Boston Beer

SAM • NYSE

Boston Beer is a beverages - alcoholic company in the consumer defensive sector on NYSE, led by C. James Koch, with a market cap of $2.1B. As of Q3 2025, 72% of shares are held by 346 institutional investors, with VANGUARD GROUP INC as the largest holder at 8.73%.

President and CEOC. James Koch

Market Cap$2.1B

Beverages - Alcoholic

Consumer Defensive

Employees2.7K

Websitebostonbeer.com

Country

United States of America

Overview

Overview of institutional ownership in SAM as of Q3 2025 with a market cap of $2.3B

All Institutions

Institutions: 346
Value Held: $1.7B
Shares Held: 7.9M
Avg Position: $4.8M
Median Position: $355.8K

Hedge Funds

Hedge Funds: 41
Value Held: $408.6M
Shares Held: 1.9M
Avg Position: $10.0M
Median Position: $1.3M

Ownership Breakdown

Institutional (non-HF)

54.74%

$1.3B

Hedge Funds

17.75%

$408.6M

Retail & Other

27.51%

$633.2M

Based on market cap of $2.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SAM as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$200.9M 0.00% of portfolio	8.73% 950.1K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$165.4M 0.00% of portfolio	7.18% 782.3K shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$136.8M 0.09% of portfolio	5.94% 647.1K shares	≤ Q2 2013 Held for 12y 5m+	$156.17B
FMR LLC Institution	-	$82.4M 0.00% of portfolio	3.58% 389.8K shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$56.2M 0.01% of portfolio	2.44% 265.8K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$55.7M 0.00% of portfolio	2.42% 263.3K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$54.6M 0.03% of portfolio	2.37% 258.4K shares	Q1 2025 Held for 8 months	$158.92B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$49.4M 0.00% of portfolio	2.15% 233.8K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
F Fisher Asset Management, LLC Institution	-	$48.9M 0.02% of portfolio	2.13% 231.5K shares	≤ Q2 2013 Held for 12y 5m+	$276.29B
UBS Group AG Institution	Sergio P. Ermotti CEO	$47.3M 0.01% of portfolio	2.05% 223.7K shares	Q4 2014 Held for 10y 11m	$511.54B

Net Capital Flow

Institutional buying and selling activity for SAM in Q3 2025

Net Flow: +$21.6M
Buyers: 121
Sellers: 167
Total Bought: +$318.5M
Total Sold: −$296.9M
Avg Position: $4.8M

Biggest Buyers

Institution	Net Bought	Current Position
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$105.7M +500.1K shares	$136.8M 647.1K shares
Gotham Asset Management, LLC Hedge Fund•Long/Short	+$42.7M +201.8K shares	$45.1M 213.3K shares
MORGAN STANLEY RIA/Wealth	+$29.7M +140.5K shares	$49.4M 233.8K shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	+$12.4M +58.8K shares	$28.8M 136.1K shares
VANGUARD GROUP INC Institution	+$9.1M +43.0K shares	$200.9M 950.1K shares
AMERIPRISE FINANCIAL INC Institution	+$8.6M +40.6K shares	$19.4M 91.9K shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$8.4M +39.6K shares	$22.6M 106.7K shares
IEQ CAPITAL, LLC RIA/Wealth	+$7.6M +36.2K shares	$8.3M 39.4K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$7.0M +33.0K shares	$10.8M 51.1K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$6.8M +32.4K shares	$26.0M 123.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$32.4M −153.2K shares	$15.2M 71.9K shares
TORONTO DOMINION BANK Institution	−$29.4M −154.0K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$27.7M −131.2K shares	$165.4M 782.3K shares
C COOPER CREEK PARTNERS MANAGEMENT LLC Hedge Fund•Long/Short	−$17.0M −80.6K shares	$30.9M 145.9K shares
FMR LLC Institution	−$14.3M −67.7K shares	$82.4M 389.8K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$12.1M −63.7K shares	Sold Off 0 shares
Q Qube Research & Technologies Ltd Institution	−$12.0M −56.8K shares	$11.8M 55.7K shares
PRUDENTIAL FINANCIAL INC Institution	−$8.9M −42.1K shares	$4.4M 20.7K shares
J Jump Financial, LLC Institution	−$8.8M −41.5K shares	$661.3K 3.1K shares
C Cubist Systematic Strategies, LLC Institution	−$7.5M −39.4K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited SAM in Q3 2025

New Positions: 28
New Value: $5.6M
Exited Positions: 55
Exited Value: $105.5M

New Positions

Institution	Position Value
Vident Advisory, LLC ETF Provider	$618.0K 2.9K shares
Eschler Asset Management LLP Hedge Fund•Long/Short	$528.6K 2.5K shares
BRIGHTON JONES LLC RIA/Wealth	$487.7K 2.3K shares
Chicago Partners Investment Group LLC RIA/Wealth	$470.9K 2.1K shares
I Ilex Capital Partners LLP Institution	$432.4K 2.0K shares
Buckingham Strategic Partners RIA/Wealth	$411.5K 2.0K shares
Catalytic Wealth RIA, LLC RIA/Wealth	$394.1K 1.9K shares
E Exit Wealth Advisors, LLC. RIA/Wealth	$353.5K 1.7K shares
RHS Financial, LLC RIA/Wealth	$350.1K 1.7K shares
Arkadios Wealth Advisors RIA/Wealth	$345.5K 1.6K shares

Exited Positions

Institution	Previous Position
TORONTO DOMINION BANK Institution	$29.4M 154.0K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$12.1M 63.7K shares
C Cubist Systematic Strategies, LLC Institution	$7.5M 39.4K shares
J JANE STREET GROUP, LLC Institution	$6.5M 34.0K shares
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	$5.3M 28.0K shares
Y Y-Intercept Ltd Institution	$5.3M 27.9K shares
Holocene Advisors, LP Hedge Fund•Long/Short	$4.1M 21.3K shares
S S.A.C. Capital Advisors Ltd. Institution	$4.0M 21.2K shares
A Assenagon Asset Management S.A. Institution	$3.8M 19.7K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$3.4M 18.0K shares

Options Activity

Institutions with the largest Call and Put options positions in SAM as of Q3 2025

Call Positions: 9
Call Value: $33.3M
Put Positions: 10
Put Value: $21.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$21.1M 999.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.7M 268.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.6M 76.0 contracts
UBS Group AG Institution	$1.4M 65.0 contracts
J JANE STREET GROUP, LLC Institution	$1.4M 65.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.2M 55.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$465.1K 22.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$253.7K 12.0 contracts
Walleye Trading LLC RIA/Wealth	$211.4K 10.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$10.0M 471.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.5M 213.0 contracts
W WOLVERINE TRADING, LLC Institution	$3.4M 160.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.1M 53.0 contracts
J JANE STREET GROUP, LLC Institution	$866.8K 41.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$634.3K 30.0 contracts
Walleye Trading LLC RIA/Wealth	$444.0K 21.0 contracts
V Volterra Technologies LP Hedge Fund•Quant	- - contracts
T Two Creeks Capital Management, LP Hedge Fund•Long/Short	- - contracts
S Squarepoint Ops LLC Hedge Fund•Quant	- - contracts

Most Committed Institutions

Institutions with SAM as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Crawford Fund Management, LLC Hedge Fund•Long/Short	Jonathan Richard Saunders Managing Partner	4.88% $9.0M	0.39% 42.7K shares	Q4 2023 Held for 1y 11m	$185.0M
R RK Asset Management, LLC Institution	-	3.66% $4.0M	0.17% 19.0K shares	Q1 2025 Held for 8 months	$110.0M
Savoir Faire Capital Management, L.P. Hedge Fund•Long/Short	Brian Michael Crombie Managing Partner	2.94% $8.2M	0.36% 38.8K shares	Q4 2024 Held for 11 months	$278.8M
SOUTHERNSUN ASSET MANAGEMENT, LLC Long Only Manager	Michael Whitman Cook Chairman	2.47% $19.1M	0.83% 90.2K shares	Q4 2021 Held for 3y 11m	$771.8M
Global Alpha Capital Management Ltd. Long Only Manager	Buddie Cloys Ballard Managing Partner	1.59% $27.7M	1.20% 131.2K shares	Q4 2024 Held for 11 months	$1.7B
S SOUTHEASTERN ASSET MANAGEMENT INC/TN/ Long Only Manager	Raymond Eugene Glotzbach CEO	1.18% $23.1M	1.00% 109.2K shares	Q1 2023 Held for 2y 8m	$2.0B
C COOPER CREEK PARTNERS MANAGEMENT LLC Hedge Fund•Long/Short	Robert (Nmn) Schwartz CEO	1.17% $30.9M	1.34% 145.9K shares	Q4 2024 Held for 11 months	$2.6B
GAGNON SECURITIES LLC RIA/Wealth	Neil Joseph Gagnon CEO	0.92% $4.5M	0.20% 21.5K shares	Q2 2022 Held for 3y 5m	$493.8M
Wernau Asset Management Inc. RIA/Wealth	Peter Christopher Wernau CEO	0.55% $528.6K	0.02% 2.5K shares	Q4 2024 Held for 11 months	$96.6M
B BCGM Wealth Management, LLC Institution	-	0.53% $2.0M	0.09% 9.5K shares	Q2 2025 Held for 5 months	$380.3M