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Turning Point Brands
TPB

55 hedge funds and large institutions have $57.6M invested in Turning Point Brands in 2017 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

450% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 2

64% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 14

22% more capital invested

Capital invested by funds: $47.4M → $57.6M (+$10.2M)

20% more funds holding

Funds holding: 46 → 55 (+9)

1.41% more ownership

Funds ownership: 16.38% → 17.79% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
55
Holders Change
+9
Holders Change %
+19.57%
% of All Funds
1.37%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
11
Increased
23
Reduced
14
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SG
Standard General
New York
+$3.22M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$1.34M
3
ACM
Ativo Capital Management
Illinois
+$1.11M
4
Renaissance Technologies
Renaissance Technologies
New York
+$304K
5
Wells Fargo
Wells Fargo
California
+$304K

Top Sellers

Rank Fund Capital Flow
1
Jennison Associates
Jennison Associates
New York
-$2.33M
2
UOC
UBS O'Connor
Illinois
-$422K
3
AL
AJO LP
Pennsylvania
-$58.9K
4
SIM
Spark Investment Management
New York
-$43.5K
5
BlackRock
BlackRock
New York
-$38.8K
Name Holding Trade Value Shares
Change 		Change in
Stake
Jennison Associates
1
Jennison Associates
New York
$8.05M -$2.33M -144,619 -23%
NRCM
2
Northern Right Capital Management
Connecticut
$6.38M +$161K +10,000 +3%
Vanguard Group
3
Vanguard Group
Pennsylvania
$5.75M +$1.34M +83,240 +33%
SG
4
Standard General
New York
$5.19M +$3.22M +200,000 +190%
BCM
5
Brigade Capital Management
New York
$4.95M +$214K +13,300 +5%
BlackRock
6
BlackRock
New York
$4.73M -$38.8K -2,409 -0.9%
ACM
7
Argent Capital Management
Missouri
$3.08M +$235K +14,555 +9%
SCP
8
Steamboat Capital Partners
New York
$2.29M -$11.4K -706 -0.5%
UOC
9
UBS O'Connor
Illinois
$1.53M -$422K -26,211 -23%
State Street
10
State Street
Massachusetts
$1.44M -$6.45K -400 -0.5%
Wells Fargo
11
Wells Fargo
California
$1.38M +$304K +18,866 +30%
Renaissance Technologies
12
Renaissance Technologies
New York
$1.34M +$304K +18,880 +32%
ACM
13
Ativo Capital Management
Illinois
$1.17M +$1.11M +69,000 New
Northern Trust
14
Northern Trust
Illinois
$1.03M +$9.31K +578 +1%
RJA
15
Raymond James & Associates
Florida
$1M +$20.9K +1,300 +2%
SIM
16
Spark Investment Management
New York
$883K -$43.5K -2,697 -5%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$722K +$68.6K +4,256 +11%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$685K +$6.22K +386 +1%
Deutsche Bank
19
Deutsche Bank
Germany
$685K +$83K +5,149 +15%
SGAM
20
Steinberg Global Asset Management
Florida
$676K +$7.9K +490 +1%
Neuberger Berman Group
21
Neuberger Berman Group
New York
$561K – – –
AL
22
AJO LP
Pennsylvania
$515K -$58.9K -3,656 -11%
MAM
23
Martingale Asset Management
Massachusetts
$490K +$171K +10,600 +58%
DADC
24
D.A. Davidson & Co
Montana
$478K +$19K +1,178 +4%
Millennium Management
25
Millennium Management
New York
$429K +$15.8K +983 +4%
1
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TPB Hedge Fund Activity: Q3 2017 in Review

55 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2017, worth a combined $57.6M — up 22% from $47.4M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new TPB positions and 2 closed out — a net gain of 9 holders — while 23 added to existing stakes and 14 trimmed.

The largest buyer was Standard General, adding an estimated $3.22M. The largest seller was Jennison Associates, cutting an estimated $2.33M.

  • 55 institutional investors held Turning Point Brands (TPB) as of Q3 2017, up from 46 in Q2 2017.
  • Funds reported $57.6M of Turning Point Brands stock for Q3 2017, up 22% quarter-over-quarter.
  • 11 funds opened new Turning Point Brands positions in Q3 2017 and 2 closed out, a net change of +9 holders.
  • The largest Turning Point Brands buyer in Q3 2017 was Standard General, an estimated $3.22M added.
  • The largest Turning Point Brands seller in Q3 2017 was Jennison Associates, an estimated $2.33M sold.

Based on aggregated 13F filings for Q3 2017.