Anheuser-Busch Inbev-SPN ADRBUD
13F holders, Q3 2025 (September 30)At the end of Q3 2025, 483 institutions reported holding Anheuser-Busch Inbev-SPN ADR (BUD) in their 13F filings, down 31 from Q2 2025. 54 opened new positions and 81 sold out. The largest holders were Dodge & Cox ($2.2B), Fisher Asset Management ($656.4M) and FMR LLC ($315.1M). 10 famous investors held it, including Bill Gates / Michael Larson (0.3% of Gates Foundation Trust's portfolio), Ken Fisher (0.2% of Fisher Asset Management'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
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 54 | $24.4M |
| Exits | 81 | $138.0M |
All 13F filers, Q2 2025 → Q3 2025: 9,204,357 shares bought and 12,624,668 shares sold, net −3,420,311 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 483 holders
| Dodge & Cox | 1.18% | Reduce -5.0% | 36,546,221 | $2.2B |
| Fisher Asset Management | 0.24% | Add +3.3% | 11,011,683 | $656.4M |
| FMR LLC | 0.02% | Reduce -24.0% | 5,286,669 | $315.1M |
| Manufacturers Life Insurance Company, The | 0.20% | Reduce -42.0% | 4,004,251 | $238.7M |
| Goldman Sachs Group Inc. | 0.03% | Add +95.1% | 3,967,854 | $236.5M |
| Bank of America Corp. | 0.02% | Add +12.8% | 3,770,946 | $224.8M |
| Morgan Stanley | 0.01% | Add +21.6% | 3,239,389 | $193.1M |
| DAVENPORT & Co LLC | 0.67% | Reduce -3.0% | 2,080,817 | $124.2M |
| Gates Foundation Trust | 0.28% | No change | 1,703,000 | $101.5M |
| Capital International Investors | 0.02% | Add +0.1% | 1,598,808 | $95.7M |
| Royal Bank of Canada | 0.02% | Reduce -24.5% | 1,534,136 | $91.5M |
| Hotchkis & Wiley Capital Management LLC | 0.28% | Add +22.9% | 1,511,840 | $90.1M |
| Bank of Montreal | 0.03% | Add +150.6% | 1,188,876 | $70.9M |
| D. E. Shaw & Co. | 0.06% | Add +836.4% | 1,159,399 | $69.1M |
| Renaissance Technologies | 0.09% | Reduce -7.6% | 1,110,174 | $66.2M |
| Clarkston Capital Partners, LLC | 1.33% | Add +0.1% | 1,035,362 | $61.7M |
| Seafarer Capital Partners, LLC | 17.58% | Add +1.5% | 1,034,000 | $61.6M |
| Northern Trust Corp. | 0.01% | Add +1.0% | 1,017,780 | $60.7M |
| BlackRock, Inc. | 0.00% | Add +14.8% | 995,414 | $59.3M |
| UBS Group AG | 0.01% | Add +147.3% | 874,795 | $52.1M |
| Raymond James Financial Inc. | 0.02% | Add +5.0% | 870,939 | $51.9M |
| Douglas Lane & Associates, LLC | 0.69% | Reduce -14.3% | 831,372 | $49.6M |
| Victory Capital Management Inc. | 0.03% | Add +53.7% | 828,670 | $49.4M |
| Citadel Advisors | 0.04% | Add +101.1% | 752,476 | $44.9M |
| Alberta Investment Management Corp | 0.35% | Add +30.4% | 730,000 | $43.5M |
| Wells Fargo & Company | 0.01% | Reduce -18.7% | 694,685 | $41.4M |
| First Trust Advisors LP | 0.03% | Add +535.5% | 653,616 | $39.0M |
| Causeway Capital Management LLC | 0.48% | Reduce -5.8% | 609,686 | $36.3M |
| Optiver Holding B.V. | 0.51% | Add +14.4% | 525,005 | $31.3M |
| BNP Paribas Financial Markets | 0.02% | Add +227.5% | 509,904 | $30.4M |
| Envestnet Asset Management Inc. | 0.01% | Reduce -10.7% | 495,137 | $29.5M |
| Penn Davis McFarland Inc. | 2.86% | Reduce -0.3% | 464,094 | $27.7M |
| Cook & Bynum Capital Management, LLC | 19.23% | No change | 403,914 | $24.1M |
| First Manhattan Co. Llc. | 0.06% | Reduce -0.2% | 354,252 | $21.1M |
| Capco Asset Management, LLC | 4.26% | Reduce -23.9% | 306,625 | $18.3M |
| Sei Investments Co. | 0.02% | Reduce -16.3% | 292,012 | $17.4M |
| Invesco Ltd. | 0.00% | Add +23.9% | 291,678 | $17.4M |
| Walleye Trading LLC | 0.28% | Reduce -35.1% | 289,719 | $17.3M |
| Great Lakes Advisors, LLC | 0.14% | Reduce -1.1% | 279,335 | $16.7M |
| HRT Financial LP | 0.06% | Add +274.2% | 262,678 | $15.7M |
| Everett Harris & Co. | 0.17% | Reduce -3.0% | 236,898 | $14.1M |
| American Century Companies Inc. | 0.01% | Add +6.0% | 206,329 | $12.3M |
| Thompson Siegel & Walmsley LLC | 0.19% | Add +0.7% | 195,368 | $11.6M |
| Perpetual Ltd | 0.14% | Add +0.7% | 195,368 | $11.6M |
| LPL Financial LLC | 0.00% | Reduce -8.8% | 193,650 | $11.5M |
| HBK Investments L P | 0.18% | Reduce -55.0% | 185,798 | $11.1M |
| Fairview Capital Investment Management, LLC | 0.56% | Reduce -1.2% | 184,162 | $11.0M |
| Susquehanna International Group, LLP | 0.01% | Add +262.9% | 168,064 | $10.0M |
| Barclays PLC | 0.00% | Add +3386.4% | 167,835 | $10.0M |
| Freestone Grove Partners LP | 0.07% | No change | 156,761 | $9.3M |
| Neuberger Berman Group LLC | 0.01% | Add +66.7% | 154,731 | $9.2M |
| Jane Street Group, LLC | 0.01% | Reduce -56.8% | 147,639 | $8.8M |
| Natixis Advisors, LLC | 0.01% | Reduce -31.6% | 147,422 | $8.8M |
| JPMorgan Chase & Co. | 0.00% | Add +8.6% | 144,420 | $8.6M |
| Tower Research Capital LLC (TRC) | 0.23% | Add +65.0% | 140,318 | $8.4M |
| US Bancorp \de | 0.01% | Reduce -8.8% | 138,094 | $8.2M |
| Pathstone Holdings, LLC | 0.03% | Reduce -6.7% | 129,536 | $7.7M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +19.6% | 118,263 | $7.0M |
| Fayez Sarofim & Co | 0.02% | No change | 116,356 | $6.9M |
| Quantinno Capital Management LP | 0.02% | Reduce -12.3% | 110,741 | $6.6M |
| Creative Planning | 0.00% | Reduce -1.1% | 106,824 | $6.4M |
| Ally Financial Inc. | 0.77% | No change | 105,000 | $6.3M |
| Clearbridge Investments, LLC | 0.00% | Reduce -10.5% | 102,274 | $6.1M |
| Dimensional Fund Advisors LP | 0.00% | Add +1.1% | 101,751 | $6.1M |
| Marshall Wace, LLP | 0.01% | Reduce -71.2% | 97,319 | $5.8M |
| Hillman Capital Management, Inc. | 3.15% | Add +4.2% | 90,738 | $5.4M |
| Aquatic Capital Management LLC | 0.10% | New | 89,835 | $5.4M |
| Ironwood Investment Counsel, LLC | 0.76% | Add +3.0% | 87,058 | $5.2M |
| Callan Family Office, LLC | 0.16% | Reduce -7.2% | 86,788 | $5.2M |
| Ethic Inc. | 0.08% | Add +4.9% | 85,629 | $5.1M |
| Stifel Financial Corp. | 0.00% | Add +22.5% | 84,034 | $5.0M |
| Abc Arbitrage SA | 0.47% | Reduce -20.4% | 80,913 | $4.8M |
| Curi Capital, LLC | 0.09% | Reduce -29.1% | 80,785 | $4.8M |
| Capital Fund Management S.A. | 0.05% | Reduce -59.5% | 80,465 | $4.8M |
| Citigroup Inc. | 0.00% | Reduce -89.8% | 71,530 | $4.3M |
| Osaic Holdings, Inc. | 0.01% | Reduce -32.8% | 68,493 | $4.2M |
| Mercer Global Advisors Inc. | 0.01% | Reduce -12.9% | 70,434 | $4.2M |
| Azimuth Capital Investment Management LLC | 0.15% | Add +3.8% | 70,395 | $4.2M |
| O'shaughnessy Asset Management, LLC | 0.02% | Reduce -18.6% | 68,666 | $4.1M |
| Tudor Investment Corporation | 0.03% | Reduce -49.9% | 65,829 | $3.9M |
| Heron Bay Capital Management | 0.72% | Reduce -6.5% | 64,955 | $3.9M |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -18.5% | 62,806 | $3.7M |
| SALT Holding Corp. | 4.71% | New | 62,600 | $3.7M |
| Bank of New York Mellon Corp | 0.00% | Reduce -11.2% | 59,750 | $3.6M |
| Buttonwood Financial Advisors Inc. | 1.20% | Reduce -14.3% | 58,679 | $3.5M |
| Baird Financial Group, Inc. | 0.01% | Reduce -0.0% | 58,123 | $3.5M |
| Assetmark, Inc. | 0.01% | Add +0.2% | 57,478 | $3.4M |
| Cerity Partners LLC | 0.01% | Add +0.8% | 55,479 | $3.3M |
| MML Investors Services, LLC | 0.01% | Reduce -11.8% | 54,700 | $3.3M |
| SeaBridge Investment Advisors LLC | 0.53% | Add +7.3% | 54,540 | $3.3M |
| Cetera Investment Advisers | 0.00% | Add +4.6% | 54,277 | $3.2M |
| RBF Capital, LLC | 0.14% | No change | 50,000 | $3.0M |
| QRG Capital Management, Inc. | 0.04% | Reduce -46.9% | 49,805 | $3.0M |
| Oppenheimer Asset Management Inc. | 0.03% | Add +0.3% | 49,619 | $3.0M |
| Jones Financial Companies LLLP | 0.00% | Add +0.8% | 49,583 | $2.9M |
| Millennium Management | 0.00% | Reduce -53.7% | 47,327 | $2.8M |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +0.4% | 46,080 | $2.7M |
| Schwerin Boyle Capital Management Inc. | 0.30% | Reduce -8.5% | 45,873 | $2.7M |
| Ruffer LLP | 0.15% | No change | 45,000 | $2.7M |
| Cambridge Investment Research Advisors, Inc. | 0.01% | Add +16.4% | 44,746 | $2.7M |
"% 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.