Truist Financial Corp Reduces Stake in British American Tobacco

Oct.25.2023

Truist Financial Corp, a prominent US financial company, has reduced its stake in British American Tobacco by 30.2% in Q2, according to SEC filings.

Recently, according to the latest filing by the U.S. Securities and Exchange Commission (SEC), Truist Financial Corp, a well-known American financial company, has decreased its stake in British American Tobacco p.l.c. by 30.2% in the second quarter.

Truist Financial Corporation is an American financial holding company that was formed in 2019 through the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks. It is one of the largest banks in the southeastern United States and as of August 2023, it ranks as the ninth-largest bank with assets totaling $514 billion. The company is headquartered in Charlotte, North Carolina. Truist Financial Corporation offers a wide range of financial services including banking, lending, wealth management, investment banking, insurance, and other financial products.

According to the quarterly trading records, the company retains 677,307 shares after selling 293,543 shares of its stock.

According to incomplete statistics, other hedge funds and institutional investors have recently increased or decreased their holdings in the company. Currently, hedge funds and institutional investors collectively own 7.56% of the company's shares.

References:

[1] Truist Financial Corp Lowers Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Also Read:

[1] BAT's Subsidiary Secretly Launches Campaign to Oppose Quebec E-cigarette Ban

[2] Cora Koppe-Stahrenberg Appointed as BAT Chief HR Officer

[3] Tadeu Marroco, CEO of BAT, Buys Company's Stocks

#British American Tobacco (BAT)

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

RLX Technology Inc. (NYSE: RLX) Q3 2025 Financial Results: Net Revenue US$158.6 Million; International Business Accounts for 72%

RLX Technology Inc. (NYSE: RLX) announced its unaudited financial results for the third quarter of 2025. The company reported net revenue of RMB 1.13 billion, up 49.3% year-on-year, and adjusted net profit of RMB 295.4 million, up 1.4% quarter-on-quarter. International business contributed 72% of total revenue, reflecting robust financial performance and continued shareholder returns.

Nov.14

Product | AutoFresh Lock + Transparent Tank: SKE’s MEMERS VAPE Launches New Device

SKE-owned MEMERS has listed the disposable FRESA 40K on its website, featuring a transparent e-liquid chamber and a battery level display, with a claimed up to 40,000 puffs. The device uses Fresh Lock+ auto oil-lock to isolate e-liquid from the coil; brand materials cite two trigger timings—6 seconds after each puff or after 5 minutes of inactivity. It includes a 900mAh rechargeable battery, Type-C charging, and comes in 10 flavors.

Nov.05 by 2FIRSTS.ai

2Firsts Special Report｜China’s Nicotine Pouch Manufacturing Goes Global: A Supply Chain Reshaped and Redirected

China’s nicotine pouch manufacturing expanded rapidly in 2024 but cooled sharply in 2025. Meanwhile, global demand continued to grow strongly, with multinational tobacco companies increasing investment, prompting some Chinese manufacturers to accelerate the shift of production to Southeast Asia and Europe.

Nov.21

2Firsts Observation｜PMI Launches IQOS ILUMA i × SELETTI Limited Edition at Dubai Airport

2Firsts observed that Philip Morris International (PMI) has set up a large-scale IQOS display at Dubai International Airport’s duty-free area, featuring the TEREA tobacco stick series with promotional offers. The brand also showcased its limited-edition collaboration with Italian design house SELETTI — IQOS ILUMA i × SELETTI — further strengthening its premium image through artistic design.