L3VLUP
Quarter end
30 Jun 2025
the date the book describes
Filed
14 Aug 2025
latest of these filings; the earliest 1 Aug 2025
Managers listing it
7
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q1 2025 and Q2 2025; 6 listed it in both
Shares listed
40,769,039
combined, among listed positions
Reported value
$2.8bn
combined, at the quarter end

Among the 95 comparable managers: 3 buyers (opened or added shares) and 4 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing BUD in Q2 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q1 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

7 of 7 holders

ActionFiling
Dodge & Cox38,477,542$2.6bn1.49%Trimmed-2,638,59613 Aug 2025 (the filing on sec.gov)
Renaissance Technologies LLC1,201,200$83m0.11%Added+279,10013 Aug 2025 (the filing on sec.gov)
Holocene Advisors LP494,740$34m0.08%Newnew14 Aug 2025 (the filing on sec.gov)
Artisan Partners LP427,683$29munder 0.1%Trimmed-827,71412 Aug 2025 (the filing on sec.gov)
Freestone Grove Partners LP156,761$11m0.08%Trimmed-8,30414 Aug 2025 (the filing on sec.gov)
Markel Group Inc11,000$756kunder 0.1%Held01 Aug 2025 (the filing on sec.gov)
Baillie Gifford & Co113$8kunder 0.1%Added+136 Aug 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q1 2025 to Q2 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
10 in Q3 2024 to 7 in Q2 2026

Tracked managers listing it, at least.

051015202014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BUD by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201311$1.9bnn.a.n.a.
Q3 201310$2.4bnn.a.n.a.
Q4 201313$2.8bnn.a.n.a.
Q1 201414$2.7bnn.a.n.a.
Q2 201413$3.1bnn.a.n.a.
Q3 201412$2.8bnn.a.n.a.
Q4 201410$2.4bnn.a.n.a.
Q1 201513$2.7bnn.a.n.a.
Q2 201512$2.4bnn.a.n.a.
Q3 201516$2.4bnn.a.n.a.
Q4 201513$2.8bnn.a.n.a.
Q1 201614$2.2bnn.a.n.a.
Q2 201616$2.5bnn.a.n.a.
Q3 201612$2.4bnn.a.n.a.
Q4 201610$1.5bnn.a.n.a.
Q1 20178$2.0bnn.a.n.a.
Q2 201711$2.3bnn.a.n.a.
Q3 201713$3.0bnn.a.n.a.
Q4 201714$3.6bnn.a.n.a.
Q1 201811$3.0bnn.a.n.a.
Q2 20189$815mn.a.n.a.
Q3 20184$353mn.a.n.a.
Q4 20188$306mn.a.n.a.
Q1 201910$600mn.a.n.a.
Q2 20198$546mn.a.n.a.
Q3 20199$524mn.a.n.a.
Q4 20197$227mn.a.n.a.
Q1 20205$194mn.a.n.a.
Q2 20201$109mn.a.n.a.
Q3 20202$47mn.a.n.a.
Q4 20201$1.2mn.a.n.a.
Q1 20213$54mn.a.n.a.
Q2 20214$62mn.a.n.a.
Q3 20211$1.5mn.a.n.a.
Q4 20212$912mn.a.n.a.
Q1 20223$1.3bnn.a.n.a.
Q2 20223$1.3bnn.a.n.a.
Q3 20223$1.3bnn.a.n.a.
Q4 20223$1.7bnn.a.n.a.
Q1 20234$1.9bnn.a.n.a.
Q2 20235$1.5bnn.a.n.a.
Q3 20233$1.8bnn.a.n.a.
Q4 20235$2.2bn31
Q1 202410$2.6bn72
Q2 202410$2.1bn44
Q3 202410$2.5bn73
Q4 20248$2.2bn51
Q1 20259$2.8bn61
Q2 20257$2.8bn34
Q3 20255$2.3bn24
Q4 20256$2.4bn1710
Q1 20269$2.5bn218
Q2 20267$3.0bn1216

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

BUD and PM →BUD and KO →BUD and COST →Choose a stock to compare with BUD →

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. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own BUD, latest filings →Back to the 13F Explorer →