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Turning Point Brands

131 hedge funds and large institutions have $726M invested in Turning Point Brands in 2021 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 58 increasing their positions, 37 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 37

8% less call options, than puts

Call options by funds: $6.84M | Put options by funds: $7.43M

6.33% less ownership

Funds ownership: 89.84%83.52% (-6.3%)

7% less funds holding

Funds holding: 141131 (-10)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

19% less capital invested

Capital invested by funds: $894M → $726M (-$168M)

40% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 25

Holders
131
Holders Change
-10
Holders Change %
-7.09%
% of All Funds
2.28%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.1%
New
15
Increased
58
Reduced
37
Closed
25
Calls
$6.84M
Puts
$7.43M
Net Calls
-$589K
Net Calls Change
-$13.5M
Name Holding Trade Value Shares
Change
Change in
Stake
QC
76
Quadrature Capital
United Kingdom
$425K +$109K +2,364 +34%
SFI
77
Susquehanna Fundamental Investments
Pennsylvania
$410K -$440K -9,526 -52%
VOYA Investment Management
78
VOYA Investment Management
Georgia
$400K +$154K +3,324 +61%
Deutsche Bank
79
Deutsche Bank
Germany
$396K -$1.48M -32,063 -79%
Manulife (Manufacturers Life Insurance)
80
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$396K +$80.4K +1,739 +25%
CS
81
Credit Suisse
Switzerland
$365K -$100K -2,169 -21%
SFO
82
Stokes Family Office
Louisiana
$364K +$92 +2 +0%
AIM
83
Anchor Investment Management
South Carolina
$358K -$7.63K -165 -2%
AIM
84
Aigen Investment Management
New York
$347K -$80.3K -1,737 -19%
OQS
85
Occudo Quantitative Strategies
Florida
$340K +$344K +7,438 New
WG
86
Winton Group
United Kingdom
$338K +$62.6K +1,353 +22%
MSL
87
Mackay Shields LLC
New York
$311K
AA
88
ALPS Advisors
Colorado
$304K
State of Wisconsin Investment Board
89
State of Wisconsin Investment Board
Wisconsin
$302K
AllianceBernstein
90
AllianceBernstein
Tennessee
$284K
PP
91
PDT Partners
New York
$276K +$20.8K +449 +8%
AI
92
AdvisorShares Investments
Maryland
$262K -$439K -9,500 -62%
MIM
93
MetLife Investment Management
New Jersey
$257K +$66.7K +1,443 +35%
Victory Capital Management
94
Victory Capital Management
Texas
$254K +$9.94K +215 +4%
MAM
95
Martingale Asset Management
Massachusetts
$249K +$64.7K +1,400 +35%
UBS AM
96
UBS AM
Illinois
$243K +$49.8K +1,076 +25%
PPA
97
Parametric Portfolio Associates
Washington
$237K -$426K -9,223 -64%
SSA
98
Schonfeld Strategic Advisors
New York
$220K +$222K +4,800 New
EGM
99
Engineers Gate Manager
New York
$215K -$747K -16,161 -77%
CANY
100
Caxton Associates (New York)
New York
$205K +$207K +4,485 New

TPB Hedge Fund Activity: Q2 2021 in Review

131 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2021, worth a combined $726M — down 19% from $894M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of TPB and 15 opened new positions — a net loss of 10 holders — while 37 trimmed existing stakes and 58 added.

The largest buyer was Steamboat Capital Partners, opening a new position worth an estimated $14M. The largest seller was Standard General, cutting an estimated $40.7M.

  • 131 institutional investors held Turning Point Brands (TPB) as of Q2 2021, down from 141 in Q1 2021.
  • Funds reported $726M of Turning Point Brands stock for Q2 2021, down 19% quarter-over-quarter.
  • 15 funds opened new Turning Point Brands positions in Q2 2021 and 25 closed out, a net change of -10 holders.
  • The largest Turning Point Brands buyer in Q2 2021 was Steamboat Capital Partners, an estimated $14M added.
  • The largest Turning Point Brands seller in Q2 2021 was Standard General, an estimated $40.7M sold.

Based on aggregated 13F filings for Q2 2021.