Ambev S.A. - Depositary Receipt (Common Stock)
US ˙ NYSE ˙ US02319V1035

SecurityABEV / Ambev S.A. - Depositary Receipt (Common Stock)
InstitutionHarding Loevner Lp
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Harding Loevner Lp closes position in ABEV / Ambev S.A. - Depositary Receipt (Common Stock)

On August 14, 2025 - Harding Loevner Lp filed a 13F-HR form disclosing ownership of 0 shares of Ambev S.A. - Depositary Receipt (Common Stock) (US:ABEV) valued at $0 USD as of June 30, 2025. The entity filed a previous 13F-HR on May 15, 2025 disclosing 38,686 shares of Ambev S.A. - Depositary Receipt (Common Stock). The current value of the position is $0 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-08-14 2025-06-30 13F AMBEV SPONSORED ADR 02319V103 0 -100.00 0
2025-05-15 2025-03-31 13F AMBEV SPONSORED ADR 02319V103 38,686 -87,780,478 -99.96 90 -99.94 0.0007
2025-02-14 2024-12-31 13F AMBEV SPONSORED ADR 02319V103 87,819,164 -48,099,253 -35.39 162,465 -51.01 1.0978
2024-11-14 2024-09-30 13F AMBEV SPONSORED ADR 02319V103 135,918,417 20,580,608 17.84 331,600 40.24 1.9129
2024-08-14 2024-06-30 13F AMBEV SPONSORED ADR 02319V103 115,337,809 9,082,936 8.55 236,448 -10.27 1.3050
2024-05-15 2024-03-31 13F AMBEV SPONSORED ADR 02319V103 106,254,873 -3,322,584 -3.03 263,505 -13.32 1.6264
2024-02-14 2023-12-31 13F AMBEV SPONSORED ADR 02319V103 109,577,457 -3,603,688 -3.18 303,985 4.10 1.7052
2023-11-14 2023-09-30 13F AMBEV SPONSORED ADR 02319V103 113,181,145 -3,345,836 -2.87 292,007 -21.20 1.9282
2023-08-14 2023-06-30 13F AMBEV SPONSORED ADR 02319V103 116,526,981 -4,783,354 -3.94 370,556 8.31 2.1634
2023-05-15 2023-03-31 13F AMBEV SPONSORED ADR 02319V103 121,310,335 224,885 0.19 342,109 3.88 1.9474
2023-02-14 2022-12-31 13F AMBEV SPONSORED ADR 02319V103 121,085,450 -8,371,323 -6.47 329,318 -10.11 1.8975
2022-11-14 2022-09-30 13F AMBEV SPONSORED ADR 02319V103 129,456,773 -2,226,263 -1.69 366,362 10.83 2.4019
2022-08-15 2022-06-30 13F AMBEV SPONSORED ADR 02319V103 131,683,036 -33,967,297 -20.51 330,568 -26.92 2.0394
2022-05-16 2022-03-31 13F AMBEV SPONSORED ADR 02319V103 165,650,333 -14,207,463 -7.90 452,346 -10.18 2.4909
2022-02-14 2021-12-31 13F AMBEV SPONSORED ADR 02319V103 179,857,796 -2,445,915 -1.34 503,602 0.09 1.9310
2021-11-15 2021-09-30 13F AMBEV SPONSORED ADR 02319V103 182,303,711 -670,248 -0.37 503,159 -20.06 2.0076
2021-08-16 2021-06-30 13F AMBEV SPONSORED ADR 02319V103 182,973,959 -7,308,110 -3.84 629,431 20.73 2.3675
2021-05-17 2021-03-31 13F AMBEV SPONSORED ADR 02319V103 190,282,069 29,473,242 18.33 521,373 5.95 2.0401
2021-02-16 2020-12-31 13F AMBEV SPONSORED ADR 02319V103 160,808,827 -32,065,079 -16.62 492,075 12.89 2.0360
2020-11-16 2020-09-30 13F AMBEV SPONSORED ADR 02319V103 192,873,906 -5,733,783 -2.89 435,895 -16.87 1.5723
2020-08-14 2020-06-30 13F AMBEV SPONSORED ADR 02319V103 198,607,689 -5,516,504 -2.70 524,324 11.68 2.5100
2020-05-15 2020-03-31 13F AMBEV SPONSORED ADR 02319V103 204,124,193 60,939,726 42.56 469,485 -29.64 2.6195
2020-02-14 2019-12-31 13F AMBEV SPONSORED ADR 02319V103 143,184,467 -1,420,825 -0.98 667,240 -0.13 2.9673
2019-11-14 2019-09-30 13F AMBEV SPONSORED ADR 02319V103 144,605,292 12,323,454 9.32 668,076 8.15 3.1496
2019-08-14 2019-06-30 13F AMBEV SPONSORED ADR 02319V103 132,281,838 3,056,745 2.37 617,757 11.17 2.8370
2019-05-15 2019-03-31 13F AMBEV SPONSORED ADR 02319V103 129,225,093 45,038,260 53.50 555,668 68.38 2.6106
2019-02-14 2018-12-31 13F AMBEV SPONSORED ADR 02319V103 84,186,833 -2,881,236 -3.31 330,012 -17.06 1.9095
2018-11-14 2018-09-30 13F AMBEV SPONSORED ADR 02319V103 87,068,069 62,308,251 251.65 397,901 247.09 2.0751
2018-08-14 2018-06-30 13F AMBEV SPONSORED ADR 02319V103 24,759,818 207,607 0.85 114,638 -35.78 0.6447
2018-05-14 2018-03-31 13F AMBEV SPONSORED ADR 02319V103 24,552,211 -34,663 -0.14 178,495 12.38 0.9278
2018-02-12 2017-12-31 13F AMBEV SPONSORED ADR 02319V103 24,586,874 -12,460 -0.05 158,831 -2.02 0.9022
2017-11-14 2017-09-30 13F/A-1 AMBEV SPONSORED ADR 02319V103 24,599,334 275,700 1.13 162,110 21.40 0.9220
2017-11-13 2017-09-30 13F AMBEV SPONSORED ADR 02319V103 24,599,334 275,700 162,110
2017-08-11 2017-06-30 13F AMBEV SPONSORED ADR 02319V103 24,323,634 420,020 1.76 133,537 -3.01 0.8180
2017-04-06 2017-03-31 13F AMBEV SPONSORED ADR 02319V103 23,903,614 672,300 2.89 137,685 20.71 0.8978
2017-01-11 2016-12-31 13F AMBEV SPONSORED ADR 02319V103 23,231,314 1,341,158 6.13 114,066 -14.44 0.7972
2016-10-11 2016-09-30 13F AMBEV SPONSORED ADR 02319V103 21,890,156 1,479,335 7.25 133,311 10.51 0.9621
2016-07-14 2016-06-30 13F AMBEV SPONSORED ADR 02319V103 20,410,821 1,663,800 8.88 120,628 24.22 0.9447
2016-05-02 2016-03-31 13F AMBEV SPONSORED ADR 02319V103 18,747,021 2,199,500 13.29 97,110 31.58 0.7660
2016-01-26 2015-12-31 13F AMBEV SPONSORED ADR 02319V103 16,547,521 -247,200 -1.47 73,802 -10.32 0.5976
2015-10-19 2015-09-30 13F AMBEV SPONSORED ADR 02319V103 16,794,721 1,717,284 11.39 82,294 -11.11 0.6634
2015-07-24 2015-06-30 13F AMBEV SPONSORED ADR 02319V103 15,077,437 1,683,385 12.57 92,575 19.99 0.6489
2015-04-20 2015-03-31 13F AMBEV SPONSORED ADR 02319V103 13,394,052 2,135,500 18.97 77,150 10.17 0.5884
2015-01-14 2014-12-31 13F/A-1 AMBEV SPONSORED ADR 02319V103 11,258,552 291,100 2.65 70,028 -2.52 0.5630
2015-01-12 2014-12-31 13F AMBEV SPONSORED ADR 02319V103 70,028,193 11,259
2014-10-31 2014-09-30 13F AMBEV SPONSORED ADR 02319V103 10,967,452 719,300 7.02 71,837 -0.43 0.5316
2014-07-29 2014-06-30 13F AMBEV SPONSORED ADR 02319V103 10,248,152 882,990 9.43 72,147 3.96 0.5379
2014-04-25 2014-03-31 13F AMBEV SPONSORED ADR 02319V103 9,365,162 917,652 10.86 69,396 11.77 0.5287
2014-01-17 2013-12-31 13F AMBEV SPONSORED ADR 02319V103 8,447,510 8,447,510 62,089 0.4803
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.