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Turning Point Brands
TPB

60 hedge funds and large institutions have $80.6M invested in Turning Point Brands in 2017 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 26 increasing their positions, 9 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

189% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 9

56% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 9

40% more capital invested

Capital invested by funds: $57.6M → $80.6M (+$23.1M)

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

9% more funds holding

Funds holding: 55 → 60 (+5)

2.05% more ownership

Funds ownership: 17.79% → 19.83% (+2%)

Holders
60
Holders Change
+5
Holders Change %
+9.09%
% of All Funds
1.36%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
14
Increased
26
Reduced
9
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$2.68M
2
Renaissance Technologies
Renaissance Technologies
New York
+$1.82M
3
EMG
ETF Managers Group
New Jersey
+$1.74M
4
NRCM
Northern Right Capital Management
Connecticut
+$880K
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$743K

Top Sellers

Rank Fund Capital Flow
1
Jennison Associates
Jennison Associates
New York
-$8.05M
2
UOC
UBS O'Connor
Illinois
-$1.53M
3
RJA
Raymond James & Associates
Florida
-$1M
4
BlackRock
BlackRock
New York
-$523K
5
SIM
Spark Investment Management
New York
-$519K
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$10.4M +$2.68M +151,893 +45%
FSCM
2
First Sabrepoint Capital Management
Texas
$9M +$7.51M +426,074 New
NRCM
3
Northern Right Capital Management
Connecticut
$8.98M +$880K +49,893 +13%
BCM
4
Brigade Capital Management
New York
$6.79M +$538K +30,527 +10%
SG
5
Standard General
New York
$6.45M – – –
BlackRock
6
BlackRock
New York
$5.25M -$523K -29,679 -11%
Renaissance Technologies
7
Renaissance Technologies
New York
$3.85M +$1.82M +103,500 +131%
ACM
8
Argent Capital Management
Missouri
$3.62M -$286K -16,200 -9%
SCP
9
Steamboat Capital Partners
New York
$2.71M -$113K -6,410 -5%
EMG
10
ETF Managers Group
New Jersey
$2.05M +$1.74M +98,565 New
State Street
11
State Street
Massachusetts
$1.96M +$145K +8,221 +10%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$1.79M +$743K +42,115 +99%
Deutsche Bank
13
Deutsche Bank
Germany
$1.56M +$589K +33,398 +83%
ACM
14
Ativo Capital Management
Illinois
$1.46M +$353 +20 +0%
Northern Trust
15
Northern Trust
Illinois
$1.29M +$14.4K +815 +1%
Wells Fargo
16
Wells Fargo
California
$1.27M -$374K -21,227 -26%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$1.05M +$163K +9,221 +23%
Millennium Management
18
Millennium Management
New York
$898K +$304K +17,252 +68%
SGAM
19
Steinberg Global Asset Management
Florida
$863K +$19K +1,078 +3%
MAM
20
Martingale Asset Management
Massachusetts
$736K +$106K +6,000 +21%
Neuberger Berman Group
21
Neuberger Berman Group
New York
$697K – – –
OAM
22
Oxford Asset Management
United Kingdom
$658K +$349K +19,781 +172%
AL
23
AJO LP
Pennsylvania
$622K -$15.1K -855 -3%
DADC
24
D.A. Davidson & Co
Montana
$616K +$18.1K +1,026 +4%
Dimensional Fund Advisors
25
Dimensional Fund Advisors
Texas
$604K +$505K +28,617 New
1
2 3

TPB Hedge Fund Activity: Q4 2017 in Review

60 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2017, worth a combined $80.6M — up 40% from $57.6M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new TPB positions and 9 closed out — a net gain of 5 holders — while 26 added to existing stakes and 9 trimmed.

The largest buyer was Vanguard Group, adding an estimated $2.68M. The largest seller was Jennison Associates, exiting entirely with an estimated $8.05M sold.

  • 60 institutional investors held Turning Point Brands (TPB) as of Q4 2017, up from 55 in Q3 2017.
  • Funds reported $80.6M of Turning Point Brands stock for Q4 2017, up 40% quarter-over-quarter.
  • 14 funds opened new Turning Point Brands positions in Q4 2017 and 9 closed out, a net change of +5 holders.
  • The largest Turning Point Brands buyer in Q4 2017 was Vanguard Group, an estimated $2.68M added.
  • The largest Turning Point Brands seller in Q4 2017 was Jennison Associates, an estimated $8.05M sold.

Based on aggregated 13F filings for Q4 2017.