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.
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% |
Page 1 of 9 – SEC Filing
| The Boston Beer Company, Inc. |
| Class A Common Stock, par value $0.01 per share |
| 100557107 |
| May 5, 2016** |
| (Date of Event which Requires Filing of this Statement) |
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