BUD β€” ANHEUSER BUSCH INBEV SA/NV

Ownership history in FOX RUN MANAGEMENT, L.L.C.  Β·  14 quarters on record

This page tracks every 13F SEC filing in which FOX RUN MANAGEMENT, L.L.C. reported a position in ANHEUSER BUSCH INBEV SA/NV (BUD). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.37% (2019 Q4)
πŸ“Š Avg. % of fund
0.17%
πŸ“… First filed
2017 Q1
πŸ“… Last filed
2025 Q3
⏱ Quarters held
14

Position Intelligence

FOX RUN MANAGEMENT, L.L.C. Γ— BUD AI Analytics

πŸ“‰ FOX RUN MANAGEMENT, L.L.C. underperformed the S&P 500 by –51.9% annually on this BUD position. Timing score: 77% (10/13 decisions correct). Average cost basis: $63.55. Maximum drawdown during holding period: –43.7%.

πŸ“ˆ Position Alpha vs SPY
-51.9%
annualised excess return

❌ Significantly underperformed the S&P 500 by 51.9% ann.
13 quarters analyzed

⏱️ Timing Score
77%

🎯 Smart timing β€” consistently buying dips and trimming near peaks.
10 of 13 add/trim decisions correct

πŸ’° Entry Quality
$63.55
-6.2% vs current ($59.61)

Best entry: $54.94 (2023 Q2)  Β·  Worst: $95.05 (2017 Q2)

πŸ›‘οΈ Drawdown Resilience
–43.7%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
50%
buy-side decisions

7 adds Β· 7 trims. Bought during 4 of 7 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.03% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    BUD price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 3,627 -15,538 -81.1% 0.03% $216K $59.61
2025 Q2 REDUCED 19,165 -3,519 -15.5% 0.22% $1.3M $68.72
2025 Q1 ADDED 22,684 +18,223 +408.5% 0.22% $1.4M $60.51
2024 Q3 REDUCED 4,461 -20,449 -82.1% 0.07% $296K $65.16
2024 Q2 ADDED 24,910 +10,027 +67.4% 0.27% $1.4M $57.16
2023 Q2 ADDED 14,883 +10,704 +256.1% 0.24% $844K $54.94
2022 Q4 REDUCED 4,179 -1,174 -21.9% 0.10% $251K $57.40
2022 Q1 REDUCED 5,353 -297 -5.3% 0.18% $322K $56.87
2019 Q4 ADDED 5,650 +3,174 +128.2% 0.37% $464K $76.30
2018 Q3 ADDED 2,476 +235 +10.5% 0.09% $217K $78.58
4 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history

🏒 Other funds also holding BUD

As of 2025 Q4 β€” sorted by position size

Cook & Bynum Capital Management, LLC 3Y 7Y 21.62% Seafarer Capital Partners, LLC 3Y 7Y 17.2% SALT Holding Corp. 5.68% Capco Asset Management, LLC 3Y 7Y 4.72% Hillman Capital Management, Inc. 3Y 7Y 3.33% PENN DAVIS MCFARLAND INC 3Y 7Y 2.99% Long Focus Capital Management, LLC 3Y 2.13% Clarkston Capital Partners, LLC 3Y 7Y 1.52% XY Capital Ltd 3Y 1.15% DODGE & COX 3Y 7Y 1.14%
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