Ambev SA-ADRABEV
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 375 institutions reported holding Ambev SA-ADR (ABEV) in their 13F filings, up 17 from Q3 2025. 44 opened new positions and 42 sold out. The largest holders were First Eagle Investment Management, LLC ($830.1M), GQG Partners LLC ($427.2M) and Morgan Stanley ($112.3M). 6 famous investors held it, including Jim Simons / Peter Brown (0.1% of Renaissance Technologies's portfolio), David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).
- Company
- Ambev SA-ADR
- CUSIP
- 02319V103
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 44 | $5.5M |
| Exits | 42 | $345.0M |
All 13F filers, Q3 2025 → Q4 2025: 93,094,143 shares bought and 227,434,348 shares sold, net −134,340,205 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 375 holders
| First Eagle Investment Management, LLC | 1.46% | Reduce -0.8% | 336,057,984 | $830.1M |
| GQG Partners LLC | 0.70% | Add +9.1% | 172,969,655 | $427.2M |
| Morgan Stanley | 0.01% | Add +291.2% | 45,462,628 | $112.3M |
| Massachusetts Financial Services Co. | 0.03% | Reduce -3.3% | 34,879,949 | $86.2M |
| Bank of America Corp. | 0.01% | Add +27.6% | 33,619,069 | $83.0M |
| Seafarer Capital Partners, LLC | 18.01% | No change | 28,069,000 | $69.3M |
| Nomura Asset Management International Inc. | 0.10% | — | 25,690,446 | $63.5M |
| Renaissance Technologies | 0.10% | Reduce -38.4% | 25,679,400 | $63.4M |
| BlackRock, Inc. | 0.00% | Add +15.8% | 24,396,861 | $60.3M |
| Brandes Investment Partners, LP | 0.42% | Add +4.0% | 22,600,124 | $55.8M |
| Loomis Sayles & Co. L P | 0.06% | Reduce -0.9% | 19,300,817 | $47.7M |
| Private Management Group Inc. | 1.09% | Reduce -1.2% | 15,112,841 | $37.3M |
| Allspring Global Investments Holdings, LLC | 0.05% | Reduce -0.3% | 13,320,745 | $32.9M |
| Goldman Sachs Group Inc. | 0.00% | Add +248.1% | 13,135,697 | $32.4M |
| Arrowstreet Capital, Limited Partnership | 0.02% | Reduce -20.1% | 10,906,088 | $26.9M |
| RWC Asset Management LLP | 1.48% | Reduce -2.3% | 10,715,881 | $26.5M |
| Dimensional Fund Advisors LP | 0.01% | Add +8.4% | 10,318,325 | $25.5M |
| Kiltearn Partners LLP | 5.05% | Reduce -14.5% | 9,445,900 | $23.3M |
| Great Lakes Advisors, LLC | 0.19% | Add +0.7% | 9,414,370 | $23.3M |
| State Street Corp. | 0.00% | Reduce -29.1% | 9,058,185 | $23.1M |
| CANADA LIFE ASSURANCE Co | 0.03% | Add +17.3% | 7,830,792 | $19.6M |
| Foundation Resource Management Inc. | 2.29% | Add +0.8% | 6,939,320 | $17.1M |
| Cibc World Market Inc. | 0.03% | Add +3.8% | 5,982,701 | $14.8M |
| UBS Group AG | 0.00% | Reduce -3.8% | 5,758,217 | $14.2M |
| Exchange Traded Concepts, LLC | 0.12% | Add +41.5% | 5,588,912 | $13.8M |
| Wells Fargo & Company | 0.00% | Add +9.3% | 5,104,722 | $12.6M |
| D. E. Shaw & Co. | 0.01% | Add +90.4% | 4,933,019 | $12.2M |
| Northern Trust Corp. | 0.00% | Add +25.2% | 4,769,094 | $11.8M |
| Vanguard Group Inc. | 0.00% | Reduce -1.0% | 4,591,730 | $11.3M |
| Pzena Investment Management LLC | 0.03% | Reduce -2.1% | 4,421,619 | $10.9M |
| Russell Investments Group, Ltd. | 0.01% | Reduce -60.3% | 4,163,488 | $10.3M |
| Altrius Capital Management Inc | 2.11% | Reduce -0.2% | 4,024,373 | $9.9M |
| American Century Companies Inc. | 0.00% | Add +12.7% | 3,831,836 | $9.5M |
| Citadel Advisors | 0.01% | Add +10654.3% | 3,628,812 | $9.0M |
| Envestnet Asset Management Inc. | 0.00% | Add +5.6% | 3,578,873 | $8.8M |
| Eldred Rock Partners, LLC | 2.28% | Reduce -10.1% | 3,560,200 | $8.8M |
| Invesco Ltd. | 0.00% | Reduce -9.6% | 3,507,781 | $8.7M |
| Royal Bank of Canada | 0.00% | Add +16.3% | 3,133,086 | $7.7M |
| STRS Ohio | 0.03% | No change | 3,061,300 | $7.6M |
| Euro Pacific Asset Management, LLC | 0.83% | Reduce -2.7% | 3,044,462 | $7.5M |
| Corient Private Wealth LP | 0.01% | Add +0.9% | 2,850,615 | $7.0M |
| Ashton Thomas Private Wealth, LLC | 0.17% | Add +0.6% | 2,674,833 | $6.8M |
| Legal & General Group Plc | 0.00% | No change | 2,709,873 | $6.7M |
| Schroder Investment Management Group | 0.00% | Reduce -48.6% | 2,518,479 | $6.2M |
| HSBC Holdings PLC | 0.00% | Add +7.5% | 2,488,702 | $6.1M |
| Millennium Management | 0.00% | Add +4175.4% | 2,309,557 | $5.7M |
| Moran Wealth Management, LLC | 0.17% | Add +15.0% | 2,258,941 | $5.6M |
| B. Metzler seel. Sohn & Co. AG | 0.05% | Add +187.7% | 2,128,785 | $5.3M |
| Raymond James Financial Inc. | 0.00% | Add +18.1% | 2,078,749 | $5.1M |
| Two Sigma Investments, LP | 0.01% | Reduce -31.8% | 2,004,169 | $5.0M |
| FIL Ltd | 0.00% | Reduce -33.3% | 2,000,000 | $4.9M |
| Sei Investments Co. | 0.00% | Reduce -21.4% | 1,856,872 | $4.6M |
| Meritage Portfolio Management | 0.27% | Reduce -0.3% | 1,670,089 | $4.1M |
| Morningstar Investment Management LLC | 0.23% | Reduce -22.9% | 1,572,660 | $3.9M |
| Van Eck Associates Corp. | 0.00% | Add +9.2% | 1,564,965 | $3.9M |
| LPL Financial LLC | 0.00% | Add +13.4% | 1,392,044 | $3.4M |
| Cook & Bynum Capital Management, LLC | 2.79% | No change | 1,354,009 | $3.3M |
| Stifel Financial Corp. | 0.00% | Add +3.4% | 1,168,793 | $2.9M |
| Manning & Napier Advisors LLC | 0.04% | Reduce -2.1% | 1,154,607 | $2.9M |
| Longfellow Investment Management Co. LLC | 0.64% | Reduce -13.3% | 1,142,729 | $2.8M |
| Two Sigma Advisers, LP | 0.01% | Reduce -72.7% | 1,101,000 | $2.7M |
| Privium Fund Management B.V. | 0.48% | Add +18.5% | 1,063,174 | $2.6M |
| Archford Capital Strategies, LLC | 0.27% | Add +1.1% | 943,053 | $2.3M |
| Susquehanna International Group, LLP | 0.00% | Reduce -0.6% | 932,681 | $2.3M |
| Franklin Resources Inc. | 0.00% | Add +7.1% | 919,157 | $2.3M |
| Jane Street Group, LLC | 0.00% | Reduce -30.9% | 913,795 | $2.3M |
| Cetera Investment Advisers | 0.00% | Reduce -0.7% | 893,072 | $2.2M |
| Virtus Family Office LLC | 1.76% | Add +4.7% | 799,182 | $2.0M |
| Wellington Management Group LLP | 0.00% | Reduce -3.8% | 820,144 | $2.0M |
| Hantz Financial Services, Inc. | 0.03% | Reduce -4.7% | 797,082 | $2.0M |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +2.1% | 753,507 | $1.9M |
| Bank of Montreal | 0.00% | Add +19.2% | 749,625 | $1.9M |
| Boston Partners | 0.00% | Reduce -2.0% | 743,633 | $1.8M |
| Bank of New York Mellon Corp | 0.00% | Reduce -21.6% | 732,114 | $1.8M |
| Ethic Inc. | 0.03% | Add +4.7% | 722,583 | $1.8M |
| Mraz, Amerine & Associates, Inc. | 0.26% | Reduce -0.7% | 706,674 | $1.7M |
| Virtu Financial LLC | 0.07% | Add +234.8% | 702,098 | $1.7M |
| MH & Associates Securities Management Corp. | 1.41% | — | 699,168 | $1.7M |
| Callan Family Office, LLC | 0.04% | Add +427.8% | 688,379 | $1.7M |
| Kapitalo Investimentos Ltda | 0.31% | Reduce -63.7% | 647,014 | $1.6M |
| Earnest Partners LLC | 0.01% | Reduce -3.7% | 636,833 | $1.6M |
| Barings LLC | 0.03% | No change | 621,824 | $1.5M |
| ARGA Investment Management, LP | 0.04% | Reduce -46.2% | 597,022 | $1.5M |
| Fisher Asset Management | 0.00% | Reduce -17.2% | 590,438 | $1.5M |
| Captrust Financial Advisors | 0.00% | Reduce -0.8% | 587,468 | $1.5M |
| Burford Brothers, Inc. | 0.58% | Add +5.5% | 568,551 | $1.4M |
| XTX Topco Ltd | 0.04% | Add +353.5% | 545,949 | $1.3M |
| Creative Planning | 0.00% | Add +158.6% | 540,513 | $1.3M |
| Assetmark, Inc. | 0.00% | Add +69.5% | 540,269 | $1.3M |
| Amundi | 0.00% | Add +2742.3% | 493,534 | $1.2M |
| FMR LLC | 0.00% | Reduce -1.4% | 484,026 | $1.2M |
| SCS Capital Management LLC | 0.01% | Add +0.5% | 440,909 | $1.1M |
| AustralianSuper Pty Ltd | 0.00% | New | 411,744 | $1.0M |
| O'shaughnessy Asset Management, LLC | 0.01% | Reduce -16.0% | 410,722 | $1.0M |
| VPR Management LLC | 0.43% | No change | 387,929 | $958K |
| Oldfield Partners LLP | 0.27% | Reduce -55.0% | 383,700 | $948K |
| Waverly Advisors, LLC | 0.01% | Add +0.9% | 345,429 | $853K |
| Unison Advisors LLC | 0.07% | Add +1.1% | 311,038 | $809K |
| Rhumbline Advisers | 0.00% | Reduce -0.9% | 323,577 | $799K |
| MML Investors Services, LLC | 0.00% | Add +19.8% | 314,019 | $776K |
| Citigroup Inc. | 0.00% | Add +33.4% | 311,733 | $770K |
| Brandywine Global Investment Management, LLC | 0.01% | Reduce -98.2% | 308,950 | $763K |
| Dodge & Cox | 0.00% | Add +7.2% | 296,300 | $732K |
| Squarepoint Ops LLC | 0.00% | Add +52.6% | 295,077 | $729K |
| Sava Infond d.o.o. | 0.10% | No change | 290,000 | $716K |
| Tidal Investments LLC | 0.00% | Add +6.4% | 277,850 | $686K |
| Parvin Asset Management, LLC | 0.54% | Reduce -21.3% | 271,500 | $671K |
| Optiver Holding B.V. | 0.01% | Reduce -88.0% | 265,188 | $655K |
| JPMorgan Chase & Co. | 0.00% | Reduce -13.1% | 258,301 | $638K |
| BNP Paribas Financial Markets | 0.00% | Reduce -25.8% | 248,860 | $615K |
| Erste Asset Management GmbH | 0.01% | No change | 250,000 | $605K |
| Motco | 0.05% | Reduce -6.2% | 242,359 | $599K |
| Vident Advisory, LLC | 0.01% | Add +51.5% | 240,982 | $595K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Add +2.0% | 240,887 | $595K |
| Stephens Inc. | 0.01% | Add +0.5% | 238,790 | $590K |
| AQR Capital Management | 0.00% | Add +33.7% | 238,688 | $590K |
| Guggenheim Capital LLC | 0.00% | Add +143.4% | 231,449 | $572K |
| Neuberger Berman Group LLC | 0.00% | Reduce -6.9% | 228,386 | $564K |
| Oppenheimer Asset Management Inc. | 0.01% | Reduce -1.4% | 227,212 | $561K |
| FWG Holdings, LLC | 0.21% | New | 199,003 | $553K |
| Investors Research Corp | 0.10% | No change | 220,775 | $545K |
| Lanark Financial, Inc. | 0.04% | No change | 213,096 | $526K |
| Profund Advisors LLC | 0.02% | Add +10.6% | 211,571 | $523K |
| Scotia Capital Inc. | 0.00% | Reduce -24.9% | 203,568 | $503K |
| Bleakley Financial Group, LLC | 0.01% | Add +44.8% | 200,026 | $494K |
| Natixis Advisors, LLC | 0.00% | Reduce -78.7% | 196,043 | $484K |
| National Bank of Canada | 0.00% | Add +21.2% | 196,185 | $483K |
| Atria Investments, Inc | 0.01% | Add +45.3% | 192,874 | $476K |
| Daiwa Securities Group Inc. | 0.00% | New | 186,000 | $459K |
| Blue Trust, Inc. | 0.01% | Reduce -5.7% | 185,808 | $459K |
| Henshaw Capital LLC | 0.02% | New | 181,497 | $448K |
| Fortress Private Ledger, LLC | 0.14% | Add +48.5% | 177,055 | $437K |
| Aquatic Capital Management LLC | 0.01% | Reduce -85.5% | 175,111 | $433K |
| CHICAGO TRUST Co NA | 0.07% | Add +0.4% | 170,184 | $420K |
| Cerity Partners LLC | 0.00% | Reduce -15.0% | 169,328 | $418K |
| Perpetual Ltd | 0.01% | No change | 168,569 | $416K |
| Sage Investment Counsel LLC | 0.45% | No change | 165,500 | $409K |
| Qtron Investments LLC | 0.05% | No change | 160,115 | $395K |
| Sumitomo Mitsui Trust Group, Inc. | 0.00% | Reduce -71.8% | 151,500 | $374K |
| Allianz Asset Management GmbH | 0.00% | No change | 150,000 | $371K |
| Storebrand Asset Management As | 0.00% | No change | 148,469 | $367K |
| Compound Planning, Inc. | 0.01% | Reduce -1.1% | 144,236 | $356K |
| Absolute Gestao de Investimentos Ltda. | 0.04% | New | 141,469 | $349K |
| QRG Capital Management, Inc. | 0.00% | Add +31.5% | 137,034 | $338K |
| Blair William & Co. | 0.00% | Reduce -3.1% | 136,150 | $336K |
| Wynn Capital, LLC | 0.16% | Add +2.4% | 130,640 | $323K |
| Frank, Rimerman Advisors LLC | 0.02% | New | 129,842 | $321K |
| Sequoia Financial Advisors, LLC | 0.00% | Reduce -11.8% | 127,485 | $315K |
| Csenge Advisory Group | 0.01% | New | 125,924 | $311K |
| Jones Financial Companies LLLP | 0.00% | Add +10.1% | 123,359 | $305K |
| Empowered Funds, LLC | 0.01% | Add +14.9% | 122,848 | $303K |
| Generali Investments CEE, investicni spolecnost, a.s. | 0.02% | Reduce -45.5% | 120,818 | $298K |
| Caprock Group, LLC | 0.01% | Add +44.7% | 116,651 | $298K |
| NLB Skladi, upravljanje premozenja, d.o.o. | 0.01% | — | 120,000 | $296K |
| IFP Advisors, Inc | 0.01% | Reduce -0.3% | 117,428 | $290K |
| Crossmark Global Holdings, Inc. | 0.00% | No change | 114,768 | $283K |
| Mariner, LLC | 0.00% | Add +43.4% | 112,053 | $277K |
| Bfsg, LLC | 0.03% | No change | 109,130 | $270K |
| 1900 Wealth Management LLC | 0.02% | No change | 108,856 | $269K |
| DGS Capital Management, LLC | 0.05% | Add +8.4% | 107,834 | $266K |
| Moors & Cabot, Inc. | 0.01% | Add +2.4% | 105,400 | $260K |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -12.9% | 104,992 | $259K |
| US Bancorp \de | 0.00% | Reduce -5.5% | 101,143 | $250K |
| Federation des caisses Desjardins du Quebec | 0.00% | Add +4.4% | 100,451 | $248K |
| Benjamin Edwards Inc. | 0.00% | Add +35.1% | 100,382 | $248K |
| Tuttle Capital Management, LLC | 0.53% | New | 96,899 | $239K |
| Global Retirement Partners, LLC | 0.00% | Add +9695.5% | 94,624 | $234K |
| Vanguard Personalized Indexing Management, LLC | 0.00% | Add +25.2% | 94,163 | $233K |
| Sanctuary Advisors, LLC | 0.00% | Add +18.6% | 93,706 | $231K |
| Transcend Capital Advisors, LLC | 0.02% | Add +47.5% | 92,992 | $230K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Reduce -10.2% | 90,045 | $226K |
| Keybank National Association | 0.00% | Add +0.1% | 91,237 | $225K |
| TD Waterhouse Canada Inc. | 0.00% | No change | 89,250 | $220K |
| Fielder Capital Group LLC | 0.05% | No change | 88,689 | $219K |
| Osaic Holdings, Inc. | 0.00% | Add +54.9% | 85,401 | $211K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -3.2% | 84,194 | $208K |
| BTG Pactual Asset Management US LLC | 0.02% | Reduce -32.2% | 80,352 | $202K |
| Insigneo Advisory Services, LLC | 0.01% | Reduce -3.4% | 81,645 | $202K |
| EntryPoint Capital, LLC | 0.08% | New | 80,986 | $200K |
| Focused Alpha, LLC | 0.06% | — | 80,117 | $198K |
| CVA Family Office, LLC | 0.02% | No change | 80,000 | $198K |
| Quinn Opportunity Partners LLC | 0.01% | No change | 80,000 | $198K |
| Larry Mathis Financial Planning, LLC | 0.17% | — | 78,196 | $193K |
| Jeppson Wealth Management, LLC | 0.06% | Add +3.9% | 78,155 | $193K |
| EP Wealth Advisors, LLC | 0.00% | — | 76,828 | $190K |
| Brooklyn Investment Group | 0.01% | Add +174.9% | 77,261 | $187K |
| Alhambra Investment Management LLC | 0.09% | Add +15.4% | 75,239 | $186K |
| Commerzbank Aktiengesellschaft | 0.00% | No change | 73,961 | $183K |
| First Horizon Corp. | 0.01% | Add +102.2% | 73,935 | $183K |
| Pathstone Holdings, LLC | 0.00% | Add +88.4% | 73,098 | $181K |
| Verus Capital Partners, LLC | 0.01% | Add +71.4% | 72,000 | $178K |
| 1832 Asset Management L.P. | 0.00% | New | 71,951 | $178K |
| Genus Capital Management Inc. | 0.02% | No change | 71,608 | $177K |
| SPX Gestao de Recursos Ltda | 0.02% | Reduce -97.8% | 70,408 | $174K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +343.4% | 69,022 | $170K |
| DRW Securities, LLC | 0.01% | New | 68,607 | $169K |
| Ballentine Partners, LLC | 0.00% | Reduce -11.9% | 63,183 | $156K |
| Yousif Capital Management, LLC | 0.00% | No change | 59,597 | $155K |
| Park Avenue Securities LLC | 0.00% | Add +16.7% | 60,977 | $151K |
| FLC Capital Advisors | 0.03% | No change | 60,465 | $149K |
| Geode Capital Management, LLC | 0.00% | No change | 58,937 | $146K |
| State of Wyoming | 0.02% | New | 58,650 | $145K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -27.5% | 58,453 | $144K |
| Belpointe Asset Management LLC | 0.01% | New | 58,193 | $144K |
| Hartford Financial Management Inc. | 0.04% | Add +312.8% | 56,791 | $140K |
| B. Riley Wealth Advisors, Inc. | 0.01% | Reduce -3.9% | 55,712 | $138K |
| LaSalle St. Investment Advisors, LLC | 0.02% | Add +0.5% | 55,146 | $136K |
| Truist Financial Corp. | 0.00% | Add +19.9% | 52,641 | $130K |
| West Family Investments, Inc. | 0.03% | No change | 51,819 | $128K |
| Bulltick Wealth Management, LLC | 0.03% | Add +15.3% | 48,407 | $124K |
| Capstone Financial Advisors, Inc. | 0.01% | No change | 50,000 | $124K |
| Ieq Capital, LLC | 0.00% | Reduce -67.1% | 49,718 | $123K |
| Envestnet Portfolio Solutions, Inc. | 0.00% | Add +2.5% | 49,454 | $122K |
| Parallel Advisors, LLC | 0.00% | Add +22.5% | 47,082 | $116K |
| Group One Trading LLC | 0.00% | Reduce -56.7% | 46,809 | $116K |
| Welch Group, LLC | 0.00% | Add +2.9% | 45,491 | $112K |
| Mercer Global Advisors Inc. | 0.00% | Reduce -14.2% | 44,408 | $110K |
| Arkadios Wealth Advisors | 0.00% | Reduce -42.0% | 44,391 | $110K |
| HighTower Advisors, LLC | 0.00% | Add +3.4% | 43,371 | $107K |
| Old National Bancorp | 0.00% | Add +82.6% | 42,372 | $105K |
| OpenArc Corporate Advisory, LLC | 0.00% | — | 42,010 | $104K |
| Stratos Wealth Partners, LTD. | 0.00% | New | 41,725 | $103K |
| Checchi Capital Advisers, LLC | 0.01% | Add +8.2% | 40,494 | $100K |
| Bank Julius Baer & Co. Ltd, Zurich | 0.00% | No change | 38,489 | $95K |
| Onyx Bridge Wealth Group LLC | 0.01% | No change | 37,368 | $92K |
| Good Harbor Advisors, Inc. | 0.11% | — | 37,296 | $92K |
| BSW Wealth Partners | 0.01% | Reduce -23.7% | 36,248 | $90K |
| Marex Group Ltd | 0.00% | Add +80.0% | 35,535 | $88K |
| Mondrian Investment Partners LTD | 0.00% | Add +27.5% | 35,386 | $87K |
| Chemistry Wealth Management LLC | 0.02% | No change | 35,000 | $86K |
| Tranquilli Financial Advisor LLC | 0.05% | Add +10.6% | 34,929 | $86K |
| Freestone Capital Holdings, LLC | 0.00% | Reduce -26.1% | 34,777 | $86K |
| Wealthspire Advisors, LLC | 0.00% | New | 34,067 | $84K |
| Leo Wealth, LLC | 0.01% | New | 33,174 | $82K |
| Kestra Advisory Services, LLC | 0.00% | Add +49.6% | 33,146 | $82K |
| Caitong International Asset Management Co., Ltd | 0.02% | Add +341.3% | 32,758 | $81K |
| Balyasny Asset Management L.P. | 0.00% | Add +17.6% | 32,513 | $80K |
| Focus Partners Wealth | 0.00% | Add +19.6% | 32,250 | $80K |
| Cullen/Frost Bankers, Inc. | 0.00% | No change | 32,075 | $79K |
| 180 Wealth Advisors, LLC | 0.01% | Reduce -23.6% | 31,987 | $79K |
| Roberts Glore & Co. Inc. | 0.02% | No change | 31,580 | $78K |
| HUB Investment Partners, LLC | 0.00% | Reduce -16.3% | 30,927 | $76K |
| Intesa Sanpaolo Wealth Management | 0.02% | — | 30,000 | $74K |
| Baker Ellis Asset Management LLC | 0.01% | Reduce -14.3% | 30,000 | $74K |
| TMB Capital Partners, LLC | 0.03% | — | 29,701 | $73K |
| Allworth Financial LP | 0.00% | Add +10.1% | 28,275 | $70K |
| Coldstream Capital Management Inc. | 0.00% | Reduce -56.6% | 27,957 | $69K |
| &partners | 0.00% | Add +38.3% | 27,390 | $68K |
| IFG Advisory, LLC | 0.00% | No change | 26,075 | $64K |
| MLP3, LLC | 0.07% | — | 25,950 | $64K |
| Vise Technologies, Inc. | 0.00% | New | 25,831 | $64K |
| Orion Porfolio Solutions, LLC | 0.00% | New | 25,485 | $63K |
| Winthrop Advisory Group LLC | 0.01% | No change | 24,634 | $63K |
| Aspiriant, LLC | 0.00% | Add +0.6% | 25,148 | $62K |
| SmartHarvest Portfolios, LLC | 0.02% | — | 24,922 | $62K |
| Metis Global Partners, LLC | 0.00% | Reduce -7.5% | 24,712 | $61K |
| Renasant Bank | 0.04% | Add +12.8% | 24,641 | $61K |
| Wealth Alliance, LLC | 0.01% | Reduce -5.6% | 23,950 | $59K |
| Merit Financial Group, LLC | 0.00% | Reduce -66.2% | 23,932 | $59K |
| NewEdge Advisors, LLC | 0.00% | Add +17.7% | 23,578 | $58K |
| Bessemer Group Inc. | 0.00% | Add +12.0% | 23,197 | $57K |
| Sendero Wealth Management, LLC | 0.01% | No change | 21,540 | $53K |
| Banco BTG Pactual S.A. | 0.01% | Reduce -80.6% | 20,400 | $50K |
| Frec Markets, Inc. | 0.01% | — | 20,365 | $50K |
| Parkside Financial Bank & Trust | 0.00% | Add +1459.2% | 20,239 | $50K |
| Mutual Advisors, LLC | 0.00% | Reduce -0.2% | 20,220 | $50K |
| Oppenheimer & Co. Inc. | 0.00% | Reduce -1.7% | 20,147 | $50K |
| Xponance LLC | 0.00% | Add +9.2% | 19,777 | $49K |
| Circle Wealth Management, LLC | 0.00% | New | 19,721 | $49K |
| Principal Securities, Inc. | 0.00% | Add +46.4% | 19,593 | $48K |
| Red Door Wealth Management, LLC | 0.00% | No change | 19,000 | $47K |
| Atom Investors LP | 0.00% | Reduce -61.6% | 18,458 | $46K |
| Evergreen Capital Management LLC | 0.00% | Add +15.7% | 17,516 | $45K |
| Leisure Capital Management | 0.01% | New | 18,097 | $45K |
| Paradigm Asset Management Co. LLC | 0.01% | No change | 17,935 | $44K |
| Axq Capital, LP | 0.01% | New | 17,917 | $44K |
| Private Advisor Group, LLC | 0.00% | Reduce -42.5% | 17,674 | $44K |
| Advisortrust Partners, LLC | 0.02% | — | 17,449 | $43K |
| Riversedge Advisors, LLC | 0.01% | Reduce -3.0% | 17,253 | $43K |
| United Capital Financial Advisors, LLC | 0.00% | Add +24.7% | 17,245 | $43K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +18.9% | 16,905 | $42K |
| Mgo One Seven LLC | 0.00% | Reduce -1.1% | 16,695 | $41K |
| Park National Corp. | 0.00% | New | 16,386 | $40K |
| Viewpoint Capital Management LLC | 0.02% | No change | 16,300 | $40K |
| Integrated Wealth Concepts LLC | 0.00% | Add +18.3% | 16,214 | $40K |
| Dynamic Technology Lab Private Ltd | 0.01% | Reduce -27.2% | 16,023 | $40K |
| Portfolio Resources Advisor Group, Inc. | 0.04% | — | 15,447 | $39K |
| NorthRock Partners, LLC | 0.00% | Add +4.9% | 15,833 | $39K |
| Elevation Point Wealth Partners, LLC | 0.00% | Add +4.2% | 15,263 | $39K |
| Endowment Wealth Management, Inc. | 0.02% | Add +1.0% | 15,740 | $39K |
| Composition Wealth, LLC | 0.00% | New | 15,581 | $38K |
| Texas Capital Bank Wealth Management Services Inc | 0.00% | New | 15,555 | $38K |
| Perigon Wealth Management, LLC | 0.00% | Add +34.3% | 15,411 | $38K |
| HRT Financial LP | 0.00% | New | 15,530 | $38K |
| Grove Bank & Trust | 0.00% | Reduce -3.9% | 15,367 | $38K |
| Vestmark Advisory Solutions, Inc. | 0.00% | Add +4.2% | 15,263 | $38K |
| Savant Capital, LLC | 0.00% | New | 15,102 | $37K |
| Generation Capital Management LLC | 0.02% | No change | 15,000 | $37K |
| Ameriprise Financial Inc. | 0.00% | Add +7.1% | 14,967 | $37K |
| PDS Planning, Inc | 0.00% | Reduce -2.8% | 14,989 | $37K |
| UMB Bank, n.a. | 0.00% | Add +197.1% | 14,847 | $37K |
| Spire Wealth Management | 0.00% | Reduce -64.8% | 14,771 | $36K |
| Henry James International Management Inc. | 0.01% | Reduce -3.0% | 14,715 | $36K |
| Balefire, LLC | 0.01% | New | 14,454 | $36K |
| Traveka Wealth, LLC | 0.01% | Reduce -3.5% | 13,880 | $34K |
| Plan A Wealth LLC | 0.02% | Reduce -25.2% | 13,833 | $34K |
| Kestra Investment Management, LLC | 0.00% | Add +10.6% | 13,791 | $34K |
| Abacus Wealth Partners, LLC | 0.00% | New | 13,495 | $33K |
| North Star Asset Management Inc. | 0.00% | New | 13,215 | $33K |
| M&T Bank Corp | 0.00% | Reduce -1.8% | 13,000 | $32K |
| Cornerstone Wealth Management, LLC | 0.00% | No change | 12,900 | $32K |
| Summit Securities Group LLC | 0.01% | New | 12,500 | $31K |
| Mountain Capital Investment Advisors Inc. | 0.01% | No change | 11,087 | $31K |
| Foster Group, Inc. | 0.00% | New | 12,166 | $30K |
| NWF Advisory Services Inc. | 0.00% | Reduce -32.3% | 12,113 | $30K |
| Bensler, LLC | 0.00% | No change | 11,969 | $30K |
| Signaturefd, LLC | 0.00% | Reduce -41.1% | 11,954 | $30K |
| Royal Palms Capital LLC | 0.03% | — | 11,726 | $29K |
| TFB Advisors LLC | 0.01% | Add +7.9% | 11,699 | $29K |
| S Harris Financial Group, LLC | 0.03% | — | 11,320 | $28K |
| Centiva Capital, LP | 0.00% | Reduce -96.3% | 11,270 | $28K |
| Regal Investment Advisors LLC | 0.00% | Add +0.9% | 11,148 | $28K |
| Forum Financial Management, LP | 0.00% | No change | 11,000 | $27K |
| IHT Wealth Management, LLC | 0.00% | New | 10,921 | $27K |
| Prime Capital Investment Advisors, LLC | 0.00% | Add +5.6% | 10,657 | $26K |
| Wagner Wealth Management, LLC | 0.01% | No change | 10,525 | $26K |
| First Trust Advisors LP | 0.00% | Reduce -4.7% | 10,484 | $26K |
| Monument Capital Management | 0.01% | New | 10,148 | $25K |
| Quantinno Capital Management LP | 0.00% | New | 10,108 | $25K |
| Ruggaard & Associates LLC | 0.01% | No change | 10,000 | $25K |
| GAMMA Investing LLC | 0.00% | Add +63.9% | 8,892 | $22K |
| Cwm, LLC | 0.00% | Add +51.8% | 8,473 | $21K |
| Hilltop National Bank | 0.00% | No change | 7,850 | $19K |
| Hilton Head Capital Partners, LLC | 0.01% | — | 7,685 | $19K |
| Farther Finance Advisors, LLC | 0.00% | Add +10.3% | 7,615 | $19K |
| CIBC Private Wealth Group LLC | 0.00% | No change | 7,250 | $18K |
| Cape Investment Advisory, Inc. | 0.01% | Add +25.4% | 7,052 | $17K |
| Pinnacle Bancorp, Inc. | 0.01% | No change | 7,028 | $17K |
| Arax Advisory Partners | 0.00% | Add +13.9% | 6,733 | $17K |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | New | 5,913 | $15K |
| Rockefeller Capital Management L.P. | 0.00% | Add +20.4% | 5,125 | $13K |
| Provida Pension Fund Administrator | 0.00% | No change | 5,104 | $13K |
| Montag A & Associates Inc. | 0.00% | No change | 4,808 | $12K |
| Steward Partners Investment Advisory, LLC | 0.00% | No change | 4,584 | $11K |
| Rosenberg Matthew Hamilton | 0.00% | No change | 4,442 | $11K |
| Hara Capital LLC | 0.01% | Reduce -77.7% | 4,100 | $10K |
| North Star Investment Management Corp. | 0.00% | No change | 3,800 | $9K |
| Eurizon Capital SGR S.p.A. | 0.00% | — | 3,321 | $8K |
| Bogart Wealth, LLC | 0.00% | No change | 2,555 | $6K |
| St Germain D J Co. Inc. | 0.00% | New | 2,339 | $6K |
| Quadrant Capital Group LLC | 0.00% | Reduce -84.7% | 2,243 | $6K |
| Highline Wealth Partners LLC | 0.00% | No change | 2,058 | $5K |
| Brown Brothers Harriman & Co. | 0.00% | New | 1,935 | $5K |
| Sound Income Strategies, LLC | 0.00% | New | 1,000 | $3K |
| Physician Wealth Advisors, Inc. | 0.00% | No change | 1,030 | $3K |
| Western Pacific Wealth Management, LP | 0.00% | No change | 1,000 | $2K |
| Private Trust Co. NA | 0.00% | New | 973 | $2K |
| Smartleaf Asset Management LLC | 0.00% | No change | 565 | $1K |
| Scarborough Advisors, LLC | 0.00% | No change | 553 | $1K |
| Toth Financial Advisory Corp. | 0.00% | New | 550 | $1K |
| JFS Wealth Advisors, LLC | 0.00% | Add +94.7% | 549 | $1K |
| Bell Investment Advisors, Inc | 0.00% | No change | 513 | $1K |
| Raffa Wealth Management, LLC | 0.00% | No change | 493 | $1K |
| IMA Advisory Services, Inc. | 0.00% | New | 451 | $1K |
| Nisa Investment Advisors, LLC | 0.00% | New | 415 | $1K |
| MidFirst Bank | 0.00% | — | 375 | $926 |
| Harbour Investments, Inc. | 0.00% | No change | 247 | $610 |
| Financial Consulate, Inc. | 0.00% | New | 216 | $534 |
| Ancora Advisors LLC | 0.00% | New | 212 | $524 |
| Fairman Group, LLC | 0.00% | Reduce -50.0% | 117 | $308 |
| Turning Point Benefit Group, Inc. | 0.00% | No change | 115 | $284 |
| Caldwell Sutter Capital, Inc. | 0.00% | No change | 111 | $274 |
| Abound Wealth Management | 0.00% | No change | 78 | $193 |
| Bear Mountain Capital, Inc. | 0.00% | Add +3.2% | 32 | $83 |
| Huntington National Bank | 0.00% | No change | 1 | $2 |
"% of holder's portfolio" is ABEV's weight in each manager's 13F, not the share of Ambev SA-ADR the manager owns.