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Turning Point Brands
TPB

44 hedge funds and large institutions have $202M invested in Turning Point Brands in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 13

28% more capital invested

Capital invested by funds: $157M → $202M (+$44.3M)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

1.33% less ownership

Funds ownership: 69.97% → 68.64% (-1.3%)

8% less funds holding

Funds holding: 48 → 44 (-4)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
44
Holders Change
-4
Holders Change %
-8.33%
% of All Funds
1.1%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
8
Increased
21
Reduced
13
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$4.15M
2
BCM
Brigade Capital Management
New York
+$728K
3
WSL
Western Standard LLC
California
+$652K
4
NRCM
Northern Right Capital Management
Connecticut
+$627K
5
Renaissance Technologies
Renaissance Technologies
New York
+$572K

Top Sellers

1
NG
NatWest Group
United Kingdom
-$783K
2
SG
Standard General
New York
-$625K
3
AIM
Acrospire Investment Management
Illinois
-$333K
4
Jennison Associates
Jennison Associates
New York
-$308K
5
TC
TFS Capital
Pennsylvania
-$195K
Name Holding Trade Value Shares
Change 		Change in
Stake
SG
1
Standard General
New York
$158M -$625K -46,100 -0.5%
Jennison Associates
2
Jennison Associates
New York
$11.9M -$308K -22,710 -3%
NRCM
3
Northern Right Capital Management
Connecticut
$5.03M +$627K +46,243 +17%
BlackRock
4
BlackRock
New York
$4.78M +$4.15M +306,186 +105,581%
BCM
5
Brigade Capital Management
New York
$4.33M +$728K +53,746 +24%
Vanguard Group
6
Vanguard Group
Pennsylvania
$3.94M +$17.3K +1,276 +0.5%
UOC
7
UBS O'Connor
Illinois
$2.27M -$23.6K -1,742 -1%
State Street
8
State Street
Massachusetts
$1.25M +$163K +12,000 +18%
Northern Trust
9
Northern Trust
Illinois
$944K +$29.3K +2,162 +4%
RJA
10
Raymond James & Associates
Florida
$877K -$12.7K -940 -2%
WSL
11
Western Standard LLC
California
$750K +$652K +48,090 New
Wells Fargo
12
Wells Fargo
California
$747K +$283K +20,898 +78%
Millennium Management
13
Millennium Management
New York
$673K -$175K -12,953 -23%
Renaissance Technologies
14
Renaissance Technologies
New York
$658K +$572K +42,200 New
Bank of New York Mellon
15
Bank of New York Mellon
New York
$628K +$195K +14,396 +56%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$612K +$20.3K +1,500 +4%
Neuberger Berman Group
17
Neuberger Berman Group
New York
$515K +$40.6K +3,000 +10%
SGAM
18
Steinberg Global Asset Management
Florida
$458K +$398K +29,365 New
SIM
19
Spark Investment Management
New York
$365K +$79.9K +5,900 +34%
NI
20
Numeric Investors
Massachusetts
$356K +$309K +22,800 New
PCR
21
Potrero Capital Research
California
$356K +$309K +22,814 New
Deutsche Bank
22
Deutsche Bank
Germany
$287K +$198K +14,645 +384%
Morgan Stanley
23
Morgan Stanley
New York
$250K -$106K -7,860 -33%
TCIM
24
TIAA CREF Investment Management
New York
$249K -$76.3K -5,632 -26%
Federated Hermes
25
Federated Hermes
Pennsylvania
$243K +$106K +7,795 +101%
1
2 3

TPB Hedge Fund Activity: Q1 2017 in Review

44 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q1 2017, worth a combined $202M — up 28% from $157M a quarter earlier.

Fund positioning in TPB was balanced in Q1 2017: 8 funds opened new positions, 8 closed out, 21 added to existing stakes and 13 trimmed.

The largest buyer was BlackRock, adding an estimated $4.15M. The largest seller was NatWest Group, exiting entirely with an estimated $783K sold.

  • 44 institutional investors held Turning Point Brands (TPB) as of Q1 2017, down from 48 in Q4 2016.
  • Funds reported $202M of Turning Point Brands stock for Q1 2017, up 28% quarter-over-quarter.
  • 8 funds opened new Turning Point Brands positions in Q1 2017 and 8 closed out, a net change of 0 holders.
  • The largest Turning Point Brands buyer in Q1 2017 was BlackRock, an estimated $4.15M added.
  • The largest Turning Point Brands seller in Q1 2017 was NatWest Group, an estimated $783K sold.

Based on aggregated 13F filings for Q1 2017.