Turning Point Brands
88 hedge funds and large institutions have $160M invested in Turning Point Brands in 2018 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 32 increasing their positions, 12 reducing their positions, and 7 closing their positions.
371% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 7
167% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 12
90% more capital invested
Capital invested by funds: $83.9M → $160M (+$75.8M)
42% more funds holding
Funds holding: 62 → 88 (+26)
4.75% more ownership
Funds ownership: 22.47% → 27.22% (+4.8%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$3.3M |
| 2 |
OCG
Opus Capital Group
Cincinnati,
Ohio
|
+$2.64M |
| 3 |
Renaissance Technologies
New York
|
+$2.25M |
| 4 |
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
|
+$2.06M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brigade Capital Management
New York
|
-$4.42M |
| 2 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$2.8M |
| 3 |
NRCM
Northern Right Capital Management
Darien,
Connecticut
|
-$2.12M |
| 4 |
SCP
Steamboat Capital Partners
Rye,
New York
|
-$1.45M |
| 5 |
ACM
Argent Capital Management
St Louis,
Missouri
|
-$834K |
TPB Hedge Fund Activity: Q2 2018 in Review
88 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2018, worth a combined $160M — up 90% from $83.9M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new TPB positions and 7 closed out — a net gain of 26 holders — while 32 added to existing stakes and 12 trimmed.
The largest buyer was BlackRock, adding an estimated $3.3M. The largest seller was Brigade Capital Management, cutting an estimated $4.42M.
- 88 institutional investors held Turning Point Brands (TPB) as of Q2 2018, up from 62 in Q1 2018.
- Funds reported $160M of Turning Point Brands stock for Q2 2018, up 90% quarter-over-quarter.
- 33 funds opened new Turning Point Brands positions in Q2 2018 and 7 closed out, a net change of +26 holders.
- The largest Turning Point Brands buyer in Q2 2018 was BlackRock, an estimated $3.3M added.
- The largest Turning Point Brands seller in Q2 2018 was Brigade Capital Management, an estimated $4.42M sold.
Based on aggregated 13F filings for Q2 2018.