Boston Beer Co Inc (SAM): This Metric Is Screaming ‘Sell, Sell, Sell’

Page 1 of 2

Boston Beer Co Inc (NYSE:SAM) investors should be aware of a decrease in hedge fund sentiment in recent months.

If you’d ask most shareholders, hedge funds are viewed as unimportant, outdated investment vehicles of yesteryear. While there are greater than 8000 funds with their doors open today, we at Insider Monkey look at the elite of this club, around 450 funds. It is estimated that this group oversees the lion’s share of the hedge fund industry’s total asset base, and by monitoring their highest performing equity investments, we have determined a number of investment strategies that have historically outperformed the broader indices. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 24 percentage points in 7 months (see the details here).

Boston Beer Co Inc (NYSE:SAM)

Equally as important, optimistic insider trading sentiment is a second way to break down the investments you’re interested in. There are a variety of incentives for an executive to sell shares of his or her company, but just one, very simple reason why they would behave bullishly. Various academic studies have demonstrated the market-beating potential of this tactic if “monkeys” know where to look (learn more here).

With these “truths” under our belt, we’re going to take a gander at the key action surrounding Boston Beer Co Inc (NYSE:SAM).

How have hedgies been trading Boston Beer Co Inc (NYSE:SAM)?

At year’s end, a total of 6 of the hedge funds we track were bullish in this stock, a change of -25% from the third quarter. With hedge funds’ sentiment swirling, there exists a few notable hedge fund managers who were upping their stakes considerably.

According to our comprehensive database, Fisher Asset Management, managed by Ken Fisher, holds the most valuable position in Boston Beer Co Inc (NYSE:SAM). Fisher Asset Management has a $50.1 million position in the stock, comprising 0.1% of its 13F portfolio. Coming in second is Mario Gabelli of GAMCO Investors, with a $15.7 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining peers that hold long positions include Israel Englander’s Millennium Management, Jim Simons’s Renaissance Technologies and Ken Griffin’s Citadel Investment Group.

Judging by the fact that Boston Beer Co Inc (NYSE:SAM) has witnessed a declination in interest from the entirety of the hedge funds we track, it’s safe to say that there were a few funds that decided to sell off their entire stakes at the end of the year. At the top of the heap, Roberto Mignone’s Bridger Management sold off the largest position of all the hedgies we key on, worth an estimated $10.2 million in stock.. Peter Rathjens, Bruce Clarke and John Campbell’s fund, Arrowstreet Capital, also sold off its stock, about $1.8 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest was cut by 2 funds at the end of the year.

Insider trading activity in Boston Beer Co Inc (NYSE:SAM)

Bullish insider trading is best served when the company in focus has seen transactions within the past half-year. Over the latest six-month time period, Boston Beer Co Inc (NYSE:SAM) has seen zero unique insiders purchasing, and 11 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Boston Beer Co Inc (NYSE:SAM). These stocks are China New Borun Corp (NYSE:BORN), Molson Coors Brewing Company (NYSE:TAP), Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU), and Vina Concha y Toro S.A. (ADR) (NYSE:VCO). All of these stocks are in the beverages – brewers industry and their market caps resemble SAM’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!