Tybourne Capital Ups Boston Beer Stake

Eashwar Krishnan's hedge fund firm Tybourne Capital has filed a 13G with the SEC regarding shares of Boston Beer (SAM).  Per the filing, Tybourne now owns 10.1% of SAM with 911,613 shares.

This is an increase of 152,202 shares since the end of the first quarter.  The filing was made due to activity on July 31st.  This is the second time Tybourne has upped its SAM stake in recent months.

Prior to founding Tybourne, Krishnan worked at Lone Pine Capital.

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. The Company operates through two segments: Boston Beer Company segment and A&S Brewing Collaborative segment. The Boston Beer Company operating segment comprises of the Company's Samuel Adams, Twisted Tea and Angry Orchard brands. The A&S Brewing Collaborative operating segment comprises of The Traveler Beer Company, Coney Island Brewing Company, Angel City Brewing Company and Concrete Beach Brewing Company. It sells over 60 beers under the Samuel Adams and the Sam Adams brand names, over 10 flavored malt beverages under the Twisted Tea brand name, over 10 hard cider beverages under the Angry Orchard brand name and approximately 40 beers under over four of the brand names of its subsidiary, A&S Brewing Collaborative LLC, under its trade name Alchemy & Science."

Tybourne Capital Ups Boston Beer Stake

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." 

Tybourne Capital Ups Workday Stake

Eashwar Krishnan's hedge fund firm Tybourne Capital has filed a 13G with the SEC regarding its stake in Workday (WDAY).  Per the filing, Tybourne now owns 2.5% of the company with over 2.95 million shares.

This is an increase from the 1.23 million shares Tybourne reported owning at the end of 2015.  The filing was made due to activity on March 31st and was made voluntarily even though they're not past the 5% ownership threshold usually required for reporting.

Prior to founding Tybourne, Krishnan worked at Lone Pine Capital.

Per Google Finance, Workday is "a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for a range of companies, educational institutions and government agencies. The Company's applications include Workday Financial Management, Workday Human Capital Management (Workday HCM) and Workday Insight Applications. Workday Financial Management is a unified application built on a single, global core with a range of financial capabilities, relevant analytics and metrics, and an auditable process management built to help manage financial processes for global organizations. Workday HCM enables an organization to staff, pay, organize, and develop its global workforce. Workday Insight Applications is a suite of applications that leverage advanced data science and machine learning methodologies to help customers make financial and workforce decisions."

Tybourne Capital Increases Boston Beer Stake

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."

Tybourne Capital Discloses On Deck Capital Stake

Eashwar Krishnan's hedge fund firm Tybourne Capital has filed a 13G with the SEC regarding shares of On Deck Capital (ONDK).  Per the filing, Tybourne now owns % of the company with over 4.25 million shares.

This is a newly disclosed position for the hedge fund.  On Deck IPO'd in late 2014 and has sold-off recently, and it looks like Tybourne took advantage of the drop.  We've previously highlighted that Tiger Global has a stake in On Deck as well.

Prior to founding Tybourne, Krishnan was a Managing Director at Lone Pine Capital.

Per Google Finance, On Deck Capital is "an online platform for small business lending. Enabled by its technology and analytics, the Company aggregates and analyzes data points from dynamic, disparate data sources to assess the creditworthiness of small businesses. Small businesses can apply for a term loan or line of credit on its Website and, using its OnDeck Score, it can make a funding decision immediately and transfer funds the same day."

Tybourne Capital Raises Autohome Stake

Eashwar Krishnan's hedge fund firm Tybourne Capital just filed a 13G with the SEC regarding its stake in Autohome (ATHM).  Per the filing, Tybourne now owns 5.3% of ATHM with over 1.9 million shares.

This is an increase of over 450,000 shares since the end of 2013.  The filing was required due to activity on February 14th.

Prior to founding Tybourne, Krishnan worked at Lone Pine Capital.  You can view some additional recent portfolio activity from Tybourne here.

Per Google Finance, Autohome is "an online destination for automobile consumers in China. Through its two Websites, autohome.com.cn and che168.com, the Company delivers content to automobile buyers and owners. The Company's Content includes professionally produced content, user generated content, automobile library and automobile listing information. The Company generates revenues from online advertising services and dealer subscription services."

Tybourne Capital Raises Mulberry Group Stake

Eashwar Krishnan’s hedge fund Tybourne Capital Management has disclosed a position in London listed Mulberry Group (LON: MUL).  Due to trading on January 29th, Tybourne now hold 4.3% of Mulberry’s voting rights. 

Mulberry Group is not a new position, as Tybourne appeared on Mulberry Group’s list of large shareholders with a 1.08% stake back in November of 2013.  Tybourne have clearly been out buying more shares since then. 


About Tybourne Capital

Eashwar Krishnan spent 12 years as a Managing Director and Senior Analyst at Lone Pine Capital. In 2007, he moved to Hong Kong to set up and manage Lone Pine’s operation in Asia.

He set up his own fund, Tybourne Capital, in 2012. Tybourne focuses mostly on equities in the consumer, financial and TMT sectors in Asia. Tybourne’s flagship fund returned 16.04% in 2013, its first full year of operation.

For more on Tybourne, we've previously posted up Krishnan's investment ideas from the Sohn London Conference.


About Mulberry Group

Per Google Finance, Mulberry Group is "a United Kingdom-based holding company. The Company is engaged in the design and manufacture or sourcing of luxury accessories, clothing and footwear and their subsequent sale through wholesale channels or its own stores and concessions in home and export markets. It operates in two segments: the Retail business and Design business. The Retail segment is engaged in the sale of Mulberry branded fashion accessories, clothing and footwear through a number of shops and department store concessions. The design segment includes brand management, marketing, product design, manufacture, sourcing and wholesale distribution for the Mulberry brand. It invests in design and development in order to develop and market accessory, clothing and footwear collections for Spring/Summer and Autumn/Winter each year."