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Turning Point Brands

104 hedge funds and large institutions have $281M invested in Turning Point Brands in 2019 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 28 increasing their positions, 35 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

595% more call options, than puts

Call options by funds: $24.5M | Put options by funds: $3.53M

100% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 14

53% more capital invested

Capital invested by funds: $184M → $281M (+$96.9M)

16% more funds holding

Funds holding: 90104 (+14)

3.36% less ownership

Funds ownership: 34.49%31.13% (-3.4%)

20% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 35

50% less funds holding in top 10

Funds holding in top 10: 42 (-2)

Holders
104
Holders Change
+14
Holders Change %
+15.56%
% of All Funds
2.25%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.04%
New
28
Increased
28
Reduced
35
Closed
14
Calls
$24.5M
Puts
$3.53M
Net Calls
+$21M
Net Calls Change
+$20.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
51
Bank of America
North Carolina
$668K -$92.2K -2,407 -14%
TA
52
Teachers Advisors
New York
$644K
DTL
53
Dynamic Technology Lab
Singapore
$593K +$492K +12,856 New
WG
54
Winton Group
United Kingdom
$524K +$435K +11,359 New
JAM
55
Jupiter Asset Management
United Kingdom
$511K +$424K +11,080 New
RhumbLine Advisers
56
RhumbLine Advisers
Massachusetts
$496K +$24.3K +635 +6%
CANY
57
Caxton Associates (New York)
New York
$466K +$387K +10,109 New
Goldman Sachs
58
Goldman Sachs
New York
$462K -$181K -4,731 -32%
GCP
59
GSA Capital Partners
United Kingdom
$457K +$380K +9,908 New
PGIM
60
Pacific Global Investment Management
California
$427K +$38.1K +995 +12%
New York State Common Retirement Fund
61
New York State Common Retirement Fund
New York
$406K
PPA
62
Parametric Portfolio Associates
Washington
$358K -$13.2K -344 -4%
Federated Hermes
63
Federated Hermes
Pennsylvania
$317K -$102K -2,662 -28%
CG
64
Caprock Group
Idaho
$301K +$250K +6,520 New
CS
65
Credit Suisse
Switzerland
$296K -$446K -11,654 -64%
CSS
66
Cubist Systematic Strategies
Connecticut
$294K +$244K +6,381 New
AllianceBernstein
67
AllianceBernstein
Tennessee
$290K +$241K +6,300 New
ZCM
68
Zebra Capital Management
Connecticut
$281K +$233K +6,092 New
OSAM
69
O'Shaughnessy Asset Management
Connecticut
$280K -$396K -10,334 -63%
Victory Capital Management
70
Victory Capital Management
Texas
$256K -$180K -4,697 -46%
USAA
71
United Services Automobile Association
Texas
$253K +$210K +5,485 New
AIG
72
American International Group
New York
$236K -$3.18K -83 -2%
GC
73
Globeflex Capital
California
$228K -$1.32M -34,334 -87%
Voloridge Investment Management
74
Voloridge Investment Management
Florida
$226K +$188K +4,909 New
IAM
75
Integre Asset Management
New York
$201K +$167K +4,352 New

TPB Hedge Fund Activity: Q1 2019 in Review

104 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q1 2019, worth a combined $281M — up 53% from $184M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new TPB positions and 14 closed out — a net gain of 14 holders — while 28 added to existing stakes and 35 trimmed.

The largest buyer was Intrinsic Edge Capital Management, opening a new position worth an estimated $5.19M. The largest seller was First Sabrepoint Capital Management, cutting an estimated $14.2M.

  • 104 institutional investors held Turning Point Brands (TPB) as of Q1 2019, up from 90 in Q4 2018.
  • Funds reported $281M of Turning Point Brands stock for Q1 2019, up 53% quarter-over-quarter.
  • 28 funds opened new Turning Point Brands positions in Q1 2019 and 14 closed out, a net change of +14 holders.
  • The largest Turning Point Brands buyer in Q1 2019 was Intrinsic Edge Capital Management, an estimated $5.19M added.
  • The largest Turning Point Brands seller in Q1 2019 was First Sabrepoint Capital Management, an estimated $14.2M sold.

Based on aggregated 13F filings for Q1 2019.