Richard Pzena's ABEV Position Overview
Richard Pzena (via Pzena Investment Management LLC) currently holds 4.42 M shares of Ambev S.A. (ABEV) worth $10.92 M, representing 0.03% of the portfolio. First purchased in 2020-Q3, this long-term strategic position has been held for 22 quarters.
Based on 13F filings, Richard Pzena has maintained a strategic position in ABEV, demonstrating sustained confidence in this investment. Largest addition occurred in Q1 2023, adding 4.78 M shares. Largest reduction occurred in Q3 2025, reducing 5.8 M shares.
Analysis based on 13F filings available since 2013 Q2
Richard Pzena's Ambev (ABEV) Holding Value Over Time
Track share changes against reported price movement
Quarterly Ambev (ABEV) Trades by Richard Pzena
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q3 2020 | +757,165 | New Buy | 757,165 | $2.26 |
| Q4 2020 | +888,145 | Add 117.30% | 1.65 M | $3.06 |
| Q1 2021 | +486,858 | Add 29.59% | 2.13 M | $2.74 |
| Q2 2021 | +3.21 M | Add 150.35% | 5.34 M | $3.44 |
| Q3 2021 | +2.25 M | Add 42.11% | 7.59 M | $2.76 |
| Q4 2021 | +1.82 M | Add 23.95% | 9.4 M | $2.80 |
| Q2 2022 | +19,004 | Add 0.20% | 9.42 M | $2.51 |
| Q3 2022 | +399,227 | Add 4.24% | 9.82 M | $2.83 |
| Q4 2022 | +1.58 M | Add 16.05% | 11.4 M | $2.72 |
| Q1 2023 | +4.78 M | Add 41.95% | 16.18 M | $2.82 |
| Q2 2023 | -1.47 M | Reduce 9.10% | 14.71 M | $3.18 |
| Q3 2023 | -373,596 | Reduce 2.54% | 14.33 M | $2.58 |
| Q4 2023 | -105,043 | Reduce 0.73% | 14.23 M | $2.80 |
| Q1 2024 | -22,108 | Reduce 0.16% | 14.21 M | $2.48 |
| Q2 2024 | +4.18 M | Add 29.43% | 18.39 M | $2.05 |
| Q3 2024 | -34,223 | Reduce 0.19% | 18.35 M | $2.44 |
| Q4 2024 | -4.52 M | Reduce 24.61% | 13.84 M | $1.85 |
| Q1 2025 | +3,887 | Add 0.03% | 13.84 M | $2.33 |
| Q2 2025 | -3.52 M | Reduce 25.47% | 10.32 M | $2.41 |
| Q3 2025 | -5.8 M | Reduce 56.23% | 4.51 M | $2.23 |
| Q4 2025 | -93,085 | Reduce 2.06% | 4.42 M | $2.47 |
Richard Pzena's Ambev Investment FAQs
Richard Pzena first purchased Ambev S.A. (ABEV) in Q3 2020, acquiring 757,165 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Richard Pzena has held Ambev S.A. (ABEV) for 22 quarters since Q3 2020.
Richard Pzena's largest addition to Ambev S.A. (ABEV) was in Q1 2023, adding 16,178,593 shares worth $45.62 M.
According to the latest 13F filing for Q4 2025, Richard Pzena's firm, Pzena Investment Management LLC, owns 4,421,619 shares of Ambev S.A. (ABEV), valued at approximately $10.92 M.
As of the Q4 2025 filing, Ambev S.A. (ABEV) represents approximately 0.03% of Richard Pzena's publicly disclosed stock portfolio, making it one of their key holdings.
Richard Pzena's peak holding in Ambev S.A. (ABEV) was 18,385,312 shares, as reported at the end of Q2 2024.