market folly

Eashwar Krishnan's hedge fund firm Tybourne Capital last week filed a 13G on shares of Boston Beer (SAM).  Per the filing, Tybourne now owns 6% of the company with 583,174 shares.

This means they've roughly doubled their position size since the end of the second quarter when they owned 283,584 shares of SAM.  The filing was made due to activity on July 24th.

Tybourne originally started the position in the first quarter of this year and then added again in the second quarter as well.

Prior to founding Tybourne, Krishnan worked at Lone Pine Capital.  We've highlighted previous portfolio activity from Tybourne here.

Per Google Finance, Boston Beer is "a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in international markets."