In a recent disclosure, First Eagle Investment Management revealed a significant increase in its holdings of British American Tobacco (BTI). As of June 30, 2026, the firm held 3.44 million shares, a 106% increase from the 1.67 million shares it reported at the end of the prior quarter. The total value of this investment rose to approximately $212.31 million.
Investors should note that 13F filings are submitted to the SEC quarterly and reflect positions held on a specific past date, not necessarily current holdings. During the period of First Eagle's increased investment, British American Tobacco reported that revenue from its "New Categories" of smokeless products grew 18%, driven by strong performance in its modern oral products. The company also reaffirmed its full-year guidance for 2026.