Turning Point Brands
44 hedge funds and large institutions have $202M invested in Turning Point Brands in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 8 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 13
28% more capital invested
Capital invested by funds: $157M → $202M (+$44.3M)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
1.33% less ownership
Funds ownership: 69.97% → 68.64% (-1.3%)
8% less funds holding
Funds holding: 48 → 44 (-4)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| 1 |
BlackRock
New York
|
+$4.15M |
| 2 |
BCM
Brigade Capital Management
New York
|
+$728K |
| 3 |
WSL
Western Standard LLC
Los Angeles,
California
|
+$652K |
| 4 |
NRCM
Northern Right Capital Management
Darien,
Connecticut
|
+$627K |
| 5 |
Renaissance Technologies
New York
|
+$572K |
Top Sellers
TPB Hedge Fund Activity: Q1 2017 in Review
44 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q1 2017, worth a combined $202M — up 28% from $157M a quarter earlier.
Fund positioning in TPB was balanced in Q1 2017: 8 funds opened new positions, 8 closed out, 21 added to existing stakes and 13 trimmed.
The largest buyer was BlackRock, adding an estimated $4.15M. The largest seller was NatWest Group, exiting entirely with an estimated $783K sold.
- 44 institutional investors held Turning Point Brands (TPB) as of Q1 2017, down from 48 in Q4 2016.
- Funds reported $202M of Turning Point Brands stock for Q1 2017, up 28% quarter-over-quarter.
- 8 funds opened new Turning Point Brands positions in Q1 2017 and 8 closed out, a net change of 0 holders.
- The largest Turning Point Brands buyer in Q1 2017 was BlackRock, an estimated $4.15M added.
- The largest Turning Point Brands seller in Q1 2017 was NatWest Group, an estimated $783K sold.
Based on aggregated 13F filings for Q1 2017.