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

SecurityBUD / Anheuser-Busch InBev SA/NV - Depositary Receipt (Common Stock)
InstitutionWetherby Asset Management Inc
Latest Disclosed Ownership9,860 shares
Latest Disclosed Value $ 587,755
Wetherby Asset Management Inc reports 13.06% decrease in ownership of BUD / Anheuser-Busch InBev SA/NV - Depositary Receipt (Common Stock)

On November 14, 2025 - Wetherby Asset Management Inc filed a 13F-HR form disclosing ownership of 9,860 shares of Anheuser-Busch InBev SA/NV - Depositary Receipt (Common Stock) (US:BUD) valued at $587,755 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 11,341 shares of Anheuser-Busch InBev SA/NV - Depositary Receipt (Common Stock). This represents a change in shares of -13.06% during the quarter. The current value of the position is $774,010 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)
2025-11-14 2025-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,860 -1,481 -13.06 588 -24.65 0.0240
2025-08-14 2025-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 11,341 1,124 11.00 779 52.45 0.0347
2025-02-14 2024-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 10,217 -2,521 -19.79 512 -39.45 0.0245
2024-11-14 2024-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 12,738 -706 -5.25 844 8.07 0.0386
2024-08-14 2024-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 13,444 156 1.17 782 -3.22 0.0369
2024-05-15 2024-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 13,288 -180 -1.34 808 -7.24 0.0385
2024-02-14 2023-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 13,468 443 3.40 870 20.83 0.0453
2023-11-14 2023-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 13,025 1,941 17.51 720 14.65 0.0408
2023-08-14 2023-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 11,084 -1,694 -13.26 629 -26.29 0.0339
2023-05-12 2023-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 12,778 1,805 16.45 853 29.48 0.0499
2023-02-14 2022-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 10,973 2,605 31.13 659 74.07 0.0423
2022-11-14 2022-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,368 -837 -9.09 378 -23.94 0.0267
2022-08-15 2022-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,205 -294 -3.10 497 -12.81 0.0339
2022-05-16 2022-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,499 -259 -2.65 570 -3.55 0.0327
2022-02-14 2021-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,758 493 5.32 591 13.22 0.0332
2021-11-15 2021-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,265 150 1.65 522 -20.43 0.0322
2021-08-16 2021-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,115 198 2.22 656 16.93 0.0400
2021-05-14 2021-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,917 -496 -5.27 561 -14.74 0.0428
2021-02-11 2020-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,413 97 1.04 658 31.08 0.0446
2020-12-16 2020-09-30 13F/A-01 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,316 2,130 29.64 502 41.81 0.0460
2020-11-13 2020-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,316 2,130 502 31,931.6078
2020-08-14 2020-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 7,186 7,186 354 0.0336
2020-05-06 2020-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 0 -8,253 -100.00 0 -100.00
2020-01-28 2019-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,253 -3,535 -29.99 677 -39.66 0.0667
2019-10-31 2019-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 11,788 412 3.62 1,122 11.42 0.1171
2019-07-25 2019-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 11,376 2,893 34.10 1,007 41.23 0.1102
2019-07-25 2019-03-31 13F/A-1 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,483 3,811 81.57 713 131.49 0.0888
2019-05-09 2019-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,483 3,811 713
2019-01-30 2018-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 4,672 -1,017 -17.88 308 -38.28 0.0436
2018-11-07 2018-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 5,689 -1,177 -17.14 499 -27.89 0.0616
2018-07-24 2018-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 6,866 -1,218 -15.07 692 -22.07 0.0937
2018-05-04 2018-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,084 -273 -3.27 888 -4.72 0.1226
2018-02-09 2017-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,357 -138 -1.62 932 -8.00 0.1293
2017-11-13 2017-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,495 284 3.46 1,013 11.69 0.1507
2017-08-01 2017-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,211 235 2.95 907 3.66 0.1543
2017-04-27 2017-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 7,976 378 4.97 875 9.24 0.1574
2017-02-08 2016-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 7,598 -3,057 -28.69 801 -42.79 0.1569
2016-11-14 2016-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 10,655 1,339 14.37 1,400 14.19 0.2832
2016-08-10 2016-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 9,316 415 4.66 1,226 10.45 0.2718
2016-05-10 2016-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,901 328 3.83 1,110 3.64 0.2616
2016-02-08 2015-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,573 595 7.46 1,071 26.30 0.2568
2015-11-12 2015-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 7,978 -35 -0.44 848 -12.31 0.2173
2015-08-12 2015-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 8,013 75 0.94 967 -0.10 0.2325
2015-05-08 2015-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 7,938 375 4.96 968 14.02 0.2357
2015-02-12 2014-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 7,563 212 2.88 849 4.17 0.2135
2014-11-03 2014-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 7,351 528 7.74 815 3.95 0.2272
2014-08-01 2014-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 6,823 697 11.38 784 21.55 0.2213
2014-05-05 2014-03-31 13F/A-1 ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 6,126 217 3.67 645 2.54 0.1849
2014-04-30 2014-03-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 6,126 645
2014-01-29 2013-12-31 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 5,909 322 5.76 629 13.54 0.1794
2013-10-29 2013-09-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 5,587 793 16.54 554 28.24 0.1728
2013-07-24 2013-06-30 13F ANHEUSER BUSCH INBEV SPONSORED ADR 03524A108 4,794 4,794 432 0.1506
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.