Billionaire Ray Dalio’s Top 5 Small-Cap Stock Picks

3. The Boston Beer Company, Inc. (NYSE:SAM)

Value of Bridgewater Associates’ 13F Position: $10.13 million

Number of Hedge Fund Shareholders: 32

Hedge fund ownership of The Boston Beer Company, Inc. (NYSE:SAM) rebounded by 60% in Q4 after sliding by more than 50% during Q3. Bridgewater has been a shareholder of the company since Q3 2020 and owned 20,060 SAM shares on December 31.

One of the 15 Most Valuable Beer Companies in the World, The Boston Beer Company, Inc. (NYSE:SAM) is another small-cap growth stock that’s been hit hard in the last year, with shares tumbling by 63%. The company was forced to slash its full-year guidance recently due to waning demand for its hard seltzer beverages, the potential for which had the market all excited just a year earlier.

Those oversupply issues are temporary but nonetheless took a big bite out of The Boston Beer Company, Inc. (NYSE:SAM)’s 2021 earnings. While growth in the hard seltzer category has slowed ahead of schedule, Boston Beer has several other innovative drinks in the offing that could provide a boost in the future, most notably cannabis drinks.