AMBEV SA ABEV
SPONSORED ADR · ADR · CUSIP 02319V103 · ISIN US02319V1035
Brazilian brewing company
- SectorConsumer staples
- IndustryBeverages
- HeadquartersSão Paulo, Brazil
- Founded1999
- Websiteambev.com.br
- FilingsSEC EDGAR
* 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 ($1.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.91. Options: 6 managers hold calls ($46.2m notional), 5 hold puts ($38.9m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 297 |
| Q4 2022 | 315 |
| Q1 2023 | 306 |
| Q2 2023 | 330 |
| Q3 2023 | 342 |
| Q4 2023 | 346 |
| Q1 2024 | 347 |
| Q2 2024 | 356 |
| Q3 2024 | 379 |
| Q4 2024 | 400 |
| Q1 2025 | 365 |
| Q2 2025 | 358 |
| Q3 2025 | 358 |
| Q4 2025 | 375 |
| Q1 2026 | 404 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 176 | 156 |
| Q3 2024 | 229 | 119 |
| Q4 2024 | 181 | 169 |
| Q1 2025 | 172 | 205 |
| Q2 2025 | 183 | 145 |
| Q3 2025 | 158 | 152 |
| Q4 2025 | 178 | 151 |
| Q1 2026 | 219 | 137 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $7.7m | $13.3m | 1.73 |
| Q3 2025 | $6.1m | $6.9m | 1.15 |
| Q4 2025 | $39.5m | $38.9m | 0.98 |
| Q1 2026 | $46.2m | $38.9m | 0.84 |
Biggest buyers
| GQG Partners LLC | Added | +14.1m |
| First Eagle Investment Management, LLC | Added | +10.9m |
| BlackRock, Inc. | Added | +10.5m |
| JANE STREET GROUP, LLC | Added | +9.9m |
| DJE Kapital AG | New | +5.1m |
| EXCHANGE TRADED CONCEPTS, LLC | Added | +4.4m |
| GOLDMAN SACHS GROUP INC | Added | +3.1m |
| CITADEL ADVISORS LLC | Added | +2.9m |
| Tidal Investments LLC | Added | +2.8m |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | Added | +2.7m |
Biggest sellers
| MORGAN STANLEY | Reduced | -35.1m |
| BANK OF AMERICA CORP /DE/ | Reduced | -17.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -10.9m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -8.4m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Reduced | -7.7m |
| PRIVATE MANAGEMENT GROUP INC | Reduced | -3.8m |
| Corient Private Wealth LP | Reduced | -2.6m |
| HSBC HOLDINGS PLC | Reduced | -2.2m |
| FIL Ltd | Sold out | -2.0m |
| Kiltearn Partners LLP | Reduced | -1.6m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $40.9m14.0m shares |
| Optiver Holding B.V. | Reduced | $2.6m897.3k shares |
| GROUP ONE TRADING LLC | New | $1.1m380.2k shares |
| JANE STREET GROUP, LLC | Added | $1.1m376.3k shares |
| CITADEL ADVISORS LLC | Added | $275.4k94.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $238.6k81.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $36.6m12.5m shares |
| Optiver Holding B.V. | Reduced | $1.4m477.8k shares |
| GROUP ONE TRADING LLC | Reduced | $408.8k140.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $336.1k115.1k shares |
| CITADEL ADVISORS LLC | Reduced | $106.9k36.6k 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 2026
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 2 | $492.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-27 | Cavalcanti de Lacerda Eduardo Braga Officer | Sold | $434.3k152.4k shares |
| 2026-03-24 | Malik Parente Guilherme Officer | Sold | $57.9k21.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| First Eagle Investment Management, LLC 1.72% of their portfolio | 347.0m $1.0bn | Added +10.9m |
| GQG Partners LLC 0.87% of their portfolio | 187.0m $546.1m | Added +14.1m |
| BlackRock, Inc. 0.00% of their portfolio | 34.9m $102.0m | Added +10.5m |
| Seafarer Capital Partners, LLC 18.81% of their portfolio | 28.1m $82.0m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.12% of their portfolio | 27.4m $79.9m | Added +1.7m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 26.5m $72.9m | Reduced -8.4m |
| BRANDES INVESTMENT PARTNERS, LP 0.48% of their portfolio | 23.1m $67.4m | Added +475.5k |
| LOOMIS SAYLES & CO L P 0.08% of their portfolio | 20.5m $59.8m | Added +1.2m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.09% of their portfolio | 17.9m $52.4m | Reduced -7.7m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 16.3m $47.6m | Reduced -17.3m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 16.2m $47.4m | Added +3.1m |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 12.3m $36.6m | Reduced -994.2k |
| PRIVATE MANAGEMENT GROUP INC 0.95% of their portfolio | 11.3m $33.0m | Reduced -3.8m |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 10.8m $31.7m | Added +9.9m |
| RWC Asset Management LLP 1.26% of their portfolio | 10.3m $30.2m | Reduced -377.0k |
| MORGAN STANLEY 0.00% of their portfolio | 10.3m $30.1m | Reduced -35.1m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 10.2m $29.9m | Reduced -77.6k |
| EXCHANGE TRADED CONCEPTS, LLC 0.22% of their portfolio | 10.0m $29.1m | Added +4.4m |
| GREAT LAKES ADVISORS, LLC 0.23% of their portfolio | 9.5m $27.7m | Added +55.6k |
| STATE STREET CORP 0.00% of their portfolio | 8.9m $25.9m | Reduced -197.8k |
| Kiltearn Partners LLP 6.15% of their portfolio | 7.8m $22.9m | Reduced -1.6m |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 7.4m $21.8m | Reduced -383.1k |
| FOUNDATION RESOURCE MANAGEMENT INC 2.34% of their portfolio | 7.1m $20.8m | Added +167.0k |
| UBS Group AG 0.00% of their portfolio | 6.6m $19.1m | Added +792.0k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 6.5m $19.1m | Added +2.9m |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 6.1m $17.7m | Added +960.0k |
| CIBC WORLD MARKET INC. 0.03% of their portfolio | 5.9m $17.3m | Reduced -54.1k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 5.3m $15.5m | Added +377.4k |
| DJE Kapital AG 0.33% of their portfolio | 5.1m $14.8m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 5.1m $14.9m | Added +343.9k |
| PZENA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 4.7m $13.8m | Added +295.7k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 4.7m $13.7m | Added +843.1k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 4.2m $12.3m | Added +54.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 4.0m $11.8m | Added +455.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 3.9m $11.4m | First filing |
| Altrius Capital Management Inc 2.20% of their portfolio | 3.8m $11.1m | Reduced -239.0k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 3.7m $10.8m | Added +1.4m |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 3.7m $10.8m | Added +566.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 3.7m $10.4m | Added +1.2m |
| Eldred Rock Partners, LLC 2.62% of their portfolio | 3.5m $10.3m | Reduced -32.8k |
| Invesco Ltd. 0.00% of their portfolio | 3.4m $9.9m | Reduced -131.6k |
| Corient Private Wealth LP 0.01% of their portfolio | 3.1m $9.0m | Reduced -2.6m |
| Tidal Investments LLC 0.03% of their portfolio | 3.1m $8.7m | Added +2.8m |
| Moran Wealth Management, LLC 0.26% of their portfolio | 2.9m $8.6m | Added +674.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 2.9m $8.4m | Added +809.9k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio | 2.8m $8.3m | Added +2.7m |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 2.8m $8.1m | Added +2.6m |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 2.7m $8.0m | Reduced -2.2m |
| Legal & General Group Plc 0.00% of their portfolio | 2.7m $7.9m | Unchanged |
| STRS OHIO 0.03% of their portfolio | 2.7m $7.8m | Reduced -404.3k |
| Ashton Thomas Private Wealth, LLC 0.17% of their portfolio | 2.4m $7.0m | Reduced -274.2k |
| Euro Pacific Asset Management, LLC 0.61% of their portfolio | 2.3m $6.1m | Reduced -713.8k |
| B. Metzler seel. Sohn & Co. AG 0.06% of their portfolio | 2.1m $6.3m | Added +17.5k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 2.0m $5.9m | Added +13.6k |
| Aquatic Capital Management LLC 0.16% of their portfolio | 2.0m $5.7m | Added +1.8m |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 1.9m $5.6m | Added +1.3m |
| SEI INVESTMENTS CO 0.00% of their portfolio | 1.9m $5.4m | Reduced -2.6k |
| LPL Financial LLC 0.00% of their portfolio | 1.6m $4.7m | Added +206.2k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 1.5m $4.4m | Reduced -56.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.5m $4.4m | Added +575.9k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 1.4m $4.2m | New |
| Cook & Bynum Capital Management, LLC 3.18% of their portfolio | 1.4m $4.0m | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 1.3m $3.9m | Added +153.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 1.2m $3.5m | New |
| MANNING & NAPIER ADVISORS LLC 0.05% of their portfolio | 1.1m $3.3m | Reduced -10.2k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.70% of their portfolio | 1.1m $3.3m | Unchanged |
| Archford Capital Strategies, LLC 0.35% of their portfolio | 1.0m $3.0m | Added +98.4k |
| ARGA Investment Management, LP 0.09% of their portfolio | 967.1k $2.8m | Added +370.1k |
| Privium Fund Management B.V. 0.58% of their portfolio | 948.6k $2.8m | Reduced -114.6k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 880.7k $2.6m | Added +131.0k |
| ASSETMARK, INC 0.01% of their portfolio | 872.7k $2.5m | Added +332.4k |
| Creative Planning 0.00% of their portfolio | 833.5k $2.4m | Added +293.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 812.4k $2.4m | Reduced -7.8k |
| HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio | 809.3k $2.4m | Added +12.2k |
| XTX Topco Ltd 0.04% of their portfolio | 772.0k $2.3m | Added +226.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 771.7k $2.3m | Added +39.6k |
| Cetera Investment Advisers 0.00% of their portfolio | 763.7k $2.2m | Reduced -129.4k |
| NLB Skladi, upravljanje premozenja, d.o.o. 0.11% of their portfolio | 762.1k $2.2m | Added +642.1k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 760.8k $2.2m | Added +7.3k |
| CITIGROUP INC 0.00% of their portfolio | 746.9k $2.2m | Added +435.2k |
| Callan Family Office, LLC 0.05% of their portfolio | 734.2k $2.1m | Added +45.8k |
| Mraz, Amerine & Associates, Inc. 0.30% of their portfolio | 706.3k $2.1m | Reduced -365 |
| MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADV 1.79% of their portfolio | 702.5k $2.1m | Added +3.3k |
| Ethic Inc. 0.03% of their portfolio | 686.8k $2.0m | Reduced -35.8k |
| BARINGS LLC 0.03% of their portfolio | 621.8k $1.8m | Unchanged |
| Virtus Family Office LLC 1.52% of their portfolio | 606.8k $1.8m | Reduced -192.4k |
| EARNEST PARTNERS LLC 0.01% of their portfolio | 597.5k $1.7m | Reduced -39.3k |
| Amundi 0.00% of their portfolio | 587.2k $1.7m | Added +93.7k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 562.5k $1.6m | Reduced -28.0k |
| Sava Infond d.o.o. 0.23% of their portfolio | 550.0k $1.6m | Added +260.0k |
| Squarepoint Ops LLC 0.00% of their portfolio | 525.8k $1.5m | Added +230.7k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 522.9k $1.5m | Added +112.2k |
| HighTower Advisors, LLC 0.00% of their portfolio | 496.1k $1.4m | Added +452.7k |
| FMR LLC 0.00% of their portfolio | 478.9k $1.4m | Reduced -5.1k |
| Boston Partners 0.00% of their portfolio | 478.7k $1.4m | Reduced -265.0k |
| SCS Capital Management LLC 0.01% of their portfolio | 455.0k $1.3m | Added +14.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 452.3k $1.3m | Added +194.0k |
| Burford Brothers, Inc. 0.51% of their portfolio | 422.0k $1.2m | Reduced -146.5k |
| AustralianSuper Pty Ltd 0.01% of their portfolio | 411.7k $1.2m | Unchanged |
| VPR Management LLC 0.45% of their portfolio | 387.9k $1.1m | Unchanged |