SCHEDULE: BBB Foods Inc. Ownership Update: QS Entities Report Stake

Several QS-affiliated entities have reported their beneficial ownership of BBB Foods Inc. Class A Common Shares, with holdings converted from Class C shares.

Summary

• This filing is an amendment to a Schedule 13G, reporting changes in beneficial ownership of BBB Foods Inc. Class A Common Shares.
• The reporting persons are QS 3B Aggregator Inc., QS Direct SI 2 S.C.A., SICAR, in liquidation, QS Management Ltd., QS Direct SI 2, Quilvest Capital Partners SA, and Bemberg Capital.
• As of June 30, 2026, these entities collectively beneficially owned 2,299,502 Class C Common Shares, which are convertible into Class A Common Shares.
• QS 3B Aggregator Inc. and QS Management Ltd. each hold 2,246,409 Class C shares, representing 3.5% of the Class A Common Shares outstanding on a converted basis.
• QS Direct SI 2 S.C.A., SICAR, in liquidation, and QS Direct SI 2 each hold 53,093 Class C shares, representing 0.1% of the Class A Common Shares outstanding on a converted basis.
• Quilvest Capital Partners SA and Bemberg Capital each hold 2,299,502 Class C shares, representing 3.5% of the Class A Common Shares outstanding on a converted basis.
• The percentages are calculated based on the number of Class C shares converted to Class A shares, plus the outstanding Class A shares as of May 28, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports on beneficial ownership changes and does not contain operational or financial performance updates.

Positives

• Increased transparency regarding significant shareholdings through the Schedule 13G filing.
• Clear reporting of beneficial ownership, aiding investors in understanding the shareholder landscape.

Negatives

• The filing does not provide any information on the company's financial performance or operational status.
• The reporting entities are primarily investment vehicles, offering limited insight into operational management.

Risks

• Potential for future changes in beneficial ownership by these entities could impact share price.
• Concentration of ownership among a few related entities could influence corporate governance decisions.

Future Outlook

No forward-looking statements or guidance are provided in this filing, as it pertains to ownership reporting.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard for institutional investors and investment funds acquiring a significant stake in a public company. The reporting by multiple QS-affiliated entities suggests a coordinated investment strategy.

Related Party Transactions

• The filing details a joint filing agreement among QS 3B Aggregator Inc., QS Direct SI 2 S.C.A., SICAR, in liquidation, QS Management Ltd., QS Direct SI 2, Quilvest Capital Partners SA, and Bemberg Capital, indicating a coordinated effort in beneficial ownership reporting.

Stakeholder Impact

• Shareholders gain clarity on the beneficial ownership structure, particularly concerning the holdings of QS-affiliated entities.
• Potential for increased influence on corporate governance by the reporting entities due to their significant combined stake.

Next Steps

• Monitor future filings for any changes in beneficial ownership by the reporting entities.
• Observe any strategic decisions or corporate governance actions influenced by these significant holdings.

Key Dates

Keywords

BBB Foods Inc., Schedule 13G, Beneficial Ownership, Class A Common Shares, Class C Common Shares, QS 3B Aggregator Inc., Quilvest Capital Partners SA, Ownership Stake