Vault-13

ANHEUSER BUSCH INBEV SA/NV BUD

SPONSORED ADR · ADR · CUSIP 03524A108 · ISIN US03524A1088

Belgian-Brazilian multinational beverage and brewing company

502 institutional holders -8 vs Q4 2022
93,448,47993.4m shares reported held*
$6.2bnreported value*
53 new 164 added 175 reduced 56 sold out net sold ≈ $296.7m (-4.4m 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 ($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

0200400600Q3 22: 462Q4 22: 510Q1 23: 502502Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022462
Q4 2022510
Q1 2023502

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 246 bought or addedQ4 22: 198 cut or sold outQ4 22Q1 23: 217 bought or addedQ1 23: 231 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022246198
Q1 2023217231

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 22 calls: $91.7mQ3 22 puts: $86.0mQ3 22P/C 0.94Q4 22 calls: $180.0mQ4 22 puts: $136.5mQ4 22P/C 0.76Q1 23 calls: $180.5mQ1 23 puts: $161.1mQ1 23P/C 0.89
Numbers
QuarterCallsPutsP/C
Q3 2022$91.7m$86.0m0.94
Q4 2022$180.0m$136.5m0.76
Q1 2023$180.5m$161.1m0.89

Biggest buyers

FMR LLC Added +1,638,988+1.6m
GOLDMAN SACHS GROUP INC Added +673,876+673.9k
Balyasny Asset Management L.P. Added +571,473+571.5k
RENAISSANCE TECHNOLOGIES LLC Added +379,600+379.6k
DAVENPORT & Co LLC Added +272,517+272.5k
Fisher Asset Management, LLC Added +187,371+187.4k
BRANDES INVESTMENT PARTNERS, LP Added +171,090+171.1k
JANE STREET GROUP, LLC Added +115,703+115.7k
BlackRock Inc. Added +99,039+99.0k
MARSHALL WACE, LLP New +76,495+76.5k

Biggest sellers

Capital International Investors Reduced -1,572,727-1.6m
DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. Sold out -1,473,002-1.5m
Dynamo Administracao de Recursos Ltda. Sold out -928,127-928.1k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -706,980-707.0k
Connor, Clark & Lunn Investment Management Ltd. Reduced -590,381-590.4k
ARMISTICE CAPITAL, LLC Sold out -498,000-498.0k
GQG Partners LLC Sold out -482,395-482.4k
CITADEL ADVISORS LLC Reduced -481,848-481.8k
SCOPUS ASSET MANAGEMENT, L.P. Sold out -250,000-250.0k
JPMORGAN CHASE & CO Reduced -184,635-184.6k

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.

HolderStakeChangeShares Last filed
BRC S.a.R.L. 13D · may seek influence filed 2026-05-15 52.3% 1.0bn 2026-05-15
ALTRIA GROUP, INC. 13D · may seek influence filed 2025-02-07 51.9% 1.0bn 2025-02-07

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Dodge & Cox 1.15% of their portfolio San Francisco, CA 25,302,35325.3m $1.7bn $1.7bn 1.15% Reduced -37.3k -37,318
2 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.39% of their portfolio Toronto, A6 10,381,58610.4m $692.8m $692.8m 0.39% Reduced -707.0k -706,980
3 Fisher Asset Management, LLC 0.39% of their portfolio PLANO, TX 9,645,7249.6m $643.7m $643.7m 0.39% Added +187.4k +187,371
4 ROYAL BANK OF CANADA 0.14% of their portfolio TORONTO, A6 6,967,6097.0m $464.9m $464.9m 0.14% Added +75.5k +75,517
5 Capital International Investors 0.10% of their portfolio Los Angeles, CA 5,781,0365.8m $385.0m $385.0m 0.10% Reduced -1.6m -1,572,727
6 FMR LLC 0.01% of their portfolio BOSTON, MA 3,707,8163.7m $247.4m $247.4m 0.01% Added +1.6m +1,638,988
7 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 2,539,3972.5m $169.5m $169.5m 0.02% Added +29.4k +29,383
8 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.17% of their portfolio BOSTON, MA 1,957,8742.0m $130.6m $130.6m 0.17% Added +47.2k +47,207
9 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 1,930,7231.9m $128.8m $128.8m 0.04% Reduced -2.8k -2,807
10 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,821,7991.8m $121.6m $121.6m 0.01% Reduced -42.7k -42,704
11 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,392,0981.4m $92.9m $92.9m 0.03% Added +673.9k +673,876
12 Douglas Lane & Associates, LLC 1.35% of their portfolio NEW YORK, NY 1,220,7811.2m $81.5m $81.5m 1.35% Added +28.9k +28,948
13 Clarkston Capital Partners, LLC 1.42% of their portfolio Rochester, MI 1,137,2501.1m $75.9m $75.9m 1.42% Added +815 +815
14 RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio NEW YORK, NY 954,100954.1k $63.7m $63.7m 0.08% Added +379.6k +379,600
15 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 928,072928.1k $61.9m $61.9m 0.02% Reduced -130.2k -130,234
16 CITADEL ADVISORS LLC 0.06% of their portfolio MIAMI, FL 856,910856.9k $57.2m $57.2m 0.06% Reduced -481.8k -481,848
17 Consulta Ltd 3.94% of their portfolio LONDON, X0 750,000750.0k $50.0m $50.0m 3.94% Unchanged
18 Seafarer Capital Partners, LLC 18.30% of their portfolio CORTE MADERA, CA 732,000732.0k $48.8m $48.8m 18.30% Unchanged
19 Balyasny Asset Management L.P. 0.15% of their portfolio Chicago, IL 668,419668.4k $44.6m $44.6m 0.15% Added +571.5k +571,473
20 RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio ST PETERSBURG, FL 630,204630.2k $42.1m $42.1m 0.04% Reduced -4.0k -4,047
21 FIRST MANHATTAN CO. LLC. 0.14% of their portfolio NEW YORK, NY 556,049556.0k $37.1m $37.1m 0.14% Reduced -27.1k -27,098
22 BlackRock Inc. 0.00% of their portfolio New York, NY 551,824551.8k $36.8m $36.8m 0.00% Added +99.0k +99,039
23 Cook & Bynum Capital Management, LLC 28.45% of their portfolio Birmingham, AL 514,782514.8k $34.4m $34.4m 28.45% Unchanged
24 GREAT LAKES ADVISORS, LLC 0.31% of their portfolio CHICAGO, IL 510,724510.7k $34.1m $34.1m 0.31% Reduced -815 -815
25 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 482,637482.6k $32.2m $32.2m 0.01% Reduced -24.4k -24,388
26 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 414,757414.8k $25.2m $25.2m 0.01% Added +28.0k +27,981
27 Capital Group Private Client Services, Inc. 0.34% of their portfolio Los Angeles, CA 414,683414.7k $27.7m $27.7m 0.34% Added +9.9k +9,879
28 Capco Asset Management, LLC 6.36% of their portfolio TAMPA, FL 364,358364.4k $24.3m $24.3m 6.36% Reduced -12.1k -12,061
29 DAVENPORT & Co LLC 0.15% of their portfolio RICHMOND, VA 293,576293.6k $19.6m $19.6m 0.15% Added +272.5k +272,517
30 EVERETT HARRIS & CO /CA/ 0.31% of their portfolio LOS ANGELES, CA 288,056288.1k $19.2m $19.2m 0.31% Added +4.8k +4,767
31 PENN DAVIS MCFARLAND INC 3.46% of their portfolio DALLAS, TX 282,777282.8k $18.9m $18.9m 3.46% Reduced -120 -120
32 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio FRANKFURT AM MAIN, 2M 250,000250.0k $16.7m $16.7m 0.03% Unchanged
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 247,410247.4k $16.5m $16.5m 0.00% Reduced -184.6k -184,635
34 Thomasville National Bank 1.57% of their portfolio THOMASVILLE, GA 228,022228.0k $15.2m $15.2m 1.57% Added +2.6k +2,629
35 Optiver Holding B.V. 0.62% of their portfolio AMSTERDAM, P7 199,965200.0k $13.3m $13.3m 0.62% Reduced -110.5k -110,495
36 OLD MISSION CAPITAL LLC 0.40% of their portfolio CHICAGO, IL 198,623198.6k $13.3m $13.3m 0.40% Reduced -54.3k -54,342
37 BRANDES INVESTMENT PARTNERS, LP 0.27% of their portfolio LA JOLLA, CA 190,449190.4k $12.7m $12.7m 0.27% Added +171.1k +171,090
38 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 185,046185.0k $12.3m $12.3m 0.02% Added +12.4k +12,367
39 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 184,404184.4k $12.3m $12.3m 0.02% Added +115.7k +115,703
40 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 178,080178.1k $11.9m $11.9m 0.02% Reduced -2.2k -2,239
41 ACADEMY CAPITAL MANAGEMENT 2.31% of their portfolio WACO, TX 161,352161.4k $10.8m $10.8m 2.31% Reduced -4.4k -4,411
42 Hillman Capital Management, Inc. 3.88% of their portfolio BETHESDA, MD 153,492153.5k $10.2m $10.2m 3.88% Reduced -469 -469
43 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 148,075148.1k $9.9m $9.9m 0.01% Reduced -8.7k -8,741
44 NATIXIS ADVISORS, LLC 0.03% of their portfolio Boston, MA 147,780147.8k $9.9m $9.9m 0.03% Added +8.4k +8,374
45 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 139,339139.3k $9.3m $9.3m 0.02% Added +2.7k +2,723
46 CAUSEWAY CAPITAL MANAGEMENT LLC 0.22% of their portfolio LOS ANGELES, CA 137,930137.9k $9.2m $9.2m 0.22% Reduced -36.5k -36,523
47 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 133,835133.8k $8.9m $8.9m 0.02% Reduced -2.7k -2,655
48 Stockman Wealth Management, Inc. 1.93% of their portfolio BILLINGS, MT 129,554129.6k $8.6m $8.6m 1.93% Reduced -3.1k -3,089
49 UBS Group AG 0.00% of their portfolio ZURICH, V8 125,388125.4k $8.4m $8.4m 0.00% Reduced -128.9k -128,925
50 Long Focus Capital Management, LLC 1.32% of their portfolio SAN JUAN, PR 122,200122.2k $8.2m $8.2m 1.32% Unchanged
51 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 118,249118.2k $7.9m $7.9m 0.02% Reduced -800 -800
52 Fayez Sarofim & Co 0.03% of their portfolio Houston, TX 118,087118.1k $7.9m $7.9m 0.03% Reduced -142.3k -142,296
53 Clearbridge Investments, LLC 0.01% of their portfolio NEW YORK, NY 117,914117.9k $7.9m $7.9m 0.01% Reduced -811 -811
54 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 111,914111.9k $7.5m $7.5m 0.00% Reduced -46.7k -46,726
55 GFS Advisors, LLC 1.66% of their portfolio HOUSTON, TX 108,100108.1k $7.2m $7.2m 1.66% Reduced -33.8k -33,835
56 THOMPSON SIEGEL & WALMSLEY LLC 0.12% of their portfolio RICHMOND, VA 107,039107.0k $7.1m $7.1m 0.12% Added +13.4k +13,389
57 Perpetual Ltd 0.06% of their portfolio SYDNEY, NEW SOUTH WALES, C3 107,039107.0k $7.1m $7.1m 0.06% First filing
58 Ally Financial Inc. 1.04% of their portfolio Detroit, MI 105,000105.0k $7.0m $7.0m 1.04% Unchanged
59 ALERUS FINANCIAL NA 0.62% of their portfolio GRAND FORKS, ND 104,901104.9k $7.0m $7.0m 0.62% Reduced -87.0k -86,989
60 Hall Private Wealth Advisors 3.51% of their portfolio SAN DIEGO, CA 100,930100.9k $6.7m $6.7m 3.51% Reduced -11.6k -11,585
61 Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio VANCOUVER, A1 100,457100.5k $6.7m $6.7m 0.04% Reduced -590.4k -590,381
62 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 100,423100.4k $6.7m $6.7m 0.00% Reduced -5.2k -5,172
63 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 92,58892.6k $6.2m $6.2m 0.02% Added +524 +524
64 Ironwood Investment Counsel, LLC 1.35% of their portfolio SCOTTSDALE, AZ 84,94584.9k $5.7m $5.7m 1.35% Added +3.4k +3,355
65 STANSBERRY ASSET MANAGEMENT, LLC 1.05% of their portfolio Westlake, TX 80,99081.0k $5.4m $5.4m 1.05% Reduced -135.5k -135,507
66 Compass Wealth Management LLC 1.71% of their portfolio GUILFORD, CT 80,45380.5k $5.4m $5.4m 1.71% Added +3.0k +2,985
67 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 79,93479.9k $5.3m $5.3m 0.00% Reduced -21.0k -20,979
68 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 76,49576.5k $5.1m $5.1m 0.01% New
69 Ethic Inc. 0.20% of their portfolio NEW YORK, NY 74,23874.2k $5.0m $5.0m 0.20% Reduced -2.6k -2,621
70 WINTRUST INVESTMENTS LLC 0.66% of their portfolio CHICAGO, IL 73,38273.4k $4.9m $4.9m 0.66% Reduced -350 -350
71 Motley Fool Wealth Management, LLC 0.30% of their portfolio ALEXANDRIA, VA 72,88672.9k $4.9m $4.9m 0.30% Reduced -255 -255
72 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 67,86467.9k $4.5m $4.5m 0.01% Reduced -669 -669
73 BEACH INVESTMENT COUNSEL INC/PA 0.59% of their portfolio WEST CONSHOHOCKEN, PA 66,57066.6k $4.4m $4.4m 0.59% Unchanged
74 SCHWERIN BOYLE CAPITAL MANAGEMENT INC 0.46% of their portfolio SPRINGFIELD, MA 66,56566.6k $4.4m $4.4m 0.46% Reduced -21.0k -20,975
75 Buttonwood Financial Advisors Inc. 3.34% of their portfolio BALTIMORE, MD 64,60264.6k $4.3m $4.3m 3.34% Added +977 +977
76 Beacon Pointe Advisors, LLC 0.07% of their portfolio NEWPORT BEACH, CA 64,57164.6k $4.3m $4.3m 0.07% Added +17.5k +17,544
77 PARK AVENUE SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 64,45264.5k $4.3m $4.3m 0.07% Reduced -761 -761
78 Cetera Advisor Networks LLC 0.03% of their portfolio EL SEGUNDO, CA 63,44563.4k $4.2m $4.2m 0.03% Reduced -6.6k -6,589
79 JACOBS & CO/CA 0.52% of their portfolio SAN FRANCISCO, CA 62,66362.7k $4.2m $4.2m 0.52% Reduced -2.1k -2,087
80 Trivium Point Advisory, LLC 1.12% of their portfolio WILTON, CT 62,05062.0k $4.1m $4.1m 1.12% Reduced -95 -95
81 D.A. DAVIDSON & CO. 0.05% of their portfolio GREAT FALLS, MT 61,78161.8k $4.1m $4.1m 0.05% Added +10.6k +10,557
82 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 59,02359.0k $3.9m $3.9m 0.01% Reduced -8.9k -8,891
83 Elgethun Capital Management 1.23% of their portfolio SIOUX FALLS, SD 58,11858.1k $3.9m $3.9m 1.23% Reduced -1.0k -1,022
84 CAPITAL FUND MANAGEMENT S.A. 0.08% of their portfolio PARIS, I0 58,03758.0k $3.9m $3.9m 0.08% New
85 Strategic Wealth Partners, Ltd. 0.59% of their portfolio INDEPENDENCE, OH 57,19257.2k $3.8m $3.8m 0.59% Added +18.8k +18,783
86 Y-Intercept (Hong Kong) Ltd 0.43% of their portfolio HONG KONG, K3 55,94055.9k $3.7m $3.7m 0.43% New
87 Heron Bay Capital Management 1.42% of their portfolio BLOOMFIELD HILLS, MI 54,90754.9k $3.7m $3.7m 1.42% Added +8.6k +8,606
88 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 54,74154.7k $3.6m $3.6m 0.00% Added +5.2k +5,246
89 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 54,08854.1k $3.6m $3.6m 0.01% New
90 RBF Capital, LLC 0.26% of their portfolio RENO, NV 54,00054.0k $3.6m $3.6m 0.26% Unchanged
91 Capricorn Fund Managers Ltd 1.09% of their portfolio LONDON, X0 53,29053.3k $3.6m $3.6m 1.09% Reduced -40.3k -40,275
92 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 52,45452.5k $3.5m $3.5m 0.00% Added +29.1k +29,130
93 J.P. Morgan Private Wealth Advisors LLC 0.01% of their portfolio SAN FRANCISCO, CA 47,86847.9k $3.2m $3.2m 0.01% Added +1.3k +1,265
94 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 47,48247.5k $3.2m $3.2m 0.01% Added +1.1k +1,133
95 Soditic Asset Management LLP 3.42% of their portfolio LONDON, X0 46,23646.2k $3.1m $3.1m 3.42% Unchanged
96 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 44,75844.8k $3.0m $3.0m 0.00% Reduced -185 -185
97 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 43,65043.6k $2.9m $2.9m 0.00% Reduced -4.1k -4,068
98 Ascent Group, LLC 0.31% of their portfolio VIRGINIA BEACH, VA 42,97743.0k $2.9m $2.9m 0.31% Reduced -7.0k -7,047
99 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 40,42240.4k $2.7m $2.7m 0.01% Reduced -1.2k -1,170
100 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 39,95140.0k $2.7m $2.7m 0.02% Reduced -8.6k -8,633