Anheuser-Busch InBev SA/NV

BUD • XNYS

Anheuser-Busch InBev SA/NV is a publicly traded company on XNYS. As of Q3 2025, 441 institutional investors hold shares in this company, with total holdings valued at $6.0B. DODGE & COX is the largest holder with a position valued at $2.2B.

Overview

Overview of institutional ownership in BUD as of Q3 2025

All Institutions

Institutions: 441
Value Held: $6.0B
Shares Held: 101.4M
Avg Position: $13.7M
Median Position: $346.3K

Hedge Funds

Hedge Funds: 26
Value Held: $214.9M
Shares Held: 3.6M
Avg Position: $8.3M
Median Position: $2.3M

Biggest Investors

Institutions with the largest positions in BUD as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
DODGE & COX Long Only Manager	Dana Morton Emery CEO	$2.2B 1.18% of portfolio	0.00% 36.5M shares	Q4 2022 Held for 2y 11m	$185.33B
F Fisher Asset Management, LLC Institution	-	$656.4M 0.24% of portfolio	0.00% 11.0M shares	Q1 2023 Held for 2y 8m	$276.29B
FMR LLC Institution	-	$315.1M 0.02% of portfolio	0.00% 5.3M shares	Q4 2022 Held for 2y 11m	$1.92T
M MANUFACTURERES LIFE INSURANCE CO Institution	-	$238.7M 0.20% of portfolio	0.00% 4.0M shares	Q1 2022 Held for 3y 8m	$120.17B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$236.5M 0.03% of portfolio	0.00% 4.0M shares	Q4 2022 Held for 2y 11m	$691.34B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$224.8M 0.02% of portfolio	0.00% 3.8M shares	Q4 2022 Held for 2y 11m	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$193.1M 0.01% of portfolio	0.00% 3.2M shares	Q4 2022 Held for 2y 11m	$1.65T
DAVENPORT & Co LLC RIA/Wealth	Irving Lee Iv Chapman CEO	$124.2M 0.67% of portfolio	0.00% 2.1M shares	Q1 2023 Held for 2y 8m	$18.6B
B BILL & MELINDA GATES FOUNDATION TRUST Institution	-	$101.5M 0.28% of portfolio	0.00% 1.7M shares	Q2 2023 Held for 2y 5m	$36.6B
C Capital International Investors Institution	-	$95.7M 0.02% of portfolio	0.00% 1.6M shares	Q4 2022 Held for 2y 11m	$615.90B

Net Capital Flow

Institutional buying and selling activity for BUD in Q3 2025

Traded: −$182.9M
Buyers: 188
Sellers: 244
Total Bought: +$542.5M
Total Sold: −$725.3M
Avg Position: $11.5M

Biggest Buyers

Institution	Net Bought	Current Position
GOLDMAN SACHS GROUP INC Institution	+$115.3M +1.9M shares	$236.5M 4.0M shares
D D. E. Shaw & Co., Inc. Institution	+$61.7M +1.0M shares	$69.1M 1.2M shares
BANK OF MONTREAL /CAN/ Institution	+$42.6M +714.4K shares	$70.9M 1.2M shares
MORGAN STANLEY RIA/Wealth	+$34.2M +574.3K shares	$193.1M 3.2M shares
FIRST TRUST ADVISORS LP ETF Provider	+$32.8M +550.8K shares	$39.0M 653.6K shares
UBS Group AG Institution	+$31.1M +521.1K shares	$52.1M 874.8K shares
BANK OF AMERICA CORP /DE/ Institution	+$25.4M +426.5K shares	$224.8M 3.8M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$22.5M +378.3K shares	$44.9M 752.5K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$21.1M +354.2K shares	$30.4M 509.9K shares
F Fisher Asset Management, LLC Institution	+$20.7M +347.8K shares	$656.4M 11.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
M MANUFACTURERES LIFE INSURANCE CO Institution	−$172.7M −2.9M shares	$238.7M 4.0M shares
DODGE & COX Long Only Manager	−$115.1M −1.9M shares	$2.2B 36.5M shares
FMR LLC Institution	−$99.5M −1.7M shares	$315.1M 5.3M shares
CITIGROUP INC Institution	−$37.3M −626.1K shares	$4.3M 71.5K shares
Holocene Advisors, LP Hedge Fund•Long/Short	−$34.0M −494.7K shares	Sold Off 0 shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$31.4M −457.0K shares	Sold Off 0 shares
Artisan Partners Limited Partnership Long Only Manager	−$29.4M −427.7K shares	Sold Off 0 shares
Marshall Wace LLP Institution	−$14.3M −240.0K shares	$5.8M 97.3K shares
HBK INVESTMENTS L P Hedge Fund•Multi-Strategy	−$13.5M −226.9K shares	$11.1M 185.8K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$13.0M −218.4K shares	$2.5M 42.6K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BUD in Q3 2025

New Positions: 37
New Value: $25.3M
Exited Positions: 81
Exited Value: $135.4M

New Positions

Institution	Position Value
BARCLAYS PLC Institution	$10.0M 167.8K shares
S SALT Holding Corp. Institution	$3.7M 62.6K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$3.3M 54.7K shares
R RBF Capital, LLC Institution	$3.0M 50.0K shares
GFS Advisors, LLC RIA/Wealth	$1.2M 20.3K shares
Fairtree Asset Management Ltd RIA/Wealth	$963.4K 16.2K shares
CULBERTSON A N & CO INC RIA/Wealth	$612.5K 10.3K shares
Lineweaver Wealth Advisors, LLC RIA/Wealth	$563.5K 9.5K shares
ARQ WEALTH ADVISORS, LLC RIA/Wealth	$540.1K 9.1K shares
P PEAK6 LLC Institution	$394.3K 6.6K shares

Exited Positions

Institution	Previous Position
Holocene Advisors, LP Hedge Fund•Long/Short	$34.0M 494.7K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$31.4M 457.0K shares
Artisan Partners Limited Partnership Long Only Manager	$29.4M 427.7K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$12.0M 175.0K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$4.7M 68.8K shares
Night Squared LP Hedge Fund•Long/Short	$3.0M 43.2K shares
GLUSKIN SHEFF & ASSOC INC Long Only Manager	$1.8M 25.6K shares
Atom Investors LP Hedge Fund•Market Neutral	$1.6M 24.0K shares
MIRABELLA FINANCIAL SERVICES LLP Institution	$1.5M 21.7K shares
C CANTOR FITZGERALD, L. P. Institution	$1.4M 21.1K shares

Options Activity

Institutions with the largest Call and Put options positions in BUD as of Q3 2025

Call Positions: 21
Call Value: $453.3M
Put Positions: 25
Put Value: $252.6M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$111.2M 18.7K contracts
L Long Focus Capital Management, LLC Hedge Fund•Global Macro	$73.1M 12.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$65.3M 11.0K contracts
BARCLAYS PLC Institution	$61.7M 10.4K contracts
J JANE STREET GROUP, LLC Institution	$43.7M 7.3K contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$28.1M 4.7K contracts
UBS Group AG Institution	$22.1M 3.7K contracts
DAVENPORT & Co LLC RIA/Wealth	$14.5M 2.4K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$7.2M 1.2K contracts
L LMR Partners LLP Institution	$5.8M 978.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$71.8M 12.1K contracts
BARCLAYS PLC Institution	$59.7M 10.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$42.4M 7.1K contracts
UBS Group AG Institution	$19.2M 3.2K contracts
J JANE STREET GROUP, LLC Institution	$8.1M 1.4K contracts
W WOLVERINE TRADING, LLC Institution	$7.3M 1.2K contracts
L LMR Partners LLP Institution	$6.8M 1.1K contracts
Interval Partners, LLC Hedge Fund•Long/Short	$6.5M 1.1K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$6.3M 1.1K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$4.5M 750.0 contracts

Most Committed Institutions

Institutions with BUD as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Cook & Bynum Capital Management, LLC Hedge Fund•Value	Amanda Stewart Pridgen CCO	19.23% $24.1M	0.00% 403.9K shares	Q4 2022 Held for 2y 11m	$125.2M
Seafarer Capital Partners, LLC Long Only Manager	Michelle Marie Foster CEO	17.58% $61.6M	0.00% 1.0M shares	Q4 2022 Held for 2y 11m	$350.6M
S SALT Holding Corp. Institution	-	4.71% $3.7M	0.00% 62.6K shares	Q3 2025 Held for 2 months	$79.2M
Capco Asset Management, LLC Hedge Fund•Value	William Hughes Harrell Managing Partner	4.26% $18.3M	0.00% 306.6K shares	Q4 2022 Held for 2y 11m	$428.9M
Hillman Capital Management, Inc. Long Only Manager	Mark Alan Hillman CEO	3.15% $5.4M	0.00% 90.7K shares	Q4 2022 Held for 2y 11m	$171.8M
PENN DAVIS MCFARLAND INC RIA/Wealth	Robert Van Ogden President	2.90% $27.7M	0.00% 464.1K shares	Q1 2023 Held for 2y 8m	$953.7M
X XY Capital Ltd Institution	-	1.95% $2.2M	0.00% 37.0K shares	Q2 2025 Held for 5 months	$113.1M
Clarkston Capital Partners LLC Long Only Manager	Jeffrey Anthony Hakala CEO	1.33% $61.7M	0.00% 1.0M shares	Q4 2022 Held for 2y 11m	$4.6B
Buttonwood Financial Advisors Inc. RIA/Wealth	Damian Joseph Gallina President	1.20% $3.5M	0.00% 58.7K shares	Q4 2022 Held for 2y 11m	$290.5M
DODGE & COX Long Only Manager	Dana Morton Emery CEO	1.18% $2.2B	0.00% 36.5M shares	Q4 2022 Held for 2y 11m	$185.33B

Hedge Fund Spotlight

Discover hedge funds investing in BUD

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in Anheuser-Busch InBev SA/NV

Market Value: $1.7M
Shares Held: 28.9K
Portfolio Weight: 0.00%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%