Boston Beer
300 hedge funds and large institutions have $3.25B invested in Boston Beer in 2019 Q3 according to their latest regulatory filings, with 53 funds opening new positions, 92 increasing their positions, 91 reducing their positions, and 21 closing their positions.
152% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 21
11% more funds holding
Funds holding: 270 → 300 (+30)
1% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 91
2% less capital invested
Capital invested by funds: $3.32B → $3.25B (-$69.5M)
3.34% less ownership
Funds ownership: 100.55% → 97.21% (-3.3%)
33% less call options, than puts
Call options by funds: $118M | Put options by funds: $176M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$61.7M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$57.6M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$36.6M |
| 4 |
Renaissance Technologies
New York
|
+$36M |
| 5 |
JP Morgan Chase
New York
|
+$29.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$35.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$34.3M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$33.3M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$29.4M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$25.7M |
SAM Hedge Fund Activity: Q3 2019 in Review
300 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q3 2019, worth a combined $3.25B — down 2.1% from $3.32B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new SAM positions and 21 closed out — a net gain of 32 holders — while 92 added to existing stakes and 91 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $61.7M. The largest seller was Macquarie Group, cutting an estimated $35.8M.
- 300 institutional investors held Boston Beer (SAM) as of Q3 2019, up from 270 in Q2 2019.
- Funds reported $3.25B of Boston Beer stock for Q3 2019, down 2.1% quarter-over-quarter.
- 53 funds opened new Boston Beer positions in Q3 2019 and 21 closed out, a net change of +32 holders.
- The largest Boston Beer buyer in Q3 2019 was Citadel Advisors, an estimated $61.7M added.
- The largest Boston Beer seller in Q3 2019 was Macquarie Group, an estimated $35.8M sold.
Based on aggregated 13F filings for Q3 2019.