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Turning Point Brands
TPB

116 hedge funds and large institutions have $336M invested in Turning Point Brands in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 43 increasing their positions, 36 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 11

19% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 36

4% more funds holding

Funds holding: 112 → 116 (+4)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2.31% less ownership

Funds ownership: 84.54% → 82.23% (-2.3%)

6% less capital invested

Capital invested by funds: $357M → $336M (-$21.4M)

77% less call options, than puts

Call options by funds: $394K | Put options by funds: $1.74M

Holders
116
Holders Change
+4
Holders Change %
+3.57%
% of All Funds
1.84%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
15
Increased
43
Reduced
36
Closed
11
Calls
$394K
Puts
$1.74M
Net Calls
-$1.35M
Net Calls Change
+$997K

Top Buyers

Rank Fund Capital Flow
1
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$3.14M
2
Prudential Financial
Prudential Financial
New Jersey
+$1.55M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$1.36M
4
American Century Companies
American Century Companies
Missouri
+$1.25M
5
BlackRock
BlackRock
New York
+$1.18M

Top Sellers

Rank Fund Capital Flow
1
DCM
DG Capital Management
New York
-$6.14M
2
2C
272 Capital
Texas
-$4.67M
3
Millennium Management
Millennium Management
New York
-$3.4M
4
BFM
Boothbay Fund Management
New York
-$2.9M
5
Barclays
Barclays
United Kingdom
-$1.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
Marshall Wace
26
Marshall Wace
United Kingdom
$3.1M -$823K -33,767 -20%
Charles Schwab
27
Charles Schwab
California
$3.06M +$330K +13,520 +11%
AG
28
Algert Global
California
$2.7M -$281K -11,510 -9%
ECP
29
Epacria Capital Partners
Colorado
$2.5M -$229K -9,380 -8%
AQR Capital Management
30
AQR Capital Management
Connecticut
$2.45M -$184K -7,559 -7%
LSV Asset Management
31
LSV Asset Management
Illinois
$2.45M – – –
Teacher Retirement System of Texas
32
Teacher Retirement System of Texas
Texas
$2.44M +$57.3K +2,351 +2%
SEI Investments
33
SEI Investments
Pennsylvania
$2.37M +$275K +11,301 +12%
Goldman Sachs
34
Goldman Sachs
New York
$2.1M -$49.7K -2,039 -2%
BFM
35
Boothbay Fund Management
New York
$2.06M -$2.9M -118,977 -57%
DA
36
DCF Advisers
Connecticut
$1.93M – – –
M&T Bank
37
M&T Bank
New York
$1.91M +$128K +5,234 +7%
Bank of America
38
Bank of America
North Carolina
$1.81M +$145K +5,966 +8%
Millennium Management
39
Millennium Management
New York
$1.7M -$3.4M -139,708 -65%
SG
40
Standard General
New York
$1.53M – – –
FFBTD
41
First Financial Bank - Trust Division
Ohio
$1.46M – – –
Squarepoint
42
Squarepoint
New York
$1.23M -$137K -5,631 -10%
PL
43
Parthenon LLC
Kentucky
$1.2M – – –
Man Group
44
Man Group
United Kingdom
$1.16M -$951K -39,002 Closed
Invesco
45
Invesco
Georgia
$1.06M +$194K +7,965 +21%
Federated Hermes
46
Federated Hermes
Pennsylvania
$1.06M -$487K -20,002 -30%
Citadel Advisors
47
Citadel Advisors
Florida
$1.06M -$569K -23,334 -34%
GCP
48
GSA Capital Partners
United Kingdom
$939K +$405K +16,627 +69%
HSBC Holdings
49
HSBC Holdings
United Kingdom
$923K +$50.4K +2,066 +5%
Swiss National Bank
50
Swiss National Bank
Switzerland
$884K – – –
1
2
3 4 5

TPB Hedge Fund Activity: Q3 2023 in Review

116 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2023, worth a combined $336M — down 6% from $357M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new TPB positions and 11 closed out — a net gain of 4 holders — while 43 added to existing stakes and 36 trimmed.

The largest buyer was Assenagon Asset Management, adding an estimated $3.14M. The largest seller was DG Capital Management, exiting entirely with an estimated $6.14M sold.

  • 116 institutional investors held Turning Point Brands (TPB) as of Q3 2023, up from 112 in Q2 2023.
  • Funds reported $336M of Turning Point Brands stock for Q3 2023, down 6% quarter-over-quarter.
  • 15 funds opened new Turning Point Brands positions in Q3 2023 and 11 closed out, a net change of +4 holders.
  • The largest Turning Point Brands buyer in Q3 2023 was Assenagon Asset Management, an estimated $3.14M added.
  • The largest Turning Point Brands seller in Q3 2023 was DG Capital Management, an estimated $6.14M sold.

Based on aggregated 13F filings for Q3 2023.