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Turning Point Brands
TPB

124 hedge funds and large institutions have $749M invested in Turning Point Brands in 2020 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 40 increasing their positions, 39 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

429% more call options, than puts

Call options by funds: $27.7M | Put options by funds: $5.23M

131% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 13

64% more capital invested

Capital invested by funds: $457M → $749M (+$293M)

14% more funds holding

Funds holding: 109 → 124 (+15)

1.98% more ownership

Funds ownership: 85.79% → 87.78% (+2%)

3% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 39

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

Holders
124
Holders Change
+15
Holders Change %
+13.76%
% of All Funds
2.19%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
30
Increased
40
Reduced
39
Closed
13
Calls
$27.7M
Puts
$5.23M
Net Calls
+$22.5M
Net Calls Change
+$1.05M

Top Buyers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$14.5M
2
CM
Caption Management
Oklahoma
+$6.29M
3
TA
Tamarack Advisers
California
+$6.23M
4
PVI
Pura Vida Investments
New York
+$4.93M
5
AIA
Avalon Investment & Advisory
Texas
+$3.38M

Top Sellers

1
SG
Standard General
New York
-$15.1M
2
FSCM
First Sabrepoint Capital Management
Texas
-$10.1M
3
NSGL
No Street GP LP
California
-$5.67M
4
DCM
DG Capital Management
New York
-$5.22M
5
NRCM
Northern Right Capital Management
Connecticut
-$3.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCM
51
Penserra Capital Management
California
$1.1M +$935K +24,738 New
JCIA
52
Jackson Creek Investment Advisors
Colorado
$1.04M +$884K +23,404 New
ACA
53
Aptus Capital Advisors
Alabama
$968K +$131K +3,472 +19%
SG Americas Securities
54
SG Americas Securities
New York
$936K +$151K +4,004 +24%
MWNA
55
Marshall Wace North America
New York
$823K -$985K -26,062 -59%
CIM
56
Cambria Investment Management
California
$813K +$266K +7,038 +63%
APP
57
Alpha Paradigm Partners
Illinois
$766K +$649K +17,187 New
CSS
58
Cubist Systematic Strategies
Connecticut
$762K -$17.6K -466 -3%
Squarepoint
59
Squarepoint
New York
$751K -$233K -6,156 -27%
Goldman Sachs
60
Goldman Sachs
New York
$731K -$41.9K -1,109 -6%
AI
61
AdvisorShares Investments
Maryland
$698K -$42.3K -1,119 -7%
SFI
62
Susquehanna Fundamental Investments
Pennsylvania
$679K +$129K +3,412 +29%
EVM
63
Eaton Vance Management
Massachusetts
$655K – – –
CS
64
Credit Suisse
Switzerland
$617K +$225K +5,947 +75%
AllianceBernstein
65
AllianceBernstein
Tennessee
$584K -$102K -2,700 -17%
RhumbLine Advisers
66
RhumbLine Advisers
Massachusetts
$583K +$58.6K +1,552 +13%
AIM
67
Aigen Investment Management
New York
$570K +$104K +2,752 +27%
Two Sigma Investments
68
Two Sigma Investments
New York
$539K +$457K +12,096 New
TFA
69
Toth Financial Advisory
Virginia
$518K +$70.5K +1,865 +19%
New York State Common Retirement Fund
70
New York State Common Retirement Fund
New York
$504K +$94.5K +2,500 +28%
Group One Trading
71
Group One Trading
Illinois
$481K +$132K +3,498 +48%
Deutsche Bank
72
Deutsche Bank
Germany
$474K +$177K +4,696 +79%
JP Morgan Chase
73
JP Morgan Chase
New York
$471K +$19.9K +527 +5%
Invesco
74
Invesco
Georgia
$445K -$3.4K -90 -0.9%
IA
75
IndexIQ Advisors
New York
$442K +$38.7K +1,025 +12%
1 2
3
4 5

TPB Hedge Fund Activity: Q4 2020 in Review

124 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2020, worth a combined $749M — up 64% from $457M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new TPB positions and 13 closed out — a net gain of 17 holders — while 40 added to existing stakes and 39 trimmed.

The largest buyer was Lord, Abbett & Co, opening a new position worth an estimated $14.5M. The largest seller was Standard General, cutting an estimated $15.1M.

  • 124 institutional investors held Turning Point Brands (TPB) as of Q4 2020, up from 109 in Q3 2020.
  • Funds reported $749M of Turning Point Brands stock for Q4 2020, up 64% quarter-over-quarter.
  • 30 funds opened new Turning Point Brands positions in Q4 2020 and 13 closed out, a net change of +17 holders.
  • The largest Turning Point Brands buyer in Q4 2020 was Lord, Abbett & Co, an estimated $14.5M added.
  • The largest Turning Point Brands seller in Q4 2020 was Standard General, an estimated $15.1M sold.

Based on aggregated 13F filings for Q4 2020.