Boston Beer
199 hedge funds and large institutions have $1.4B invested in Boston Beer in 2016 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 82 increasing their positions, 56 reducing their positions, and 28 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 56
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 206 → 199 (-7)
3.92% less ownership
Funds ownership: 91.58% → 87.66% (-3.9%)
12% less capital invested
Capital invested by funds: $1.59B → $1.4B (-$191M)
14% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 28
28% less call options, than puts
Call options by funds: $17.4M | Put options by funds: $24.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Manikay Partners
New York
|
+$34M |
| 2 |
TCM
Tybourne Capital Management
Hong Kong
|
+$24.7M |
| 3 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$11.1M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$10.7M |
| 5 |
Goldman Sachs
New York
|
+$8.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$107M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$27.9M |
| 3 |
GAM
Gotham Asset Management
New York
|
-$19.1M |
| 4 |
KA
Kerrisdale Advisers
Miami,
Florida
|
-$12.1M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$9.74M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
Bessemer Group
Woodbridge,
New Jersey
| – | -$7K | -40 | Closed |
|
|
IIM
227
Ipswich Investment Management
Beverly,
Massachusetts
| – | -$5K | -33 | Closed |
|
SAM Hedge Fund Activity: Q2 2016 in Review
199 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q2 2016, worth a combined $1.4B — down 12% from $1.59B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of SAM and 24 opened new positions — a net loss of 4 holders — while 56 trimmed existing stakes and 82 added.
The largest buyer was Manikay Partners, opening a new position worth an estimated $34M. The largest seller was Fidelity Investments, cutting an estimated $107M.
- 199 institutional investors held Boston Beer (SAM) as of Q2 2016, down from 206 in Q1 2016.
- Funds reported $1.4B of Boston Beer stock for Q2 2016, down 12% quarter-over-quarter.
- 24 funds opened new Boston Beer positions in Q2 2016 and 28 closed out, a net change of -4 holders.
- The largest Boston Beer buyer in Q2 2016 was Manikay Partners, an estimated $34M added.
- The largest Boston Beer seller in Q2 2016 was Fidelity Investments, an estimated $107M sold.
Based on aggregated 13F filings for Q2 2016.