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Boston Beer Co Inc (SAM): Tybourne Capital Management Ups Stake To 10.1%

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Eashwar Krishnan‘s Tybourne Capital Management has stepped up its interest in Boston Beer Co Inc (NYSE:SAM), boosting its holding to 10.1% of the company’s common stock. According to a recently amended filing with the Securities and Exchange Commission, the fund currently holds 911,613 shares, up from 766,547 shares reported at the beginning of May.

A craft beer company, Boston Beer Co Inc (NYSE:SAM) has had a tough year so far due to increased competition in the industry. The craft beer industry has witnessed an explosion in recent years, as Boston Beer is currently competing with more than 4,000 local US craft brewers and the ever-changing tastes of customers. Nevertheless, the company managed to surprise Wall Street at the end of July, when it posted financial results that exceeded expectations. Second-quarter sales reached $244.8 million and Boston Beer posted a profit of $2.06 per share, topping analysts’ consensus of $239 million and $1.95 in earnings per share. The stock ended Wednesday’s trading session at $181.64 per share, down 9.4% for the year.

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Valentyn Volkov/Shutterstock.com

Not a very popular stock among the hedge funds followed by Insider Monkey, Boston Beer Co Inc (NYSE:SAM) could be found in the portfolios of 17 funds at the end of March, down from 22 registered three months earlier. Joel Greenblatt‘s Gotham Asset Management cut its stake by 52% to 102,996 shares, while John Overdeck And David Siegel’s Two Sigma Advisors had its position reduced by 8% to 71,679 shares by the end of the first quarter.

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 0 911,613 0 911,613 911,613 10.1%
TYBOURNE CAPITAL MANAGEMENT LIMITED 0 911,613 0 911,613 911,613 10.1%
TYBOURNE KESARI LIMITED 0 911,613 0 911,613 911,613 10.1%
VISWANATHAN KRISHNAN 0 911,613 0 911,613 911,613 10.1%
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. 3)*
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)
July 31, 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).
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