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Turning Point Brands
TPB

88 hedge funds and large institutions have $160M invested in Turning Point Brands in 2018 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 32 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

371% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 7

167% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 12

90% more capital invested

Capital invested by funds: $83.9M → $160M (+$75.8M)

42% more funds holding

Funds holding: 62 → 88 (+26)

4.75% more ownership

Funds ownership: 22.47% → 27.22% (+4.8%)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

Holders
88
Holders Change
+26
Holders Change %
+41.94%
% of All Funds
2.01%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
33
Increased
32
Reduced
12
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$3.3M
2
OCG
Opus Capital Group
Ohio
+$2.64M
3
Renaissance Technologies
Renaissance Technologies
New York
+$2.25M
4
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
+$2.06M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$2.05M

Top Sellers

Rank Fund Capital Flow
1
BCM
Brigade Capital Management
New York
-$4.42M
2
TSW
Thompson Siegel & Walmsley
Virginia
-$2.8M
3
NRCM
Northern Right Capital Management
Connecticut
-$2.12M
4
SCP
Steamboat Capital Partners
New York
-$1.45M
5
ACM
Argent Capital Management
Missouri
-$834K
Name Holding Trade Value Shares
Change 		Change in
Stake
HIM
26
Hillsdale Investment Management
Ontario, Canada
$1.49M +$1.17M +46,726 New
Wells Fargo
27
Wells Fargo
California
$1.24M +$307K +12,297 +46%
Two Sigma Advisers
28
Two Sigma Advisers
New York
$1.19M +$930K +37,300 New
WCM
29
Wedge Capital Management
North Carolina
$1.18M +$80.7K +3,238 +10%
MAM
30
Martingale Asset Management
Massachusetts
$1.16M – – –
ACM
31
Ativo Capital Management
Illinois
$1.12M -$698K -28,007 -44%
Morgan Stanley
32
Morgan Stanley
New York
$1.11M +$469K +18,790 +117%
Neuberger Berman Group
33
Neuberger Berman Group
New York
$1.05M – – –
DADC
34
D.A. Davidson & Co
Montana
$1.04M +$56.2K +2,254 +7%
TCIM
35
TIAA CREF Investment Management
New York
$1.03M +$408K +16,374 +104%
CIC
36
Cornercap Investment Counsel
Georgia
$1.01M +$788K +31,611 New
SCM
37
Sterling Capital Management
North Carolina
$898K +$702K +28,163 New
GC
38
Globeflex Capital
California
$821K +$642K +25,734 New
Goldman Sachs
39
Goldman Sachs
New York
$753K +$148K +5,950 +34%
DCM
40
Dupont Capital Management
Delaware
$744K +$581K +23,313 New
ZIM
41
ZPR Investment Management
Florida
$738K -$7.36K -295 -1%
SIM
42
Spark Investment Management
New York
$727K +$130K +5,200 +30%
Balyasny Asset Management
43
Balyasny Asset Management
Illinois
$580K +$453K +18,179 New
BGIM
44
Brandywine Global Investment Management
Pennsylvania
$575K – – –
MSL
45
Mackay Shields LLC
New York
$568K +$444K +17,802 New
OSAM
46
O'Shaughnessy Asset Management
Connecticut
$567K +$143K +5,722 +47%
Charles Schwab
47
Charles Schwab
California
$562K +$35K +1,404 +9%
American Century Companies
48
American Century Companies
Missouri
$547K +$428K +17,145 New
PP
49
PDT Partners
New York
$542K +$94.8K +3,800 +29%
AQR Capital Management
50
AQR Capital Management
Connecticut
$533K +$417K +16,724 New
1
2
3 4

TPB Hedge Fund Activity: Q2 2018 in Review

88 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2018, worth a combined $160M — up 90% from $83.9M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new TPB positions and 7 closed out — a net gain of 26 holders — while 32 added to existing stakes and 12 trimmed.

The largest buyer was BlackRock, adding an estimated $3.3M. The largest seller was Brigade Capital Management, cutting an estimated $4.42M.

  • 88 institutional investors held Turning Point Brands (TPB) as of Q2 2018, up from 62 in Q1 2018.
  • Funds reported $160M of Turning Point Brands stock for Q2 2018, up 90% quarter-over-quarter.
  • 33 funds opened new Turning Point Brands positions in Q2 2018 and 7 closed out, a net change of +26 holders.
  • The largest Turning Point Brands buyer in Q2 2018 was BlackRock, an estimated $3.3M added.
  • The largest Turning Point Brands seller in Q2 2018 was Brigade Capital Management, an estimated $4.42M sold.

Based on aggregated 13F filings for Q2 2018.