Vault-13

AMBEV SA ABEV

SPONSORED ADR · ADR · CUSIP 02319V103 · ISIN US02319V1035

Brazilian brewing company

365 institutional holders -35 vs Q4 2024
1,237,265,3611.2bn shares reported held*
$2.9bnreported value*
46 new 126 added 127 reduced 78 sold out net sold ≈ $352.8m (-151.4m 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 ($6.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.33. Options: 8 managers hold calls ($6.0m notional), 7 hold puts ($6.6m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 297Q4 22: 315Q1 23: 306Q2 23: 330Q3 23: 342Q4 23: 346Q1 24: 347Q2 24: 356Q3 24: 379Q4 24: 400Q1 25: 365365Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022297
Q4 2022315
Q1 2023306
Q2 2023330
Q3 2023342
Q4 2023346
Q1 2024347
Q2 2024356
Q3 2024379
Q4 2024400
Q1 2025365

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 23: 159 bought or addedQ2 23: 120 cut or sold outQ3 23: 143 bought or addedQ3 23: 144 cut or sold outQ3 23Q4 23: 136 bought or addedQ4 23: 164 cut or sold outQ1 24: 161 bought or addedQ1 24: 149 cut or sold outQ1 24Q2 24: 176 bought or addedQ2 24: 156 cut or sold outQ3 24: 229 bought or addedQ3 24: 119 cut or sold outQ3 24Q4 24: 181 bought or addedQ4 24: 169 cut or sold outQ1 25: 172 bought or addedQ1 25: 205 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023159120
Q3 2023143144
Q4 2023136164
Q1 2024161149
Q2 2024176156
Q3 2024229119
Q4 2024181169
Q1 2025172205

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ2 24 calls: $596.0kQ2 24 puts: $4.0mQ2 24P/C 6.66Q3 24 calls: $5.0mQ3 24 puts: $7.2mQ3 24P/C 1.43Q4 24 calls: $3.6mQ4 24 puts: $4.9mQ4 24P/C 1.36Q1 25 calls: $6.0mQ1 25 puts: $6.6mQ1 25P/C 1.11
Numbers
QuarterCallsPutsP/C
Q2 2024$596.0k$4.0m6.66
Q3 2024$5.0m$7.2m1.43
Q4 2024$3.6m$4.9m1.36
Q1 2025$6.0m$6.6m1.11

Biggest buyers

FIL Ltd Added +123,050,000+123.0m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +36,742,331+36.7m
TWO SIGMA ADVISERS, LP Added +13,991,700+14.0m
Russell Investments Group, Ltd. Added +8,312,561+8.3m
UBS Group AG Added +8,169,347+8.2m
BRANDES INVESTMENT PARTNERS, LP Added +6,187,449+6.2m
RENAISSANCE TECHNOLOGIES LLC Added +5,527,100+5.5m
GREAT LAKES ADVISORS, LLC Added +4,424,987+4.4m
Walleye Capital LLC Added +4,421,534+4.4m
Contrarius Group Holdings Ltd New +4,206,526+4.2m

Biggest sellers

GQG Partners LLC Sold out -196,676,003-196.7m
Harding Loevner LP Reduced -87,780,478-87.8m
Ruffer LLP Sold out -25,776,672-25.8m
MORGAN STANLEY Reduced -14,453,910-14.5m
CANADA LIFE ASSURANCE Co Reduced -7,970,451-8.0m
SPRUCEGROVE INVESTMENT MANAGEMENT LTD Sold out -7,677,698-7.7m
CORDA Investment Management, LLC. Sold out -6,479,555-6.5m
JANE STREET GROUP, LLC Reduced -5,936,660-5.9m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -4,145,140-4.1m
Fisher Asset Management, LLC Reduced -3,881,218-3.9m

Biggest calls

Optiver Holding B.V. Added $4.9m2.1m shares
CITADEL ADVISORS LLC Added $373.5k160.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $304.5k130.7k shares
SIMPLEX TRADING, LLC Reduced $157.0k67.8k shares
JANE STREET GROUP, LLC Reduced $101.8k43.7k shares
WOLVERINE TRADING, LLC Reduced $42.9k18.8k shares
GROUP ONE TRADING LLC Reduced $34.7k14.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Optiver Holding B.V. Added $3.2m1.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.8m781.7k shares
SIMPLEX TRADING, LLC Added $1.0m431.8k shares
GROUP ONE TRADING LLC Added $394.5k169.3k shares
CITADEL ADVISORS LLC Added $113.7k48.8k shares
WOLVERINE TRADING, LLC Added $44.9k19.7k 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 2025

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 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Eagle Investment Management, LLC 1.68% of their portfolio NEW YORK, NY 341,577,145341.6m $795.9m $795.9m 1.68% Added +2.1m +2,052,558
2 FIL Ltd 0.29% of their portfolio HAMILTON, D0 130,300,000130.3m $303.6m $303.6m 0.29% Added +123.0m +123,050,000
3 Westwood Global Investments, LLC 7.39% of their portfolio BOSTON, MA 102,513,831102.5m $238.9m $238.9m 7.39% Added +24.8k +24,838
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.11% of their portfolio BOSTON, MA 55,744,31655.7m $129.9m $129.9m 0.11% Added +36.7m +36,742,331
5 RENAISSANCE TECHNOLOGIES LLC 0.14% of their portfolio NEW YORK, NY 38,725,40038.7m $90.2m $90.2m 0.14% Added +5.5m +5,527,100
6 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 37,532,86637.5m $87.5m $87.5m 0.03% Reduced -4.1m -4,145,140
7 TWO SIGMA ADVISERS, LP 0.16% of their portfolio NEW YORK, NY 30,345,70030.3m $70.7m $70.7m 0.16% Added +14.0m +13,991,700
8 Seafarer Capital Partners, LLC 21.94% of their portfolio CORTE MADERA, CA 29,069,00029.1m $67.7m $67.7m 21.94% Reduced -1.0m -1,000,000
9 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 25,025,88225.0m $58.3m $58.3m 0.01% Reduced -1.1m -1,061,793
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 21,106,39421.1m $49.2m $49.2m 0.00% Reduced -14.5m -14,453,910
11 BRANDES INVESTMENT PARTNERS, LP 0.50% of their portfolio LA JOLLA, CA 20,934,08820.9m $48.8m $48.8m 0.50% Added +6.2m +6,187,449
12 Talaria Asset Management Pty Ltd 12.76% of their portfolio MELBOURNE, C3 20,866,00020.9m $48.6m $48.6m 12.76% Unchanged
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 20,816,22620.8m $48.5m $48.5m 0.00% Added +339.5k +339,471
14 LOOMIS SAYLES & CO L P 0.06% of their portfolio BOSTON, MA 18,272,16418.3m $42.6m $42.6m 0.06% Added +396.9k +396,898
15 Brandywine Global Investment Management, LLC 0.30% of their portfolio PHILADELPHIA, PA 17,595,46317.6m $41.0m $41.0m 0.30% Reduced -1.0m -1,018,747
16 Allspring Global Investments Holdings, LLC 0.07% of their portfolio CHARLOTTE, NC 17,116,18017.1m $40.1m $40.1m 0.07% Reduced -1.4m -1,403,800
17 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 16,703,71116.7m $38.9m $38.9m 0.08% Added +3.5m +3,522,352
18 Russell Investments Group, Ltd. 0.05% of their portfolio Seattle, WA 16,170,38816.2m $37.7m $37.7m 0.05% Added +8.3m +8,312,561
19 PRIVATE MANAGEMENT GROUP INC 1.28% of their portfolio IRVINE, CA 15,439,21615.4m $36.0m $36.0m 1.28% Added +927.0k +926,982
20 UBS Group AG 0.01% of their portfolio ZURICH, V8 14,449,29514.4m $33.7m $33.7m 0.01% Added +8.2m +8,169,347
21 PZENA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 13,839,50213.8m $32.2m $32.2m 0.11% Added +3.9k +3,887
22 RWC Asset Management LLP 1.50% of their portfolio LONDON, X0 12,497,39112.5m $29.1m $29.1m 1.50% Reduced -566.2k -566,165
23 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,399,65611.4m $26.8m $26.8m 0.00% Added +563.3k +563,275
24 Kiltearn Partners LLP 5.05% of their portfolio Edinburgh, X0 11,361,50011.4m $26.5m $26.5m 5.05% Reduced -1.4m -1,396,800
25 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 7,848,9787.8m $18.3m $18.3m 0.00% Added +25.1k +25,121
26 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 7,757,4127.8m $18.1m $18.1m 0.00% Added +1.2m +1,170,397
27 CANADA LIFE ASSURANCE Co 0.03% of their portfolio WINNIPEG, A2 7,669,1617.7m $18.1m $18.1m 0.03% Reduced -8.0m -7,970,451
28 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 6,924,0356.9m $15.8m $15.8m 0.02% Added +1.1m +1,072,145
29 FOUNDATION RESOURCE MANAGEMENT INC 2.50% of their portfolio LITTLE ROCK, AR 6,814,8636.8m $15.9m $15.9m 2.50% Added +12.8k +12,848
30 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 5,710,3645.7m $13.3m $13.3m 0.00% Reduced -330.9k -330,850
31 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 5,416,3055.4m $12.6m $12.6m 0.03% Added +69.9k +69,902
32 Walleye Capital LLC 0.14% of their portfolio NEW YORK, NY 5,242,7025.2m $12.2m $12.2m 0.14% Added +4.4m +4,421,534
33 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 5,000,1075.0m $11.7m $11.7m 0.00% Added +582.2k +582,153
34 GREAT LAKES ADVISORS, LLC 0.10% of their portfolio CHICAGO, IL 4,954,2185.0m $11.5m $11.5m 0.10% Added +4.4m +4,424,987
35 Contrarius Group Holdings Ltd 0.67% of their portfolio Hamilton, D0 4,206,5264.2m $9.8m $9.8m 0.67% New
36 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,176,2774.2m $9.7m $9.7m 0.00% Added +644.9k +644,870
37 Altrius Capital Management Inc 2.30% of their portfolio NEW BERN, NC 4,058,6864.1m $9.5m $9.5m 2.30% Added +475.4k +475,419
38 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 2.28% of their portfolio BOSTON, MA 4,013,6134.0m $9.4m $9.4m 2.28% Unchanged
39 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 3,932,5763.9m $9.2m $9.2m 0.01% Added +992.0k +991,971
40 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,803,6833.8m $8.9m $8.9m 0.00% Added +1.9m +1,887,987
41 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 3,660,6903.7m $8.5m $8.5m 0.01% Reduced -76.6k -76,627
42 Eldred Rock Partners, LLC 2.51% of their portfolio SAN ANTONIO, TX 3,547,8203.5m $8.2m $8.2m 2.51% Added +876.7k +876,661
43 Foresight Global Investors, Inc. 5.78% of their portfolio PURCHASE, NY 3,528,0503.5m $8.2m $8.2m 5.78% Unchanged
44 Legal & General Group Plc 0.00% of their portfolio London, X0 3,344,1223.3m $7.8m $7.8m 0.00% Reduced -8.5k -8,486
45 Ranmore Fund Management Ltd 4.62% of their portfolio COBHAM, X0 3,314,0003.3m $7.7m $7.7m 4.62% Reduced -800.0k -800,000
46 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 3,223,8113.2m $7.5m $7.5m 0.01% Added +2.8m +2,752,007
47 Euro Pacific Asset Management, LLC 1.36% of their portfolio DORADO, PR 3,194,2633.2m $7.5m $7.5m 1.36% Reduced -27.9k -27,862
48 Ninety One UK Ltd 0.02% of their portfolio London, X0 3,091,4843.1m $7.2m $7.2m 0.02% Unchanged
49 STRS OHIO 0.03% of their portfolio COLUMBUS, OH 3,061,3003.1m $7.1m $7.1m 0.03% Added +98.5k +98,500
50 Perpetual Ltd 0.08% of their portfolio SYDNEY, NEW SOUTH WALES, C3 2,981,0683.0m $6.9m $6.9m 0.08% Reduced -153.9k -153,872
51 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 2,965,4813.0m $6.9m $6.9m 0.00% Reduced -2.7m -2,737,236
52 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 2,878,3912.9m $6.7m $6.7m 0.01% Reduced -256.2k -256,177
53 Oldfield Partners LLP 1.79% of their portfolio LONDON, X0 2,634,8002.6m $6.1m $6.1m 1.79% Reduced -728.5k -728,500
54 SPX Gestao de Recursos Ltda 0.77% of their portfolio RIO DE JANEIRO, D5 2,564,3742.6m $6.0m $6.0m 0.77% Reduced -405.3k -405,326
55 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 2,455,1252.5m $5.7m $5.7m 0.00% Added +222.8k +222,768
56 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 2,399,4722.4m $5.6m $5.6m 0.01% Added +922.6k +922,566
57 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,340,5712.3m $5.5m $5.5m 0.00% Reduced -708.3k -708,283
58 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 2,080,8382.1m $4.8m $4.8m 0.00% Added +176.7k +176,683
59 Capitolis Liquid Global Markets LLC 0.04% of their portfolio NEW YORK, NY 2,008,2002.0m $4.7m $4.7m 0.04% New
60 Aquatic Capital Management LLC 0.12% of their portfolio CHICAGO, IL 1,948,4711.9m $4.5m $4.5m 0.12% Added +805.3k +805,315
61 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 1,908,7091.9m $4.5m $4.5m 0.00% Reduced -52.7k -52,705
62 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 1,876,6351.9m $4.4m $4.4m 0.00% Reduced -1.3m -1,287,321
63 Moran Wealth Management, LLC 0.15% of their portfolio NAPLES, FL 1,863,3261.9m $4.3m $4.3m 0.15% Added +157.8k +157,817
64 MERITAGE PORTFOLIO MANAGEMENT 0.27% of their portfolio OVERLAND PARK, KS 1,751,8831.8m $4.1m $4.1m 0.27% Reduced -43.6k -43,644
65 SSA SWISS ADVISORS AG 1.94% of their portfolio ZURICH, V8 1,675,9961.7m $3.8m $3.8m 1.94% First filing
66 Optiver Holding B.V. 0.14% of their portfolio AMSTERDAM, P7 1,585,5881.6m $3.7m $3.7m 0.14% Added +900.1k +900,082
67 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 1,437,6011.4m $3.3m $3.3m 0.00% New
68 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 1,301,8891.3m $3.0m $3.0m 0.01% Reduced -292.0k -292,011
69 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 1,199,4841.2m $2.8m $2.8m 0.01% Reduced -423.6k -423,598
70 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 1,085,5001.1m $2.5m $2.5m 0.00% Unchanged
71 Cook & Bynum Capital Management, LLC 1.96% of their portfolio Birmingham, AL 1,078,4951.1m $2.5m $2.5m 1.96% New
72 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 956,263956.3k $2.2m $2.2m 0.01% Reduced -150.0k -150,024
73 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 938,410938.4k $2.2m $2.2m 0.00% Reduced -3.9m -3,881,218
74 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 912,956913.0k $2.5m $2.5m 0.01% Reduced -148 -148
75 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 874,548874.5k $2.0m $2.0m 0.00% Added +66.3k +66,344
76 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 849,733849.7k $2.0m $2.0m 0.00% Reduced -11.5k -11,542
77 EXCHANGE TRADED CONCEPTS, LLC 0.03% of their portfolio Oklahoma City, OK 838,883838.9k $2.0m $2.0m 0.03% Added +822.4k +822,399
78 HANTZ FINANCIAL SERVICES, INC. 0.03% of their portfolio SOUTHFIELD, MI 836,536836.5k $1.9m $1.9m 0.03% Added +55.8k +55,764
79 BARINGS LLC 0.05% of their portfolio CHARLOTTE, NC 812,481812.5k $1.9m $1.9m 0.05% Unchanged
80 Privium Fund Management B.V. 0.49% of their portfolio AMSTERDAM, P7 804,206804.2k $1.9m $1.9m 0.49% Added +151.8k +151,849
81 Banco Santander, S.A. 0.02% of their portfolio Madrid, U3 795,891795.9k $1.9m $1.9m 0.02% Reduced -82.9k -82,908
82 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 787,785787.8k $1.8m $1.8m 0.00% Reduced -22.6k -22,594
83 Pacer Advisors, Inc. 0.00% of their portfolio Malvern, PA 775,312775.3k $1.8m $1.8m 0.00% Reduced -75.0k -74,977
84 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 739,246739.2k $1.7m $1.7m 0.01% Added +710.8k +710,842
85 EARNEST PARTNERS LLC 0.01% of their portfolio ATLANTA, GA 734,507734.5k $1.7m $1.7m 0.01% Added +477 +477
86 Banque Cantonale Vaudoise 0.07% of their portfolio LAUSANNE, V8 693,600693.6k $1.6m $1.6m 0.07% First filing
87 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 690,689690.7k $1.6m $1.6m 0.00% New
88 Mraz, Amerine & Associates, Inc. 0.27% of their portfolio Modesto, CA 687,671687.7k $1.6m $1.6m 0.27% Reduced -5.4k -5,358
89 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 672,906672.9k $1.6m $1.6m 0.00% Added +31.2k +31,199
90 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 672,843672.8k $1.6m $1.6m 0.00% Reduced -1.3m -1,332,771
91 STANSBERRY ASSET MANAGEMENT, LLC 0.18% of their portfolio Westlake, TX 647,597647.6k $1.5m $1.5m 0.18% Added +2.9k +2,939
92 VPR Management LLC 0.70% of their portfolio HOUSTON, TX 616,839616.8k $1.4m $1.4m 0.70% Unchanged
93 Ethic Inc. 0.03% of their portfolio NEW YORK, NY 598,982599.0k $1.4m $1.4m 0.03% Added +547.3k +547,323
94 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 571,653571.7k $1.3m $1.3m 0.00% Reduced -14.6k -14,558
95 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 565,528565.5k $1.3m $1.3m 0.00% Reduced -170.2k -170,200
96 FMR LLC 0.00% of their portfolio BOSTON, MA 560,709560.7k $1.3m $1.3m 0.00% Added +513.7k +513,722
97 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 550,563550.6k $1.3m $1.3m 0.00% Reduced -287.7k -287,739
98 Virtus Family Office LLC 1.44% of their portfolio EL PASO, TX 477,591477.6k $1.1m $1.1m 1.44% Added +21.4k +21,443
99 XTX Topco Ltd 0.05% of their portfolio LONDON, X0 440,428440.4k $1.0m $1.0m 0.05% New
100 Schechter Investment Advisors, LLC 0.08% of their portfolio BIRMINGHAM, MI 434,671434.7k $1.0m $1.0m 0.08% Reduced -36.6k -36,622