Vault-13

AMBEV SA ABEV

SPONSORED ADR · ADR · CUSIP 02319V103 · ISIN US02319V1035

Brazilian brewing company

358 institutional holders -7 vs Q1 2025
1,233,664,5471.2bn shares reported held*
$3.0bnreported value*
39 new 144 added 102 reduced 43 sold out net sold ≈ $5.6m (-901.5k 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 ($11.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.41. Options: 8 managers hold calls ($7.7m notional), 6 hold puts ($13.3m).

Trends to Q2 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: 365Q2 25: 358358Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025358

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 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 24Q3 24: 229 bought or addedQ3 24: 119 cut or sold outQ4 24: 181 bought or addedQ4 24: 169 cut or sold outQ4 24Q1 25: 172 bought or addedQ1 25: 205 cut or sold outQ2 25: 183 bought or addedQ2 25: 145 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023143144
Q4 2023136164
Q1 2024161149
Q2 2024176156
Q3 2024229119
Q4 2024181169
Q1 2025172205
Q2 2025183145

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 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 1.11Q2 25 calls: $7.7mQ2 25 puts: $13.3mQ2 25P/C 1.73
Numbers
QuarterCallsPutsP/C
Q3 2024$5.0m$7.2m1.43
Q4 2024$3.6m$4.9m1.36
Q1 2025$6.0m$6.6m1.11
Q2 2025$7.7m$13.3m1.73

Biggest buyers

GQG Partners LLC New +150,859,260+150.9m
MORGAN STANLEY Added +6,916,090+6.9m
D. E. Shaw & Co., Inc. Added +6,301,204+6.3m
CANADA LIFE ASSURANCE Co Added +5,740,155+5.7m
RENAISSANCE TECHNOLOGIES LLC Added +4,824,400+4.8m
Euro Pacific Asset Management, LLC Added +3,119,371+3.1m
MARSHALL WACE, LLP Added +2,770,698+2.8m
GREAT LAKES ADVISORS, LLC Added +2,730,393+2.7m
ROYAL BANK OF CANADA Added +2,588,455+2.6m
BANK OF AMERICA CORP /DE/ Added +2,479,310+2.5m

Biggest sellers

FIL Ltd Reduced -127,300,000-127.3m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -13,190,388-13.2m
TWO SIGMA ADVISERS, LP Reduced -9,404,400-9.4m
TWO SIGMA INVESTMENTS, LP Reduced -7,088,615-7.1m
Talaria Asset Management Pty Ltd Reduced -6,771,100-6.8m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -5,339,334-5.3m
Walleye Capital LLC Sold out -5,242,702-5.2m
Contrarius Group Holdings Ltd Sold out -4,206,526-4.2m
PZENA INVESTMENT MANAGEMENT LLC Reduced -3,524,497-3.5m
Ranmore Fund Management Ltd Sold out -3,314,000-3.3m

Biggest calls

Optiver Holding B.V. Added $5.8m2.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.1m436.2k shares
CITADEL ADVISORS LLC Added $434.5k180.3k shares
SIMPLEX TRADING, LLC Unchanged $163.0k67.8k shares
JANE STREET GROUP, LLC Added $130.1k54.0k shares
GROUP ONE TRADING LLC Added $89.4k37.1k shares
WOLVERINE TRADING, LLC Reduced $42.0k17.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.3m2.2m shares
Optiver Holding B.V. Added $4.6m1.9m shares
GROUP ONE TRADING LLC Added $2.0m821.0k shares
SIMPLEX TRADING, LLC Reduced $1.0m422.3k shares
JANE STREET GROUP, LLC New $399.6k165.8k 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 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 Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Eagle Investment Management, LLC 1.63% of their portfolio NEW YORK, NY 338,661,869338.7m $816.2m $816.2m 1.63% Reduced -2.9m -2,915,276
2 GQG Partners LLC 0.52% of their portfolio FT. LAUDERDALE, FL 150,859,260150.9m $363.6m $363.6m 0.52% New
3 Westwood Global Investments, LLC 6.81% of their portfolio BOSTON, MA 104,826,860104.8m $252.6m $252.6m 6.81% Added +2.3m +2,313,029
4 RENAISSANCE TECHNOLOGIES LLC 0.14% of their portfolio NEW YORK, NY 43,549,80043.5m $105.0m $105.0m 0.14% Added +4.8m +4,824,400
5 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio BOSTON, MA 42,553,92842.6m $102.6m $102.6m 0.07% Reduced -13.2m -13,190,388
6 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio Boston, MA 32,193,53232.2m $77.6m $77.6m 0.02% Reduced -5.3m -5,339,334
7 Seafarer Capital Partners, LLC 19.13% of their portfolio CORTE MADERA, CA 29,069,00029.1m $70.1m $70.1m 19.13% Unchanged
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 28,022,48428.0m $67.5m $67.5m 0.00% Added +6.9m +6,916,090
9 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 27,505,19227.5m $66.3m $66.3m 0.01% Added +2.5m +2,479,310
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 22,778,96922.8m $54.9m $54.9m 0.00% Added +2.0m +1,962,743
11 TWO SIGMA ADVISERS, LP 0.10% of their portfolio NEW YORK, NY 20,941,30020.9m $50.5m $50.5m 0.10% Reduced -9.4m -9,404,400
12 BRANDES INVESTMENT PARTNERS, LP 0.45% of their portfolio LA JOLLA, CA 20,606,92820.6m $49.7m $49.7m 0.45% Reduced -327.2k -327,160
13 LOOMIS SAYLES & CO L P 0.05% of their portfolio BOSTON, MA 18,092,23418.1m $43.6m $43.6m 0.05% Reduced -179.9k -179,930
14 Brandywine Global Investment Management, LLC 0.29% of their portfolio PHILADELPHIA, PA 17,187,22117.2m $41.4m $41.4m 0.29% Reduced -408.2k -408,242
15 PRIVATE MANAGEMENT GROUP INC 1.20% of their portfolio IRVINE, CA 15,377,50415.4m $37.1m $37.1m 1.20% Reduced -61.7k -61,712
16 Allspring Global Investments Holdings, LLC 0.06% of their portfolio CHARLOTTE, NC 14,615,50714.6m $35.4m $35.4m 0.06% Reduced -2.5m -2,500,673
17 Russell Investments Group, Ltd. 0.04% of their portfolio Seattle, WA 14,580,52114.6m $35.1m $35.1m 0.04% Reduced -1.6m -1,589,867
18 Talaria Asset Management Pty Ltd 8.02% of their portfolio MELBOURNE, C3 14,094,90014.1m $34.0m $34.0m 8.02% Reduced -6.8m -6,771,100
19 CANADA LIFE ASSURANCE Co 0.05% of their portfolio WINNIPEG, A2 13,409,31613.4m $32.6m $32.6m 0.05% Added +5.7m +5,740,155
20 RWC Asset Management LLP 1.50% of their portfolio LONDON, X0 11,829,28211.8m $28.5m $28.5m 1.50% Reduced -668.1k -668,109
21 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,724,63111.7m $28.5m $28.5m 0.00% Added +325.0k +324,975
22 UBS Group AG 0.01% of their portfolio ZURICH, V8 11,586,72011.6m $27.9m $27.9m 0.01% Reduced -2.9m -2,862,575
23 Kiltearn Partners LLP 5.07% of their portfolio Edinburgh, X0 10,455,70010.5m $25.2m $25.2m 5.07% Reduced -905.8k -905,800
24 PZENA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 10,315,00510.3m $24.9m $24.9m 0.08% Reduced -3.5m -3,524,497
25 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 9,615,0969.6m $23.2m $23.2m 0.04% Reduced -7.1m -7,088,615
26 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 9,525,0159.5m $23.0m $23.0m 0.02% Added +6.3m +6,301,204
27 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 8,342,7898.3m $20.1m $20.1m 0.00% Added +493.8k +493,811
28 GREAT LAKES ADVISORS, LLC 0.16% of their portfolio CHICAGO, IL 7,684,6117.7m $18.5m $18.5m 0.16% Added +2.7m +2,730,393
29 FOUNDATION RESOURCE MANAGEMENT INC 2.54% of their portfolio LITTLE ROCK, AR 6,826,3476.8m $16.5m $16.5m 2.54% Added +11.5k +11,484
30 Euro Pacific Asset Management, LLC 1.10% of their portfolio DORADO, PR 6,313,6346.3m $11.8m $11.8m 1.10% Added +3.1m +3,119,371
31 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 6,095,2216.1m $14.7m $14.7m 0.01% Reduced -828.8k -828,814
32 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 5,711,6475.7m $13.8m $13.8m 0.00% Added +1.3k +1,283
33 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 5,485,1065.5m $13.2m $13.2m 0.03% Added +68.8k +68,801
34 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 5,008,0625.0m $12.1m $12.1m 0.00% Reduced -2.7m -2,749,350
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,929,0264.9m $11.9m $11.9m 0.00% Added +2.6m +2,588,455
36 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 4,687,0764.7m $11.3m $11.3m 0.01% Added +754.5k +754,500
37 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,373,8854.4m $10.5m $10.5m 0.00% Added +197.6k +197,608
38 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 4,208,2994.2m $10.1m $10.1m 0.01% Added +2.8m +2,770,698
39 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,083,7974.1m $9.8m $9.8m 0.00% Reduced -916.3k -916,310
40 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,978,0854.0m $9.6m $9.6m 0.00% Added +174.4k +174,402
41 Altrius Capital Management Inc 2.24% of their portfolio NEW BERN, NC 3,973,7164.0m $9.6m $9.6m 2.24% Reduced -85.0k -84,970
42 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 3,687,6143.7m $8.9m $8.9m 0.01% Added +26.9k +26,924
43 Eldred Rock Partners, LLC 2.60% of their portfolio SAN ANTONIO, TX 3,549,8573.5m $8.6m $8.6m 2.60% Added +2.0k +2,037
44 Legal & General Group Plc 0.00% of their portfolio London, X0 3,344,1223.3m $8.0m $8.0m 0.00% Unchanged
45 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 3,178,8603.2m $7.7m $7.7m 0.00% Added +213.4k +213,379
46 Foresight Global Investors, Inc. 5.27% of their portfolio PURCHASE, NY 3,077,3653.1m $7.4m $7.4m 5.27% Reduced -450.7k -450,685
47 STRS OHIO 0.03% of their portfolio COLUMBUS, OH 3,061,3003.1m $7.4m $7.4m 0.03% Unchanged
48 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 3,013,7843.0m $7.3m $7.3m 0.00% Added +558.7k +558,659
49 FIL Ltd 0.01% of their portfolio HAMILTON, D0 3,000,0003.0m $7.2m $7.2m 0.01% Reduced -127.3m -127,300,000
50 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 2,960,1643.0m $7.1m $7.1m 0.01% Added +560.7k +560,692
51 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 2,927,7092.9m $7.1m $7.1m 0.01% Added +49.3k +49,318
52 Ninety One UK Ltd 0.02% of their portfolio London, X0 2,799,3962.8m $6.7m $6.7m 0.02% Reduced -292.1k -292,088
53 STANSBERRY ASSET MANAGEMENT, LLC 0.69% of their portfolio Westlake, TX 2,617,5412.6m $6.3m $6.3m 0.69% Added +2.0m +1,969,944
54 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 2,596,7002.6m $6.3m $6.3m 0.01% Added +1.3m +1,294,811
55 Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio Boston, MA 2,385,9002.4m $5.8m $5.8m 0.02% Added +2.4m +2,367,600
56 Aquatic Capital Management LLC 0.11% of their portfolio CHICAGO, IL 2,329,9992.3m $5.6m $5.6m 0.11% Added +381.5k +381,528
57 EXCHANGE TRADED CONCEPTS, LLC 0.07% of their portfolio Oklahoma City, OK 2,326,3082.3m $5.6m $5.6m 0.07% Added +1.5m +1,487,425
58 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 2,144,6812.1m $5.2m $5.2m 0.01% Added +1.6m +1,573,028
59 Cubist Systematic Strategies, LLC 0.06% of their portfolio STAMFORD, CT 2,126,1142.1m $5.1m $5.1m 0.06% New
60 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 2,116,3462.1m $5.1m $5.1m 0.00% Added +207.6k +207,637
61 Oldfield Partners LLP 1.72% of their portfolio LONDON, X0 2,079,6002.1m $5.0m $5.0m 1.72% Reduced -555.2k -555,200
62 SPX Gestao de Recursos Ltda 0.45% of their portfolio RIO DE JANEIRO, D5 1,990,4832.0m $4.8m $4.8m 0.45% Reduced -573.9k -573,891
63 Moran Wealth Management, LLC 0.14% of their portfolio NAPLES, FL 1,886,9371.9m $4.5m $4.5m 0.14% Added +23.6k +23,611
64 MERITAGE PORTFOLIO MANAGEMENT 0.26% of their portfolio OVERLAND PARK, KS 1,701,2201.7m $4.1m $4.1m 0.26% Reduced -50.7k -50,663
65 Optiver Holding B.V. 0.11% of their portfolio AMSTERDAM, P7 1,642,0001.6m $4.0m $4.0m 0.11% Added +56.4k +56,412
66 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,607,6511.6m $3.9m $3.9m 0.00% Reduced -473.2k -473,187
67 Perpetual Ltd 0.04% of their portfolio SYDNEY, NEW SOUTH WALES, C3 1,315,0911.3m $3.2m $3.2m 0.04% Reduced -1.7m -1,665,977
68 MANNING & NAPIER ADVISORS LLC 0.04% of their portfolio Fairport, NY 1,280,7921.3m $3.1m $3.1m 0.04% New
69 Ashton Thomas Private Wealth, LLC 0.10% of their portfolio SCOTTSDALE, AZ 1,216,1151.2m $2.9m $2.9m 0.10% Added +1.1m +1,067,922
70 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 1,193,9341.2m $2.9m $2.9m 0.00% Added +503.2k +503,245
71 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 1,112,2001.1m $2.7m $2.7m 0.00% Added +26.7k +26,700
72 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,098,5361.1m $2.6m $2.6m 0.00% Added +803.3k +803,339
73 Cook & Bynum Capital Management, LLC 2.05% of their portfolio Birmingham, AL 1,078,4951.1m $2.6m $2.6m 2.05% Unchanged
74 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 1,025,3561.0m $2.5m $2.5m 0.00% Added +237.6k +237,571
75 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 1,013,2481.0m $2.4m $2.4m 0.00% Added +138.7k +138,700
76 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.59% of their portfolio BOSTON, MA 998,136998.1k $2.4m $2.4m 0.59% Reduced -3.0m -3,015,477
77 Quadrature Capital Ltd 0.04% of their portfolio LONDON, X0 936,411936.4k $2.3m $2.3m 0.04% New
78 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 902,704902.7k $2.2m $2.2m 0.01% Reduced -53.6k -53,559
79 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 880,180880.2k $2.1m $2.1m 0.00% Reduced -319.3k -319,304
80 HANTZ FINANCIAL SERVICES, INC. 0.03% of their portfolio SOUTHFIELD, MI 870,608870.6k $2.1m $2.1m 0.03% Added +34.1k +34,072
81 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 859,469859.5k $2.1m $2.1m 0.00% Added +578.3k +578,340
82 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 847,888847.9k $2.0m $2.0m 0.00% Reduced -1.8k -1,845
83 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 805,384805.4k $1.9m $1.9m 0.00% Reduced -133.0k -133,026
84 Privium Fund Management B.V. 0.42% of their portfolio AMSTERDAM, P7 795,786795.8k $1.9m $1.9m 0.42% Reduced -8.4k -8,420
85 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 751,208751.2k $1.8m $1.8m 0.00% Added +78.3k +78,302
86 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 743,873743.9k $1.8m $1.8m 0.01% Added +4.6k +4,627
87 Mraz, Amerine & Associates, Inc. 0.28% of their portfolio Modesto, CA 724,436724.4k $1.7m $1.7m 0.28% Added +36.8k +36,765
88 Virtu Financial LLC 0.09% of their portfolio New York, NY 697,548697.5k $1.7m $1.7m 0.09% New
89 Banque Cantonale Vaudoise 0.07% of their portfolio LAUSANNE, V8 693,600693.6k $1.7m $1.7m 0.07% Unchanged
90 EARNEST PARTNERS LLC 0.01% of their portfolio ATLANTA, GA 684,577684.6k $1.6m $1.6m 0.01% Reduced -49.9k -49,930
91 B. Metzler seel. Sohn & Co. AG 0.02% of their portfolio FRANKFURT, 2M 654,320654.3k $1.6m $1.6m 0.02% New
92 Ethic Inc. 0.03% of their portfolio NEW YORK, NY 650,576650.6k $1.5m $1.5m 0.03% Added +51.6k +51,594
93 TWO SIGMA SECURITIES, LLC 0.19% of their portfolio NEW YORK, NY 634,330634.3k $1.5m $1.5m 0.19% Added +366.8k +366,757
94 BARINGS LLC 0.03% of their portfolio CHARLOTTE, NC 621,824621.8k $1.5m $1.5m 0.03% Reduced -190.7k -190,657
95 VPR Management LLC 0.70% of their portfolio HOUSTON, TX 616,839616.8k $1.5m $1.5m 0.70% Unchanged
96 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 591,413591.4k $1.4m $1.4m 0.00% Added +25.9k +25,885
97 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 579,745579.7k $1.4m $1.4m 0.01% Added +192.7k +192,698
98 Virtus Family Office LLC 1.79% of their portfolio EL PASO, TX 576,011576.0k $1.4m $1.4m 1.79% Added +98.4k +98,420
99 Kapitalo Investimentos Ltda 0.30% of their portfolio SAO PAULO, D5 564,136564.1k $1.4m $1.4m 0.30% New
100 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 551,237551.2k $1.3m $1.3m 0.00% Added +674 +674