Turning Point Brands
35 hedge funds and large institutions have $151M invested in Turning Point Brands in 2016 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
21% more capital invested
Capital invested by funds: $125M → $151M (+$26.4M)
6% more funds holding
Funds holding: 33 → 35 (+2)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
1.43% less ownership
Funds ownership: 71.93% → 70.5% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Standard General
New York
|
+$5.29M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.86M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$556K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$321K |
| 5 |
State Street
Boston,
Massachusetts
|
+$296K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$3.14M |
| 2 |
BC
BHR Capital
New York
|
-$418K |
| 3 |
SIM
Spark Investment Management
New York
|
-$236K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$152K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$139K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Morgan Stanley
New York
| $13K | +$13K | +1,089 | New |
|
27
Citigroup
New York
| $6K | -$1.34K | -112 | -19% |
|
|
SP
28
Summit Partners
Boston,
Massachusetts
| $6K | – | – | – |
|
29
BNP Paribas Financial Markets
Paris,
France
| $4.87K | +$2.02K | +169 | +72% |
|
30
Bank of America
Charlotte,
North Carolina
| $4K | -$89.1K | -7,445 | -95% |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| $4K | -$83.9K | -7,017 | -96% |
|
32
BlackRock
New York
| $3K | – | – | – |
|
|
CCA
33
Catalyst Capital Advisors
Huntington,
New York
| $3K | – | – | – |
|
|
TCIM
34
TIAA CREF Investment Management
New York
| $259 | -$75.4K | -6,303 | -23% |
|
|
SIM
35
Spark Investment Management
New York
| – | -$236K | -23,038 | Closed |
|
|
PPA
36
Parametric Portfolio Associates
Seattle,
Washington
| – | -$152K | -14,812 | Closed |
|
|
CS
37
Credit Suisse
Zurich,
Switzerland
| – | -$139K | -13,551 | Closed |
|
38
Barclays
London,
United Kingdom
| – | +$455 | +38 | New |
|
TPB Hedge Fund Activity: Q3 2016 in Review
35 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2016, worth a combined $151M — up 21% from $125M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new TPB positions and 3 closed out — a net gain of 2 holders — while 12 added to existing stakes and 12 trimmed.
The largest buyer was Standard General, adding an estimated $5.29M. The largest seller was Jennison Associates, cutting an estimated $3.14M.
- 35 institutional investors held Turning Point Brands (TPB) as of Q3 2016, up from 33 in Q2 2016.
- Funds reported $151M of Turning Point Brands stock for Q3 2016, up 21% quarter-over-quarter.
- 5 funds opened new Turning Point Brands positions in Q3 2016 and 3 closed out, a net change of +2 holders.
- The largest Turning Point Brands buyer in Q3 2016 was Standard General, an estimated $5.29M added.
- The largest Turning Point Brands seller in Q3 2016 was Jennison Associates, an estimated $3.14M sold.
Based on aggregated 13F filings for Q3 2016.