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Boston Beer Co Inc (SAM): Tybourne Capital Management Ups Its Stake

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According to a recent 13G filing with the US Securities and Exchange Commission, Eashwar Krishnan‘s Tybourne Capital Management owns 766,547 Class A Common Shares of Boston Beer Co Inc (NYSE:SAM), which amass 8.2% of the company’s outstanding shares. This is slightly more compared to 552,695 Class A Common Shares Tybourne Capital Management held in December, as disclosed in a previous 13G filing.

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The Boston Beer Company is a craft brewer that produces and sells alcoholic beverages both in the domestic and international markets under a plethora of brands. Over the past 12 months, the company’s shares have dropped by 39.54%. For the first quarter of 2016, Boston Beer Co reported EPS of $0.53 and revenue of $188.8 million, missing estimates of $0.96 and $198.4 million, respectively.

There was a decrease in the number of hedge funds supporting Boston Beer Co (NYSE:SAM) by two recently, and 22 investors from our database, reported long positions in this stock at the end of 2015, compared to 24 hedge funds a quarter earlier. Tybourne Capital Management disclosed the biggest position, worth around $111.6 million. Other investors with similar optimism encompass Joel Greenblatt’s Gotham Asset Management, Israel Englander’s Millennium Management, and John Overdeck and David Siegel’s Two Sigma Advisors.

Investors who lost interest in Boston Beer Co (NYSE:SAM) and sold off their positions are Matthew Hulsizer’s PEAK6 Capital Management, which dumped the biggest investment, worth around $1.9 million in ‘Call’ options, and Glenn Russell Dubin’s Highbridge Capital Management, which dropped around $1.1 million worth of stock.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
TYBOURNE CAPITAL MANAGEMENT (HK) LIMITED 0 766,547 0 766,547 766,547 8.2%
TYBOURNE CAPITAL MANAGEMENT LIMITED 0 766,547 0 766,547 766,547 8.2%
TYBOURNE KESARI LIMITED 0 766,547 0 766,547 766,547 8.2%
VISWANATHAN KRISHNAN 0 766,547 0 766,547 766,547 8.2%

Eashwar Krishnan
Eashwar Krishnan
Tybourne Capital Management

Page 1 of 9 – SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
The Boston Beer Company, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
100557107
(CUSIP Number)
May 5, 2016**
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 [x]           Rule 13d-1(b)
 [  ]           Rule 13d-1(c)
 [  ]           Rule 13d-1(d)
*           The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.  Beneficial ownership information contained herein is given as of the date listed above.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
**Voluntary filing.

 

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