Vault-13

AMBEV SA ABEV

SPONSORED ADR · ADR · CUSIP 02319V103 · ISIN US02319V1035

Brazilian brewing company

315 institutional holders +18 vs Q3 2022
1,359,445,8981.4bn shares reported held*
$3.7bnreported value*
40 new 95 added 121 reduced 27 sold out net sold ≈ $51.8m (-19.1m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.72. Options: 12 managers hold calls ($6.9m notional), 10 hold puts ($18.6m).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 297Q4 22: 315315Q3 22Q4 22
Numbers
QuarterHolders
Q3 2022297
Q4 2022315

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15m$20mQ3 22 calls: $12.1mQ3 22 puts: $9.5mQ3 22P/C 0.79Q4 22 calls: $6.9mQ4 22 puts: $18.6mQ4 22P/C 2.70
Numbers
QuarterCallsPutsP/C
Q3 2022$12.1m$9.5m0.79
Q4 2022$6.9m$18.6m2.70

Biggest buyers

JANUS HENDERSON GROUP PLC New +48,747,035+48.7m
NATIONAL BANK OF CANADA /FI/ Added +27,753,000+27.8m
CITADEL ADVISORS LLC New +9,900,273+9.9m
MILLENNIUM MANAGEMENT LLC Added +8,157,182+8.2m
Itau Unibanco Holding S.A. Added +6,012,635+6.0m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Added +5,760,849+5.8m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +4,695,631+4.7m
DEUTSCHE BANK AG\ Added +4,632,200+4.6m
First Eagle Investment Management, LLC Added +3,443,840+3.4m
Qube Research & Technologies Ltd New +2,721,849+2.7m

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -74,812,157-74.8m
FMR LLC Reduced -17,484,220-17.5m
BANK OF AMERICA CORP /DE/ Reduced -10,994,767-11.0m
Harding Loevner LP Reduced -8,371,323-8.4m
SPRUCEGROVE INVESTMENT MANAGEMENT LTD Reduced -5,371,537-5.4m
JPMORGAN CHASE & CO Reduced -4,955,364-5.0m
Ruffer LLP Reduced -3,856,923-3.9m
Driehaus Capital Management LLC Reduced -3,434,502-3.4m
BRANDES INVESTMENT PARTNERS, LP Reduced -3,121,541-3.1m
Optiver Holding B.V. Sold out -2,930,805-2.9m

Biggest calls

JANE STREET GROUP, LLC Reduced $1.7m624.2k shares
Optiver Holding B.V. Reduced $1.4m502.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.1m421.7k shares
GROUP ONE TRADING LLC Reduced $1.1m388.4k shares
SIMPLEX TRADING, LLC Added $1.0m377.4k shares
CITADEL ADVISORS LLC Reduced $378.1k139.0k shares
PEAK6 Investments LLC Unchanged $140.4k51.6k shares
WOLVERINE TRADING, LLC Added $72.0k26.5k shares
HAP Trading, LLC Added $3.0k43.6k shares
Parallax Volatility Advisers, L.P. New $272100 shares

Biggest puts

Parallax Volatility Advisers, L.P. New $7.2m2.6m shares
Optiver Holding B.V. Added $4.3m1.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.5m907.6k shares
SIMPLEX TRADING, LLC Reduced $2.3m828.8k shares
CITADEL ADVISORS LLC Added $955.5k351.3k shares
GROUP ONE TRADING LLC Added $807.8k297.0k shares
JANE STREET GROUP, LLC Reduced $479.5k176.3k shares
WOLVERINE TRADING, LLC Added $186.0k68.4k shares
BLUEFIN CAPITAL MANAGEMENT, LLC New $37815.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q4 2022

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2022.

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Eagle Investment Management, LLC 2.14% of their portfolio NEW YORK, NY 285,755,616285.8m $777.3m $777.3m 2.14% Added +3.4m +3,443,840
2 Harding Loevner LP 1.90% of their portfolio Bridgewater, NJ 121,085,450121.1m $329.3m $329.3m 1.90% Reduced -8.4m -8,371,323
3 FMR LLC 0.03% of their portfolio BOSTON, MA 102,718,168102.7m $279.4m $279.4m 0.03% Reduced -17.5m -17,484,220
4 Westwood Global Investments, LLC 15.54% of their portfolio BOSTON, MA 101,335,539101.3m $275.6m $275.6m 15.54% Reduced -492.5k -492,501
5 SPRUCEGROVE INVESTMENT MANAGEMENT LTD 14.09% of their portfolio TORONTO, A6 93,582,26093.6m $254.5m $254.5m 14.09% Reduced -5.4m -5,371,537
6 JANUS HENDERSON GROUP PLC 0.09% of their portfolio LONDON, X0 48,747,03548.7m $132.8m $132.8m 0.09% New
7 BlackRock Inc. 0.00% of their portfolio New York, NY 47,303,31047.3m $128.7m $128.7m 0.00% Reduced -1.4m -1,388,514
8 Ruffer LLP 7.86% of their portfolio LONDON, X0 42,843,21042.8m $117.1m $117.1m 7.86% Reduced -3.9m -3,856,923
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 35,557,71335.6m $96.7m $96.7m 0.01% Reduced -5.0m -4,955,364
10 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 31,378,42331.4m $85.3m $85.3m 0.03% Added +5.8m +5,760,849
11 NATIONAL BANK OF CANADA /FI/ 0.22% of their portfolio MONTREAL, A8 29,983,14930.0m $81.6m $81.6m 0.22% Added +27.8m +27,753,000
12 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 26,440,71326.4m $71.9m $71.9m 0.02% Reduced -74.8m -74,812,157
13 Itau Unibanco Holding S.A. 2.71% of their portfolio SAO PAULO, D5 24,570,64124.6m $66.6m $66.6m 2.71% Added +6.0m +6,012,635
14 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio BOSTON, MA 24,026,05124.0m $65.4m $65.4m 0.09% Added +4.7m +4,695,631
15 Pendal Group Ltd 0.52% of their portfolio SYDNEY, C3 21,960,67322.0m $59.7m $59.7m 0.52% Reduced -72.1k -72,064
16 LOOMIS SAYLES & CO L P 0.11% of their portfolio BOSTON, MA 20,741,73220.7m $56.4m $56.4m 0.11% Reduced -712.9k -712,929
17 Seafarer Capital Partners, LLC 19.23% of their portfolio CORTE MADERA, CA 16,039,00016.0m $43.6m $43.6m 19.23% Unchanged
18 Driehaus Capital Management LLC 0.63% of their portfolio Chicago, IL 15,471,61515.5m $42.1m $42.1m 0.63% Reduced -3.4m -3,434,502
19 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 14,741,87514.7m $40.1m $40.1m 0.06% Added +1.9m +1,943,465
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 14,086,28614.1m $38.3m $38.3m 0.00% Reduced -11.0m -10,994,767
21 PZENA INVESTMENT MANAGEMENT LLC 0.14% of their portfolio NEW YORK, NY 11,397,02711.4m $31.0m $31.0m 0.14% Added +1.6m +1,576,403
22 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 10,972,80011.0m $29.8m $29.8m 0.04% Added +162.4k +162,400
23 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 10,928,30010.9m $29.7m $29.7m 0.02% Added +4.6m +4,632,200
24 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,727,01210.7m $30.7m $30.7m 0.00% Added +299.5k +299,509
25 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 9,900,2739.9m $26.9m $26.9m 0.03% New
26 Coronation Fund Managers Ltd. 0.75% of their portfolio Cape Town, T3 9,869,3959.9m $26.8m $26.8m 0.75% Added +1.8m +1,793,054
27 SEI INVESTMENTS CO 0.06% of their portfolio OAKS, PA 9,640,1079.6m $26.2m $26.2m 0.06% Reduced -1.0m -1,046,875
28 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 8,551,0238.6m $23.3m $23.3m 0.01% Added +690.7k +690,746
29 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 8,181,0058.2m $22.3m $22.3m 0.02% Added +8.2m +8,157,182
30 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 7,597,4277.6m $20.7m $20.7m 0.01% Added +100.7k +100,713
31 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 7,478,2127.5m $20.3m $20.3m 0.03% Added +30.5k +30,503
32 CANADA LIFE ASSURANCE Co 0.05% of their portfolio WINNIPEG, A2 7,130,1227.1m $19.7m $19.7m 0.05% Reduced -280.9k -280,856
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,720,7636.7m $18.3m $18.3m 0.00% Added +602.4k +602,414
34 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 6,451,7396.5m $17.5m $17.5m 0.01% Added +344.4k +344,450
35 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 6,202,2206.2m $16.9m $16.9m 0.00% Added +473.4k +473,420
36 RWC Asset Management LLP 0.53% of their portfolio LONDON, X0 6,182,5436.2m $16.8m $16.8m 0.53% Added +253.5k +253,527
37 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 6,129,6476.1m $16.7m $16.7m 0.00% Reduced -185.5k -185,535
38 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio FRANKFURT AM MAIN, 2M 6,103,6776.1m $16.6m $16.6m 0.03% Added +748.4k +748,425
39 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 5,171,3945.2m $14.1m $14.1m 0.00% Reduced -441.3k -441,284
40 Legal & General Group Plc 0.00% of their portfolio London, X0 4,485,2224.5m $12.2m $12.2m 0.00% Unchanged
41 APG Asset Management N.V. 0.02% of their portfolio Amsterdam, P7 4,004,7004.0m $10.9m $10.9m 0.02% Added +467.2k +467,200
42 State of New Jersey Common Pension Fund D 0.04% of their portfolio TRENTON, NJ 3,789,4463.8m $10.3m $10.3m 0.04% Added +845.5k +845,513
43 Euro Pacific Asset Management, LLC 2.14% of their portfolio DORADO, PR 3,509,5783.5m $9.5m $9.5m 2.14% Reduced -139.4k -139,422
44 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 3,268,5093.3m $8.9m $8.9m 0.00% Added +151.1k +151,052
45 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 2,897,7912.9m $7.9m $7.9m 0.01% Added +79.1k +79,135
46 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 2,772,9592.8m $7.5m $7.5m 0.03% Added +1.6k +1,587
47 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 2,721,8492.7m $7.4m $7.4m 0.04% New
48 FOUNDATION RESOURCE MANAGEMENT INC 1.17% of their portfolio LITTLE ROCK, AR 2,607,0922.6m $7.1m $7.1m 1.17% Added +5.4k +5,378
49 Banco BTG Pactual S.A. 3.74% of their portfolio RIO DE JANEIRO, D5 2,394,4002.4m $6.5m $6.5m 3.74% Reduced -876.1k -876,100
50 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 2,264,5012.3m $6.2m $6.2m 0.00% Reduced -42.4k -42,383
51 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 2,211,3042.2m $6.0m $6.0m 0.01% Added +1.2m +1,242,269
52 Parallax Volatility Advisers, L.P. 0.15% of their portfolio San Francisco, CA 2,129,3032.1m $5.8m $5.8m 0.15% Added +1.8m +1,793,854
53 Avalon Investment & Advisory 0.14% of their portfolio HOUSTON, TX 1,770,9581.8m $4.8m $4.8m 0.14% Reduced -76.0k -75,997
54 NORGES BANK 0.00% of their portfolio OSLO, Q8 1,481,7001.5m $4.0m $4.0m 0.00% Not comparable
55 AXA S.A. 0.01% of their portfolio PARIS, I0 1,352,5471.4m $3.7m $3.7m 0.01% Reduced -1.5m -1,532,547
56 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,348,1801.3m $3.7m $3.7m 0.00% Reduced -1.8m -1,834,447
57 SCOTIA CAPITAL INC. 0.03% of their portfolio TORONTO, A6 1,332,3741.3m $3.6m $3.6m 0.03% Added +46.7k +46,709
58 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,317,9671.3m $3.6m $3.6m 0.00% Reduced -697.6k -697,623
59 OPPENHEIMER & CO INC 0.08% of their portfolio NEW YORK, NY 1,301,5081.3m $3.5m $3.5m 0.08% Added +9.4k +9,368
60 DEPRINCE RACE & ZOLLO INC 0.08% of their portfolio Winter Park, FL 1,265,7001.3m $3.4m $3.4m 0.08% Reduced -115.7k -115,700
61 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,222,6921.2m $3.3m $3.3m 0.00% Reduced -256.8k -256,765
62 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 1,209,1861.2m $3.3m $3.3m 0.01% Reduced -259.0k -259,016
63 BARINGS LLC 0.11% of their portfolio CHARLOTTE, NC 1,170,0191.2m $3.2m $3.2m 0.11% Unchanged
64 EARNEST PARTNERS LLC 0.02% of their portfolio ATLANTA, GA 1,103,0791.1m $3.0m $3.0m 0.02% Added +71.5k +71,538
65 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 1,100,1351.1m $3.0m $3.0m 0.01% Reduced -62.9k -62,905
66 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 1,067,2551.1m $2.9m $2.9m 0.00% Reduced -6.4k -6,392
67 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 1,037,1861.0m $2.8m $2.8m 0.00% Added +373.2k +373,182
68 K2 PRINCIPAL FUND, L.P. 0.70% of their portfolio TORONTO, A6 937,836937.8k $2.6m $2.6m 0.70% Added +262.8k +262,800
69 ZEKE CAPITAL ADVISORS, LLC 0.16% of their portfolio BERWYN, PA 881,179881.2k $2.4m $2.4m 0.16% Reduced -88.6k -88,586
70 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 789,876789.9k $2.1m $2.1m 0.01% Reduced -2.0m -1,955,801
71 OPPENHEIMER ASSET MANAGEMENT INC. 0.03% of their portfolio NEW YORK, NY 783,822783.8k $2.1m $2.1m 0.03% Reduced -80.7k -80,696
72 Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio TOKYO, M0 781,736781.7k $2.1m $2.1m 0.01% Reduced -18.7k -18,738
73 Mraz, Amerine & Associates, Inc. 0.50% of their portfolio Modesto, CA 773,985774.0k $2.1m $2.1m 0.50% Added +177.8k +177,758
74 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 668,371668.4k $1.8m $1.8m 0.02% Added +530.8k +530,832
75 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 652,550652.5k $1.8m $1.8m 0.00% Reduced -166.6k -166,615
76 Qtron Investments LLC 0.35% of their portfolio Boston, MA 616,140616.1k $1.7m $1.7m 0.35% Added +31.7k +31,718
77 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.37% of their portfolio BOSTON, MA 595,218595.2k $1.6m $1.6m 0.37% Unchanged
78 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 526,681526.7k $1.4m $1.4m 0.00% Reduced -94.7k -94,737
79 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 510,116510.1k $1.4m $1.4m 0.01% Reduced -72.5k -72,498
80 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 498,533498.5k $1.4m $1.4m 0.02% Added +318.4k +318,429
81 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 496,295496.3k $1.4m $1.4m 0.00% Added +9.7k +9,715
82 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 494,122494.1k $1.3m $1.3m 0.00% Reduced -2.0m -1,992,197
83 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 492,399492.4k $1.3m $1.3m 0.00% Reduced -4.3k -4,338
84 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 450,053450.1k $1.2m $1.2m 0.00% Reduced -1.5m -1,520,074
85 J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio SAN FRANCISCO, CA 448,184448.2k $1.2m $1.2m 0.00% Reduced -44.7k -44,703
86 Banque Cantonale Vaudoise 0.06% of their portfolio LAUSANNE, V8 443,600443.6k $1.2m $1.2m 0.06% Unchanged
87 VPR Management LLC 0.26% of their portfolio HOUSTON, TX 443,259443.3k $1.2m $1.2m 0.26% New
88 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 438,865438.9k $1.4m $1.4m 0.00% Reduced -53.8k -53,809
89 Advisors Asset Management, Inc. 0.02% of their portfolio Monument, CO 410,102410.1k $1.1m $1.1m 0.02% Added +104.1k +104,067
90 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 409,414409.4k $1.1m $1.1m 0.00% Reduced -35.7k -35,658
91 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.02% of their portfolio Stamford, CT 409,337409.3k $1.1m $1.1m 0.02% Added +70.0k +70,012
92 First Personal Financial Services 0.28% of their portfolio CHARLOTTE, NC 382,003382.0k $1.0m $1.0m 0.28% Added +34.0k +33,985
93 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 375,182375.2k $1.0m $1.0m 0.01% Reduced -13.2k -13,233
94 Lombard Odier Asset Management (Switzerland) SA 0.08% of their portfolio PETIT-LANCY, V8 365,000365.0k $992.8k $992.8k 0.08% Unchanged
95 Mariner, LLC 0.00% of their portfolio Overland Park, KS 358,349358.3k $974.0k $974.0k 0.00% Reduced -17.2k -17,152
96 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 355,620355.6k $968.6k $968.6k 0.00% Added +11.7k +11,732
97 Freestone Capital Holdings, LLC 0.04% of their portfolio Seattle, WA 335,798335.8k $913.4k $913.4k 0.04% Reduced -353.4k -353,397
98 HANTZ FINANCIAL SERVICES, INC. 0.03% of their portfolio SOUTHFIELD, MI 331,577331.6k $902.0k $902.0k 0.03% Reduced -88.6k -88,559
99 PINEBRIDGE INVESTMENTS, L.P. 0.01% of their portfolio NEW YORK, NY 323,382323.4k $879.6k $879.6k 0.01% Reduced -318.6k -318,568
100 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 308,547308.5k $839.2k $839.2k 0.00% Reduced -23.2k -23,228