Turning Point Brands
TPB
109 hedge funds and large institutions have $343M invested in Turning Point Brands in 2019 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 40 increasing their positions, 26 reducing their positions, and 17 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 26
47% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 17
22% more capital invested
Capital invested by funds: $281M → $343M (+$62.6M)
5% more funds holding
Funds holding: 104 → 109 (+5)
4.67% more ownership
Funds ownership: 31.13% → 35.81% (+4.7%)
10% more call options, than puts
Call options by funds: $16.2M | Put options by funds: $14.8M
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EMG
ETF Managers Group
Summit,
New Jersey
|
+$17.3M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$10.9M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$6.98M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$4.61M |
| 5 |
D.E. Shaw & Co
New York
|
+$4.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$6.24M |
| 2 |
Renaissance Technologies
New York
|
-$5.33M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
-$3.24M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$1.64M |
| 5 |
ZIM
Zacks Investment Management
Chicago,
Illinois
|
-$1.52M |
TPB Hedge Fund Activity: Q2 2019 in Review
109 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2019, worth a combined $343M — up 22% from $281M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new TPB positions and 17 closed out — a net gain of 8 holders — while 40 added to existing stakes and 26 trimmed.
The largest buyer was ETF Managers Group, opening a new position worth an estimated $17.3M. The largest seller was Intrinsic Edge Capital Management, exiting entirely with an estimated $6.24M sold.
- 109 institutional investors held Turning Point Brands (TPB) as of Q2 2019, up from 104 in Q1 2019.
- Funds reported $343M of Turning Point Brands stock for Q2 2019, up 22% quarter-over-quarter.
- 25 funds opened new Turning Point Brands positions in Q2 2019 and 17 closed out, a net change of +8 holders.
- The largest Turning Point Brands buyer in Q2 2019 was ETF Managers Group, an estimated $17.3M added.
- The largest Turning Point Brands seller in Q2 2019 was Intrinsic Edge Capital Management, an estimated $6.24M sold.
Based on aggregated 13F filings for Q2 2019.