Turning Point Brands
TPB
35 hedge funds and large institutions have $151M invested in Turning Point Brands in 2016 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
21% more capital invested
Capital invested by funds: $125M → $151M (+$26.4M)
6% more funds holding
Funds holding: 33 → 35 (+2)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
1.43% less ownership
Funds ownership: 71.93% → 70.5% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Standard General
New York
|
+$5.29M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.86M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$556K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$321K |
| 5 |
State Street
Boston,
Massachusetts
|
+$296K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$3.14M |
| 2 |
BC
BHR Capital
New York
|
-$418K |
| 3 |
SIM
Spark Investment Management
New York
|
-$236K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$152K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$139K |
TPB Hedge Fund Activity: Q3 2016 in Review
35 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2016, worth a combined $151M — up 21% from $125M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new TPB positions and 3 closed out — a net gain of 2 holders — while 12 added to existing stakes and 12 trimmed.
The largest buyer was Standard General, adding an estimated $5.29M. The largest seller was Jennison Associates, cutting an estimated $3.14M.
- 35 institutional investors held Turning Point Brands (TPB) as of Q3 2016, up from 33 in Q2 2016.
- Funds reported $151M of Turning Point Brands stock for Q3 2016, up 21% quarter-over-quarter.
- 5 funds opened new Turning Point Brands positions in Q3 2016 and 3 closed out, a net change of +2 holders.
- The largest Turning Point Brands buyer in Q3 2016 was Standard General, an estimated $5.29M added.
- The largest Turning Point Brands seller in Q3 2016 was Jennison Associates, an estimated $3.14M sold.
Based on aggregated 13F filings for Q3 2016.