Vault-13

AMBEV SA ABEV

SPONSORED ADR · ADR · CUSIP 02319V103 · ISIN US02319V1035

Brazilian brewing company

347 institutional holders +1 vs Q4 2023
1,311,192,5561.3bn shares reported held*
$3.3bnreported value*
40 new 121 added 108 reduced 41 sold out net sold ≈ $21.2m (-8.6m 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 ($3.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.48. Options: 8 managers hold calls ($1.1m notional), 12 hold puts ($29.2m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 297Q4 22: 315Q1 23: 306Q2 23: 330Q3 23: 342Q4 23: 346Q1 24: 347347Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022297
Q4 2022315
Q1 2023306
Q2 2023330
Q3 2023342
Q4 2023346
Q1 2024347

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 23Q2 23: 159 bought or addedQ2 23: 120 cut or sold outQ2 23Q3 23: 143 bought or addedQ3 23: 144 cut or sold outQ3 23Q4 23: 136 bought or addedQ4 23: 164 cut or sold outQ4 23Q1 24: 161 bought or addedQ1 24: 149 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022135148
Q1 2023150146
Q2 2023159120
Q3 2023143144
Q4 2023136164
Q1 2024161149

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ2 23 calls: $14.4mQ2 23 puts: $7.5mQ2 23P/C 0.52Q3 23 calls: $5.9mQ3 23 puts: $21.9mQ3 23P/C 3.69Q4 23 calls: $3.4mQ4 23 puts: $3.5mQ4 23P/C 1.04Q1 24 calls: $1.1mQ1 24 puts: $29.2mQ1 24P/C 26.82
Numbers
QuarterCallsPutsP/C
Q2 2023$14.4m$7.5m0.52
Q3 2023$5.9m$21.9m3.69
Q4 2023$3.4m$3.5m1.04
Q1 2024$1.1m$29.2m26.82

Biggest buyers

GOLDMAN SACHS GROUP INC Added +20,098,598+20.1m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Added +7,151,327+7.2m
BANK OF AMERICA CORP /DE/ Added +6,441,370+6.4m
RENAISSANCE TECHNOLOGIES LLC Added +6,191,954+6.2m
Perpetual Ltd Added +5,943,974+5.9m
Seafarer Capital Partners, LLC Added +5,800,000+5.8m
Oldfield Partners LLP New +4,901,900+4.9m
Kiltearn Partners LLP Added +4,300,000+4.3m
MORGAN STANLEY Added +3,696,911+3.7m
BRANDES INVESTMENT PARTNERS, LP Added +3,252,251+3.3m

Biggest sellers

Ninety One UK Ltd Reduced -38,370,172-38.4m
Ninety One North America, Inc. Sold out -15,706,788-15.7m
Ruffer LLP Reduced -8,654,807-8.7m
JPMORGAN CHASE & CO Reduced -7,457,444-7.5m
Invesco Ltd. Reduced -5,203,288-5.2m
BlackRock Inc. Reduced -5,166,281-5.2m
Westwood Global Investments, LLC Reduced -4,050,659-4.1m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -3,384,079-3.4m
Harding Loevner LP Reduced -3,322,584-3.3m
NORTHERN TRUST CORP Reduced -1,880,625-1.9m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $719.4k290.1k shares
GROUP ONE TRADING LLC Reduced $167.4k67.5k shares
SIMPLEX TRADING, LLC Reduced $82.0k33.3k shares
WOLVERINE TRADING, LLC Added $65.0k26.2k shares
CITADEL ADVISORS LLC Reduced $44.1k17.8k shares
Optiver Holding B.V. Reduced $10.2k4.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Vinland Capital Management Gestora de Recursos LTDA. Reduced $00 shares

Biggest puts

Walleye Capital LLC New $5.0m2.0m shares
Optiver Holding B.V. Added $4.6m1.9m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.3m1.7m shares
Squarepoint Ops LLC New $4.2m1.7m shares
Parallax Volatility Advisers, L.P. New $4.0m1.6m shares
Walleye Trading LLC New $3.6m1.4m shares
CITADEL ADVISORS LLC Added $1.9m783.8k shares
GROUP ONE TRADING LLC Added $824.4k332.4k shares
JANE STREET GROUP, LLC Added $556.3k224.3k shares
WOLVERINE TRADING, LLC Reduced $126.0k50.8k 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 2024

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 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Eagle Investment Management, LLC 1.76% of their portfolio NEW YORK, NY 312,705,437312.7m $775.5m $775.5m 1.76% Reduced -274.6k -274,600
2 Harding Loevner LP 1.63% of their portfolio Bridgewater, NJ 106,254,873106.3m $263.5m $263.5m 1.63% Reduced -3.3m -3,322,584
3 Westwood Global Investments, LLC 11.54% of their portfolio BOSTON, MA 102,166,667102.2m $253.4m $253.4m 11.54% Reduced -4.1m -4,050,659
4 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 81,603,38781.6m $202.4m $202.4m 0.04% Added +20.1m +20,098,598
5 SPRUCEGROVE INVESTMENT MANAGEMENT LTD 7.06% of their portfolio TORONTO, A6 70,439,57270.4m $174.7m $174.7m 7.06% Reduced -1.7m -1,659,000
6 Perpetual Ltd 1.58% of their portfolio SYDNEY, NEW SOUTH WALES, C3 65,003,92265.0m $161.2m $161.2m 1.58% Added +5.9m +5,943,974
7 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 60,416,79060.4m $149.8m $149.8m 0.01% Reduced -7.5m -7,457,444
8 BlackRock Inc. 0.00% of their portfolio New York, NY 56,159,44856.2m $139.3m $139.3m 0.00% Reduced -5.2m -5,166,281
9 Ruffer LLP 4.08% of their portfolio LONDON, X0 42,862,89242.9m $106.1m $106.1m 4.08% Reduced -8.7m -8,654,807
10 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 42,612,90942.6m $105.7m $105.7m 0.03% Added +7.2m +7,151,327
11 RENAISSANCE TECHNOLOGIES LLC 0.10% of their portfolio NEW YORK, NY 26,720,60526.7m $66.3m $66.3m 0.10% Added +6.2m +6,191,954
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 26,439,42926.4m $65.6m $65.6m 0.00% Added +3.7m +3,696,911
13 Seafarer Capital Partners, LLC 18.27% of their portfolio CORTE MADERA, CA 25,199,00025.2m $62.5m $62.5m 18.27% Added +5.8m +5,800,000
14 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 22,489,77222.5m $55.8m $55.8m 0.01% Added +6.4m +6,441,370
15 LOOMIS SAYLES & CO L P 0.07% of their portfolio BOSTON, MA 19,273,26919.3m $47.8m $47.8m 0.07% Reduced -483.2k -483,159
16 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 16,254,32616.3m $40.3m $40.3m 0.04% Added +113.4k +113,403
17 PZENA INVESTMENT MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 14,205,33414.2m $35.2m $35.2m 0.12% Reduced -22.1k -22,108
18 RWC Asset Management LLP 1.96% of their portfolio LONDON, X0 12,572,86512.6m $31.2m $31.2m 1.96% Added +2.2m +2,233,607
19 BRANDES INVESTMENT PARTNERS, LP 0.40% of their portfolio LA JOLLA, CA 12,473,64512.5m $30.9m $30.9m 0.40% Added +3.3m +3,252,251
20 Kiltearn Partners LLP 2.27% of their portfolio Edinburgh, X0 10,168,10010.2m $24.6m $24.6m 2.27% Added +4.3m +4,300,000
21 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,008,54410.0m $24.8m $24.8m 0.00% Reduced -259.2k -259,161
22 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 9,093,1849.1m $22.6m $22.6m 0.03% Added +1.1m +1,114,392
23 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 8,742,9578.7m $21.7m $21.7m 0.01% Added +1.6m +1,608,446
24 CANADA LIFE ASSURANCE Co 0.04% of their portfolio WINNIPEG, A2 8,545,3708.5m $21.3m $21.3m 0.04% Added +423.8k +423,792
25 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 7,312,7827.3m $18.1m $18.1m 0.02% Added +2.3m +2,266,407
26 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 5,652,6965.7m $14.0m $14.0m 0.01% Reduced -86.9k -86,858
27 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 5,410,3655.4m $13.4m $13.4m 0.02% Reduced -3.4m -3,384,079
28 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 5,178,3545.2m $12.8m $12.8m 0.00% Unchanged
29 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 4,954,3645.0m $12.3m $12.3m 0.00% Added +327.7k +327,696
30 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 4,906,6834.9m $12.2m $12.2m 0.00% Reduced -1.9m -1,880,625
31 Oldfield Partners LLP 1.64% of their portfolio LONDON, X0 4,901,9004.9m $12.2m $12.2m 1.64% New
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,783,9664.8m $11.9m $11.9m 0.00% Added +273.1k +273,139
33 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 4,763,2204.8m $11.8m $11.8m 0.00% Unchanged
34 Legal & General Group Plc 0.00% of their portfolio London, X0 3,879,7213.9m $9.6m $9.6m 0.00% Unchanged
35 State of New Jersey Common Pension Fund D 0.03% of their portfolio TRENTON, NJ 3,789,4463.8m $9.4m $9.4m 0.03% Unchanged
36 Euro Pacific Asset Management, LLC 1.69% of their portfolio DORADO, PR 3,385,4473.4m $8.3m $8.3m 1.69% Reduced -96.2k -96,230
37 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 3,337,4523.3m $8.3m $8.3m 0.02% Added +27.5k +27,509
38 FOUNDATION RESOURCE MANAGEMENT INC 1.10% of their portfolio LITTLE ROCK, AR 2,829,6282.8m $7.0m $7.0m 1.10% Added +49.0k +49,003
39 STRS OHIO 0.03% of their portfolio COLUMBUS, OH 2,800,0002.8m $6.9m $6.9m 0.03% New
40 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 2,544,2622.5m $6.3m $6.3m 0.01% Added +88.1k +88,063
41 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 2,507,3542.5m $6.2m $6.2m 0.01% Reduced -227.8k -227,761
42 Ninety One UK Ltd 0.02% of their portfolio London, X0 2,388,5032.4m $5.9m $5.9m 0.02% Reduced -38.4m -38,370,172
43 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,376,8422.4m $5.9m $5.9m 0.00% Added +597.6k +597,614
44 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 2,342,4402.3m $5.8m $5.8m 0.01% Added +1.6m +1,580,000
45 SPX Gestao de Recursos Ltda 0.45% of their portfolio RIO DE JANEIRO, D5 2,091,4002.1m $5.2m $5.2m 0.45% Added +1.6m +1,608,768
46 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,076,5682.1m $5.2m $5.2m 0.00% Added +65.9k +65,856
47 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 2,046,3562.0m $5.1m $5.1m 0.01% Added +129.3k +129,348
48 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 1,959,4452.0m $4.9m $4.9m 0.01% New
49 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 1,879,5911.9m $4.6m $4.6m 0.00% Added +29.9k +29,941
50 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 1,866,4301.9m $4.6m $4.6m 0.01% Added +623.5k +623,521
51 Moran Wealth Management, LLC 0.14% of their portfolio NAPLES, FL 1,800,7921.8m $4.5m $4.5m 0.14% Added +42.7k +42,674
52 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 1,693,9081.7m $4.2m $4.2m 0.00% Added +89.5k +89,491
53 Cubist Systematic Strategies, LLC 0.04% of their portfolio STAMFORD, CT 1,582,8331.6m $3.9m $3.9m 0.04% Added +1.2m +1,201,636
54 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,531,2991.5m $3.8m $3.8m 0.00% Reduced -5.2m -5,203,288
55 SCOTIA CAPITAL INC. 0.02% of their portfolio TORONTO, A6 1,424,1051.4m $3.5m $3.5m 0.02% Added +30.7k +30,708
56 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 1,414,6211.4m $3.5m $3.5m 0.01% Reduced -27.1k -27,125
57 Optiver Holding B.V. 0.14% of their portfolio AMSTERDAM, P7 1,364,9411.4m $3.4m $3.4m 0.14% Added +1.3m +1,279,994
58 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 1,361,1921.4m $3.4m $3.4m 0.01% Reduced -217.3k -217,254
59 OPPENHEIMER & CO INC 0.05% of their portfolio NEW YORK, NY 1,328,6971.3m $3.3m $3.3m 0.05% Added +10.9k +10,948
60 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 1,174,5001.2m $2.9m $2.9m 0.01% Added +28.4k +28,400
61 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.65% of their portfolio BOSTON, MA 1,150,6311.2m $2.9m $2.9m 0.65% Unchanged
62 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,041,4701.0m $2.6m $2.6m 0.00% Reduced -184.0k -183,961
63 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 1,015,4111.0m $2.8m $2.8m 0.01% Reduced -83.3k -83,287
64 BARINGS LLC 0.06% of their portfolio CHARLOTTE, NC 1,006,8321.0m $2.5m $2.5m 0.06% Unchanged
65 Walleye Capital LLC 0.03% of their portfolio NEW YORK, NY 1,000,0001.0m $2.5m $2.5m 0.03% New
66 HOHIMER WEALTH MANAGEMENT, LLC 0.58% of their portfolio SEATTLE, WA 998,348998.3k $2.5m $2.5m 0.58% Reduced -6.5k -6,539
67 EARNEST PARTNERS LLC 0.01% of their portfolio ATLANTA, GA 918,448918.4k $2.3m $2.3m 0.01% Added +41.8k +41,802
68 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 876,595876.6k $2.2m $2.2m 0.00% Added +26.3k +26,274
69 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 868,028868.0k $2.2m $2.2m 0.00% Reduced -344.9k -344,938
70 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 860,538860.5k $2.1m $2.1m 0.01% Added +670.3k +670,317
71 Parallax Volatility Advisers, L.P. 0.06% of their portfolio San Francisco, CA 842,833842.8k $2.1m $2.1m 0.06% New
72 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 808,431808.4k $2.0m $2.0m 0.00% Added +463.9k +463,888
73 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 796,806796.8k $2.0m $2.0m 0.00% Reduced -206.9k -206,923
74 Mraz, Amerine & Associates, Inc. 0.37% of their portfolio Modesto, CA 787,645787.6k $2.0m $2.0m 0.37% Reduced -47.1k -47,078
75 Walleye Trading LLC 0.03% of their portfolio NEW YORK, NY 774,011774.0k $1.9m $1.9m 0.03% New
76 OPPENHEIMER ASSET MANAGEMENT INC. 0.03% of their portfolio NEW YORK, NY 754,359754.4k $1.9m $1.9m 0.03% Reduced -5.5k -5,464
77 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 749,470749.5k $1.9m $1.9m 0.00% Reduced -642.7k -642,676
78 Qtron Investments LLC 0.26% of their portfolio Boston, MA 744,679744.7k $1.8m $1.8m 0.26% Unchanged
79 Banco Santander, S.A. 0.02% of their portfolio Madrid, U3 743,025743.0k $1.8m $1.8m 0.02% Added +158.1k +158,123
80 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 729,107729.1k $1.8m $1.8m 0.00% New
81 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 710,699710.7k $1.8m $1.8m 0.00% Reduced -422.4k -422,436
82 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 704,122704.1k $1.7m $1.7m 0.00% Added +85.0k +85,000
83 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 696,699696.7k $1.7m $1.7m 0.00% Added +99.1k +99,071
84 Banque Cantonale Vaudoise 0.07% of their portfolio LAUSANNE, V8 693,600693.6k $1.7m $1.7m 0.07% Unchanged
85 VPR Management LLC 0.42% of their portfolio HOUSTON, TX 616,839616.8k $1.5m $1.5m 0.42% Unchanged
86 Pacer Advisors, Inc. 0.00% of their portfolio Malvern, PA 593,889593.9k $1.5m $1.5m 0.00% Added +92.1k +92,146
87 STANSBERRY ASSET MANAGEMENT, LLC 0.19% of their portfolio Westlake, TX 574,445574.4k $1.4m $1.4m 0.19% Added +91.3k +91,290
88 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 533,324533.3k $1.3m $1.3m 0.00% Added +484.5k +484,461
89 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 531,126531.1k $1.3m $1.3m 0.00% Added +33.8k +33,793
90 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 484,650484.6k $1.2m $1.2m 0.00% Reduced -4.6k -4,565
91 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 479,797479.8k $1.2m $1.2m 0.00% Reduced -7.9k -7,894
92 Eldred Rock Partners, LLC 0.65% of their portfolio SAN ANTONIO, TX 477,913477.9k $1.2m $1.2m 0.65% Added +18.9k +18,881
93 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 470,540470.5k $1.2m $1.2m 0.00% Reduced -102.6k -102,561
94 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 469,774469.8k $1.2m $1.2m 0.00% Added +28.7k +28,680
95 Itau Unibanco Holding S.A. 0.05% of their portfolio SAO PAULO, D5 463,048463.0k $1.1m $1.1m 0.05% Reduced -1.8m -1,819,493
96 HANTZ FINANCIAL SERVICES, INC. 0.02% of their portfolio SOUTHFIELD, MI 462,644462.6k $1.1m $1.1m 0.02% Added +63.1k +63,087
97 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 460,677460.7k $1.1m $1.1m 0.00% Added +27.0k +27,049
98 Privium Fund Management B.V. 0.30% of their portfolio AMSTERDAM, P7 459,242459.2k $1.1m $1.1m 0.30% Added +101.7k +101,674
99 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 443,427443.4k $1.1m $1.1m 0.00% Added +67.7k +67,741
100 TWO SIGMA SECURITIES, LLC 0.05% of their portfolio NEW YORK, NY 429,463429.5k $1.1m $1.1m 0.05% New