Fisher Asset Management’s Boston Beer SAM Stock Holding History

Fisher Asset Management’s Portfolio SAM Stock Details SAM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-231,467	Closed	-$48.9M	–	1089
2025 Q3	$48.9M	Sell	231,467 -615	-0.3%	-$131K	0.02%	234
2025 Q2	$44.3M	Buy	232,082 +3	+0%	+$691	0.02%	228
2025 Q1	$55.4M	Buy	232,079 +71,660	+45%	+$17.5M	0.02%	200
2024 Q4	$48.1M	Buy	160,419 +34,176	+27%	+$10.3M	0.02%	227
2024 Q3	$36.5M	Sell	126,243 -1,026	-0.8%	-$286K	0.02%	263
2024 Q2	$38.8M	Buy	127,269 +19,496	+18%	+$5.58M	0.02%	250
2024 Q1	$32.8M	Sell	107,773 -733	-0.7%	-$244K	0.02%	268
2023 Q4	$37.5M	Sell	108,506 -14,659	-12%	-$5.14M	0.02%	245
2023 Q3	$48M	Sell	123,165 -5,982	-5%	-$2.1M	0.03%	249
2023 Q2	$39.8M	Buy	129,147 +939	+0.7%	+$302K	0.02%	277
2023 Q1	$42.1M	Sell	128,208 -10,805	-8%	-$3.72M	0.03%	269
2022 Q4	$45.8M	Sell	139,013 -2,343	-2%	-$850K	0.03%	249
2022 Q3	$45.8M	Buy	141,356 +1,516	+1%	+$524K	0.03%	246
2022 Q2	$42.4M	Buy	139,840 +7,194	+5%	+$2.5M	0.03%	243
2022 Q1	$51.5M	Buy	132,646 +15,359	+13%	+$6.4M	0.03%	237
2021 Q4	$59.2M	Buy	117,287 +18,407	+19%	+$9.19M	0.03%	228
2021 Q3	$50.4M	Sell	98,880 -3,178	-3%	-$2.16M	0.03%	230
2021 Q2	$104M	Sell	102,058 -12,924	-11%	-$14.5M	0.07%	167
2021 Q1	$139M	Sell	114,982 -6,120	-5%	-$6.42M	0.1%	134
2020 Q4	$120M	Sell	121,102 -2,241	-2%	-$2.15M	0.09%	144
2020 Q3	$109M	Sell	123,343 -24,841	-17%	-$19.6M	0.1%	136
2020 Q2	$79.5M	Sell	148,184 -61,136	-29%	-$29.6M	0.08%	155
2020 Q1	$76.9M	Sell	209,320 -25,699	-11%	-$9.53M	0.1%	136
2019 Q4	$88.8M	Sell	235,019 -23,614	-9%	-$8.89M	0.09%	138
2019 Q3	$94.2M	Sell	258,633 -6,168	-2%	-$2.42M	0.1%	136
2019 Q2	$100M	Sell	264,801 -802	-0.3%	-$254K	0.11%	124
2019 Q1	$78.3M	Sell	265,603 -46,635	-15%	-$12.8M	0.09%	143
2018 Q4	$75.2M	Buy	312,238 +2,382	+0.8%	+$666K	0.1%	138
2018 Q3	$89.1M	Sell	309,856 -2,433	-0.8%	-$731K	0.11%	137
2018 Q2	$93.6M	Sell	312,289 -1,708	-0.5%	-$416K	0.12%	127
2018 Q1	$59.4M	Sell	313,997 -17,661	-5%	-$3.25M	0.08%	178
2017 Q4	$63.4M	Sell	331,658 -2,324	-0.7%	-$415K	0.08%	175
2017 Q3	$52.2M	Buy	333,982 +16,431	+5%	+$2.4M	0.07%	186
2017 Q2	$42M	Sell	317,551 -14,920	-4%	-$2.09M	0.06%	204
2017 Q1	$48.1M	Sell	332,471 -5,811	-2%	-$909K	0.08%	180
2016 Q4	$57.5M	Sell	338,282 -10,233	-3%	-$1.69M	0.1%	150
2016 Q3	$54.1M	Buy	348,515 +2,842	+0.8%	+$496K	0.1%	154
2016 Q2	$59M	Buy	345,673 +950	+0.3%	+$154K	0.11%	136
2016 Q1	$62M	Buy	344,723 +57,532	+20%	+$10.5M	0.12%	121
2015 Q4	$58M	Sell	287,191 -826	-0.3%	-$181K	0.11%	125
2015 Q3	$60.7M	Sell	288,017 -12,490	-4%	-$2.76M	0.13%	119
2015 Q2	$69.7M	Sell	300,507 -12,649	-4%	-$3.25M	0.14%	121
2015 Q1	$83.7M	Sell	313,156 -4,456	-1%	-$1.29M	0.17%	101
2014 Q4	$92M	Sell	317,612 -3,915	-1%	-$992K	0.19%	88
2014 Q3	$71.3M	Sell	321,527 -4,345	-1%	-$972K	0.15%	96
2014 Q2	$72.8M	Sell	325,872 -5,657	-2%	-$1.29M	0.15%	107
2014 Q1	$81.1M	Sell	331,529 -73,340	-18%	-$16.7M	0.18%	89
2013 Q4	$97.9M	Sell	404,869 -14,775	-4%	-$3.55M	0.22%	73
2013 Q3	$102M	Sell	419,644 -1,675	-0.4%	-$346K	0.25%	68
2013 Q2	$71.9M	Buy	+421,319	New	+$66.8M	0.19%	86

Other funds holding SAM

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

GAM

Gotham Asset Management New York $32.7B AUM 27.65% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

Fisher Asset Management's SAM Position: Q4 2025 in Review

Fisher Asset Management sold out of Boston Beer (SAM) in Q4 2025, closing a stake of 231,467 shares — an estimated $48.9M sold.

Fisher Asset Management first reported a position in SAM in Q2 2013 and held it in 50 quarters. The position peaked at $139M in Q1 2021. 345 funds tracked by Wall St. Rank hold SAM as of Q4 2025.

Fisher Asset Management reported no remaining Boston Beer position as of Q4 2025 after selling out during the quarter.
Fisher Asset Management sold 231,467 Boston Beer shares in Q4 2025, an estimated $48.9M.
Fisher Asset Management first reported a position in Boston Beer in Q2 2013 and held it in 50 quarters.
Fisher Asset Management's Boston Beer position peaked at $139M in Q1 2021.
345 funds tracked by Wall St. Rank held Boston Beer as of Q4 2025.

Based on Fisher Asset Management's 13F filing for Q4 2025, filed 9 Feb 2026.