Boston Beer
220 hedge funds and large institutions have $1.15B invested in Boston Beer in 2017 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 82 increasing their positions, 68 reducing their positions, and 33 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
21% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 68
2.93% less ownership
Funds ownership: 96.79% → 93.86% (-2.9%)
5% less funds holding
Funds holding: 232 → 220 (-12)
12% less capital invested
Capital invested by funds: $1.31B → $1.15B (-$159M)
30% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 33
54% less call options, than puts
Call options by funds: $31.2M | Put options by funds: $67.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$15.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$11.2M |
| 3 |
RP
Regal Partners
Sydney, NSW,
Australia
|
+$8.93M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.82M |
| 5 |
AVC
Arlington Value Capital
Salt Lake City,
Utah
|
+$6.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$23.6M |
| 2 |
BlackRock
New York
|
-$16.7M |
| 3 |
Millennium Management
New York
|
-$16.4M |
| 4 |
DC
Davenport & Co
Richmond,
Virginia
|
-$9.54M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$9.37M |
SAM Hedge Fund Activity: Q2 2017 in Review
220 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q2 2017, worth a combined $1.15B — down 12% from $1.31B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of SAM and 23 opened new positions — a net loss of 10 holders — while 68 trimmed existing stakes and 82 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $15.5M. The largest seller was Contrarius Investment Management, cutting an estimated $23.6M.
- 220 institutional investors held Boston Beer (SAM) as of Q2 2017, down from 232 in Q1 2017.
- Funds reported $1.15B of Boston Beer stock for Q2 2017, down 12% quarter-over-quarter.
- 23 funds opened new Boston Beer positions in Q2 2017 and 33 closed out, a net change of -10 holders.
- The largest Boston Beer buyer in Q2 2017 was T. Rowe Price Associates, an estimated $15.5M added.
- The largest Boston Beer seller in Q2 2017 was Contrarius Investment Management, an estimated $23.6M sold.
Based on aggregated 13F filings for Q2 2017.