Who Owns Budweiser?
Updated onExplore the ownership hierarchy of Budweiser. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Budweiser
Budweiser is an American-style lager beer brand owned by Anheuser-Busch InBev, marketed as the “King of Beers” and brewed since 1876.
Anheuser-Busch
Anheuser-Busch is a major American brewing company headquartered in St. Louis, Missouri, and the U.S. subsidiary of Anheuser-Busch InBev that produces leading beer brands such as Budweiser and Michelob.
Anheuser-Busch InBev
Anheuser-Busch InBev is a Belgian multinational brewing and beverage company and the world's largest brewer, producing and marketing hundreds of beer and beverage brands worldwide.
Budweiser
Budweiser is an American-style lager beer brand owned by Anheuser-Busch InBev, marketed as the “King of Beers” and brewed since 1876.
Anheuser-Busch
Anheuser-Busch is a major American brewing company headquartered in St. Louis, Missouri, and the U.S. subsidiary of Anheuser-Busch InBev that produces leading beer brands such as Budweiser and Michelob.
Anheuser-Busch InBev
Anheuser-Busch InBev is a Belgian multinational brewing and beverage company and the world's largest brewer, producing and marketing hundreds of beer and beverage brands worldwide.
Major Shareholders
Budweiser
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Stichting Anheuser-Busch InBev Dutch foundation that acts as AB InBev's reference shareholder, representing an important portion of the Belgian founding families (Van Damme, de Spoelberch, de Mévius) and the Brazilian 3G Capital‑linked families, and nominating 8 of AB InBev's 15 directors. All percentages here refer to Anheuser‑Busch InBev SA/NV (Euronext: ABI, NYSE: BUD), the listed parent company that owns the Budweiser brand, not to the Budweiser brand itself. | Corporate | 34.0% | 34.0% | May 2025 |
Altria Group, Inc. U.S. tobacco company (maker of Marlboro) and long‑term strategic “restricted shareholder” of AB InBev. After a March 2024 secondary offering and concurrent AB InBev share buyback, Altria’s stake was reduced from about 10% to roughly 8%. | Corporate | 8.2% | 8.2% | Feb 2025 |
Bevco Lux S.à r.l. Luxembourg investment company owned by the Santo Domingo Group; it manages that family’s minority stake in AB InBev and is treated as one of the company’s “restricted shareholders.” | Corporate | 5.3% | 5.3% | Feb 2025 |
Eugénie Patri Sébastien SA (EPS) Luxembourg holding company that pools part of the historic Belgian shareholder families’ interest in AB InBev and holds a significant stake both directly and via Stichting Anheuser‑Busch InBev. | Corporate | 3.5% | 3.5% | May 2025 |
Dodge & Cox U.S. investment manager; aggregate holdings across its funds make Dodge & Cox one of AB InBev’s largest institutional shareholders. | Institutional | 3.4% | 3.4% | Sep 2025 |
BlackRock, Inc. Global asset manager; holds AB InBev shares primarily through a mix of index and active mutual funds and ETFs. | Institutional | 2.9% | 2.9% | Nov 2025 |
The Vanguard Group, Inc. Major passive asset manager; AB InBev is included in several of Vanguard’s international equity index funds and ETFs. | Institutional | 2.1% | 2.1% | Oct 2025 |
BRC S.à r.l. Luxembourg investment vehicle associated with the Brazilian families linked to 3G Capital; together with the Belgian families’ holdings, it forms part of the long‑term control group around AB InBev via Stichting Anheuser‑Busch InBev. | Corporate | 1.4% | 1.4% | May 2025 |
Norges Bank Investment Management Asset‑management arm of Norway’s central bank, managing the Government Pension Fund Global; holds AB InBev as a long‑term portfolio investment. | Government | 0.9% | 0.9% | Jun 2025 |
Capital Research and Management Company U.S. active asset manager within Capital Group; several of its global equity funds are significant holders of AB InBev shares. | Institutional | 0.8% | 0.8% | Nov 2025 |
Anheuser-Busch
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Stichting Anheuser-Busch InBev Dutch foundation that pools the holdings of AB InBev’s Belgian founding families (Van Damme, de Mévius, de Spoelberch) and Brazilian 3G partners (Lemann, Sicupira, Telles). It is the long‑term controlling shareholder of Anheuser‑Busch InBev SA/NV (EBR:ABI), which in turn wholly owns Anheuser‑Busch Companies, LLC; percentage reflects its direct stake in AB InBev’s outstanding shares as of May 12, 2025. | Family | 34.0% | 34.0% | May 2025 |
Altria Group, Inc. U.S. tobacco company and long‑standing strategic shareholder that received AB InBev shares in the SABMiller transaction. After selling 35 million shares in a 2024 secondary offering (combined with a $200m buyback by AB InBev), Altria’s holding fell from about 10% to roughly 8% of AB InBev’s share capital; 8.15% is the disclosed stake as of February 7, 2025. | Corporate | 8.2% | 8.2% | Feb 2025 |
Bevco Lux S.à r.l. Luxembourg investment vehicle for Colombia’s Santo Domingo family (former controlling shareholders of SABMiller). Through Bevco and related entities, the family holds a significant minority stake in AB InBev; regulatory transparency filings and 2025 ownership tables show Bevco Lux holding about 5.3% of AB InBev’s shares. | Family | 5.3% | 5.3% | Feb 2025 |
Eugénie Patri Sébastien SA (EPS) Luxembourg holding company that manages part of the historic Belgian family interests in AB InBev and in certificates of Stichting Anheuser‑Busch InBev. Recent Belgian and Luxembourg disclosures describe EPS as a key vehicle for these families; public shareholder registers and 2025 data show it owning roughly 3.4–3.7% of AB InBev. | Family | 3.5% | 3.5% | May 2025 |
Dodge & Cox U.S. asset‑management firm whose international and global equity funds hold a sizable position in AB InBev. Filings and ownership summaries in 2025 show Dodge & Cox controlling about 3.4–5.1% depending on the denominator used; 3.40% reflects its share of total outstanding stock as of September 30, 2025. | Institutional | 3.4% | 3.4% | Sep 2025 |
BlackRock, Inc. Global asset manager whose index and active funds collectively make it one of AB InBev’s largest free‑float shareholders. 2025 holder tables report BlackRock with approximately 2.9% of AB InBev’s outstanding shares as of November 10, 2025. | Institutional | 2.9% | 2.9% | Nov 2025 |
The Vanguard Group, Inc. Major index‑fund provider and long‑term institutional holder. FactSet/Yahoo Finance and 2025 ownership data attribute roughly 2.0–2.1% of AB InBev’s shares to Vanguard as of late October 2025. | Institutional | 2.1% | 2.1% | Oct 2025 |
BRC Sàrl Luxembourg holding company associated with Brazilian 3G Capital principals (Jorge Paulo Lemann, Marcel Telles, Carlos Alberto Sicupira). Belgian transparency notifications show BRC acting in concert with Stichting AB InBev, EPS and related entities; 2025 shareholder lists give it roughly a 1.4–1.6% direct stake in AB InBev. | Family | 1.4% | 1.4% | May 2025 |
Norges Bank Investment Management (Norwegian Government Pension Fund Global) Norway’s sovereign wealth fund, managed by Norges Bank IM, is a significant global institutional investor. Its 2025 portfolio disclosures and third‑party ownership data show an AB InBev position equal to about 0.9–1.2% of outstanding shares as of June 30, 2025. | Government | 0.9% | 0.9% | Jun 2025 |
Capital Research and Management Company (Capital Group) Large active asset manager (Capital Group) holding AB InBev across several of its funds. Late‑2025 holder reports list Capital Research with just over 0.8% of AB InBev’s outstanding shares as of November 28, 2025. | Institutional | 0.8% | 0.8% | Nov 2025 |
Anheuser-Busch InBev
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Stichting Anheuser-Busch InBev Dutch foundation that holds the core controlling stake in AB InBev on behalf of the Belgian founding families and long‑term partners; percentage based on public shareholder disclosures and S&P/Investing.com ownership data around year‑end 2024 and early 2025. | Corporate | 38.4% | 38.4% | Feb 2025 |
Altria Group, Inc. US-based tobacco company that became a major AB InBev shareholder through the SABMiller transaction; holds a large block of ordinary and former restricted shares, with its stake disclosed in Schedule 13D/A filings and reflected in major shareholder summaries. | Corporate | 8.1% | 8.1% | Feb 2025 |
Bevco Lux S.à r.l. Luxembourg investment company owned by the Santo Domingo Group; manages that group’s strategic minority stake in AB InBev, including former SABMiller-related restricted shares, as reported in its investor materials and external ownership databases. | Corporate | 5.2% | 5.2% | Feb 2025 |
Eugénie Patri Sébastien S.A. Belgian/Luxembourg holding company linked to the founding families; owns a direct stake in AB InBev and, via EPS Participations, co-owns Stichting Anheuser-Busch InBev, according to SEC Schedule 13D disclosures and European shareholding reports. | Corporate | 3.4% | 3.4% | Jan 2025 |
Dodge & Cox US investment manager and one of the largest institutional holders of AB InBev (including NYSE-listed BUD ADRs); aggregate stake derived from 13F filings and compiled ownership data for early 2025. | Institutional | 3.4% | 3.4% | Apr 2025 |
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