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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
Point72 Asset Management
176
Point72 Asset Management
Connecticut
– -$80.2K -2,500 Closed
PAS
177
Point72 Asia (Singapore)
Singapore
– -$14.2K -443 Closed
Bessemer Group
178
Bessemer Group
New Jersey
– +$382 +10 New
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.