Turning Point Brands
101 hedge funds and large institutions have $238M invested in Turning Point Brands in 2018 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 32 increasing their positions, 29 reducing their positions, and 15 closing their positions.
87% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 15
49% more capital invested
Capital invested by funds: $160M → $238M (+$78.2M)
15% more funds holding
Funds holding: 88 → 101 (+13)
10% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 29
2.49% more ownership
Funds ownership: 27.22% → 29.71% (+2.5%)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$22.6M |
| 2 |
Renaissance Technologies
New York
|
+$6.52M |
| 3 |
BlackRock
New York
|
+$5.83M |
| 4 |
SG
Standard General
New York
|
+$5.38M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$3.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
-$11.2M |
| 2 |
NRCM
Northern Right Capital Management
Darien,
Connecticut
|
-$8.91M |
| 3 |
Two Sigma Investments
New York
|
-$2.25M |
| 4 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$1.98M |
| 5 |
OCG
Opus Capital Group
Cincinnati,
Ohio
|
-$1.97M |
TPB Hedge Fund Activity: Q3 2018 in Review
101 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2018, worth a combined $238M — up 49% from $160M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new TPB positions and 15 closed out — a net gain of 13 holders — while 32 added to existing stakes and 29 trimmed.
The largest buyer was Thrivent Financial for Lutherans, opening a new position worth an estimated $22.6M. The largest seller was First Sabrepoint Capital Management, cutting an estimated $11.2M.
- 101 institutional investors held Turning Point Brands (TPB) as of Q3 2018, up from 88 in Q2 2018.
- Funds reported $238M of Turning Point Brands stock for Q3 2018, up 49% quarter-over-quarter.
- 28 funds opened new Turning Point Brands positions in Q3 2018 and 15 closed out, a net change of +13 holders.
- The largest Turning Point Brands buyer in Q3 2018 was Thrivent Financial for Lutherans, an estimated $22.6M added.
- The largest Turning Point Brands seller in Q3 2018 was First Sabrepoint Capital Management, an estimated $11.2M sold.
Based on aggregated 13F filings for Q3 2018.