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Turning Point Brands
TPB

116 hedge funds and large institutions have $336M invested in Turning Point Brands in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 43 increasing their positions, 36 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 11

19% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 36

4% more funds holding

Funds holding: 112 → 116 (+4)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2.31% less ownership

Funds ownership: 84.54% → 82.23% (-2.3%)

6% less capital invested

Capital invested by funds: $357M → $336M (-$21.4M)

77% less call options, than puts

Call options by funds: $394K | Put options by funds: $1.74M

Holders
116
Holders Change
+4
Holders Change %
+3.57%
% of All Funds
1.84%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
15
Increased
43
Reduced
36
Closed
11
Calls
$394K
Puts
$1.74M
Net Calls
-$1.35M
Net Calls Change
+$997K

Top Buyers

1
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$3.14M
2
Prudential Financial
Prudential Financial
New Jersey
+$1.55M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$1.36M
4
American Century Companies
American Century Companies
Missouri
+$1.25M
5
BlackRock
BlackRock
New York
+$1.18M

Top Sellers

1
DCM
DG Capital Management
New York
-$6.14M
2
2C
272 Capital
Texas
-$4.67M
3
Millennium Management
Millennium Management
New York
-$3.4M
4
BFM
Boothbay Fund Management
New York
-$2.9M
5
Barclays
Barclays
United Kingdom
-$1.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
Walleye Capital
76
Walleye Capital
New York
$283K +$298K +12,247 New
T. Rowe Price Associates
77
T. Rowe Price Associates
Maryland
$269K +$283K +11,628 New
AllianceBernstein
78
AllianceBernstein
Tennessee
$266K -$4.87K -200 -2%
CIC
79
Cornercap Investment Counsel
Georgia
$261K -$3.14K -129 -1%
OQS
80
Occudo Quantitative Strategies
Florida
$257K -$177K -7,247 -39%
HF
81
HRT Financial
New York
$254K +$269K +11,036 New
Qube Research & Technologies (QRT)
82
Qube Research & Technologies (QRT)
United Kingdom
$246K +$260K +10,662 New
LTAS
83
Linden Thomas Advisory Services
North Carolina
$229K +$31.2K +1,279 +15%
MIM
84
MetLife Investment Management
New Jersey
$206K – – –
Mackenzie Financial
85
Mackenzie Financial
Ontario, Canada
$204K +$222K +9,102 New
XT
86
XTX Topco
Cayman Islands
$204K +$216K +8,847 New
PCM
87
Prelude Capital Management
New York
$202K +$213K +8,756 New
GCM
88
Graham Capital Management
Connecticut
$201K +$213K +8,726 New
AIG
89
American International Group
New York
$197K +$7.38K +303 +4%
Deutsche Bank
90
Deutsche Bank
Germany
$186K -$496K -20,357 -72%
New York State Common Retirement Fund
91
New York State Common Retirement Fund
New York
$159K – – –
ECM
92
Engine Capital Management
New York
$143K – – –
Zurich Cantonal Bank
93
Zurich Cantonal Bank
Switzerland
$90.3K – – –
Wells Fargo
94
Wells Fargo
California
$79.2K -$90.3K -3,706 -52%
ACM
95
Aquatic Capital Management
Illinois
$76K +$80.4K +3,300 New
SOW
96
State of Wyoming
Wyoming
$70.6K +$74.5K +3,057 New
AB
97
Amalgamated Bank
New York
$58K – – –
Royal Bank of Canada
98
Royal Bank of Canada
Ontario, Canada
$55K +$22.6K +929 +66%
Lazard Asset Management
99
Lazard Asset Management
New York
$35K +$9.31K +382 +33%
AIP
100
Ameritas Investment Partners
Nebraska
$32.7K – – –
2 3
4
5 6

TPB Hedge Fund Activity: Q3 2023 in Review

116 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2023, worth a combined $336M — down 6% from $357M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new TPB positions and 11 closed out — a net gain of 4 holders — while 43 added to existing stakes and 36 trimmed.

The largest buyer was Assenagon Asset Management, adding an estimated $3.14M. The largest seller was DG Capital Management, exiting entirely with an estimated $6.14M sold.

  • 116 institutional investors held Turning Point Brands (TPB) as of Q3 2023, up from 112 in Q2 2023.
  • Funds reported $336M of Turning Point Brands stock for Q3 2023, down 6% quarter-over-quarter.
  • 15 funds opened new Turning Point Brands positions in Q3 2023 and 11 closed out, a net change of +4 holders.
  • The largest Turning Point Brands buyer in Q3 2023 was Assenagon Asset Management, an estimated $3.14M added.
  • The largest Turning Point Brands seller in Q3 2023 was DG Capital Management, an estimated $6.14M sold.

Based on aggregated 13F filings for Q3 2023.