Turning Point Brands
119 hedge funds and large institutions have $413M invested in Turning Point Brands in 2023 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 37 increasing their positions, 43 reducing their positions, and 15 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
23% more capital invested
Capital invested by funds: $336M → $413M (+$77.5M)
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
6.91% more ownership
Funds ownership: 82.23% → 89.14% (+6.9%)
3% more funds holding
Funds holding: 116 → 119 (+3)
14% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 43
90% less call options, than puts
Call options by funds: $78K | Put options by funds: $797K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$29.4M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$7.39M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$4.02M |
| 4 |
Jane Street
New York
|
+$2.51M |
| 5 |
Renaissance Technologies
New York
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$17.3M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
-$3.04M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$2.17M |
| 4 |
Millennium Management
New York
|
-$1.7M |
| 5 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$1.32M |
TPB Hedge Fund Activity: Q4 2023 in Review
119 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q4 2023, worth a combined $413M — up 23% from $336M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new TPB positions and 15 closed out — a net gain of 3 holders — while 37 added to existing stakes and 43 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $29.4M. The largest seller was Mangrove Partners, cutting an estimated $17.3M.
- 119 institutional investors held Turning Point Brands (TPB) as of Q4 2023, up from 116 in Q3 2023.
- Funds reported $413M of Turning Point Brands stock for Q4 2023, up 23% quarter-over-quarter.
- 18 funds opened new Turning Point Brands positions in Q4 2023 and 15 closed out, a net change of +3 holders.
- The largest Turning Point Brands buyer in Q4 2023 was Morgan Stanley, an estimated $29.4M added.
- The largest Turning Point Brands seller in Q4 2023 was Mangrove Partners, an estimated $17.3M sold.
Based on aggregated 13F filings for Q4 2023.