ANHEUSER BUSCH INBEV SA/NV BUD
SPONSORED ADR · ADR · CUSIP 03524A108 · ISIN US03524A1088
Belgian-Brazilian multinational beverage and brewing company
- SectorConsumer staples
- IndustryMalt Beverages
- HeadquartersBrussels, Belgium
- Founded1977
- Websiteab-inbev.com
- 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 ($12.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $66.69. Options: 24 managers hold calls ($180.5m notional), 18 hold puts ($161.1m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 462 |
| Q4 2022 | 510 |
| Q1 2023 | 502 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 246 | 198 |
| Q1 2023 | 217 | 231 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $91.7m | $86.0m | 0.94 |
| Q4 2022 | $180.0m | $136.5m | 0.76 |
| Q1 2023 | $180.5m | $161.1m | 0.89 |
Biggest buyers
| FMR LLC | Added | +1.6m |
| GOLDMAN SACHS GROUP INC | Added | +673.9k |
| Balyasny Asset Management L.P. | Added | +571.5k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +379.6k |
| DAVENPORT & Co LLC | Added | +272.5k |
| Fisher Asset Management, LLC | Added | +187.4k |
| BRANDES INVESTMENT PARTNERS, LP | Added | +171.1k |
| JANE STREET GROUP, LLC | Added | +115.7k |
| BlackRock Inc. | Added | +99.0k |
| MARSHALL WACE, LLP | New | +76.5k |
Biggest sellers
| Capital International Investors | Reduced | -1.6m |
| DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. | Sold out | -1.5m |
| Dynamo Administracao de Recursos Ltda. | Sold out | -928.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -707.0k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -590.4k |
| ARMISTICE CAPITAL, LLC | Sold out | -498.0k |
| GQG Partners LLC | Sold out | -482.4k |
| CITADEL ADVISORS LLC | Reduced | -481.8k |
| SCOPUS ASSET MANAGEMENT, L.P. | Sold out | -250.0k |
| JPMORGAN CHASE & CO | Reduced | -184.6k |
Biggest calls
| Long Focus Capital Management, LLC | Reduced | $41.0m614.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $38.6m578.4k shares |
| CITADEL ADVISORS LLC | Added | $36.7m550.6k shares |
| Optiver Holding B.V. | Reduced | $29.6m444.3k shares |
| SIMPLEX TRADING, LLC | Added | $12.8m192.1k shares |
| GROUP ONE TRADING LLC | Added | $4.0m60.2k shares |
| ROYAL BANK OF CANADA | Unchanged | $3.6m54.0k shares |
| IMC-Chicago, LLC | Added | $3.0m45.3k shares |
| WOLVERINE TRADING, LLC | New | $2.9m43.0k shares |
| Walleye Trading LLC | Reduced | $2.4m36.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $50.8m761.5k shares |
| Optiver Holding B.V. | Reduced | $50.0m749.2k shares |
| CITADEL ADVISORS LLC | Added | $21.3m318.5k shares |
| SIMPLEX TRADING, LLC | Added | $10.2m152.9k shares |
| Walleye Trading LLC | Reduced | $8.7m130.1k shares |
| JPMORGAN CHASE & CO | Reduced | $8.3m123.8k shares |
| GROUP ONE TRADING LLC | Added | $3.0m44.8k shares |
| MILLENNIUM MANAGEMENT LLC | New | $2.4m36.5k shares |
| WOLVERINE TRADING, LLC | New | $1.7m25.7k shares |
| IMC-Chicago, LLC | Added | $1.5m22.5k 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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BRC S.a.R.L. 13D · may seek influence filed 2026-05-15 | 52.3% |
| ALTRIA GROUP, INC. 13D · may seek influence filed 2025-02-07 | 51.9% |
Insider purchases and sales in Q1 2023
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 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 1.15% of their portfolio | 25.3m $1.7bn | Reduced -37.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.39% of their portfolio | 10.4m $692.8m | Reduced -707.0k |
| Fisher Asset Management, LLC 0.39% of their portfolio | 9.6m $643.7m | Added +187.4k |
| ROYAL BANK OF CANADA 0.14% of their portfolio | 7.0m $464.9m | Added +75.5k |
| Capital International Investors 0.10% of their portfolio | 5.8m $385.0m | Reduced -1.6m |
| FMR LLC 0.01% of their portfolio | 3.7m $247.4m | Added +1.6m |
| MORGAN STANLEY 0.02% of their portfolio | 2.5m $169.5m | Added +29.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.17% of their portfolio | 2.0m $130.6m | Added +47.2k |
| Invesco Ltd. 0.04% of their portfolio | 1.9m $128.8m | Reduced -2.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.8m $121.6m | Reduced -42.7k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.4m $92.9m | Added +673.9k |
| Douglas Lane & Associates, LLC 1.35% of their portfolio | 1.2m $81.5m | Added +28.9k |
| Clarkston Capital Partners, LLC 1.42% of their portfolio | 1.1m $75.9m | Added +815 |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 954.1k $63.7m | Added +379.6k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 928.1k $61.9m | Reduced -130.2k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 856.9k $57.2m | Reduced -481.8k |
| Consulta Ltd 3.94% of their portfolio | 750.0k $50.0m | Unchanged |
| Seafarer Capital Partners, LLC 18.30% of their portfolio | 732.0k $48.8m | Unchanged |
| Balyasny Asset Management L.P. 0.15% of their portfolio | 668.4k $44.6m | Added +571.5k |
| RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio | 630.2k $42.1m | Reduced -4.0k |
| FIRST MANHATTAN CO. LLC. 0.14% of their portfolio | 556.0k $37.1m | Reduced -27.1k |
| BlackRock Inc. 0.00% of their portfolio | 551.8k $36.8m | Added +99.0k |
| Cook & Bynum Capital Management, LLC 28.45% of their portfolio | 514.8k $34.4m | Unchanged |
| GREAT LAKES ADVISORS, LLC 0.31% of their portfolio | 510.7k $34.1m | Reduced -815 |
| NORTHERN TRUST CORP 0.01% of their portfolio | 482.6k $32.2m | Reduced -24.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 414.8k $25.2m | Added +28.0k |
| Capital Group Private Client Services, Inc. 0.34% of their portfolio | 414.7k $27.7m | Added +9.9k |
| Capco Asset Management, LLC 6.36% of their portfolio | 364.4k $24.3m | Reduced -12.1k |
| DAVENPORT & Co LLC 0.15% of their portfolio | 293.6k $19.6m | Added +272.5k |
| EVERETT HARRIS & CO /CA/ 0.31% of their portfolio | 288.1k $19.2m | Added +4.8k |
| PENN DAVIS MCFARLAND INC 3.46% of their portfolio | 282.8k $18.9m | Reduced -120 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio | 250.0k $16.7m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 247.4k $16.5m | Reduced -184.6k |
| Thomasville National Bank 1.57% of their portfolio | 228.0k $15.2m | Added +2.6k |
| Optiver Holding B.V. 0.62% of their portfolio | 200.0k $13.3m | Reduced -110.5k |
| OLD MISSION CAPITAL LLC 0.40% of their portfolio | 198.6k $13.3m | Reduced -54.3k |
| BRANDES INVESTMENT PARTNERS, LP 0.27% of their portfolio | 190.4k $12.7m | Added +171.1k |
| OSAIC HOLDINGS, INC. 0.02% of their portfolio | 185.0k $12.3m | Added +12.4k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 184.4k $12.3m | Added +115.7k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 178.1k $11.9m | Reduced -2.2k |
| ACADEMY CAPITAL MANAGEMENT 2.31% of their portfolio | 161.4k $10.8m | Reduced -4.4k |
| Hillman Capital Management, Inc. 3.88% of their portfolio | 153.5k $10.2m | Reduced -469 |
| LPL Financial LLC 0.01% of their portfolio | 148.1k $9.9m | Reduced -8.7k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 147.8k $9.9m | Added +8.4k |
| US BANCORP \DE\ 0.02% of their portfolio | 139.3k $9.3m | Added +2.7k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.22% of their portfolio | 137.9k $9.2m | Reduced -36.5k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 133.8k $8.9m | Reduced -2.7k |
| Stockman Wealth Management, Inc. 1.93% of their portfolio | 129.6k $8.6m | Reduced -3.1k |
| UBS Group AG 0.00% of their portfolio | 125.4k $8.4m | Reduced -128.9k |
| Long Focus Capital Management, LLC 1.32% of their portfolio | 122.2k $8.2m | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 118.2k $7.9m | Reduced -800 |
| Fayez Sarofim & Co 0.03% of their portfolio | 118.1k $7.9m | Reduced -142.3k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 117.9k $7.9m | Reduced -811 |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 111.9k $7.5m | Reduced -46.7k |
| GFS Advisors, LLC 1.66% of their portfolio | 108.1k $7.2m | Reduced -33.8k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.12% of their portfolio | 107.0k $7.1m | Added +13.4k |
| Perpetual Ltd 0.06% of their portfolio | 107.0k $7.1m | First filing |
| Ally Financial Inc. 1.04% of their portfolio | 105.0k $7.0m | Unchanged |
| ALERUS FINANCIAL NA 0.62% of their portfolio | 104.9k $7.0m | Reduced -87.0k |
| Hall Private Wealth Advisors 3.51% of their portfolio | 100.9k $6.7m | Reduced -11.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 100.5k $6.7m | Reduced -590.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 100.4k $6.7m | Reduced -5.2k |
| Baird Financial Group, Inc. 0.02% of their portfolio | 92.6k $6.2m | Added +524 |
| Ironwood Investment Counsel, LLC 1.35% of their portfolio | 84.9k $5.7m | Added +3.4k |
| STANSBERRY ASSET MANAGEMENT, LLC 1.05% of their portfolio | 81.0k $5.4m | Reduced -135.5k |
| Compass Wealth Management LLC 1.71% of their portfolio | 80.5k $5.4m | Added +3.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 79.9k $5.3m | Reduced -21.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 76.5k $5.1m | New |
| Ethic Inc. 0.20% of their portfolio | 74.2k $5.0m | Reduced -2.6k |
| WINTRUST INVESTMENTS LLC 0.66% of their portfolio | 73.4k $4.9m | Reduced -350 |
| Motley Fool Wealth Management, LLC 0.30% of their portfolio | 72.9k $4.9m | Reduced -255 |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 67.9k $4.5m | Reduced -669 |
| BEACH INVESTMENT COUNSEL INC/PA 0.59% of their portfolio | 66.6k $4.4m | Unchanged |
| SCHWERIN BOYLE CAPITAL MANAGEMENT INC 0.46% of their portfolio | 66.6k $4.4m | Reduced -21.0k |
| Buttonwood Financial Advisors Inc. 3.34% of their portfolio | 64.6k $4.3m | Added +977 |
| Beacon Pointe Advisors, LLC 0.07% of their portfolio | 64.6k $4.3m | Added +17.5k |
| PARK AVENUE SECURITIES LLC 0.07% of their portfolio | 64.5k $4.3m | Reduced -761 |
| Cetera Advisor Networks LLC 0.03% of their portfolio | 63.4k $4.2m | Reduced -6.6k |
| JACOBS & CO/CA 0.52% of their portfolio | 62.7k $4.2m | Reduced -2.1k |
| Trivium Point Advisory, LLC 1.12% of their portfolio | 62.0k $4.1m | Reduced -95 |
| D.A. DAVIDSON & CO. 0.05% of their portfolio | 61.8k $4.1m | Added +10.6k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 59.0k $3.9m | Reduced -8.9k |
| Elgethun Capital Management 1.23% of their portfolio | 58.1k $3.9m | Reduced -1.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.08% of their portfolio | 58.0k $3.9m | New |
| Strategic Wealth Partners, Ltd. 0.59% of their portfolio | 57.2k $3.8m | Added +18.8k |
| Y-Intercept (Hong Kong) Ltd 0.43% of their portfolio | 55.9k $3.7m | New |
| Heron Bay Capital Management 1.42% of their portfolio | 54.9k $3.7m | Added +8.6k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 54.7k $3.6m | Added +5.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 54.1k $3.6m | New |
| RBF Capital, LLC 0.26% of their portfolio | 54.0k $3.6m | Unchanged |
| Capricorn Fund Managers Ltd 1.09% of their portfolio | 53.3k $3.6m | Reduced -40.3k |
| STATE STREET CORP 0.00% of their portfolio | 52.5k $3.5m | Added +29.1k |
| J.P. Morgan Private Wealth Advisors LLC 0.01% of their portfolio | 47.9k $3.2m | Added +1.3k |
| TRUIST FINANCIAL CORP 0.01% of their portfolio | 47.5k $3.2m | Added +1.1k |
| Soditic Asset Management LLP 3.42% of their portfolio | 46.2k $3.1m | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 44.8k $3.0m | Reduced -185 |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 43.6k $2.9m | Reduced -4.1k |
| Ascent Group, LLC 0.31% of their portfolio | 43.0k $2.9m | Reduced -7.0k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 40.4k $2.7m | Reduced -1.2k |
| MML INVESTORS SERVICES, LLC 0.02% of their portfolio | 40.0k $2.7m | Reduced -8.6k |