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Turning Point Brands

131 hedge funds and large institutions have $726M invested in Turning Point Brands in 2021 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 58 increasing their positions, 37 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 37

8% less call options, than puts

Call options by funds: $6.84M | Put options by funds: $7.43M

6.33% less ownership

Funds ownership: 89.84%83.52% (-6.3%)

7% less funds holding

Funds holding: 141131 (-10)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

19% less capital invested

Capital invested by funds: $894M → $726M (-$168M)

40% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 25

Holders
131
Holders Change
-10
Holders Change %
-7.09%
% of All Funds
2.28%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.1%
New
15
Increased
58
Reduced
37
Closed
25
Calls
$6.84M
Puts
$7.43M
Net Calls
-$589K
Net Calls Change
-$13.5M
Name Holding Trade Value Shares
Change
Change in
Stake
SG
1
Standard General
New York
$145M -$40.7M -880,000 -22%
Thrivent Financial for Lutherans
2
Thrivent Financial for Lutherans
Minnesota
$71.4M +$2.87M +62,076 +4%
Lord, Abbett & Co
3
Lord, Abbett & Co
New Jersey
$55.7M +$5.7M +123,175 +11%
EMG
4
ETF Managers Group
New Jersey
$45.7M -$7.29M -157,726 -13%
BlackRock
5
BlackRock
New York
$45.1M +$4.11M +88,855 +10%
Vanguard Group
6
Vanguard Group
Pennsylvania
$35.6M +$796K +17,214 +2%
DCM
7
DG Capital Management
New York
$19.7M +$7.49M +161,898 +60%
TA
8
Tamarack Advisers
California
$18.3M
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$18.1M +$456K +9,861 +3%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$15.8M +$1.7M +36,760 +11%
SCP
11
Steamboat Capital Partners
New York
$13.8M +$14M +301,822 New
Barclays
12
Barclays
United Kingdom
$13.5M -$11.2M -243,148 -45%
Fidelity Investments
13
Fidelity Investments
Massachusetts
$13.2M +$3.41M +73,700 +34%
NSGL
14
No Street GP LP
California
$11.4M +$694K +15,000 +6%
DCM
15
Driehaus Capital Management
Illinois
$11.1M -$9.06M -195,885 -45%
State Street
16
State Street
Massachusetts
$10.4M +$1.24M +26,894 +13%
FSCM
17
First Sabrepoint Capital Management
Texas
$10.4M
GECH
18
Garnet Equity Capital Holdings
New York
$10.3M -$971K -21,000 -9%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$10.1M +$986K +21,321 +11%
BCM
20
Brigade Capital Management
New York
$8.95M -$3.01M -65,000 -25%
Marshall Wace
21
Marshall Wace
United Kingdom
$8.45M -$5.23M -112,997 -38%
AIA
22
Avalon Investment & Advisory
Texas
$7.24M +$3.01M +65,102 +70%
MWNA
23
Marshall Wace North America
New York
$6.79M +$5.58M +120,712 +437%
Northern Trust
24
Northern Trust
Illinois
$6.53M +$642K +13,893 +11%
D.E. Shaw & Co
25
D.E. Shaw & Co
New York
$6.18M -$1.75M -37,819 -22%

TPB Hedge Fund Activity: Q2 2021 in Review

131 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2021, worth a combined $726M — down 19% from $894M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of TPB and 15 opened new positions — a net loss of 10 holders — while 37 trimmed existing stakes and 58 added.

The largest buyer was Steamboat Capital Partners, opening a new position worth an estimated $14M. The largest seller was Standard General, cutting an estimated $40.7M.

  • 131 institutional investors held Turning Point Brands (TPB) as of Q2 2021, down from 141 in Q1 2021.
  • Funds reported $726M of Turning Point Brands stock for Q2 2021, down 19% quarter-over-quarter.
  • 15 funds opened new Turning Point Brands positions in Q2 2021 and 25 closed out, a net change of -10 holders.
  • The largest Turning Point Brands buyer in Q2 2021 was Steamboat Capital Partners, an estimated $14M added.
  • The largest Turning Point Brands seller in Q2 2021 was Standard General, an estimated $40.7M sold.

Based on aggregated 13F filings for Q2 2021.