First Eagle Investment Management significantly increased its stake in beverage giant Ambev SA (ABEV) during the second quarter of 2026, boosting its holding by over 101%. The investment firm added approximately 351.7 million shares, bringing its total to 698.65 million. This trade increased the value of First Eagle's Ambev position to $2.19 billion, representing 3.61% of its reported portfolio.
This disclosure comes from a quarterly 13F filing with the SEC, which is a delayed look at a professional investor's portfolio as of June 30, 2026. The filing does not indicate the exact dates of the trades. The move came during a strong second quarter for Ambev, which reported a 6% increase in net revenue and a 24% surge in normalized earnings per share, driven by growth in its premium beer segment and digital platforms.