Turning Point Brands
133 hedge funds and large institutions have $524M invested in Turning Point Brands in 2022 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 51 increasing their positions, 37 reducing their positions, and 23 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 37
17% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 23
2% more funds holding
Funds holding: 130 → 133 (+3)
0.6% more ownership
Funds ownership: 83.91% → 84.51% (+0.6%)
13% less capital invested
Capital invested by funds: $599M → $524M (-$75.2M)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
32% less call options, than puts
Call options by funds: $1.86M | Put options by funds: $2.73M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RP
Repertoire Partners
New York
|
+$23.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$16.1M |
| 3 |
Millennium Management
New York
|
+$12.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$4.06M |
| 5 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$3.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$33.9M |
| 2 |
SG
Standard General
New York
|
-$23.5M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$10.3M |
| 4 |
NSGL
No Street GP LP
San Francisco,
California
|
-$5.67M |
| 5 |
MFP
Michael F. Price
|
-$5.57M |
TPB Hedge Fund Activity: Q1 2022 in Review
133 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q1 2022, worth a combined $524M — down 13% from $599M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new TPB positions and 23 closed out — a net gain of 4 holders — while 51 added to existing stakes and 37 trimmed.
The largest buyer was Repertoire Partners, adding an estimated $23.4M. The largest seller was Lord, Abbett & Co, cutting an estimated $33.9M.
- 133 institutional investors held Turning Point Brands (TPB) as of Q1 2022, up from 130 in Q4 2021.
- Funds reported $524M of Turning Point Brands stock for Q1 2022, down 13% quarter-over-quarter.
- 27 funds opened new Turning Point Brands positions in Q1 2022 and 23 closed out, a net change of +4 holders.
- The largest Turning Point Brands buyer in Q1 2022 was Repertoire Partners, an estimated $23.4M added.
- The largest Turning Point Brands seller in Q1 2022 was Lord, Abbett & Co, an estimated $33.9M sold.
Based on aggregated 13F filings for Q1 2022.