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Boston Beer

266 hedge funds and large institutions have $2.57B invested in Boston Beer in 2019 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 76 increasing their positions, 92 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 30

24% more capital invested

Capital invested by funds: $2.07B → $2.57B (+$501M)

6% more funds holding

Funds holding: 250266 (+16)

0.24% more ownership

Funds ownership: 100.05%100.29% (+0.24%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

17% less repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 92

37% less call options, than puts

Call options by funds: $42.6M | Put options by funds: $67.7M

Holders
266
Holders Change
+16
Holders Change %
+6.4%
% of All Funds
5.76%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
48
Increased
76
Reduced
92
Closed
30
Calls
$42.6M
Puts
$67.7M
Net Calls
-$25.1M
Net Calls Change
-$11.7M
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$378M -$21.6M -78,791 -6%
Vanguard Group
2
Vanguard Group
Pennsylvania
$293M +$15.5M +56,751 +6%
BlackRock
3
BlackRock
New York
$292M +$5M +18,282 +2%
AQR Capital Management
4
AQR Capital Management
Connecticut
$111M +$18.7M +68,460 +22%
State Street
5
State Street
Massachusetts
$80.7M +$2.26M +8,276 +3%
Fisher Asset Management
6
Fisher Asset Management
Washington
$78.3M -$12.8M -46,635 -15%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$68.7M +$149K +543 +0.2%
Macquarie Group
8
Macquarie Group
Australia
$67.7M +$15.4M +56,353 +33%
Invesco
9
Invesco
Georgia
$62.5M -$1.95M -7,120 -3%
Renaissance Technologies
10
Renaissance Technologies
New York
$62.1M +$29.6M +108,200 +105%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$59.7M +$3.93M +14,378 +8%
Goldman Sachs
12
Goldman Sachs
New York
$59.2M -$5.54M -20,251 -9%
JIM
13
Jupiter Investment Management
United Kingdom
$58.4M -$7.08M -25,897 -12%
PAM
14
Panagora Asset Management
Massachusetts
$41.7M -$2.77M -10,130 -7%
Wellington Management Group
15
Wellington Management Group
Massachusetts
$41.6M -$756K -2,762 -2%
Northern Trust
16
Northern Trust
Illinois
$40.9M +$682K +2,492 +2%
CIP
17
Champlain Investment Partners
Vermont
$40.8M +$1.27M +4,660 +3%
Deutsche Bank
18
Deutsche Bank
Germany
$38.4M +$15.3M +56,064 +76%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$37.4M +$1.9M +6,962 +6%
WG
20
Winton Group
United Kingdom
$34.5M +$10.1M +36,923 +46%
Man Group
21
Man Group
United Kingdom
$28.9M +$8.52M +31,165 +47%
Norges Bank
22
Norges Bank
Norway
$28.6M +$1.38M +5,043 +5%
Fidelity Investments
23
Fidelity Investments
Massachusetts
$26.6M +$5.54M +20,259 +29%
Two Sigma Advisers
24
Two Sigma Advisers
New York
$24.6M -$2.93M -10,700 -11%
TA
25
Teachers Advisors
New York
$23.9M +$15.8M +57,852 +250%

SAM Hedge Fund Activity: Q1 2019 in Review

266 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q1 2019, worth a combined $2.57B — up 24% from $2.07B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new SAM positions and 30 closed out — a net gain of 18 holders — while 76 added to existing stakes and 92 trimmed.

The largest buyer was Renaissance Technologies, adding an estimated $29.6M. The largest seller was T. Rowe Price Associates, cutting an estimated $21.6M.

  • 266 institutional investors held Boston Beer (SAM) as of Q1 2019, up from 250 in Q4 2018.
  • Funds reported $2.57B of Boston Beer stock for Q1 2019, up 24% quarter-over-quarter.
  • 48 funds opened new Boston Beer positions in Q1 2019 and 30 closed out, a net change of +18 holders.
  • The largest Boston Beer buyer in Q1 2019 was Renaissance Technologies, an estimated $29.6M added.
  • The largest Boston Beer seller in Q1 2019 was T. Rowe Price Associates, an estimated $21.6M sold.

Based on aggregated 13F filings for Q1 2019.