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Turning Point Brands
TPB

109 hedge funds and large institutions have $457M invested in Turning Point Brands in 2020 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 40 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,470% more call options, than puts

Call options by funds: $22.9M | Put options by funds: $1.46M

483% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 6

127% more capital invested

Capital invested by funds: $201M → $457M (+$255M)

90% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 21

44.58% more ownership

Funds ownership: 41.22% → 85.79% (+45%)

36% more funds holding

Funds holding: 80 → 109 (+29)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

Holders
109
Holders Change
+29
Holders Change %
+36.25%
% of All Funds
2.2%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.1%
New
35
Increased
40
Reduced
21
Closed
6
Calls
$22.9M
Puts
$1.46M
Net Calls
+$21.4M
Net Calls Change
+$18.9M

Top Buyers

Rank Fund Capital Flow
1
SG
Standard General
New York
+$174M
2
NSGL
No Street GP LP
California
+$15.4M
3
DCM
Driehaus Capital Management
Illinois
+$11.2M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$6.54M
5
BlackRock
BlackRock
New York
+$6.07M

Top Sellers

Rank Fund Capital Flow
1
EMG
ETF Managers Group
New Jersey
-$6.57M
2
WSL
Western Standard LLC
California
-$3.71M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$2.59M
4
PI
Putnam Investments
Massachusetts
-$2.43M
5
Prudential Financial
Prudential Financial
New Jersey
-$1.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$2.38M +$1.58M +53,765 +170%
MPAM
27
Monarch Partners Asset Management
Massachusetts
$2.23M +$1.52M +51,693 +182%
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
$2.04M +$2.15M +72,979 New
Citadel Advisors
29
Citadel Advisors
Florida
$1.91M +$2.01M +68,381 New
Bank of New York Mellon
30
Bank of New York Mellon
New York
$1.72M +$163K +5,532 +10%
PL
31
Parthenon LLC
Kentucky
$1.54M +$176K +6,000 +12%
AQR Capital Management
32
AQR Capital Management
Connecticut
$1.54M – – –
Los Angeles Capital Management
33
Los Angeles Capital Management
California
$1.36M +$1.44M +48,900 New
WSL
34
Western Standard LLC
California
$1.36M -$3.71M -126,120 -72%
Prudential Financial
35
Prudential Financial
New Jersey
$1.32M -$1.26M -42,696 -47%
MWNA
36
Marshall Wace North America
New York
$1.24M +$359K +12,198 +38%
N
37
Nuveen
North Carolina
$1.18M +$398K +13,538 +47%
PVI
38
Pura Vida Investments
New York
$927K +$977K +33,238 New
PI
39
Putnam Investments
Massachusetts
$735K -$2.43M -82,652 -76%
Swiss National Bank
40
Swiss National Bank
Switzerland
$734K +$179K +6,100 +30%
Lazard Asset Management
41
Lazard Asset Management
New York
$722K -$1.15M -39,227 -60%
LSC
42
Lyon Street Capital
California
$711K +$750K +25,496 New
DC
43
Diametric Capital
Massachusetts
$700K +$738K +25,106 New
Wells Fargo
44
Wells Fargo
California
$658K +$50.4K +1,713 +8%
Two Sigma Advisers
45
Two Sigma Advisers
New York
$644K -$1.08M -36,700 -61%
SCM
46
Springhouse Capital Management
Connecticut
$643K +$678K +23,056 New
Squarepoint
47
Squarepoint
New York
$642K +$676K +23,005 New
KJHP
48
K.J. Harrison & Partners
Ontario, Canada
$604K +$636K +21,638 New
EGM
49
Engineers Gate Manager
New York
$576K +$607K +20,642 New
ACA
50
Aptus Capital Advisors
Alabama
$509K -$12.8K -434 -2%
1
2
3 4 5

TPB Hedge Fund Activity: Q3 2020 in Review

109 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2020, worth a combined $457M — up 127% from $201M a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new TPB positions and 6 closed out — a net gain of 29 holders — while 40 added to existing stakes and 21 trimmed.

The largest buyer was Standard General, adding an estimated $174M. The largest seller was ETF Managers Group, cutting an estimated $6.57M.

  • 109 institutional investors held Turning Point Brands (TPB) as of Q3 2020, up from 80 in Q2 2020.
  • Funds reported $457M of Turning Point Brands stock for Q3 2020, up 127% quarter-over-quarter.
  • 35 funds opened new Turning Point Brands positions in Q3 2020 and 6 closed out, a net change of +29 holders.
  • The largest Turning Point Brands buyer in Q3 2020 was Standard General, an estimated $174M added.
  • The largest Turning Point Brands seller in Q3 2020 was ETF Managers Group, an estimated $6.57M sold.

Based on aggregated 13F filings for Q3 2020.