Turning Point Brands
TPB
112 hedge funds and large institutions have $357M invested in Turning Point Brands in 2023 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 47 increasing their positions, 32 reducing their positions, and 14 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 32
36% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 14
4% more funds holding
Funds holding: 108 → 112 (+4)
5% more capital invested
Capital invested by funds: $340M → $357M (+$16.8M)
7.17% less ownership
Funds ownership: 91.71% → 84.54% (-7.2%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
72% less call options, than puts
Call options by funds: $902K | Put options by funds: $3.25M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$18.8M |
| 2 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$3.82M |
| 3 |
WSL
Western Standard LLC
Los Angeles,
California
|
+$3.31M |
| 4 |
SEI Investments
Oaks,
Pennsylvania
|
+$2.06M |
| 5 |
AC
Aristides Capital
Louisville,
Kentucky
|
+$2.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$19.3M |
| 2 |
RP
Repertoire Partners
New York
|
-$12.3M |
| 3 |
Millennium Management
New York
|
-$9.31M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.73M |
| 5 |
DCM
DG Capital Management
New York
|
-$5.3M |
TPB Hedge Fund Activity: Q2 2023 in Review
112 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2023, worth a combined $357M — up 4.9% from $340M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new TPB positions and 14 closed out — a net gain of 5 holders — while 47 added to existing stakes and 32 trimmed.
The largest buyer was American Century Companies, opening a new position worth an estimated $18.8M. The largest seller was UBS Group, cutting an estimated $19.3M.
- 112 institutional investors held Turning Point Brands (TPB) as of Q2 2023, up from 108 in Q1 2023.
- Funds reported $357M of Turning Point Brands stock for Q2 2023, up 4.9% quarter-over-quarter.
- 19 funds opened new Turning Point Brands positions in Q2 2023 and 14 closed out, a net change of +5 holders.
- The largest Turning Point Brands buyer in Q2 2023 was American Century Companies, an estimated $18.8M added.
- The largest Turning Point Brands seller in Q2 2023 was UBS Group, an estimated $19.3M sold.
Based on aggregated 13F filings for Q2 2023.