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Turning Point Brands
TPB

60 hedge funds and large institutions have $80.6M invested in Turning Point Brands in 2017 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 26 increasing their positions, 9 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

189% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 9

56% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 9

40% more capital invested

Capital invested by funds: $57.6M → $80.6M (+$23.1M)

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

9% more funds holding

Funds holding: 55 → 60 (+5)

2.05% more ownership

Funds ownership: 17.79% → 19.83% (+2%)

Holders
60
Holders Change
+5
Holders Change %
+9.09%
% of All Funds
1.36%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
14
Increased
26
Reduced
9
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$2.68M
2
Renaissance Technologies
Renaissance Technologies
New York
+$1.82M
3
EMG
ETF Managers Group
New Jersey
+$1.74M
4
NRCM
Northern Right Capital Management
Connecticut
+$880K
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$743K

Top Sellers

Rank Fund Capital Flow
1
Jennison Associates
Jennison Associates
New York
-$8.05M
2
UOC
UBS O'Connor
Illinois
-$1.53M
3
RJA
Raymond James & Associates
Florida
-$1M
4
BlackRock
BlackRock
New York
-$523K
5
SIM
Spark Investment Management
New York
-$519K
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
26
Credit Suisse
Switzerland
$597K +$499K +28,312 New
ZIM
27
ZPR Investment Management
Florida
$513K +$428K +24,284 New
Citigroup
28
Citigroup
New York
$509K +$302K +17,138 +246%
SIM
29
Spark Investment Management
New York
$475K -$519K -29,446 -57%
NI
30
Numeric Investors
Massachusetts
$467K +$390K +22,100 New
BGIM
31
Brandywine Global Investment Management
Pennsylvania
$381K +$317K +18,000 New
TCIM
32
TIAA CREF Investment Management
New York
$334K +$3.58K +203 +1%
Federated Hermes
33
Federated Hermes
Pennsylvania
$314K -$7.14K -405 -3%
Bessemer Group
34
Bessemer Group
New Jersey
$302K +$21.2K +1,200 +9%
Morgan Stanley
35
Morgan Stanley
New York
$222K +$77K +4,370 +71%
Connor, Clark & Lunn Investment Management (CC&L)
36
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$213K +$178K +10,100 New
TA
37
Teachers Advisors
New York
$181K – – –
Barclays
38
Barclays
United Kingdom
$154K +$7.05K +400 +6%
New York State Common Retirement Fund
39
New York State Common Retirement Fund
New York
$110K – – –
JP Morgan Chase
40
JP Morgan Chase
New York
$102K +$84.9K +4,813 New
Parallax Volatility Advisers
41
Parallax Volatility Advisers
California
$90K +$58.3K +3,305 +354%
IAM
42
Integre Asset Management
New York
$86K +$71.4K +4,049 New
AIG
43
American International Group
New York
$72K +$300 +17 +0.5%
PAM
44
Panagora Asset Management
Massachusetts
$64K – – –
HTI
45
Hikari Tsushin Inc
Japan
$62K – – –
Manulife (Manufacturers Life Insurance)
46
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$35K +$19.4K +1,098 +195%
OIA
47
OneDigital Investment Advisors
Kansas
$32K +$53 +3 +0.2%
Acadian Asset Management
48
Acadian Asset Management
Massachusetts
$30K +$25.1K +1,424 New
UBS Group
49
UBS Group
Switzerland
$22K -$24.7K -1,399 -58%
Legal & General Group
50
Legal & General Group
United Kingdom
$22K – – –
1
2
3

TPB Hedge Fund Activity: Q4 2017 in Review

60 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2017, worth a combined $80.6M — up 40% from $57.6M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new TPB positions and 9 closed out — a net gain of 5 holders — while 26 added to existing stakes and 9 trimmed.

The largest buyer was Vanguard Group, adding an estimated $2.68M. The largest seller was Jennison Associates, exiting entirely with an estimated $8.05M sold.

  • 60 institutional investors held Turning Point Brands (TPB) as of Q4 2017, up from 55 in Q3 2017.
  • Funds reported $80.6M of Turning Point Brands stock for Q4 2017, up 40% quarter-over-quarter.
  • 14 funds opened new Turning Point Brands positions in Q4 2017 and 9 closed out, a net change of +5 holders.
  • The largest Turning Point Brands buyer in Q4 2017 was Vanguard Group, an estimated $2.68M added.
  • The largest Turning Point Brands seller in Q4 2017 was Jennison Associates, an estimated $8.05M sold.

Based on aggregated 13F filings for Q4 2017.