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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
MIM
76
MetLife Investment Management
New Jersey
$184K
Barclays
77
Barclays
United Kingdom
$136K +$113K +2,952 New
MLICM
78
Metropolitan Life Insurance Company (MetLife)
New York
$130K
Simplex Trading
79
Simplex Trading
Illinois
$110K +$91.4K +2,387 New
Citigroup
80
Citigroup
New York
$104K +$19.9K +519 +30%
Canada Life
81
Canada Life
Manitoba, Canada
$91K
BNP Paribas Financial Markets
82
BNP Paribas Financial Markets
France
$77.5K +$64.4K +1,681 +168,100%
Legal & General Group
83
Legal & General Group
United Kingdom
$73K +$5.25K +137 +10%
CG
84
Cutler Group
California
$72K +$60.6K +1,581 New
TRCT
85
Tower Research Capital (TRC)
New York
$71K +$51.6K +1,348 +749%
LTFS
86
Ladenburg Thalmann Financial Services
Florida
$69K
TNBTD
87
Trustmark National Bank Trust Department
Mississippi
$46K
AIP
88
Ameritas Investment Partners
Nebraska
$31K +$7.62K +199 +43%
PAM
89
Panagora Asset Management
Massachusetts
$26K -$183K -4,775 -89%
MAM
90
Meeder Asset Management
Ohio
$24K +$16.3K +425 +500%
OIA
91
OneDigital Investment Advisors
Kansas
$18K -$23.2K -605 -60%
UBS Group
92
UBS Group
Switzerland
$16K -$31.9K -834 -71%
CCM
93
Copeland Capital Management
Pennsylvania
$15K -$1.99K -52 -13%
DWA
94
Dorsey Wright & Associates
California
$13K -$10.7K -279 -50%
TSW
95
Thompson Siegel & Walmsley
Virginia
$12K -$31.6K -826 -76%
PCP
96
Proficio Capital Partners
Massachusetts
$12K +$10.4K +271 New
SP
97
Summit Partners
Massachusetts
$11K -$8.85K -231 -49%
AG
98
Advisor Group
Arizona
$9K +$7.66K +200 New
Royal Bank of Canada
99
Royal Bank of Canada
Ontario, Canada
$8K +$2.15K +56 +51%
PCM
100
Prelude Capital Management
New York
$8K +$6.74K +176 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.