Turning Point Brands
101 hedge funds and large institutions have $201M invested in Turning Point Brands in 2019 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 44 increasing their positions, 17 reducing their positions, and 31 closing their positions.
159% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 17
15% more call options, than puts
Call options by funds: $7.54M | Put options by funds: $6.53M
8.48% more ownership
Funds ownership: 35.81% → 44.29% (+8.5%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less funds holding
Funds holding: 109 → 101 (-8)
23% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 31
42% less capital invested
Capital invested by funds: $343M → $201M (-$143M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$11.8M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$11.5M |
| 3 |
Barclays
London,
United Kingdom
|
+$8.53M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$8.2M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$7.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$13.5M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$8.01M |
| 3 |
Renaissance Technologies
New York
|
-$6.95M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$4.59M |
| 5 |
MSL
Mackay Shields LLC
New York
|
-$3.89M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$98K | -2,003 | Closed |
|
|
TNBTD
127
Trustmark National Bank Trust Department
Jackson,
Mississippi
| – | -$49K | -1,000 | Closed |
|
|
DWA
128
Dorsey Wright & Associates
Pasadena,
California
| – | -$18K | -372 | Closed |
|
|
PCP
129
Proficio Capital Partners
Newton,
Massachusetts
| – | -$13K | -271 | Closed |
|
|
AG
130
Aperio Group
Sausalito,
California
| – | -$13K | -258 | Closed |
|
|
CCA
131
Catalyst Capital Advisors
Huntington,
New York
| – | -$3K | -54 | Closed |
|
|
OSAM
132
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$1K | -21 | Closed |
|
TPB Hedge Fund Activity: Q3 2019 in Review
101 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2019, worth a combined $201M — down 42% from $343M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of TPB and 24 opened new positions — a net loss of 7 holders — while 17 trimmed existing stakes and 44 added.
The largest buyer was Millennium Management, adding an estimated $11.8M. The largest seller was Portolan Capital Management, exiting entirely with an estimated $13.5M sold.
- 101 institutional investors held Turning Point Brands (TPB) as of Q3 2019, down from 109 in Q2 2019.
- Funds reported $201M of Turning Point Brands stock for Q3 2019, down 42% quarter-over-quarter.
- 24 funds opened new Turning Point Brands positions in Q3 2019 and 31 closed out, a net change of -7 holders.
- The largest Turning Point Brands buyer in Q3 2019 was Millennium Management, an estimated $11.8M added.
- The largest Turning Point Brands seller in Q3 2019 was Portolan Capital Management, an estimated $13.5M sold.
Based on aggregated 13F filings for Q3 2019.