Turning Point Brands
TPB
55 hedge funds and large institutions have $57.6M invested in Turning Point Brands in 2017 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 2 closing their positions.
450% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 2
64% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 14
22% more capital invested
Capital invested by funds: $47.4M → $57.6M (+$10.2M)
20% more funds holding
Funds holding: 46 → 55 (+9)
1.41% more ownership
Funds ownership: 16.38% → 17.79% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Standard General
New York
|
+$3.22M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.34M |
| 3 |
ACM
Ativo Capital Management
Chicago,
Illinois
|
+$1.11M |
| 4 |
Renaissance Technologies
New York
|
+$304K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$304K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$2.33M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$422K |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$58.9K |
| 4 |
SIM
Spark Investment Management
New York
|
-$43.5K |
| 5 |
BlackRock
New York
|
-$38.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
BNP Paribas Financial Markets
Paris,
France
| $4.84K | -$5.48K | -340 | -54% |
|
52
Bank of America
Charlotte,
North Carolina
| $4K | -$2.93K | -182 | -44% |
|
|
CHP
53
Cable Hill Partners
Portland,
Oregon
| $3K | +$3.05K | +189 | New |
|
|
AG
54
Advisor Group
Phoenix,
Arizona
| $2K | – | – | – |
|
|
IWM
55
IHT Wealth Management
Chicago,
Illinois
| $1K | +$1.1K | +68 | New |
|
|
AIM
56
Acrospire Investment Management
Chicago,
Illinois
| – | -$21K | -1,368 | Closed |
|
|
PSUF
57
People's United Financial
Bridgeport,
Connecticut
| – | -$6K | -400 | Closed |
|
TPB Hedge Fund Activity: Q3 2017 in Review
55 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2017, worth a combined $57.6M — up 22% from $47.4M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new TPB positions and 2 closed out — a net gain of 9 holders — while 23 added to existing stakes and 14 trimmed.
The largest buyer was Standard General, adding an estimated $3.22M. The largest seller was Jennison Associates, cutting an estimated $2.33M.
- 55 institutional investors held Turning Point Brands (TPB) as of Q3 2017, up from 46 in Q2 2017.
- Funds reported $57.6M of Turning Point Brands stock for Q3 2017, up 22% quarter-over-quarter.
- 11 funds opened new Turning Point Brands positions in Q3 2017 and 2 closed out, a net change of +9 holders.
- The largest Turning Point Brands buyer in Q3 2017 was Standard General, an estimated $3.22M added.
- The largest Turning Point Brands seller in Q3 2017 was Jennison Associates, an estimated $2.33M sold.
Based on aggregated 13F filings for Q3 2017.