Turning Point Brands
201 hedge funds and large institutions have $890M invested in Turning Point Brands in 2024 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 69 increasing their positions, 59 reducing their positions, and 11 closing their positions.
627% more call options, than puts
Call options by funds: $15.2M | Put options by funds: $2.09M
327% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 11
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
44% more capital invested
Capital invested by funds: $620M → $890M (+$270M)
22% more funds holding
Funds holding: 165 → 201 (+36)
17% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 59
2.39% more ownership
Funds ownership: 81.22% → 83.61% (+2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$25.5M |
| 2 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
+$5.65M |
| 3 |
NRCM
Northern Right Capital Management
Darien,
Connecticut
|
+$5.6M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$4.51M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$3.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$12.6M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$8.27M |
| 3 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$8.16M |
| 4 |
Millennium Management
New York
|
-$6.84M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$6.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SS
201
SBI Securities
Tokyo,
Japan
| $60 | +$53 | +1 | New |
|
|
PWAM
202
Park West Asset Management
San Francisco,
California
| – | -$8.16M | -189,034 | Closed |
|
|
ECP
203
Epacria Capital Partners
Boulder,
Colorado
| – | -$1.12M | -25,964 | Closed |
|
|
SWP
204
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$971K | -22,511 | Closed |
|
|
SBH
205
Segall Bryant & Hamill
Chicago,
Illinois
| – | -$755K | -17,500 | Closed |
|
206
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| – | -$326K | -7,564 | Closed |
|
|
OQS
207
Occudo Quantitative Strategies
Fort Lauderdale,
Florida
| – | -$250K | -5,783 | Closed |
|
|
AIM
208
Aigen Investment Management
New York
| – | -$221K | -5,120 | Closed |
|
|
RA
209
Rise Advisors
Rochester,
New York
| – | -$2.23K | -52 | Closed |
|
|
CPA
210
Capital Performance Advisors
Walnut Creek,
California
| – | -$1.94K | -45 | Closed |
|
|
TCM
211
Tradewinds Capital Management
Bellingham,
Washington
| – | -$1.34K | -31 | Closed |
|
|
QL
212
Quarry LP
New York
| – | -$1.12K | -26 | Closed |
|
TPB Hedge Fund Activity: Q4 2024 in Review
201 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2024, worth a combined $890M — up 44% from $620M a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new TPB positions and 11 closed out — a net gain of 36 holders — while 69 added to existing stakes and 59 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $25.5M. The largest seller was Morgan Stanley, cutting an estimated $12.6M.
- 201 institutional investors held Turning Point Brands (TPB) as of Q4 2024, up from 165 in Q3 2024.
- Funds reported $890M of Turning Point Brands stock for Q4 2024, up 44% quarter-over-quarter.
- 47 funds opened new Turning Point Brands positions in Q4 2024 and 11 closed out, a net change of +36 holders.
- The largest Turning Point Brands buyer in Q4 2024 was Fidelity Investments, an estimated $25.5M added.
- The largest Turning Point Brands seller in Q4 2024 was Morgan Stanley, an estimated $12.6M sold.
Based on aggregated 13F filings for Q4 2024.