Vault-13

TURNING PT BRANDS INC TPB 2.5 07.15.24

NOTE 2.500% 7/1 · US DOMESTIC · CUSIP 90041LAE5

15 institutional holders -1 vs Q1 2023
43,447,00043.4m shares reported held*
$122.9mreported value*
3 new 3 added 2 reduced 3 sold out net sold ≈ $62.4m (+19.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $2.83.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 14Q4 22: 15Q1 23: 16Q2 23: 1515Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202214
Q4 202215
Q1 202316
Q2 202315

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
10010Q4 22: 6 bought or addedQ4 22: 6 cut or sold outQ4 22Q1 23: 7 bought or addedQ1 23: 8 cut or sold outQ1 23Q2 23: 6 bought or addedQ2 23: 5 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202266
Q1 202378
Q2 202365

Biggest buyers

Fort Baker Capital Management LP Added +17,342,000+17.3m
OAKTREE CAPITAL MANAGEMENT LP Added +2,030,000+2.0m
MANGROVE PARTNERS IM, LLC New +1,400,000+1.4m
Strategic Income Management, LLC New +850,000+850.0k
Russell Investments Group, Ltd. Added +470,000+470.0k
DCF Advisers, LLC New +400,000+400.0k

Biggest sellers

FMR LLC Reduced -66,184,000-66.2m
CAMDEN ASSET MANAGEMENT L P /CA Sold out -18,692,000-18.7m
MANGROVE PARTNERS IM, LLC Sold out -1,400,000-1.4m
Strategic Income Management, LLC Sold out -850,000-850.0k
DG Capital Management, LLC Reduced -620,000-620.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Fort Baker Capital Management LP 5.63% of their portfolio Larkspur, CA 41,197,00041.2m $39.8m $39.8m 5.63% Added +17.3m +17,342,000
2 FMR LLC 0.00% of their portfolio BOSTON, MA 33,066,00033.1m $31.5m $31.5m 0.00% Reduced -66.2m -66,184,000
3 Davidson Kempner Capital Management LP 0.60% of their portfolio New York, NY 30,000,00030.0m $28.6m $28.6m 0.60% Unchanged
4 OAKTREE CAPITAL MANAGEMENT LP 0.10% of their portfolio LOS ANGELES, CA 7,742,0007.7m $7.5m $7.5m 0.10% Added +2.0m +2,030,000
5 DG Capital Management, LLC 2.03% of their portfolio NEW YORK, NY 4,092,0004.1m $3.9m $3.9m 2.03% Reduced -620.0k -620,000
6 Atlas Merchant Capital LLC 0.51% of their portfolio New York, NY 2,500,0002.5m $2.4m $2.4m 0.51% Unchanged
7 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,758,0001.8m $1.7m $1.7m 0.00% Added +470.0k +470,000
8 MANGROVE PARTNERS IM, LLC 0.09% of their portfolio Greenwich, CT 1,400,0001.4m $1.3m $1.3m 0.09% New
9 Penn Mutual Asset Management 1.09% of their portfolio Conshohocken, PA 1,250,0001.2m $1.2m $1.2m 1.09% Unchanged
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,250,0001.2m $1.2m $1.2m 0.00% Unchanged
11 Strategic Income Management, LLC 1.53% of their portfolio SEATTLE, WA 850,000850.0k $809.6k $809.6k 1.53% New
12 DCF Advisers, LLC 0.26% of their portfolio MOUNT PLEASANT, SC 400,000400.0k $381.0k $381.0k 0.26% New
13 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 300,000300.0k $285.7k $285.7k 0.00% Unchanged
14 Context Capital Management, LLC 0.22% of their portfolio LAJOLLA, CA 2,5002.5k $2.4m $2.4m 0.22% Unchanged
15 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged