The Boston Beer Company (SAM) swelled from $86.37 at close on Tuesday to hit $99.01 a share at close on Wednesday. The increase came “after the maker of Samuel Adams beer reported third-quarter results that exceeded expectations and lifted its 2011 outlook,” reported MarketWatch.
The following hedge funds made the most:
1. Renaissance Technologies – Jim Simons: Gained $1.5 million
2. Bridger Management – Roberto Mignone: Gained $1.2 million
3. D E Shaw – D. E. Shaw: Gained $435,000
4. Diamondback Capital – Richard Schimel: Gained $66,000
DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in SAM since the end of June. We did not take into account their option positions.