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Turning Point Brands

104 hedge funds and large institutions have $281M invested in Turning Point Brands in 2019 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 28 increasing their positions, 35 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

595% more call options, than puts

Call options by funds: $24.5M | Put options by funds: $3.53M

100% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 14

53% more capital invested

Capital invested by funds: $184M → $281M (+$96.9M)

16% more funds holding

Funds holding: 90104 (+14)

3.36% less ownership

Funds ownership: 34.49%31.13% (-3.4%)

20% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 35

50% less funds holding in top 10

Funds holding in top 10: 42 (-2)

Holders
104
Holders Change
+14
Holders Change %
+15.56%
% of All Funds
2.25%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.04%
New
28
Increased
28
Reduced
35
Closed
14
Calls
$24.5M
Puts
$3.53M
Net Calls
+$21M
Net Calls Change
+$20.3M
Name Holding Trade Value Shares
Change
Change in
Stake
PI
26
PEAK6 Investments
Illinois
$1.87M +$1.55M +40,507 New
Lazard Asset Management
27
Lazard Asset Management
New York
$1.81M
MSL
28
Mackay Shields LLC
New York
$1.77M -$598K -15,600 -29%
AQR Capital Management
29
AQR Capital Management
Connecticut
$1.69M -$321K -8,368 -19%
WCM
30
Wedge Capital Management
North Carolina
$1.64M +$211K +5,502 +18%
SG Americas Securities
31
SG Americas Securities
New York
$1.6M +$105K +2,735 +9%
Neuberger Berman Group
32
Neuberger Berman Group
New York
$1.52M
ZIM
33
Zacks Investment Management
Illinois
$1.52M -$1.77M -46,315 -58%
DADC
34
D.A. Davidson & Co
Montana
$1.21M -$17.7K -461 -2%
BCM
35
Brigade Capital Management
New York
$1.18M -$188K -4,900 -16%
Citadel Advisors
36
Citadel Advisors
Florida
$1.14M -$48.1K -1,255 -5%
Two Sigma Investments
37
Two Sigma Investments
New York
$1.05M +$146K +3,804 +20%
VRS
38
Virginia Retirement Systems
Virginia
$1M +$42.1K +1,100 +5%
Deutsche Bank
39
Deutsche Bank
Germany
$962K -$3.82M -99,743 -83%
Charles Schwab
40
Charles Schwab
California
$946K -$11.9K -310 -1%
Two Sigma Advisers
41
Two Sigma Advisers
New York
$876K -$11.5K -300 -2%
EGM
42
Engineers Gate Manager
New York
$839K +$697K +18,197 New
D.E. Shaw & Co
43
D.E. Shaw & Co
New York
$837K +$171K +4,469 +33%
MERSOM
44
Municipal Employees' Retirement System of Michigan
Michigan
$825K
JP Morgan Chase
45
JP Morgan Chase
New York
$797K -$2.96M -77,393 -82%
Wolverine Trading
46
Wolverine Trading
Illinois
$742K +$617K +16,106 New
Swiss National Bank
47
Swiss National Bank
Switzerland
$737K +$23K +600 +4%
First Trust Advisors
48
First Trust Advisors
Illinois
$728K +$2.95K +77 +0.5%
LSC
49
Lyon Street Capital
California
$710K +$590K +15,408 New
EVM
50
Eaton Vance Management
Massachusetts
$678K

TPB Hedge Fund Activity: Q1 2019 in Review

104 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q1 2019, worth a combined $281M — up 53% from $184M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new TPB positions and 14 closed out — a net gain of 14 holders — while 28 added to existing stakes and 35 trimmed.

The largest buyer was Intrinsic Edge Capital Management, opening a new position worth an estimated $5.19M. The largest seller was First Sabrepoint Capital Management, cutting an estimated $14.2M.

  • 104 institutional investors held Turning Point Brands (TPB) as of Q1 2019, up from 90 in Q4 2018.
  • Funds reported $281M of Turning Point Brands stock for Q1 2019, up 53% quarter-over-quarter.
  • 28 funds opened new Turning Point Brands positions in Q1 2019 and 14 closed out, a net change of +14 holders.
  • The largest Turning Point Brands buyer in Q1 2019 was Intrinsic Edge Capital Management, an estimated $5.19M added.
  • The largest Turning Point Brands seller in Q1 2019 was First Sabrepoint Capital Management, an estimated $14.2M sold.

Based on aggregated 13F filings for Q1 2019.