Holders over time
- BUD
- PM
| Quarter | BUD | PM |
|---|---|---|
| Q3 2020 | 2 holders, $47m | 25 holders, $19.7bn |
| Q4 2020 | 1 holders, $1.2m | 25 holders, $21.5bn |
| Q1 2021 | 3 holders, $54m | 27 holders, $22.1bn |
| Q2 2021 | 4 holders, $62m | 20 holders, $23.2bn |
| Q3 2021 | 1 holders, $1.5m | 25 holders, $22.8bn |
| Q4 2021 | 2 holders, $912m | 26 holders, $22.3bn |
| Q1 2022 | 3 holders, $1.3bn | 29 holders, $23.2bn |
| Q2 2022 | 3 holders, $1.3bn | 28 holders, $25.8bn |
| Q3 2022 | 3 holders, $1.3bn | 33 holders, $22.2bn |
| Q4 2022 | 3 holders, $1.7bn | 26 holders, $27.0bn |
| Q1 2023 | 4 holders, $1.9bn | 36 holders, $27.6bn |
| Q2 2023 | 5 holders, $1.5bn | 29 holders, $28.9bn |
| Q3 2023 | 3 holders, $1.8bn | 32 holders, $28.5bn |
| Q4 2023 | 5 holders, $2.2bn | 34 holders, $28.8bn |
| Q1 2024 | 10 holders, $2.6bn | 36 holders, $28.4bn |
| Q2 2024 | 10 holders, $2.1bn | 31 holders, $31.4bn |
| Q3 2024 | 10 holders, $2.5bn | 39 holders, $38.2bn |
| Q4 2024 | 8 holders, $2.2bn | 40 holders, $36.6bn |
| Q1 2025 | 9 holders, $2.8bn | 44 holders, $49.1bn |
| Q2 2025 | 7 holders, $2.8bn | 44 holders, $54.3bn |
| Q3 2025 | 5 holders, $2.3bn | 36 holders, $49.3bn |
| Q4 2025 | 6 holders, $2.4bn | 26 holders, $50.5bn |
| Q1 2026 | 9 holders, $2.5bn | 25 holders, $57.3bn |
| Q2 2026 | 7 holders, $3.0bn | 27 holders, $63.8bn |
Anheuser-busch Inbev NV
- Holders
- 10
- Reported value
- $2.1bn
- Buyers
- 4
- Sellers
- 4
Breadth 0 among 94 comparable managers.
Philip Morris Intl Inc
- Holders
- 31
- Reported value
- $31.4bn
- Buyers
- 16
- Sellers
- 14
Breadth +2 among 94 comparable managers.
Who holds both, Q2 2024
Both (5)
Dodge & Cox, Markel Group Inc, Tudor Investment Corp, Two Sigma Investments LP, Verition Fund Management LLC
Only BUD (5)
Baillie Gifford & Co, Davidson Kempner Capital Management LP, ExodusPoint Capital Management LP, Holocene Advisors LP, Renaissance Technologies LLC
Only PM (26)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, D1 Capital Partners LP, Discovery Capital Management LLC, Fidelity (FMR LLC), First Eagle Investment Management LLC, Harris Associates LP, Invesco Ltd, Jane Street Group LLC, Lone Pine Capital LLC, Maverick Capital Ltd, MFS Investment Management, Millennium Management LLC, Neuberger Berman Group LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Viking Global Investors LP, Voloridge Investment Management LLC, and 1 more
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.