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Turning Point Brands

131 hedge funds and large institutions have $726M invested in Turning Point Brands in 2021 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 58 increasing their positions, 37 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 37

8% less call options, than puts

Call options by funds: $6.84M | Put options by funds: $7.43M

6.33% less ownership

Funds ownership: 89.84%83.52% (-6.3%)

7% less funds holding

Funds holding: 141131 (-10)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

19% less capital invested

Capital invested by funds: $894M → $726M (-$168M)

40% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 25

Holders
131
Holders Change
-10
Holders Change %
-7.09%
% of All Funds
2.28%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.1%
New
15
Increased
58
Reduced
37
Closed
25
Calls
$6.84M
Puts
$7.43M
Net Calls
-$589K
Net Calls Change
-$13.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Zurich Cantonal Bank
101
Zurich Cantonal Bank
Switzerland
$160K +$62.7K +1,356 +63%
Citigroup
102
Citigroup
New York
$150K +$106K +2,300 +231%
FMP
103
Financial Management Professionals
Texas
$141K +$52K +1,125 +57%
PHK
104
Point72 Hong Kong
Hong Kong
$124K +$107K +2,322 +605%
Legal & General Group
105
Legal & General Group
United Kingdom
$101K +$8.37K +181 +9%
FIA
106
FNY Investment Advisers
New York
$80K +$80.9K +1,750 New
TRCT
107
Tower Research Capital (TRC)
New York
$75K +$36.6K +791 +92%
Royal Bank of Canada
108
Royal Bank of Canada
Ontario, Canada
$55K +$14.6K +316 +36%
TSW
109
Thompson Siegel & Walmsley
Virginia
$50K
Lazard Asset Management
110
Lazard Asset Management
New York
$48K -$111K -2,401 -70%
AIP
111
Ameritas Investment Partners
Nebraska
$46K
OSAM
112
O'Shaughnessy Asset Management
Connecticut
$34K -$2.27K -49 -6%
Canada Life
113
Canada Life
Manitoba, Canada
$33K
DWA
114
Dorsey Wright & Associates
California
$32K
BNP Paribas Financial Markets
115
BNP Paribas Financial Markets
France
$23.1K -$46.7K -1,009 -67%
OC
116
Oakworth Capital
Alabama
$23K
WP
117
WealthShield Partners
North Carolina
$19K +$46 +1 +0.2%
Osaic Holdings
118
Osaic Holdings
Arizona
$19K +$2.54K +55 +15%
Group One Trading
119
Group One Trading
Illinois
$18K +$18.5K +400 New
CAPTRUST Financial Advisors
120
CAPTRUST Financial Advisors
North Carolina
$9K
SPIA
121
Steward Partners Investment Advisory
New York
$8K +$1.62K +35 +26%
Simplex Trading
122
Simplex Trading
Illinois
$7K +$7.08K +153 New
UBS Group
123
UBS Group
Switzerland
$6K -$107K -2,304 -95%
IA
124
IFP Advisors
Florida
$5K
PFGIA
125
Patriot Financial Group Insurance Agency
Massachusetts
$5K

TPB Hedge Fund Activity: Q2 2021 in Review

131 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2021, worth a combined $726M — down 19% from $894M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of TPB and 15 opened new positions — a net loss of 10 holders — while 37 trimmed existing stakes and 58 added.

The largest buyer was Steamboat Capital Partners, opening a new position worth an estimated $14M. The largest seller was Standard General, cutting an estimated $40.7M.

  • 131 institutional investors held Turning Point Brands (TPB) as of Q2 2021, down from 141 in Q1 2021.
  • Funds reported $726M of Turning Point Brands stock for Q2 2021, down 19% quarter-over-quarter.
  • 15 funds opened new Turning Point Brands positions in Q2 2021 and 25 closed out, a net change of -10 holders.
  • The largest Turning Point Brands buyer in Q2 2021 was Steamboat Capital Partners, an estimated $14M added.
  • The largest Turning Point Brands seller in Q2 2021 was Standard General, an estimated $40.7M sold.

Based on aggregated 13F filings for Q2 2021.