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 ($11.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $56.70. Options: 21 managers hold calls ($368.2m notional), 24 hold puts ($299.9m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 462 |
| Q4 2022 | 510 |
| Q1 2023 | 502 |
| Q2 2023 | 489 |
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 |
| Q2 2023 | 214 | 279 |
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 |
| Q2 2023 | $368.2m | $299.9m | 0.81 |
Biggest buyers
| GATES FOUNDATION TRUST | New | +1.7m |
| BANK OF AMERICA CORP /DE/ | Added | +1.3m |
| GOLDMAN SACHS GROUP INC | Added | +1.3m |
| SAMLYN CAPITAL, LLC | New | +1.2m |
| CITIGROUP INC | Added | +799.4k |
| Sculptor Capital LP | New | +500.0k |
| JANE STREET GROUP, LLC | Added | +378.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +293.7k |
| SCOPUS ASSET MANAGEMENT, L.P. | New | +250.0k |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +206.6k |
Biggest sellers
| FMR LLC | Reduced | -2.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.4m |
| Invesco Ltd. | Reduced | -1.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -1.1m |
| Balyasny Asset Management L.P. | Sold out | -668.4k |
| CITADEL ADVISORS LLC | Reduced | -296.4k |
| DAVENPORT & Co LLC | Reduced | -262.7k |
| Thomasville National Bank | Reduced | -215.3k |
| GREAT LAKES ADVISORS, LLC | Reduced | -169.0k |
| Capital Group Private Client Services, Inc. | Reduced | -166.5k |
Biggest calls
| Long Focus Capital Management, LLC | Added | $73.7m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $59.6m1.1m shares |
| GOLDMAN SACHS GROUP INC | New | $57.6m1.0m shares |
| CITADEL ADVISORS LLC | Added | $53.7m947.6k shares |
| Optiver Holding B.V. | Added | $37.7m664.9k shares |
| JANE STREET GROUP, LLC | Added | $18.7m330.8k shares |
| JPMORGAN CHASE & CO | Added | $15.9m279.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $10.8m191.0k shares |
| WOLVERINE TRADING, LLC | Added | $9.3m168.1k shares |
| IMC-Chicago, LLC | Added | $8.9m156.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $126.6m2.2m shares |
| CITADEL ADVISORS LLC | Added | $29.1m512.5k shares |
| Sculptor Capital LP | New | $28.4m500.0k shares |
| JPMORGAN CHASE & CO | Added | $22.9m403.3k shares |
| Optiver Holding B.V. | Reduced | $20.5m362.0k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $14.2m250.0k shares |
| WOLVERINE TRADING, LLC | Added | $13.6m244.3k shares |
| IMC-Chicago, LLC | Added | $13.1m230.3k shares |
| SIMPLEX TRADING, LLC | Added | $12.4m219.1k shares |
| GROUP ONE TRADING LLC | Added | $7.5m132.3k 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 Q2 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 Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 0.96% of their portfolio | 25.3m $1.4bn | Reduced -16.6k |
| Fisher Asset Management, LLC 0.31% of their portfolio | 9.8m $555.4m | Added +145.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.29% of their portfolio | 9.3m $526.9m | Reduced -1.1m |
| ROYAL BANK OF CANADA 0.11% of their portfolio | 6.8m $388.4m | Reduced -119.5k |
| Capital International Investors 0.08% of their portfolio | 5.8m $324.1m | Reduced -18.9k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 3.2m $179.4m | Added +1.3m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.7m $152.1m | Added +1.3m |
| MORGAN STANLEY 0.01% of their portfolio | 2.4m $136.1m | Reduced -140.7k |
| GATES FOUNDATION TRUST 0.23% of their portfolio | 1.7m $96.6m | New |
| FMR LLC 0.01% of their portfolio | 1.3m $72.0m | Reduced -2.4m |
| Douglas Lane & Associates, LLC 1.15% of their portfolio | 1.3m $71.2m | Added +34.2k |
| SAMLYN CAPITAL, LLC 1.14% of their portfolio | 1.2m $65.6m | New |
| Clarkston Capital Partners, LLC 1.15% of their portfolio | 1.1m $64.2m | Reduced -5.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 951.8k $54.0m | Reduced -2.3k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 908.8k $51.5m | Reduced -19.2k |
| CITIGROUP INC 0.06% of their portfolio | 823.6k $46.7m | Added +799.4k |
| Invesco Ltd. 0.01% of their portfolio | 814.9k $46.2m | Reduced -1.1m |
| Consulta Ltd 2.96% of their portfolio | 750.0k $42.5m | Unchanged |
| Seafarer Capital Partners, LLC 12.60% of their portfolio | 732.0k $41.5m | Unchanged |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 639.7k $36.3m | Added +9.5k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 562.7k $31.9m | Added +378.3k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 560.5k $31.8m | Reduced -296.4k |
| BlackRock Inc. 0.00% of their portfolio | 536.6k $30.4m | Reduced -15.2k |
| FIRST MANHATTAN CO. LLC. 0.11% of their portfolio | 520.2k $29.5m | Reduced -35.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 518.0k $29.4m | Added +35.3k |
| Cook & Bynum Capital Management, LLC 23.49% of their portfolio | 514.8k $29.2m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 513.9k $29.1m | Reduced -1.4m |
| Sculptor Capital LP 0.74% of their portfolio | 500.0k $28.4m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 402.3k $22.8m | Reduced -12.5k |
| Capco Asset Management, LLC 5.28% of their portfolio | 361.8k $20.5m | Reduced -2.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 347.8k $19.7m | Added +293.7k |
| GREAT LAKES ADVISORS, LLC 0.19% of their portfolio | 341.8k $19.4m | Reduced -169.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.09% of their portfolio | 307.0k $17.4m | Added +206.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 298.5k $16.9m | Added +51.1k |
| EVERETT HARRIS & CO /CA/ 0.25% of their portfolio | 290.9k $16.5m | Added +2.8k |
| PENN DAVIS MCFARLAND INC 2.93% of their portfolio | 290.4k $16.5m | Added +7.6k |
| CAPITAL FUND MANAGEMENT S.A. 0.23% of their portfolio | 258.4k $14.7m | Added +200.3k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.50% of their portfolio | 250.0k $14.2m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio | 250.0k $14.2m | Unchanged |
| Capital Group Private Client Services, Inc. 0.17% of their portfolio | 248.2k $14.1m | Reduced -166.5k |
| Optiver Holding B.V. 0.37% of their portfolio | 224.8k $12.8m | Added +24.8k |
| OSAIC HOLDINGS, INC. 0.02% of their portfolio | 221.4k $12.6m | Added +36.4k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 205.0k $11.6m | Added +67.1k |
| BRANDES INVESTMENT PARTNERS, LP 0.22% of their portfolio | 192.0k $10.9m | Added +1.6k |
| Lodge Hill Capital, LLC 3.65% of their portfolio | 190.0k $10.8m | New |
| GFS Advisors, LLC 2.08% of their portfolio | 164.7k $9.3m | Added +56.6k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 158.7k $9.0m | Reduced -19.4k |
| Hillman Capital Management, Inc. 3.02% of their portfolio | 150.7k $8.5m | Reduced -2.8k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 145.7k $8.3m | Added +11.9k |
| US BANCORP \DE\ 0.01% of their portfolio | 145.5k $8.3m | Added +6.1k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 141.2k $8.0m | Reduced -6.5k |
| Long Focus Capital Management, LLC 1.18% of their portfolio | 137.2k $7.8m | Added +15.0k |
| ACADEMY CAPITAL MANAGEMENT 1.53% of their portfolio | 134.3k $7.6m | Reduced -27.1k |
| Goodman Advisory Group, LLC 2.78% of their portfolio | 132.3k $7.5m | New |
| THOMPSON SIEGEL & WALMSLEY LLC 0.12% of their portfolio | 127.6k $7.2m | Added +20.6k |
| Perpetual Ltd 0.06% of their portfolio | 127.6k $7.2m | Added +20.6k |
| LPL Financial LLC 0.01% of their portfolio | 125.6k $7.1m | Reduced -22.5k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 115.3k $6.5m | Reduced -2.6k |
| Ally Financial Inc. 0.83% of their portfolio | 105.0k $6.0m | Unchanged |
| HBK INVESTMENTS L P 0.18% of their portfolio | 100.0k $5.7m | Not comparable |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 99.8k $5.7m | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 99.3k $5.6m | Reduced -12.6k |
| OLD MISSION CAPITAL LLC 0.20% of their portfolio | 97.0k $5.5m | Reduced -101.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 97.0k $5.5m | Reduced -3.5k |
| Ironwood Investment Counsel, LLC 1.10% of their portfolio | 86.3k $4.9m | Added +1.4k |
| UBS Group AG 0.00% of their portfolio | 85.5k $4.9m | Reduced -39.9k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 83.3k $4.7m | Reduced -34.9k |
| Compass Wealth Management LLC 1.37% of their portfolio | 79.9k $4.5m | Reduced -532 |
| Heron Bay Capital Management 1.22% of their portfolio | 77.3k $4.4m | Added +22.4k |
| Motley Fool Wealth Management, LLC 0.24% of their portfolio | 72.2k $4.1m | Reduced -683 |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 68.3k $3.9m | Added +392 |
| Buttonwood Financial Advisors Inc. 2.37% of their portfolio | 66.7k $3.8m | Added +2.1k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 65.6k $3.7m | Reduced -27.0k |
| BEACH INVESTMENT COUNSEL INC/PA 0.44% of their portfolio | 65.5k $3.7m | Reduced -1.1k |
| Trivium Point Advisory, LLC 0.99% of their portfolio | 64.4k $3.7m | Added +2.4k |
| PARK AVENUE SECURITIES LLC 0.06% of their portfolio | 62.5k $3.5m | Reduced -2.0k |
| SCHWERIN BOYLE CAPITAL MANAGEMENT INC 0.33% of their portfolio | 62.1k $3.5m | Reduced -4.4k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 61.8k $3.5m | Added +7.0k |
| MML INVESTORS SERVICES, LLC 0.02% of their portfolio | 61.6k $3.5m | Added +21.6k |
| Ethic Inc. 0.13% of their portfolio | 59.8k $3.4m | Reduced -14.5k |
| WINTRUST INVESTMENTS LLC 0.36% of their portfolio | 59.7k $3.4m | Reduced -13.6k |
| Strategic Wealth Partners, Ltd. 0.42% of their portfolio | 57.4k $3.3m | Added +202 |
| Elgethun Capital Management 0.97% of their portfolio | 56.6k $3.2m | Reduced -1.6k |
| Ayrshire Capital Management LLC 2.05% of their portfolio | 55.8k $3.2m | New |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 54.8k $3.1m | Reduced -4.2k |
| RBF Capital, LLC 0.19% of their portfolio | 54.0k $3.1m | Unchanged |
| JACOBS & CO/CA 0.35% of their portfolio | 52.2k $3.0m | Reduced -10.4k |
| D.A. DAVIDSON & CO. 0.03% of their portfolio | 51.3k $2.9m | Reduced -10.5k |
| Soditic Asset Management LLP 1.91% of their portfolio | 46.2k $2.6m | Unchanged |
| Bayesian Capital Management, LP 0.28% of their portfolio | 45.7k $2.6m | New |
| Leonteq Securities AG 0.26% of their portfolio | 45.5k $2.6m | Added +33.5k |
| Beacon Pointe Advisors, LLC 0.04% of their portfolio | 44.9k $2.5m | Reduced -19.6k |
| Alberta Investment Management Corp 0.02% of their portfolio | 44.8k $2.5m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 43.9k $2.5m | Reduced -36.1k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 42.9k $2.4m | Reduced -4.6k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 42.3k $2.4m | Reduced -2.5k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.03% of their portfolio | 41.0k $2.3m | Added +5.8k |
| Creative Planning 0.00% of their portfolio | 40.7k $2.3m | Added +12.3k |
| Ascent Group, LLC 0.25% of their portfolio | 40.0k $2.3m | Reduced -2.9k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 35.8k $2.0m | Reduced -2.3k |