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Turning Point Brands
TPB

90 hedge funds and large institutions have $184M invested in Turning Point Brands in 2018 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more call options, than puts

Call options by funds: $1.13M | Put options by funds: $450K

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

33% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 27

4.78% more ownership

Funds ownership: 29.71% → 34.49% (+4.8%)

11% less funds holding

Funds holding: 101 → 90 (-11)

23% less capital invested

Capital invested by funds: $238M → $184M (-$54.1M)

42% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 24

Holders
90
Holders Change
-11
Holders Change %
-10.89%
% of All Funds
2.01%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.09%
New
14
Increased
36
Reduced
27
Closed
24
Calls
$1.13M
Puts
$450K
Net Calls
+$677K
Net Calls Change
-$492K

Top Buyers

1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$15.6M
2
FSCM
First Sabrepoint Capital Management
Texas
+$10.6M
3
EMG
ETF Managers Group
New Jersey
+$10.3M
4
Renaissance Technologies
Renaissance Technologies
New York
+$4.99M
5
Deutsche Bank
Deutsche Bank
Germany
+$2.59M

Top Sellers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$3.73M
2
American Century Companies
American Century Companies
Missouri
-$2.79M
3
OAM
Oxford Asset Management
United Kingdom
-$2.56M
4
Invesco
Invesco
Georgia
-$2.18M
5
OCG
Opus Capital Group
Ohio
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
Allianz Asset Management
26
Allianz Asset Management
Germany
$1.2M -$176K -4,999 -10%
PM
27
Precept Management
Texas
$1.2M +$1.55M +44,000 New
Lazard Asset Management
28
Lazard Asset Management
New York
$1.07M +$878K +24,963 +174%
GC
29
Globeflex Capital
California
$1.07M -$780K -22,180 -36%
Invesco
30
Invesco
Georgia
$1.06M -$2.18M -61,900 -61%
MAM
31
Martingale Asset Management
Massachusetts
$978K -$49.2K -1,400 -4%
Neuberger Berman Group
32
Neuberger Berman Group
New York
$898K – – –
SG Americas Securities
33
SG Americas Securities
New York
$873K -$24.8K -704 -2%
BCM
34
Brigade Capital Management
New York
$833K – – –
WCM
35
Wedge Capital Management
North Carolina
$819K – – –
TCIM
36
TIAA CREF Investment Management
New York
$810K -$53.2K -1,512 -5%
DADC
37
D.A. Davidson & Co
Montana
$728K -$235K -6,678 -20%
Citadel Advisors
38
Citadel Advisors
Florida
$707K +$914K +25,983 New
Morgan Stanley
39
Morgan Stanley
New York
$596K -$812K -23,107 -51%
Charles Schwab
40
Charles Schwab
California
$568K +$114K +3,230 +18%
VRS
41
Virginia Retirement Systems
Virginia
$561K +$724K +20,600 New
Two Sigma Advisers
42
Two Sigma Advisers
New York
$525K -$113K -3,200 -14%
Two Sigma Investments
43
Two Sigma Investments
New York
$516K +$297K +8,446 +80%
CS
44
Credit Suisse
Switzerland
$492K +$636K +18,083 New
MERSOM
45
Municipal Employees' Retirement System of Michigan
Michigan
$487K +$629K +17,890 New
Bank of America
46
Bank of America
North Carolina
$460K +$404K +11,486 +212%
OSAM
47
O'Shaughnessy Asset Management
Connecticut
$447K -$106K -3,027 -16%
First Trust Advisors
48
First Trust Advisors
Illinois
$428K +$99K +2,815 +22%
Swiss National Bank
49
Swiss National Bank
Switzerland
$419K +$541K +15,400 New
Goldman Sachs
50
Goldman Sachs
New York
$402K +$519K +14,761 New
1
2
3 4 5

TPB Hedge Fund Activity: Q4 2018 in Review

90 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2018, worth a combined $184M — down 23% from $238M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of TPB and 14 opened new positions — a net loss of 10 holders — while 27 trimmed existing stakes and 36 added.

The largest buyer was Thrivent Financial for Lutherans, adding an estimated $15.6M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $3.73M sold.

  • 90 institutional investors held Turning Point Brands (TPB) as of Q4 2018, down from 101 in Q3 2018.
  • Funds reported $184M of Turning Point Brands stock for Q4 2018, down 23% quarter-over-quarter.
  • 14 funds opened new Turning Point Brands positions in Q4 2018 and 24 closed out, a net change of -10 holders.
  • The largest Turning Point Brands buyer in Q4 2018 was Thrivent Financial for Lutherans, an estimated $15.6M added.
  • The largest Turning Point Brands seller in Q4 2018 was Lord, Abbett & Co, an estimated $3.73M sold.

Based on aggregated 13F filings for Q4 2018.