Who owns 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-Q2 13F filings (latest filed 2026-09-02). 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
164 tracked funds added or opened BUD while 67 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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 1.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.2pp 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 2026-Q1 and 2026-Q2, across 591 tracked filers holding BUD, 347 increased or opened the position and 207 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 2026-Q1 and 2026-Q2 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 19
- NewEdge Advisors, LLC$43M
- Nuveen, LLC$11M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$8M
- Empire Life Investments Inc.$6M
- Nicholas Investment Partners, LP$5M
- Maven Securities LTD$4M
Full exits 30
- JANE STREET GROUP, LLC$29M
- OLD MISSION CAPITAL LLC$19M
- HRT FINANCIAL LP$19M
- Lancaster Investment Management$15M
- NATIXIS ADVISORS, LLC$14M
- THOMPSON SIEGEL & WALMSLEY LLC$12M
Largest adds
- DODGE & COX$370M
- WELLINGTON MANAGEMENT GROUP LLP$261M
- Fisher Asset Management, LLC$199M
- Point72 Asset Management, L.P.$180M
- Connor, Clark & Lunn Investment Management Ltd.$168M
- FMR LLC$83M
Largest trims
- D. E. Shaw & Co., Inc.$144M
- BALYASNY ASSET MANAGEMENT L.P.$76M
- BANK OF MONTREAL /CAN/$65M
- JPMORGAN CHASE & CO$37M
- RENAISSANCE TECHNOLOGIES LLC$27M
- BANK OF AMERICA CORP /DE/$26M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| DODGE & COX trimmed | 29,477,348 | $2.4B | 32.2% | 2026-Q2 |
| Fisher Asset Management, LLC added | 12,452,441 | $1.0B | 13.6% | 2026-Q2 |
| MORGAN STANLEY added | 3,963,862 | $327M | 4.3% | 2026-Q2 |
| FMR LLC added | 3,264,513 | $269M | 3.6% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP added | 3,190,248 | $263M | 3.5% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 2,866,192 | $236M | 3.1% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 2,328,833 | $192M | 2.5% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 1,949,023 | $161M | 2.1% | 2026-Q2 |
| GATES FOUNDATION TRUST | 1,703,000 | $140M | 1.9% | 2026-Q2 |
| Holocene Advisors, LP added | 1,654,178 | $136M | 1.8% | 2026-Q2 |
| DAVENPORT & Co LLC trimmed | 1,574,733 | $130M | 1.7% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 1,495,353 | $123M | 1.6% | 2026-Q2 |
| Capital International Investors trimmed | 1,476,944 | $124M | 1.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,475,769 | $122M | 1.6% | 2026-Q2 |
| BlackRock, Inc. added | 1,120,911 | $92M | 1.2% | 2026-Q2 |
| UBS Group AG added | 1,058,795 | $87M | 1.2% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 1,058,565 | $87M | 1.2% | 2026-Q2 |
| Seafarer Capital Partners, LLC | 1,034,000 | $85M | 1.1% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 934,042 | $77M | 1.0% | 2026-Q2 |
| GQG Partners LLC added | 918,338 | $76M | 1.0% | 2026-Q2 |
| Clearbridge Investments, LLC added | 863,168 | $71M | 0.9% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 851,483 | $70M | 0.9% | 2026-Q2 |
| Douglas Lane & Associates, LLC trimmed | 695,036 | $57M | 0.8% | 2026-Q2 |
| Alberta Investment Management Corp | 645,100 | $53M | 0.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 552,828 | $46M | 0.6% | 2026-Q2 |
| NewEdge Advisors, LLC added | 522,643 | $43M | 0.6% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 485,085 | $40M | 0.5% | 2026-Q2 |
| PENN DAVIS MCFARLAND INC trimmed | 483,439 | $40M | 0.5% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 464,843 | $38M | 0.5% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 455,518 | $38M | 0.5% | 2026-Q2 |
| Cook & Bynum Capital Management, LLC | 403,914 | $33M | 0.4% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 366,187 | $30M | 0.4% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 360,674 | $30M | 0.4% | 2026-Q2 |
| CAUSEWAY CAPITAL MANAGEMENT LLC trimmed | 347,657 | $29M | 0.4% | 2026-Q2 |
| Invesco Ltd. added | 343,233 | $28M | 0.4% | 2026-Q2 |
| Capital Wealth Planning, LLC added | 309,077 | $25M | 0.3% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 303,451 | $25M | 0.3% | 2026-Q2 |
| Quantinno Capital Management LP added | 282,046 | $23M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 251,305 | $21M | 0.3% | 2026-Q2 |
| Curi Capital, LLC added | 244,366 | $20M | 0.3% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 242,642 | $20M | 0.3% | 2026-Q2 |
| EVERETT HARRIS & CO /CA/ added | 240,911 | $20M | 0.3% | 2026-Q2 |
| Creative Planning added | 224,061 | $18M | 0.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 218,823 | $19M | 0.2% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 198,874 | $16M | 0.2% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 197,694 | $16M | 0.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 192,463 | $16M | 0.2% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 185,677 | $15M | 0.2% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 183,793 | $15M | 0.2% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 181,879 | $15M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 179,747 | $15M | 0.2% | 2026-Q2 |
| LPL Financial LLC added | 178,422 | $15M | 0.2% | 2026-Q2 |
| LMR Partners LLP added | 167,950 | $14M | 0.2% | 2026-Q2 |
| Optiver Holding B.V. added | 165,960 | $14M | 0.2% | 2026-Q2 |
| US BANCORP \DE\ added | 161,390 | $13M | 0.2% | 2026-Q2 |
| Verition Fund Management LLC added | 160,000 | $13M | 0.2% | 2026-Q2 |
| BARCLAYS PLC added | 159,592 | $13M | 0.2% | 2026-Q2 |
| SALT Holding Corp. | 154,173 | $13M | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 146,738 | $12M | 0.2% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 146,422 | $12M | 0.2% | 2026-Q2 |
| Capco Asset Management, LLC trimmed | 143,187 | $12M | 0.2% | 2026-Q2 |
| Nuveen, LLC new | 128,666 | $11M | 0.1% | 2026-Q2 |
| Azimuth Capital Investment Management LLC added | 128,392 | $11M | 0.1% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 125,074 | $10M | 0.1% | 2026-Q2 |
| Walleye Trading LLC trimmed | 123,032 | $10M | 0.1% | 2026-Q2 |
| FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC trimmed | 122,552 | $10M | 0.1% | 2026-Q2 |
| GREAT LAKES ADVISORS, LLC trimmed | 116,957 | $10M | 0.1% | 2026-Q2 |
| Vise Technologies, Inc. added | 116,502 | $10M | 0.1% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 110,045 | $9M | 0.1% | 2026-Q2 |
| Fayez Sarofim & Co | 106,006 | $9M | 0.1% | 2026-Q2 |
| Ally Financial Inc. | 105,000 | $9M | 0.1% | 2026-Q2 |
| CITIGROUP INC trimmed | 104,901 | $9M | 0.1% | 2026-Q2 |
| Callan Family Office, LLC trimmed | 101,755 | $8M | 0.1% | 2026-Q2 |
| Pathstone Holdings, LLC trimmed | 100,332 | $8M | 0.1% | 2026-Q2 |
| QRG CAPITAL MANAGEMENT, INC. added | 99,913 | $8M | 0.1% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL trimmed | 94,178 | $8M | 0.1% | 2026-Q2 |
| Ironwood Investment Counsel, LLC added | 93,717 | $8M | 0.1% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 93,593 | $8M | 0.1% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 91,841 | $8M | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 89,003 | $7M | 0.1% | 2026-Q2 |
| Ethic Inc. added | 86,555 | $7M | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 86,271 | $7M | 0.1% | 2026-Q2 |
| Cetera Investment Advisers added | 85,399 | $7M | 0.1% | 2026-Q2 |
| Mariner, LLC added | 83,967 | $7M | 0.1% | 2026-Q2 |
| CAPITAL FUND MANAGEMENT S.A. added | 77,884 | $6M | 0.1% | 2026-Q2 |
| Orion Porfolio Solutions, LLC added | 76,601 | $6M | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 75,630 | $6M | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 75,539 | $6M | 0.1% | 2026-Q2 |
| Empire Life Investments Inc. new | 72,616 | $6M | 0.1% | 2026-Q2 |
| Bank of New York Mellon Corp added | 72,124 | $6M | 0.1% | 2026-Q2 |
| TD Waterhouse Canada Inc. trimmed | 71,329 | $6M | 0.1% | 2026-Q2 |
| Nicholas Investment Partners, LP new | 65,279 | $5M | 0.1% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 65,139 | $5M | 0.1% | 2026-Q2 |
| CAPSTONE INVESTMENT ADVISORS, LLC trimmed | 62,500 | $5M | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 62,228 | $5M | 0.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 60,897 | $5M | 0.1% | 2026-Q2 |
| ABC ARBITRAGE SA trimmed | 60,133 | $5M | 0.1% | 2026-Q2 |
| Lighthouse Investment Partners, LLC added | 60,000 | $5M | 0.1% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 58,944 | $5M | 0.1% | 2026-Q2 |
| GFS Advisors, LLC trimmed | 2,760 | $8M | 0.1% | 2026-Q2 |
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.