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.
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: 345 → 355 (+10)
1.96% more ownership
Funds ownership: 84.9% → 86.86% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 115
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$106M |
| 2 |
GAM
Gotham Asset Management
New York
|
+$42.9M |
| 3 |
Morgan Stanley
New York
|
+$29.9M |
| 4 |
QCM
Quantinno Capital Management
New York
|
+$12.5M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$9.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$32.6M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$29.4M |
| 3 |
BlackRock
New York
|
-$27.9M |
| 4 |
CCPM
Cooper Creek Partners Management
New York
|
-$17.1M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$14.4M |
SAM Hedge Fund Activity: Q3 2025 in Review
355 of the 7,620 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.