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Turning Point Brands
TPB

114 hedge funds and large institutions have $332M invested in Turning Point Brands in 2022 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 49 increasing their positions, 32 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

235% more call options, than puts

Call options by funds: $231K | Put options by funds: $69K

89% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 9

53% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 32

6% more funds holding

Funds holding: 108 → 114 (+6)

1.77% more ownership

Funds ownership: 87.81% → 89.58% (+1.8%)

2% more capital invested

Capital invested by funds: $324M → $332M (+$7.69M)

60% less funds holding in top 10

Funds holding in top 10: 5 → 2 (-3)

Holders
114
Holders Change
+6
Holders Change %
+5.56%
% of All Funds
1.83%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.03%
New
17
Increased
49
Reduced
32
Closed
9
Calls
$231K
Puts
$69K
Net Calls
+$162K
Net Calls Change
+$1.02M

Top Buyers

1
JFG
Jefferies Financial Group
New York
+$15M
2
Marshall Wace
Marshall Wace
United Kingdom
+$6.99M
3
Millennium Management
Millennium Management
New York
+$6.11M
4
UBS Group
UBS Group
Switzerland
+$4.37M
5
GCM
Ghisallo Capital Management
Massachusetts
+$3.76M

Top Sellers

1
SG
Standard General
New York
-$33.3M
2
DCM
DG Capital Management
New York
-$15M
3
RP
Repertoire Partners
New York
-$5.66M
4
FSCM
First Sabrepoint Capital Management
Texas
-$2.22M
5
WSL
Western Standard LLC
California
-$1.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
26
Citadel Advisors
Florida
$2.79M +$568K +26,733 +26%
Northern Trust
27
Northern Trust
Illinois
$2.77M -$43K -2,026 -2%
TA
28
Tamarack Advisers
California
$2.7M -$850K -40,000 -24%
Renaissance Technologies
29
Renaissance Technologies
New York
$2.69M -$57.4K -2,700 -2%
ECP
30
Epacria Capital Partners
Colorado
$2.55M +$2.5M +117,780 New
Charles Schwab
31
Charles Schwab
California
$2.41M +$18.1K +854 +0.8%
Goldman Sachs
32
Goldman Sachs
New York
$2.22M +$994K +46,787 +84%
Barclays
33
Barclays
United Kingdom
$2.19M -$490K -23,047 -19%
BFM
34
Boothbay Fund Management
New York
$2.18M +$1.4M +65,761 +188%
Federated Hermes
35
Federated Hermes
Pennsylvania
$2.06M +$652K +30,666 +47%
DA
36
DCF Advisers
Connecticut
$1.8M -$36.6K -1,723 -2%
AG
37
Algert Global
California
$1.68M +$307K +14,442 +23%
AQR Capital Management
38
AQR Capital Management
Connecticut
$1.65M -$21.8K -1,025 -1%
Norges Bank
39
Norges Bank
Norway
$1.59M +$1.56M +73,400 New
Teacher Retirement System of Texas
40
Teacher Retirement System of Texas
Texas
$1.52M -$186K -8,743 -11%
M&T Bank
41
M&T Bank
New York
$1.48M +$402K +18,938 +38%
SG
42
Standard General
New York
$1.44M -$33.3M -1,569,056 -96%
Fidelity Investments
43
Fidelity Investments
Massachusetts
$1.41M +$1.74K +82 +0.1%
Allspring Global Investments
44
Allspring Global Investments
North Carolina
$1.32M +$47.8K +2,249 +4%
FFBTD
45
First Financial Bank - Trust Division
Ohio
$1.19M – – –
PL
46
Parthenon LLC
Kentucky
$1.12M – – –
AC
47
Aristides Capital
Kentucky
$1.09M +$1.07M +50,428 New
Man Group
48
Man Group
United Kingdom
$962K -$111K -5,239 -11%
LSV Asset Management
49
LSV Asset Management
Illinois
$947K +$931K +43,800 New
N
50
Nuveen
North Carolina
$946K -$364K -17,120 -28%
1
2
3 4 5

TPB Hedge Fund Activity: Q4 2022 in Review

114 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2022, worth a combined $332M — up 2.4% from $324M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new TPB positions and 9 closed out — a net gain of 8 holders — while 49 added to existing stakes and 32 trimmed.

The largest buyer was Jefferies Financial Group, opening a new position worth an estimated $15M. The largest seller was Standard General, cutting an estimated $33.3M.

  • 114 institutional investors held Turning Point Brands (TPB) as of Q4 2022, up from 108 in Q3 2022.
  • Funds reported $332M of Turning Point Brands stock for Q4 2022, up 2.4% quarter-over-quarter.
  • 17 funds opened new Turning Point Brands positions in Q4 2022 and 9 closed out, a net change of +8 holders.
  • The largest Turning Point Brands buyer in Q4 2022 was Jefferies Financial Group, an estimated $15M added.
  • The largest Turning Point Brands seller in Q4 2022 was Standard General, an estimated $33.3M sold.

Based on aggregated 13F filings for Q4 2022.