Ray Dalio acquired 766k British American Tobacco Plc shares worth $47.7M. That's 0.17% of their equity portfolio (84th largest holding). Ray Dalio started to build up the position in British American Tobacco Plc in Q3 2024 and continued to invest until Q3 2025. Since then they sold 2.98M shares. The stake costed the investor $29.5M, netting the investor a gain of 62% so far.