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Boston Beer

219 hedge funds and large institutions have $1.99B invested in Boston Beer in 2015 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 91 increasing their positions, 68 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 68

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.29% less ownership

Funds ownership: 88.9%88.6% (-0.29%)

5% less funds holding

Funds holding: 230219 (-11)

14% less capital invested

Capital invested by funds: $2.31B → $1.99B (-$313M)

25% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 36

56% less call options, than puts

Call options by funds: $20.5M | Put options by funds: $46.3M

Holders
219
Holders Change
-11
Holders Change %
-4.78%
% of All Funds
5.9%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
27
Increased
91
Reduced
68
Closed
36
Calls
$20.5M
Puts
$46.3M
Net Calls
-$25.8M
Net Calls Change
-$13.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$249M
Vanguard Group
2
Vanguard Group
Pennsylvania
$144M +$5.75M +22,350 +4%
Neuberger Berman Group
3
Neuberger Berman Group
New York
$116M -$2.72M -10,590 -2%
BFA
4
BlackRock Fund Advisors
California
$101M +$5.24M +20,375 +5%
BAMCO Inc
5
BAMCO Inc
New York
$85.6M +$3.54M +13,755 +4%
American Century Companies
6
American Century Companies
Missouri
$84.5M +$13.2M +51,393 +16%
T. Rowe Price Associates
7
T. Rowe Price Associates
Maryland
$76.3M +$2.31M +8,973 +3%
Franklin Resources
8
Franklin Resources
California
$71.1M -$37.7M -146,581 -32%
Fisher Asset Management
9
Fisher Asset Management
Washington
$69.7M -$3.25M -12,649 -4%
TCM
10
Tybourne Capital Management
Hong Kong
$65.8M +$28.7M +111,600 +65%
State Street
11
State Street
Massachusetts
$62.6M -$2.03M -7,906 -3%
BIT
12
BlackRock Institutional Trust
California
$56.2M -$1.21M -4,698 -2%
KCM
13
Kornitzer Capital Management
Kansas
$54.8M -$8.07M -31,365 -12%
TCM
14
TimesSquare Capital Management
New York
$51M +$554K +2,155 +1%
O
15
OppenheimerFunds
New York
$37.2M -$9.9M -38,490 -19%
Northern Trust
16
Northern Trust
Illinois
$30.1M -$1.04M -4,029 -3%
Renaissance Technologies
17
Renaissance Technologies
New York
$29.1M -$5.38M -20,906 -14%
Deutsche Bank
18
Deutsche Bank
Germany
$26.4M +$6.63M +25,768 +29%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$24.4M +$1.05M +4,076 +4%
Two Sigma Investments
20
Two Sigma Investments
New York
$23.1M +$25.6M +99,494 New
RIG
21
Roosevelt Investment Group
New York
$22.7M +$5.82M +22,652 +30%
Norges Bank
22
Norges Bank
Norway
$22.1M +$4.72M +18,341 +24%
Robeco Institutional Asset Management
23
Robeco Institutional Asset Management
Netherlands
$18.6M
PNC Financial Services Group
24
PNC Financial Services Group
Pennsylvania
$16.8M +$2.09M +8,125 +13%
CCP
25
Clough Capital Partners
Massachusetts
$16.3M +$18.1M +70,324 New

SAM Hedge Fund Activity: Q2 2015 in Review

219 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q2 2015, worth a combined $1.99B — down 14% from $2.31B a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of SAM and 27 opened new positions — a net loss of 9 holders — while 68 trimmed existing stakes and 91 added.

The largest buyer was Tybourne Capital Management, adding an estimated $28.7M. The largest seller was RS Investment Management, exiting entirely with an estimated $55.8M sold.

  • 219 institutional investors held Boston Beer (SAM) as of Q2 2015, down from 230 in Q1 2015.
  • Funds reported $1.99B of Boston Beer stock for Q2 2015, down 14% quarter-over-quarter.
  • 27 funds opened new Boston Beer positions in Q2 2015 and 36 closed out, a net change of -9 holders.
  • The largest Boston Beer buyer in Q2 2015 was Tybourne Capital Management, an estimated $28.7M added.
  • The largest Boston Beer seller in Q2 2015 was RS Investment Management, an estimated $55.8M sold.

Based on aggregated 13F filings for Q2 2015.