Cliff Asness's SAM Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 647,060 shares of The Boston Beer Company, Inc. (SAM) worth $136.8 M, representing 0.09% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in SAM, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2025, adding 500,120 shares. Largest reduction occurred in Q1 2025, reducing 305,008 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's The Boston Beer Company (SAM) Holding Value Over Time
Track share changes against reported price movement
Quarterly The Boston Beer Company (SAM) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +7,144 | Add 0.00% | 7,143 | $134.40 |
| Q2 2013 | +5,844 | Add 0.00% | 5,843 | $170.63 |
| Q3 2013 | +2,500 | Add 42.79% | 8,343 | $244.16 |
| Q4 2013 | -1,700 | Reduce 20.38% | 6,643 | $241.76 |
| Q1 2014 | -2,000 | Reduce 30.11% | 4,643 | $244.67 |
| Q4 2014 | -2,871 | Reduce 61.84% | 1,772 | $290.07 |
| Q2 2015 | +4,113 | Add 232.11% | 5,885 | $231.95 |
| Q3 2015 | +3,732 | Add 63.42% | 9,617 | $210.56 |
| Q4 2015 | +31,582 | Add 328.40% | 41,199 | $201.90 |
| Q1 2016 | -2,417 | Reduce 5.87% | 38,782 | $185.06 |
| Q2 2016 | +44,614 | Add 115.04% | 83,396 | $171.03 |
| Q3 2016 | +20,340 | Add 24.39% | 103,736 | $155.26 |
| Q4 2016 | -15,551 | Reduce 14.99% | 88,185 | $169.86 |
| Q1 2017 | +10,873 | Add 12.33% | 99,058 | $144.65 |
| Q2 2017 | +32,106 | Add 32.41% | 131,164 | $132.16 |
| Q3 2017 | +7,626 | Add 5.81% | 138,790 | $157.90 |
| Q4 2017 | +69,215 | Add 49.87% | 208,005 | $191.10 |
| Q1 2018 | +58,410 | Add 28.08% | 266,415 | $189.05 |
| Q2 2018 | -4,671 | Reduce 1.75% | 261,744 | $299.70 |
| Q3 2018 | +42,137 | Add 16.10% | 303,881 | $287.50 |
| Q4 2018 | +8,998 | Add 2.96% | 312,879 | $240.84 |
| Q1 2019 | +68,460 | Add 21.88% | 381,339 | $292.16 |
| Q2 2019 | +4,039 | Add 1.06% | 385,378 | $370.58 |
| Q3 2019 | -65,309 | Reduce 16.95% | 320,069 | $360.39 |
| Q4 2019 | -80,626 | Reduce 25.19% | 239,443 | $377.85 |
| Q1 2020 | -34,234 | Reduce 14.30% | 205,209 | $361.51 |
| Q2 2020 | -133,223 | Reduce 64.92% | 71,986 | $536.65 |
| Q3 2020 | -43,301 | Reduce 60.15% | 28,685 | $880.01 |
| Q4 2020 | +11,602 | Add 40.45% | 40,287 | $994.29 |
| Q1 2021 | -13,461 | Reduce 33.41% | 26,826 | $1206.29 |
| Q2 2021 | -6,817 | Reduce 25.41% | 20,009 | $1020.79 |
| Q3 2021 | -7,048 | Reduce 35.22% | 12,961 | $509.76 |
| Q4 2021 | -10,645 | Reduce 82.13% | 2,316 | $505.18 |
| Q1 2022 | -365 | Reduce 15.76% | 1,951 | $385.44 |
| Q2 2022 | +411 | Add 21.07% | 2,362 | $301.44 |
| Q3 2022 | +13,973 | Add 591.57% | 16,335 | $323.66 |
| Q4 2022 | +12,573 | Add 76.97% | 28,908 | $329.40 |
| Q1 2023 | +3,414 | Add 11.81% | 32,322 | $327.08 |
| Q2 2023 | +37,225 | Add 115.17% | 69,547 | $308.44 |
| Q3 2023 | +45,864 | Add 65.95% | 115,411 | $385.00 |
| Q4 2023 | -3,794 | Reduce 3.29% | 111,617 | $345.59 |
| Q1 2024 | +3,164 | Add 2.83% | 114,781 | $304.42 |
| Q2 2024 | -4,993 | Reduce 4.35% | 109,788 | $302.39 |
| Q3 2024 | +242,651 | Add 221.02% | 352,439 | $285.42 |
| Q4 2024 | +69,778 | Add 19.80% | 422,217 | $298.00 |
| Q1 2025 | -305,008 | Reduce 72.24% | 117,209 | $236.09 |
| Q2 2025 | +29,731 | Add 25.37% | 146,940 | $188.26 |
| Q3 2025 | +500,120 | Add 340.36% | 647,060 | $211.42 |
Cliff Asness's The Boston Beer Company Investment FAQs
Cliff Asness first purchased The Boston Beer Company, Inc. (SAM) in Q4 2012, acquiring 7,143 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held The Boston Beer Company, Inc. (SAM) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to The Boston Beer Company, Inc. (SAM) was in Q3 2025, adding 647,060 shares worth $136.8 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 647,060 shares of The Boston Beer Company, Inc. (SAM), valued at approximately $136.8 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, The Boston Beer Company, Inc. (SAM) represents approximately 0.09% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in The Boston Beer Company, Inc. (SAM) was 647,060 shares, as reported at the end of Q3 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.