Vault-13

AMBEV SA ABEV

SPONSORED ADR · ADR · CUSIP 02319V103 · ISIN US02319V1035

Brazilian brewing company

356 institutional holders +9 vs Q1 2024
1,233,603,0541.2bn shares reported held*
$2.5bnreported value*
48 new 128 added 116 reduced 40 sold out net sold ≈ $158.0m (-77.2m 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 ($4.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.05. Options: 7 managers hold calls ($596.0k notional), 8 hold puts ($4.0m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 297Q4 22: 315Q1 23: 306Q2 23: 330Q3 23: 342Q4 23: 346Q1 24: 347Q2 24: 356356Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022297
Q4 2022315
Q1 2023306
Q2 2023330
Q3 2023342
Q4 2023346
Q1 2024347
Q2 2024356

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 outQ2 23: 159 bought or addedQ2 23: 120 cut or sold outQ2 23Q3 23: 143 bought or addedQ3 23: 144 cut or sold outQ4 23: 136 bought or addedQ4 23: 164 cut or sold outQ4 23Q1 24: 161 bought or addedQ1 24: 149 cut or sold outQ2 24: 176 bought or addedQ2 24: 156 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022135148
Q1 2023150146
Q2 2023159120
Q3 2023143144
Q4 2023136164
Q1 2024161149
Q2 2024176156

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 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 26.82Q2 24 calls: $596.0kQ2 24 puts: $4.0mQ2 24P/C 6.66
Numbers
QuarterCallsPutsP/C
Q3 2023$5.9m$21.9m3.69
Q4 2023$3.4m$3.5m1.04
Q1 2024$1.1m$29.2m26.82
Q2 2024$596.0k$4.0m6.66

Biggest buyers

Brandywine Global Investment Management, LLC New +16,598,750+16.6m
Russell Investments Group, Ltd. Added +9,919,984+9.9m
PRIVATE MANAGEMENT GROUP INC New +9,340,910+9.3m
Harding Loevner LP Added +9,082,936+9.1m
Allspring Global Investments Holdings, LLC Added +7,570,842+7.6m
RENAISSANCE TECHNOLOGIES LLC Added +7,412,395+7.4m
MARSHALL WACE, LLP Added +6,364,592+6.4m
Kiltearn Partners LLP Added +4,407,800+4.4m
Sagil Capital LLP New +4,274,170+4.3m
PZENA INVESTMENT MANAGEMENT LLC Added +4,179,978+4.2m

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -79,523,447-79.5m
JPMORGAN CHASE & CO Reduced -60,227,368-60.2m
BANK OF AMERICA CORP /DE/ Reduced -13,494,717-13.5m
MORGAN STANLEY Reduced -10,433,936-10.4m
CITIGROUP INC Reduced -9,739,298-9.7m
BlackRock Inc. Reduced -5,029,139-5.0m
State of New Jersey Common Pension Fund D Sold out -3,789,446-3.8m
First Eagle Investment Management, LLC Reduced -2,563,973-2.6m
Ruffer LLP Reduced -2,057,734-2.1m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -1,678,336-1.7m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $201.7k98.4k shares
SIMPLEX TRADING, LLC Added $138.0k67.5k shares
GROUP ONE TRADING LLC Reduced $121.4k59.2k shares
Optiver Holding B.V. Added $60.1k29.3k shares
WOLVERINE TRADING, LLC Added $53.9k26.3k shares
CITADEL ADVISORS LLC Reduced $20.9k10.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Optiver Holding B.V. Reduced $1.9m919.0k shares
Walleye Trading LLC Reduced $819.4k399.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $776.1k378.6k shares
GROUP ONE TRADING LLC Reduced $208.7k101.8k shares
Genus Capital Management Inc. New $135.3k66.0k shares
SIMPLEX TRADING, LLC Added $91.0k44.8k shares
CITADEL ADVISORS LLC Reduced $53.7k26.2k 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 Q2 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 Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Eagle Investment Management, LLC 1.44% of their portfolio NEW YORK, NY 310,141,464310.1m $635.8m $635.8m 1.44% Reduced -2.6m -2,563,973
2 Harding Loevner LP 1.31% of their portfolio Bridgewater, NJ 115,337,809115.3m $236.4m $236.4m 1.31% Added +9.1m +9,082,936
3 Westwood Global Investments, LLC 10.35% of their portfolio BOSTON, MA 101,346,110101.3m $207.8m $207.8m 10.35% Reduced -820.6k -820,557
4 SPRUCEGROVE INVESTMENT MANAGEMENT LTD 7.47% of their portfolio TORONTO, A6 70,289,97270.3m $144.1m $144.1m 7.47% Reduced -149.6k -149,600
5 Perpetual Ltd 1.42% of their portfolio SYDNEY, NEW SOUTH WALES, C3 63,634,27363.6m $130.5m $130.5m 1.42% Reduced -1.4m -1,369,649
6 BlackRock Inc. 0.00% of their portfolio New York, NY 51,130,30951.1m $104.8m $104.8m 0.00% Reduced -5.0m -5,029,139
7 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 42,678,65542.7m $87.5m $87.5m 0.03% Added +65.7k +65,746
8 Ruffer LLP 3.58% of their portfolio LONDON, X0 40,805,15840.8m $83.4m $83.4m 3.58% Reduced -2.1m -2,057,734
9 RENAISSANCE TECHNOLOGIES LLC 0.12% of their portfolio NEW YORK, NY 34,133,00034.1m $70.0m $70.0m 0.12% Added +7.4m +7,412,395
10 Seafarer Capital Partners, LLC 19.80% of their portfolio CORTE MADERA, CA 28,299,00028.3m $58.0m $58.0m 19.80% Added +3.1m +3,100,000
11 LOOMIS SAYLES & CO L P 0.05% of their portfolio BOSTON, MA 18,891,10518.9m $38.7m $38.7m 0.05% Reduced -382.2k -382,164
12 PZENA INVESTMENT MANAGEMENT LLC 0.13% of their portfolio NEW YORK, NY 18,385,31218.4m $37.7m $37.7m 0.13% Added +4.2m +4,179,978
13 Brandywine Global Investment Management, LLC 0.25% of their portfolio PHILADELPHIA, PA 16,598,75016.6m $34.0m $34.0m 0.25% New
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 16,005,49316.0m $32.8m $32.8m 0.00% Reduced -10.4m -10,433,936
15 BRANDES INVESTMENT PARTNERS, LP 0.39% of their portfolio LA JOLLA, CA 15,456,26615.5m $32.0m $32.0m 0.39% Added +3.0m +2,982,621
16 Kiltearn Partners LLP 3.62% of their portfolio Edinburgh, X0 14,575,90014.6m $29.9m $29.9m 3.62% Added +4.4m +4,407,800
17 RWC Asset Management LLP 1.82% of their portfolio LONDON, X0 12,625,41112.6m $25.9m $25.9m 1.82% Added +52.5k +52,546
18 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 10,158,40910.2m $20.8m $20.8m 0.03% Added +1.1m +1,065,225
19 Russell Investments Group, Ltd. 0.03% of their portfolio Seattle, WA 10,081,20510.1m $20.7m $20.7m 0.03% Added +9.9m +9,919,984
20 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 9,913,2829.9m $20.3m $20.3m 0.03% Added +7.6m +7,570,842
21 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,546,4749.5m $19.6m $19.6m 0.00% Reduced -462.1k -462,070
22 PRIVATE MANAGEMENT GROUP INC 0.74% of their portfolio IRVINE, CA 9,340,9109.3m $19.1m $19.1m 0.74% New
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,995,0559.0m $18.4m $18.4m 0.00% Reduced -13.5m -13,494,717
24 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 8,445,7188.4m $17.3m $17.3m 0.01% Added +1.1m +1,132,936
25 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 8,324,0378.3m $17.1m $17.1m 0.02% Added +6.4m +6,364,592
26 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 8,144,5208.1m $16.7m $16.7m 0.00% Reduced -598.4k -598,437
27 CANADA LIFE ASSURANCE Co 0.03% of their portfolio WINNIPEG, A2 7,559,5247.6m $15.5m $15.5m 0.03% Reduced -985.8k -985,846
28 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 7,069,6467.1m $14.5m $14.5m 0.00% Added +2.2m +2,162,963
29 FOUNDATION RESOURCE MANAGEMENT INC 2.24% of their portfolio LITTLE ROCK, AR 6,833,0616.8m $14.0m $14.0m 2.24% Added +4.0m +4,003,433
30 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 6,515,0286.5m $13.4m $13.4m 0.01% Reduced -9.7m -9,739,298
31 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,985,4666.0m $12.3m $12.3m 0.00% Added +1.2m +1,201,500
32 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 5,573,1485.6m $11.4m $11.4m 0.00% Reduced -79.5k -79,548
33 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 5,274,4005.3m $10.8m $10.8m 0.02% Added +4.1m +4,099,900
34 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 5,129,8495.1m $10.5m $10.5m 0.00% Added +175.5k +175,485
35 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 5,023,6565.0m $10.3m $10.3m 0.00% Reduced -154.7k -154,698
36 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 4,409,7204.4m $9.0m $9.0m 0.00% Reduced -353.5k -353,500
37 Sagil Capital LLP 7.70% of their portfolio LONDON, X0 4,274,1704.3m $8.8m $8.8m 7.70% New
38 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 2.07% of their portfolio BOSTON, MA 4,013,6134.0m $8.2m $8.2m 2.07% Added +2.9m +2,862,982
39 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 3,902,8053.9m $8.0m $8.0m 0.02% Added +565.4k +565,353
40 Legal & General Group Plc 0.00% of their portfolio London, X0 3,833,2283.8m $7.8m $7.8m 0.00% Reduced -46.5k -46,493
41 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 3,732,0293.7m $7.7m $7.7m 0.01% Reduced -1.7m -1,678,336
42 Oldfield Partners LLP 1.39% of their portfolio LONDON, X0 3,599,0003.6m $7.4m $7.4m 1.39% Reduced -1.3m -1,302,900
43 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,475,2183.5m $7.1m $7.1m 0.00% Added +1.1m +1,098,376
44 Euro Pacific Asset Management, LLC 1.37% of their portfolio DORADO, PR 3,348,7033.3m $6.9m $6.9m 1.37% Reduced -36.7k -36,744
45 Ninety One UK Ltd 0.02% of their portfolio London, X0 3,325,2273.3m $6.8m $6.8m 0.02% Added +936.7k +936,724
46 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 3,306,7583.3m $6.8m $6.8m 0.01% Added +1.3m +1,260,402
47 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 3,048,7423.0m $6.2m $6.2m 0.01% Added +2.3m +2,319,635
48 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 2,916,6822.9m $6.0m $6.0m 0.01% Added +409.3k +409,328
49 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 2,812,4342.8m $5.8m $5.8m 0.01% Added +2.7m +2,747,534
50 STRS OHIO 0.02% of their portfolio COLUMBUS, OH 2,800,0002.8m $5.7m $5.7m 0.02% Unchanged
51 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 2,765,8282.8m $5.7m $5.7m 0.02% Added +899.4k +899,398
52 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,470,7062.5m $5.1m $5.1m 0.00% Added +394.1k +394,138
53 Cubist Systematic Strategies, LLC 0.08% of their portfolio STAMFORD, CT 2,385,3062.4m $4.9m $4.9m 0.08% Added +802.5k +802,473
54 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 2,224,1382.2m $4.6m $4.6m 0.01% New
55 Orbis Allan Gray Ltd 0.03% of their portfolio HamiltoN, D0 2,105,9392.1m $4.3m $4.3m 0.03% New
56 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,079,9402.1m $4.3m $4.3m 0.00% Reduced -79.5m -79,523,447
57 SCOTIA CAPITAL INC. 0.02% of their portfolio TORONTO, A6 1,995,8782.0m $4.1m $4.1m 0.02% Added +571.8k +571,773
58 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 1,872,1211.9m $3.8m $3.8m 0.00% Reduced -7.5k -7,470
59 Moran Wealth Management, LLC 0.12% of their portfolio NAPLES, FL 1,833,1701.8m $3.8m $3.8m 0.12% Added +32.4k +32,378
60 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 1,805,3281.8m $3.7m $3.7m 0.00% Added +1.1m +1,094,629
61 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 1,798,5591.8m $3.7m $3.7m 0.00% Added +104.7k +104,651
62 SPX Gestao de Recursos Ltda 0.55% of their portfolio RIO DE JANEIRO, D5 1,754,2701.8m $3.6m $3.6m 0.55% Reduced -337.1k -337,130
63 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 1,581,7231.6m $3.2m $3.2m 0.00% Reduced -962.5k -962,539
64 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,546,8541.5m $3.2m $3.2m 0.00% Added +15.6k +15,555
65 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 1,459,4671.5m $3.0m $3.0m 0.00% New
66 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 1,349,9601.3m $2.8m $2.8m 0.01% Reduced -11.2k -11,232
67 Eldred Rock Partners, LLC 1.05% of their portfolio SAN ANTONIO, TX 1,227,4591.2m $2.5m $2.5m 1.05% Added +749.5k +749,546
68 Banco Santander, S.A. 0.03% of their portfolio Madrid, U3 1,163,5141.2m $2.4m $2.4m 0.03% Added +420.5k +420,489
69 Employees Retirement System of Texas 0.02% of their portfolio AUSTIN, TX 1,082,0501.1m $2.2m $2.2m 0.02% New
70 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 951,035951.0k $2.6m $2.6m 0.01% Reduced -64.4k -64,376
71 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 947,932947.9k $1.9m $1.9m 0.00% Added +198.5k +198,462
72 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 940,194940.2k $1.9m $1.9m 0.00% Reduced -474.4k -474,427
73 Pacer Advisors, Inc. 0.00% of their portfolio Malvern, PA 909,529909.5k $1.9m $1.9m 0.00% Added +315.6k +315,640
74 EARNEST PARTNERS LLC 0.01% of their portfolio ATLANTA, GA 878,803878.8k $1.8m $1.8m 0.01% Reduced -39.6k -39,645
75 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 848,428848.4k $1.7m $1.7m 0.00% Reduced -19.6k -19,600
76 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 835,457835.5k $1.7m $1.7m 0.03% Reduced -493.2k -493,240
77 BARINGS LLC 0.04% of their portfolio CHARLOTTE, NC 812,481812.5k $1.7m $1.7m 0.04% Reduced -194.4k -194,351
78 OPPENHEIMER ASSET MANAGEMENT INC. 0.02% of their portfolio NEW YORK, NY 809,018809.0k $1.7m $1.7m 0.02% Added +54.7k +54,659
79 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 782,446782.4k $1.6m $1.6m 0.00% Added +85.7k +85,747
80 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 772,999773.0k $1.6m $1.6m 0.00% Reduced -23.8k -23,807
81 Assenagon Asset Management S.A. 0.00% of their portfolio SENNINGERBERG, N4 768,419768.4k $1.6m $1.6m 0.00% Added +581.9k +581,880
82 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 762,194762.2k $1.6m $1.6m 0.00% Reduced -46.2k -46,237
83 Mraz, Amerine & Associates, Inc. 0.32% of their portfolio Modesto, CA 760,394760.4k $1.6m $1.6m 0.32% Reduced -27.3k -27,251
84 Quantbot Technologies LP 0.07% of their portfolio NEW YORK, NY 753,466753.5k $1.5m $1.5m 0.07% Added +590.5k +590,525
85 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 728,195728.2k $1.5m $1.5m 0.00% Reduced -313.3k -313,275
86 Banque Cantonale Vaudoise 0.06% of their portfolio LAUSANNE, V8 693,600693.6k $1.4m $1.4m 0.06% Unchanged
87 Headlands Technologies LLC 0.15% of their portfolio CHICAGO, IL 688,255688.3k $1.4m $1.4m 0.15% Added +601.3k +601,299
88 HANTZ FINANCIAL SERVICES, INC. 0.03% of their portfolio SOUTHFIELD, MI 687,486687.5k $1.4m $1.4m 0.03% Added +224.8k +224,842
89 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 668,182668.2k $1.4m $1.4m 0.00% Added +197.6k +197,642
90 Privium Fund Management B.V. 0.33% of their portfolio AMSTERDAM, P7 635,914635.9k $1.3m $1.3m 0.33% Added +176.7k +176,672
91 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.01% of their portfolio Madrid, U3 634,000634.0k $1.3m $1.3m 0.01% Added +539.6k +539,600
92 VPR Management LLC 0.47% of their portfolio HOUSTON, TX 616,839616.8k $1.3m $1.3m 0.47% Unchanged
93 STANSBERRY ASSET MANAGEMENT, LLC 0.17% of their portfolio Westlake, TX 613,874613.9k $1.3m $1.3m 0.17% Added +39.4k +39,429
94 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 607,334607.3k $1.2m $1.2m 0.00% Added +528.4k +528,422
95 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 567,883567.9k $1.2m $1.2m 0.00% Added +36.8k +36,757
96 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 555,617555.6k $1.1m $1.1m 0.00% Added +112.2k +112,190
97 GSG Advisors LLC 0.36% of their portfolio MOUNT LAUREL, NJ 497,718497.7k $1.0m $1.0m 0.36% Added +437.9k +437,922
98 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 492,978493.0k $1.0m $1.0m 0.00% Reduced -40.3k -40,346
99 GREAT LAKES ADVISORS, LLC 0.01% of their portfolio CHICAGO, IL 485,719485.7k $995.7k $995.7k 0.01% Added +421.8k +421,811
100 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 474,436474.4k $972.6k $972.6k 0.00% Reduced -10.2k -10,214