Turning Point Brands
TPB
116 hedge funds and large institutions have $336M invested in Turning Point Brands in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 43 increasing their positions, 36 reducing their positions, and 11 closing their positions.
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
19% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 36
4% more funds holding
Funds holding: 112 → 116 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2.31% less ownership
Funds ownership: 84.54% → 82.23% (-2.3%)
6% less capital invested
Capital invested by funds: $357M → $336M (-$21.4M)
77% less call options, than puts
Call options by funds: $394K | Put options by funds: $1.74M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$3.14M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$1.55M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.36M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$1.25M |
| 5 |
BlackRock
New York
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
DG Capital Management
New York
|
-$6.14M |
| 2 |
2C
272 Capital
Dallas,
Texas
|
-$4.67M |
| 3 |
Millennium Management
New York
|
-$3.4M |
| 4 |
BFM
Boothbay Fund Management
New York
|
-$2.9M |
| 5 |
Barclays
London,
United Kingdom
|
-$1.04M |
TPB Hedge Fund Activity: Q3 2023 in Review
116 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2023, worth a combined $336M — down 6% from $357M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new TPB positions and 11 closed out — a net gain of 4 holders — while 43 added to existing stakes and 36 trimmed.
The largest buyer was Assenagon Asset Management, adding an estimated $3.14M. The largest seller was DG Capital Management, exiting entirely with an estimated $6.14M sold.
- 116 institutional investors held Turning Point Brands (TPB) as of Q3 2023, up from 112 in Q2 2023.
- Funds reported $336M of Turning Point Brands stock for Q3 2023, down 6% quarter-over-quarter.
- 15 funds opened new Turning Point Brands positions in Q3 2023 and 11 closed out, a net change of +4 holders.
- The largest Turning Point Brands buyer in Q3 2023 was Assenagon Asset Management, an estimated $3.14M added.
- The largest Turning Point Brands seller in Q3 2023 was DG Capital Management, an estimated $6.14M sold.
Based on aggregated 13F filings for Q3 2023.