Scout Capital Management’s AB InBev BUD Stock Holding History

Scout Capital Management’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
2014 Q1	–	Sell	-2,350,000	Closed	-$250M	–	9
2013 Q4	$250M	Buy	2,350,000 +250,000	+12%	+$25.5M	4.12%	10
2013 Q3	$208M	Buy	2,100,000 +1,250,000	+147%	+$119M	4.24%	6
2013 Q2	$76.7M	Buy	+850,000	New	+$81M	1.25%	30

Other funds holding BUD

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

WRF

Waddell & Reed Financial Overland Park, Kansas $48.6B AUM 84.78% 1-Year Est. Return

GRQ

Gardner Russo & Quinn Lancaster, Pennsylvania $8.93B AUM 6.76% 1-Year Est. Return

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

ClearBridge Investments New York $121B AUM 27.52% 1-Year Est. Return

ESG

Emerging Sovereign Group New York $252M AUM 22.55% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

SIG

Senator Investment Group New York $2.74B AUM 55.95% 1-Year Est. Return

First Manhattan New York $39.2B AUM 21.04% 1-Year Est. Return

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

Scout Capital Management's BUD Position: Q1 2014 in Review

Scout Capital Management sold out of AB InBev (BUD) in Q1 2014, closing a stake of 2,350,000 shares — an estimated $250M sold.

Scout Capital Management first reported a position in BUD in Q2 2013 and held it in 3 quarters. The position peaked at $250M in Q4 2013. 380 funds tracked by Wall St. Rank hold BUD as of Q1 2014.

Scout Capital Management reported no remaining AB InBev position as of Q1 2014 after selling out during the quarter.
Scout Capital Management sold 2,350,000 AB InBev shares in Q1 2014, an estimated $250M.
Scout Capital Management first reported a position in AB InBev in Q2 2013 and held it in 3 quarters.
Scout Capital Management's AB InBev position peaked at $250M in Q4 2013.
380 funds tracked by Wall St. Rank held AB InBev as of Q1 2014.

Based on Scout Capital Management's 13F filing for Q1 2014.