Vault-13

ANHEUSER BUSCH INBEV SA/NV BUD

SPONSORED ADR · ADR · CUSIP 03524A108 · ISIN US03524A1088

Belgian-Brazilian multinational beverage and brewing company

516 institutional holders +18 vs Q1 2025
109,123,347109.1m shares reported held*
$7.5bnreported value*
75 new 167 added 172 reduced 57 sold out net sold ≈ $69.5m (-1.0m 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 ($17.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $68.71. Options: 27 managers hold calls ($597.2m notional), 22 hold puts ($382.1m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 462Q4 22: 510Q1 23: 502Q2 23: 489Q3 23: 480Q4 23: 515Q1 24: 531Q2 24: 509Q3 24: 518Q4 24: 485Q1 25: 498Q2 25: 516516Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022462
Q4 2022510
Q1 2023502
Q2 2023489
Q3 2023480
Q4 2023515
Q1 2024531
Q2 2024509
Q3 2024518
Q4 2024485
Q1 2025498
Q2 2025516

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 223 bought or addedQ3 23: 215 cut or sold outQ4 23: 238 bought or addedQ4 23: 219 cut or sold outQ4 23Q1 24: 267 bought or addedQ1 24: 227 cut or sold outQ2 24: 232 bought or addedQ2 24: 243 cut or sold outQ2 24Q3 24: 234 bought or addedQ3 24: 240 cut or sold outQ4 24: 185 bought or addedQ4 24: 287 cut or sold outQ4 24Q1 25: 250 bought or addedQ1 25: 224 cut or sold outQ2 25: 242 bought or addedQ2 25: 229 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023223215
Q4 2023238219
Q1 2024267227
Q2 2024232243
Q3 2024234240
Q4 2024185287
Q1 2025250224
Q2 2025242229

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ3 24 calls: $529.5mQ3 24 puts: $258.9mQ3 24P/C 0.49Q4 24 calls: $682.1mQ4 24 puts: $268.3mQ4 24P/C 0.39Q1 25 calls: $626.8mQ1 25 puts: $334.1mQ1 25P/C 0.53Q2 25 calls: $597.2mQ2 25 puts: $382.1mQ2 25P/C 0.64
Numbers
QuarterCallsPutsP/C
Q3 2024$529.5m$258.9m0.49
Q4 2024$682.1m$268.3m0.39
Q1 2025$626.8m$334.1m0.53
Q2 2025$597.2m$382.1m0.64

Biggest buyers

FMR LLC Added +5,405,244+5.4m
GOLDMAN SACHS GROUP INC Added +715,877+715.9k
CITIGROUP INC Added +675,518+675.5k
BANK OF AMERICA CORP /DE/ Added +641,158+641.2k
VICTORY CAPITAL MANAGEMENT INC New +539,239+539.2k
Holocene Advisors, LP New +494,740+494.7k
Fisher Asset Management, LLC Added +454,621+454.6k
JANE STREET GROUP, LLC Added +301,035+301.0k
RENAISSANCE TECHNOLOGIES LLC Added +279,100+279.1k
Balyasny Asset Management L.P. New +260,941+260.9k

Biggest sellers

Dodge & Cox Reduced -2,638,596-2.6m
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Reduced -1,559,800-1.6m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -1,361,743-1.4m
MILLENNIUM MANAGEMENT LLC Reduced -840,763-840.8k
CITADEL ADVISORS LLC Reduced -832,338-832.3k
Artisan Partners Limited Partnership Reduced -827,714-827.7k
Capital International Investors Reduced -760,066-760.1k
Long Focus Capital Management, LLC Sold out -580,000-580.0k
Clarkston Capital Partners, LLC Reduced -463,470-463.5k
BARCLAYS PLC Reduced -452,062-452.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $109.0m1.6m shares
CITADEL ADVISORS LLC Added $90.6m1.3m shares
Optiver Holding B.V. Reduced $82.5m1.2m shares
JANE STREET GROUP, LLC Added $59.4m864.4k shares
Long Focus Capital Management, LLC Reduced $54.7m795.6k shares
BARCLAYS PLC Added $48.0m698.0k shares
Point72 Asset Management, L.P. Reduced $27.7m403.5k shares
IMC-Chicago, LLC Added $19.7m287.1k shares
UBS Group AG Added $18.7m272.8k shares
SIMPLEX TRADING, LLC Reduced $17.5m254.7k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $103.4m1.5m shares
Optiver Holding B.V. Reduced $97.0m1.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $61.9m900.3k shares
UBS Group AG Added $15.0m218.3k shares
BARCLAYS PLC Added $13.8m201.0k shares
JANE STREET GROUP, LLC Added $12.1m175.9k shares
SIMPLEX TRADING, LLC Added $11.7m170.5k shares
IMC-Chicago, LLC Reduced $9.7m141.1k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $8.7m127.2k shares
LMR Partners LLP Added $7.9m114.8k 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 Q2 2025

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 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Dodge & Cox 1.49% of their portfolio San Francisco, CA 38,477,54238.5m $2.6bn $2.6bn 1.49% Reduced -2.6m -2,638,596
2 Fisher Asset Management, LLC 0.29% of their portfolio PLANO, TX 10,663,93310.7m $732.8m $732.8m 0.29% Added +454.6k +454,621
3 FMR LLC 0.03% of their portfolio BOSTON, MA 6,955,7817.0m $478.0m $478.0m 0.03% Added +5.4m +5,405,244
4 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.42% of their portfolio Toronto, A6 6,901,5096.9m $474.3m $474.3m 0.42% Reduced -322.4k -322,353
5 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 4,064,0644.1m $279.3m $279.3m 0.03% Added +112.0k +111,985
6 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 3,344,4513.3m $229.8m $229.8m 0.02% Added +641.2k +641,158
7 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,665,1102.7m $183.1m $183.1m 0.01% Reduced -178.4k -178,422
8 DAVENPORT & Co LLC 0.81% of their portfolio RICHMOND, VA 2,145,2352.1m $147.3m $147.3m 0.81% Reduced -16.6k -16,558
9 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,034,1252.0m $139.8m $139.8m 0.02% Added +715.9k +715,877
10 GATES FOUNDATION TRUST 0.24% of their portfolio KIRKLAND, WA 1,703,0001.7m $117.0m $117.0m 0.24% Unchanged
11 Capital International Investors 0.02% of their portfolio Los Angeles, CA 1,596,9171.6m $109.4m $109.4m 0.02% Reduced -760.1k -760,066
12 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.27% of their portfolio Los Angeles, CA 1,230,4401.2m $84.6m $84.6m 0.27% Reduced -1.6m -1,559,800
13 RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio NEW YORK, NY 1,201,2001.2m $82.5m $82.5m 0.11% Added +279.1k +279,100
14 Clarkston Capital Partners, LLC 1.51% of their portfolio Rochester, MI 1,034,8271.0m $71.1m $71.1m 1.51% Reduced -463.5k -463,470
15 Seafarer Capital Partners, LLC 19.12% of their portfolio CORTE MADERA, CA 1,019,0001.0m $70.0m $70.0m 19.12% Unchanged
16 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,008,0581.0m $69.3m $69.3m 0.01% Added +40.5k +40,508
17 Douglas Lane & Associates, LLC 0.97% of their portfolio NEW YORK, NY 970,173970.2k $66.7m $66.7m 0.97% Reduced -60.7k -60,682
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 866,761866.8k $59.6m $59.6m 0.00% Added +166.9k +166,876
19 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 854,028854.0k $58.7m $58.7m 0.01% Reduced -27.0k -27,007
20 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 829,698829.7k $57.0m $57.0m 0.02% Reduced -100.2k -100,229
21 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 697,647697.6k $47.9m $47.9m 0.03% Added +675.5k +675,518
22 CAUSEWAY CAPITAL MANAGEMENT LLC 0.70% of their portfolio LOS ANGELES, CA 647,477647.5k $44.5m $44.5m 0.70% Reduced -44.4k -44,440
23 Alberta Investment Management Corp 0.30% of their portfolio EDMONTON, A0 560,000560.0k $38.5m $38.5m 0.30% Reduced -203.8k -203,800
24 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 554,333554.3k $38.1m $38.1m 0.01% Reduced -80.3k -80,321
25 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 539,239539.2k $37.1m $37.1m 0.02% New
26 Holocene Advisors, LP 0.08% of their portfolio New York, NY 494,740494.7k $34.0m $34.0m 0.08% New
27 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 474,456474.5k $32.6m $32.6m 0.02% Added +57.4k +57,394
28 PENN DAVIS MCFARLAND INC 3.60% of their portfolio DALLAS, TX 465,668465.7k $32.0m $32.0m 3.60% Reduced -5.0k -5,043
29 Optiver Holding B.V. 0.85% of their portfolio AMSTERDAM, P7 458,957459.0k $31.5m $31.5m 0.85% Added +198.4k +198,384
30 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio BOSTON, MA 457,029457.0k $31.4m $31.4m 0.02% Reduced -1.4m -1,361,743
31 Walleye Trading LLC 0.75% of their portfolio NEW YORK, NY 446,729446.7k $30.7m $30.7m 0.75% Added +192.4k +192,376
32 Artisan Partners Limited Partnership 0.04% of their portfolio Milwaukee, WI 427,683427.7k $29.4m $29.4m 0.04% Reduced -827.7k -827,714
33 HBK INVESTMENTS L P 0.50% of their portfolio DALLAS, TX 412,652412.7k $28.4m $28.4m 0.50% Unchanged
34 Cook & Bynum Capital Management, LLC 21.94% of their portfolio Birmingham, AL 403,914403.9k $27.8m $27.8m 21.94% Unchanged
35 Capco Asset Management, LLC 5.83% of their portfolio TAMPA, FL 403,003403.0k $27.7m $27.7m 5.83% Reduced -3.1k -3,052
36 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 374,200374.2k $25.7m $25.7m 0.02% Reduced -832.3k -832,338
37 FIRST MANHATTAN CO. LLC. 0.07% of their portfolio NEW YORK, NY 354,870354.9k $24.4m $24.4m 0.07% Reduced -82.2k -82,207
38 UBS Group AG 0.01% of their portfolio ZURICH, V8 353,670353.7k $24.3m $24.3m 0.01% Reduced -297.9k -297,883
39 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 349,004349.0k $24.0m $24.0m 0.03% Reduced -2.7k -2,716
40 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 341,967342.0k $23.5m $23.5m 0.04% Added +301.0k +301,035
41 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 337,311337.3k $23.2m $23.2m 0.03% Added +212.3k +212,307
42 GREAT LAKES ADVISORS, LLC 0.16% of their portfolio CHICAGO, IL 282,489282.5k $19.4m $19.4m 0.16% Reduced -6.3k -6,282
43 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 260,941260.9k $17.9m $17.9m 0.04% New
44 EVERETT HARRIS & CO /CA/ 0.22% of their portfolio LOS ANGELES, CA 244,128244.1k $16.8m $16.8m 0.22% Added +3.4k +3,442
45 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 235,517235.5k $16.2m $16.2m 0.00% Added +164.4k +164,439
46 NATIXIS ADVISORS, LLC 0.02% of their portfolio Boston, MA 215,570215.6k $14.8m $14.8m 0.02% Added +62.3k +62,308
47 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 212,226212.2k $14.6m $14.6m 0.00% Added +15.1k +15,118
48 CAPITAL FUND MANAGEMENT S.A. 0.15% of their portfolio PARIS, I0 198,833198.8k $13.7m $13.7m 0.15% Added +66.7k +66,683
49 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 194,700194.7k $13.4m $13.4m 0.01% Reduced -3.8k -3,754
50 THOMPSON SIEGEL & WALMSLEY LLC 0.23% of their portfolio RICHMOND, VA 194,094194.1k $13.3m $13.3m 0.23% Reduced -16.1k -16,138
51 Perpetual Ltd 0.16% of their portfolio SYDNEY, NEW SOUTH WALES, C3 194,094194.1k $13.3m $13.3m 0.16% Reduced -16.1k -16,138
52 FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC 0.66% of their portfolio Greenbrae, CA 186,457186.5k $12.8m $12.8m 0.66% Added +11.6k +11,643
53 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 175,008175.0k $12.0m $12.0m 0.03% Reduced -41.9k -41,949
54 Freestone Grove Partners LP 0.08% of their portfolio San Francisco, CA 156,761156.8k $10.8m $10.8m 0.08% Reduced -8.3k -8,304
55 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 155,694155.7k $10.7m $10.7m 0.01% Added +154.6k +154,567
56 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 151,464151.5k $10.4m $10.4m 0.01% Added +14.0k +14,039
57 Pathstone Holdings, LLC 0.04% of their portfolio ENGLEWOOD, NJ 138,793138.8k $9.5m $9.5m 0.04% Reduced -10.9k -10,930
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 132,946132.9k $9.1m $9.1m 0.00% Reduced -10.1k -10,113
59 TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio STAMFORD, CT 131,490131.5k $9.0m $9.0m 0.07% Added +11.7k +11,738
60 Quantinno Capital Management LP 0.04% of their portfolio NEW YORK, NY 126,210126.2k $8.7m $8.7m 0.04% Added +33.4k +33,437
61 Pinnacle Financial Partners Inc 0.18% of their portfolio Nashville, TN 124,851124.9k $8.6m $8.6m 0.18% Added +86.8k +86,819
62 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 123,814123.8k $8.5m $8.5m 0.01% Reduced -208.5k -208,521
63 Fayez Sarofim & Co 0.02% of their portfolio Houston, TX 116,356116.4k $8.0m $8.0m 0.02% Reduced -700 -700
64 LMR Partners LLP 0.12% of their portfolio LONDON, X0 116,000116.0k $8.0m $8.0m 0.12% New
65 Clearbridge Investments, LLC 0.01% of their portfolio NEW YORK, NY 114,241114.2k $7.9m $7.9m 0.01% Added +5.5k +5,468
66 Curi Capital, LLC 0.15% of their portfolio CHICAGO, IL 113,965114.0k $7.9m $7.9m 0.15% Added +721 +721
67 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 108,066108.1k $7.4m $7.4m 0.01% Added +22.1k +22,057
68 Ally Financial Inc. 0.82% of their portfolio Detroit, MI 105,000105.0k $7.2m $7.2m 0.82% Unchanged
69 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 102,842102.8k $7.1m $7.1m 0.01% Added +94.5k +94,532
70 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 102,179102.2k $7.0m $7.0m 0.01% Reduced -840.8k -840,763
71 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 101,912101.9k $6.7m $6.7m 0.01% Added +47.3k +47,286
72 ABC ARBITRAGE SA 0.80% of their portfolio PARIS, I0 101,613101.6k $7.0m $7.0m 0.80% Added +73.5k +73,500
73 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 100,591100.6k $6.9m $6.9m 0.00% Reduced -5.2k -5,173
74 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 98,85598.9k $6.8m $6.8m 0.00% Added +19.3k +19,344
75 QRG CAPITAL MANAGEMENT, INC. 0.06% of their portfolio BERWYN, PA 93,71493.7k $6.4m $6.4m 0.06% Added +6.7k +6,695
76 Callan Family Office, LLC 0.20% of their portfolio RADNOR, PA 93,52693.5k $6.4m $6.4m 0.20% Added +66.4k +66,413
77 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 92,80592.8k $6.4m $6.4m 0.00% Added +59.5k +59,546
78 Hillman Capital Management, Inc. 3.27% of their portfolio BETHESDA, MD 87,09387.1k $6.0m $6.0m 3.27% Reduced -16.8k -16,757
79 Tower Research Capital LLC (TRC) 0.16% of their portfolio NEW YORK, NY 85,06585.1k $5.8m $5.8m 0.16% Added +66.4k +66,371
80 Ironwood Investment Counsel, LLC 0.90% of their portfolio SCOTTSDALE, AZ 84,50284.5k $5.8m $5.8m 0.90% Added +1.0k +1,033
81 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio Stamford, CT 84,38384.4k $5.8m $5.8m 0.04% Added +36.7k +36,704
82 Ethic Inc. 0.10% of their portfolio NEW YORK, NY 81,61281.6k $5.6m $5.6m 0.10% Reduced -4.4k -4,397
83 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 80,86780.9k $5.6m $5.6m 0.01% Added +2.6k +2,641
84 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 77,06077.1k $5.3m $5.3m 0.01% Added +19.6k +19,635
85 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 77,03477.0k $5.3m $5.3m 0.01% Reduced -32.8k -32,828
86 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 70,20070.2k $4.8m $4.8m 0.03% Reduced -24.9k -24,872
87 Heron Bay Capital Management 0.94% of their portfolio BLOOMFIELD HILLS, MI 69,44269.4k $4.8m $4.8m 0.94% Reduced -22.5k -22,457
88 CAPSTONE INVESTMENT ADVISORS, LLC 0.04% of their portfolio NEW YORK, NY 68,80068.8k $4.7m $4.7m 0.04% New
89 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 68,59468.6k $4.7m $4.7m 0.00% Reduced -21.0k -20,951
90 Buttonwood Financial Advisors Inc. 1.89% of their portfolio BALTIMORE, MD 68,46068.5k $4.7m $4.7m 1.89% Reduced -6.6k -6,568
91 Azimuth Capital Investment Management LLC 0.17% of their portfolio BLOOMFIELD HILLS, MI 67,80867.8k $4.7m $4.7m 0.17% New
92 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 67,29767.3k $4.6m $4.6m 0.00% Added +2.0k +2,038
93 Mariner, LLC 0.01% of their portfolio Overland Park, KS 66,40066.4k $4.6m $4.6m 0.01% Added +29.2k +29,153
94 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 63,97464.0k $4.4m $4.4m 0.00% Reduced -72.4k -72,440
95 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 62,04362.0k $4.3m $4.3m 0.01% Reduced -976 -976
96 SUMMIT SECURITIES GROUP LLC 1.52% of their portfolio NEW YORK, NY 61,72161.7k $4.2m $4.2m 1.52% New
97 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 58,13058.1k $4.0m $4.0m 0.01% Reduced -1.2k -1,176
98 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 57,35857.4k $3.9m $3.9m 0.01% Added +5.9k +5,925
99 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 55,02055.0k $3.8m $3.8m 0.01% Reduced -3.8k -3,834
100 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 54,56854.6k $3.7m $3.7m 0.02% Reduced -8.2k -8,226