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Turning Point Brands
TPB

80 hedge funds and large institutions have $201M invested in Turning Point Brands in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 28 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

324% more call options, than puts

Call options by funds: $3.26M | Put options by funds: $769K

11% more capital invested

Capital invested by funds: $182M → $201M (+$19.2M)

0% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 28

2.64% less ownership

Funds ownership: 43.86% → 41.22% (-2.6%)

4% less funds holding

Funds holding: 83 → 80 (-3)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

20% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 15

Holders
80
Holders Change
-3
Holders Change %
-3.61%
% of All Funds
1.64%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.1%
New
12
Increased
28
Reduced
28
Closed
15
Calls
$3.26M
Puts
$769K
Net Calls
+$2.49M
Net Calls Change
+$2.07M

Top Buyers

1
NRCM
Northern Right Capital Management
Connecticut
+$2.33M
2
Lazard Asset Management
Lazard Asset Management
New York
+$1.5M
3
GECH
Garnet Equity Capital Holdings
New York
+$888K
4
Renaissance Technologies
Renaissance Technologies
New York
+$696K
5
MPAM
Monarch Partners Asset Management
Massachusetts
+$652K

Top Sellers

1
Millennium Management
Millennium Management
New York
-$6.58M
2
SG
Standard General
New York
-$3.37M
3
Morgan Stanley
Morgan Stanley
New York
-$3.09M
4
Marshall Wace
Marshall Wace
United Kingdom
-$1.9M
5
FSCM
First Sabrepoint Capital Management
Texas
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
AQR Capital Management
26
AQR Capital Management
Connecticut
$1.37M -$7.74K -337 -0.6%
PL
27
Parthenon LLC
Kentucky
$1.23M +$162K +7,070 +17%
MWNA
28
Marshall Wace North America
New York
$806K – – –
Morgan Stanley
29
Morgan Stanley
New York
$786K -$3.09M -134,669 -81%
Renaissance Technologies
30
Renaissance Technologies
New York
$755K +$696K +30,300 New
N
31
Nuveen
North Carolina
$714K +$712 +31 +0.1%
MPAM
32
Monarch Partners Asset Management
Massachusetts
$707K +$652K +28,385 New
WG
33
Winton Group
United Kingdom
$676K +$96.5K +4,202 +18%
Two Sigma Investments
34
Two Sigma Investments
New York
$638K +$69.2K +3,014 +13%
Wells Fargo
35
Wells Fargo
California
$545K -$29.6K -1,290 -6%
Tudor Investment Corp
36
Tudor Investment Corp
Connecticut
$540K -$458K -19,967 -48%
Swiss National Bank
37
Swiss National Bank
Switzerland
$503K +$75.8K +3,300 +20%
AllianceBernstein
38
AllianceBernstein
Tennessee
$496K +$106K +4,600 +30%
ACA
39
Aptus Capital Advisors
Alabama
$465K +$429K +18,683 New
Invesco
40
Invesco
Georgia
$369K -$46K -2,003 -12%
EVM
41
Eaton Vance Management
Massachusetts
$366K – – –
RhumbLine Advisers
42
RhumbLine Advisers
Massachusetts
$361K +$70K +3,050 +27%
CSS
43
Cubist Systematic Strategies
Connecticut
$353K -$106K -4,609 -25%
AIM
44
Aigen Investment Management
New York
$342K -$342K -14,915 -52%
VRS
45
Virginia Retirement Systems
Virginia
$252K -$331K -14,400 -59%
AI
46
AdvisorShares Investments
Maryland
$247K -$28.4K -1,238 -11%
DA
47
DCF Advisers
Connecticut
$243K +$224K +9,750 New
AG
48
Algert Global
California
$240K -$60.6K -2,640 -22%
CIM
49
Cambria Investment Management
California
$226K +$208K +9,078 New
New York State Common Retirement Fund
50
New York State Common Retirement Fund
New York
$219K – – –
1
2
3 4

TPB Hedge Fund Activity: Q2 2020 in Review

80 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2020, worth a combined $201M — up 11% from $182M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of TPB and 12 opened new positions — a net loss of 3 holders — while 28 trimmed existing stakes and 28 added.

The largest buyer was Northern Right Capital Management, adding an estimated $2.33M. The largest seller was Millennium Management, exiting entirely with an estimated $6.58M sold.

  • 80 institutional investors held Turning Point Brands (TPB) as of Q2 2020, down from 83 in Q1 2020.
  • Funds reported $201M of Turning Point Brands stock for Q2 2020, up 11% quarter-over-quarter.
  • 12 funds opened new Turning Point Brands positions in Q2 2020 and 15 closed out, a net change of -3 holders.
  • The largest Turning Point Brands buyer in Q2 2020 was Northern Right Capital Management, an estimated $2.33M added.
  • The largest Turning Point Brands seller in Q2 2020 was Millennium Management, an estimated $6.58M sold.

Based on aggregated 13F filings for Q2 2020.