Form 13-F position report

ANHEUSER BUSCH INBEV SA/NV

Reported by BILL & MELINDA GATES FOUNDATION TRUST

BUD CUSIP 03524A108 Manager CIK 0001166559

Reported 1,703,000 shares, unchanged from the prior quarter.

Reported value 7.4%; share count 0.0% vs. the prior quarter.

Unchanged
% of reported 13F value 0.31% This manager · Q4 2025
Shares 1,703,000 Quarter-end amount reported
Reported value $109,060,120 Fair value at quarter end
Consecutive quarters held 11 Through Q4 2025

Reported position value by quarter

Reported position value by quarter

Each bar is a Form 13-F quarter-end snapshot. It does not show trades made within the quarter.

Reported position value by quarter
Date Holding Value
2023-06-30 96594160
2023-09-30 94175900
2023-12-31 110047860
2024-03-31 103508340
2024-06-30 99029450
2024-09-30 112891870
2024-12-31 85269210
2025-03-31 104836680
2025-06-30 117030160
2025-09-30 101515830
2025-12-31 109060120
2026-03-31 118137110
2026-06-30 140327200

Quarterly position history

How this manager's reported quarter-end position changed over time.

13 quarters
Quarterly reported position history for ANHEUSER BUSCH INBEV SA/NV held by BILL & MELINDA GATES FOUNDATION TRUST.
Quarter Activity Shares Change % of reported 13F Reported value Filed Source filing
Q2 2026 Unchanged 1,703,000 0 (0.0%) 0.41% $140,327,200 2026-08-14
Q1 2026 Unchanged 1,703,000 0 (0.0%) 0.37% $118,137,110 2026-05-15
Q4 2025 Unchanged 1,703,000 0 (0.0%) 0.31% $109,060,120 2026-02-17
Q3 2025 Unchanged 1,703,000 0 (0.0%) 0.28% $101,515,830 2025-11-14
Q2 2025 Unchanged 1,703,000 0 (0.0%) 0.24% $117,030,160 2025-08-14
Q1 2025 Unchanged 1,703,000 0 (0.0%) 0.25% $104,836,680 2025-05-15
Q4 2024 Unchanged 1,703,000 0 (0.0%) 0.2% $85,269,210 2025-02-14
Q3 2024 Unchanged 1,703,000 0 (0.0%) 0.25% $112,891,870 2024-11-14
Q2 2024 Unchanged 1,703,000 0 (0.0%) 0.21% $99,029,450 2024-08-14
Q1 2024 Unchanged 1,703,000 0 (0.0%) 0.23% $103,508,340 2024-05-15
Q4 2023 Unchanged 1,703,000 0 (0.0%) 0.26% $110,047,860 2024-02-14
Q3 2023 Unchanged 1,703,000 0 (0.0%) 0.24% $94,175,900 2023-11-14
Q2 2023 New 1,703,000 +1,703,000 (0.0%) 0.23% $96,594,160 2023-08-14

Who else reported the position

598 managers reported ANHEUSER BUSCH INBEV SA/NV for Q4 2025.

Managers reporting ANHEUSER BUSCH INBEV SA/NV in Q4 2025.
Manager Activity Shares Change % of reported 13F Reported value Tenure
Dodge & Cox Reduced 33,113,431 -3,432,790 1.14% $2,120,584,121 17 qtrs
Fisher Asset Management LLC Added 11,380,404 +368,721 0.25% $728,801,132 51 qtrs
MORGAN STANLEY Added 4,205,767 +966,378 0.02% $269,337,464 51 qtrs
The Goldman Sachs Group Inc Added 4,013,053 +45,199 0.03% $256,995,905 51 qtrs
Bank of America Corporation Reduced 3,246,746 -524,200 0.02% $207,921,634 51 qtrs
FMR LLC Reduced 2,345,694 -2,940,975 < 0.01% $150,218,272 51 qtrs
GQG Partners LLC New 2,338,805 +2,338,805 0.25% $149,778,322 1 qtr
DAVENPORT & Co LLC Reduced 2,080,580 -237 0.71% $133,571,261 51 qtrs
D E Shaw & Co Inc Added 2,037,289 +877,890 0.07% $130,467,988 10 qtrs
BILL & MELINDA GATES FOUNDATION TRUST This report Unchanged 1,703,000 0 0.31% $109,060,120 11 qtrs
Premium adds each manager's conviction percentile across reporting peers.
Filing details and methodology As reported
Report period
December 31, 2025
Filed
February 17, 2026
Filing type
13F-HR
Position type
SPONSORED ADR

Voting authority reported

Sole
1,703,000
Shared
0
None
0

“None” means the manager reported no voting authority for those shares on non-routine matters. It does not disclose why and is not evidence of securities lending.

Form 13-F is a delayed quarter-end snapshot of disclosed long Section 13(f) securities. It can be filed up to 45 days after quarter end, excludes short positions and most non-U.S. securities, and does not reveal intra-quarter trading. For options, reported shares and value describe the underlying-share exposure; strike, expiry, premium, and written positions are not disclosed.