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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$14.5M |
| 2 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
+$6.29M |
| 3 |
TA
Tamarack Advisers
Carlsbad,
California
|
+$6.23M |
| 4 |
PVI
Pura Vida Investments
New York
|
+$4.93M |
| 5 |
AIA
Avalon Investment & Advisory
Houston,
Texas
|
+$3.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Standard General
New York
|
-$15.1M |
| 2 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
-$10.1M |
| 3 |
NSGL
No Street GP LP
San Francisco,
California
|
-$5.67M |
| 4 |
DCM
DG Capital Management
New York
|
-$5.22M |
| 5 |
NRCM
Northern Right Capital Management
Darien,
Connecticut
|
-$3.91M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PI
126
Putnam Investments
Boston,
Massachusetts
| – | -$735K | -26,348 | Closed |
|
|
SCM
127
Springhouse Capital Management
Westport,
Connecticut
| – | -$643K | -23,056 | Closed |
|
128
Walleye Trading
New York
| – | -$669K | -17,717 | Closed |
|
|
AG
129
Algert Global
San Francisco,
California
| – | -$332K | -11,888 | Closed |
|
|
VHAM
130
Van Hulzen Asset Management
El Dorado Hills,
California
| – | -$321K | -11,511 | Closed |
|
131
Balyasny Asset Management
Chicago,
Illinois
| – | -$263K | -9,412 | Closed |
|
132
Simplex Trading
Chicago,
Illinois
| – | -$261K | -6,904 | Closed |
|
|
JG
133
Jefferies Group
New York
| – | -$60.4K | -1,598 | Closed |
|
|
FIA
134
FNY Investment Advisers
New York
| – | -$8K | -309 | Closed |
|
|
FHA
135
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$2K | -100 | Closed |
|
|
SP
136
Summit Partners
Boston,
Massachusetts
| – | -$1K | -23 | Closed |
|
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.