Turning Point Brands
120 hedge funds and large institutions have $421M invested in Turning Point Brands in 2022 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 51 increasing their positions, 37 reducing their positions, and 23 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 37
0.48% more ownership
Funds ownership: 84.51% → 84.99% (+0.48%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
10% less funds holding
Funds holding: 133 → 120 (-13)
20% less capital invested
Capital invested by funds: $524M → $421M (-$103M)
35% less call options, than puts
Call options by funds: $1.69M | Put options by funds: $2.59M
43% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$10.5M |
| 2 |
BlackRock
New York
|
+$9.79M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$8.23M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$6.09M |
| 5 |
EMG
ETF Managers Group
Summit,
New Jersey
|
+$4.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RP
Repertoire Partners
New York
|
-$20M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$14.4M |
| 3 |
Millennium Management
New York
|
-$8.08M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$4.62M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$3.49M |
TPB Hedge Fund Activity: Q2 2022 in Review
120 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q2 2022, worth a combined $421M — down 20% from $524M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of TPB and 13 opened new positions — a net loss of 10 holders — while 37 trimmed existing stakes and 51 added.
The largest buyer was Mangrove Partners, adding an estimated $10.5M. The largest seller was Repertoire Partners, cutting an estimated $20M.
- 120 institutional investors held Turning Point Brands (TPB) as of Q2 2022, down from 133 in Q1 2022.
- Funds reported $421M of Turning Point Brands stock for Q2 2022, down 20% quarter-over-quarter.
- 13 funds opened new Turning Point Brands positions in Q2 2022 and 23 closed out, a net change of -10 holders.
- The largest Turning Point Brands buyer in Q2 2022 was Mangrove Partners, an estimated $10.5M added.
- The largest Turning Point Brands seller in Q2 2022 was Repertoire Partners, an estimated $20M sold.
Based on aggregated 13F filings for Q2 2022.