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 ($8.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $82.52. Options: 24 managers hold calls ($350.0m notional), 23 hold puts ($247.0m).
Trends to Q2 2026
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 |
| Q3 2024 | 518 |
| Q4 2024 | 485 |
| Q1 2025 | 498 |
| Q2 2025 | 516 |
| Q3 2025 | 484 |
| Q4 2025 | 535 |
| Q1 2026 | 549 |
| Q2 2026 | 613 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 234 | 240 |
| Q4 2024 | 185 | 287 |
| Q1 2025 | 250 | 224 |
| Q2 2025 | 242 | 229 |
| Q3 2025 | 197 | 262 |
| Q4 2025 | 262 | 212 |
| Q1 2026 | 281 | 226 |
| Q2 2026 | 348 | 183 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $576.5m | $331.0m | 0.57 |
| Q4 2025 | $610.2m | $335.0m | 0.55 |
| Q1 2026 | $256.4m | $242.9m | 0.95 |
| Q2 2026 | $350.0m | $247.0m | 0.71 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +3.2m |
| Point72 Asset Management, L.P. | New | +2.3m |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +1.9m |
| GQG Partners LLC | Added | +911.5k |
| Clearbridge Investments, LLC | Added | +761.5k |
| FMR LLC | Added | +578.5k |
| Fisher Asset Management, LLC | Added | +536.8k |
| NewEdge Advisors, LLC | Added | +515.7k |
| Holocene Advisors, LP | Added | +293.7k |
| CITADEL ADVISORS LLC | Added | +287.2k |
Biggest sellers
| D. E. Shaw & Co., Inc. | Reduced | -2.1m |
| Balyasny Asset Management L.P. | Reduced | -1.1m |
| BANK OF MONTREAL /CAN/ | Reduced | -941.2k |
| BANK OF AMERICA CORP /DE/ | Reduced | -658.6k |
| JPMORGAN CHASE & CO | Reduced | -596.5k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -450.2k |
| JANE STREET GROUP, LLC | Sold out | -417.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -383.2k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -304.8k |
| OLD MISSION CAPITAL LLC | Sold out | -272.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $79.9m969.1k shares |
| CITADEL ADVISORS LLC | Added | $71.6m869.4k shares |
| Optiver Holding B.V. | Reduced | $70.0m849.2k shares |
| JANE STREET GROUP, LLC | Added | $44.5m539.5k shares |
| IMC-Chicago, LLC | Added | $28.4m345.1k shares |
| BARCLAYS PLC | Reduced | $10.3m125.0k shares |
| SIMPLEX TRADING, LLC | Added | $9.3m113.4k shares |
| Point72 Asset Management, L.P. | Reduced | $8.4m102.3k shares |
| PEAK6 LLC | New | $6.9m83.4k shares |
| GROUP ONE TRADING LLC | Reduced | $5.4m65.1k shares |
Biggest puts
| Optiver Holding B.V. | Added | $64.1m777.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $51.2m620.9k shares |
| CITADEL ADVISORS LLC | Reduced | $37.9m459.4k shares |
| JANE STREET GROUP, LLC | Added | $22.7m275.1k shares |
| IMC-Chicago, LLC | Reduced | $12.6m153.3k shares |
| BARCLAYS PLC | Reduced | $10.3m125.0k shares |
| UBS Group AG | Reduced | $9.6m116.8k shares |
| NOMURA HOLDINGS INC | New | $8.2m100.0k shares |
| SIMPLEX TRADING, LLC | Added | $8.2m99.9k shares |
| Walleye Trading LLC | Reduced | $7.4m89.8k 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.
| 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 since 1 Apr 2026
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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 1.27% of their portfolio | 29.5m $2.4bn | Reduced -206.4k |
| Fisher Asset Management, LLC 0.31% of their portfolio | 12.5m $1.0bn | Added +536.8k |
| MORGAN STANLEY 0.02% of their portfolio | 4.0m $326.6m | Added +96.6k |
| FMR LLC 0.01% of their portfolio | 3.3m $269.0m | Added +578.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 3.2m $262.9m | Added +3.2m |
| Connor, Clark & Lunn Investment Management Ltd. 0.45% of their portfolio | 2.9m $236.2m | Added +1.9m |
| Point72 Asset Management, L.P. 0.29% of their portfolio | 2.3m $191.9m | New |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.9m $160.6m | Added +154.4k |
| GATES FOUNDATION TRUST 0.41% of their portfolio | 1.7m $140.3m | Unchanged |
| Holocene Advisors, LP 0.31% of their portfolio | 1.7m $136.3m | Added +293.7k |
| DAVENPORT & Co LLC 0.67% of their portfolio | 1.6m $130.4m | Reduced -252.4k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 1.5m $123.2m | Added +287.2k |
| Capital International Investors 0.03% of their portfolio | 1.5m $123.8m | Reduced -13.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.5m $121.6m | Reduced -658.6k |
| BlackRock, Inc. 0.00% of their portfolio | 1.1m $92.4m | Added +69.0k |
| UBS Group AG 0.01% of their portfolio | 1.1m $87.2m | Added +55.5k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.1m $87.2m | Added +10.3k |
| Seafarer Capital Partners, LLC 19.63% of their portfolio | 1.0m $85.2m | Unchanged |
| NORTHERN TRUST CORP 0.01% of their portfolio | 934.0k $77.0m | Reduced -137.3k |
| GQG Partners LLC 0.14% of their portfolio | 918.3k $75.7m | Added +911.5k |
| Clearbridge Investments, LLC 0.06% of their portfolio | 863.2k $71.1m | Added +761.5k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 851.5k $70.2m | Added +49.3k |
| Douglas Lane & Associates, LLC 0.78% of their portfolio | 695.0k $57.3m | Reduced -74.2k |
| Alberta Investment Management Corp 0.31% of their portfolio | 645.1k $53.2m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 552.8k $45.6m | Added +121.2k |
| NewEdge Advisors, LLC 0.13% of their portfolio | 522.6k $43.1m | Added +515.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 485.1k $40.0m | Added +122.0k |
| PENN DAVIS MCFARLAND INC 3.55% of their portfolio | 483.4k $39.8m | Reduced -1.8k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 464.8k $38.3m | Reduced -304.8k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 455.5k $37.5m | Reduced -145.9k |
| Cook & Bynum Capital Management, LLC 24.74% of their portfolio | 403.9k $33.3m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 366.2k $30.2m | Reduced -383.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 360.7k $29.7m | Reduced -450.2k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 347.7k $28.6m | Reduced -232.5k |
| Invesco Ltd. 0.00% of their portfolio | 343.2k $28.3m | Added +8.0k |
| Capital Wealth Planning, LLC 0.13% of their portfolio | 309.1k $25.5m | Added +54.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 303.5k $25.0m | Reduced -187.9k |
| Quantinno Capital Management LP 0.03% of their portfolio | 282.0k $23.2m | Added +67.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 251.3k $21.1m | Reduced -596.5k |
| Curi Capital, LLC 0.31% of their portfolio | 244.4k $20.2m | Added +136.8k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 242.6k $20.0m | Reduced -128.2k |
| EVERETT HARRIS & CO /CA/ 0.24% of their portfolio | 240.9k $19.9m | Added +2.4k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 225.5k $18.6m | Added +19.4k |
| Creative Planning 0.01% of their portfolio | 224.1k $18.5m | Added +46.6k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 218.8k $18.6m | Added +12.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 198.9k $16.4m | Added +29.0k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 197.7k $16.3m | Reduced -2.1m |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 192.5k $15.9m | Added +20.3k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 185.7k $15.3m | Added +11.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 183.8k $15.1m | Added +11.4k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 181.9k $15.0m | Reduced -1.1m |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 179.7k $14.8m | Added +128.2k |
| LPL Financial LLC 0.00% of their portfolio | 178.4k $14.7m | Added +17.9k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.26% of their portfolio | 175.0k $14.4m | Added +1.1k |
| LMR Partners LLP 0.10% of their portfolio | 167.9k $13.8m | Added +93.0k |
| Optiver Holding B.V. 0.20% of their portfolio | 166.0k $13.7m | Added +67.0k |
| US BANCORP \DE\ 0.01% of their portfolio | 161.4k $13.3m | Added +21.4k |
| Verition Fund Management LLC 0.09% of their portfolio | 160.0k $13.2m | Added +89.8k |
| BARCLAYS PLC 0.00% of their portfolio | 159.6k $13.2m | Added +35.8k |
| SALT Holding Corp. 6.73% of their portfolio | 154.2k $12.7m | Unchanged |
| HRT FINANCIAL LP 0.03% of their portfolio | 148.1k $12.2m | Reduced -123.6k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 146.7k $12.1m | Added +57.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 146.4k $12.1m | Reduced -246.5k |
| Capco Asset Management, LLC 3.22% of their portfolio | 143.2k $11.8m | Reduced -2.6k |
| Nuveen, LLC 0.00% of their portfolio | 128.7k $10.6m | New |
| Azimuth Capital Investment Management LLC 0.36% of their portfolio | 128.4k $10.6m | Added +490 |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 125.1k $10.3m | Added +3.6k |
| Walleye Trading LLC 0.14% of their portfolio | 123.0k $10.1m | Reduced -11.4k |
| FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC 0.53% of their portfolio | 122.6k $10.1m | Reduced -5.3k |
| GREAT LAKES ADVISORS, LLC 0.07% of their portfolio | 117.0k $9.6m | Reduced -3.6k |
| Vise Technologies, Inc. 0.11% of their portfolio | 116.5k $9.6m | Added +78.8k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio | 110.0k $9.1m | Added +34.3k |
| Fayez Sarofim & Co 0.02% of their portfolio | 106.0k $8.7m | Unchanged |
| Ally Financial Inc. 1.12% of their portfolio | 105.0k $8.7m | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 104.9k $8.6m | Reduced -15.4k |
| Callan Family Office, LLC 0.16% of their portfolio | 101.8k $8.4m | Reduced -3.4k |
| Pathstone Holdings, LLC 0.02% of their portfolio | 100.3k $8.3m | Reduced -32.6k |
| QRG CAPITAL MANAGEMENT, INC. 0.07% of their portfolio | 99.9k $8.2m | Added +11.8k |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 94.2k $7.8m | Reduced -159.8k |
| Ironwood Investment Counsel, LLC 1.01% of their portfolio | 93.7k $7.7m | Added +1.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 93.6k $7.7m | New |
| Tower Research Capital LLC (TRC) 0.19% of their portfolio | 91.8k $7.6m | Reduced -9.2k |
| MML INVESTORS SERVICES, LLC 0.01% of their portfolio | 89.0k $7.3m | Added +54.1k |
| Ethic Inc. 0.09% of their portfolio | 86.6k $7.1m | Added +4.7k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 86.3k $7.1m | Reduced -1.2k |
| Cetera Investment Advisers 0.01% of their portfolio | 85.4k $7.0m | Added +44.5k |
| Mariner, LLC 0.01% of their portfolio | 84.0k $6.9m | Added +16.2k |
| CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio | 77.9k $6.4m | Added +17.6k |
| Orion Porfolio Solutions, LLC 0.05% of their portfolio | 76.6k $6.3m | Added +40.3k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 75.6k $6.2m | Reduced -145 |
| Cerity Partners LLC 0.01% of their portfolio | 75.5k $6.2m | Added +14.8k |
| HANTZ FINANCIAL SERVICES, INC. 0.08% of their portfolio | 74.9k $6.2m | Added +13.4k |
| Empire Life Investments Inc. 0.33% of their portfolio | 72.6k $6.0m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 72.1k $5.9m | Added +4.4k |
| TD Waterhouse Canada Inc. 0.02% of their portfolio | 71.3k $5.7m | Reduced -63.8k |
| Nicholas Investment Partners, LP 0.30% of their portfolio | 65.3k $5.4m | New |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 65.1k $5.4m | Added +2.1k |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.04% of their portfolio | 62.5k $5.2m | Reduced -11.5k |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 62.2k $5.1m | Added +691 |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 60.9k $5.0m | Added +39.7k |