Precept Management’s Turning Point Brands TPB Stock Holding History

Precept Management’s Portfolio TPB Stock Details TPB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q3	–	Sell	-27,000	Closed	-$1.32M	–	75
2019 Q2	$1.32M	Sell	27,000 -25,000	-48%	-$1.21M	0.41%	54
2019 Q1	$2.4M	Buy	52,000 +8,000	+18%	+$306K	1.08%	30
2018 Q4	$1.2M	Buy	+44,000	New	+$1.55M	0.47%	27

Other funds holding TPB

Thrivent Financial for Lutherans Minneapolis, Minnesota $52.5B AUM 27.12% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Standard General New York $336M AUM 16.52% 1-Year Est. Return

EMG

ETF Managers Group Summit, New Jersey $3.1B AUM 17.12% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

FSCM

First Sabrepoint Capital Management Dallas, Texas $276M AUM 61.64% 1-Year Est. Return

Precept Management's TPB Position: Q3 2019 in Review

Precept Management sold out of Turning Point Brands (TPB) in Q3 2019, closing a stake of 27,000 shares — an estimated $1.32M sold.

Precept Management first reported a position in TPB in Q4 2018 and held it in 3 quarters. The position peaked at $2.4M in Q1 2019. 101 funds tracked by Wall St. Rank hold TPB as of Q3 2019.

Precept Management reported no remaining Turning Point Brands position as of Q3 2019 after selling out during the quarter.
Precept Management sold 27,000 Turning Point Brands shares in Q3 2019, an estimated $1.32M.
Precept Management first reported a position in Turning Point Brands in Q4 2018 and held it in 3 quarters.
Precept Management's Turning Point Brands position peaked at $2.4M in Q1 2019.
101 funds tracked by Wall St. Rank held Turning Point Brands as of Q3 2019.

Based on Precept Management's 13F filing for Q3 2019, filed 14 Nov 2019.