| 4 | GQG Partners LLC | 27,683,33427.7M | $1.6B | — | — |
| 5 | BlackRock, Inc. | 19,146,69619.1M | $1.1B | — | ADD 80% |
| 6 | BANK OF AMERICA CORP /DE/ | 9,736,8439.7M | $569M | — | ADD 34% |
| 7 | Capital World Investors | 9,688,3059.7M | $566M | — | — |
| 8 | Orbis Allan Gray Ltd | 7,705,9687.7M | $451M | — | TRIM -17% |
| 9 | JPMORGAN CHASE & CO | 5,815,9805.8M | $339M | — | ADD 120% |
| 10 | MORGAN STANLEY | 5,199,0215.2M | $304M | — | ADD 8% |
| 11 | WELLS FARGO & COMPANY/MN | 4,649,4514.6M | $272M | — | ADD 21% |
| 12 | TWO SIGMA INVESTMENTS, LP | 4,224,1684.2M | $247M | — | ADD 78% |
| 13 | NATIXIS ADVISORS, LLC | 4,145,8044.1M | $242M | — | ADD 27% |
| 14 | ENVESTNET ASSET MANAGEMENT INC | 4,131,9114.1M | $242M | — | ADD 39% |
| 15 | JONES FINANCIAL COMPANIES LLLP | 3,886,8213.9M | $225M | — | ADD 3117% |
| 16 | NORTHERN TRUST CORP | 3,837,0983.8M | $224M | — | ADD 55% |
| 17 | RAYMOND JAMES FINANCIAL INC | 3,791,2753.8M | $222M | — | ADD 28% |
| 18 | Mondrian Investment Partners LTD | 3,708,9633.7M | $217M | — | — |
| 19 | FEDERATED HERMES, INC. | 3,697,7553.7M | $216M | — | TRIM -2% |
| 20 | MARSHALL WACE, LLP | 3,307,9963.3M | $193M | — | ADD 165% |
| 21 | CITADEL ADVISORS LLC | 3,139,0323.1M | $184M | — | ADD 45% |
| 22 | GOLDMAN SACHS GROUP INC | 2,852,8702.9M | $167M | — | ADD 10% |
| 23 | Contrarius Group Holdings Ltd | 2,823,4412.8M | $165M | — | NEW |
| 24 | Newport Trust Company, LLC | 2,533,0382.5M | $148M | — | TRIM -3% |
| 25 | ROYAL BANK OF CANADA | 2,413,5512.4M | $141M | — | ADD 18% |
| 26 | LPL Financial LLC | 2,389,8252.4M | $140M | — | ADD 14% |
| 27 | WCM INVESTMENT MANAGEMENT, LLC | 2,362,8182.4M | $138M | — | ADD 3900% |
| 28 | Empyrean Capital Partners, LP | 1,925,0001.9M | $113M | — | TRIM -13% |
| 29 | Connor, Clark & Lunn Investment Management Ltd. | 1,793,5151.8M | $105M | — | ADD 772% |
| 30 | First Eagle Investment Management, LLC | 1,668,5221.7M | $98M | — | ADD 19% |
| 31 | Capital International, Inc./CA/ | 1,605,8461.6M | $94M | — | ADD 28% |
| 32 | Maple Rock Capital Partners Inc. | 1,589,1001.6M | $93M | — | TRIM -4% |
| 33 | Cullen Capital Management, LLC | 1,343,6781.3M | $79M | — | — |
| 34 | SEI INVESTMENTS CO | 1,303,6461.3M | $76M | — | ADD 75% |
| 35 | Madison Avenue Partners, LP | 1,123,7671.1M | $66M | — | TRIM -8% |
| 36 | Callodine Capital Management, LP | 1,077,4911.1M | $63M | — | ADD 58% |
| 37 | UBS Group AG | 999,158999,158 | $58M | — | ADD 206% |
| 38 | Prescott General Partners LLC | 920,100920,100 | $54M | — | ADD 318% |
| 39 | STIFEL FINANCIAL CORP | 882,754882,754 | $52M | — | ADD 38% |
| 40 | Qube Research & Technologies Ltd | 839,628839,628 | $49M | — | TRIM -46% |
| 41 | TODD ASSET MANAGEMENT LLC | 804,683804,683 | $47M | — | — |
| 42 | FIRST TRUST ADVISORS LP | 783,165783,165 | $46M | — | TRIM -3% |
| 43 | Grantham, Mayo, Van Otterloo & Co. LLC | 766,683766,683 | $45M | — | TRIM -50% |
| 44 | Bridgewater Associates, LP | 765,848765,848 | $45M | — | TRIM -74% |
| 45 | DIMENSIONAL FUND ADVISORS LP | 762,785762,785 | $45M | — | — |
| 46 | STATE STREET CORP | 740,681740,681 | $44M | — | — |
| 47 | CAPITAL FUND MANAGEMENT S.A. | 727,249727,249 | $43M | — | TRIM -13% |
| 48 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 684,858684,858 | $40M | — | ADD 21% |
| 49 | BAHL & GAYNOR INC | 663,467663,467 | $39M | — | ADD 8143% |
| 50 | ASSETMARK, INC | 640,106640,106 | $37M | — | ADD 15% |
| 51 | Euro Pacific Asset Management, LLC | 653,402653,402 | $35M | — | — |
| 52 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | 589,730589,730 | $34M | — | — |
| 53 | RENAISSANCE TECHNOLOGIES LLC | 581,299581,299 | $34M | — | ADD 995% |
| 54 | McGowan Group Asset Management, Inc. | 561,466561,466 | $33M | — | — |
| 55 | CRAWFORD INVESTMENT COUNSEL INC | 531,452531,452 | $31M | — | ADD 42% |
| 56 | BARCLAYS PLC | 510,210510,210 | $30M | — | ADD 176% |
| 57 | CAUSEWAY CAPITAL MANAGEMENT LLC | 500,864500,864 | $29M | — | ADD 4% |
| 58 | Optiver Holding B.V. | 499,077499,077 | $29M | — | TRIM -41% |
| 59 | Invesco Ltd. | 498,726498,726 | $29M | — | TRIM -14% |
| 60 | O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 493,770493,770 | $29M | — | — |
| 61 | OSAIC HOLDINGS, INC. | 480,107480,107 | $28M | — | TRIM -9% |
| 62 | INVESTMENT MANAGEMENT ASSOCIATES INC /ADV | 450,133450,133 | $26M | — | — |
| 63 | TRUIST FINANCIAL CORP | 448,937448,937 | $26M | — | ADD 5% |
| 64 | D. E. Shaw & Co., Inc. | 439,383439,383 | $26M | — | ADD 42% |
| 65 | Point72 Asset Management, L.P. | 414,217414,217 | $24M | — | NEW |
| 66 | LOCKHEED MARTIN INVESTMENT MANAGEMENT CO | 413,200413,200 | $24M | — | TRIM -6% |
| 67 | NEUBERGER BERMAN GROUP LLC | 409,606409,606 | $24M | — | ADD 490% |
| 68 | Capital Wealth Planning, LLC | 405,797405,797 | $24M | — | ADD 65% |
| 69 | Quantinno Capital Management LP | 398,397398,397 | $23M | — | ADD 12% |
| 70 | SMITH THOMAS W | 397,500397,500 | $23M | — | — |
| 71 | MILLENNIUM MANAGEMENT LLC | 394,933394,933 | $23M | — | TRIM -59% |
| 72 | Cetera Investment Advisers | 392,344392,344 | $23M | — | ADD 4% |
| 73 | ABC ARBITRAGE SA | 390,728390,728 | $23M | — | TRIM -57% |
| 74 | ExodusPoint Capital Management, LP | 367,195367,195 | $21M | — | ADD 33% |
| 75 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 352,214352,214 | $21M | — | ADD 18% |
| 76 | Adams Asset Advisors, LLC | 343,016343,016 | $20M | — | — |
| 77 | Bank of New York Mellon Corp | 320,813320,813 | $19M | — | — |
| 78 | CIBC WORLD MARKET INC. | 309,612309,612 | $18M | — | — |
| 79 | EPACRIA CAPITAL PARTNERS, LLC | 290,381290,381 | $17M | — | TRIM -8% |
| 80 | U.S. Capital Wealth Advisors, LLC | 287,970287,970 | $17M | — | — |
| 81 | COMMONWEALTH EQUITY SERVICES, LLC | 281,517281,517 | $16M | — | TRIM -3% |
| 82 | Modern Wealth Management, LLC | 283,876283,876 | $16M | — | — |
| 83 | Creative Planning | 276,052276,052 | $16M | — | ADD 7% |
| 84 | Russell Investments Group, Ltd. | 272,667272,667 | $16M | — | ADD 10% |
| 85 | SBI Securities Co., Ltd. | 272,175272,175 | $16M | — | TRIM -3% |
| 86 | GW HENSSLER & ASSOCIATES LTD | 266,290266,290 | $16M | — | TRIM -30% |
| 87 | AQR CAPITAL MANAGEMENT LLC | 259,167259,167 | $15M | — | ADD 25% |
| 88 | MML INVESTORS SERVICES, LLC | 249,561249,561 | $15M | — | — |
| 89 | WELLINGTON MANAGEMENT GROUP LLP | 228,227228,227 | $13M | — | ADD 8% |
| 90 | TrueMark Investments, LLC | 224,796224,796 | $13M | — | ADD 30% |
| 91 | OPAL CAPITAL LLC | 224,796224,796 | $13M | — | ADD 31% |
| 92 | AUXIER ASSET MANAGEMENT LLC | 220,744220,744 | $13M | — | — |
| 93 | HighTower Advisors, LLC | 220,423220,423 | $13M | — | ADD 12% |
| 94 | OPPENHEIMER ASSET MANAGEMENT INC. | 210,641210,641 | $12M | — | ADD 2% |
| 95 | VIKING FUND MANAGEMENT LLC | 210,000210,000 | $12M | — | ADD 11% |
| 96 | Pathstone Holdings, LLC | 207,766207,766 | $12M | — | ADD 27% |
| 97 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 207,069207,069 | $12M | — | ADD 431% |
| 98 | QRG CAPITAL MANAGEMENT, INC. | 202,261202,261 | $12M | — | ADD 14% |
| 99 | JANE STREET GROUP, LLC | 193,453193,453 | $11M | — | NEW |
| 100 | Quadrature Capital Ltd | 193,103193,103 | $11M | — | NEW |
Ranked by each filer’s own reported value, not shares.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| Capital Research Global Investors | +8,629,499 | $505M | ADD |
| BlackRock, Inc. | +8,518,913 | $498M | ADD |
| FMR LLC | +5,592,777 | $327M | ADD |
| JONES FINANCIAL COMPANIES LLLP | +3,766,004 | $220M | ADD |
| JPMORGAN CHASE & CO | +3,174,693 | $186M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Capital International Investors | −15,573,911 | $911M | TRIM |
| Bridgewater Associates, LP | −2,186,230 | $128M | TRIM |
| Orbis Allan Gray Ltd | −1,594,933 | $93M | TRIM |
| Balyasny Asset Management L.P. | −1,448,956 | $85M | TRIM |
| TWO SIGMA ADVISERS, LP | −1,282,400 | $75M | CLOSE |
Prior quarter split-rebased · 13Fs are long, US-listed only.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| Capital International Investors | 38.9M | 61.4M | 62.2M | 64.1M | 64.4M | 48.8M | $2.9B |
| FMR LLC | 10.2M | 9.1M | 12.3M | 20.4M | 31.1M | 36.7M | $2.1B |
| Capital Research Global Investors | 15.6M | 18.3M | 21.5M | 22.1M | 22.3M | 31.0M | $1.8B |
| GQG Partners LLC | 6.0M | 9.6M | 23.7M | 28.6M | 28.1M | 27.7M | $1.6B |
| BlackRock, Inc. | 13.6M | 12.8M | 11.9M | 10.9M | 10.6M | 19.1M | $1.1B |
| BANK OF AMERICA CORP /DE/ | 3.5M | 4.0M | 5.4M | 6.9M | 7.2M | 9.7M | $569M |
| Capital World Investors | 67K | 70K | 73K | 9.5M | 9.5M | 9.7M | $566M |
| Orbis Allan Gray Ltd | 10.0M | 12.0M | 14.5M | 9.5M | 9.3M | 7.7M | $451M |
| JPMORGAN CHASE & CO | 3.2M | 911K | 2.7M | 5.4M | 2.6M | 5.8M | $339M |
| MORGAN STANLEY | 5.6M | 4.8M | 5.2M | 5.3M | 4.8M | 5.2M | $304M |
| WELLS FARGO & COMPANY/MN | 1.3M | 1.5M | 3.3M | 3.6M | 3.8M | 4.6M | $272M |
| TWO SIGMA INVESTMENTS, LP | 824K | 870K | 4.0M | 2.4M | 2.4M | 4.2M | $247M |
| NATIXIS ADVISORS, LLC | 3.0M | 3.0M | 3.0M | 3.1M | 3.3M | 4.1M | $242M |
| ENVESTNET ASSET MANAGEMENT INC | 1.4M | 1.4M | 2.8M | 3.0M | 3.0M | 4.1M | $242M |
| JONES FINANCIAL COMPANIES LLLP | 82K | 106K | 121K | 107K | 121K | 3.9M | $225M |
Green = added, red = trimmed, grey = held; a dash is a quarter with no 13F on file — a gap, not an exit.
Holders only — breaks = no 13F.
Short interest has its own tab now — open SI →
SEC Form 13F · ~10,250 filers, 10y · long-only, US-listed, filed ≤45d after quarter-end.