We are live on ! Find out more
TPB icon

Turning Point Brands
TPB

90 hedge funds and large institutions have $184M invested in Turning Point Brands in 2018 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more call options, than puts

Call options by funds: $1.13M | Put options by funds: $450K

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

33% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 27

4.78% more ownership

Funds ownership: 29.71% → 34.49% (+4.8%)

11% less funds holding

Funds holding: 101 → 90 (-11)

23% less capital invested

Capital invested by funds: $238M → $184M (-$54.1M)

42% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 24

Holders
90
Holders Change
-11
Holders Change %
-10.89%
% of All Funds
2.01%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.09%
New
14
Increased
36
Reduced
27
Closed
24
Calls
$1.13M
Puts
$450K
Net Calls
+$677K
Net Calls Change
-$492K

Top Buyers

1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$15.6M
2
FSCM
First Sabrepoint Capital Management
Texas
+$10.6M
3
EMG
ETF Managers Group
New Jersey
+$10.3M
4
Renaissance Technologies
Renaissance Technologies
New York
+$4.99M
5
Deutsche Bank
Deutsche Bank
Germany
+$2.59M

Top Sellers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$3.73M
2
American Century Companies
American Century Companies
Missouri
-$2.79M
3
OAM
Oxford Asset Management
United Kingdom
-$2.56M
4
Invesco
Invesco
Georgia
-$2.18M
5
OCG
Opus Capital Group
Ohio
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
CEP
101
Chicago Equity Partners
Illinois
– -$651K -15,700 Closed
SO
102
STRS Ohio
Ohio
– -$572K -13,800 Closed
CG
103
Caprock Group
Idaho
– -$325K -7,820 Closed
CIP
104
Convergence Investment Partners
Florida
– -$264K -6,361 Closed
O
105
OppenheimerFunds
New York
– -$246K -5,937 Closed
SRAM
106
Stone Ridge Asset Management
New York
– -$236K -5,700 Closed
ZCM
107
Zebra Capital Management
Connecticut
– -$229K -5,522 Closed
Barclays
108
Barclays
United Kingdom
– -$137K -3,315 Closed
FQ
109
First Quadrant
California
– -$130K -3,141 Closed
HFM
110
Harvest Fund Management
China
– -$109K -2,638 Closed
CIM
111
Chiron Investment Management
New York
– -$50K -1,200 Closed
New York State Teachers Retirement System (NYSTRS)
112
New York State Teachers Retirement System (NYSTRS)
New York
– -$29K -700 Closed
Macquarie Group
113
Macquarie Group
Australia
– -$3K -73 Closed
CG
114
Cutler Group
California
– -$1K -44 Closed
1 2 3 4
5

TPB Hedge Fund Activity: Q4 2018 in Review

90 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2018, worth a combined $184M — down 23% from $238M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of TPB and 14 opened new positions — a net loss of 10 holders — while 27 trimmed existing stakes and 36 added.

The largest buyer was Thrivent Financial for Lutherans, adding an estimated $15.6M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $3.73M sold.

  • 90 institutional investors held Turning Point Brands (TPB) as of Q4 2018, down from 101 in Q3 2018.
  • Funds reported $184M of Turning Point Brands stock for Q4 2018, down 23% quarter-over-quarter.
  • 14 funds opened new Turning Point Brands positions in Q4 2018 and 24 closed out, a net change of -10 holders.
  • The largest Turning Point Brands buyer in Q4 2018 was Thrivent Financial for Lutherans, an estimated $15.6M added.
  • The largest Turning Point Brands seller in Q4 2018 was Lord, Abbett & Co, an estimated $3.73M sold.

Based on aggregated 13F filings for Q4 2018.