Turning Point Brands
TPB
141 hedge funds and large institutions have $894M invested in Turning Point Brands in 2021 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 54 increasing their positions, 44 reducing their positions, and 11 closing their positions.
198% more call options, than puts
Call options by funds: $19.4M | Put options by funds: $6.52M
155% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 11
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
23% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 44
19% more capital invested
Capital invested by funds: $749M → $894M (+$145M)
14% more funds holding
Funds holding: 124 → 141 (+17)
2.07% more ownership
Funds ownership: 87.78% → 89.84% (+2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$35.3M |
| 2 |
EMG
ETF Managers Group
Summit,
New Jersey
|
+$32.1M |
| 3 |
Barclays
London,
United Kingdom
|
+$13M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$12.3M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$10.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Standard General
New York
|
-$99.7M |
| 2 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
-$8.2M |
| 3 |
NRCM
Northern Right Capital Management
Darien,
Connecticut
|
-$7.5M |
| 4 |
NSGL
No Street GP LP
San Francisco,
California
|
-$6.98M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$5.12M |
TPB Hedge Fund Activity: Q1 2021 in Review
141 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q1 2021, worth a combined $894M — up 19% from $749M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new TPB positions and 11 closed out — a net gain of 17 holders — while 54 added to existing stakes and 44 trimmed.
The largest buyer was Lord, Abbett & Co, adding an estimated $35.3M. The largest seller was Standard General, cutting an estimated $99.7M.
- 141 institutional investors held Turning Point Brands (TPB) as of Q1 2021, up from 124 in Q4 2020.
- Funds reported $894M of Turning Point Brands stock for Q1 2021, up 19% quarter-over-quarter.
- 28 funds opened new Turning Point Brands positions in Q1 2021 and 11 closed out, a net change of +17 holders.
- The largest Turning Point Brands buyer in Q1 2021 was Lord, Abbett & Co, an estimated $35.3M added.
- The largest Turning Point Brands seller in Q1 2021 was Standard General, an estimated $99.7M sold.
Based on aggregated 13F filings for Q1 2021.