% of shares outstanding not shown: this line files 20-F annual reports only — a foreign private issuer whose US listing trades as ADSs (depositary receipts), while its cover-page share count is in ORDINARY shares. The depositary ratio is not in our data. The count we hold for this line is 15,761,638,756 shares (as of 2025-12-31, source dei). Dividing one by the other is wrong by the whole ratio (a 5:1 ADR reads one fifth of the true percentage), so the percentage is withheld rather than served wrong. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for ABEV in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | First Eagle Investment Management, LLC | 346,984,557347.0M | $1.0B | — | ADD 3% |
| 2 | GQG Partners LLC | 187,037,538187.0M | $546M | — | ADD 8% |
| 3 | BlackRock, Inc. | 34,945,84734.9M | $102M | — | ADD 43% |
| 4 | Seafarer Capital Partners, LLC | 28,069,00028.1M | $82M | — | — |
| 5 | RENAISSANCE TECHNOLOGIES LLC | 27,354,30027.4M | $80M | — | ADD 7% |
| 6 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 26,469,99926.5M | $73M | — | TRIM -24% |
| 7 | BRANDES INVESTMENT PARTNERS, LP | 23,075,67323.1M | $67M | — | ADD 2% |
| 8 | LOOMIS SAYLES & CO L P | 20,490,63120.5M | $60M | — | ADD 6% |
| 9 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 17,948,27017.9M | $52M | — | TRIM -30% |
| 10 | BANK OF AMERICA CORP /DE/ | 16,305,44116.3M | $48M | — | TRIM -51% |
| 11 | GOLDMAN SACHS GROUP INC | 16,228,46416.2M | $47M | — | ADD 24% |
| 12 | Allspring Global Investments Holdings, LLC | 12,326,55212.3M | $37M | — | TRIM -7% |
| 13 | PRIVATE MANAGEMENT GROUP INC | 11,298,87411.3M | $33M | — | TRIM -25% |
| 14 | JANE STREET GROUP, LLC | 10,840,75010.8M | $32M | — | ADD 1086% |
| 15 | RWC Asset Management LLP | 10,338,90910.3M | $30M | — | TRIM -4% |
| 16 | MORGAN STANLEY | 10,321,30610.3M | $30M | — | TRIM -77% |
| 17 | DIMENSIONAL FUND ADVISORS LP | 10,240,75210.2M | $30M | — | — |
| 18 | EXCHANGE TRADED CONCEPTS, LLC | 9,955,46310.0M | $29M | — | ADD 78% |
| 19 | GREAT LAKES ADVISORS, LLC | 9,469,9609.5M | $28M | — | — |
| 20 | STATE STREET CORP | 8,860,4118.9M | $26M | — | TRIM -2% |
| 21 | Kiltearn Partners LLP | 7,830,1007.8M | $23M | — | TRIM -17% |
| 22 | CANADA LIFE ASSURANCE Co | 7,447,6927.4M | $22M | — | TRIM -5% |
| 23 | FOUNDATION RESOURCE MANAGEMENT INC | 7,106,3517.1M | $21M | — | ADD 2% |
| 24 | UBS Group AG | 6,550,2666.6M | $19M | — | ADD 14% |
| 25 | CITADEL ADVISORS LLC | 6,526,9866.5M | $19M | — | ADD 80% |
| 26 | WELLS FARGO & COMPANY/MN | 6,064,7556.1M | $18M | — | ADD 19% |
| 27 | CIBC WORLD MARKET INC. | 5,928,6505.9M | $17M | — | — |
| 28 | D. E. Shaw & Co., Inc. | 5,310,3705.3M | $16M | — | ADD 8% |
| 29 | NORTHERN TRUST CORP | 5,112,9815.1M | $15M | — | ADD 7% |
| 30 | DJE Kapital AG | 5,131,2755.1M | $15M | — | NEW |
| 31 | PZENA INVESTMENT MANAGEMENT LLC | 4,717,3284.7M | $14M | — | ADD 7% |
| 32 | AMERICAN CENTURY COMPANIES INC | 4,674,9734.7M | $14M | — | ADD 22% |
| 33 | Russell Investments Group, Ltd. | 4,217,7904.2M | $12M | — | — |
| 34 | ENVESTNET ASSET MANAGEMENT INC | 4,034,7514.0M | $12M | — | ADD 13% |
| 35 | VANGUARD CAPITAL MANAGEMENT LLC | 3,914,5593.9M | $11M | — | NEW |
| 36 | Altrius Capital Management Inc | 3,785,3293.8M | $11M | — | TRIM -6% |
| 37 | MILLENNIUM MANAGEMENT LLC | 3,706,5233.7M | $11M | — | ADD 60% |
| 38 | ROYAL BANK OF CANADA | 3,700,0353.7M | $11M | — | ADD 18% |
| 39 | SCHRODER INVESTMENT MANAGEMENT GROUP | 3,690,7083.7M | $10M | — | ADD 47% |
| 40 | Eldred Rock Partners, LLC | 3,527,3673.5M | $10M | — | — |
| 41 | Invesco Ltd. | 3,376,1693.4M | $10M | — | TRIM -4% |
| 42 | Corient Private Wealth LLC | 3,101,3323.1M | $9M | — | TRIM -46% |
| 43 | Tidal Investments LLC | 3,064,6113.1M | $9M | — | ADD 1003% |
| 44 | Moran Wealth Management, LLC | 2,933,6462.9M | $9M | — | ADD 30% |
| 45 | RAYMOND JAMES FINANCIAL INC | 2,888,6362.9M | $8M | — | ADD 39% |
| 46 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 2,826,9172.8M | $8M | — | ADD 3258% |
| 47 | NATIONAL BANK OF CANADA /FI/ | 2,758,7182.8M | $8M | — | ADD 1306% |
| 48 | HSBC HOLDINGS PLC | 2,729,1922.7M | $8M | — | TRIM -45% |
| 49 | Legal & General Group Plc | 2,709,8732.7M | $8M | — | — |
| 50 | STRS OHIO | 2,657,0432.7M | $8M | — | TRIM -13% |
| 51 | Ashton Thomas Private Wealth, LLC | 2,400,6732.4M | $7M | — | TRIM -10% |
| 52 | B. Metzler seel. Sohn & Co. AG | 2,146,2902.1M | $6M | — | — |
| 53 | Euro Pacific Asset Management, LLC | 2,330,7032.3M | $6M | — | TRIM -23% |
| 54 | TWO SIGMA INVESTMENTS, LP | 2,017,8042.0M | $6M | — | — |
| 55 | Aquatic Capital Management LLC | 1,963,8252.0M | $6M | — | ADD 1021% |
| 56 | CAPTRUST FINANCIAL ADVISORS | 1,917,8821.9M | $6M | — | ADD 226% |
| 57 | SEI INVESTMENTS CO | 1,854,2881.9M | $5M | — | — |
| 58 | LPL Financial LLC | 1,598,2501.6M | $5M | — | ADD 15% |
| 59 | VAN ECK ASSOCIATES CORP | 1,508,7741.5M | $4M | — | TRIM -4% |
| 60 | FRANKLIN RESOURCES INC | 1,495,0321.5M | $4M | — | ADD 63% |
| 61 | MARSHALL WACE, LLP | 1,432,4471.4M | $4M | — | NEW |
| 62 | Cook & Bynum Capital Management, LLC | 1,354,0091.4M | $4M | — | — |
| 63 | STIFEL FINANCIAL CORP | 1,322,3661.3M | $4M | — | ADD 13% |
| 64 | Mitsubishi UFJ Trust & Banking Corp | 1,199,9251.2M | $4M | — | NEW |
| 65 | MANNING & NAPIER ADVISORS LLC | 1,144,4491.1M | $3M | — | — |
| 66 | LONGFELLOW INVESTMENT MANAGEMENT CO LLC | 1,142,7291.1M | $3M | — | — |
| 67 | Archford Capital Strategies, LLC | 1,041,4401.0M | $3M | — | ADD 10% |
| 68 | ARGA Investment Management, LP | 967,134967,134 | $3M | — | ADD 62% |
| 69 | Privium Fund Management B.V. | 948,558948,558 | $3M | — | TRIM -11% |
| 70 | BANK OF MONTREAL /CAN/ | 880,667880,667 | $3M | — | ADD 17% |
| 71 | ASSETMARK, INC | 872,694872,694 | $3M | — | ADD 62% |
| 72 | Creative Planning | 833,515833,515 | $2M | — | ADD 54% |
| 73 | WELLINGTON MANAGEMENT GROUP LLP | 812,376812,376 | $2M | — | — |
| 74 | HANTZ FINANCIAL SERVICES, INC. | 809,298809,298 | $2M | — | — |
| 75 | XTX Topco Ltd | 772,019772,019 | $2M | — | ADD 41% |
| 76 | Bank of New York Mellon Corp | 771,710771,710 | $2M | — | ADD 5% |
| 77 | Cetera Investment Advisers | 763,718763,718 | $2M | — | TRIM -14% |
| 78 | NLB Skladi, upravljanje premozenja, d.o.o. | 762,115762,115 | $2M | — | ADD 535% |
| 79 | Cambridge Investment Research Advisors, Inc. | 760,808760,808 | $2M | — | — |
| 80 | CITIGROUP INC | 746,904746,904 | $2M | — | ADD 140% |
| 81 | Callan Family Office, LLC | 734,202734,202 | $2M | — | ADD 7% |
| 82 | Mraz, Amerine & Associates, Inc. | 706,309706,309 | $2M | — | — |
| 83 | MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADV | 702,502702,502 | $2M | — | — |
| 84 | Ethic Inc. | 686,809686,809 | $2M | — | TRIM -5% |
| 85 | BARINGS LLC | 621,824621,824 | $2M | — | — |
| 86 | Virtus Family Office LLC | 606,829606,829 | $2M | — | TRIM -24% |
| 87 | EARNEST PARTNERS LLC | 597,524597,524 | $2M | — | TRIM -6% |
| 88 | Amundi | 587,232587,232 | $2M | — | ADD 19% |
| 89 | Fisher Asset Management, LLC | 562,474562,474 | $2M | — | TRIM -5% |
| 90 | Sava Infond d.o.o. | 550,000550,000 | $2M | — | ADD 90% |
| 91 | Squarepoint Ops LLC | 525,785525,785 | $2M | — | ADD 78% |
| 92 | O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 522,889522,889 | $2M | — | ADD 27% |
| 93 | HighTower Advisors, LLC | 496,091496,091 | $1M | — | ADD 1044% |
| 94 | FMR LLC | 478,890478,890 | $1M | — | — |
| 95 | Boston Partners | 478,670478,670 | $1M | — | TRIM -36% |
| 96 | SCS Capital Management LLC | 455,042455,042 | $1M | — | ADD 3% |
| 97 | JPMORGAN CHASE & CO | 452,319452,319 | $1M | — | ADD 75% |
| 98 | Burford Brothers, Inc. | 422,029422,029 | $1M | — | TRIM -26% |
| 99 | AustralianSuper Pty Ltd | 411,744411,744 | $1M | — | — |
| 100 | VPR Management LLC | 387,929387,929 | $1M | — | — |
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| First Eagle Investment Management, LLC | 339.5M | 341.6M | 338.7M | 338.6M | 336.1M | 347.0M | $1.0B |
| GQG Partners LLC | 196.7M | — | 150.9M | 158.5M | 173.0M | 187.0M | $546M |
| BlackRock, Inc. | 20.5M | 20.8M | 22.8M | 21.1M | 24.4M | 34.9M | $102M |
| Seafarer Capital Partners, LLC | 30.1M | 29.1M | 29.1M | 28.1M | 28.1M | 28.1M | $82M |
| RENAISSANCE TECHNOLOGIES LLC | 33.2M | 38.7M | 43.5M | 41.7M | 25.7M | 27.4M | $80M |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 41.7M | 37.5M | 32.2M | 36.1M | 34.9M | 26.5M | $73M |
| BRANDES INVESTMENT PARTNERS, LP | 14.7M | 20.9M | 20.6M | 21.7M | 22.6M | 23.1M | $67M |
| LOOMIS SAYLES & CO L P | 17.9M | 18.3M | 18.1M | 19.5M | 19.3M | 20.5M | $60M |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | — | — | — | — | 25.7M | 17.9M | $52M |
| BANK OF AMERICA CORP /DE/ | 26.1M | 25.0M | 27.5M | 26.4M | 33.6M | 16.3M | $48M |
| GOLDMAN SACHS GROUP INC | 4.4M | 5.0M | 4.1M | 3.8M | 13.1M | 16.2M | $47M |
| Allspring Global Investments Holdings, LLC | 18.5M | 17.1M | 14.6M | 13.4M | 13.3M | 12.3M | $37M |
| PRIVATE MANAGEMENT GROUP INC | 14.5M | 15.4M | 15.4M | 15.3M | 15.1M | 11.3M | $33M |
| JANE STREET GROUP, LLC | 6.2M | 295K | 1.1M | 1.3M | 914K | 10.8M | $32M |
| RWC Asset Management LLP | 13.1M | 12.5M | 11.8M | 11.0M | 10.7M | 10.3M | $30M |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| GQG Partners LLC | +14,067,883 | $41M | ADD |
| First Eagle Investment Management, LLC | +10,926,573 | $32M | ADD |
| BlackRock, Inc. | +10,548,986 | $31M | ADD |
| JANE STREET GROUP, LLC | +9,926,955 | $29M | ADD |
| DJE Kapital AG | +5,131,275 | $15M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| MORGAN STANLEY | −35,141,322 | $103M | TRIM |
| BANK OF AMERICA CORP /DE/ | −17,313,628 | $51M | TRIM |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | −10,906,088 | $32M | CLOSE |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | −8,409,950 | $25M | TRIM |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | −7,742,176 | $23M | TRIM |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 402 | 1,041,613,432 | — | $3.0B |
| 2025-Q4 | 374 | 1,049,840,970 | — | $2.6B |
| 2025-Q3 | 355 | 1,153,524,938 | — | $2.6B |
| 2025-Q2 | 354 | 1,238,397,331 | — | $3.0B |
| 2025-Q1 | 360 | 1,239,804,857 | — | $2.9B |
| 2024-Q4 | 396 | 1,389,021,170 | — | $2.6B |
| 2024-Q3 | 376 | 1,339,708,209 | — | $3.3B |
| 2024-Q2 | 354 | 1,235,462,893 | — | $2.5B |
| 2024-Q1 | 345 | 1,312,621,665 | — | $3.3B |
| 2023-Q4 | 344 | 1,321,256,091 | — | $3.7B |
| 2023-Q3 | 340 | 1,295,131,228 | — | $3.3B |
| 2023-Q2 | 328 | 1,318,585,634 | — | $4.2B |
| 2023-Q1 | 305 | 1,317,758,813 | — | $3.7B |
| 2022-Q4 | 312 | 1,361,944,172 | — | $3.7B |
| 2022-Q3 | 295 | 1,379,484,896 | — | $3.9B |
| 2022-Q2 | 289 | 1,326,672,910 | — | $3.3B |
| 2022-Q1 | 286 | 1,316,520,692 | — | $4.2B |
| 2021-Q4 | 283 | 1,338,371,207 | — | $3.8B |
| 2021-Q3 | 274 | 1,366,600,619 | — | $3.8B |
| 2021-Q2 | 278 | 1,456,887,455 | — | $5.0B |
| 2021-Q1 | 276 | 1,473,447,893 | — | $4.0B |
| 2020-Q4 | 269 | 1,323,669,931 | — | $4.0B |
| 2020-Q3 | 266 | 1,302,620,796 | — | $2.9B |
| 2020-Q2 | 271 | 1,368,737,774 | — | $3.6B |
| 2020-Q1 | 275 | 1,357,107,525 | — | $3.1B |
| 2019-Q4 | 303 | 1,238,144,824 | — | $5.8B |
| 2019-Q3 | 295 | 1,209,810,103 | — | $5.6B |
| 2019-Q2 | 309 | 1,178,119,126 | — | $5.5B |
| 2019-Q1 | 305 | 1,168,473,555 | — | $5.0B |
| 2018-Q4 | 318 | 1,117,934,575 | — | $4.4B |
| 2018-Q3 | 331 | 1,129,598,132 | — | $5.2B |
| 2018-Q2 | 337 | 1,135,965,840 | — | $5.3B |
| 2018-Q1 | 334 | 1,107,984,117 | — | $8.1B |
| 2017-Q4 | 329 | 1,143,955,574 | — | $7.4B |
| 2017-Q3 | 312 | 1,175,427,885 | — | $7.7B |
| 2017-Q2 | 301 | 1,152,600,266 | — | $6.3B |
| 2017-Q1 | 294 | 1,231,360,229 | — | $7.1B |
| 2016-Q4 | 293 | 1,165,783,498 | — | $5.7B |
| 2016-Q3 | 299 | 1,135,874,516 | — | $6.9B |
| 2016-Q2 | 276 | 1,136,363,989 | — | $6.7B |
| 2016-Q1 | 298 | 1,125,446,499 | — | $5.8B |
| 2015-Q4 | 299 | 1,091,427,710 | — | $4.9B |
| 2015-Q3 | 298 | 1,112,583,393 | — | $5.5B |
| 2015-Q2 | 300 | 1,166,439,771 | — | $7.1B |
| 2015-Q1 | 300 | 1,239,536,148 | — | $7.2B |
| 2014-Q4 | 297 | 1,191,783,551 | — | $7.4B |
| 2014-Q3 | 310 | 1,132,696,565 | — | $7.4B |
| 2014-Q2 | 337 | 1,170,078,018 | — | $8.2B |
| 2014-Q1 | 310 | 1,152,949,852 | — | $8.5B |
| 2013-Q4 | 302 | 1,146,220,665 | — | $8.4B |
| 2013-Q3 | 5 | 636,249 | — | $24M |
