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Turning Point Brands
TPB

90 hedge funds and large institutions have $184M invested in Turning Point Brands in 2018 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more call options, than puts

Call options by funds: $1.13M | Put options by funds: $450K

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

33% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 27

4.78% more ownership

Funds ownership: 29.71% → 34.49% (+4.8%)

11% less funds holding

Funds holding: 101 → 90 (-11)

23% less capital invested

Capital invested by funds: $238M → $184M (-$54.1M)

42% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 24

Holders
90
Holders Change
-11
Holders Change %
-10.89%
% of All Funds
2.01%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.09%
New
14
Increased
36
Reduced
27
Closed
24
Calls
$1.13M
Puts
$450K
Net Calls
+$677K
Net Calls Change
-$492K

Top Buyers

1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$15.6M
2
FSCM
First Sabrepoint Capital Management
Texas
+$10.6M
3
EMG
ETF Managers Group
New Jersey
+$10.3M
4
Renaissance Technologies
Renaissance Technologies
New York
+$4.99M
5
Deutsche Bank
Deutsche Bank
Germany
+$2.59M

Top Sellers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$3.73M
2
American Century Companies
American Century Companies
Missouri
-$2.79M
3
OAM
Oxford Asset Management
United Kingdom
-$2.56M
4
Invesco
Invesco
Georgia
-$2.18M
5
OCG
Opus Capital Group
Ohio
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
Thrivent Financial for Lutherans
1
Thrivent Financial for Lutherans
Minnesota
$29.6M +$15.6M +443,344 +69%
Renaissance Technologies
2
Renaissance Technologies
New York
$18.1M +$4.99M +141,941 +27%
SG
3
Standard General
New York
$17.9M – – –
BlackRock
4
BlackRock
New York
$15.4M +$657K +18,693 +3%
FSCM
5
First Sabrepoint Capital Management
Texas
$12.7M +$10.6M +300,100 +180%
Vanguard Group
6
Vanguard Group
Pennsylvania
$10.4M +$482K +13,703 +4%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$8.42M +$2M +56,845 +23%
EMG
8
ETF Managers Group
New Jersey
$8.17M +$10.3M +292,549 New
NRCM
9
Northern Right Capital Management
Connecticut
$5.83M +$2.55M +72,394 +51%
State Street
10
State Street
Massachusetts
$4.32M -$253K -7,201 -4%
Deutsche Bank
11
Deutsche Bank
Germany
$3.28M +$2.59M +73,610 +156%
ACM
12
Argent Capital Management
Missouri
$2.73M -$14.9K -425 -0.4%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$2.69M -$121K -3,432 -3%
JP Morgan Chase
14
JP Morgan Chase
New York
$2.58M +$444K +12,624 +15%
Northern Trust
15
Northern Trust
Illinois
$2.49M -$9.46K -269 -0.3%
ZIM
16
Zacks Investment Management
Illinois
$2.16M -$773K -21,987 -22%
CCM
17
Cadence Capital Management
Massachusetts
$1.77M +$183K +5,196 +9%
PI
18
Putnam Investments
Massachusetts
$1.64M +$2.11M +60,100 New
SGAM
19
Steinberg Global Asset Management
Florida
$1.6M -$61.8K -1,759 -3%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$1.55M -$1.82M -51,826 -48%
Wells Fargo
21
Wells Fargo
California
$1.52M +$152K +4,337 +8%
Prudential Financial
22
Prudential Financial
New Jersey
$1.48M +$1.16M +32,991 +153%
MSL
23
Mackay Shields LLC
New York
$1.47M +$886K +25,188 +87%
HIM
24
Hillsdale Investment Management
Ontario, Canada
$1.38M +$141K +4,000 +9%
AQR Capital Management
25
AQR Capital Management
Connecticut
$1.23M +$526K +14,954 +50%
1
2 3 4 5

TPB Hedge Fund Activity: Q4 2018 in Review

90 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2018, worth a combined $184M — down 23% from $238M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of TPB and 14 opened new positions — a net loss of 10 holders — while 27 trimmed existing stakes and 36 added.

The largest buyer was Thrivent Financial for Lutherans, adding an estimated $15.6M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $3.73M sold.

  • 90 institutional investors held Turning Point Brands (TPB) as of Q4 2018, down from 101 in Q3 2018.
  • Funds reported $184M of Turning Point Brands stock for Q4 2018, down 23% quarter-over-quarter.
  • 14 funds opened new Turning Point Brands positions in Q4 2018 and 24 closed out, a net change of -10 holders.
  • The largest Turning Point Brands buyer in Q4 2018 was Thrivent Financial for Lutherans, an estimated $15.6M added.
  • The largest Turning Point Brands seller in Q4 2018 was Lord, Abbett & Co, an estimated $3.73M sold.

Based on aggregated 13F filings for Q4 2018.