- Quarter end
- 31 Dec 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 23 Jan 2026
- Managers listing it
- 23
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 3 listed it in both
- Shares listed
- 43,295,646
- combined, among listed positions
- Reported value
- $2.8bn
- combined, at the quarter end
Among the 92 comparable managers: 17 buyers (opened or added shares) and 10 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -2,867,625.
Managers listing BUD in Q4 2025
23 of 23 holders
Largest increases and reductions, by shares
Increases
- Holocene Advisors LPnew position · 1,039,934 shares now+1,039,934
- D. E. Shaw & Co.existing position · 2,037,289 shares now+877,890
- Point72 Asset Management LPnew position · 786,664 shares now+786,664
- Citadel Advisors LLCexisting position · 1,270,119 shares now+517,643
- Balyasny Asset Management LLCexisting position · 505,421 shares now+462,839
Reductions
- Dodge & Coxexisting position · 33,113,431 shares now-3,432,790
- Fidelity (FMR LLC)existing position · 2,345,694 shares now-2,940,975
- Renaissance Technologies LLCexisting position · 492,274 shares now-617,900
- Acadian Asset Management LLCexisting position · 3,817 shares now-13,511
- Neuberger Berman Group LLCexisting position · 141,950 shares now-12,781
New positions and exits
New (6)
Exited (4)
- Freestone Grove Partners LPwas $9.3m
- Jane Street Group LLCwas $8.8m
- Squarepoint Ops LLCwas $1.5m
- Baillie Gifford & Cowas $7k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 11 | $1.9bn | n.a. | n.a. |
| Q3 2013 | 10 | $2.4bn | n.a. | n.a. |
| Q4 2013 | 13 | $2.8bn | n.a. | n.a. |
| Q1 2014 | 14 | $2.7bn | n.a. | n.a. |
| Q2 2014 | 13 | $3.1bn | n.a. | n.a. |
| Q3 2014 | 12 | $2.8bn | n.a. | n.a. |
| Q4 2014 | 10 | $2.4bn | n.a. | n.a. |
| Q1 2015 | 13 | $2.7bn | n.a. | n.a. |
| Q2 2015 | 12 | $2.4bn | n.a. | n.a. |
| Q3 2015 | 16 | $2.4bn | n.a. | n.a. |
| Q4 2015 | 13 | $2.8bn | n.a. | n.a. |
| Q1 2016 | 14 | $2.2bn | n.a. | n.a. |
| Q2 2016 | 16 | $2.5bn | n.a. | n.a. |
| Q3 2016 | 12 | $2.4bn | n.a. | n.a. |
| Q4 2016 | 10 | $1.5bn | n.a. | n.a. |
| Q1 2017 | 8 | $2.0bn | n.a. | n.a. |
| Q2 2017 | 11 | $2.3bn | n.a. | n.a. |
| Q3 2017 | 13 | $3.0bn | n.a. | n.a. |
| Q4 2017 | 14 | $3.6bn | n.a. | n.a. |
| Q1 2018 | 11 | $3.0bn | n.a. | n.a. |
| Q2 2018 | 9 | $815m | n.a. | n.a. |
| Q3 2018 | 4 | $353m | n.a. | n.a. |
| Q4 2018 | 8 | $306m | n.a. | n.a. |
| Q1 2019 | 10 | $600m | n.a. | n.a. |
| Q2 2019 | 8 | $546m | n.a. | n.a. |
| Q3 2019 | 9 | $524m | n.a. | n.a. |
| Q4 2019 | 7 | $227m | n.a. | n.a. |
| Q1 2020 | 5 | $194m | n.a. | n.a. |
| Q2 2020 | 1 | $109m | n.a. | n.a. |
| Q3 2020 | 2 | $47m | n.a. | n.a. |
| Q4 2020 | 1 | $1.2m | n.a. | n.a. |
| Q1 2021 | 3 | $54m | n.a. | n.a. |
| Q2 2021 | 4 | $62m | n.a. | n.a. |
| Q3 2021 | 1 | $1.5m | n.a. | n.a. |
| Q4 2021 | 2 | $912m | n.a. | n.a. |
| Q1 2022 | 3 | $1.3bn | n.a. | n.a. |
| Q2 2022 | 3 | $1.3bn | n.a. | n.a. |
| Q3 2022 | 3 | $1.3bn | n.a. | n.a. |
| Q4 2022 | 3 | $1.7bn | n.a. | n.a. |
| Q1 2023 | 4 | $1.9bn | n.a. | n.a. |
| Q2 2023 | 5 | $1.5bn | n.a. | n.a. |
| Q3 2023 | 3 | $1.8bn | n.a. | n.a. |
| Q4 2023 | 5 | $2.2bn | 3 | 1 |
| Q1 2024 | 10 | $2.6bn | 7 | 2 |
| Q2 2024 | 10 | $2.1bn | 4 | 4 |
| Q3 2024 | 10 | $2.5bn | 7 | 3 |
| Q4 2024 | 8 | $2.2bn | 5 | 1 |
| Q1 2025 | 9 | $2.8bn | 6 | 1 |
| Q2 2025 | 7 | $2.8bn | 3 | 4 |
| Q3 2025 | 5 | $2.3bn | 2 | 4 |
| Q4 2025 | 6 | $2.4bn | 17 | 10 |
| Q1 2026 | 9 | $2.5bn | 21 | 8 |
| Q2 2026 | 7 | $3.0bn | 12 | 16 |
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 →