5 Dividend Stocks in Tiger Cub Lee Ainslie’s Portfolio

4. British American Tobacco p.l.c. (NYSE:BTI)

Maverick Capital’s Stake Value: $591,000

Percent of Maverick Capital’s 13F Portfolio: 0.001%

Number of Hedge Fund Holders: 9

Dividend Yield: 7.82% (as of January 4)

Lee Ainslie’s Maverick Capital owns 16,800 shares in British American Tobacco p.l.c. (NYSE:BTI) at the end of the third quarter, valued at $591,000. The company’s cigarette-alternative segment is driving sales growth and is estimated to bring profitability and £5 billion in total revenue by FY’25.

British American Tobacco p.l.c. (NYSE:BTI) is a UK-based company that provides tobacco and nicotine products around the globe. On December 8, UBS analyst Nik Oliver maintained a ‘Buy’ rating on British American Tobacco p.l.c. (NYSE:BTI) stock, upping the price target to 3,700 GBP from 3,500 GBP.

9 hedge funds were long British American Tobacco p.l.c. (NYSE:BTI) at the end of the third quarter, holding $724.4 million in combined value. In contrast, 12 hedge funds held stakes worth $1.01 billion in the company a quarter ago.