market folly

Eashwar Krishnan's hedge fund firm Tybourne Capital has filed an amended 13G with the SEC regarding its position in Boston Beer (SAM).  Per the filing, Tybourne now owns 8.2% of the beer company popular for its Samuel Adams brand with 766,547 shares.

This is up from the 552,695 shares that Tybourne owned at the end of 2015.  Their recent filing was made due to activity on May 5th.  Boston Beer recently cut its 2016 earnings guidance, providing a drop for Tybourne to add to their position.

Prior to founding Tybourne, Krishnan worked at Steve Mandel's Lone Pine Capital.  You can see other recent 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."