Boston Beer
370 hedge funds and large institutions have $7.47B invested in Boston Beer in 2020 Q3 according to their latest regulatory filings, with 89 funds opening new positions, 89 increasing their positions, 135 reducing their positions, and 41 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
117% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 41
59% more capital invested
Capital invested by funds: $4.69B → $7.47B (+$2.78B)
15% more funds holding
Funds holding: 322 → 370 (+48)
4.51% less ownership
Funds ownership: 90.46% → 85.95% (-4.5%)
14% less call options, than puts
Call options by funds: $235M | Put options by funds: $273M
34% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 135
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$188M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$164M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$101M |
| 4 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
+$96.7M |
| 5 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$71.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$236M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$147M |
| 3 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$88.7M |
| 4 |
BlackRock
New York
|
-$55.2M |
| 5 |
Millennium Management
New York
|
-$45.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JIR
401
James Investment Research
Alpha,
Ohio
| – | -$147K | -273 | Closed |
|
|
FMT
402
First Mercantile Trust
Cordova,
Tennessee
| – | -$129K | -241 | Closed |
|
|
PIMG
403
Patriot Investment Management Group
Knoxville,
Tennessee
| – | -$104K | -193 | Closed |
|
|
PAG
404
Private Advisor Group
Morristown,
New Jersey
| – | -$79K | -148 | Closed |
|
|
OPS
405
Orion Portfolio Solutions
Omaha,
Nebraska
| – | -$38K | -71 | Closed |
|
406
Walleye Trading
New York
| – | -$24K | -45 | Closed |
|
|
CCM
407
Covington Capital Management
Los Angeles,
California
| – | -$21K | -40 | Closed |
|
|
HFA
408
Hoover Financial Advisors
Malvern,
Pennsylvania
| – | -$5K | -10 | Closed |
|
|
HR
409
Howe & Rusling
Rochester,
New York
| – | -$3K | -6 | Closed |
|
|
MIM
410
Macroview Investment Management
Bethesda,
Maryland
| – | -$3K | -6 | Closed |
|
|
FANJ
411
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$1K | -2 | Closed |
|
412
Simplex Trading
Chicago,
Illinois
| – | +$779K | +986 | +789% |
|
SAM Hedge Fund Activity: Q3 2020 in Review
370 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q3 2020, worth a combined $7.47B — up 59% from $4.69B a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new SAM positions and 41 closed out — a net gain of 48 holders — while 89 added to existing stakes and 135 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $188M. The largest seller was T. Rowe Price Associates, cutting an estimated $236M.
- 370 institutional investors held Boston Beer (SAM) as of Q3 2020, up from 322 in Q2 2020.
- Funds reported $7.47B of Boston Beer stock for Q3 2020, up 59% quarter-over-quarter.
- 89 funds opened new Boston Beer positions in Q3 2020 and 41 closed out, a net change of +48 holders.
- The largest Boston Beer buyer in Q3 2020 was JP Morgan Chase, an estimated $188M added.
- The largest Boston Beer seller in Q3 2020 was T. Rowe Price Associates, an estimated $236M sold.
Based on aggregated 13F filings for Q3 2020.