Anheuser-Busch InBev SA/NV - Depositary Receipt (Common Stock)
US ˙ NYSE ˙ US03524A1088

SecurityBUD / Anheuser-Busch InBev SA/NV - Depositary Receipt (Common Stock)
InstitutionCwm, Llc
Latest Disclosed Ownership9,808 shares
Latest Disclosed Value $ 680,393
Cwm, Llc reports 10.40% increase in ownership of BUD / Anheuser-Busch InBev SA/NV - Depositary Receipt (Common Stock)

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 9,808 shares of Anheuser-Busch InBev SA/NV - Depositary Receipt (Common Stock) (US:BUD) valued at $680,381 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 8,884 shares of Anheuser-Busch InBev SA/NV - Depositary Receipt (Common Stock). The current value of the position is $775,224 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)
2026-05-14 2026-03-31 13F ANHEUSER BUSCH INBEV SA SPONSORED ADR 03524A108 9,808 924 10.40 680 0.0018
2026-01-26 2025-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,884 -441 -4.73 1 0.0015
2025-10-15 2025-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,325 -400 -4.11 1 0.0017
2025-07-25 2025-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,725 416 4.47 1 0.0024
2025-05-01 2025-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,309 -630 -6.34 1 0.0023
2025-02-04 2024-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,939 4,093 70.01 0 0.0021
2024-10-08 2024-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 5,846 654 12.60 0 0.0017
2024-07-10 2024-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 5,192 126 2.49 0 0.0014
2024-04-05 2024-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 5,066 -1,665 -24.74 0 0.0015
2024-02-01 2023-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 6,731 2,702 67.06 0 0.0023
2023-10-11 2023-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 4,029 978 32.06 0 0.0014
2023-08-03 2023-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 3,051 -36 -1.17 0 0.0011
2023-05-01 2023-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 3,087 -175 -5.36 0 0.0014
2023-02-01 2022-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 3,262 -254 -7.22 0 -100.00 0.0014
2022-10-27 2022-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 3,516 -141 -3.86 159 -19.29 0.0013
2022-07-28 2022-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 3,657 205 5.94 197 -4.83 0.0015
2022-04-21 2022-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 3,452 355 11.46 207 10.11 0.0015
2022-01-31 2021-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 3,097 429 16.08 188 -2.08 0.0013
2021-09-15 2021-06-30 13F/A-1 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,668 0 0.00 192 0.00 0.0015
2021-07-29 2021-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,668 0 192 0.0015
2021-09-15 2021-03-31 13F/A-1 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,668 0 0.00 192 0.00 0.0015
2021-04-27 2021-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,886 218 181 0.0016
2021-09-15 2020-12-31 13F/A-1 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,668 0 0.00 192 0.00 0.0015
2021-01-27 2020-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,556 -112 179 0.0017
2021-09-15 2020-09-30 13F/A-1 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,668 0 0.00 192 0.00 0.0015
2020-10-19 2020-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,772 104 149 0.0017
2021-09-15 2020-06-30 13F/A-1 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,668 0 0.00 192 0.00 0.0015
2020-07-22 2020-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,384 -284 118 0.0014
2021-09-15 2020-03-31 13F/A-1 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,668 0 0.00 192 0.00 0.0015
2020-04-28 2020-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 1,454 -1,214 64 0.0010
2021-09-14 2019-12-31 13F/A-1 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,668 0 0.00 192 0.00 0.0015
2020-01-27 2019-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 1,094 -1,574 90 0.0011
2021-09-14 2019-09-30 13F/A-1 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,668 0 0.00 192 0.00 0.0015
2019-10-22 2019-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 1,005 -1,663 96 0.0014
2021-09-14 2019-06-30 13F/A-1 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,668 0 0.00 192 0.00 0.0015
2019-07-31 2019-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 661 -2,007 59 0.0010
2021-09-02 2019-03-31 13F/A-1 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 2,668 1,824 216.11 192 242.86 0.0015
2019-04-22 2019-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 811 -33 68 0.0014
2019-01-25 2018-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 844 -41 -4.63 56 -27.27 0.0014
2018-10-29 2018-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 885 -104 -10.52 77 -23.00 0.0020
2018-07-31 2018-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 989 931 1,605.17 100 1,566.67 0.0033
2018-04-26 2018-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 58 41 241.18 6 200.00 0.0002
2018-01-16 2017-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 17 0 0.00 2 0.00 0.0001
2017-10-16 2017-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 17 8 88.89 2 100.00 0.0001
2017-07-17 2017-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9 9 1 0.0001
2016-10-17 2016-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 0 -3 -100.00 0 0.0000
2016-07-21 2016-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 3 3 0.00 0 0.0000
2016-04-18 2016-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 0 -13 -100.00 0 -100.00
2016-02-01 2015-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 13 13 2 0.0002
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.