Turning Point Brands
83 hedge funds and large institutions have $182M invested in Turning Point Brands in 2020 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 29 reducing their positions, and 24 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 2 → 6 (+4)
35% more call options, than puts
Call options by funds: $1.63M | Put options by funds: $1.21M
1.05% less ownership
Funds ownership: 44.92% → 43.86% (-1.1%)
8% less funds holding
Funds holding: 90 → 83 (-7)
17% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 29
21% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 24
28% less capital invested
Capital invested by funds: $253M → $182M (-$70.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
+$7.46M |
| 2 |
DCM
DG Capital Management
New York
|
+$4.07M |
| 3 |
WSL
Western Standard LLC
Los Angeles,
California
|
+$3.72M |
| 4 |
NRCM
Northern Right Capital Management
Darien,
Connecticut
|
+$3.25M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$2.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PGM
Parian Global Management
Pound Ridge,
New York
|
-$9.73M |
| 2 |
IM
Islet Management
New York
|
-$4.43M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$2.71M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$1.82M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.75M |
TPB Hedge Fund Activity: Q1 2020 in Review
83 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q1 2020, worth a combined $182M — down 28% from $253M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of TPB and 19 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 24 added.
The largest buyer was First Sabrepoint Capital Management, adding an estimated $7.46M. The largest seller was Parian Global Management, exiting entirely with an estimated $9.73M sold.
- 83 institutional investors held Turning Point Brands (TPB) as of Q1 2020, down from 90 in Q4 2019.
- Funds reported $182M of Turning Point Brands stock for Q1 2020, down 28% quarter-over-quarter.
- 19 funds opened new Turning Point Brands positions in Q1 2020 and 24 closed out, a net change of -5 holders.
- The largest Turning Point Brands buyer in Q1 2020 was First Sabrepoint Capital Management, an estimated $7.46M added.
- The largest Turning Point Brands seller in Q1 2020 was Parian Global Management, an estimated $9.73M sold.
Based on aggregated 13F filings for Q1 2020.