Third Point’s AB InBev BUD Stock Holding History

Third Point’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
2015 Q4	–	Sell	-1,250,000	Closed	-$133M	–	29
2015 Q3	$133M	Hold	1,250,000	–	–	1.25%	23
2015 Q2	$151M	Buy	1,250,000 +500,000	+67%	+$61.4M	1.41%	25
2015 Q1	$91.4M	Buy	+750,000	New	+$90.6M	0.85%	32

Other funds holding BUD

SCP

Soroban Capital Partners New York $51.8B AUM 21.41% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

Fisher Asset Management Camas, Washington $295B AUM 31.6% 1-Year Est. Return

ClearBridge Investments New York $115B AUM 24.78% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

Lazard Asset Management New York $60.8B AUM 22.47% 1-Year Est. Return

Third Point's BUD Position: Q4 2016 in Review

Third Point sold out of AB InBev (BUD) in Q4 2016, closing a stake of 1,600,000 shares — an estimated $210M sold.

Third Point first reported a position in BUD in Q1 2014 and held it in 11 quarters. The position peaked at $253M in Q4 2014. 500 funds tracked by Wall St. Rank hold BUD as of Q4 2016.

Third Point reported no remaining AB InBev position as of Q4 2016 after selling out during the quarter.
Third Point sold 1,600,000 AB InBev shares in Q4 2016, an estimated $210M.
Third Point first reported a position in AB InBev in Q1 2014 and held it in 11 quarters.
Third Point's AB InBev position peaked at $253M in Q4 2014.
500 funds tracked by Wall St. Rank held AB InBev as of Q4 2016.

Based on Third Point's 13F filing for Q4 2016, filed 10 Feb 2017.