Jeremy Grantham's BTI Position Overview
Jeremy Grantham (via Grantham, Mayo, Van Otterloo & Co. LLC) currently holds 1.68 M shares of British American Tobacco p.l.c. (BTI) worth $89.38 M, representing 0.25% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 50 quarters.
Based on 13F filings since 2013, Jeremy Grantham has maintained a long-term strategic position in BTI, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2025, adding 1.08 M shares. Largest reduction occurred in Q1 2024, reducing 1.04 M shares.
Analysis based on 13F filings available since 2013 Q2
Jeremy Grantham's British American Tobacco plc (BTI) Holding Value Over Time
Track share changes against reported price movement
Quarterly British American Tobacco plc (BTI) Trades by Jeremy Grantham
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +109,910 | Add 0.00% | 109,908 | $51.47 |
| Q3 2013 | -83,404 | Reduce 75.89% | 26,504 | $52.56 |
| Q4 2013 | -2,400 | Reduce 9.06% | 24,104 | $53.73 |
| Q2 2014 | +32,200 | Add 133.59% | 56,304 | $59.53 |
| Q4 2014 | -936 | Reduce 1.66% | 55,368 | $53.91 |
| Q1 2015 | +44,400 | Add 80.19% | 99,768 | $51.88 |
| Q2 2015 | -4,800 | Reduce 4.81% | 94,968 | $54.12 |
| Q4 2015 | -47,400 | Reduce 49.91% | 47,568 | $55.23 |
| Q1 2016 | -25,600 | Reduce 53.82% | 21,968 | $58.45 |
| Q2 2016 | +97,200 | Add 442.46% | 119,168 | $64.74 |
| Q3 2016 | +47,400 | Add 39.78% | 166,568 | $63.82 |
| Q4 2016 | +84,902 | Add 50.97% | 251,470 | $56.34 |
| Q1 2017 | -177,470 | Reduce 70.57% | 74,000 | $66.32 |
| Q2 2017 | -32,800 | Reduce 44.32% | 41,200 | $68.54 |
| Q3 2017 | +368 | Add 0.89% | 41,568 | $62.45 |
| Q4 2017 | -53 | Reduce 0.13% | 41,515 | $66.99 |
| Q1 2018 | -5,315 | Reduce 12.80% | 36,200 | $57.68 |
| Q2 2018 | +30,500 | Add 84.25% | 66,700 | $50.45 |
| Q3 2018 | +14,700 | Add 22.04% | 81,400 | $46.63 |
| Q4 2018 | +27,900 | Add 34.28% | 109,300 | $31.86 |
| Q1 2019 | +66,300 | Add 60.66% | 175,600 | $41.72 |
| Q2 2019 | +640,800 | Add 364.92% | 816,400 | $34.87 |
| Q3 2019 | +728,300 | Add 89.21% | 1.54 M | $36.90 |
| Q4 2019 | +789,300 | Add 51.10% | 2.33 M | $42.46 |
| Q1 2020 | +560,000 | Add 23.99% | 2.89 M | $34.19 |
| Q2 2020 | -328,000 | Reduce 11.33% | 2.57 M | $38.82 |
| Q3 2020 | -331,200 | Reduce 12.91% | 2.23 M | $36.15 |
| Q4 2020 | -193,800 | Reduce 8.67% | 2.04 M | $37.49 |
| Q1 2021 | +213,158 | Add 10.44% | 2.25 M | $38.74 |
| Q2 2021 | -2,800 | Reduce 0.12% | 2.25 M | $39.31 |
| Q3 2021 | +86,100 | Add 3.82% | 2.34 M | $35.28 |
| Q4 2021 | -7,100 | Reduce 0.30% | 2.33 M | $37.41 |
| Q1 2022 | -300,900 | Reduce 12.91% | 2.03 M | $42.16 |
| Q2 2022 | -357,800 | Reduce 17.63% | 1.67 M | $42.91 |
| Q3 2022 | -88,200 | Reduce 5.28% | 1.58 M | $35.50 |
| Q4 2022 | -50,058 | Reduce 3.16% | 1.53 M | $39.98 |
| Q1 2023 | -15,600 | Reduce 1.02% | 1.52 M | $35.12 |
| Q2 2023 | +4,172 | Add 0.27% | 1.52 M | $33.20 |
| Q3 2023 | +593,035 | Add 38.96% | 2.12 M | $31.41 |
| Q4 2023 | +113,691 | Add 5.38% | 2.23 M | $29.29 |
| Q1 2024 | -1.04 M | Reduce 46.46% | 1.19 M | $30.50 |
| Q2 2024 | -1.19 M | Sold Out | 1.19 M | $0.00 |
| Q3 2024 | +452,417 | New Buy | 452,417 | $36.58 |
| Q4 2024 | +917,334 | Add 202.76% | 1.37 M | $36.32 |
| Q1 2025 | +1.08 M | Add 78.58% | 2.45 M | $41.37 |
| Q2 2025 | +36,072 | Add 1.47% | 2.48 M | $47.33 |
| Q3 2025 | -798,181 | Reduce 32.16% | 1.68 M | $53.08 |
Jeremy Grantham's British American Tobacco plc Investment FAQs
Jeremy Grantham first purchased British American Tobacco p.l.c. (BTI) in Q2 2013, acquiring 109,908 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Jeremy Grantham has held British American Tobacco p.l.c. (BTI) for 50 quarters since Q2 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Jeremy Grantham's largest addition to British American Tobacco p.l.c. (BTI) was in Q1 2025, adding 2,446,034 shares worth $101.19 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Jeremy Grantham's firm, Grantham, Mayo, Van Otterloo & Co. LLC, owns 1,683,925 shares of British American Tobacco p.l.c. (BTI), valued at approximately $89.38 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, British American Tobacco p.l.c. (BTI) represents approximately 0.25% of Jeremy Grantham's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Jeremy Grantham's peak holding in British American Tobacco p.l.c. (BTI) was 2,894,000 shares, as reported at the end of Q1 2020. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.