Turning Point Brands
TPB
165 hedge funds and large institutions have $620M invested in Turning Point Brands in 2024 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 53 increasing their positions, 60 reducing their positions, and 13 closing their positions.
123% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 13
32% more capital invested
Capital invested by funds: $468M → $620M (+$152M)
11% more funds holding
Funds holding: 149 → 165 (+16)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less call options, than puts
Call options by funds: $3M | Put options by funds: $3.12M
1.61% less ownership
Funds ownership: 82.84% → 81.22% (-1.6%)
12% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 60
Top Buyers
Top Sellers
TPB Hedge Fund Activity: Q3 2024 in Review
165 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Turning Point Brands (TPB) for Q3 2024, worth a combined $620M — up 32% from $468M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new TPB positions and 13 closed out — a net gain of 16 holders — while 53 added to existing stakes and 60 trimmed.
The largest buyer was Park West Asset Management, opening a new position worth an estimated $7.22M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $23.6M.
- 165 institutional investors held Turning Point Brands (TPB) as of Q3 2024, up from 149 in Q2 2024.
- Funds reported $620M of Turning Point Brands stock for Q3 2024, up 32% quarter-over-quarter.
- 29 funds opened new Turning Point Brands positions in Q3 2024 and 13 closed out, a net change of +16 holders.
- The largest Turning Point Brands buyer in Q3 2024 was Park West Asset Management, an estimated $7.22M added.
- The largest Turning Point Brands seller in Q3 2024 was Thrivent Financial for Lutherans, an estimated $23.6M sold.
Based on aggregated 13F filings for Q3 2024.