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Boston Beer

250 hedge funds and large institutions have $2.07B invested in Boston Beer in 2018 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 68 increasing their positions, 99 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

14% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 35

2% more funds holding

Funds holding: 246250 (+4)

0.16% more ownership

Funds ownership: 99.89%100.05% (+0.16%)

17% less capital invested

Capital invested by funds: $2.48B → $2.07B (-$409M)

21% less call options, than puts

Call options by funds: $49.7M | Put options by funds: $63M

31% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 99

Holders
250
Holders Change
+4
Holders Change %
+1.63%
% of All Funds
5.57%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
40
Increased
68
Reduced
99
Closed
35
Calls
$49.7M
Puts
$63M
Net Calls
-$13.3M
Net Calls Change
-$14.5M
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$328M -$2.75M -9,845 -0.7%
BlackRock
2
BlackRock
New York
$234M +$6.14M +21,945 +2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$226M +$8.64M +30,897 +3%
AQR Capital Management
4
AQR Capital Management
Connecticut
$75.4M +$2.52M +8,998 +3%
Fisher Asset Management
5
Fisher Asset Management
Washington
$75.2M +$666K +2,382 +0.8%
State Street
6
State Street
Massachusetts
$64M -$6.43M -23,001 -8%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$56M +$1.92M +6,864 +3%
JIM
8
Jupiter Investment Management
United Kingdom
$54M +$12.5M +44,527 +25%
Goldman Sachs
9
Goldman Sachs
New York
$53.2M -$1.12M -4,021 -2%
Invesco
10
Invesco
Georgia
$52.8M +$5.76M +20,612 +10%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$45.3M -$3.69M -13,181 -7%
Macquarie Group
12
Macquarie Group
Australia
$41.7M -$6.51M -23,268 -12%
PAM
13
Panagora Asset Management
Massachusetts
$36.5M -$3.06M -10,955 -7%
Wellington Management Group
14
Wellington Management Group
Massachusetts
$34.7M -$5.14M -18,380 -11%
Northern Trust
15
Northern Trust
Illinois
$32.8M -$748K -2,673 -2%
CIP
16
Champlain Investment Partners
Vermont
$32.2M -$2.11M -7,545 -5%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$28.9M +$1.45M +5,179 +5%
Renaissance Technologies
18
Renaissance Technologies
New York
$24.7M +$12M +42,941 +72%
Two Sigma Advisers
19
Two Sigma Advisers
New York
$22.7M -$5.15M -18,400 -16%
Norges Bank
20
Norges Bank
Norway
$22.2M
WG
21
Winton Group
United Kingdom
$19.3M +$6.11M +21,863 +38%
Deutsche Bank
22
Deutsche Bank
Germany
$17.8M -$3.44M -12,316 -14%
Fidelity Investments
23
Fidelity Investments
Massachusetts
$16.8M +$19.5M +69,820 +303,565%
JP Morgan Chase
24
JP Morgan Chase
New York
$16.4M -$4.47M -15,967 -19%
Man Group
25
Man Group
United Kingdom
$16.1M -$2.55M -9,115 -12%

SAM Hedge Fund Activity: Q4 2018 in Review

250 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q4 2018, worth a combined $2.07B — down 17% from $2.48B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new SAM positions and 35 closed out — a net gain of 5 holders — while 68 added to existing stakes and 99 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $19.5M. The largest seller was Prudential Financial, cutting an estimated $12.7M.

  • 250 institutional investors held Boston Beer (SAM) as of Q4 2018, up from 246 in Q3 2018.
  • Funds reported $2.07B of Boston Beer stock for Q4 2018, down 17% quarter-over-quarter.
  • 40 funds opened new Boston Beer positions in Q4 2018 and 35 closed out, a net change of +5 holders.
  • The largest Boston Beer buyer in Q4 2018 was Fidelity Investments, an estimated $19.5M added.
  • The largest Boston Beer seller in Q4 2018 was Prudential Financial, an estimated $12.7M sold.

Based on aggregated 13F filings for Q4 2018.