Capital International Investors amended a Schedule 13G/A to report that it is the deemed beneficial owner of 136,662,623 shares of British American Tobacco P.L.C.
The filing states this represents 6.3% of 2,172,842,896 shares believed to be outstanding and includes 50,087,989 Depository Receipts. The filing shows sole voting power of 134,084,078. The amendment is signed on 05/13/2026.
Positive
None.
Negative
None.
Insights
Large passive stake reported by an investment management group.
The Schedule 13G/A amendment lists 136,662,623 shares and states CII is "deemed to be the beneficial owner" of that amount. The filing also reports 50,087,989 Depository Receipts as part of the total.
This is a static ownership disclosure; the economic and voting exposure noted (sole voting power 134,084,078) frames the scale of influence. Subsequent filings would show any changes to this position.
Key Figures
Beneficial ownership:136,662,623 sharesPercent of class:6.3%Depository Receipts included:50,087,989 shares+2 more
5 metrics
Beneficial ownership136,662,623 sharesdeemed beneficial owner per Schedule 13G/A
Percent of class6.3%of 2,172,842,896 shares believed to be outstanding
Depository Receipts included50,087,989 sharesDepository Receipts representing Common Stock included in total
Sole voting power134,084,078 sharesshares over which filer has sole power to vote
Shares believed outstanding2,172,842,896 sharesfigure used to calculate the <percent>6.3%</percent>
"Amendment No. 4 to Schedule 13G/A appears at the top of the excerpt"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficial ownerfinancial
""CII is deemed to be the beneficial owner of 136,662,623 shares""
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Depository Receiptsfinancial
"Shares reported include 50,087,989 Depository Receipts, which represent 50,087,989 Common Stock"
A depository receipt is a tradable certificate issued by a bank that represents ownership of shares held in a foreign company, letting investors buy and sell those shares on their local stock market without dealing with the foreign exchange and custody details. Think of it as a local receipt for a piece of a foreign company kept in a secure vault abroad; it matters because it makes international investing easier, often increases liquidity, and can affect dividend payments and currency risk.
What stake in British American Tobacco (BTI) does Capital International Investors report?
Capital International Investors reports beneficial ownership of 136,662,623 shares of BTI. This equals 6.3% of the 2,172,842,896 shares believed to be outstanding, and includes 50,087,989 Depository Receipts.
Does the filing show voting power for Capital International Investors in BTI?
Yes. The filing reports Capital International Investors has sole voting power over 134,084,078 shares. Shared voting and dispositive power are reported as 0 in the excerpt provided.
When was the Schedule 13G/A amendment signed?
The Schedule 13G/A amendment is signed by Aaron Espin, Senior Vice President, on 05/13/2026. The top of the excerpt also references 03/31/2026 in connection with the reported holdings.
What portion of the reported holdings are Depository Receipts?
The filing states 50,087,989 Depository Receipts are included in the reported total of 136,662,623 shares. Those Depository Receipts represent an equal number of Common Stock shares in the disclosed amount.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
British American Tobacco P.L.C.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
G1510J102
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G1510J102
1
Names of Reporting Persons
Capital International Investors
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
134,084,078.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
136,662,623.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
136,662,623.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.3 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
British American Tobacco P.L.C.
(b)
Address of issuer's principal executive offices:
GLOBE HOUSE, 4 TEMPLE PLACE, London WC2R 2PG, United Kingdom
Item 2.
(a)
Name of person filing:
Capital International Investors
(b)
Address or principal business office or, if none, residence:
333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)
Citizenship:
N/A
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
G1510J102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
136,662,623 **
**Capital International Investors ("CII") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CII's divisions of each of the investment management entities collectively provide investment management services under the name "Capital International Investors." CII is deemed to be the beneficial owner of 136,662,623 shares or 6.3% of the 2,172,842,896 shares believed to be outstanding. Shares reported include 50,087,989 Depository Receipts, which represent 50,087,989 Common Stock.
(b)
Percent of class:
6.3 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
134,084,078
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
136,662,623
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
