Turning Point Brands
TPB
46 hedge funds and large institutions have $47.4M invested in Turning Point Brands in 2017 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 6 closing their positions.
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
5% more funds holding
Funds holding: 44 → 46 (+2)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
19% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 16
52.26% less ownership
Funds ownership: 68.64% → 16.38% (-52%)
76% less capital invested
Capital invested by funds: $202M → $47.4M (-$154M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Argent Capital Management
St Louis,
Missouri
|
+$2.66M |
| 2 |
SCP
Steamboat Capital Partners
Rye,
New York
|
+$2.17M |
| 3 |
NRCM
Northern Right Capital Management
Darien,
Connecticut
|
+$684K |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$542K |
| 5 |
SIM
Spark Investment Management
New York
|
+$499K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Standard General
New York
|
-$160M |
| 2 |
Jennison Associates
New York
|
-$2.32M |
| 3 |
WSL
Western Standard LLC
Los Angeles,
California
|
-$750K |
| 4 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$466K |
| 5 |
BlackRock
New York
|
-$413K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Acadian Asset Management
Boston,
Massachusetts
| – | -$102K | -6,530 | Closed |
|
52
UBS Group
Zurich,
Switzerland
| – | -$2K | -156 | Closed |
|
TPB Hedge Fund Activity: Q2 2017 in Review
46 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2017, worth a combined $47.4M — down 76% from $202M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new TPB positions and 6 closed out — a net gain of 2 holders — while 13 added to existing stakes and 16 trimmed.
The largest buyer was Argent Capital Management, opening a new position worth an estimated $2.66M. The largest seller was Standard General, cutting an estimated $160M.
- 46 institutional investors held Turning Point Brands (TPB) as of Q2 2017, up from 44 in Q1 2017.
- Funds reported $47.4M of Turning Point Brands stock for Q2 2017, down 76% quarter-over-quarter.
- 8 funds opened new Turning Point Brands positions in Q2 2017 and 6 closed out, a net change of +2 holders.
- The largest Turning Point Brands buyer in Q2 2017 was Argent Capital Management, an estimated $2.66M added.
- The largest Turning Point Brands seller in Q2 2017 was Standard General, an estimated $160M sold.
Based on aggregated 13F filings for Q2 2017.