Cambridge Investment Research Advisors’s Boston Beer SAM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-5,223	Closed	-$1.02M	–	4049
2025 Q4	$1.02M	Buy	5,223 +2,038	+64%	+$420K	﹤0.01%	2082
2025 Q3	$673K	Buy	+3,185	New	+$678K	﹤0.01%	2394
2023 Q1	–	Sell	-910	Closed	-$300K	–	3238
2022 Q4	$300K	Sell	910 -342	-27%	-$124K	﹤0.01%	2429
2022 Q3	$405K	Sell	1,252 -365	-23%	-$126K	﹤0.01%	2109
2022 Q2	$490K	Sell	1,617 -161	-9%	-$56K	﹤0.01%	1982
2022 Q1	$691K	Buy	1,778 +696	+64%	+$290K	﹤0.01%	1850
2021 Q4	$547K	Buy	1,082 +37	+4%	+$18.5K	﹤0.01%	2039
2021 Q3	$533K	Buy	1,045 +203	+24%	+$138K	﹤0.01%	2000
2021 Q2	$860K	Sell	842 -115	-12%	-$129K	﹤0.01%	1648
2021 Q1	$1.15M	Buy	957 +121	+14%	+$127K	0.01%	1326
2020 Q4	$831K	Buy	836 +97	+13%	+$93.1K	﹤0.01%	1425
2020 Q3	$653K	Buy	739 +47	+7%	+$37.1K	﹤0.01%	1434
2020 Q2	$371K	Buy	692 +79	+13%	+$38.3K	﹤0.01%	1723
2020 Q1	$225K	Buy	+613	New	+$227K	﹤0.01%	1858
2019 Q3	–	Sell	-632	Closed	-$239K	–	2399
2019 Q2	$239K	Buy	+632	New	+$200K	﹤0.01%	1897
2018 Q4	–	Sell	-779	Closed	-$224K	–	2266
2018 Q3	$224K	Buy	+779	New	+$234K	﹤0.01%	1986