Turning Point Brands
104 hedge funds and large institutions have $281M invested in Turning Point Brands in 2019 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 28 increasing their positions, 35 reducing their positions, and 14 closing their positions.
595% more call options, than puts
Call options by funds: $24.5M | Put options by funds: $3.53M
100% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 14
53% more capital invested
Capital invested by funds: $184M → $281M (+$96.9M)
16% more funds holding
Funds holding: 90 → 104 (+14)
3.36% less ownership
Funds ownership: 34.49% → 31.13% (-3.4%)
20% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 35
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$5.19M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$4.34M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$3.87M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.72M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$3.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
-$14.2M |
| 2 |
EMG
ETF Managers Group
Summit,
New Jersey
|
-$8.17M |
| 3 |
Renaissance Technologies
New York
|
-$7.58M |
| 4 |
NRCM
Northern Right Capital Management
Darien,
Connecticut
|
-$6.29M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.82M |
TPB Hedge Fund Activity: Q1 2019 in Review
104 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q1 2019, worth a combined $281M — up 53% from $184M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new TPB positions and 14 closed out — a net gain of 14 holders — while 28 added to existing stakes and 35 trimmed.
The largest buyer was Intrinsic Edge Capital Management, opening a new position worth an estimated $5.19M. The largest seller was First Sabrepoint Capital Management, cutting an estimated $14.2M.
- 104 institutional investors held Turning Point Brands (TPB) as of Q1 2019, up from 90 in Q4 2018.
- Funds reported $281M of Turning Point Brands stock for Q1 2019, up 53% quarter-over-quarter.
- 28 funds opened new Turning Point Brands positions in Q1 2019 and 14 closed out, a net change of +14 holders.
- The largest Turning Point Brands buyer in Q1 2019 was Intrinsic Edge Capital Management, an estimated $5.19M added.
- The largest Turning Point Brands seller in Q1 2019 was First Sabrepoint Capital Management, an estimated $14.2M sold.
Based on aggregated 13F filings for Q1 2019.