Turning Point Brands
TPB
113 hedge funds and large institutions have $332M invested in Turning Point Brands in 2022 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 49 increasing their positions, 31 reducing their positions, and 9 closing their positions.
235% more call options, than puts
Call options by funds: $231K | Put options by funds: $69K
89% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 9
58% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 31
5% more funds holding
Funds holding: 108 → 113 (+5)
0% less capital invested
Capital invested by funds: $333M → $332M (-$1.24M)
0.42% less ownership
Funds ownership: 87.81% → 87.39% (-0.42%)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFG
Jefferies Financial Group
New York
|
+$15M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$6.99M |
| 3 |
Millennium Management
New York
|
+$6.11M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$4.37M |
| 5 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
+$3.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Standard General
New York
|
-$33.3M |
| 2 |
DCM
DG Capital Management
New York
|
-$15M |
| 3 |
RP
Repertoire Partners
New York
|
-$5.66M |
| 4 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
-$2.22M |
| 5 |
WSL
Western Standard LLC
Los Angeles,
California
|
-$1.28M |
TPB Hedge Fund Activity: Q4 2022 in Review
113 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2022, worth a combined $332M — down 0.37% from $333M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new TPB positions and 9 closed out — a net gain of 8 holders — while 49 added to existing stakes and 31 trimmed.
The largest buyer was Jefferies Financial Group, opening a new position worth an estimated $15M. The largest seller was Standard General, cutting an estimated $33.3M.
- 113 institutional investors held Turning Point Brands (TPB) as of Q4 2022, up from 108 in Q3 2022.
- Funds reported $332M of Turning Point Brands stock for Q4 2022, down 0.37% quarter-over-quarter.
- 17 funds opened new Turning Point Brands positions in Q4 2022 and 9 closed out, a net change of +8 holders.
- The largest Turning Point Brands buyer in Q4 2022 was Jefferies Financial Group, an estimated $15M added.
- The largest Turning Point Brands seller in Q4 2022 was Standard General, an estimated $33.3M sold.
Based on aggregated 13F filings for Q4 2022.