Who Owns Grupo Modelo?
Updated onExplore the ownership hierarchy of Grupo Modelo. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Grupo Modelo
Grupo Modelo is a Mexican brewing company that produces, distributes, and exports leading beer brands such as Corona, Modelo, Victoria, and Pacífico, and operates as part of Anheuser-Busch InBev.
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.
Grupo Modelo
Grupo Modelo is a Mexican brewing company that produces, distributes, and exports leading beer brands such as Corona, Modelo, Victoria, and Pacífico, and operates as part of Anheuser-Busch InBev.
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
Grupo Modelo
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Stichting Anheuser-Busch InBev Dutch foundation that acts as the main reference shareholder of Anheuser-Busch InBev (ABI). It represents the interests of the Belgian founding families (de Spoelberch, de Mévius, Van Damme) and Brazilian 3G Capital partners. Percentage is an indirect stake in Grupo Modelo via ABI, which has owned 100% of Grupo Modelo since 2013. | Other | 34.0% | 34.0% | May 2025 |
Altria Group, Inc. U.S. tobacco company holding a large strategic stake in Anheuser-Busch InBev. Economic interest translates into an indirect ownership stake in Grupo Modelo through ABI’s full ownership. Stake has been partially monetized via secondary offerings in 2024–2025; percentage shown is as of the reported date. | Corporate | 8.2% | 8.2% | Feb 2025 |
Bevco Lux S.à r.l. Luxembourg-based investment vehicle associated with long-term shareholders in AB InBev (linked in public filings to the historical controlling investor group). Holds an indirect stake in Grupo Modelo via its equity position in ABI. | Corporate | 5.3% | 5.3% | Feb 2025 |
Eugénie Patri Sébastien SA Belgian family holding company that is part of the AB InBev reference shareholder group. Its shareholding in AB InBev confers an indirect ownership interest in Grupo Modelo. | Family | 3.5% | 3.5% | May 2025 |
Dodge & Cox U.S.-based institutional asset manager. Holds AB InBev shares primarily through its international equity funds, giving it an indirect minority stake in Grupo Modelo via ABI’s 100% ownership of the Mexican brewer. | Institutional | 3.4% | 3.4% | Sep 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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