Markel Group’s AB InBev BUD Stock Holding History

Markel Group’s Portfolio BUD Stock Details BUD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-11,000	Closed	-$756K	–	131
2025 Q2	$756K	Hold	11,000	–	–	0.01%	137
2025 Q1	$677K	Hold	11,000	–	–	0.01%	134
2024 Q4	$551K	Hold	11,000	–	–	﹤0.01%	132
2024 Q3	$729K	Hold	11,000	–	–	0.01%	131
2024 Q2	$640K	Hold	11,000	–	–	0.01%	134
2024 Q1	$669K	Hold	11,000	–	–	0.01%	132
2023 Q4	$711K	Hold	11,000	–	–	0.01%	126
2023 Q3	$608K	Buy	11,000 +2,000	+22%	+$113K	0.01%	133
2023 Q2	$510K	Buy	+9,000	New	+$544K	0.01%	130
2020 Q1	–	Sell	-13,000	Closed	-$1.07M	–	131
2019 Q4	$1.07M	Hold	13,000	–	–	0.01%	130
2019 Q3	$1.24M	Buy	13,000 +10,000	+333%	+$949K	0.02%	127
2019 Q2	$266K	Buy	+3,000	New	+$257K	﹤0.01%	135
2015 Q4	–	Sell	-425,000	Closed	-$45.2M	–	131
2015 Q3	$45.2M	Hold	425,000	–	–	1.19%	26
2015 Q2	$51.3M	Hold	425,000	–	–	1.28%	26
2015 Q1	$51.8M	Hold	425,000	–	–	1.31%	25
2014 Q4	$47.7M	Hold	425,000	–	–	1.2%	26
2014 Q3	$47.1M	Buy	425,000 +10,000	+2%	+$1.12M	1.33%	25
2014 Q2	$47.7M	Buy	415,000 +5,000	+1%	+$550K	1.36%	23
2014 Q1	$43.2M	Sell	410,000 -1,600	-0.4%	-$162K	1.33%	23
2013 Q4	$43.8M	Sell	411,600 -803	-0.2%	-$82K	1.39%	22
2013 Q3	$40.9M	Buy	412,403 +16,850	+4%	+$1.6M	1.4%	22
2013 Q2	$35.7M	Buy	+395,553	New	+$37.7M	1.28%	23

Other funds holding BUD

Dodge & Cox San Francisco, California $191B AUM 17.5% 1-Year Est. Return

Fisher Asset Management Camas, Washington $336B AUM 34.66% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $128B AUM 35.83% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Davenport & Co Richmond, Virginia $20.4B AUM 18.11% 1-Year Est. Return

Gates Foundation Trust Kirkland, Washington $34.4B AUM 26.34% 1-Year Est. Return

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

Markel Group's BUD Position: Q3 2025 in Review

Markel Group sold out of AB InBev (BUD) in Q3 2025, closing a stake of 11,000 shares — an estimated $756K sold.

Markel Group first reported a position in BUD in Q2 2013 and held it in 22 quarters. The position peaked at $51.8M in Q1 2015. 483 funds tracked by Wall St. Rank hold BUD as of Q3 2025.

Markel Group reported no remaining AB InBev position as of Q3 2025 after selling out during the quarter.
Markel Group sold 11,000 AB InBev shares in Q3 2025, an estimated $756K.
Markel Group first reported a position in AB InBev in Q2 2013 and held it in 22 quarters.
Markel Group's AB InBev position peaked at $51.8M in Q1 2015.
483 funds tracked by Wall St. Rank held AB InBev as of Q3 2025.

Based on Markel Group's 13F filing for Q3 2025, filed 31 Oct 2025.