Turning Point Brands
TPB
90 hedge funds and large institutions have $253M invested in Turning Point Brands in 2019 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 34 reducing their positions, and 27 closing their positions.
36% more call options, than puts
Call options by funds: $8.7M | Put options by funds: $6.42M
26% more capital invested
Capital invested by funds: $201M → $253M (+$51.8M)
0.63% more ownership
Funds ownership: 44.29% → 44.92% (+0.63%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
11% less funds holding
Funds holding: 101 → 90 (-11)
18% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 34
41% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 27
Top Buyers
| 1 |
BCM
Brigade Capital Management
New York
|
+$8.17M |
| 2 |
EMG
ETF Managers Group
Summit,
New Jersey
|
+$7.76M |
| 3 |
PGM
Parian Global Management
Pound Ridge,
New York
|
+$6.02M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$4.37M |
| 5 |
IM
Islet Management
New York
|
+$3.88M |
Top Sellers
| 1 |
Citadel Advisors
Miami,
Florida
|
-$4.28M |
| 2 |
Renaissance Technologies
New York
|
-$4M |
| 3 |
SG Americas Securities
New York
|
-$3.63M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$3.31M |
| 5 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
-$3.02M |
TPB Hedge Fund Activity: Q4 2019 in Review
90 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2019, worth a combined $253M — up 26% from $201M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of TPB and 16 opened new positions — a net loss of 11 holders — while 34 trimmed existing stakes and 28 added.
The largest buyer was Brigade Capital Management, opening a new position worth an estimated $8.17M. The largest seller was Citadel Advisors, cutting an estimated $4.28M.
- 90 institutional investors held Turning Point Brands (TPB) as of Q4 2019, down from 101 in Q3 2019.
- Funds reported $253M of Turning Point Brands stock for Q4 2019, up 26% quarter-over-quarter.
- 16 funds opened new Turning Point Brands positions in Q4 2019 and 27 closed out, a net change of -11 holders.
- The largest Turning Point Brands buyer in Q4 2019 was Brigade Capital Management, an estimated $8.17M added.
- The largest Turning Point Brands seller in Q4 2019 was Citadel Advisors, an estimated $4.28M sold.
Based on aggregated 13F filings for Q4 2019.