Turning Point Brands
TPB
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.
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: 141 → 131 (-10)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Steamboat Capital Partners
Rye,
New York
|
+$14M |
| 2 |
DCM
DG Capital Management
New York
|
+$7.49M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$5.7M |
| 4 |
MWNA
Marshall Wace North America
New York
|
+$5.58M |
| 5 |
BlackRock
New York
|
+$4.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Standard General
New York
|
-$40.7M |
| 2 |
Barclays
London,
United Kingdom
|
-$11.2M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$9.06M |
| 4 |
Millennium Management
New York
|
-$8.19M |
| 5 |
EMG
ETF Managers Group
Summit,
New Jersey
|
-$7.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MLICM
151
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$152K | -2,913 | Closed |
|
152
Nisa Investment Advisors
St. Louis,
Missouri
| – | -$63 | -1,200 | Closed |
|
|
PAM
153
Panagora Asset Management
Boston,
Massachusetts
| – | -$30K | -574 | Closed |
|
|
QT
154
Quantbot Technologies
New York
| – | -$5K | -100 | Closed |
|
155
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$4K | -68 | 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.