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 ($44.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3.14. Options: 6 managers hold calls ($9.4m notional), 5 hold puts ($2.6m).
Trends to Q2 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 |
| Q2 2026 | 403 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 196 | 174 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $6.1m | $6.9m | 1.15 |
| Q4 2025 | $39.5m | $38.9m | 0.98 |
| Q1 2026 | $46.2m | $38.9m | 0.84 |
| Q2 2026 | $9.4m | $2.6m | 0.27 |
Biggest buyers
| First Eagle Investment Management, LLC | Added | +351.7m |
| GOLDMAN SACHS GROUP INC | Added | +12.8m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +11.5m |
| LOOMIS SAYLES & CO L P | Added | +6.5m |
| MARSHALL WACE, LLP | Added | +5.7m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Added | +5.0m |
| EXCHANGE TRADED CONCEPTS, LLC | Added | +3.7m |
| CITADEL ADVISORS LLC | Added | +3.5m |
| MORGAN STANLEY | Added | +2.4m |
| JPMORGAN CHASE & CO | Added | +2.2m |
Biggest sellers
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -15.8m |
| JANE STREET GROUP, LLC | Reduced | -5.0m |
| GREAT LAKES ADVISORS, LLC | Reduced | -4.3m |
| Seafarer Capital Partners, LLC | Reduced | -4.0m |
| Eldred Rock Partners, LLC | Sold out | -3.5m |
| BANK OF AMERICA CORP /DE/ | Reduced | -3.4m |
| Corient Private Wealth LP | Reduced | -3.0m |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | Reduced | -2.7m |
| BRANDES INVESTMENT PARTNERS, LP | Reduced | -2.5m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -2.4m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.1m1.6m shares |
| Optiver Holding B.V. | Reduced | $1.8m561.9k shares |
| GROUP ONE TRADING LLC | Reduced | $1.0m334.3k shares |
| JANE STREET GROUP, LLC | Reduced | $843.4k268.6k shares |
| CITADEL ADVISORS LLC | Added | $378.4k120.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $207.2k66.0k shares |
Biggest puts
| Optiver Holding B.V. | Reduced | $1.5m470.2k shares |
| GROUP ONE TRADING LLC | Reduced | $406.9k129.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $361.1k115.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $191.2k60.9k shares |
| CITADEL ADVISORS LLC | Added | $122.8k39.1k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2026 | 0 | — | 1 | $464.6k | — |
| Q3 2026 | 0 | — | 1 | $1.4m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-07-30 | Moreira Ricardo Manuel Frangatos Pires Director | Sold | $1.4m468.0k shares |
| 2026-05-05 | Zagman Paulo Andre Officer | Sold | $464.6k136.2k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| First Eagle Investment Management, LLC 1.82% of their portfolio | 698.6m $2.2bn | Added +351.7m |
| GQG Partners LLC 1.08% of their portfolio | 185.1m $581.1m | Reduced -2.0m |
| BlackRock, Inc. 0.00% of their portfolio | 33.1m $103.8m | Reduced -1.9m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 29.0m $91.0m | Added +12.8m |
| LOOMIS SAYLES & CO L P 0.11% of their portfolio | 27.0m $84.8m | Added +6.5m |
| RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio | 24.9m $78.2m | Reduced -2.4m |
| Seafarer Capital Partners, LLC 17.42% of their portfolio | 24.1m $75.6m | Reduced -4.0m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.11% of their portfolio | 23.0m $72.2m | Added +5.0m |
| BRANDES INVESTMENT PARTNERS, LP 0.45% of their portfolio | 20.5m $64.5m | Reduced -2.5m |
| EXCHANGE TRADED CONCEPTS, LLC 0.21% of their portfolio | 13.6m $42.8m | Added +3.7m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 12.9m $40.4m | Reduced -3.4m |
| MORGAN STANLEY 0.00% of their portfolio | 12.8m $40.0m | Added +2.4m |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 11.8m $36.8m | Reduced -493.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 11.5m $36.1m | New |
| PRIVATE MANAGEMENT GROUP INC 0.90% of their portfolio | 10.8m $34.1m | Reduced -454.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 10.7m $29.4m | Reduced -15.8m |
| RWC Asset Management LLP 1.25% of their portfolio | 10.5m $33.1m | Added +208.8k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 10.0m $31.5m | Added +3.5m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 9.9m $31.0m | Reduced -362.9k |
| STATE STREET CORP 0.00% of their portfolio | 8.3m $26.4m | Reduced -576.6k |
| Kiltearn Partners LLP 5.77% of their portfolio | 7.6m $23.8m | Reduced -262.2k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 7.1m $22.4m | Added +5.7m |
| FOUNDATION RESOURCE MANAGEMENT INC 2.59% of their portfolio | 7.1m $22.2m | Reduced -21.2k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 7.0m $21.9m | Reduced -452.5k |
| DJE Kapital AG 0.44% of their portfolio | 7.0m $23.1m | Added +1.8m |
| UBS Group AG 0.00% of their portfolio | 6.2m $19.6m | Reduced -306.3k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 6.2m $19.3m | Added +841.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 5.9m $18.5m | Added +763.7k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 5.9m $18.4m | Reduced -5.0m |
| CIBC WORLD MARKET INC. 0.03% of their portfolio | 5.7m $18.0m | Reduced -182.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 5.5m $17.2m | Reduced -597.9k |
| GREAT LAKES ADVISORS, LLC 0.12% of their portfolio | 5.2m $16.2m | Reduced -4.3m |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 5.0m $15.7m | Added +325.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 4.4m $14.0m | Added +727.5k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 4.2m $13.2m | Reduced -29.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 4.1m $12.8m | Added +31.9k |
| PZENA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 3.7m $11.7m | Reduced -977.4k |
| Altrius Capital Management Inc 2.19% of their portfolio | 3.7m $11.6m | Reduced -105.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 3.6m $11.4m | Reduced -59.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 3.3m $10.4m | Reduced -596.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 3.1m $9.8m | Reduced -587.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 3.0m $9.3m | Added +64.7k |
| Moran Wealth Management, LLC 0.25% of their portfolio | 2.9m $9.1m | Reduced -43.8k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 2.8m $8.8m | Added +48.2k |
| Invesco Ltd. 0.00% of their portfolio | 2.8m $8.8m | Reduced -587.5k |
| Ashton Thomas Private Wealth, LLC 0.18% of their portfolio | 2.8m $8.7m | Added +383.8k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 2.6m $8.3m | Reduced -80.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.6m $8.3m | Added +2.2m |
| Tidal Investments LLC 0.02% of their portfolio | 2.6m $8.1m | Reduced -488.1k |
| STRS OHIO 0.03% of their portfolio | 2.5m $7.9m | Reduced -144.4k |
| Legal & General Group Plc 0.00% of their portfolio | 2.5m $7.7m | Reduced -249.7k |
| Euro Pacific Asset Management, LLC 0.87% of their portfolio | 2.3m $7.7m | Reduced -30.5k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 2.2m $6.9m | Added +1.9m |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 1.9m $5.9m | New |
| B. Metzler seel. Sohn & Co. AG 0.05% of their portfolio | 1.9m $5.8m | Reduced -286.4k |
| Engineers Gate Manager LP 0.07% of their portfolio | 1.8m $5.8m | Added +1.6m |
| SEI INVESTMENTS CO 0.01% of their portfolio | 1.8m $5.7m | Reduced -36.0k |
| LPL Financial LLC 0.00% of their portfolio | 1.7m $5.4m | Added +123.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.7m $5.3m | Added +197.2k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 1.5m $4.7m | Added +723.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 1.4m $4.5m | Added +242.2k |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 1.4m $4.3m | Reduced -540.8k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 1.4m $4.3m | Reduced -657.2k |
| Cook & Bynum Capital Management, LLC 3.16% of their portfolio | 1.4m $4.3m | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 1.3m $4.0m | Reduced -41.7k |
| ARGA Investment Management, LP 0.10% of their portfolio | 1.2m $3.9m | Added +267.0k |
| Boston Partners 0.00% of their portfolio | 1.2m $3.8m | Added +740.9k |
| ASSETMARK, INC 0.01% of their portfolio | 1.2m $3.8m | Added +342.1k |
| Creative Planning 0.00% of their portfolio | 1.1m $3.6m | Added +312.9k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 1.1m $3.5m | Reduced -398.0k |
| XTX Topco Ltd 0.04% of their portfolio | 1.1m $3.4m | Added +321.6k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 1.0m $3.2m | Added +489.5k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 1.0m $3.1m | Added +931.4k |
| HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio | 942.1k $3.0m | Added +132.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 897.7k $2.8m | Added +17.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 887.3k $2.8m | Added +75.0k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.55% of their portfolio | 852.7k $2.7m | Reduced -290.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 807.6k $2.5m | New |
| Privium Fund Management B.V. 0.46% of their portfolio | 802.2k $2.5m | Reduced -146.4k |
| Cetera Investment Advisers 0.00% of their portfolio | 788.5k $2.5m | Added +24.8k |
| Callan Family Office, LLC 0.05% of their portfolio | 776.0k $2.4m | Added +41.8k |
| NLB Skladi, upravljanje premozenja, d.o.o. 0.09% of their portfolio | 762.1k $2.4m | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 752.1k $2.4m | Added +5.2k |
| Mraz, Amerine & Associates, Inc. 0.32% of their portfolio | 705.1k $2.2m | Reduced -1.2k |
| MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADV 1.97% of their portfolio | 698.3k $2.2m | Reduced -4.2k |
| Mariner, LLC 0.00% of their portfolio | 694.6k $2.2m | Added +557.3k |
| Archford Capital Strategies, LLC 0.22% of their portfolio | 688.7k $2.2m | Reduced -352.7k |
| Amundi 0.00% of their portfolio | 663.7k $2.1m | Added +76.4k |
| Vestmark Advisory Solutions, Inc. 0.02% of their portfolio | 652.8k $2.0m | Added +634.3k |
| EARNEST PARTNERS LLC 0.01% of their portfolio | 633.1k $2.0m | Added +35.6k |
| BARINGS LLC 0.03% of their portfolio | 621.8k $2.0m | Unchanged |
| Virtus Family Office LLC 1.55% of their portfolio | 619.3k $2.0m | Added +12.5k |
| Darwins River Capital, LP 1.07% of their portfolio | 619.2k $1.9m | New |
| Sava Infond d.o.o. 0.12% of their portfolio | 550.0k $1.7m | Unchanged |
| Fisher Asset Management, LLC 0.00% of their portfolio | 522.0k $1.6m | Reduced -40.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 514.4k $1.6m | Added +188.4k |
| Nuveen, LLC 0.00% of their portfolio | 503.1k $1.6m | New |
| Erste Asset Management GmbH 0.01% of their portfolio | 500.0k $1.6m | Added +250.0k |
| FMR LLC 0.00% of their portfolio | 490.7k $1.5m | Added +11.8k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 474.2k $1.5m | New |