Turning Point Brands
TPB
62 hedge funds and large institutions have $83.9M invested in Turning Point Brands in 2018 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 18 reducing their positions, and 11 closing their positions.
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
3% more funds holding
Funds holding: 60 → 62 (+2)
2.63% more ownership
Funds ownership: 19.83% → 22.47% (+2.6%)
6% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 18
4% more capital invested
Capital invested by funds: $80.6M → $83.9M (+$3.3M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$4.61M |
| 2 |
SG
Standard General
New York
|
+$3.17M |
| 3 |
EMG
ETF Managers Group
Summit,
New Jersey
|
+$2.66M |
| 4 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
+$1.5M |
| 5 |
Renaissance Technologies
New York
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.74M |
| 2 |
BCM
Brigade Capital Management
New York
|
-$1.61M |
| 3 |
SCP
Steamboat Capital Partners
Rye,
New York
|
-$1.14M |
| 4 |
Millennium Management
New York
|
-$898K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$707K |
TPB Hedge Fund Activity: Q1 2018 in Review
62 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q1 2018, worth a combined $83.9M — up 4.1% from $80.6M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new TPB positions and 11 closed out — a net gain of 3 holders — while 19 added to existing stakes and 18 trimmed.
The largest buyer was Thompson Siegel & Walmsley, opening a new position worth an estimated $4.61M. The largest seller was Vanguard Group, cutting an estimated $2.74M.
- 62 institutional investors held Turning Point Brands (TPB) as of Q1 2018, up from 60 in Q4 2017.
- Funds reported $83.9M of Turning Point Brands stock for Q1 2018, up 4.1% quarter-over-quarter.
- 14 funds opened new Turning Point Brands positions in Q1 2018 and 11 closed out, a net change of +3 holders.
- The largest Turning Point Brands buyer in Q1 2018 was Thompson Siegel & Walmsley, an estimated $4.61M added.
- The largest Turning Point Brands seller in Q1 2018 was Vanguard Group, an estimated $2.74M sold.
Based on aggregated 13F filings for Q1 2018.