L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
14 Nov 2025
latest of these filings; the earliest 31 Oct 2025
Managers listing it
5
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 4 listed it in both
Shares listed
37,840,075
combined, among listed positions
Reported value
$2.3bn
combined, at the quarter end

Among the 95 comparable managers: 2 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 Q3 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

5 of 5 holders

ActionFiling
Dodge & Cox36,546,221$2.2bn1.18%Trimmed-1,931,32113 Nov 2025 (the filing on sec.gov)
Renaissance Technologies LLC1,110,174$66m0.09%Trimmed-91,02613 Nov 2025 (the filing on sec.gov)
Freestone Grove Partners LP156,761$9.3m0.07%Held014 Nov 2025 (the filing on sec.gov)
Maverick Capital Ltd26,800$1.6munder 0.1%Newnew14 Nov 2025 (the filing on sec.gov)
Baillie Gifford & Co119$7kunder 0.1%Added+631 Oct 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q2 2025 to Q3 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.

Exited (2)

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 →