Boston Beer
180 hedge funds and large institutions have $1.89B invested in Boston Beer in 2014 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 65 increasing their positions, 62 reducing their positions, and 23 closing their positions.
42% more call options, than puts
Call options by funds: $18.5M | Put options by funds: $13.1M
5% more capital invested
Capital invested by funds: $1.8B → $1.89B (+$94.9M)
5% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 62
0.06% more ownership
Funds ownership: 84.13% → 84.19% (+0.06%)
0% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 23
1% less funds holding
Funds holding: 181 → 180 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
+$75.9M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$34.5M |
| 3 |
Renaissance Technologies
New York
|
+$15.1M |
| 4 |
SONJCPFA
State of New Jersey Common Pension Fund A
Trenton,
New Jersey
|
+$10.4M |
| 5 |
Bank of New York Mellon
New York
|
+$8.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$24.8M |
| 2 |
Morgan Stanley
New York
|
-$24.8M |
| 3 |
Fisher Asset Management
Camas,
Washington
|
-$16.7M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$6.12M |
| 5 |
GF
Gerstein Fisher
New York
|
-$6.12M |
SAM Hedge Fund Activity: Q1 2014 in Review
180 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q1 2014, worth a combined $1.89B — up 5.3% from $1.8B a quarter earlier.
Fund positioning in SAM was balanced in Q1 2014: 23 funds opened new positions, 23 closed out, 65 added to existing stakes and 62 trimmed.
The largest buyer was Kornitzer Capital Management, adding an estimated $75.9M. The largest seller was Waddell & Reed Financial, exiting entirely with an estimated $24.8M sold.
- 180 institutional investors held Boston Beer (SAM) as of Q1 2014, down from 181 in Q4 2013.
- Funds reported $1.89B of Boston Beer stock for Q1 2014, up 5.3% quarter-over-quarter.
- 23 funds opened new Boston Beer positions in Q1 2014 and 23 closed out, a net change of 0 holders.
- The largest Boston Beer buyer in Q1 2014 was Kornitzer Capital Management, an estimated $75.9M added.
- The largest Boston Beer seller in Q1 2014 was Waddell & Reed Financial, an estimated $24.8M sold.
Based on aggregated 13F filings for Q1 2014.