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Turning Point Brands
TPB

124 hedge funds and large institutions have $749M invested in Turning Point Brands in 2020 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 40 increasing their positions, 39 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

429% more call options, than puts

Call options by funds: $27.7M | Put options by funds: $5.23M

131% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 13

64% more capital invested

Capital invested by funds: $457M → $749M (+$293M)

14% more funds holding

Funds holding: 109 → 124 (+15)

1.98% more ownership

Funds ownership: 85.79% → 87.78% (+2%)

3% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 39

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

Holders
124
Holders Change
+15
Holders Change %
+13.76%
% of All Funds
2.19%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
30
Increased
40
Reduced
39
Closed
13
Calls
$27.7M
Puts
$5.23M
Net Calls
+$22.5M
Net Calls Change
+$1.05M

Top Buyers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$14.5M
2
CM
Caption Management
Oklahoma
+$6.29M
3
TA
Tamarack Advisers
California
+$6.23M
4
PVI
Pura Vida Investments
New York
+$4.93M
5
AIA
Avalon Investment & Advisory
Texas
+$3.38M

Top Sellers

1
SG
Standard General
New York
-$15.1M
2
FSCM
First Sabrepoint Capital Management
Texas
-$10.1M
3
NSGL
No Street GP LP
California
-$5.67M
4
DCM
DG Capital Management
New York
-$5.22M
5
NRCM
Northern Right Capital Management
Connecticut
-$3.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
101
UBS Group
Switzerland
$107K +$5.48K +145 +6%
FMP
102
Financial Management Professionals
Texas
$89K +$75.1K +1,988 New
BNP Paribas Financial Markets
103
BNP Paribas Financial Markets
France
$87.5K -$25.4K -673 -26%
Legal & General Group
104
Legal & General Group
United Kingdom
$74K – – –
TRCT
105
Tower Research Capital (TRC)
New York
$64K -$494K -13,074 -90%
AIM
106
Anchor Investment Management
South Carolina
$57.9K +$49.1K +1,300 New
Nisa Investment Advisors
107
Nisa Investment Advisors
Missouri
$53K – – –
Zurich Cantonal Bank
108
Zurich Cantonal Bank
Switzerland
$50K – – –
TSW
109
Thompson Siegel & Walmsley
Virginia
$49K – – –
AIP
110
Ameritas Investment Partners
Nebraska
$45K – – –
OSAM
111
O'Shaughnessy Asset Management
Connecticut
$35K +$17.8K +470 +145%
Canada Life
112
Canada Life
Manitoba, Canada
$32K – – –
PAM
113
Panagora Asset Management
Massachusetts
$26K – – –
Osaic Holdings
114
Osaic Holdings
Arizona
$17K -$39.8K -1,053 -72%
Federated Hermes
115
Federated Hermes
Pennsylvania
$13K +$11.1K +293 New
DWA
116
Dorsey Wright & Associates
California
$13K +$11.3K +300 New
Royal Bank of Canada
117
Royal Bank of Canada
Ontario, Canada
$10K +$2.38K +63 +36%
IA
118
IFP Advisors
Florida
$4K – – –
PFGIA
119
Patriot Financial Group Insurance Agency
Massachusetts
$4K – – –
US Bancorp
120
US Bancorp
Minnesota
$2K – – –
PA
121
Parallel Advisors
California
$1K +$453 +12 +92%
Fidelity Investments
122
Fidelity Investments
Massachusetts
$1K +$831 +22 New
AF
123
Allworth Financial
California
$1K +$1.02K +27 New
AIG
124
American International Group
New York
$307 -$7.48K -198 -3%
Prudential Financial
125
Prudential Financial
New Jersey
– -$1.32M -47,476 Closed
2 3 4
5
6

TPB Hedge Fund Activity: Q4 2020 in Review

124 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2020, worth a combined $749M — up 64% from $457M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new TPB positions and 13 closed out — a net gain of 17 holders — while 40 added to existing stakes and 39 trimmed.

The largest buyer was Lord, Abbett & Co, opening a new position worth an estimated $14.5M. The largest seller was Standard General, cutting an estimated $15.1M.

  • 124 institutional investors held Turning Point Brands (TPB) as of Q4 2020, up from 109 in Q3 2020.
  • Funds reported $749M of Turning Point Brands stock for Q4 2020, up 64% quarter-over-quarter.
  • 30 funds opened new Turning Point Brands positions in Q4 2020 and 13 closed out, a net change of +17 holders.
  • The largest Turning Point Brands buyer in Q4 2020 was Lord, Abbett & Co, an estimated $14.5M added.
  • The largest Turning Point Brands seller in Q4 2020 was Standard General, an estimated $15.1M sold.

Based on aggregated 13F filings for Q4 2020.