Anheuser-Busch Inbev-SPN ADRBUD

13F holders, Q1 2025 (March 31)
496holders +12
86new positions
67sold out
10famous investors
$61.57avg. 13F price*

At the end of Q1 2025, 496 institutions reported holding Anheuser-Busch Inbev-SPN ADR (BUD) in their 13F filings, up 12 from Q4 2024. 86 opened new positions and 67 sold out. The largest holders were Dodge & Cox ($2.5B), Fisher Asset Management ($628.5M) and Manufacturers Life Insurance Company, The ($444.7M). 10 famous investors held it, including Ken Fisher (0.3% of Fisher Asset Management's portfolio), Bill Gates / Michael Larson (0.3% of Gates Foundation Trust's portfolio) and Jim Simons / Peter Brown (0.1% of Renaissance Technologies's portfolio).

Company
Anheuser-Busch Inbev-SPN ADR
CUSIP
03524A108
Latest filing quarter
Q2 2026

History

Number of 13F holders

0200400600800 Q1 2024: 530Q1 2024Q2 2024: 508Q2 2024Q3 2024: 518Q3 2024Q4 2024: 484Q4 2024Q1 2025: 496Q1 2025Q2 2025: 514Q2 2025Q3 2025: 483Q3 2025Q4 2025: 534Q4 2025Q1 2026: 548Q1 2026Q2 2026: 616Q2 2026

Total Exit/New Position Q4 2024 → Q1 2025

InstitutionsTotal Value
New Positions86$192.6M
Exits67$206.2M

All 13F filers, Q4 2024 → Q1 2025: 11,847,906 shares bought and 10,197,670 shares sold, net +1,650,236 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 496 holders

Dodge & Cox 1.44% Add +2.8% 41,116,138 $2.5B
Fisher Asset Management 0.27% Add +1.2% 10,209,312 $628.5M
Manufacturers Life Insurance Company, The 0.43% Reduce -4.6% 7,223,862 $444.7M
Royal Bank of Canada 0.05% Reduce -7.9% 3,952,079 $243.3M
Morgan Stanley 0.01% Add +3.6% 2,843,532 $175.0M
Hotchkis & Wiley Capital Management LLC 0.57% Add +7.3% 2,790,240 $171.8M
Bank of America Corp. 0.01% Add +66.9% 2,703,293 $166.4M
Capital International Investors 0.03% Reduce -9.2% 2,356,983 $146.2M
DAVENPORT & Co LLC 0.79% Add +11.5% 2,161,793 $133.4M
Arrowstreet Capital, Limited Partnership 0.09% New 1,818,772 $112.0M
Gates Foundation Trust 0.25% No change 1,703,000 $104.8M
FMR LLC 0.01% Add +158.4% 1,550,537 $95.5M
Clarkston Capital Partners, LLC 1.82% Add +0.3% 1,498,297 $92.2M
Goldman Sachs Group Inc. 0.02% Add +25.3% 1,318,248 $81.2M
Artisan Partners Limited Partnership 0.13% Add +10.6% 1,255,397 $77.3M
Citadel Advisors 0.07% Add +923.6% 1,206,538 $74.3M
Douglas Lane & Associates, LLC 0.94% Reduce -7.5% 1,030,855 $63.5M
Seafarer Capital Partners, LLC 20.32% No change 1,019,000 $62.7M
Northern Trust Corp. 0.01% Add +14.0% 967,550 $59.6M
Millennium Management 0.06% Add +26.6% 942,942 $58.0M
Raymond James Financial Inc. 0.02% Add +24.8% 929,927 $57.2M
Renaissance Technologies 0.09% Reduce -7.6% 922,100 $56.8M
Wells Fargo & Company 0.01% Add +6.8% 881,035 $54.2M
Alberta Investment Management Corp 0.34% Add +34.0% 763,800 $47.0M
BlackRock, Inc. 0.00% Add +11.2% 699,885 $43.1M
Causeway Capital Management LLC 0.89% Add +20.5% 691,917 $42.6M
UBS Group AG 0.01% Reduce -43.0% 651,553 $40.1M
Envestnet Asset Management Inc. 0.01% Reduce -0.7% 634,654 $39.1M
Long Focus Capital Management, LLC 2.43% Add +79.4% 580,000 $35.7M
Penn Davis McFarland Inc. 3.43% Add +0.7% 470,711 $29.0M
Barclays PLC 0.01% Add +6242.9% 456,876 $28.1M
First Manhattan Co. Llc. 0.08% Add +23.3% 437,077 $26.9M
Bank of Montreal 0.01% Add +221.8% 417,062 $25.7M
HBK Investments L P 0.51% Reduce -21.0% 412,652 $25.4M
Capco Asset Management, LLC 5.91% Reduce -2.6% 406,055 $25.0M
Cook & Bynum Capital Management, LLC 19.40% Reduce -5.4% 403,914 $24.9M
Sei Investments Co. 0.03% Add +9.3% 351,720 $21.7M
D. E. Shaw & Co. 0.03% Add +595.4% 332,335 $20.5M
Great Lakes Advisors, LLC 0.16% Reduce -2.0% 288,771 $17.8M
Optiver Holding B.V. 0.62% Reduce -43.0% 260,573 $16.0M
Walleye Trading LLC 0.45% New 254,353 $15.7M
Everett Harris & Co. 0.19% Reduce -3.6% 240,686 $14.8M
Verition Fund Management LLC 0.08% Add +36.2% 225,113 $13.9M
Point72 Asset Management 0.04% Reduce -45.0% 216,957 $13.4M
Thompson Siegel & Walmsley LLC 0.22% Add +21.4% 210,232 $12.9M
Perpetual Ltd 0.16% Add +21.4% 210,232 $12.9M
American Century Companies Inc. 0.01% Reduce -7.5% 198,454 $12.2M
LPL Financial LLC 0.00% Add +23.0% 197,108 $12.1M
Fairview Capital Investment Management, LLC 0.57% Add +5.4% 174,814 $10.8M
Freestone Grove Partners LP 0.10% New 165,065 $10.2M
Natixis Advisors, LLC 0.02% Add +3.7% 153,262 $9.4M
Pathstone Holdings, LLC 0.04% Add +7.5% 149,723 $9.2M
Employees Retirement System of Texas 0.10% New 144,560 $8.9M
JPMorgan Chase & Co. 0.00% Reduce -63.7% 143,059 $8.8M
US Bancorp \de 0.01% Add +3.1% 137,425 $8.5M
Ameriprise Financial Inc. 0.00% Add +179.0% 136,414 $8.4M
Capital Fund Management S.A. 0.10% Reduce -63.2% 132,150 $8.1M
Marshall Wace, LLP 0.01% Add +240.2% 125,004 $7.7M
Tudor Investment Corporation 0.07% Reduce -52.8% 119,752 $7.4M
Fayez Sarofim & Co 0.02% Reduce -0.4% 117,056 $7.2M
Curi Capital, LLC 0.17% New 113,244 $7.0M
Squarepoint Ops LLC 0.02% Add +39.1% 109,862 $6.8M
Clearbridge Investments, LLC 0.01% Add +16.6% 108,773 $6.7M
Schonfeld Strategic Advisors LLC 0.04% Add +604.6% 107,098 $6.6M
Northwestern Mutual Wealth Management Co. 0.01% Add +22.7% 105,838 $6.5M
Dimensional Fund Advisors LP 0.00% Add +3.5% 105,764 $6.5M
Ally Financial Inc. 0.73% No change 105,000 $6.5M
Hillman Capital Management, Inc. 3.15% Reduce -13.8% 103,850 $6.4M
GFS Advisors, LLC 1.19% Reduce -54.4% 96,615 $5.9M
HRT Financial LP 0.04% New 95,072 $5.9M
Quantinno Capital Management LP 0.04% Reduce -8.8% 92,773 $5.7M
Heron Bay Capital Management 1.19% Reduce -1.2% 91,899 $5.7M
Stifel Financial Corp. 0.01% Reduce -28.2% 89,545 $5.5M
QRG Capital Management, Inc. 0.06% Add +43.6% 87,019 $5.4M
Ethic Inc. 0.11% Add +2.9% 86,009 $5.3M
Creative Planning 0.01% Add +30.8% 86,009 $5.3M
Public Employees Retirement System of Ohio 0.02% New 83,966 $5.2M
Ironwood Investment Counsel, LLC 0.89% Add +2.3% 83,469 $5.1M
Charles Schwab Investment Management Inc. 0.00% Add +88.6% 79,511 $4.9M
Mercer Global Advisors Inc. 0.01% Add +38.5% 78,226 $4.8M
Cetera Investment Advisers 0.01% Add +29.5% 76,529 $4.7M
XTX Topco Ltd 0.24% Add +111.9% 75,102 $4.6M
Buttonwood Financial Advisors Inc. 2.03% Add +1.6% 75,028 $4.6M
Invesco Ltd. 0.00% Reduce -2.1% 71,078 $4.4M
Compass Wealth Management LLC 1.06% Reduce -2.7% 67,506 $4.2M
Bank of New York Mellon Corp 0.00% Reduce -8.0% 65,259 $4.0M
MML Investors Services, LLC 0.01% Reduce -1.5% 63,019 $3.9M
Sanctuary Advisors, LLC 0.03% Reduce -17.9% 62,794 $3.9M
Baird Financial Group, Inc. 0.01% Add +1.8% 59,306 $3.7M
Cerity Partners LLC 0.01% Reduce -4.6% 58,854 $3.6M
Commonwealth Equity Services, LLC 0.01% Reduce -15.2% 57,425 $3.5M
Pekin Hardy Strauss, Inc. 0.43% Add +113.0% 57,409 $3.5M
Oppenheimer Asset Management Inc. 0.04% Add +25.9% 56,492 $3.5M
Osaic Holdings, Inc. 0.01% Reduce -18.1% 54,626 $3.4M
Jones Financial Companies LLLP 0.00% Add +29.8% 53,479 $3.3M
Schwerin Boyle Capital Management Inc. 0.33% Reduce -7.8% 52,761 $3.2M
Aquatic Capital Management LLC 0.08% Reduce -60.9% 52,637 $3.2M
Assetmark, Inc. 0.01% Add +2.0% 51,433 $3.2M
RBF Capital, LLC 0.19% No change 50,000 $3.1M
Motley Fool Wealth Management, LLC 0.18% Reduce -6.5% 49,397 $3.0M
Trexquant Investment LP 0.04% Reduce -77.7% 48,975 $3.0M
O'shaughnessy Asset Management, LLC 0.02% Add +24.8% 47,679 $2.9M
Hudson Bay Capital Management LP 0.02% New 47,252 $2.9M
SeaBridge Investment Advisors LLC 0.62% New 46,922 $2.9M
Beacon Pointe Advisors, LLC 0.03% Reduce -2.0% 46,780 $2.9M
Capital Group Private Client Services, Inc. 0.03% Reduce -78.5% 46,763 $2.9M
Ruffer LLP 0.11% No change 45,000 $2.8M
Vestmark Advisory Solutions, Inc. 0.07% Add +102.2% 42,758 $2.6M
Cambridge Investment Research Advisors, Inc. 0.01% Add +6.0% 41,213 $2.5M
Vanguard Personalized Indexing Management, LLC 0.04% Add +41.4% 41,121 $2.5M
Jane Street Group, LLC 0.00% Reduce -85.3% 40,932 $2.5M
HighTower Advisors, LLC 0.00% Reduce -17.2% 39,265 $2.4M
Koss-Olinger Consulting, LLC 0.20% Add +2.5% 38,549 $2.4M
Choreo, LLC 0.04% Reduce -7.0% 37,337 $2.3M
Mariner, LLC 0.00% Reduce -7.6% 37,247 $2.3M
Wolverine Trading, LLC 0.07% Add +44.7% 36,785 $2.3M
&partners 0.02% Add +0.4% 36,220 $2.2M
Atria Wealth Solutions, Inc. 0.03% New 36,381 $2.2M
Wealth Enhancement Advisory Services, LLC 0.00% Add +1.0% 35,879 $2.2M
Atria Investments, Inc 0.03% Add +40.8% 34,515 $2.1M
Onex Canada Asset Management Inc. 0.27% Reduce -12.2% 33,699 $2.1M
Neuberger Berman Group LLC 0.00% Add +712.4% 33,259 $2.0M
Pinnacle Financial Partners Inc 0.04% New 38,032 $2.0M
Two Sigma Investments, LP 0.00% Reduce -90.6% 28,900 $1.8M
Integrated Investment Consultants, LLC 0.35% Reduce -1.8% 28,467 $1.8M
Abc Arbitrage SA 0.32% New 28,113 $1.7M
Walleye Capital LLC 0.02% Add +12318.8% 27,818 $1.7M
B. Metzler seel. Sohn & Co. AG 0.02% Reduce -2.1% 27,331 $1.7M
Yousif Capital Management, LLC 0.02% No change 27,291 $1.7M
Callan Family Office, LLC 0.13% Reduce -2.8% 27,113 $1.7M
Quadrant Capital Group LLC 0.06% Add +246.1% 27,077 $1.7M
Highland Capital Management, LLC 0.10% Add +11.5% 27,070 $1.7M
Beach Investment Counsel Inc. 0.24% Add +4.0% 28,640 $1.6M
Focus Partners Wealth 0.00% Add +19.3% 26,428 $1.6M
Trivium Point Advisory, LLC 0.20% Reduce -23.9% 26,050 $1.6M
Round Hill Asset Management 1.14% Reduce -2.5% 25,794 $1.6M
Exencial Wealth Advisors, LLC 0.06% Reduce -19.1% 25,348 $1.6M
Sequoia Financial Advisors, LLC 0.01% Add +224.7% 25,254 $1.6M
Franklin Resources Inc. 0.00% Add +43.5% 24,889 $1.5M
Bayesian Capital Management, LP 0.25% Add +187.2% 24,700 $1.5M
Avantax Advisory Services, Inc. 0.01% Add +11.8% 23,926 $1.5M
Price Capital Management, Inc. 3.69% New 23,780 $1.5M
Premier Path Wealth Partners, LLC 0.23% Add +9.8% 23,602 $1.5M
Ascent Group, LLC 0.06% Add +11.1% 23,311 $1.4M
Fox Run Management, L.L.C. 0.22% New 22,684 $1.4M
Citadel Investment Advisory, Inc. 0.67% Add +883.9% 22,207 $1.4M
Citigroup Inc. 0.00% Reduce -52.5% 22,129 $1.4M
Truist Financial Corp. 0.00% Reduce -16.0% 21,606 $1.3M
NewEdge Wealth, LLC 0.02% Reduce -0.5% 21,380 $1.3M
PNC Financial Services Group, Inc. 0.00% Add +5.4% 21,365 $1.3M
Orion Porfolio Solutions, LLC 0.01% Add +13.6% 21,351 $1.3M
Orion Portfolio Solutions, LLC 0.01% Add +13.6% 21,351 $1.3M
Outfitters Financial LLC 1.18% Reduce -1.9% 21,330 $1.3M
Bleakley Financial Group, LLC 0.04% Reduce -1.1% 21,144 $1.3M
Engineers Gate Manager LP 0.02% Reduce -70.2% 20,144 $1.2M
Taikang Asset Management (Hong Kong) Co Ltd 0.17% Reduce -50.0% 20,000 $1.2M
Headlands Technologies LLC 0.14% Reduce -67.8% 19,825 $1.2M
Connor, Clark & Lunn Investment Management Ltd. 0.01% New 19,206 $1.2M
Tower Research Capital LLC (TRC) 0.03% Add +425.7% 18,694 $1.2M
Naviter Wealth, LLC 0.14% Reduce -7.3% 18,407 $1.1M
Private Advisor Group, LLC 0.01% Add +17.2% 18,162 $1.1M
Kestra Advisory Services, LLC 0.01% Reduce -22.6% 18,072 $1.1M
Sterling Capital Management LLC 0.02% Add +20.6% 17,434 $1.1M
Signaturefd, LLC 0.02% Add +8.4% 17,410 $1.1M
Crossmark Global Holdings, Inc. 0.02% Add +1.1% 16,991 $1.0M
Rhumbline Advisers 0.00% Reduce -1.1% 16,616 $1.0M
Founders Financial Securities LLC 0.09% Reduce -3.5% 15,536 $1.0M
Scotia Capital Inc. 0.01% Reduce -2.3% 15,042 $926K
Callan Capital, LLC 0.07% Add +40.8% 14,929 $919K
D.A. Davidson & Co. 0.01% Reduce -72.2% 14,862 $915K
Compound Planning, Inc. 0.04% Add +82.5% 14,784 $910K
Tidal Investments LLC 0.01% Add +6.2% 14,739 $907K
Merit Financial Group, LLC 0.01% Add +31.7% 14,635 $901K
Janney Montgomery Scott LLC 0.00% Reduce -40.1% 14,597 $899K
Cullen/Frost Bankers, Inc. 0.01% Reduce -6.2% 14,589 $898K
Profund Advisors LLC 0.04% Add +53.6% 14,330 $882K
Central Pacific Bank - Trust Division 0.12% Add +2.9% 13,525 $833K
Caprock Group, LLC 0.02% Add +0.3% 13,262 $816K
Jain Global LLC 0.02% New 13,043 $803K
Brandes Investment Partners, LP 0.01% Add +0.8% 13,020 $802K
Point72 Hong Kong Ltd 0.06% Reduce -63.0% 12,984 $799K
Pacer Advisors, Inc. 0.00% Add +6.8% 12,953 $797K
Susquehanna International Group, LLP 0.00% Reduce -36.6% 12,895 $794K
My Legacy Advisors, LLC 0.30% Reduce -5.0% 12,663 $780K
Solitude Financial Services 0.30% Add +22.5% 12,520 $771K
Guggenheim Capital LLC 0.01% Reduce -15.0% 12,085 $744K
Venturi Wealth Management, LLC 0.04% Reduce -15.3% 12,065 $743K
Ellevest, Inc. 0.05% Add +49.3% 11,854 $730K
NorthCoast Asset Management LLC 0.00% Reduce -8.7% 11,776 $725K
Transatlantique Private Wealth LLC 0.29% New 11,632 $716K
Prosperity Consulting Group, LLC 0.06% Reduce -5.7% 11,615 $715K
Icon Advisers Inc. 0.17% Reduce -36.6% 11,600 $714K
GeoWealth Management, LLC 0.03% Add +6.0% 11,333 $698K
Two Sigma Securities, LLC 0.11% New 11,300 $696K
United Capital Financial Advisors, LLC 0.01% Add +7.3% 11,096 $683K
Markel Group 0.01% No change 11,000 $677K
GC Wealth Management RIA, LLC 0.12% Add +4.7% 10,998 $677K
Poehling Capital Management, INC. 0.17% Reduce -1.4% 10,895 $671K
Flow Traders U.S. LLC 0.03% Add +67.3% 10,772 $663K
CW Advisors, LLC 0.01% Add +101.6% 10,639 $655K
TriaGen Wealth Management LLC 0.23% Reduce -0.9% 10,600 $653K
TD Waterhouse Canada Inc. 0.01% Add +9.3% 10,580 $652K
Corient Private Wealth LP 0.00% Add +12.2% 10,559 $650K
Manske Wealth Management 0.24% Add +34.9% 10,426 $642K
TBH Global Asset Management, LLC 0.12% No change 10,425 $642K
Kestra Private Wealth Services, LLC 0.01% Reduce -0.8% 10,234 $630K
Schechter Investment Advisors, LLC 0.05% Reduce -9.8% 10,200 $628K
Annis Gardner Whiting Capital Advisors, LLC 0.26% Reduce -3.5% 10,156 $625K
Independent Financial Group, LLC 0.02% Reduce -31.8% 9,920 $611K
Steward Partners Investment Advisory, LLC 0.01% Reduce -1.9% 9,733 $599K
Brooklyn Investment Group 0.13% Add +874.0% 9,711 $598K
Captrust Financial Advisors 0.00% Reduce -4.1% 9,678 $596K
SageView Advisory Group, LLC 0.02% Reduce -5.4% 9,428 $580K
Cwm, LLC 0.00% Reduce -6.3% 9,309 $573K
Prossimo Advisors, LLC 0.43% Reduce -3.2% 9,187 $566K
CHICAGO TRUST Co NA 0.11% Add +20.0% 9,111 $561K
Advisory Services Network, LLC 0.01% Reduce -3.3% 9,057 $558K
Persium Advisors, LLC 0.53% New 9,053 $557K
AQR Capital Management 0.00% Add +52.9% 9,036 $556K
NewEdge Advisors, LLC 0.00% Add +7.8% 8,869 $546K
Balanced Rock Investment Advisors LLC 0.42% Add +0.6% 8,614 $530K
Michels Family Financial, LLC 0.48% Reduce -0.6% 8,541 $526K
Forum Financial Management, LP 0.01% No change 8,326 $513K
First Trust Advisors LP 0.00% Reduce -28.8% 8,310 $512K
Csenge Advisory Group 0.03% Reduce -14.4% 7,653 $502K
Old North State Wealth Management, LLC 0.27% Add +42.7% 7,800 $480K
Farringdon Capital, Ltd. 0.24% New 7,736 $476K
Vontobel Holding Ltd. 0.00% Add +2.3% 7,678 $473K
MAI Capital Management 0.00% Reduce -8.0% 7,617 $469K
LVW Advisors, LLC 0.06% Add +18.2% 7,615 $469K
Jump Financial, LLC 0.01% New 7,399 $455K
Pinnacle Wealth Planning Services, Inc. 0.07% Add +44.5% 7,375 $454K
May Hill Capital, LLC 0.17% New 7,374 $454K
Geneos Wealth Management Inc. 0.02% Reduce -15.3% 7,326 $451K
V-Square Quantitative Management LLC 0.07% Add +9.5% 7,285 $448K
Quantbot Technologies LP 0.01% Reduce -59.4% 7,222 $445K
1832 Asset Management L.P. 0.00% Add +3.5% 7,131 $439K
Continuum Advisory, LLC 0.06% Reduce -4.6% 6,993 $430K
Ballentine Partners, LLC 0.01% Reduce -1.0% 6,842 $421K
Russell Investments Group, Ltd. 0.00% Add +165.9% 6,826 $420K
Personal Cfo Solutions, LLC 0.08% Add +9.8% 6,780 $417K
Gallacher Capital Management LLC 0.20% Add +18.1% 6,715 $413K
Kennondale Capital Management LLC 0.45% No change 6,643 $409K
Glenview Trust Co 0.01% Reduce -8.3% 6,592 $406K
Versant Capital Management, Inc 0.07% Add +2647.5% 6,484 $399K
Berkshire Asset Management LLC 0.02% Reduce -70.4% 5,922 $397K
Concurrent Investment Advisors, LLC 0.01% New 6,422 $395K
PDS Planning, Inc 0.03% Add +23.8% 6,414 $395K
Aaron Wealth Advisors LLC 0.04% Reduce -7.0% 6,343 $390K
ICONIQ Capital, LLC 0.01% New 6,304 $388K
Ieq Capital, LLC 0.00% Add +26.3% 6,044 $372K
Excalibur Management Corp. 0.14% Add +0.1% 5,944 $366K
M&T Bank Corp 0.00% Add +23.9% 5,805 $357K
Commerce Bank 0.00% Reduce -10.1% 5,710 $352K
Parallel Advisors, LLC 0.01% Add +65.4% 5,684 $350K
Investors Research Corp 0.08% No change 5,674 $349K
626 Financial, LLC 0.18% Reduce -15.3% 5,672 $349K
Integrated Advisors Network LLC 0.02% Add +6.1% 5,663 $349K
HighPoint Advisor Group LLC 0.02% Add +14.8% 5,363 $348K
Evergreen Capital Management LLC 0.01% Reduce -10.6% 5,518 $340K
Avidian Wealth Enterprises, LLC 0.02% Reduce -6.1% 5,507 $339K
Eldridge Investment Advisors, Inc. 0.08% No change 5,500 $339K
AE Wealth Management LLC 0.00% Add +17.3% 5,490 $338K
Keystone Financial Group 0.03% Reduce -3.4% 5,442 $335K
Jacobs & Co. 0.04% Reduce -9.1% 5,383 $331K
Richardson Financial Services Inc. 0.25% Reduce -0.8% 5,242 $323K
Mutual Advisors, LLC 0.01% Reduce -1.0% 4,890 $318K
HB Wealth Management, LLC 0.00% Add +9.0% 5,107 $314K
Vident Advisory, LLC 0.00% New 5,038 $310K
American Assets Inc. 0.11% No change 5,000 $308K
Pinnacle Associates Ltd. 0.00% New 4,985 $307K
Cable Hill Partners, LLC 0.03% New 4,659 $307K
Signature Estate & Investment Advisors LLC 0.01% Reduce -15.5% 4,963 $306K
Rehmann Capital Advisory Group 0.02% Add +6.0% 4,961 $305K
Sagespring Wealth Partners, LLC 0.01% New 4,890 $301K
Allspring Global Investments Holdings, LLC 0.00% Reduce -4.5% 4,817 $299K
Brucke Financial, Inc. 0.26% New 4,496 $296K
Prime Capital Investment Advisors, LLC 0.00% Add +7.6% 4,805 $296K
Eagle Rock Investment Company, LLC 0.05% No change 4,726 $291K
Moors & Cabot, Inc. 0.01% Reduce -13.1% 4,630 $285K
SG Americas Securities, LLC 0.00% New 4,628 $285K
Pettee Investors, Inc. 0.17% Reduce -9.9% 4,538 $279K
Smartleaf Asset Management LLC 0.03% Add +52.4% 4,420 $274K
OneDigital Investment Advisors LLC 0.00% Reduce -24.7% 4,434 $273K
Benjamin Edwards Inc. 0.00% Reduce -50.4% 4,221 $260K
Pettyjohn, Wood & White, Inc. 0.05% Reduce -2.3% 4,190 $258K
B. Riley Wealth Advisors, Inc. 0.01% Reduce -2.8% 4,122 $254K
Valeo Financial Advisors, LLC 0.01% New 4,077 $251K
Tyler-Stone Wealth Management 0.04% Reduce -4.8% 4,000 $246K
Dorsey & Whitney Trust CO LLC 0.01% Reduce -5.6% 3,990 $246K
Greenleaf Trust 0.00% New 3,977 $245K
Envestnet Portfolio Solutions, Inc. 0.00% Reduce -75.4% 3,900 $240K
Hazlett, Burt & Watson, Inc. 0.11% No change 3,850 $237K
Pitcairn Co. 0.01% New 3,825 $235K
Apollon Wealth Management, LLC 0.01% New 3,786 $233K
West Bancorporation Inc. 0.16% New 3,780 $233K
First Affirmative Financial Network 0.14% New 3,766 $232K
Oppenheimer & Co. Inc. 0.00% New 3,737 $230K
Covenant Partners, LLC 0.07% Reduce -37.4% 3,729 $230K
Mitchell McLeod Pugh & Williams Inc. 0.05% New 3,615 $223K
S.E.E.D. Planning Group LLC 0.07% New 3,602 $222K
Moneta Group Investment Advisors LLC 0.00% Reduce -13.5% 3,584 $221K
Ritholtz Wealth Management 0.01% Reduce -65.9% 3,581 $220K
Cornerstone Wealth Management, LLC 0.01% New 3,577 $220K
Douglass Winthrop Advisors, LLC 0.00% Reduce -99.4% 3,576 $220K
Roehl & Yi Investment Advisors, LLC 0.12% New 3,559 $219K
Checchi Capital Advisers, LLC 0.02% New 3,558 $219K
Pittenger & Anderson Inc. 0.01% Add +73.1% 3,549 $218K
Perennial Investment Advisors, LLC 0.02% New 3,525 $217K
Brown Brothers Harriman & Co. 0.00% Reduce -18.2% 3,518 $217K
Stephens Inc. 0.00% New 3,511 $216K
Fairvoy Private Wealth, LLC 0.06% New 3,509 $216K
Centiva Capital, LP 0.01% Reduce -69.7% 3,450 $212K
FSM Wealth Advisors, LLC 0.05% New 3,432 $211K
Cresset Asset Management, LLC 0.00% New 3,425 $211K
Sage Rhino Capital LLC 0.05% New 3,307 $204K
Quintet Private Bank (Europe) S.A. 0.01% No change 3,290 $203K
Aprio Wealth Management, LLC 0.03% New 3,289 $202K
Am Investment Strategies LLC 0.05% New 3,275 $202K
Banco Bilbao Vizcaya Argentaria, S.A. 0.00% Reduce -57.8% 3,252 $200K
National Bank of Canada 0.00% Reduce -99.7% 3,147 $194K
Federation des caisses Desjardins du Quebec 0.00% Reduce -17.0% 3,137 $193K
Cetera Trust Company, N.A 0.12% New 3,100 $191K
Coldstream Capital Management Inc. 0.00% New 3,004 $185K
Whittier Trust Co. of Nevada Inc. 0.00% Add +95.9% 2,878 $177K
Principal Securities, Inc. 0.00% No change 3,519 $176K
Hexagon Capital Partners LLC 0.03% Add +11.2% 2,862 $176K
Leonteq Securities AG 0.01% Reduce -73.1% 2,808 $173K
Penserra Capital Management LLC 0.00% Add +24.7% 2,553 $157K
IFP Advisors, Inc 0.00% Reduce -60.1% 2,429 $150K
Lindbrook Capital, LLC 0.01% Add +47.4% 2,421 $149K
Whittier Trust Co. 0.00% Reduce -29.9% 2,350 $145K
TCTC Holdings, LLC 0.01% Add +35.6% 2,306 $142K
SVB Wealth LLC 0.01% New 2,270 $140K
Golden State Wealth Management, LLC 0.02% Add +2.0% 2,006 $124K
Rothschild Investment LLC 0.01% Reduce -0.8% 1,980 $122K
Farther Finance Advisors, LLC 0.00% Add +40.7% 1,826 $112K
CENTRAL TRUST Co 0.00% Reduce -15.3% 1,753 $108K
Arax Advisory Partners 0.01% New 1,734 $107K
Ascentis Wealth Management, LLC 0.03% No change 1,655 $102K
EverSource Wealth Advisors, LLC 0.01% Reduce -59.6% 1,639 $101K
Pflug Koory, LLC 0.06% No change 1,627 $100K
Brown, Lisle/Cummings, Inc. 0.03% Reduce -34.6% 1,585 $98K
Banque de Luxembourg S.A. 0.06% No change 1,566 $96K
UMB Bank, n.a. 0.00% Reduce -24.3% 1,502 $92K
Wilmington Savings Fund Society, FSB 0.00% Reduce -2.3% 1,430 $88K
Blue Trust, Inc. 0.00% Reduce -31.0% 1,424 $88K
Armstrong Advisory Group, Inc. 0.01% No change 1,692 $85K
Bessemer Group Inc. 0.00% Add +66.0% 1,336 $83K
Hara Capital LLC 0.05% Add +13.1% 1,312 $81K
Rosenberg Matthew Hamilton 0.02% No change 1,301 $80K
Toronto Dominion Bank 0.00% New 1,280 $79K
Allworth Financial LP 0.00% Add +2.0% 1,196 $79K
Harbour Investments, Inc. 0.00% Reduce -56.1% 1,262 $78K
Pinnacle Bancorp, Inc. 0.03% No change 1,250 $77K
Credit Agricole S A 0.00% Reduce -22.8% 1,205 $74K
Kayne Anderson Rudnick Investment Management LLC 0.00% Add +6572.2% 1,201 $74K
Huntington National Bank 0.00% Reduce -4.3% 1,193 $73K
GAMMA Investing LLC 0.01% Add +27.0% 1,158 $71K
BNP Paribas Financial Markets 0.00% Reduce -98.9% 1,127 $69K
Cromwell Holdings LLC 0.04% Reduce -39.9% 1,125 $69K
Accredited Wealth Management, LLC 0.05% No change 1,055 $65K
Laurel Wealth Advisors LLC 0.01% Add +23.5% 1,050 $65K
JNBA Financial Advisors 0.01% Reduce -19.2% 1,050 $65K
10Elms LLP 0.08% New 1,042 $64K
Hantz Financial Services, Inc. 0.00% Add +381.1% 1,044 $64K
Future Financial Wealth Managment LLC 0.05% No change 1,000 $62K
Grove Bank & Trust 0.01% No change 1,000 $62K
Larson Financial Group LLC 0.00% Add +65.1% 964 $59K
Whipplewood Advisors, LLC 0.03% Reduce -23.9% 542 $51K
Addison Advisors LLC 0.01% Add +46.5% 804 $49K
Rossby Financial, LCC 0.02% New 748 $49K
Anchor Investment Management, LLC 0.00% No change 772 $48K
Private Trust Co. NA 0.00% Reduce -13.5% 733 $45K
St Germain D J Co. Inc. 0.00% New 664 $41K
Garde Capital, Inc. 0.00% New 600 $37K
Mather Group, Llc. 0.00% Reduce -0.7% 565 $35K
CoreCap Advisors, LLC 0.00% Add +2.6% 560 $34K
CIBC Private Wealth Group LLC 0.00% Reduce -51.4% 559 $33K
Lanark Financial, Inc. 0.00% — 524 $32K
GPS Wealth Strategies Group, LLC 0.00% Add +25.1% 513 $32K
JFS Wealth Advisors, LLC 0.00% Add +18.4% 501 $31K
Westside Investment Management, Inc. 0.01% Reduce -53.8% 500 $31K
Delta Asset Management LLC 0.00% No change 500 $31K
New England Capital Financial Advisors LLC 0.02% Reduce -13.5% 482 $30K
Spire Wealth Management 0.00% Reduce -30.6% 420 $26K
Legacy Wealth Managment, LLC 0.02% No change 413 $25K
SOA Wealth Advisors, LLC. 0.01% No change 406 $25K
Independence Bank of Kentucky 0.00% No change 400 $25K
Main Street Group, LTD 0.01% Add +40.6% 360 $22K
Caitong International Asset Management Co., Ltd 0.01% Add +5150.0% 315 $19K
Beacon Capital Management, LLC 0.00% Add +87.3% 309 $19K
Atlas Capital Advisors Inc. 0.00% No change 309 $19K
Abound Wealth Management 0.01% Reduce -3.5% 304 $19K
CarsonAllaria Wealth Management, Ltd. 0.01% No change 303 $19K
Prestige Wealth Management Group LLC 0.00% No change 302 $19K
Archer Investment Corp 0.00% No change 298 $18K
Frazier Financial Advisors, LLC 0.01% Reduce -1.8% 273 $17K
WPG Advisers, LLC 0.02% Reduce -22.8% 267 $16K
SRH Advisors, LLC 0.00% No change 259 $16K
Costello Asset Management, INC 0.01% No change 256 $16K
Sierra Ocean, LLC 0.01% Add +62.4% 242 $15K
Parkside Financial Bank & Trust 0.00% Add +30.8% 242 $15K
HHM Wealth Advisors, LLC 0.00% No change 230 $14K
Tortoise Investment Management, LLC 0.00% No change 225 $14K
Clearstead Advisors, LLC 0.00% Reduce -98.6% 221 $14K
Fifth Third Bancorp 0.00% Add +20.3% 219 $13K
Ransom Advisory, Ltd 0.01% No change 200 $12K
Kelly Lawrence W & Associates Inc. 0.00% No change 200 $12K
DT Investment Partners, LLC 0.00% No change 200 $12K
Highline Wealth Partners LLC 0.00% New 198 $12K
Robinswood Financial LLC 0.00% New 178 $11K
Atala Financial Inc 0.01% No change 171 $11K
Farmers & Merchants Investments Inc. 0.00% Add +97.7% 168 $10K
Cape Investment Advisory, Inc. 0.00% No change 158 $10K
Winch Advisory Services, LLC 0.00% No change 152 $9K
Oakworth Capital, Inc. 0.00% New 137 $8K
Truvestments Capital LLC 0.00% New 125 $8K
Citizens National Bank Trust Department 0.00% No change 125 $8K
Thurston, Springer, Miller, Herd & Titak, Inc. 0.00% New 125 $8K
Binnacle Investments Inc 0.01% — 117 $7K
GW&K Investment Management, LLC 0.00% No change 114 $7K
Murphy & Mullick Capital Management Corp 0.01% No change 112 $7K
Bell Investment Advisors, Inc 0.00% Add +96.3% 106 $7K
Anderson Financial Strategies, LLC 0.00% New 102 $6K
Sunbelt Securities, Inc. 0.00% No change 103 $6K
North Capital, Inc. 0.01% — 101 $6K
Ridgewood Investments LLC 0.00% New 101 $6K
Friedenthal Financial 0.00% New 100 $6K
Carolina Wealth Advisors, LLC 0.00% No change 100 $6K
Burkett Financial Services, LLC 0.00% No change 100 $6K
SouthState Bank Corp 0.00% New 100 $6K
Baillie Gifford & Co. 0.00% No change 100 $6K
Eastern Bank 0.00% New 82 $5K
Avion Wealth 0.00% No change 100 $5K
Plante Moran Financial Advisors, LLC 0.00% Reduce -9.5% 76 $5K
NewSquare Capital LLC 0.00% Add +141.9% 75 $5K
Zions Bancorporation, National Association 0.00% — 75 $5K
Salem Investment Counselors Inc. 0.00% Add +78.0% 73 $4K
TD Private Client Wealth LLC 0.00% Add +24.5% 66 $4K
Capital Advisors, Ltd. LLC 0.00% No change 68 $4K
Capital Analysts, LLC 0.00% No change 68 $4K
Transce3nd, LLC 0.00% Reduce -82.4% 64 $4K
McIlrath & Eck, LLC 0.00% New 63 $4K
Salomon & Ludwin, LLC 0.00% No change 62 $4K
IFS Advisors, LLC 0.00% No change 61 $4K
REAP Financial Group, LLC 0.00% Add +144.0% 61 $4K
Fortitude Family Office, LLC 0.00% No change 58 $4K
Carolinas Wealth Consulting LLC 0.00% Add +1.8% 56 $3K
Cornerstone Planning Group LLC 0.00% Add +81.5% 49 $3K
Clark Wealth Partners 0.00% No change 50 $3K
NFSG Corp 0.00% No change 50 $3K
Flaharty Asset Management, LLC 0.00% New 50 $3K
TD Capital Management LLC 0.00% No change 50 $3K
ESL Trust Services, LLC 0.00% No change 49 $3K
Vermillion Wealth Management, Inc. 0.00% No change 47 $3K
Sandy Spring Bank 0.00% No change 46 $3K
Bruce G. Allen Investments, LLC 0.00% No change 44 $3K
Raffa Wealth Management, LLC 0.00% No change 43 $3K
Federated Hermes, Inc. 0.00% Reduce -39.4% 43 $3K
SWAN Capital LLC 0.00% No change 42 $3K
Physician Wealth Advisors, Inc. 0.00% No change 42 $3K
TruNorth Capital Management, LLC 0.00% No change 40 $2K
Morton Brown Family Wealth, LLC 0.00% New 38 $2K
Financial Network Wealth Advisors LLC 0.00% New 37 $2K
Wolff Wiese Magana LLC 0.00% New 37 $2K
Hughes Financial Services, LLC 0.00% New 35 $2K
PrairieView Partners, LLC 0.00% No change 35 $2K
CX Institutional 0.00% New 30 $2K
Key Financial Inc 0.00% No change 32 $2K
St. Johns Investment Management Company, LLC 0.00% No change 25 $2K
City State Bank 0.00% No change 25 $2K
Creative Financial Designs Inc. 0.00% New 22 $1K
Rakuten Securities, Inc. 0.00% Reduce -96.6% 21 $1K
Asset Dedication, LLC 0.00% New 21 $1K
HighMark Wealth Management LLC 0.00% New 20 $1K
Wiser Advisor Group LLC 0.00% Reduce -92.8% 19 $1K
First Horizon Advisors, Inc. 0.00% New 19 $1K
Darwin Wealth Management, LLC 0.00% No change 23 $1K
AdvisorNet Financial, Inc 0.00% No change 17 $1K
1620 Investment Advisors, Inc. 0.00% No change 15 $923
Sound Income Strategies, LLC 0.00% No change 14 $877
Bare Financial Services, Inc 0.00% New 14 $862
First Pacific Financial 0.00% New 13 $801
Iron Horse Wealth Management, LLC 0.00% No change 12 $739
Private Wealth Asset Management, LLC 0.00% — 11 $677
First Community Trust NA 0.00% New 10 $616
Bogart Wealth, LLC 0.00% New 10 $616
Riggs Asset Managment Co. Inc. 0.00% No change 6 $370
Pension & Wealth Management Advisors, Inc. 0.00% No change 5 $310
MJT & Associates Financial Advisory Group, Inc. 0.00% — 5 $308
Park Square Financial Group, LLC 0.00% No change 5 $308
Pineridge Advisors LLC 0.00% No change 5 $308
High Note Wealth, LLC 0.00% New 4 $246
Activest Wealth Management 0.00% No change 4 $246
Millstone Evans Group, LLC 0.00% No change 3 $185

"% of holder's portfolio" is BUD's weight in each manager's 13F, not the share of Anheuser-Busch Inbev-SPN ADR the manager owns.