Anheuser-Busch

BUD
CUSIP 03524A108 NYSE ADR
Reported in filings as: ANHEUSER-BUSCH INBEV-SPN ADR
Option CUSIPs: 03524A908 03524A958

Institutional ownership · Q2 2025

Latest quarter (Q2 2026)
Institutional holders 512 +16 (+3.2%) vs Q1 2025
Reported value $7.4B +8.5% vs Q1 2025
Shares held 107.3M -3.1M shares
Quarter Q2 2025 Period ended Jun 30, 2025

512 institutional managers reported holding 107,313,133 shares worth $7,373,593,918 on Form 13F for Q2 2025, against 496 in Q1 2025. Share positions on CUSIP 03524A108 only; option legs and principal-amount lines are not counted.

Top 25 institutional holders · Q2 2025

Largest Q2 2025 Form 13F holders of CUSIP 03524A108 by reported value
# Manager Shares Value % of portfolio Change Position page
1 Dodge & Cox 38,477,542 $2.6B 1.49% -2.6M Position
2 Fisher Asset Management LLC 10,663,933 $732.8M 0.29% +454.6K Position
3 FMR LLC 6,955,781 $478.0M 0.03% +5.4M Position
4 MANUFACTURERS LIFE INSURANCE COMPANY THE 6,901,509 $474.3M 0.42% -322.4K Position
5 Bank of America Corporation 3,344,451 $229.8M 0.02% +641.2K Position
6 MORGAN STANLEY 2,665,110 $183.1M 0.01% -178.4K Position
7 DAVENPORT & Co LLC 2,145,235 $147.3M 0.8% -16.6K Position
8 The Goldman Sachs Group Inc 2,034,125 $139.8M 0.02% +715.9K Position
9 ROYAL BANK OF CANADA 2,032,032 $139.6M 0.03% -1.9M Position
10 BILL & MELINDA GATES FOUNDATION TRUST 1,703,000 $117.0M 0.24% — Position
11 Capital International Investors 1,596,917 $109.4M 0.02% -760.1K Position
12 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1,230,440 $84.6M 0.27% -1.6M Position
13 RENAISSANCE TECHNOLOGIES LLC 1,201,200 $82.5M 0.11% +279.1K Position
14 Clarkston Capital Partners LLC 1,034,827 $71.1M 1.51% -463.5K Position
15 Seafarer Capital Partners LLC 1,019,000 $70.0M 19.12% — Position
16 NORTHERN TRUST CORPORATION 1,008,058 $69.3M < 0.01% +40.5K Position
17 Douglas Lane & Associates LLC 970,173 $66.7M 0.97% -60.7K Position
18 BlackRock Inc 866,761 $59.6M < 0.01% +166.9K Position
19 WELLS FARGO & COMPANY MN 854,028 $58.7M 0.01% -27.0K Position
20 RAYMOND JAMES FINANCIAL INC 829,698 $57.0M 0.02% -100.2K Position
21 Citigroup Inc 697,647 $47.9M 0.02% +675.5K Position
22 CAUSEWAY CAPITAL MANAGEMENT LLC 647,477 $44.5M 0.7% -44.4K Position
23 Alberta Investment Management Corp 560,000 $38.5M 0.3% -203.8K Position
24 ENVESTNET ASSET MANAGEMENT INC 554,333 $38.1M 0.01% -80.3K Position
25 VICTORY CAPITAL MANAGEMENT INC 539,239 $37.1M 0.02% New Position

Values as reported on each manager's Q2 2025 Form 13F. Change is in shares against the manager's prior-quarter filing.

13F holders by quarter

Form 13F holders of CUSIP 03524A108 by quarter
Quarter Holders Shares Value
Q2 2026 618 +68 95.8M $7.9B
Q1 2026 550 +14 92.5M $6.4B
Q4 2025 536 +52 99.6M $6.4B
Q3 2025 484 -28 103.9M $6.2B
Q2 2025 512 +16 107.3M $7.4B
Q1 2025 496 +12 110.4M $6.8B
Q4 2024 484 -33 109.9M $5.5B
Q3 2024 517 +10 104.8M $6.9B
Q2 2024 507 -23 102.1M $6.0B
Q1 2024 530 +17 110.9M $6.7B
Q4 2023 513 +36 97.1M $6.3B
Q3 2023 477 -10 95.4M $5.3B
Q2 2023 487 -14 93.6M $5.3B
Q1 2023 501 -8 91.8M $6.1B
Q4 2022 509 +63 98.1M $6.2B
Q3 2022 446 -38 106.3M $4.8B
Q2 2022 484 +5 99.0M $5.3B
Q1 2022 479 -8 88.6M $5.3B
Q4 2021 487 +44 81.7M $4.9B
Q3 2021 443 77.6M $4.4B

Q3 2021–Q2 2026, as reported on Form 13F. Earlier quarters are in the ownership explorer below.

Fund holders · N-PORT

54 funds
Largest fund holders of CUSIP 03524A108 reported on Form N-PORT
Fund Value % of fund As of
Dodge & Cox Stock Fund $1.8B 1.5% Jun 2026
THE HARTFORD DIVIDEND AND GROWTH FUND $185.7M 0.99% Jul 2026
Dodge & Cox Balanced Fund $151.9M 1.03% Jun 2026
Bridge Builder Large Cap Value Fund $84.8M 0.29% Jun 2026
Seafarer Overseas Growth and Income Fund $84.8M 2.33% Jul 2026
HARTFORD DIVIDEND AND GROWTH HLS FUND $33.7M 0.97% Jun 2026
First Trust Value Line Dividend Index Fund FVD $32.0M 0.4% Jun 2026
DAVENPORT VALUE & INCOME FUND $31.9M 3.12% Jun 2026
Amplify CWP International Enhanced Dividend Income ETF $25.3M 1.97% Jun 2026
Avantis International Equity ETF AVDE $12.9M 0.08% May 2026

54 funds reported holding $2,530,644,206 in total on their latest public Form N-PORT reports, the most recent dated August 2026.

5%+ holders · 13D/G

2 filers
Schedule 13D and 13G filers reporting a stake in CUSIP 03524A108
Filer % of class Filed
BRC S a R L 13D 52.3% 2026-05-15
Altria Group Inc 13D 51.9% 2025-02-07

Latest Schedule 13D or 13G from each filer naming this CUSIP; stakes a filer has reported closed are left out.

Federal lobbying

Spend, trailing 12 months $5.5M Through Q3 2026, from quarterly LD-2 reports
Anheuser-Busch lobbying profile

Ownership explorer

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Security Details

CUSIP 03524A108
ISIN BE0974293251
FIGI BBG001T53FW2
Symbol BUD
Type Adr
Class SPONSORED ADR as filed on 13F
Exchange NYSE
Company Anheuser-Busch

Identifier History

Type Value From To
FIGI BBG001T53FW2 2026-02-07 Current
CUSIP 03524A108 2009-07-07 Current

Listing History

Symbol Exchange From To
BUDFF OTC 2026-02-07 Current
BUD NYSE 2009-10-01 Current
AHBIY US 2009-07-07 Current