Longleaf Partners, managed by Southeastern Asset Management, released its “Small-Cap Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned 2.70% in the second quarter, compared to the Russell 3000’s 10.99% return and the Russell 2000’s 8.50% gain. For more information on the fund’s best picks in 2025, please check its best five holdings.
In its second-quarter 2025 investor letter, Longleaf Partners Small-Cap Fund highlighted stocks such as The Boston Beer Company, Inc. (NYSE:SAM). The Boston Beer Company, Inc. (NYSE:SAM) is a beverage company that engages in the production and distribution of alcoholic beverages. The one-month return of The Boston Beer Company, Inc. (NYSE:SAM) was 8.19%, and its shares lost 20.57% of their benefit over the last 52 weeks. On August 20, 2025, The Boston Beer Company, Inc. (NYSE:SAM) stock closed at $218.33 per share, with a market capitalization of $2.377 billion.
Longleaf Partners Small-Cap Fund stated the following regarding The Boston Beer Company, Inc. (NYSE:SAM) in its second quarter 2025 investor letter:
“The Boston Beer Company, Inc. (NYSE:SAM) – US beverage company Boston Beer detracted in the quarter. The stock rate has continued to be under pressure due to macro concerns around declining alcohol consumption trends noted above. The company did report a solid operational quarter and is focused on what is within its control by growing margins. The company still has a strong net cash balance sheet to protect the downside, and it is continuing to execute substantial share repurchase at accretive prices. It feels way in the past at this stock rate, but it was just a year ago that Boston Beer was the subject of takeover rumors.”
A closeup shot of a beer tap pouring a golden lager.
The Boston Beer Company, Inc. (NYSE:SAM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held The Boston Beer Company, Inc. (NYSE:SAM) at the end of the first quarter, which was 29 in the previous quarter. The Boston Beer Company, Inc.’s (NYSE:SAM) second quarter revenue rose 1.5%, driven by higher pricing and a more favorable product mix, though gains were tempered by lower volume. While we acknowledge the potential of The Boston Beer Company, Inc. (NYSE:SAM) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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