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Boston Beer

270 hedge funds and large institutions have $3.32B invested in Boston Beer in 2019 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 75 increasing their positions, 98 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

29% more capital invested

Capital invested by funds: $2.57B → $3.32B (+$749M)

28% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 36

2% more funds holding

Funds holding: 266270 (+4)

0.26% more ownership

Funds ownership: 100.29%100.55% (+0.26%)

13% less call options, than puts

Call options by funds: $72.3M | Put options by funds: $83.1M

23% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 98

Holders
270
Holders Change
+4
Holders Change %
+1.5%
% of All Funds
5.86%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
46
Increased
75
Reduced
98
Closed
36
Calls
$72.3M
Puts
$83.1M
Net Calls
-$10.8M
Net Calls Change
+$14.2M
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$499M +$12.7M +40,011 +3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$396M +$17M +53,723 +5%
BlackRock
3
BlackRock
New York
$380M +$4.68M +14,768 +1%
AQR Capital Management
4
AQR Capital Management
Connecticut
$143M +$1.28M +4,039 +1%
Renaissance Technologies
5
Renaissance Technologies
New York
$122M +$35.7M +112,700 +53%
State Street
6
State Street
Massachusetts
$106M +$2.16M +6,823 +2%
Fisher Asset Management
7
Fisher Asset Management
Washington
$100M -$254K -802 -0.3%
Invesco
8
Invesco
Georgia
$93.9M +$11.5M +36,439 +17%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$88M -$61.1K -193 -0.1%
Macquarie Group
10
Macquarie Group
Australia
$78.8M -$6.63M -20,949 -9%
Goldman Sachs
11
Goldman Sachs
New York
$72.7M -$2.65M -8,356 -4%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$60.7M -$13.2M -41,791 -21%
CIP
13
Champlain Investment Partners
Vermont
$53.9M +$1.32M +4,160 +3%
Northern Trust
14
Northern Trust
Illinois
$52.6M +$243K +766 +0.6%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$51.9M +$3.3M +10,427 +8%
N
16
Nuveen
North Carolina
$40.8M +$34.2M +107,977 New
Norges Bank
17
Norges Bank
Norway
$40M +$2.76M +8,705 +9%
Millennium Management
18
Millennium Management
New York
$39.8M +$23.3M +73,563 +231%
Wellington Management Group
19
Wellington Management Group
Massachusetts
$39.5M -$11.6M -36,683 -26%
Citadel Advisors
20
Citadel Advisors
Florida
$38.4M +$29.7M +93,897 +1,193%
Fidelity Investments
21
Fidelity Investments
Massachusetts
$35.7M +$1.39M +4,397 +5%
Deutsche Bank
22
Deutsche Bank
Germany
$33.9M -$12.8M -40,471 -31%
JIM
23
Jupiter Investment Management
United Kingdom
$33M -$35.1M -110,688 -56%
PAM
24
Panagora Asset Management
Massachusetts
$32.5M -$17.5M -55,359 -39%
Man Group
25
Man Group
United Kingdom
$30.5M -$5.45M -17,209 -18%

SAM Hedge Fund Activity: Q2 2019 in Review

270 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q2 2019, worth a combined $3.32B — up 29% from $2.57B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new SAM positions and 36 closed out — a net gain of 10 holders — while 75 added to existing stakes and 98 trimmed.

The largest buyer was Renaissance Technologies, adding an estimated $35.7M. The largest seller was Jupiter Investment Management, cutting an estimated $35.1M.

  • 270 institutional investors held Boston Beer (SAM) as of Q2 2019, up from 266 in Q1 2019.
  • Funds reported $3.32B of Boston Beer stock for Q2 2019, up 29% quarter-over-quarter.
  • 46 funds opened new Boston Beer positions in Q2 2019 and 36 closed out, a net change of +10 holders.
  • The largest Boston Beer buyer in Q2 2019 was Renaissance Technologies, an estimated $35.7M added.
  • The largest Boston Beer seller in Q2 2019 was Jupiter Investment Management, an estimated $35.1M sold.

Based on aggregated 13F filings for Q2 2019.