Boston Beer Company Inc (SAM): Hedge Funds Finally See Something to Like Again

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Is Boston Beer Company Inc (NYSE:SAM) a good stock to buy now? Money managers are buying. The number of bullish hedge fund positions that are disclosed in regulatory 13F filings moved up by 3 lately. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as WESCO International, Inc. (NYSE:WCC), Armstrong World Industries, Inc. (NYSE:AWI), and Zynga Inc (NASDAQ:ZNGA) to gather more data points.

Follow Boston Beer Co Inc (NYSE:SAM)

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What have hedge funds been doing with Boston Beer Company Inc (NYSE:SAM)?

At the end of the third quarter, a total of 16 of the hedge funds tracked by Insider Monkey held long positions in this stock, a 23% rise from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards SAM over the last 5 quarters, which has consistently trended downwards, save for the latest quarter’s small rebound. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were upping their stakes considerably (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Tybourne Capital Management, led by Eashwar Krishnan, holds the number one position in Boston Beer Company Inc (NYSE:SAM). Tybourne Capital Management has a $141.5 million position in the stock, comprising 7.1% of its 13F portfolio. On Tybourne Capital Management’s heels is Ken Fisher of Fisher Asset Management, with a $54.1 million position. Other hedge funds and institutional investors that hold long positions include Shane Finemore’s Manikay Partners, Cliff Asness’ AQR Capital Management, and Israel Englander’s Millennium Management. We should note that top shareholder Tybourne Capital Management is among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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