Turning Point Brands
TPB
133 hedge funds and large institutions have $425M invested in Turning Point Brands in 2024 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 45 increasing their positions, 43 reducing their positions, and 8 closing their positions.
188% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 8
12% more funds holding
Funds holding: 119 → 133 (+14)
5% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 43
7% less capital invested
Capital invested by funds: $455M → $425M (-$29.7M)
15.78% less ownership
Funds ownership: 98.19% → 82.4% (-16%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
91% less call options, than puts
Call options by funds: $149K | Put options by funds: $1.68M
Top Buyers
| 1 |
Millennium Management
New York
|
+$3.98M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$3.8M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.35M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$2.12M |
| 5 |
HCM
Harspring Capital Management
New York
|
+$2.04M |
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$50.2M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$14.1M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$13.7M |
| 4 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$3.67M |
| 5 |
Jane Street
New York
|
-$3.53M |
TPB Hedge Fund Activity: Q1 2024 in Review
133 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q1 2024, worth a combined $425M — down 6.5% from $455M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new TPB positions and 8 closed out — a net gain of 15 holders — while 45 added to existing stakes and 43 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $3.98M. The largest seller was Morgan Stanley, cutting an estimated $50.2M.
- 133 institutional investors held Turning Point Brands (TPB) as of Q1 2024, up from 119 in Q4 2023.
- Funds reported $425M of Turning Point Brands stock for Q1 2024, down 6.5% quarter-over-quarter.
- 23 funds opened new Turning Point Brands positions in Q1 2024 and 8 closed out, a net change of +15 holders.
- The largest Turning Point Brands buyer in Q1 2024 was Millennium Management, an estimated $3.98M added.
- The largest Turning Point Brands seller in Q1 2024 was Morgan Stanley, an estimated $50.2M sold.
Based on aggregated 13F filings for Q1 2024.