Ambev S.a.: which funds bought and sold
Institutions that bought and sold Ambev shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 196 institutions that filed 13F reports for both quarters added to or opened positions in Ambev, and 174 cut or closed them. Together they added a net 359.8M shares, +34.6% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 365.3M shares (+54.3%); index fund managers were net sellers of 2.3M shares (−4.3%). 48 opened a new position and 44 sold out entirely.
Bought, Q2 2026 196 institutions, 48 of them new holders Sold, Q2 2026 174 institutions, 44 of them sold out
Net change, all compared +359.8M shares (+34.6%)
Net change, active managers +365.3M shares (+54.3%), 28 bought, 15 sold
Buyers versus sellers
196 bought 73 174 sold
Active managers and hedge funds 28 bought · 15 sold · +365.3M
Index fund managers 4 bought · 4 sold · −2.3M
Other institutions 164 bought · 155 sold · −3.2M
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| First Eagle Investment Management, LLC Active manager | +351.7M +101.3% | 698.6M | $2.2B |
| Goldman Sachs Group Inc | +12.8M +78.6% | 29.0M | $91M |
| Arrowstreet Capital, Limited Partnership Hedge fund | +11.5M New position | 11.5M | $36.1M |
| Loomis Sayles & Co L P Active manager | +6.5M +31.8% | 27.0M | $84.8M |
| Marshall Wace, LLP Hedge fund | +5.7M +398.7% | 7.1M | $22.4M |
| Nomura Asset Management International Inc. | +5.0M +28.1% | 23.0M | $72.2M |
| Exchange Traded Concepts, LLC | +3.7M +36.9% | 13.6M | $42.8M |
| Citadel Advisors LLC Hedge fund | +3.5M +53.8% | 10.0M | $31.5M |
| Morgan Stanley | +2.4M +23.5% | 12.8M | $40M |
| Jpmorgan Chase & Co | +2.2M +478.2% | 2.6M | $8.3M |
| Acadian Asset Management LLC Active manager | +1.9M New position | 1.9M | $5.9M |
| Point72 Asset Management, L.P. Hedge fund | +1.9M +567.6% | 2.2M | $6.9M |
| Dje Kapital AG | +1.8M +35.6% | 7.0M | $23.1M |
| Engineers Gate Manager LP Hedge fund | +1.6M +712.8% | 1.8M | $5.8M |
| Balyasny Asset Management L.P. Hedge fund | +931K +1300.5% | 1.0M | $3.1M |
| D. E. Shaw & Co., Inc. Hedge fund | +841K +15.8% | 6.2M | $19.3M |
| Grantham, Mayo, Van Otterloo & Co. LLC Active manager | +808K New position | 808K | $2.5M |
| Northern Trust Corp Index funds | +764K +14.9% | 5.9M | $18.5M |
| Boston Partners Active manager | +741K +154.8% | 1.2M | $3.8M |
| Schroder Investment Management Group Active manager | +727K +19.7% | 4.4M | $14M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| First Eagle Investment Management, LLC Active manager | +351.7M +101.3% | 698.6M | $2.2B |
| Arrowstreet Capital, Limited Partnership Hedge fund | +11.5M New position | 11.5M | $36.1M |
| Loomis Sayles & Co L P Active manager | +6.5M +31.8% | 27.0M | $84.8M |
| Marshall Wace, LLP Hedge fund | +5.7M +398.7% | 7.1M | $22.4M |
| Citadel Advisors LLC Hedge fund | +3.5M +53.8% | 10.0M | $31.5M |
| Acadian Asset Management LLC Active manager | +1.9M New position | 1.9M | $5.9M |
| Point72 Asset Management, L.P. Hedge fund | +1.9M +567.6% | 2.2M | $6.9M |
| Engineers Gate Manager LP Hedge fund | +1.6M +712.8% | 1.8M | $5.8M |
| Balyasny Asset Management L.P. Hedge fund | +931K +1300.5% | 1.0M | $3.1M |
| D. E. Shaw & Co., Inc. Hedge fund | +841K +15.8% | 6.2M | $19.3M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Massachusetts Financial Services Co Active manager | −15.8M −59.5% | 10.7M | $29.4M |
| Jane Street Group, LLC | −5.0M −46.0% | 5.9M | $18.4M |
| Great Lakes Advisors, LLC | −4.3M −45.5% | 5.2M | $16.2M |
| Seafarer Capital Partners, LLC | −4.0M −14.3% | 24.1M | $75.6M |
| Eldred Rock Partners, LLC | −3.5M Sold out | 0 | — |
| Bank Of America Corp | −3.4M −21.1% | 12.9M | $40.4M |
| Corient Private Wealth LP | −3.0M −97.2% | 87K | $272,699 |
| Northwestern Mutual Wealth Management Co | −2.7M −95.7% | 121K | $378,674 |
| Brandes Investment Partners, LP Active manager | −2.5M −11.0% | 20.5M | $64.5M |
| Renaissance Technologies LLC Hedge fund | −2.4M −8.9% | 24.9M | $78.2M |
| GQG Partners LLC Active manager | −2.0M −1.1% | 185.1M | $581M |
| Aquatic Capital Management LLC | −2.0M Sold out | 0 | — |
| Blackrock, Inc. Index funds | −1.9M −5.4% | 33.1M | $104M |
| Manning & Napier Advisors LLC | −1.1M −99.9% | 767 | $2,439 |
| Pzena Investment Management LLC Active manager | −977K −20.7% | 3.7M | $11.7M |
| Bank Of New York Mellon Corp | −728K −94.4% | 43K | $135,964 |
| Two Sigma Investments, LP Hedge fund | −657K −32.6% | 1.4M | $4.3M |
| Wells Fargo & Company | −598K −9.9% | 5.5M | $17.2M |
| Vanguard Capital Management LLC Index funds | −597K −15.2% | 3.3M | $10.4M |
| Invesco Ltd. | −588K −17.4% | 2.8M | $8.8M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Massachusetts Financial Services Co Active manager | −15.8M −59.5% | 10.7M | $29.4M |
| Brandes Investment Partners, LP Active manager | −2.5M −11.0% | 20.5M | $64.5M |
| Renaissance Technologies LLC Hedge fund | −2.4M −8.9% | 24.9M | $78.2M |
| GQG Partners LLC Active manager | −2.0M −1.1% | 185.1M | $581M |
| Pzena Investment Management LLC Active manager | −977K −20.7% | 3.7M | $11.7M |
| Two Sigma Investments, LP Hedge fund | −657K −32.6% | 1.4M | $4.3M |
| Millennium Management LLC Hedge fund | −587K −15.8% | 3.1M | $9.8M |
| Squarepoint Ops LLC Hedge fund | −335K −63.7% | 191K | $599,916 |
| Quadrature Capital Ltd Hedge fund | −75K −34.9% | 139K | $436,664 |
| Dodge & Cox Active manager | −54K −17.5% | 253K | $793,478 |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Arrowstreet Capital, Limited PartnershipHedge fund | 11.5M | $36.1M |
| Acadian Asset Management LLCActive manager | 1.9M | $5.9M |
| Grantham, Mayo, Van Otterloo & Co. LLCActive manager | 808K | $2.5M |
| Darwins River Capital, LP | 619K | $1.9M |
| Nuveen, LLC | 503K | $1.6M |
| Qube Research & Technologies LtdHedge fund | 474K | $1.5M |
| Winton Group LtdHedge fund | 245K | $769,614 |
| Mirae Asset Global Investments Co., Ltd. | 201K | $632,493 |
| Maven Securities Ltd | 200K | $628,000 |
| HRT Financial LP | 160K | $503,000 |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Eldred Rock Partners, LLC | 3.5M | $10.3M |
| Aquatic Capital Management LLC | 2.0M | $5.7M |
| Motco | 240K | $701,536 |
| Mackenzie Financial Corp | 215K | $628,191 |
| 1900 Wealth Management LLC | 153K | $445,633 |
| Group One Trading LLC | 147K | $430,411 |
| Axq Capital, LP | 147K | $427,833 |
| Absolute Gestao De Investimentos Ltda. | 141K | $413,089 |
| Advisors Preferred, LLC | 134K | $390,889 |
| Two Sigma Securities, LLC | 108K | $316,475 |
Who holds the shares
- Institutions reporting
- 403
- Ten largest holders
- 77.0% of 13F-reported shares
- Index fund managers
- 3.7% of 13F-reported shares
- Active managers and hedge funds
- 74.1% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 28 | 15 | 7 | 1 | +365.3M | +54.3% |
| Index fund managers | 4 | 4 | 0 | 0 | −2.3M | −4.3% |
| Other institutions | 164 | 155 | 41 | 43 | −3.2M | −1.0% |