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 ($11.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $58.29. Options: 24 managers hold calls ($434.7m notional), 22 hold puts ($254.1m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 462 |
| Q4 2022 | 510 |
| Q1 2023 | 502 |
| Q2 2023 | 489 |
| Q3 2023 | 480 |
| Q4 2023 | 515 |
| Q1 2024 | 531 |
| Q2 2024 | 509 |
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 |
| Q3 2023 | 223 | 215 |
| Q4 2023 | 238 | 219 |
| Q1 2024 | 267 | 227 |
| Q2 2024 | 232 | 243 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $328.8m | $270.0m | 0.82 |
| Q4 2023 | $449.6m | $460.5m | 1.02 |
| Q1 2024 | $362.2m | $439.2m | 1.21 |
| Q2 2024 | $434.7m | $254.1m | 0.58 |
Biggest buyers
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +1.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +615.6k |
| MILLENNIUM MANAGEMENT LLC | Added | +606.7k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +522.6k |
| Fisher Asset Management, LLC | Added | +426.3k |
| TWO SIGMA INVESTMENTS, LP | New | +328.7k |
| Qube Research & Technologies Ltd | New | +277.9k |
| Capital International Investors | Added | +269.6k |
| Holocene Advisors, LP | Added | +217.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +209.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -5.1m |
| CITADEL ADVISORS LLC | Reduced | -4.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -1.7m |
| Point72 Asset Management, L.P. | Sold out | -1.3m |
| CITIGROUP INC | Reduced | -803.7k |
| NORGES BANK | Sold out | -690.3k |
| ROYAL BANK OF CANADA | Reduced | -503.1k |
| Ghisallo Capital Management LLC | Sold out | -500.0k |
| TUDOR INVESTMENT CORP ET AL | Reduced | -491.8k |
| Optiver Holding B.V. | Sold out | -441.4k |
Biggest calls
| Long Focus Capital Management, LLC | Added | $144.8m2.5m shares |
| Optiver Holding B.V. | Added | $92.0m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $57.2m984.1k shares |
| BARCLAYS PLC | Added | $30.0m516.0k shares |
| SIMPLEX TRADING, LLC | Added | $23.9m410.4k shares |
| CITADEL ADVISORS LLC | Added | $20.3m348.4k shares |
| Point72 Asset Management, L.P. | Added | $16.3m279.5k shares |
| Balyasny Asset Management L.P. | New | $11.6m200.0k shares |
| IMC-Chicago, LLC | Added | $10.9m187.4k shares |
| CITIGROUP INC | Unchanged | $4.7m80.0k shares |
Biggest puts
| Optiver Holding B.V. | Reduced | $77.7m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $59.6m1.0m shares |
| CITADEL ADVISORS LLC | Reduced | $24.9m427.9k shares |
| SIMPLEX TRADING, LLC | Added | $22.8m392.7k shares |
| Balyasny Asset Management L.P. | New | $11.6m200.0k shares |
| IMC-Chicago, LLC | Added | $10.0m171.6k shares |
| Point72 Asset Management, L.P. | Added | $7.0m119.9k shares |
| WOLVERINE TRADING, LLC | Added | $6.3m108.6k shares |
| CITIGROUP INC | Unchanged | $5.8m100.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $4.9m84.6k 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.
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 2024
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 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 1.10% of their portfolio | 31.5m $1.8bn | Reduced -237.8k |
| Fisher Asset Management, LLC 0.25% of their portfolio | 9.7m $565.2m | Added +426.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.40% of their portfolio | 7.4m $427.4m | Reduced -1.7m |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 5.7m $333.3m | Reduced -503.1k |
| Holocene Advisors, LP 0.86% of their portfolio | 3.5m $205.2m | Added +217.3k |
| MORGAN STANLEY 0.01% of their portfolio | 2.5m $144.6m | Reduced -5.1m |
| Capital International Investors 0.03% of their portfolio | 2.4m $143.6m | Added +269.6k |
| DAVENPORT & Co LLC 0.76% of their portfolio | 2.1m $120.3m | Reduced -1.2k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.42% of their portfolio | 2.0m $119.2m | Added +1.6m |
| SAMLYN CAPITAL, LLC 1.94% of their portfolio | 1.9m $112.7m | Reduced -102.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.8m $104.1m | Reduced -38.1k |
| GATES FOUNDATION TRUST 0.21% of their portfolio | 1.7m $99.0m | Unchanged |
| Douglas Lane & Associates, LLC 1.05% of their portfolio | 1.3m $74.2m | Reduced -6.3k |
| Douglass Winthrop Advisors, LLC 1.48% of their portfolio | 1.3m $72.7m | Added +139.0k |
| RIVULET CAPITAL, LLC 4.83% of their portfolio | 1.2m $69.8m | Unchanged |
| Clarkston Capital Partners, LLC 1.27% of their portfolio | 1.1m $66.6m | Added +11.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.11% of their portfolio | 1.1m $62.2m | Added +615.6k |
| Seafarer Capital Partners, LLC 18.90% of their portfolio | 952.0k $55.4m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 941.1k $54.7m | Reduced -377.6k |
| ARMISTICE CAPITAL, LLC 1.28% of their portfolio | 839.0k $48.8m | Added +137.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 833.8k $48.5m | Reduced -37.8k |
| HBK INVESTMENTS L P 1.10% of their portfolio | 786.8k $45.7m | Added +190.3k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 726.5k $42.2m | Added +183.3k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 693.1k $40.3m | Added +606.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 686.4k $39.9m | Added +2.4k |
| FMR LLC 0.00% of their portfolio | 684.8k $39.8m | Reduced -338.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 611.6k $35.6m | Added +56.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 600.3k $34.9m | Added +522.6k |
| BlackRock Inc. 0.00% of their portfolio | 588.4k $34.2m | Added +13.5k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.77% of their portfolio | 488.3k $28.4m | Added +18.3k |
| Alyeska Investment Group, L.P. 0.15% of their portfolio | 458.6k $26.7m | Reduced -395.1k |
| Cook & Bynum Capital Management, LLC 20.13% of their portfolio | 454.9k $26.5m | Unchanged |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 429.3k $25.0m | Reduced -4.1m |
| Capco Asset Management, LLC 5.87% of their portfolio | 426.7k $24.8m | Added +7.2k |
| FIRST MANHATTAN CO. LLC. 0.08% of their portfolio | 425.8k $24.8m | Reduced -34.9k |
| UBS Group AG 0.01% of their portfolio | 365.5k $21.3m | Added +72.1k |
| PENN DAVIS MCFARLAND INC 3.14% of their portfolio | 349.2k $20.3m | Reduced -613 |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 328.7k $19.1m | New |
| GREAT LAKES ADVISORS, LLC 0.16% of their portfolio | 315.6k $18.3m | Reduced -767 |
| TUDOR INVESTMENT CORP ET AL 0.19% of their portfolio | 294.4k $17.1m | Reduced -491.8k |
| EVERETT HARRIS & CO /CA/ 0.21% of their portfolio | 278.6k $16.2m | Added +1.2k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 277.9k $16.2m | New |
| Capital Group Private Client Services, Inc. 0.16% of their portfolio | 273.0k $15.9m | Reduced -13.6k |
| Verition Fund Management LLC 0.10% of their portfolio | 227.9k $13.3m | Added +115 |
| SEI INVESTMENTS CO 0.02% of their portfolio | 225.9k $13.1m | Added +3.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 209.0k $12.2m | New |
| FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC 0.66% of their portfolio | 201.9k $11.7m | Added +7.2k |
| BARCLAYS PLC 0.00% of their portfolio | 179.8k $10.5m | Reduced -43.7k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 166.8k $9.7m | Added +29.9k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 166.6k $9.7m | Added +21.6k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 165.6k $9.6m | Added +41.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 161.2k $9.4m | Added +27.5k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 155.0k $9.0m | Reduced -16.0k |
| US BANCORP \DE\ 0.01% of their portfolio | 146.9k $8.5m | Added +890 |
| Long Focus Capital Management, LLC 0.86% of their portfolio | 143.4k $8.3m | Added +6.2k |
| GROUPAMA ASSET MANAGMENT 0.11% of their portfolio | 141.6k $8.1m | Reduced -62.4k |
| Perpetual Ltd 0.09% of their portfolio | 138.0k $8.0m | Added +10.9k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.13% of their portfolio | 137.8k $8.0m | Added +10.6k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 136.5k $8.2m | Added +19.1k |
| Pathstone Holdings, LLC 0.03% of their portfolio | 131.1k $7.6m | Added +3.0k |
| Hillman Capital Management, Inc. 2.69% of their portfolio | 131.1k $7.6m | Reduced -12.6k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 123.3k $7.2m | New |
| Savoir Faire Capital Management, L.P. 2.77% of their portfolio | 122.6k $7.1m | Added +53.9k |
| Ethic Inc. 0.17% of their portfolio | 121.3k $7.1m | Added +16.6k |
| LPL Financial LLC 0.00% of their portfolio | 117.2k $6.8m | Added +3.2k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 114.5k $6.7m | Reduced -250 |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 106.6k $6.2m | Reduced -10.9k |
| Ally Financial Inc. 0.76% of their portfolio | 105.0k $6.1m | Unchanged |
| Heron Bay Capital Management 1.29% of their portfolio | 104.1k $6.1m | Added +2.4k |
| Fayez Sarofim & Co 0.02% of their portfolio | 99.2k $5.8m | Added +86.6k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 97.9k $5.7m | Reduced -1.6k |
| Davidson Kempner Capital Management LP 0.09% of their portfolio | 95.0k $5.5m | Reduced -50.0k |
| Compass Wealth Management LLC 1.35% of their portfolio | 94.0k $5.5m | Reduced -1.8k |
| Ironwood Investment Counsel, LLC 0.91% of their portfolio | 87.2k $5.1m | New |
| Cinctive Capital Management LP 0.27% of their portfolio | 86.2k $5.0m | Added +30.6k |
| Concentric Capital Strategies, LP 0.31% of their portfolio | 85.7k $5.0m | New |
| Sanctuary Advisors, LLC 0.04% of their portfolio | 85.7k $5.1m | First filing |
| CAPITAL FUND MANAGEMENT S.A. 0.06% of their portfolio | 84.8k $4.9m | Added +60.2k |
| QRG CAPITAL MANAGEMENT, INC. 0.06% of their portfolio | 82.7k $4.8m | Added +30.1k |
| Buttonwood Financial Advisors Inc. 2.04% of their portfolio | 74.3k $4.3m | Reduced -644 |
| MML INVESTORS SERVICES, LLC 0.02% of their portfolio | 72.4k $4.2m | Reduced -4.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 71.5k $4.2m | Reduced -1.8k |
| ExodusPoint Capital Management, LP 0.04% of their portfolio | 70.3k $4.1m | Reduced -9.7k |
| Trivium Point Advisory, LLC 0.59% of their portfolio | 68.1k $4.0m | Reduced -2.1k |
| Motley Fool Wealth Management, LLC 0.20% of their portfolio | 68.0k $4.0m | Reduced -3.1k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 67.9k $3.9m | Reduced -23.6k |
| Ayrshire Capital Management LLC 2.00% of their portfolio | 67.3k $3.9m | Added +4.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 65.4k $3.8m | Reduced -5.1k |
| Cetera Investment Advisers 0.01% of their portfolio | 63.2k $3.7m | Reduced -1.9k |
| SIMPLEX TRADING, LLC 0.11% of their portfolio | 61.0k $3.5m | Added +54.5k |
| PARK AVENUE SECURITIES LLC 0.04% of their portfolio | 60.6k $3.5m | Reduced -1.8k |
| Trexquant Investment LP 0.05% of their portfolio | 60.5k $3.5m | Reduced -78.4k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 60.1k $3.5m | Added +474 |
| Elgethun Capital Management 0.87% of their portfolio | 59.6k $3.5m | Added +2.6k |
| SCHWERIN BOYLE CAPITAL MANAGEMENT INC 0.36% of their portfolio | 59.3k $3.5m | Unchanged |
| Walleye Trading LLC 0.07% of their portfolio | 58.4k $3.4m | Added +18.2k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 56.8k $3.3m | Reduced -4.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 56.7k $3.3m | Reduced -27.8k |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 56.2k $3.3m | Added +26.6k |
| WINTRUST INVESTMENTS LLC 0.28% of their portfolio | 55.7k $3.2m | Reduced -1.1k |