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Boston Beer

355 hedge funds and large institutions have $1.67B invested in Boston Beer in 2025 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 113 increasing their positions, 115 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more call options, than puts

Call options by funds: $33.3M | Put options by funds: $25.7M

21% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 57

13% more capital invested

Capital invested by funds: $1.48B → $1.67B (+$189M)

3% more funds holding

Funds holding: 345355 (+10)

1.96% more ownership

Funds ownership: 84.9%86.86% (+2%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

2% less repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 115

Holders
355
Holders Change
+10
Holders Change %
+2.9%
% of All Funds
4.66%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
69
Increased
113
Reduced
115
Closed
57
Calls
$33.3M
Puts
$25.7M
Net Calls
+$7.64M
Net Calls Change
-$16.8M
Name Holding Trade Value Shares
Change
Change in
Stake
GS
51
Gagnon Securities
New York
$4.55M -$754K -3,543 -14%
Prudential Financial
52
Prudential Financial
New Jersey
$4.37M -$8.95M -42,070 -67%
RAM
53
RK Asset Management
Michigan
$4.02M +$62.8K +295 +2%
Carson Wealth (CWM LLC)
54
Carson Wealth (CWM LLC)
Nebraska
$3.85M +$3.63M +17,055 +1,468%
AllianceBernstein
55
AllianceBernstein
Tennessee
$3.84M +$1.87M +8,767 +93%
UBS AM
56
UBS AM
Illinois
$3.8M -$2.68M -12,601 -41%
Marshall Wace
57
Marshall Wace
United Kingdom
$3.73M -$3.23M -15,176 -46%
Principal Financial Group
58
Principal Financial Group
Iowa
$3.72M -$238K -1,117 -6%
N
59
Nuveen
North Carolina
$3.69M -$50.2K -236 -1%
Barclays
60
Barclays
United Kingdom
$3.61M -$7.47M -35,118 -67%
Swiss National Bank
61
Swiss National Bank
Switzerland
$3.53M +$21.3K +100 +0.6%
Cerity Partners
62
Cerity Partners
New York
$3.52M +$3.54M +16,630 New
Connor, Clark & Lunn Investment Management (CC&L)
63
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$3.39M +$198K +933 +6%
DFCM
64
Dark Forest Capital Management
Puerto Rico
$3.28M -$2.38M -11,199 -42%
Creative Planning
65
Creative Planning
Kansas
$3.14M +$2.51M +11,809 +390%
RIM
66
Redwood Investment Management
Arizona
$3.1M -$583K -2,738 -16%
AI
67
Atom Investors
Texas
$3M +$876K +4,116 +41%
MC
68
Maverick Capital
Texas
$2.97M +$2.99M +14,039 New
Legal & General Group
69
Legal & General Group
United Kingdom
$2.86M -$239K -1,122 -8%
Two Sigma Investments
70
Two Sigma Investments
New York
$2.66M +$2.68M +12,594 New
Russell Investments Group
71
Russell Investments Group
United Kingdom
$2.61M +$708K +3,329 +38%
New York State Teachers Retirement System (NYSTRS)
72
New York State Teachers Retirement System (NYSTRS)
New York
$2.6M +$123K +577 +5%
Wealth Enhancement Advisory Services
73
Wealth Enhancement Advisory Services
Minnesota
$2.44M +$1.92M +9,014 +446%
BA
74
Bridgewater Associates
Connecticut
$2.29M +$2.3M +10,825 New
CCMINC
75
Cardinal Capital Management Inc (North Carolina)
North Carolina
$2.27M +$259K +1,216 +13%

SAM Hedge Fund Activity: Q3 2025 in Review

355 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q3 2025, worth a combined $1.67B — up 13% from $1.48B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new SAM positions and 57 closed out — a net gain of 12 holders — while 113 added to existing stakes and 115 trimmed.

The largest buyer was AQR Capital Management, adding an estimated $106M. The largest seller was Millennium Management, cutting an estimated $32.6M.

  • 355 institutional investors held Boston Beer (SAM) as of Q3 2025, up from 345 in Q2 2025.
  • Funds reported $1.67B of Boston Beer stock for Q3 2025, up 13% quarter-over-quarter.
  • 69 funds opened new Boston Beer positions in Q3 2025 and 57 closed out, a net change of +12 holders.
  • The largest Boston Beer buyer in Q3 2025 was AQR Capital Management, an estimated $106M added.
  • The largest Boston Beer seller in Q3 2025 was Millennium Management, an estimated $32.6M sold.

Based on aggregated 13F filings for Q3 2025.