Boston Beer
SAM
341 hedge funds and large institutions have $2.59B invested in Boston Beer in 2023 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 97 increasing their positions, 110 reducing their positions, and 35 closing their positions.
63% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 35
6% more funds holding
Funds holding: 322 → 341 (+19)
2.19% less ownership
Funds ownership: 76.27% → 74.08% (-2.2%)
12% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 110
15% less capital invested
Capital invested by funds: $3.04B → $2.59B (-$446M)
35% less call options, than puts
Call options by funds: $103M | Put options by funds: $158M
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Candlestick Capital Management
Greenwich,
Connecticut
|
+$43.8M |
| 2 |
Morgan Stanley
New York
|
+$24M |
| 3 |
AC
Armistice Capital
New York
|
+$21.8M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$13.4M |
| 5 |
Renaissance Technologies
New York
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$175M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$37.9M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$15.3M |
| 4 |
California State Teachers Retirement System (CalSTRS)
West Sacramento,
California
|
-$12.8M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$10.6M |
SAM Hedge Fund Activity: Q4 2023 in Review
341 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q4 2023, worth a combined $2.59B — down 15% from $3.04B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new SAM positions and 35 closed out — a net gain of 22 holders — while 97 added to existing stakes and 110 trimmed.
The largest buyer was Candlestick Capital Management, opening a new position worth an estimated $43.8M. The largest seller was Fidelity Investments, cutting an estimated $175M.
- 341 institutional investors held Boston Beer (SAM) as of Q4 2023, up from 322 in Q3 2023.
- Funds reported $2.59B of Boston Beer stock for Q4 2023, down 15% quarter-over-quarter.
- 57 funds opened new Boston Beer positions in Q4 2023 and 35 closed out, a net change of +22 holders.
- The largest Boston Beer buyer in Q4 2023 was Candlestick Capital Management, an estimated $43.8M added.
- The largest Boston Beer seller in Q4 2023 was Fidelity Investments, an estimated $175M sold.
Based on aggregated 13F filings for Q4 2023.