Driehaus Capital Management Llc Increased Ambev Sa (NYSE:ABEV) Stake by $46.07 Million

May 23, 2018 - By Ellis Scott

Ambev S.A. (NYSE:ABEV) Logo

Richard Driehaus increased its stake in Ambev Sa (NYSE:ABEV) by 18021.36% based on its latest 2018Q1 regulatory filing with the SEC. Driehaus Capital Management Llc bought 6.58 million shares as the company’s stock rose 12.92% while stock markets declined. The hedge fund run by Richard Driehaus held 6.62 million shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $48.11M, up from 36,518 at the end of the previous reported quarter. Driehaus Capital Management Llc who had been investing in Ambev Sa for a number of months, seems to be bullish on the $86.73B market cap company. The stock increased 1.10% or $0.06 during the last trading session, reaching $5.52. About 28.85M shares traded or 28.47% up from the average. Ambev S.A. (NYSE:ABEV) has risen 25.75% since May 23, 2017 and is uptrending. It has outperformed by 14.20% the S&P500.

Driehaus Capital Management Llc, which manages about $12.71B and $2.83 billion US Long portfolio, decreased its stake in Nxp Semiconductors Nv (NASDAQ:NXPI) by 129,833 shares to 536,765 shares, valued at $62.80 million in 2018Q1, according to the filing. It also reduced its holding in Loxo Oncology Inc (NASDAQ:LOXO) by 168,880 shares in the quarter, leaving it with 405,615 shares, and cut its stake in Aptiv Plc ().

Richard Driehaus was only thirteen years old when he began playing the stock market, using money earned as a paper boy to buy his first share. Driehaus is savvy, but lives by the simple motto, “Everyone wants to be rich, but few want to work for it”. He was just a child when asked by his teacher, what 3% of 10000 was. Rather than respond, Richard sat there until the teacher asked him why he didn’t know. Driehaus response is indicative of his sentiment towards wealth, “Sister, I’m just not interested in 3%”. Driehaus Capital Management Llc is a Illinois-based hedge fund that was founded by Richard Driehaus. It had more than $12.71 billion assets under management in January, 2015. This fund invests only a small percentage of its assets in equities and options. Taken from Driehaus Capital Management latest Adv, the fund reported to have 95 full and part-time employees. Among which 40 performing investment advisory and research functions. The hedge fund had between 26-100 clients.

Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. The company has market cap of $86.73 billion. The firm operates through Latin America North, Latin America South, and Canada divisions. It has a 40.59 P/E ratio. It offers beers primarily under the Skol, Brahma, Quilmes Cristal, Stella Artois, Paceña, Taquiña, Huari, Antarctica Becker, Beck, Leffe, Corona, Báltica, Pilsen, Patricia, Presidente, Brahma Light, President Light, Bohemia, The One, Becker, Bud Light, Ouro Fino, Modelo Especial, Brahva, Brahva Gold, Extra, Hoegaarden, and Budweiser brands.

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