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Turning Point Brands
TPB

101 hedge funds and large institutions have $238M invested in Turning Point Brands in 2018 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 32 increasing their positions, 29 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

87% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 15

49% more capital invested

Capital invested by funds: $160M → $238M (+$78.2M)

15% more funds holding

Funds holding: 88 → 101 (+13)

10% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 29

2.49% more ownership

Funds ownership: 27.22% → 29.71% (+2.5%)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
101
Holders Change
+13
Holders Change %
+14.77%
% of All Funds
2.31%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
28
Increased
32
Reduced
29
Closed
15
Calls
$1.17M
Puts
–
Net Calls
+$1.17M
Net Calls Change
+$1.17M

Top Buyers

Rank Fund Capital Flow
1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$22.6M
2
Renaissance Technologies
Renaissance Technologies
New York
+$6.52M
3
BlackRock
BlackRock
New York
+$5.83M
4
SG
Standard General
New York
+$5.38M
5
Invesco
Invesco
Georgia
+$3.17M

Top Sellers

Rank Fund Capital Flow
1
FSCM
First Sabrepoint Capital Management
Texas
-$11.2M
2
NRCM
Northern Right Capital Management
Connecticut
-$8.91M
3
Two Sigma Investments
Two Sigma Investments
New York
-$2.25M
4
TSW
Thompson Siegel & Walmsley
Virginia
-$1.98M
5
OCG
Opus Capital Group
Ohio
-$1.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
Allianz Asset Management
26
Allianz Asset Management
Germany
$2.04M +$1.73M +49,215 New
Man Group
27
Man Group
United Kingdom
$1.96M -$206K -5,864 -11%
Deutsche Bank
28
Deutsche Bank
Germany
$1.95M -$123K -3,514 -7%
HIM
29
Hillsdale Investment Management
Ontario, Canada
$1.94M – – –
Morgan Stanley
30
Morgan Stanley
New York
$1.87M +$359K +10,220 +29%
GCP
31
GSA Capital Partners
United Kingdom
$1.62M +$807K +22,960 +143%
CIC
32
Cornercap Investment Counsel
Georgia
$1.6M +$247K +7,035 +22%
MAM
33
Martingale Asset Management
Massachusetts
$1.55M +$31.6K +900 +2%
DADC
34
D.A. Davidson & Co
Montana
$1.39M +$27.2K +775 +2%
Ohio Public Employees Retirement System (OPERS)
35
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.37M -$1.74M -49,450 -60%
Neuberger Berman Group
36
Neuberger Berman Group
New York
$1.37M – – –
SG Americas Securities
37
SG Americas Securities
New York
$1.36M +$1.15M +32,781 New
TCIM
38
TIAA CREF Investment Management
New York
$1.3M -$31.8K -904 -3%
ACM
39
Ativo Capital Management
Illinois
$1.29M -$141K -4,004 -11%
BCM
40
Brigade Capital Management
New York
$1.27M -$1.32M -37,600 -55%
WCM
41
Wedge Capital Management
North Carolina
$1.25M -$244K -6,944 -19%
AQR Capital Management
42
AQR Capital Management
Connecticut
$1.25M +$469K +13,334 +80%
MSL
43
Mackay Shields LLC
New York
$1.2M +$390K +11,100 +62%
Two Sigma Advisers
44
Two Sigma Advisers
New York
$933K -$520K -14,800 -40%
Prudential Financial
45
Prudential Financial
New Jersey
$891K +$235K +6,685 +45%
OSAM
46
O'Shaughnessy Asset Management
Connecticut
$806K +$58.2K +1,655 +9%
Millennium Management
47
Millennium Management
New York
$779K +$372K +10,574 +129%
Charles Schwab
48
Charles Schwab
California
$730K – – –
ZIM
49
ZPR Investment Management
Florida
$669K -$247K -7,016 -30%
CEP
50
Chicago Equity Partners
Illinois
$651K – – –
1
2
3 4 5

TPB Hedge Fund Activity: Q3 2018 in Review

101 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2018, worth a combined $238M — up 49% from $160M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new TPB positions and 15 closed out — a net gain of 13 holders — while 32 added to existing stakes and 29 trimmed.

The largest buyer was Thrivent Financial for Lutherans, opening a new position worth an estimated $22.6M. The largest seller was First Sabrepoint Capital Management, cutting an estimated $11.2M.

  • 101 institutional investors held Turning Point Brands (TPB) as of Q3 2018, up from 88 in Q2 2018.
  • Funds reported $238M of Turning Point Brands stock for Q3 2018, up 49% quarter-over-quarter.
  • 28 funds opened new Turning Point Brands positions in Q3 2018 and 15 closed out, a net change of +13 holders.
  • The largest Turning Point Brands buyer in Q3 2018 was Thrivent Financial for Lutherans, an estimated $22.6M added.
  • The largest Turning Point Brands seller in Q3 2018 was First Sabrepoint Capital Management, an estimated $11.2M sold.

Based on aggregated 13F filings for Q3 2018.