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Turning Point Brands
TPB

165 hedge funds and large institutions have $620M invested in Turning Point Brands in 2024 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 53 increasing their positions, 60 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 13

32% more capital invested

Capital invested by funds: $468M → $620M (+$152M)

11% more funds holding

Funds holding: 149 → 165 (+16)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less call options, than puts

Call options by funds: $3M | Put options by funds: $3.12M

1.61% less ownership

Funds ownership: 82.84% → 81.22% (-1.6%)

12% less repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 60

Holders
165
Holders Change
+16
Holders Change %
+10.74%
% of All Funds
2.37%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
29
Increased
53
Reduced
60
Closed
13
Calls
$3M
Puts
$3.12M
Net Calls
-$121K
Net Calls Change
+$466K

Top Buyers

1
PWAM
Park West Asset Management
California
+$7.22M
2
FSCM
First Sabrepoint Capital Management
Texas
+$6.65M
3
Millennium Management
Millennium Management
New York
+$6.55M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$5.64M
5
BAM
Ballast Asset Management
Texas
+$3.96M

Top Sellers

1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$23.6M
2
ACH
ArrowMark Colorado Holdings
Colorado
-$20.4M
3
American Century Companies
American Century Companies
Missouri
-$5.98M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$2.14M
5
BFM
Boothbay Fund Management
New York
-$1.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
Nisa Investment Advisors
151
Nisa Investment Advisors
Missouri
$2.55K +$1.26K +33 +127%
US Bancorp
152
US Bancorp
Minnesota
$2.29K – – –
RA
153
Rise Advisors
New York
$2.23K +$38 +1 +2%
CPA
154
Capital Performance Advisors
California
$1.94K +$1.72K +45 New
TCM
155
Tradewinds Capital Management
Washington
$1.34K +$1.18K +31 New
GI
156
GAMMA Investing
California
$1.17K +$955 +25 +1,250%
QL
157
Quarry LP
New York
$1.12K -$3.78K -99 -79%
CAL
158
Capital Advisors Ltd
Ohio
$1K – – –
C
159
Covestor
United Kingdom
$1K +$306 +8 +25%
SCM
160
Sterling Capital Management
North Carolina
$992 +$878 +23 New
SAM
161
Smartleaf Asset Management
Massachusetts
$930 – – –
MPWT
162
MassMutual Private Wealth & Trust
Connecticut
$432 – – –
RIL
163
Rothschild Investment LLC
Illinois
$216 – – –
TWD
164
True Wealth Design
Ohio
$173 +$153 +4 New
BFM
165
Boothbay Fund Management
New York
– -$1.88M -58,729 Closed
Jacobs Levy Equity Management
166
Jacobs Levy Equity Management
New Jersey
– -$547K -17,050 Closed
QC
167
Quadrature Capital
United Kingdom
– -$494K -15,380 Closed
DTL
168
Dynamic Technology Lab
Singapore
– -$457K -14,238 Closed
SPA
169
Sherbrooke Park Advisers
New York
– -$428K -13,346 Closed
Walleye Capital
170
Walleye Capital
New York
– -$406K -12,658 Closed
ETC
171
Exchange Traded Concepts
Oklahoma
– -$340K -10,602 Closed
YIH
172
Y-Intercept (HK)
Hong Kong
– -$335K -10,444 Closed
DC
173
Diametric Capital
Massachusetts
– -$249K -7,760 Closed
MF
174
Magnetar Financial
Illinois
– -$212K -6,599 Closed
KAS
175
Kestra Advisory Services
Texas
– -$205K -6,361 Closed
4 5 6
7
8

TPB Hedge Fund Activity: Q3 2024 in Review

165 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2024, worth a combined $620M — up 32% from $468M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new TPB positions and 13 closed out — a net gain of 16 holders — while 53 added to existing stakes and 60 trimmed.

The largest buyer was Park West Asset Management, opening a new position worth an estimated $7.22M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $23.6M.

  • 165 institutional investors held Turning Point Brands (TPB) as of Q3 2024, up from 149 in Q2 2024.
  • Funds reported $620M of Turning Point Brands stock for Q3 2024, up 32% quarter-over-quarter.
  • 29 funds opened new Turning Point Brands positions in Q3 2024 and 13 closed out, a net change of +16 holders.
  • The largest Turning Point Brands buyer in Q3 2024 was Park West Asset Management, an estimated $7.22M added.
  • The largest Turning Point Brands seller in Q3 2024 was Thrivent Financial for Lutherans, an estimated $23.6M sold.

Based on aggregated 13F filings for Q3 2024.