Who owns BUD (BUD)
Which tracked institutional funds hold BUD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BUD company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
135 tracked funds added or opened BUD while 71 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
BUD’s largest tracked holder by dollar value, DODGE & COX, sizes it at 1.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BUD divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 542 tracked filers holding BUD, 284 increased or opened the position and 242 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in BUD between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 33
- JANE STREET GROUP, LLC$29M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$27M
- Capital Wealth Planning, LLC$18M
- Lancaster Investment Management$15M
- LMR Partners LLP$5M
- CAPSTONE INVESTMENT ADVISORS, LLC$5M
Full exits 25
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC$96M
- VICTORY CAPITAL MANAGEMENT INC$63M
- HBK INVESTMENTS L P$12M
- Hillman Capital Management, Inc.$5M
- Heron Bay Capital Management$4M
- SeaBridge Investment Advisors LLC$3M
Largest adds
- Fisher Asset Management, LLC$98M
- BANK OF MONTREAL /CAN/$65M
- BALYASNY ASSET MANAGEMENT L.P.$59M
- Connor, Clark & Lunn Investment Management Ltd.$51M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$37M
- FMR LLC$36M
Largest trims
- GQG Partners LLC$149M
- GOLDMAN SACHS GROUP INC$132M
- DODGE & COX$61M
- Clarkston Capital Partners, LLC$60M
- BANK OF AMERICA CORP /DE/$60M
- Point72 Asset Management, L.P.$39M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| DODGE & COX trimmed | 29,683,736 | $2.1B | 31.9% | 2026-Q1 |
| Fisher Asset Management, LLC added | 11,915,690 | $827M | 12.8% | 2026-Q1 |
| MORGAN STANLEY trimmed | 3,867,240 | $268M | 4.2% | 2026-Q1 |
| FMR LLC added | 2,681,957 | $186M | 2.9% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 2,315,245 | $161M | 2.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,134,347 | $148M | 2.3% | 2026-Q1 |
| DAVENPORT & Co LLC trimmed | 1,827,154 | $126M | 2.0% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 1,794,612 | $124M | 1.9% | 2026-Q1 |
| GATES FOUNDATION TRUST | 1,703,000 | $118M | 1.8% | 2026-Q1 |
| Capital International Investors trimmed | 1,490,530 | $102M | 1.6% | 2026-Q1 |
| Holocene Advisors, LP added | 1,360,523 | $94M | 1.5% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 1,312,814 | $91M | 1.4% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 1,208,118 | $84M | 1.3% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 1,071,347 | $74M | 1.2% | 2026-Q1 |
| BlackRock, Inc. added | 1,051,935 | $73M | 1.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 1,048,221 | $73M | 1.1% | 2026-Q1 |
| Seafarer Capital Partners, LLC | 1,034,000 | $72M | 1.1% | 2026-Q1 |
| UBS Group AG added | 1,003,250 | $70M | 1.1% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 985,938 | $68M | 1.1% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 976,894 | $68M | 1.1% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 847,758 | $58M | 0.9% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 810,874 | $56M | 0.9% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 802,152 | $56M | 0.9% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 769,686 | $53M | 0.8% | 2026-Q1 |
| Douglas Lane & Associates, LLC trimmed | 769,240 | $53M | 0.8% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 749,417 | $52M | 0.8% | 2026-Q1 |
| Alberta Investment Management Corp | 645,100 | $45M | 0.7% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 601,440 | $42M | 0.6% | 2026-Q1 |
| CAUSEWAY CAPITAL MANAGEMENT LLC trimmed | 580,131 | $40M | 0.6% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 491,345 | $34M | 0.5% | 2026-Q1 |
| PENN DAVIS MCFARLAND INC trimmed | 485,264 | $34M | 0.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 431,591 | $30M | 0.5% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 417,739 | $29M | 0.4% | 2026-Q1 |
| Cook & Bynum Capital Management, LLC | 403,914 | $28M | 0.4% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 392,897 | $27M | 0.4% | 2026-Q1 |
| SEI INVESTMENTS CO added | 370,795 | $26M | 0.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 363,086 | $25M | 0.4% | 2026-Q1 |
| Invesco Ltd. added | 329,128 | $23M | 0.4% | 2026-Q1 |
| OLD MISSION CAPITAL LLC added | 272,460 | $19M | 0.3% | 2026-Q1 |
| HRT FINANCIAL LP added | 271,614 | $19M | 0.3% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 258,679 | $18M | 0.3% | 2026-Q1 |
| Capital Wealth Planning, LLC added | 255,033 | $18M | 0.3% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 254,015 | $18M | 0.3% | 2026-Q1 |
| EVERETT HARRIS & CO /CA/ trimmed | 238,473 | $17M | 0.3% | 2026-Q1 |
| Quantinno Capital Management LP added | 214,841 | $15M | 0.2% | 2026-Q1 |
| Lancaster Investment Management new | 212,527 | $15M | 0.2% | 2026-Q1 |
| NATIXIS ADVISORS, LLC added | 206,119 | $14M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 206,756 | $14M | 0.2% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 182,101 | $13M | 0.2% | 2026-Q1 |
| Creative Planning added | 177,506 | $12M | 0.2% | 2026-Q1 |
| THOMPSON SIEGEL & WALMSLEY LLC trimmed | 173,864 | $12M | 0.2% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 173,845 | $12M | 0.2% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 172,353 | $12M | 0.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 172,177 | $12M | 0.2% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 169,906 | $12M | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 168,900 | $12M | 0.2% | 2026-Q1 |
| LPL Financial LLC trimmed | 160,485 | $11M | 0.2% | 2026-Q1 |
| SALT Holding Corp. added | 154,173 | $11M | 0.2% | 2026-Q1 |
| Capco Asset Management, LLC trimmed | 145,742 | $10M | 0.2% | 2026-Q1 |
| US BANCORP \DE\ added | 140,034 | $10M | 0.2% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 135,156 | $10M | 0.1% | 2026-Q1 |
| Walleye Trading LLC trimmed | 134,447 | $9M | 0.1% | 2026-Q1 |
| Pathstone Holdings, LLC trimmed | 132,899 | $9M | 0.1% | 2026-Q1 |
| Azimuth Capital Investment Management LLC added | 127,902 | $9M | 0.1% | 2026-Q1 |
| FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC trimmed | 127,842 | $9M | 0.1% | 2026-Q1 |
| BARCLAYS PLC added | 123,786 | $9M | 0.1% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 121,435 | $8M | 0.1% | 2026-Q1 |
| GREAT LAKES ADVISORS, LLC trimmed | 120,557 | $8M | 0.1% | 2026-Q1 |
| CITIGROUP INC added | 120,335 | $8M | 0.1% | 2026-Q1 |
| Engineers Gate Manager LP added | 108,612 | $8M | 0.1% | 2026-Q1 |
| Curi Capital, LLC trimmed | 107,592 | $7M | 0.1% | 2026-Q1 |
| XTX Topco Ltd added | 107,266 | $7M | 0.1% | 2026-Q1 |
| Fayez Sarofim & Co trimmed | 106,006 | $7M | 0.1% | 2026-Q1 |
| Callan Family Office, LLC trimmed | 105,167 | $7M | 0.1% | 2026-Q1 |
| Ally Financial Inc. | 105,000 | $7M | 0.1% | 2026-Q1 |
| Clearbridge Investments, LLC trimmed | 101,675 | $7M | 0.1% | 2026-Q1 |
| Tower Research Capital LLC (TRC) added | 101,049 | $7M | 0.1% | 2026-Q1 |
| Optiver Holding B.V. added | 98,970 | $7M | 0.1% | 2026-Q1 |
| Ironwood Investment Counsel, LLC added | 92,618 | $6M | 0.1% | 2026-Q1 |
| Brooklyn Investment Group added | 90,480 | $6M | 0.1% | 2026-Q1 |
| QRG CAPITAL MANAGEMENT, INC. added | 88,081 | $6M | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 87,422 | $6M | 0.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 85,349 | $6M | 0.1% | 2026-Q1 |
| Ethic Inc. trimmed | 81,839 | $6M | 0.1% | 2026-Q1 |
| Clarkston Capital Partners, LLC trimmed | 80,465 | $6M | 0.1% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 77,471 | $5M | 0.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 75,775 | $5M | 0.1% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 75,774 | $5M | 0.1% | 2026-Q1 |
| LMR Partners LLP added | 75,000 | $5M | 0.1% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC trimmed | 1,501,890 | $96M | 1.5% | 2025-Q4 stale |
| VICTORY CAPITAL MANAGEMENT INC added | 986,538 | $63M | 1.0% | 2025-Q4 stale |
| NORGES BANK added | 690,292 | $42M | 0.7% | 2025-Q1 stale |
| Long Focus Capital Management, LLC added | 580,000 | $36M | 0.6% | 2025-Q1 stale |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 457,029 | $31M | 0.5% | 2025-Q2 stale |
| Artisan Partners Limited Partnership trimmed | 427,683 | $29M | 0.5% | 2025-Q2 stale |
| HBK INVESTMENTS L P trimmed | 185,796 | $12M | 0.2% | 2025-Q4 stale |
| Perpetual Ltd added | 195,368 | $12M | 0.2% | 2025-Q3 stale |
| Freestone Grove Partners LP | 156,761 | $9M | 0.1% | 2025-Q3 stale |
| Employees Retirement System of Texas added | 144,560 | $9M | 0.1% | 2025-Q1 stale |
| Hillman Capital Management, Inc. trimmed | 82,631 | $5M | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.