Turning Point Brands
TPB
109 hedge funds and large institutions have $461M invested in Turning Point Brands in 2020 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 40 increasing their positions, 21 reducing their positions, and 6 closing their positions.
1,470% more call options, than puts
Call options by funds: $22.9M | Put options by funds: $1.46M
1,111% more capital inflows, than outflows
Capital inflows: $270M | Capital outflows: $22.3M
483% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 6
90% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 21
44.58% more ownership
Funds ownership: 41.22% → 85.79% (+45%)
36% more funds holding
Funds holding: 80 → 109 (+29)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Standard General
New York
|
+$174M |
| 2 |
No Street GP LP
San Francisco,
California
|
+$15.4M |
| 3 |
Driehaus Capital Management
Chicago,
Illinois
|
+$11.2M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.54M |
| 5 |
BlackRock
New York
|
+$6.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ETF Managers Group
Summit,
New Jersey
|
-$6.57M |
| 2 |
Western Standard LLC
Los Angeles,
California
|
-$3.71M |
| 3 |
D.E. Shaw & Co
New York
|
-$2.59M |
| 4 |
Putnam Investments
Boston,
Massachusetts
|
-$2.43M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$1.26M |
TPB Hedge Fund Activity: Q3 2020 in Review
109 of the 4,972 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2020, worth a combined $461M — up 129% from $201M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new TPB positions and 6 closed out — a net gain of 29 holders — while 40 added to existing stakes and 21 trimmed.
The largest buyer was Standard General, adding an estimated $174M. The largest seller was ETF Managers Group, cutting an estimated $6.57M.
- 109 institutional investors held Turning Point Brands (TPB) as of Q3 2020, up from 80 in Q2 2020.
- Funds reported $461M of Turning Point Brands stock for Q3 2020, up 129% quarter-over-quarter.
- 35 funds opened new Turning Point Brands positions in Q3 2020 and 6 closed out, a net change of +29 holders.
- The largest Turning Point Brands buyer in Q3 2020 was Standard General, an estimated $174M added.
- The largest Turning Point Brands seller in Q3 2020 was ETF Managers Group, an estimated $6.57M sold.
Based on aggregated 13F filings for Q3 2020.