Vault-13

AMBEV SA ABEV

SPONSORED ADR · ADR · CUSIP 02319V103 · ISIN US02319V1035

Brazilian brewing company

306 institutional holders -9 vs Q4 2022
1,315,156,2201.3bn shares reported held*
$3.7bnreported value*
37 new 113 added 103 reduced 43 sold out net sold ≈ $133.6m (-47.3m 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 ($4.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.82. Options: 9 managers hold calls ($13.5m notional), 10 hold puts ($19.2m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 297Q4 22: 315Q1 23: 306306Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022297
Q4 2022315
Q1 2023306

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 135 bought or addedQ4 22: 148 cut or sold outQ4 22Q1 23: 150 bought or addedQ1 23: 146 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022135148
Q1 2023150146

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 2.70Q1 23 calls: $13.5mQ1 23 puts: $19.2mQ1 23P/C 1.42
Numbers
QuarterCallsPutsP/C
Q3 2022$12.1m$9.5m0.79
Q4 2022$6.9m$18.6m2.70
Q1 2023$13.5m$19.2m1.42

Biggest buyers

Ninety One UK Ltd New +39,748,969+39.7m
First Eagle Investment Management, LLC Added +25,321,166+25.3m
Ruffer LLP Added +18,665,224+18.7m
Ninety One North America, Inc. New +14,686,079+14.7m
RENAISSANCE TECHNOLOGIES LLC Added +11,204,526+11.2m
BlackRock Inc. Added +6,932,144+6.9m
MILLENNIUM MANAGEMENT LLC Added +6,416,143+6.4m
BRANDES INVESTMENT PARTNERS, LP Added +4,849,708+4.8m
PZENA INVESTMENT MANAGEMENT LLC Added +4,781,566+4.8m
BANK OF AMERICA CORP /DE/ Added +2,879,982+2.9m

Biggest sellers

FMR LLC Reduced -102,655,922-102.7m
NATIONAL BANK OF CANADA /FI/ Reduced -29,133,960-29.1m
Driehaus Capital Management LLC Sold out -15,471,615-15.5m
Itau Unibanco Holding S.A. Reduced -14,474,461-14.5m
GOLDMAN SACHS GROUP INC Reduced -10,052,623-10.1m
SPRUCEGROVE INVESTMENT MANAGEMENT LTD Reduced -7,050,200-7.1m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Sold out -6,103,677-6.1m
DEUTSCHE BANK AG\ Reduced -3,019,629-3.0m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -2,837,205-2.8m
CITIGROUP INC Reduced -2,505,161-2.5m

Biggest calls

Optiver Holding B.V. Added $6.7m2.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.6m1.3m shares
MILLENNIUM MANAGEMENT LLC New $1.4m500.0k shares
CITADEL ADVISORS LLC Added $646.3k229.2k shares
SIMPLEX TRADING, LLC Reduced $637.0k226.2k shares
GROUP ONE TRADING LLC Reduced $403.8k143.2k shares
JANE STREET GROUP, LLC Reduced $112.2k39.8k shares
HAP Trading, LLC Reduced $1.0k11.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Optiver Holding B.V. Added $6.5m2.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.8m1.7m shares
Caption Management, LLC New $4.2m1.5m shares
GOLDMAN SACHS GROUP INC New $1.4m500.0k shares
SIMPLEX TRADING, LLC Reduced $913.0k323.8k shares
CITADEL ADVISORS LLC Reduced $805.4k285.6k shares
GROUP ONE TRADING LLC Reduced $473.8k168.0k shares
JANE STREET GROUP, LLC Reduced $78.7k27.9k shares
HAP Trading, LLC New $1.0k10.0k 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 Q1 2023

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 Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Eagle Investment Management, LLC 2.32% of their portfolio NEW YORK, NY 311,076,782311.1m $877.2m $877.2m 2.32% Added +25.3m +25,321,166
2 Harding Loevner LP 1.95% of their portfolio Bridgewater, NJ 121,310,335121.3m $342.1m $342.1m 1.95% Added +224.9k +224,885
3 Westwood Global Investments, LLC 15.99% of their portfolio BOSTON, MA 101,897,822101.9m $287.4m $287.4m 15.99% Added +562.3k +562,283
4 SPRUCEGROVE INVESTMENT MANAGEMENT LTD 13.27% of their portfolio TORONTO, A6 86,532,06086.5m $244.0m $244.0m 13.27% Reduced -7.1m -7,050,200
5 Ruffer LLP 6.00% of their portfolio LONDON, X0 61,508,43461.5m $173.1m $173.1m 6.00% Added +18.7m +18,665,224
6 BlackRock Inc. 0.00% of their portfolio New York, NY 54,235,45454.2m $152.9m $152.9m 0.00% Added +6.9m +6,932,144
7 JANUS HENDERSON GROUP PLC 0.09% of their portfolio LONDON, X0 49,829,56049.8m $140.3m $140.3m 0.09% Added +1.1m +1,082,525
8 Ninety One UK Ltd 0.35% of their portfolio London, X0 39,748,96939.7m $112.1m $112.1m 0.35% New
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 36,312,28336.3m $102.4m $102.4m 0.01% Added +754.6k +754,570
10 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 31,911,50531.9m $90.0m $90.0m 0.03% Added +533.1k +533,082
11 Perpetual Ltd 0.64% of their portfolio SYDNEY, NEW SOUTH WALES, C3 26,366,98826.4m $74.4m $74.4m 0.64% First filing
12 RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio NEW YORK, NY 22,177,32622.2m $62.5m $62.5m 0.08% Added +11.2m +11,204,526
13 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio BOSTON, MA 21,188,84621.2m $59.8m $59.8m 0.08% Reduced -2.8m -2,837,205
14 LOOMIS SAYLES & CO L P 0.10% of their portfolio BOSTON, MA 20,972,46321.0m $59.1m $59.1m 0.10% Added +230.7k +230,731
15 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 16,966,26817.0m $47.8m $47.8m 0.01% Added +2.9m +2,879,982
16 Seafarer Capital Partners, LLC 17.58% of their portfolio CORTE MADERA, CA 16,639,00016.6m $46.9m $46.9m 17.58% Added +600.0k +600,000
17 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 16,388,09016.4m $46.2m $46.2m 0.01% Reduced -10.1m -10,052,623
18 PZENA INVESTMENT MANAGEMENT LLC 0.20% of their portfolio NEW YORK, NY 16,178,59316.2m $45.6m $45.6m 0.20% Added +4.8m +4,781,566
19 Ninety One North America, Inc. 1.87% of their portfolio New York, NY 14,686,07914.7m $41.4m $41.4m 1.87% New
20 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 14,597,14814.6m $41.2m $41.2m 0.05% Added +6.4m +6,416,143
21 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 12,608,23112.6m $35.6m $35.6m 0.04% Added +2.7m +2,707,958
22 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 12,236,71412.2m $34.5m $34.5m 0.05% Reduced -2.5m -2,505,161
23 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,690,45310.7m $30.2m $30.2m 0.00% Reduced -36.6k -36,559
24 Itau Unibanco Holding S.A. 1.38% of their portfolio SAO PAULO, D5 10,096,18010.1m $27.4m $27.4m 1.38% Reduced -14.5m -14,474,461
25 SEI INVESTMENTS CO 0.05% of their portfolio OAKS, PA 9,406,8479.4m $26.5m $26.5m 0.05% Reduced -233.3k -233,260
26 Coronation Fund Managers Ltd. 0.67% of their portfolio Cape Town, T3 8,967,4279.0m $25.3m $25.3m 0.67% Reduced -902.0k -901,968
27 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 8,623,9258.6m $24.3m $24.3m 0.01% Added +72.9k +72,902
28 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 7,931,9907.9m $22.4m $22.4m 0.01% Added +334.6k +334,563
29 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 7,908,6717.9m $22.3m $22.3m 0.01% Reduced -3.0m -3,019,629
30 CANADA LIFE ASSURANCE Co 0.05% of their portfolio WINNIPEG, A2 7,067,9987.1m $20.0m $20.0m 0.05% Reduced -62.1k -62,124
31 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 6,873,3106.9m $19.4m $19.4m 0.00% Added +1.7m +1,701,916
32 RWC Asset Management LLP 0.59% of their portfolio LONDON, X0 6,741,6986.7m $19.0m $19.0m 0.59% Added +559.2k +559,155
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,454,0346.5m $18.2m $18.2m 0.00% Reduced -266.7k -266,729
34 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 6,207,8446.2m $17.5m $17.5m 0.03% Reduced -1.3m -1,270,368
35 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 6,204,1656.2m $17.5m $17.5m 0.01% Reduced -247.6k -247,574
36 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 5,602,4095.6m $15.8m $15.8m 0.00% Reduced -527.2k -527,238
37 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 5,447,7205.4m $15.4m $15.4m 0.00% Reduced -754.5k -754,500
38 BRANDES INVESTMENT PARTNERS, LP 0.31% of their portfolio LA JOLLA, CA 5,112,0035.1m $14.4m $14.4m 0.31% Added +4.8m +4,849,708
39 AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio Greenwich, CT 4,537,1994.5m $12.8m $12.8m 0.03% Added +2.3m +2,325,895
40 Legal & General Group Plc 0.00% of their portfolio London, X0 4,485,2224.5m $12.6m $12.6m 0.00% Unchanged
41 State of New Jersey Common Pension Fund D 0.04% of their portfolio TRENTON, NJ 3,789,4463.8m $10.7m $10.7m 0.04% Unchanged
42 APG Asset Management N.V. 0.02% of their portfolio Amsterdam, P7 3,581,8003.6m $9.3m $9.3m 0.02% Reduced -422.9k -422,900
43 Euro Pacific Asset Management, LLC 2.12% of their portfolio DORADO, PR 3,502,9643.5m $9.9m $9.9m 2.12% Reduced -6.6k -6,614
44 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 3,337,2643.3m $9.4m $9.4m 0.01% Added +439.5k +439,473
45 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 2,808,8562.8m $7.9m $7.9m 0.03% Added +35.9k +35,897
46 FOUNDATION RESOURCE MANAGEMENT INC 1.27% of their portfolio LITTLE ROCK, AR 2,715,4482.7m $7.7m $7.7m 1.27% Added +108.4k +108,356
47 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 2,432,4752.4m $6.9m $6.9m 0.00% Added +168.0k +167,974
48 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,914,0541.9m $5.4m $5.4m 0.01% New
49 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,851,2781.9m $5.2m $5.2m 0.00% Reduced -1.4m -1,417,231
50 Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio VANCOUVER, A1 1,805,7001.8m $5.1m $5.1m 0.03% Added +1.0m +1,015,824
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,762,7921.8m $5.0m $5.0m 0.00% Added +444.8k +444,825
52 Avalon Investment & Advisory 0.14% of their portfolio HOUSTON, TX 1,761,1911.8m $5.0m $5.0m 0.14% Reduced -9.8k -9,767
53 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,734,3781.7m $4.9m $4.9m 0.00% Added +511.7k +511,686
54 NORGES BANK 0.00% of their portfolio OSLO, Q8 1,481,7001.5m $4.2m $4.2m 0.00% Unchanged
55 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 1,452,4481.5m $4.1m $4.1m 0.01% Added +1.0m +1,002,395
56 ARIEL INVESTMENTS, LLC 0.04% of their portfolio CHICAGO, IL 1,431,3261.4m $4.0m $4.0m 0.04% New
57 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,390,3821.4m $3.9m $3.9m 0.00% Added +737.8k +737,832
58 SCOTIA CAPITAL INC. 0.03% of their portfolio TORONTO, A6 1,356,6721.4m $3.8m $3.8m 0.03% Added +24.3k +24,298
59 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 1,346,3171.3m $3.8m $3.8m 0.02% Reduced -1.4m -1,375,532
60 OPPENHEIMER & CO INC 0.08% of their portfolio NEW YORK, NY 1,300,2621.3m $3.7m $3.7m 0.08% Reduced -1.2k -1,246
61 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,267,9061.3m $3.6m $3.6m 0.00% Reduced -80.3k -80,274
62 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 1,202,3551.2m $3.4m $3.4m 0.01% Reduced -6.8k -6,831
63 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 1,168,9181.2m $3.4m $3.4m 0.00% Added +131.7k +131,732
64 EARNEST PARTNERS LLC 0.02% of their portfolio ATLANTA, GA 1,104,2051.1m $3.1m $3.1m 0.02% Added +1.1k +1,126
65 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 1,092,0471.1m $3.1m $3.1m 0.00% Added +24.8k +24,792
66 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 1,087,3951.1m $3.1m $3.1m 0.01% Reduced -12.7k -12,740
67 HOHIMER WEALTH MANAGEMENT, LLC 0.85% of their portfolio SEATTLE, WA 1,046,9121.0m $3.0m $3.0m 0.85% New
68 BARINGS LLC 0.10% of their portfolio CHARLOTTE, NC 1,006,8321.0m $2.8m $2.8m 0.10% Reduced -163.2k -163,187
69 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 982,367982.4k $2.8m $2.8m 0.01% Added +684.6k +684,576
70 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 876,811876.8k $2.5m $2.5m 0.01% Added +779.4k +779,411
71 Mraz, Amerine & Associates, Inc. 0.60% of their portfolio Modesto, CA 859,316859.3k $2.4m $2.4m 0.60% Added +85.3k +85,331
72 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 849,189849.2k $2.4m $2.4m 0.01% Reduced -29.1m -29,133,960
73 OPPENHEIMER ASSET MANAGEMENT INC. 0.04% of their portfolio NEW YORK, NY 832,822832.8k $2.3m $2.3m 0.04% Added +49.0k +49,000
74 AXA S.A. 0.01% of their portfolio PARIS, I0 829,303829.3k $2.3m $2.3m 0.01% Reduced -523.2k -523,244
75 Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio TOKYO, M0 820,127820.1k $2.3m $2.3m 0.01% Added +38.4k +38,391
76 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 764,897764.9k $2.2m $2.2m 0.00% Added +472.0k +472,000
77 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.48% of their portfolio BOSTON, MA 750,912750.9k $2.1m $2.1m 0.48% Added +155.7k +155,694
78 Invenomic Capital Management LP 0.12% of their portfolio BOSTON, MA 734,890734.9k $2.1m $2.1m 0.12% New
79 VPR Management LLC 0.36% of their portfolio HOUSTON, TX 616,839616.8k $1.7m $1.7m 0.36% Added +173.6k +173,580
80 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 606,981607.0k $1.7m $1.7m 0.00% Added +168.1k +168,116
81 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 603,822603.8k $1.7m $1.7m 0.00% Added +109.7k +109,700
82 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 590,788590.8k $1.7m $1.7m 0.00% Added +94.5k +94,493
83 Advisors Asset Management, Inc. 0.03% of their portfolio Monument, CO 521,543521.5k $1.5m $1.5m 0.03% Added +111.4k +111,441
84 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 493,613493.6k $1.4m $1.4m 0.01% Reduced -16.5k -16,503
85 STANSBERRY ASSET MANAGEMENT, LLC 0.27% of their portfolio Westlake, TX 488,770488.8k $1.4m $1.4m 0.27% New
86 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 478,188478.2k $1.3m $1.3m 0.00% Reduced -14.2k -14,211
87 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 458,375458.4k $1.3m $1.3m 0.00% Added +102.8k +102,755
88 Banque Cantonale Vaudoise 0.06% of their portfolio LAUSANNE, V8 443,600443.6k $1.3m $1.3m 0.06% Unchanged
89 J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio SAN FRANCISCO, CA 437,981438.0k $1.2m $1.2m 0.00% Reduced -10.2k -10,203
90 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 423,066423.1k $1.2m $1.2m 0.01% Reduced -245.3k -245,305
91 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 416,932416.9k $1.2m $1.2m 0.00% Reduced -109.7k -109,749
92 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 405,923405.9k $1.1m $1.1m 0.00% Reduced -3.5k -3,491
93 K2 PRINCIPAL FUND, L.P. 0.31% of their portfolio TORONTO, A6 402,639402.6k $1.1m $1.1m 0.31% Reduced -535.2k -535,197
94 First Personal Financial Services 0.27% of their portfolio CHARLOTTE, NC 370,145370.1k $1.0m $1.0m 0.27% Reduced -11.9k -11,858
95 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 367,502367.5k $1.0m $1.0m 0.01% Reduced -7.7k -7,680
96 Lombard Odier Asset Management (Switzerland) SA 0.09% of their portfolio PETIT-LANCY, V8 365,000365.0k $1.0m $1.0m 0.09% Unchanged
97 Caption Management, LLC 0.21% of their portfolio OKLAHOMA CITY, OK 350,200350.2k $987.6k $987.6k 0.21% Added +277.8k +277,800
98 Mariner, LLC 0.00% of their portfolio Overland Park, KS 343,757343.8k $970.0k $970.0k 0.00% Reduced -14.6k -14,592
99 HANTZ FINANCIAL SERVICES, INC. 0.03% of their portfolio SOUTHFIELD, MI 342,354342.4k $965.0k $965.0k 0.03% Added +10.8k +10,777
100 Privium Fund Management B.V. 0.32% of their portfolio AMSTERDAM, P7 339,310339.3k $956.9k $956.9k 0.32% Added +131.4k +131,400