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Turning Point Brands
TPB

124 hedge funds and large institutions have $749M invested in Turning Point Brands in 2020 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 40 increasing their positions, 39 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

429% more call options, than puts

Call options by funds: $27.7M | Put options by funds: $5.23M

131% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 13

64% more capital invested

Capital invested by funds: $457M → $749M (+$293M)

14% more funds holding

Funds holding: 109 → 124 (+15)

1.98% more ownership

Funds ownership: 85.79% → 87.78% (+2%)

3% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 39

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

Holders
124
Holders Change
+15
Holders Change %
+13.76%
% of All Funds
2.19%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
30
Increased
40
Reduced
39
Closed
13
Calls
$27.7M
Puts
$5.23M
Net Calls
+$22.5M
Net Calls Change
+$1.05M

Top Buyers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$14.5M
2
CM
Caption Management
Oklahoma
+$6.29M
3
TA
Tamarack Advisers
California
+$6.23M
4
PVI
Pura Vida Investments
New York
+$4.93M
5
AIA
Avalon Investment & Advisory
Texas
+$3.38M

Top Sellers

1
SG
Standard General
New York
-$15.1M
2
FSCM
First Sabrepoint Capital Management
Texas
-$10.1M
3
NSGL
No Street GP LP
California
-$5.67M
4
DCM
DG Capital Management
New York
-$5.22M
5
NRCM
Northern Right Capital Management
Connecticut
-$3.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
26
DCF Advisers
Connecticut
$5.56M – – –
Neuberger Berman Group
27
Neuberger Berman Group
New York
$4.9M +$625K +16,540 +18%
AIA
28
Avalon Investment & Advisory
Texas
$3.98M +$3.38M +89,397 New
Renaissance Technologies
29
Renaissance Technologies
New York
$3.69M -$706K -18,685 -18%
Los Angeles Capital Management
30
Los Angeles Capital Management
California
$3.68M +$1.27M +33,600 +69%
KJHP
31
K.J. Harrison & Partners
Ontario, Canada
$3.6M +$2.24M +59,162 +273%
MPAM
32
Monarch Partners Asset Management
Massachusetts
$3.54M -$21.9K -581 -0.7%
Charles Schwab
33
Charles Schwab
California
$3.51M -$499K -13,215 -14%
PCM
34
PenderFund Capital Management
British Columbia, Canada
$3.13M +$2.08M +55,100 New
Jane Street
35
Jane Street
New York
$3.03M +$2.57M +67,983 New
Bank of New York Mellon
36
Bank of New York Mellon
New York
$2.77M +$16.5K +437 +0.7%
Morgan Stanley
37
Morgan Stanley
New York
$2.66M -$968K -25,611 -30%
PI
38
PEAK6 Investments
Illinois
$2.31M +$1.53M +40,399 +356%
PL
39
Parthenon LLC
Kentucky
$2.29M -$151K -4,000 -7%
Marshall Wace
40
Marshall Wace
United Kingdom
$2.27M -$1.54M -40,718 -44%
AQR Capital Management
41
AQR Capital Management
Connecticut
$2.26M -$165K -4,376 -8%
Citadel Advisors
42
Citadel Advisors
Florida
$2.21M -$714K -18,907 -28%
WSL
43
Western Standard LLC
California
$2.2M +$22.7K +600 +1%
Mackenzie Financial
44
Mackenzie Financial
Ontario, Canada
$2.11M +$1.79M +47,349 New
N
45
Nuveen
North Carolina
$1.82M -$50.1K -1,327 -3%
Wolverine Trading
46
Wolverine Trading
Illinois
$1.59M +$1.34M +35,567 New
Wells Fargo
47
Wells Fargo
California
$1.27M +$184K +4,881 +21%
Arrowstreet Capital
48
Arrowstreet Capital
Massachusetts
$1.24M +$1.05M +27,733 New
Swiss National Bank
49
Swiss National Bank
Switzerland
$1.17M – – –
PPA
50
Parametric Portfolio Associates
Washington
$1.11M +$938K +24,827 New
1
2
3 4 5

TPB Hedge Fund Activity: Q4 2020 in Review

124 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2020, worth a combined $749M — up 64% from $457M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new TPB positions and 13 closed out — a net gain of 17 holders — while 40 added to existing stakes and 39 trimmed.

The largest buyer was Lord, Abbett & Co, opening a new position worth an estimated $14.5M. The largest seller was Standard General, cutting an estimated $15.1M.

  • 124 institutional investors held Turning Point Brands (TPB) as of Q4 2020, up from 109 in Q3 2020.
  • Funds reported $749M of Turning Point Brands stock for Q4 2020, up 64% quarter-over-quarter.
  • 30 funds opened new Turning Point Brands positions in Q4 2020 and 13 closed out, a net change of +17 holders.
  • The largest Turning Point Brands buyer in Q4 2020 was Lord, Abbett & Co, an estimated $14.5M added.
  • The largest Turning Point Brands seller in Q4 2020 was Standard General, an estimated $15.1M sold.

Based on aggregated 13F filings for Q4 2020.