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Boston Beer

345 hedge funds and large institutions have $1.48B invested in Boston Beer in 2025 Q2 according to their latest regulatory filings, with 67 funds opening new positions, 119 increasing their positions, 100 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more call options, than puts

Call options by funds: $59.5M | Put options by funds: $35.1M

56% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 43

19% more repeat investments, than reductions

Existing positions increased: 119 | Existing positions reduced: 100

6% more funds holding

Funds holding: 326345 (+19)

2.46% more ownership

Funds ownership: 82.44%84.9% (+2.5%)

15% less capital invested

Capital invested by funds: $1.75B → $1.48B (-$268M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
345
Holders Change
+19
Holders Change %
+5.83%
% of All Funds
4.54%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
67
Increased
119
Reduced
100
Closed
43
Calls
$59.5M
Puts
$35.1M
Net Calls
+$24.4M
Net Calls Change
+$8.93M
Name Holding Trade Value Shares
Change
Change in
Stake
DFCM
51
Dark Forest Capital Management
Puerto Rico
$5.09M +$1.87M +8,120 +44%
GS
52
Gagnon Securities
New York
$4.78M +$123K +535 +2%
Franklin Resources
53
Franklin Resources
California
$4.6M +$1.37M +5,943 +33%
RhumbLine Advisers
54
RhumbLine Advisers
Massachusetts
$4.47M -$391K -1,699 -7%
JP Morgan Chase
55
JP Morgan Chase
New York
$4.25M -$96K -417 -2%
Susquehanna International Group
56
Susquehanna International Group
Pennsylvania
$4.14M +$237K +1,030 +5%
Holocene Advisors
57
Holocene Advisors
New York
$4.07M -$2.73M -11,864 -36%
PHK
58
Point72 Hong Kong
Hong Kong
$4.05M +$4.71M +20,476 +2,828%
Assenagon Asset Management
59
Assenagon Asset Management
Luxembourg
$3.76M -$2.3M -10,008 -34%
GF
60
Gabelli Funds
New York
$3.61M +$184K +800 +4%
RAM
61
RK Asset Management
Michigan
$3.57M +$5.06K +22 +0.1%
Principal Financial Group
62
Principal Financial Group
Iowa
$3.57M -$279K -1,212 -6%
Voloridge Investment Management
63
Voloridge Investment Management
Florida
$3.45M +$561K +2,436 +16%
MF
64
Magnetar Financial
Illinois
$3.44M +$3.92M +17,014 +1,705%
N
65
Nuveen
North Carolina
$3.37M -$67.7M -293,930 -94%
RIM
66
Redwood Investment Management
Arizona
$3.32M +$467K +2,028 +13%
GI
67
GAMCO Investors
Connecticut
$3.28M +$204K +886 +5%
Swiss National Bank
68
Swiss National Bank
Switzerland
$3.17M -$161K -700 -4%
Citigroup
69
Citigroup
New York
$3.15M +$305K +1,327 +9%
First Trust Advisors
70
First Trust Advisors
Illinois
$2.99M +$1.06M +4,591 +41%
Connor, Clark & Lunn Investment Management (CC&L)
71
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$2.88M +$2.71M +11,755 +354%
Legal & General Group
72
Legal & General Group
United Kingdom
$2.79M +$64.7K +281 +2%
AG
73
Algert Global
California
$2.72M +$250K +1,084 +8%
HSBC Holdings
74
HSBC Holdings
United Kingdom
$2.55M +$362K +1,574 +13%
SSA
75
Schonfeld Strategic Advisors
New York
$2.55M +$3.08M +13,368 New

SAM Hedge Fund Activity: Q2 2025 in Review

345 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q2 2025, worth a combined $1.48B — down 15% from $1.75B a quarter earlier.

Buyers outnumbered sellers: 67 funds opened new SAM positions and 43 closed out — a net gain of 24 holders — while 119 added to existing stakes and 100 trimmed.

The largest buyer was Toronto Dominion Bank, opening a new position worth an estimated $35.4M. The largest seller was Nuveen, cutting an estimated $67.7M.

  • 345 institutional investors held Boston Beer (SAM) as of Q2 2025, up from 326 in Q1 2025.
  • Funds reported $1.48B of Boston Beer stock for Q2 2025, down 15% quarter-over-quarter.
  • 67 funds opened new Boston Beer positions in Q2 2025 and 43 closed out, a net change of +24 holders.
  • The largest Boston Beer buyer in Q2 2025 was Toronto Dominion Bank, an estimated $35.4M added.
  • The largest Boston Beer seller in Q2 2025 was Nuveen, an estimated $67.7M sold.

Based on aggregated 13F filings for Q2 2025.