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Boston Beer

238 hedge funds and large institutions have $1.4B invested in Boston Beer in 2017 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 69 increasing their positions, 84 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 22

22% more capital invested

Capital invested by funds: $1.15B → $1.4B (+$249M)

9% more funds holding

Funds holding: 219238 (+19)

6.23% more ownership

Funds ownership: 93.86%100.1% (+6.2%)

8% less call options, than puts

Call options by funds: $29.3M | Put options by funds: $32M

18% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 84

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

Holders
238
Holders Change
+19
Holders Change %
+8.68%
% of All Funds
5.93%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
41
Increased
69
Reduced
84
Closed
22
Calls
$29.3M
Puts
$32M
Net Calls
-$2.69M
Net Calls Change
+$33.7M
Name Holding Trade Value Shares
Change
Change in
Stake
HK
151
Horizon Kinetics
New York
$403K -$59.2K -405 -14%
Bank of Montreal
152
Bank of Montreal
Ontario, Canada
$402K +$357K +2,445 +1,881%
HEIP
153
Hudson Edge Investment Partners
New Jersey
$398K -$74.5K -510 -17%
Wolverine Trading
154
Wolverine Trading
Illinois
$392K -$701K -4,799 -66%
LMGAM
155
Liberty Mutual Group Asset Management
Massachusetts
$378K -$236K -1,613 -40%
LSERS
156
Louisiana State Employees Retirement System
Louisiana
$375K
Schroder Investment Management Group
157
Schroder Investment Management Group
United Kingdom
$366K
Zurich Cantonal Bank
158
Zurich Cantonal Bank
Switzerland
$361K
BA
159
Bard Associates
Illinois
$351K
BA
160
Boston Advisors
Massachusetts
$335K +$313K +2,145 New
TRSOTSOK
161
Teachers Retirement System of the State of Kentucky
Kentucky
$328K
FA
162
FDx Advisors
Illinois
$325K -$34.6K -237 -10%
CIM
163
CIM Investment Management
Pennsylvania
$323K
RJA
164
Raymond James & Associates
Florida
$321K -$25.6K -175 -8%
CSS
165
Cubist Systematic Strategies
Connecticut
$314K +$63.5K +435 +28%
4IG
166
440 Investment Group
Kansas
$312K
Thrivent Financial for Lutherans
167
Thrivent Financial for Lutherans
Minnesota
$298K +$7.3K +50 +3%
DTL
168
Dynamic Technology Lab
Singapore
$298K +$279K +1,912 New
GT
169
Glenmede Trust
Pennsylvania
$293K +$274K +1,878 New
WCM
170
Wedge Capital Management
North Carolina
$290K -$30.5K -209 -10%
Public Employees Retirement Association of Colorado
171
Public Employees Retirement Association of Colorado
Colorado
$285K
TCOV
172
Trust Company of Vermont
Vermont
$281K
FIM
173
Freedom Investment Management
Connecticut
$269K +$6.43K +44 +3%
VI
174
Versor Investments
New York
$268K +$251K +1,717 New
JIM
175
Jensen Investment Management
Oregon
$267K -$248K -1,700 -50%

SAM Hedge Fund Activity: Q3 2017 in Review

238 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q3 2017, worth a combined $1.4B — up 22% from $1.15B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new SAM positions and 22 closed out — a net gain of 19 holders — while 69 added to existing stakes and 84 trimmed.

The largest buyer was Two Sigma Investments, opening a new position worth an estimated $23.1M. The largest seller was Norges Bank, cutting an estimated $32.1M.

  • 238 institutional investors held Boston Beer (SAM) as of Q3 2017, up from 219 in Q2 2017.
  • Funds reported $1.4B of Boston Beer stock for Q3 2017, up 22% quarter-over-quarter.
  • 41 funds opened new Boston Beer positions in Q3 2017 and 22 closed out, a net change of +19 holders.
  • The largest Boston Beer buyer in Q3 2017 was Two Sigma Investments, an estimated $23.1M added.
  • The largest Boston Beer seller in Q3 2017 was Norges Bank, an estimated $32.1M sold.

Based on aggregated 13F filings for Q3 2017.