Turning Point Brands
80 hedge funds and large institutions have $201M invested in Turning Point Brands in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 28 reducing their positions, and 15 closing their positions.
324% more call options, than puts
Call options by funds: $3.26M | Put options by funds: $769K
11% more capital invested
Capital invested by funds: $182M → $201M (+$19.2M)
0% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 28
2.64% less ownership
Funds ownership: 43.86% → 41.22% (-2.6%)
4% less funds holding
Funds holding: 83 → 80 (-3)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
Top Buyers
Top Sellers
| 1 |
Millennium Management
New York
|
-$6.58M |
| 2 |
SG
Standard General
New York
|
-$3.37M |
| 3 |
Morgan Stanley
New York
|
-$3.09M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$1.9M |
| 5 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
-$1.27M |
TPB Hedge Fund Activity: Q2 2020 in Review
80 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2020, worth a combined $201M — up 11% from $182M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of TPB and 12 opened new positions — a net loss of 3 holders — while 28 trimmed existing stakes and 28 added.
The largest buyer was Northern Right Capital Management, adding an estimated $2.33M. The largest seller was Millennium Management, exiting entirely with an estimated $6.58M sold.
- 80 institutional investors held Turning Point Brands (TPB) as of Q2 2020, down from 83 in Q1 2020.
- Funds reported $201M of Turning Point Brands stock for Q2 2020, up 11% quarter-over-quarter.
- 12 funds opened new Turning Point Brands positions in Q2 2020 and 15 closed out, a net change of -3 holders.
- The largest Turning Point Brands buyer in Q2 2020 was Northern Right Capital Management, an estimated $2.33M added.
- The largest Turning Point Brands seller in Q2 2020 was Millennium Management, an estimated $6.58M sold.
Based on aggregated 13F filings for Q2 2020.