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Turning Point Brands
TPB

109 hedge funds and large institutions have $343M invested in Turning Point Brands in 2019 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 40 increasing their positions, 26 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 26

47% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 17

22% more capital invested

Capital invested by funds: $281M → $343M (+$62.6M)

5% more funds holding

Funds holding: 104 → 109 (+5)

4.67% more ownership

Funds ownership: 31.13% → 35.81% (+4.7%)

10% more call options, than puts

Call options by funds: $16.2M | Put options by funds: $14.8M

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
109
Holders Change
+5
Holders Change %
+4.81%
% of All Funds
2.37%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
25
Increased
40
Reduced
26
Closed
17
Calls
$16.2M
Puts
$14.8M
Net Calls
+$1.45M
Net Calls Change
-$19.5M

Top Buyers

1
EMG
ETF Managers Group
New Jersey
+$17.3M
2
PCM
Portolan Capital Management
Massachusetts
+$10.9M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$6.98M
4
N
Nuveen
North Carolina
+$4.61M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$4.6M

Top Sellers

1
IECM
Intrinsic Edge Capital Management
Illinois
-$6.24M
2
Renaissance Technologies
Renaissance Technologies
New York
-$5.33M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
-$3.24M
4
WCM
Wedge Capital Management
North Carolina
-$1.64M
5
ZIM
Zacks Investment Management
Illinois
-$1.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
Neuberger Berman Group
26
Neuberger Berman Group
New York
$2.6M +$964K +20,000 +61%
CCM
27
Cadence Capital Management
Massachusetts
$2.33M -$80.9K -1,678 -3%
JP Morgan Chase
28
JP Morgan Chase
New York
$2.27M +$1.45M +30,167 +174%
Squarepoint
29
Squarepoint
New York
$2.14M +$2.1M +43,608 New
Wells Fargo
30
Wells Fargo
California
$2.12M -$190K -3,931 -8%
First Trust Advisors
31
First Trust Advisors
Illinois
$1.94M +$1.15M +23,757 +150%
Lazard Asset Management
32
Lazard Asset Management
New York
$1.93M – – –
BIM
33
Bogle Investment Management
Massachusetts
$1.78M +$1.75M +36,279 New
CM
34
Caption Management
Oklahoma
$1.73M +$1.7M +35,300 New
PM
35
Precept Management
Texas
$1.32M -$1.21M -25,000 -48%
Allianz Asset Management
36
Allianz Asset Management
Germany
$1.27M -$973K -20,183 -44%
Two Sigma Advisers
37
Two Sigma Advisers
New York
$1.26M +$328K +6,800 +36%
DADC
38
D.A. Davidson & Co
Montana
$1.25M -$33.9K -704 -3%
OAM
39
Oberweis Asset Management
Illinois
$1.18M +$1.16M +24,100 New
VRS
40
Virginia Retirement Systems
Virginia
$1.08M +$14.5K +300 +1%
Swiss National Bank
41
Swiss National Bank
Switzerland
$1.07M +$280K +5,800 +36%
CSS
42
Cubist Systematic Strategies
Connecticut
$1.02M +$701K +14,541 +228%
Charles Schwab
43
Charles Schwab
California
$980K -$25.6K -530 -3%
Goldman Sachs
44
Goldman Sachs
New York
$976K +$477K +9,896 +99%
EGM
45
Engineers Gate Manager
New York
$956K +$64K +1,327 +7%
Jane Street
46
Jane Street
New York
$905K +$891K +18,471 New
LSC
47
Lyon Street Capital
California
$804K +$48.2K +1,000 +6%
Wolverine Trading
48
Wolverine Trading
Illinois
$781K -$7.91K -164 -1%
GECH
49
Garnet Equity Capital Holdings
New York
$735K +$723K +15,000 New
EVM
50
Eaton Vance Management
Massachusetts
$720K – – –
1
2
3 4 5

TPB Hedge Fund Activity: Q2 2019 in Review

109 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2019, worth a combined $343M — up 22% from $281M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new TPB positions and 17 closed out — a net gain of 8 holders — while 40 added to existing stakes and 26 trimmed.

The largest buyer was ETF Managers Group, opening a new position worth an estimated $17.3M. The largest seller was Intrinsic Edge Capital Management, exiting entirely with an estimated $6.24M sold.

  • 109 institutional investors held Turning Point Brands (TPB) as of Q2 2019, up from 104 in Q1 2019.
  • Funds reported $343M of Turning Point Brands stock for Q2 2019, up 22% quarter-over-quarter.
  • 25 funds opened new Turning Point Brands positions in Q2 2019 and 17 closed out, a net change of +8 holders.
  • The largest Turning Point Brands buyer in Q2 2019 was ETF Managers Group, an estimated $17.3M added.
  • The largest Turning Point Brands seller in Q2 2019 was Intrinsic Edge Capital Management, an estimated $6.24M sold.

Based on aggregated 13F filings for Q2 2019.