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Turning Point Brands
TPB

48 hedge funds and large institutions have $157M invested in Turning Point Brands in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

325% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 4

50% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 8

37% more funds holding

Funds holding: 35 → 48 (+13)

4% more capital invested

Capital invested by funds: $151M → $157M (+$5.78M)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

0.53% less ownership

Funds ownership: 70.5% → 69.97% (-0.53%)

Holders
48
Holders Change
+13
Holders Change %
+37.14%
% of All Funds
1.2%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.1%
New
17
Increased
12
Reduced
8
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NRCM
Northern Right Capital Management
Connecticut
+$3.67M
2
BCM
Brigade Capital Management
New York
+$2.97M
3
NG
NatWest Group
United Kingdom
+$849K
4
Millennium Management
Millennium Management
New York
+$744K
5
Neuberger Berman Group
Neuberger Berman Group
New York
+$398K

Top Sellers

1
BC
BHR Capital
New York
-$4.71M
2
Jennison Associates
Jennison Associates
New York
-$1.65M
3
YU
Yale University
Connecticut
-$859K
4
Goldman Sachs
Goldman Sachs
New York
-$408K
5
GCP
GSA Capital Partners
United Kingdom
-$322K
Name Holding Trade Value Shares
Change 		Change in
Stake
SG
1
Standard General
New York
$125M – – –
Jennison Associates
2
Jennison Associates
New York
$9.63M -$1.65M -124,224 -14%
NRCM
3
Northern Right Capital Management
Connecticut
$3.38M +$3.67M +276,265 New
Vanguard Group
4
Vanguard Group
Pennsylvania
$3.08M -$13.4K -1,008 -0.4%
BCM
5
Brigade Capital Management
New York
$2.74M +$2.97M +224,000 New
BFA
6
BlackRock Fund Advisors
California
$2.33M +$354K +26,691 +16%
UOC
7
UBS O'Connor
Illinois
$1.8M – – –
BC
8
BHR Capital
New York
$1.35M -$4.71M -355,034 -76%
State Street
9
State Street
Massachusetts
$834K +$154K +11,584 +20%
NG
10
NatWest Group
United Kingdom
$783K +$849K +63,948 New
Northern Trust
11
Northern Trust
Illinois
$716K -$2.96K -223 -0.4%
RJA
12
Raymond James & Associates
Florida
$700K +$12.4K +931 +2%
Millennium Management
13
Millennium Management
New York
$687K +$744K +56,065 New
BIT
14
BlackRock Institutional Trust
California
$489K – – –
Geode Capital Management
15
Geode Capital Management
Massachusetts
$462K +$12.8K +968 +3%
AIM
16
Acrospire Investment Management
Illinois
$410K +$339K +25,542 +323%
Neuberger Berman Group
17
Neuberger Berman Group
New York
$368K +$398K +30,000 New
Wells Fargo
18
Wells Fargo
California
$330K -$9.37K -706 -3%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$317K +$206K +15,533 +151%
Morgan Stanley
20
Morgan Stanley
New York
$292K +$302K +22,777 +2,092%
BIM
21
BlackRock Investment Management
Delaware
$285K – – –
TCIM
22
TIAA CREF Investment Management
New York
$264K – – –
SIM
23
Spark Investment Management
New York
$214K +$232K +17,500 New
TC
24
TFS Capital
Pennsylvania
$195K +$211K +15,902 New
CS
25
Credit Suisse
Switzerland
$132K +$144K +10,846 New
1
2 3

TPB Hedge Fund Activity: Q4 2016 in Review

48 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2016, worth a combined $157M — up 3.8% from $151M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new TPB positions and 4 closed out — a net gain of 13 holders — while 12 added to existing stakes and 8 trimmed.

The largest buyer was Northern Right Capital Management, opening a new position worth an estimated $3.67M. The largest seller was BHR Capital, cutting an estimated $4.71M.

  • 48 institutional investors held Turning Point Brands (TPB) as of Q4 2016, up from 35 in Q3 2016.
  • Funds reported $157M of Turning Point Brands stock for Q4 2016, up 3.8% quarter-over-quarter.
  • 17 funds opened new Turning Point Brands positions in Q4 2016 and 4 closed out, a net change of +13 holders.
  • The largest Turning Point Brands buyer in Q4 2016 was Northern Right Capital Management, an estimated $3.67M added.
  • The largest Turning Point Brands seller in Q4 2016 was BHR Capital, an estimated $4.71M sold.

Based on aggregated 13F filings for Q4 2016.