Mar 31, 2026 filings. Quarterly 13F reports arrive up to 45 days after quarter end; this register is filed through May 29, 2026.
538 institutional managers reported holding BUD for the quarter ended Mar 31, 2026. Together they hold about 5% of shares outstanding; the top 10 hold 3%. 94 opened new positions; 85 closed out. Complete ranked register from SEC 13F filings.
| manager | shares | % out | value (Mar 31, 2026 close) | change | held since |
|---|---|---|---|---|---|
| Dodge & Cox | 29.68M | 1.47% | $2.06B | trimmed -10.4% | 2021 Q4 |
| Fisher Investments | 11.92M | 0.59% | $826.8M | added +4.7% | ≤2013 |
| Morgan Stanley | 3.87M | 0.19% | $268.3M | trimmed -8% | ≤2013 |
| FMR (Fidelity) | 2.69M | 0.13% | $186.4M | added +14.5% | ≤2013 |
| D. E. Shaw | 2.32M | 0.12% | $160.7M | added +13.6% | 2023 Q3 |
| Bank OF America CORP /DE/ | 2.13M | 0.11% | $148.1M | trimmed -34.3% | ≤2013 |
| Davenport & CO LLC | 1.83M | 0.09% | $126.8M | trimmed -12.2% | ≤2013 |
| Goldman Sachs | 1.79M | 0.09% | $124.5M | trimmed -55.2% | ≤2013 |
| Gates Foundation Trust (focused) | 1.70M | 0.08% | $118.2M | unchanged | 2023 Q2 |
| Capital International Investors | 1.49M | 0.07% | $103.4M | trimmed -6% | 2019 Q4 |
| Holocene Advisors | 1.36M | 0.07% | $94.4M | added +30.8% | 2023 Q4 |
| Balyasny Asset Management | 1.31M | 0.07% | $91.1M | added +159.7% | 2025 Q2 |
| Citadel Advisors | 1.21M | 0.06% | $83.8M | trimmed -4.9% | ≤2013 |
| Northern Trust | 1.07M | 0.05% | $74.3M | trimmed -6.8% | ≤2013 |
| BlackRock | 1.05M | 0.05% | $73.0M | added +15.7% | ≤2013 |
| Royal Bank OF Canada | 1.05M | 0.05% | $72.7M | trimmed -18% | ≤2013 |
| Seafarer Capital Partners, LLC (focused) | 1.03M | 0.05% | $71.7M | unchanged | 2022 Q2 |
| UBS | 1.02M | 0.05% | $70.8M | added +11.5% | ≤2013 |
| Connor, Clark & Lunn Investment Management LTD. | 985.9k | 0.05% | $68.4M | added +267.8% | 2025 Q4 |
| Bank OF Montreal /CAN/ | 976.9k | 0.05% | $67.8M | added +1914.5% | 2023 Q3 |
| Renaissance Technologies | 810.9k | 0.04% | $56.3M | added +64.7% | 2015 Q3 |
| Raymond James Financial INC | 802.2k | 0.04% | $55.7M | trimmed -38.4% | ≤2013 |
| Millennium Management | 769.7k | 0.04% | $53.4M | added +59.8% | 2015 Q3 |
| Douglas Lane & Associates, LLC | 769.2k | 0.04% | $53.4M | trimmed -3.6% | 2021 Q4 |
| Susquehanna International Group | 749.4k | 0.04% | $52.0M | added +221.3% | ≤2013 |
| Alberta Investment Management CORP | 645.1k | 0.03% | $44.8M | unchanged | 2024 Q4 |
| First Trust Advisors LP | 601.4k | 0.03% | $41.7M | added +5.1% | 2024 Q4 |
| Causeway Capital Management LLC | 580.1k | 0.03% | $40.3M | trimmed -17.3% | 2022 Q3 |
| Deutsche Bank AG\ | 491.3k | 0.02% | $34.1M | added +218.6% | 2025 Q4 |
| Penn Davis Mcfarland INC | 485.3k | 0.02% | $33.7M | unchanged | 2020 Q2 |
| Wells Fargo & COMPANY/MN | 431.6k | 0.02% | $29.9M | trimmed -9.1% | ≤2013 |
| Jane Street | 417.7k | 0.02% | $29.0M | opened | 2014 Q4 |
| Cook & Bynum Capital Management, LLC (focused) | 403.9k | 0.02% | $28.0M | unchanged | 2017 Q1 |
| Voloridge Investment Management | 392.9k | 0.02% | $27.3M | opened | 2026 Q1 |
| SEI Investments CO | 370.8k | 0.02% | $25.7M | added +24% | 2021 Q2 |
| Envestnet Asset Management INC | 363.1k | 0.02% | $25.2M | trimmed -18.8% | ≤2013 |
| Invesco | 335.3k | 0.02% | $23.3M | added +10.5% | 2024 Q4 |
| OLD Mission Capital LLC | 272.5k | 0.01% | $18.9M | added +150.9% | 2024 Q1 |
| BNP Paribas Financial Markets | 271.7k | 0.01% | $18.9M | added +545.4% | ≤2013 |
| HRT Financial LP | 271.6k | 0.01% | $18.8M | added +14.7% | 2023 Q4 |
| Capital Wealth Planning, LLC | 255.0k | 0.01% | $17.7M | opened | 2026 Q1 |
| Tudor Investment | 254.0k | 0.01% | $17.6M | added +140.2% | 2023 Q4 |
| Everett Harris & CO /CA/ | 238.5k | 0.01% | $16.5M | trimmed -3% | ≤2013 |
| Quantinno Capital Management LP | 214.8k | 0.01% | $14.9M | added +28.9% | 2022 Q4 |
| Lancaster Investment Management (focused) | 212.5k | 0.01% | $14.7M | opened | 2026 Q1 |
| Jones Financial Companies Lllp | 206.8k | 0.01% | $14.3M | added +302.5% | 2020 Q4 |
| Natixis Advisors, LLC | 206.1k | 0.01% | $14.3M | added +6.5% | ≤2013 |
| Gardner Russo & Quinn LLC | 184.0k | <0.01% | $12.8M | trimmed -30.7% | ≤2013 |
| Marshall Wace | 182.1k | <0.01% | $12.6M | trimmed -11.4% | 2023 Q4 |
| Creative Planning | 177.5k | <0.01% | $12.3M | added +34.5% | ≤2013 |
Largest 50 of 538 shown; the full ranked, searchable register is at boothcheck.com/holders/BUD. Related filers are grouped using the filings' own included-manager declarations. Historically, several managers opening new positions in the same quarter said almost nothing about the quarter that followed (59,118 cases since 2013). A filed record, not a forecast. Nothing here is investment advice.