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Turning Point Brands

131 hedge funds and large institutions have $726M invested in Turning Point Brands in 2021 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 58 increasing their positions, 37 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 37

8% less call options, than puts

Call options by funds: $6.84M | Put options by funds: $7.43M

6.33% less ownership

Funds ownership: 89.84%83.52% (-6.3%)

7% less funds holding

Funds holding: 141131 (-10)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

19% less capital invested

Capital invested by funds: $894M → $726M (-$168M)

40% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 25

Holders
131
Holders Change
-10
Holders Change %
-7.09%
% of All Funds
2.28%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.1%
New
15
Increased
58
Reduced
37
Closed
25
Calls
$6.84M
Puts
$7.43M
Net Calls
-$589K
Net Calls Change
-$13.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Renaissance Technologies
26
Renaissance Technologies
New York
$6.01M +$3.31M +71,600 +120%
Millennium Management
27
Millennium Management
New York
$5.83M -$8.19M -177,213 -58%
DA
28
DCF Advisers
Connecticut
$5.59M
Neuberger Berman Group
29
Neuberger Berman Group
New York
$5.22M +$68.4K +1,480 +1%
ICM
30
Intrepid Capital Management
Florida
$4.95M +$1.09M +23,645 +28%
PVI
31
Pura Vida Investments
New York
$4.63M -$5.39M -116,484 -54%
Charles Schwab
32
Charles Schwab
California
$4.01M +$330K +7,145 +9%
NRCM
33
Northern Right Capital Management
Connecticut
$3.98M
BCM
34
Billings Capital Management
Virginia
$3.97M -$771K -16,674 -16%
Citadel Advisors
35
Citadel Advisors
Florida
$3.63M -$612K -13,240 -14%
Los Angeles Capital Management
36
Los Angeles Capital Management
California
$2.85M -$189K -4,090 -6%
Bank of New York Mellon
37
Bank of New York Mellon
New York
$2.75M +$136K +2,941 +5%
PCM
38
Penn Capital Management
Pennsylvania
$2.73M +$1.04M +22,537 +61%
Morgan Stanley
39
Morgan Stanley
New York
$2.58M -$5.7M -123,239 -69%
Mackenzie Financial
40
Mackenzie Financial
Ontario, Canada
$2.52M +$22.5K +486 +0.9%
Susquehanna International Group
41
Susquehanna International Group
Pennsylvania
$2.52M +$1.22M +26,299 +91%
BFM
42
Boothbay Fund Management
New York
$2.51M +$2.54M +54,830 New
PL
43
Parthenon LLC
Kentucky
$2.46M +$370K +8,000 +17%
ERSOT
44
Employees Retirement System of Texas
Texas
$2.33M +$2.36M +51,000 New
Two Sigma Investments
45
Two Sigma Investments
New York
$2.22M +$252K +5,439 +13%
Voloridge Investment Management
46
Voloridge Investment Management
Florida
$2.05M +$1.57M +33,999 +315%
N
47
Nuveen
North Carolina
$2M +$135K +2,910 +7%
SG Americas Securities
48
SG Americas Securities
New York
$1.45M -$2.55M -55,048 -63%
Swiss National Bank
49
Swiss National Bank
Switzerland
$1.45M -$60.1K -1,300 -4%
CIM
50
Cambria Investment Management
California
$1.32M +$130K +2,808 +11%

TPB Hedge Fund Activity: Q2 2021 in Review

131 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2021, worth a combined $726M — down 19% from $894M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of TPB and 15 opened new positions — a net loss of 10 holders — while 37 trimmed existing stakes and 58 added.

The largest buyer was Steamboat Capital Partners, opening a new position worth an estimated $14M. The largest seller was Standard General, cutting an estimated $40.7M.

  • 131 institutional investors held Turning Point Brands (TPB) as of Q2 2021, down from 141 in Q1 2021.
  • Funds reported $726M of Turning Point Brands stock for Q2 2021, down 19% quarter-over-quarter.
  • 15 funds opened new Turning Point Brands positions in Q2 2021 and 25 closed out, a net change of -10 holders.
  • The largest Turning Point Brands buyer in Q2 2021 was Steamboat Capital Partners, an estimated $14M added.
  • The largest Turning Point Brands seller in Q2 2021 was Standard General, an estimated $40.7M sold.

Based on aggregated 13F filings for Q2 2021.