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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
FDCDDQ
126
Federation des caisses Desjardins du Quebec
Quebec, Canada
$4.58K +$4.62K +100 New
US Bancorp
127
US Bancorp
Minnesota
$2K
AF
128
Allworth Financial
California
$1K
PA
129
Parallel Advisors
California
$1K
AIG
130
American International Group
New York
$374 +$57.7K +1,247 +18%
CCM
131
CAAS Capital Management
New York
-$4.29M -82,221 Closed
PCM
132
Pinz Capital Management
New York
-$3.35M -64,180 Closed
KJHP
133
K.J. Harrison & Partners
Ontario, Canada
-$2.36M -45,300 Closed
PCM
134
PenderFund Capital Management
British Columbia, Canada
-$2.93M -44,700 Closed
MPAM
135
Monarch Partners Asset Management
Massachusetts
-$2.19M -41,959 Closed
PCM
136
Penserra Capital Management
California
-$1.43M -27,456 Closed
HF
137
HRT Financial
New York
-$1.39M -26,728 Closed
JCIA
138
Jackson Creek Investment Advisors
Colorado
-$1.19M -22,729 Closed
Russell Investments Group
139
Russell Investments Group
United Kingdom
-$1.11M -21,364 Closed
TFA
140
Toth Financial Advisory
Virginia
-$1.07M -20,615 Closed
DA
141
DCM Advisors
New York
-$783K -15,000 Closed
GCP
142
GSA Capital Partners
United Kingdom
-$655K -12,561 Closed
Squarepoint
143
Squarepoint
New York
-$568K -10,886 Closed
JG
144
Jefferies Group
New York
-$509K -9,750 Closed
SO
145
STRS Ohio
Ohio
-$313K -6,000 Closed
Jane Street
146
Jane Street
New York
-$311K -5,970 Closed
TI
147
Trexquant Investment
Connecticut
-$240K -4,600 Closed
DTL
148
Dynamic Technology Lab
Singapore
-$229K -4,396 Closed
ASRS
149
Arizona State Retirement System
Arizona
-$218K -4,184 Closed
GGS
150
Galvin Gaustad & Stein
Arizona
-$209K -4,004 Closed

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.