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Boston Beer

263 hedge funds and large institutions have $1.65B invested in Boston Beer in 2017 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 68 increasing their positions, 103 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 27

18% more capital invested

Capital invested by funds: $1.4B → $1.65B (+$255M)

17% more call options, than puts

Call options by funds: $25.3M | Put options by funds: $21.7M

11% more funds holding

Funds holding: 238263 (+25)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

0.37% less ownership

Funds ownership: 100.1%99.73% (-0.37%)

34% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 103

Holders
263
Holders Change
+25
Holders Change %
+10.5%
% of All Funds
5.97%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.05%
New
53
Increased
68
Reduced
103
Closed
27
Calls
$25.3M
Puts
$21.7M
Net Calls
+$3.69M
Net Calls Change
+$6.39M
Name Holding Trade Value Shares
Change
Change in
Stake
Hudson Bay Capital Management
101
Hudson Bay Capital Management
Connecticut
$1.61M +$1.51M +8,437 New
TD Asset Management
102
TD Asset Management
Ontario, Canada
$1.6M +$179K +1,000 +14%
APG Asset Management
103
APG Asset Management
Netherlands
$1.54M +$1.73M +9,700 New
Legal & General Group
104
Legal & General Group
United Kingdom
$1.42M -$70.7K -396 -5%
Bessemer Group
105
Bessemer Group
New Jersey
$1.4M -$464K -2,600 -26%
USGIU
106
U.S. Global Investors (USGI)
Texas
$1.35M +$1.26M +7,067 New
MOACM
107
Mutual of America Capital Management
New York
$1.32M -$12.5K -70 -1%
CIP
108
Convergence Investment Partners
Florida
$1.28M -$569K -3,186 -32%
PNC Financial Services Group
109
PNC Financial Services Group
Pennsylvania
$1.24M +$940K +5,261 +437%
ASRS
110
Arizona State Retirement System
Arizona
$1.19M +$203K +1,136 +22%
TPSF
111
Texas Permanent School Fund
Texas
$1.12M -$117K -654 -10%
Federated Hermes
112
Federated Hermes
Pennsylvania
$1.08M -$215K -1,203 -18%
ANTB
113
AMG National Trust Bank
Colorado
$1.06M +$3.04K +17 +0.3%
Canada Life
114
Canada Life
Manitoba, Canada
$1.06M +$32.3K +181 +3%
Fifth Third Bancorp
115
Fifth Third Bancorp
Ohio
$1.04M
FA
116
FDx Advisors
Illinois
$1.01M +$576K +3,222 +155%
Comerica Bank
117
Comerica Bank
Texas
$998K -$28.6K -160 -3%
MAM
118
Meeder Asset Management
Ohio
$956K -$21.6K -121 -2%
MLICM
119
Metropolitan Life Insurance Company (MetLife)
New York
$934K -$1.53M -8,563 -64%
EVM
120
Eaton Vance Management
Massachusetts
$923K +$286K +1,600 +50%
BA
121
Boston Advisors
Massachusetts
$905K +$463K +2,590 +121%
BNP Paribas Financial Markets
122
BNP Paribas Financial Markets
France
$899K -$41.4K -232 -5%
DCM
123
Driehaus Capital Management
Illinois
$870K +$814K +4,555 New
State Board of Administration of Florida Retirement System
124
State Board of Administration of Florida Retirement System
Florida
$867K +$114K +640 +16%
VI
125
Versor Investments
New York
$817K +$457K +2,560 +149%

SAM Hedge Fund Activity: Q4 2017 in Review

263 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q4 2017, worth a combined $1.65B — up 18% from $1.4B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new SAM positions and 27 closed out — a net gain of 26 holders — while 68 added to existing stakes and 103 trimmed.

The largest buyer was Victory Capital Management, adding an estimated $13.7M. The largest seller was Manikay Partners, exiting entirely with an estimated $32.8M sold.

  • 263 institutional investors held Boston Beer (SAM) as of Q4 2017, up from 238 in Q3 2017.
  • Funds reported $1.65B of Boston Beer stock for Q4 2017, up 18% quarter-over-quarter.
  • 53 funds opened new Boston Beer positions in Q4 2017 and 27 closed out, a net change of +26 holders.
  • The largest Boston Beer buyer in Q4 2017 was Victory Capital Management, an estimated $13.7M added.
  • The largest Boston Beer seller in Q4 2017 was Manikay Partners, an estimated $32.8M sold.

Based on aggregated 13F filings for Q4 2017.