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Turning Point Brands
TPB

109 hedge funds and large institutions have $343M invested in Turning Point Brands in 2019 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 40 increasing their positions, 26 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 26

47% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 17

22% more capital invested

Capital invested by funds: $281M → $343M (+$62.6M)

5% more funds holding

Funds holding: 104 → 109 (+5)

4.67% more ownership

Funds ownership: 31.13% → 35.81% (+4.7%)

10% more call options, than puts

Call options by funds: $16.2M | Put options by funds: $14.8M

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
109
Holders Change
+5
Holders Change %
+4.81%
% of All Funds
2.37%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
25
Increased
40
Reduced
26
Closed
17
Calls
$16.2M
Puts
$14.8M
Net Calls
+$1.45M
Net Calls Change
-$19.5M

Top Buyers

1
EMG
ETF Managers Group
New Jersey
+$17.3M
2
PCM
Portolan Capital Management
Massachusetts
+$10.9M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$6.98M
4
N
Nuveen
North Carolina
+$4.61M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$4.6M

Top Sellers

1
IECM
Intrinsic Edge Capital Management
Illinois
-$6.24M
2
Renaissance Technologies
Renaissance Technologies
New York
-$5.33M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
-$3.24M
4
WCM
Wedge Capital Management
North Carolina
-$1.64M
5
ZIM
Zacks Investment Management
Illinois
-$1.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
Thrivent Financial for Lutherans
1
Thrivent Financial for Lutherans
Minnesota
$59.2M +$1.17M +24,175 +2%
SG
2
Standard General
New York
$32.2M – – –
BlackRock
3
BlackRock
New York
$32M +$4M +82,870 +15%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$20.6M +$673K +13,968 +3%
Vanguard Group
5
Vanguard Group
Pennsylvania
$19.8M +$140K +2,904 +0.7%
EMG
6
ETF Managers Group
New Jersey
$17.6M +$17.3M +359,391 New
Renaissance Technologies
7
Renaissance Technologies
New York
$17.4M -$5.33M -110,500 -24%
PCM
8
Portolan Capital Management
Massachusetts
$13.5M +$10.9M +226,162 +464%
State Street
9
State Street
Massachusetts
$8.13M +$479K +9,933 +6%
DCM
10
Driehaus Capital Management
Illinois
$8.01M +$2.42M +50,252 +44%
Invesco
11
Invesco
Georgia
$7.24M +$372K +7,725 +6%
Lord, Abbett & Co
12
Lord, Abbett & Co
New Jersey
$7.09M +$6.98M +144,700 New
FSCM
13
First Sabrepoint Capital Management
Texas
$6.56M +$1.82M +37,848 +39%
D.E. Shaw & Co
14
D.E. Shaw & Co
New York
$5.56M +$4.6M +95,324 +525%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$5.33M +$361K +7,496 +7%
Northern Trust
16
Northern Trust
Illinois
$5.05M -$13.5K -280 -0.3%
N
17
Nuveen
North Carolina
$4.68M +$4.61M +95,568 New
Morgan Stanley
18
Morgan Stanley
New York
$4.03M +$352K +7,291 +10%
MSL
19
Mackay Shields LLC
New York
$3.89M +$1.97M +40,870 +106%
ACM
20
Argent Capital Management
Missouri
$3.81M – – –
NRCM
21
Northern Right Capital Management
Connecticut
$3.46M +$996K +20,661 +41%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$2.92M +$68.6K +1,422 +2%
CG
23
Colony Group
Massachusetts
$2.82M +$2.77M +57,540 New
AQR Capital Management
24
AQR Capital Management
Connecticut
$2.74M +$930K +19,282 +53%
Millennium Management
25
Millennium Management
New York
$2.63M +$2.59M +53,626 New
1
2 3 4 5

TPB Hedge Fund Activity: Q2 2019 in Review

109 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2019, worth a combined $343M — up 22% from $281M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new TPB positions and 17 closed out — a net gain of 8 holders — while 40 added to existing stakes and 26 trimmed.

The largest buyer was ETF Managers Group, opening a new position worth an estimated $17.3M. The largest seller was Intrinsic Edge Capital Management, exiting entirely with an estimated $6.24M sold.

  • 109 institutional investors held Turning Point Brands (TPB) as of Q2 2019, up from 104 in Q1 2019.
  • Funds reported $343M of Turning Point Brands stock for Q2 2019, up 22% quarter-over-quarter.
  • 25 funds opened new Turning Point Brands positions in Q2 2019 and 17 closed out, a net change of +8 holders.
  • The largest Turning Point Brands buyer in Q2 2019 was ETF Managers Group, an estimated $17.3M added.
  • The largest Turning Point Brands seller in Q2 2019 was Intrinsic Edge Capital Management, an estimated $6.24M sold.

Based on aggregated 13F filings for Q2 2019.