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Boston Beer

296 hedge funds and large institutions have $3.34B invested in Boston Beer in 2019 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 85 increasing their positions, 108 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $3.25B → $3.34B (+$92.7M)

2% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 44

1% less funds holding

Funds holding: 299296 (-3)

1.76% less ownership

Funds ownership: 97.21%95.45% (-1.8%)

21% less repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 108

40% less call options, than puts

Call options by funds: $36.6M | Put options by funds: $61.2M

100% less funds holding in top 10

Funds holding in top 10: 20 (-2)

Holders
296
Holders Change
-3
Holders Change %
-1%
% of All Funds
5.83%
Holding in Top 10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
New
43
Increased
85
Reduced
108
Closed
44
Calls
$36.6M
Puts
$61.2M
Net Calls
-$24.6M
Net Calls Change
+$33.1M
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$517M -$5.08M -13,477 -1%
BlackRock
2
BlackRock
New York
$388M +$4.15M +11,010 +1%
Vanguard Group
3
Vanguard Group
Pennsylvania
$342M -$20.2M -53,757 -6%
Renaissance Technologies
4
Renaissance Technologies
New York
$185M +$28.5M +75,759 +18%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$135M +$44M +116,867 +48%
State Street
6
State Street
Massachusetts
$104M +$1.42M +3,781 +1%
AQR Capital Management
7
AQR Capital Management
Connecticut
$90.5M -$30.4M -80,626 -25%
Fisher Asset Management
8
Fisher Asset Management
Washington
$88.8M -$8.89M -23,614 -9%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$86.1M -$1.54M -4,077 -2%
Invesco
10
Invesco
Georgia
$81.6M -$13.8M -36,634 -15%
Macquarie Group
11
Macquarie Group
Australia
$67.7M +$23.2M +61,512 +52%
Northern Trust
12
Northern Trust
Illinois
$53.8M -$840K -2,230 -2%
Wellington Management Group
13
Wellington Management Group
Massachusetts
$51.6M +$7.81M +20,723 +18%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$51.3M +$3.37M +8,948 +7%
Goldman Sachs
15
Goldman Sachs
New York
$48.2M -$9.78M -25,967 -17%
Balyasny Asset Management
16
Balyasny Asset Management
Illinois
$42.1M +$5.74M +15,239 +16%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$40.1M +$2.05M +5,439 +5%
N
18
Nuveen
North Carolina
$38.1M -$2.5M -6,646 -6%
Millennium Management
19
Millennium Management
New York
$37.8M -$18.8M -49,815 -33%
CIP
20
Champlain Investment Partners
Vermont
$35.5M +$3.08M +8,175 +10%
Norges Bank
21
Norges Bank
Norway
$34.3M -$2.62M -6,960 -7%
Citadel Advisors
22
Citadel Advisors
Florida
$27.5M -$70M -185,987 -72%
TCM
23
TimesSquare Capital Management
New York
$27.4M +$27.3M +72,605 New
Charles Schwab
24
Charles Schwab
California
$27.3M -$228K -606 -0.8%
American Century Companies
25
American Century Companies
Missouri
$27.1M +$21.3M +56,448 +372%

SAM Hedge Fund Activity: Q4 2019 in Review

296 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Boston Beer (SAM) for Q4 2019, worth a combined $3.34B — up 2.9% from $3.25B a quarter earlier.

Sellers outnumbered buyers: 44 funds closed out of SAM and 43 opened new positions — a net loss of 1 holder — while 108 trimmed existing stakes and 85 added.

The largest buyer was Fidelity Investments, adding an estimated $44M. The largest seller was Citadel Advisors, cutting an estimated $70M.

  • 296 institutional investors held Boston Beer (SAM) as of Q4 2019, down from 299 in Q3 2019.
  • Funds reported $3.34B of Boston Beer stock for Q4 2019, up 2.9% quarter-over-quarter.
  • 43 funds opened new Boston Beer positions in Q4 2019 and 44 closed out, a net change of -1 holder.
  • The largest Boston Beer buyer in Q4 2019 was Fidelity Investments, an estimated $44M added.
  • The largest Boston Beer seller in Q4 2019 was Citadel Advisors, an estimated $70M sold.

Based on aggregated 13F filings for Q4 2019.