Turning Point Brands
TPB
108 hedge funds and large institutions have $324M invested in Turning Point Brands in 2022 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 43 increasing their positions, 39 reducing their positions, and 19 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 39
2.77% more ownership
Funds ownership: 85.04% → 87.81% (+2.8%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
11% less funds holding
Funds holding: 121 → 108 (-13)
21% less capital invested
Capital invested by funds: $409M → $324M (-$84.6M)
56% less call options, than puts
Call options by funds: $675K | Put options by funds: $1.54M
68% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$16.6M |
| 2 |
RP
Repertoire Partners
New York
|
+$12M |
| 3 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$3.85M |
| 4 |
2C
272 Capital
Dallas,
Texas
|
+$3.43M |
| 5 |
WSL
Western Standard LLC
Los Angeles,
California
|
+$3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
-$12.1M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$9.19M |
| 3 |
EMG
ETF Managers Group
Summit,
New Jersey
|
-$7.07M |
| 4 |
GECH
Garnet Equity Capital Holdings
New York
|
-$2.78M |
| 5 |
AIA
Avalon Investment & Advisory
Houston,
Texas
|
-$2.63M |
TPB Hedge Fund Activity: Q3 2022 in Review
108 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2022, worth a combined $324M — down 21% from $409M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of TPB and 6 opened new positions — a net loss of 13 holders — while 39 trimmed existing stakes and 43 added.
The largest buyer was UBS Group, opening a new position worth an estimated $16.6M. The largest seller was Boston Partners, exiting entirely with an estimated $12.1M sold.
- 108 institutional investors held Turning Point Brands (TPB) as of Q3 2022, down from 121 in Q2 2022.
- Funds reported $324M of Turning Point Brands stock for Q3 2022, down 21% quarter-over-quarter.
- 6 funds opened new Turning Point Brands positions in Q3 2022 and 19 closed out, a net change of -13 holders.
- The largest Turning Point Brands buyer in Q3 2022 was UBS Group, an estimated $16.6M added.
- The largest Turning Point Brands seller in Q3 2022 was Boston Partners, an estimated $12.1M sold.
Based on aggregated 13F filings for Q3 2022.